News

NZD traders – heads up for the GDT dairy auction coming up Tuesday, London time

GlobalDairyTrade (GDT) auction begins at midday in London today, with the results coming out in the hours following.

Recent results:

For today’s auction, outlook via New Zealand’s ASB, in brief:

  • expect whole milk powder prices to fall 1%
  • futures pricing also points to a drop of around 1%
  • So far, dairy prices posted modest falls against the context of the escalating US-China trade war. Indeed over coming months, we anticipate that the strength, or otherwise, of NZ spring production will have the largest influence on the direction of dairy auction prices.

Stronger dairy prices are a positive inout for the NZ dollar.

ForexLive

Articles You May Like

FOREX COBRA SNAKE SYSTEM
LIVE Forex Trading – NY Session 25th February 2020
Dollar moves a bit higher as gold comes off
What REALLY Is Forex Trading? (Answering The 9 Biggest BEGINNER Questions!)
Professional Forex trading course Part 1 | Tani Special free FX courses in Hindi and Urdu Tutorial

Leave a Reply

Your email address will not be published. Required fields are marked *