That may be a headwind and also intensify the US China trade war. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source.
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Broker Platforms Spread Leverage Min. ICOs, cryptocurrency exchanges must be regulated Oct 27 Number of complaints against forex platforms in New Zealand drops Oct 25 Latest forex brokers Prime X Club review - Is primexclub.
Invert Plus review - Is invertplus. PremiumTradesMarkets Review - is premiumtradesmarkets. PBN Invest Review - is pbninvest. Capital Group review - Is capital PTBanc Review - is ptbanc. TradeVest Review - is tradevestgroup. Experts say that Forex regulation is missing in New Zealand and what we can see here is not exactly a plan or strategy for making things quite official and legal here, but a way to simplify traders to gain more profits.
In general, there are three main regulating bodies here in the country. Each of them has its own mission and methods to influence Forex world in NZ. Check out more about these three New Zealand regulators now:. This is an agency that as you can guess by its name is responsible for the gathering and collecting data about all Forex brokers that are based and registered in New Zealand.
But if agencies like this in other countries do offer both — official licenses and safety measures — Financial Service Providers Register is also in charge for the singing of the brokers. Here is the place, where both — traders and brokers — can fill in documents for making a claim, complain or even a suggestion.
The agency has a whole bunch of measures that must be provided to all brokers that are based in New Zealand, respectively they need to be obeyed, too.
If the previous two agencies have their own authorities to make something, to ban or to punish, Financial Markets Authority is the big leader among the three organizations. The sector has been wobbling lately and trouble there could easily spread. A report like this makes you scratch your head. That's a strange divergence that's tough to explain. The US dollar is soft today against the euro, yen and pound but that may only be a blip, Morgan Stanley says.
They see a chance for particularly strong US dollar gains against the Australian and New Zealand dollars but also versus the yen. As for non-farm payrolls, they say the market is now probably looking for something above K compared to the K consensus. I'll be interested to see if the selling continues as New York trading picks up.
Yields remain higher but the year is back to 3. There is some notable data today starting with initial jobless claims at the bottom of the hour. Then at GMT 10 am ET there is the factory orders report, including revisions to durable goods orders. Keep an eye on Italy with more budget details to come.
Not aware that UK has tabled any formal proposals on backstop yet New UK proposal on Irish border makes finding a compromise possible - EU source Saudi energy minister says that fundamentals aren't behind oil price increase ECB's Rehn: Government has set and GDP target at 1. That was pretty much the number one driver across markets in trading today.
Things started off with Treasury yields rising before the start of European trading with year yields moving above 3. The rise in yields kept equities pressured and that resulted in a more risk off tone before European markets opened.
Both currency pairs were dragged lower overnight as the dollar was bid on the back of solid economic data and Powell's more hawkish tone. There wasn't much catalyst to the moves but higher European and UK yields are something worth noting in the midst of all of this as well. Yields in UK gilts traded to their highest levels since February and that enough to underpin the pound on the day.
And the gains didn't stop there. A report on a possible progress in the Irish border issue helped the pound gather fresh bids as cable shot up to a high of 1. As the session draws to a close now, both pairs are off the highs for the day but continues to be underpinned ahead of US trading.
The biggest losers on the day are the Australian dollar and the New Zealand dollar. Both currencies already have had a rough week and things got worse. The pair started the session around 0.
Looking ahead to US trading, it's going to still be all about yields once again so keep an eye out on that. But also, watch out for the impact of higher yields on the equities market. Right now, US futures are weighed lower but we've not seen much panic or massively nervous tones just yet. However, if yields threaten to break out in a big manner, expect some jitters to reverberate through markets at the very least. And let's not forget we have the US jobs report due tomorrow as well to add some spice into markets.
Title text for next article. Join our Telegram group. Get the ForexLive Newsletter. Thu 4 Oct Tech worries weigh It's almost as if the stock market woke up to what happened in bonds yesterday. View Full Article with Comments. The index does tend to have it's volatile swings, which begs if it is effective. In any case, the price action saw a move higher from 1. The failure to go higher seems to have traders thinking, "If it cant go, higher it must go lower".
Technically, the price has been waffling above and below the day MA at 1. It seems to be acting as magnate. The current push is making a play to the downside.
On a move back down, the hour MA at 1. That MA is still moving lower. That gap is from 1. On the first test of the gap and the bottom of it , sellers leaned. Sellers are trying to make a play away from the day MA. Can the momentum continue. The day MA is risk for shorts now. Asset 24 View More. Trade ideas thread - European session 2 October There was a time when this report was a market mover but those days are gone, with the Markit PMI taking the lead now.
The price is currently at 1. No estimates for the data -