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Cryptocurrency Webinar: The Calm Before the Storm? Fundamental analysis, news events, market reactions and macro trends. DailyFX speculative positioning data on the sentiment page. On Wednesday, RBNZ Governor Orr marked his inaugural meeting by delivering a somewhat more dovish statement than had been expected by market participants, consequently weighing on NZD. Official Cash Rate path had been cut by 10bps in the June-19 quarter to 1.
RBA who have stated that the next move is likely to be a hike. Despite both central banks expected to remain on hold throughout 2018, this does in turn signal the beginning of a divergence in monetary policy between the RBA and RBNZ, which in effect supports the case for a rise in AUDNZD. Asia AM Digest: PHP, SGD Await HK GDP. Demo Account A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Past performance is no indication of future results. DailyFX is the news and education website of IG Group.