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CMC Markets - Latest News [Page 7]
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 >>
Commodity correction weighs on Kiwi
Tuesday, 8 April 2014, 3:07 pm | CMC Markets
By Garry Dean (Sales Trader, CMC Markets New Zealand) The NZD has managed to claw back around half of the losses seen following last week’s commodity inspired sell-off. The 8.9% fall in last week’s GlobalDairyTrade auction took the combined 6-week ... More >>
NZD supported ahead of US employment
Tuesday, 1 April 2014, 11:07 am | CMC Markets
The New Zealand dollar’s surge to a fresh 2 ½ year high of 0.8698 on Friday looked a little extended, with technical indicators suggesting recent upward momentum was flagging, and a short-term retracement was likely. NZ business confidence figures ... More >>
NZD range-trade favoured
Tuesday, 25 March 2014, 11:34 am | CMC Markets
Fed Chairman Janet Yellen’s assertion last week that US interest rates may begin to rise in the second quarter of 2015 weighed heavily on the New Zealand dollar. The forecast increase in the Fed Funds Rate to 1.00% at the end of 2015, and 2.25% ... More >>
Headwinds remain for the NZ dollar
Tuesday, 18 March 2014, 11:32 am | CMC Markets
The New Zealand dollar has benefitted overnight from a rally in risk assets as the weekend’s Crimea referendum passed without major violence. The 97% vote in favour of joining Russia was not recognised by the US, Ukraine and the EU. However the sanctions ... More >>
Caution likely as investors await developments in Crimea
Monday, 17 March 2014, 12:04 pm | CMC Markets
The stock market looks likely to start the week with a soft tone. Investors are likely to follow the US lead, taking a cautious approach ahead of the West’s diplomatic response to the situation in Crimea. The nature of any sanctions announced will be ... More >>
Qantas report A$235M Net Loss and to axe 5000 jobs
Thursday, 27 February 2014, 12:37 pm | CMC Markets
The Dow Jones has added 18.75 points overnight and the S&P500 has closed flat adding 0.04 of a point. US New homes sales increased to the highest level since 2009 at 468,000 seasonally adjusted rate, causing stocks to erase earlier intra-session losses ... More >>
Poor employment numbers rattle the Aussie Dollar
Thursday, 13 February 2014, 6:47 pm | CMC Markets
15:02 AEST, Thursday 13 February 2014 Poor employment numbers rattle the Aussie Dollar and keep stocks in limbo By Betty Lam (Sales Trader, CMC Markets) Exhibiting signs of exhaustion, the Aussie market took some time to wipe the sweat off its brow ... More >>
Yellen’s remarks create urgency for stock market buyers
Wednesday, 12 February 2014, 11:40 am | CMC Markets
By Ric Spooner (Chief Market Analyst, CMC Markets) While Janet Yellen’s remarks last night were very much in line with expectations, the timing was a happy coincidence for stock market bulls. By yesterday’s close, the S&P/ASX 200 index had risen ... More >>
Stock market takes a breather while Aussie dollar gets going
Wednesday, 5 February 2014, 12:38 pm | CMC Markets
09:30 AEST, Wednesday 5 February 2014 By Ric Spooner (Chief Market Analyst, CMC Markets) The stock market looks set for a steady day as world markets last night took a breather from the previous day’s heavy selling. The rally in risk markets ... More >>
