CMC Markets - Latest News [Page 1]

Strong migration data likely to seal OCR increase Thursday

Tuesday, 22 July 2014, 1:26 pm | CMC Markets

The Kiwi continues to consolidate around 0.8700 in the lead up to Thursday’s Reserve Bank OCR review. While last week’s Q2 CPI number printed just below market expectation, it was largely in line with the Reserve Bank’s June projections at +0.3% for the ... More >>

Strong migration data likely to seal OCR increase

Tuesday, 22 July 2014, 10:23 am | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) The Kiwi continues to consolidate around 0.8700 in the leadup to Thursday’s Reserve Bank OCR review. While last week’s Q2 CPI number printed just below market expectation, it was largely in line with ... More >>

Inflation data and Fed Testimony to set direction for Kiwi

Tuesday, 15 July 2014, 10:19 am | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) The kiwi has proven resilient over the past week, and continues to find solid support just beneath 0.8800 ahead of Wednesday’s inflation data. The market is forecasting the Q2 CPI number to print ... More >>

Kiwi correction hopes rest with FED reaction

Tuesday, 8 July 2014, 9:33 am | CMC Markets

08:40 NZT, Tuesday 8 July 2014 Kiwi correction hopes rest with FED reaction to stronger economic data. By Garry Dean (Sales Trader, CMC Markets New Zealand) The Kiwi is proving extremely resilient amidst all of the noise surrounding last Thursday’s ... More >>

Inflation pressures and dovish FED combine to raise Kiwi

Tuesday, 1 July 2014, 9:04 am | CMC Markets

June Business Confidence was released yesterday, and showed a massive drop to 42.8 in June from 53.5 in May, with the Activity Outlook falling to 45.8 from 51.0. The reading is hardly surprising given the strength of the exchange rate, and reflects ... More >>

Kiwi trades to six-week high despite geopolitical risks

Tuesday, 24 June 2014, 9:38 am | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) The week started with a bang for the Kiwi, with the release of data showing annual migration for the year through May of 36,400 – the highest level in more than a decade, and well above the levels ... More >>

Yield attraction will continue to support the Kiwi

Tuesday, 17 June 2014, 10:14 am | CMC Markets

The hawkish tone of last week’s RBNZ Monetary Policy Statement surprised a number of market analysts, and resulted in an explosive rally in the Kiwi to 0.8700. To varying degrees, most analysts were expecting the forecast track of the 90-day bank ... More >>

RBNZ face challenging decision on Thursday

Tuesday, 10 June 2014, 12:00 pm | CMC Markets

The key focus for the New Zealand dollar will be the Reserve Bank on Thursday morning, with the market widely expecting the OCR to be increased 25 points to 3.25%. The variance among market forecasters sits around the revisions contained within the ... More >>

RBNZ face challenging decision on Thursday

Tuesday, 10 June 2014, 9:25 am | CMC Markets

The key focus for the New Zealand dollar will be the Reserve Bank on Thursday morning, with the market widely expecting the OCR to be increased 25 pts to 3.25%. The variance among market forecasters sits around the revisions contained within the June Monetary ... More >>

Break below 0.8500 significant for Kiwi

Tuesday, 3 June 2014, 9:31 am | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) Last week’s break below the key 0.8500 – 0.8515 support window was significant for the Kiwi, and this level is now expected to provide major topside resistance going forward. Monthly charts ... More >>

Wednesday’s Dairy pay-out to keep pressure on Kiwi

Tuesday, 27 May 2014, 11:10 am | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) Last week we saw dairy prices at Fonterra’s Global Dairy Trade auction slump a further 1.8%, taking the overall decline to around 23% over the past seven auctions. It’s therefore not surprising ... More >>

Aust: Shares eke out gains after exhausting week

Friday, 23 May 2014, 8:04 pm | CMC Markets

By Michael McCarthy (Chief Market Strategist, CMC Markets) After Monday’s bang, Australian shares have closed the week with a whimper, edging higher to post a modest gain for the week. Investors appear to have forgotten the biggest one day fall since ... More >>

Kiwi strength poses problems for RBNZ

Tuesday, 20 May 2014, 10:38 am | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) RBNZ Governor Graeme Wheeler is experiencing the same frustration felt by his predecessors, as he tries to address non-tradeable inflationary pressures in the economy via increases to the OCR. Governor ... More >>

Kiwi strength poses problems for RBNZ

Tuesday, 20 May 2014, 9:14 am | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) RBNZ Governor Graeme Wheeler is experiencing the same frustration felt by his predecessors, as he tries to address non-tradeable inflationary pressures in the economy via increases to the OCR. Governor ... More >>

Australia: Market moves on from the budget

Wednesday, 14 May 2014, 11:50 am | CMC Markets

At the end of the day, most of the initiatives in last night’s budget had been signalled in advance leaving markets unchanged in pre-open trading. Markets appear relatively comfortable that the Government has managed to find appropriate middle ... More >>

Kiwi suffers on uncertainty over future OCR increases

Tuesday, 13 May 2014, 9:15 am | CMC Markets

The NZ Dollar opens the week in consolidation phase around 0.8620 after losing close to two cents over the latter part of last week. RBNZ Governor Wheeler said in a speech last Wednesday that he believes the exchange rate is overvalued, but his threat of ... More >>

Kiwi at risk as Ukraine tensions increase

Tuesday, 6 May 2014, 9:33 am | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) Despite the escalation of tensions in Ukraine, the NZ dollar has maintained the gains seen in the post US Payrolls rally, to open at 0.8680. The USD weakened following Friday’s payrolls report, ... More >>

Kiwi eyes 0.8500 as pullback continues

Tuesday, 29 April 2014, 9:39 am | CMC Markets

The NZ Dollar continues its downward correction from the over-extended highs of early April, when bearish technical divergences warned the upside momentum above 0.8700 was waning. Initial support is now seen at 0.8500, but with the situation in Ukraine ... More >>

NZ Rate Themselves

Thursday, 24 April 2014, 1:55 pm | CMC Markets

By Chay Flack (Equities Dealer, CMC Markets Stockbroking) We have seen a steady morning that is expected to quiet down ahead of the long weekend. Equity options expired yesterday, which will inflate today’s volume as positions are exercised. ... More >>

Kiwi at risk ahead of CPI and Dairy auction

Tuesday, 15 April 2014, 10:19 am | CMC Markets

Wednesday poses as the key day for the NZD this week, with the release of an important data dump from China, the latest Online Dairy auction results, and Q1 CPI in New Zealand. Local traders have priced-in a 0.5% CPI increase for the March quarter, ... More >>

 

 

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