HiFX - Latest News [Page 12]
Q1 NZ Retail numbers and April Net Migration figures
Monday, 21 May 2018, 11:30 am | HiFX
Q1 NZ Retail numbers and April Net Migration figures have just been released. They came in lower than expected overall: Adjusted Retail Sales Volume (Q1) +0.1% (Consensus +1.0%) Core Retail Sale (Q/Q) +0.6% (Consensus +1.1%) Actual Q1 Retail Sales rose ... More >>
HiFX Morning Update, May 21 2018
Monday, 21 May 2018, 9:21 am | HiFX
The NZDUSD opens at 0.6919 (mid-rate) this morning. The NZD had a positive close to the week, rising against all its major rivals and closing back above 69 US cents as US Treasury yields pulled back from 7-year highs. After spiking to 3.109 late ... More >>
HiFX Morning Update, May 18 2018
Friday, 18 May 2018, 8:58 am | HiFX
The USD strengthened, and NZDUSD fell, after US bond yields (interest rates) rose to 7-year high, and amid concerns over political developments in Italy could negatively impact euro zone political stability. More >>
HiFX Morning Update, May 17 2018
Thursday, 17 May 2018, 9:41 am | HiFX
The NZDUSD opens at 0.6896 (mid-rate) this morning. The Kiwi has managed to recover some ground overnight, after setting new lows around 0.6850 in the current down-trend. More >>
HiFX Morning Update, May 16 2018
Wednesday, 16 May 2018, 8:21 am | HiFX
The NZDUSD opens at 0.6857 (mid-rate) this morning. The USD outperformed overnight as Bond prices fell and Treasury yields spiked higher, following solid economic data releases out of the US. The US Commerce Department retail sales report showed both ... More >>
HiFX Morning Update, May 15 2018
Tuesday, 15 May 2018, 8:16 am | HiFX
The NZDUSD opens at 0.6915 (mid-rate) this morning. In the absence of any notable economic data releases currency markets have had a slow start to the week with the NZD the notable underperformer. The NZD has been on the back foot since Thursday’s ... More >>
HiFX Morning Update, May 14 2018
Monday, 14 May 2018, 8:42 am | HiFX
The NZDUSD opens unchanged at 0.6966 (mid-rate) this morning. The Kiwi remains the worst performing of the G10 currencies since Friday morning, in relatively quiet trade. More >>
HiFX Morning Update, May 11 2018
Friday, 11 May 2018, 9:26 am | HiFX
The NZDUSD opens at 0.6966 (mid-rate) this morning. The Kiwi is the worst performing of the G10 currencies in the past 24 hours after then new RBNZ Governor, Adrian Orr’s first Monetary Policy Statement and Press Conference, yesterday morning. The RBNZ ... More >>
RBNZ Interest Rate Decision & Monetary Policy Statement
Thursday, 10 May 2018, 9:34 am | HiFX
The RBNZ have maintained the Official Cash Rate (OCR) at 1.75%. This was widely expected. The key points in the RBNZ statement and full monetary policy statement are: Reserve Bank of NZ Keeps Cash Rate Unchanged at 1.75% Monetary policy will remain accommodative ... More >>
HiFX Morning Update, May 10 2018
Thursday, 10 May 2018, 8:19 am | HiFX
The NZDUSD opens at 0.6985 (mid-rate) this morning. The CAD is the best performing of the G10 currencies as crude oil prices rebound from yesterday’s fall, breaking up through $71.00 a barrel. Another rise in US Treasury bond yields has seen the ... More >>
HiFX Morning Update – Trump’s Iran move
Wednesday, 9 May 2018, 9:20 am | HiFX
The NZDUSD opens at 0.6968 (mid-rate) this morning. This morning President Trump announced the US will withdraw from the Iran nuclear deal forged under the Obama administration and reinstate sanctions on Tehran which were suspended under the 2015 ... More >>
HiFX Morning Update, May 8 2018
Tuesday, 8 May 2018, 8:37 am | HiFX
The NZDUSD opens at 0.7018 (mid-rate) this morning. Currencies have been somewhat side-lined as global equity markets and oil prices push higher. Positive corporate earnings along with the weekends US jobs data have seen major averages push higher. ... More >>
HiFX Morning Update, May 7 2018
Monday, 7 May 2018, 7:59 am | HiFX
The NZDUSD opens at 0.7025 (mid-rate) this morning. Friday’s US employment data sent mixed signals to the market with the USD posting modest gains against all its rivals. The US Labour Department reported the non-farm payroll employment climbed ... More >>
HiFX Morning Update, May 4 2018
Friday, 4 May 2018, 9:48 am | HiFX
The NZDUSD opens at 0.7043 (mid-rate) this morning. The Kiwi is the best performer of the G10 currencies as the USD lost ground after yesterday morning’s Fed announcement underwhelmed the market. The NZDUSD has traded a 106 point or 1.50% range this week ... More >>
HiFX Morning Update, May 3 2018
Thursday, 3 May 2018, 8:48 am | HiFX
The NZDUSD opens at 0.6995 (mid-rate) this morning. The US Dollar Index is modestly lower following this morning’s FOMC statement. As expected the Federal Reserve voted 8-0 to keep Fed Funds steady in the target range of 1.50% to 1.75%. Those investors ... More >>
HiFX Data Update - NZ Q1 Employment Release
Wednesday, 2 May 2018, 11:58 am | HiFX
The NZ Employment numbers for Q1 have just been released. They came in close to expectations overall, with the unemployment rate at a fresh 9-year lows. NZ Employment data for Q1 was: - Employment (Q/Q) 0.6% (consensus 0.6%) - Employment (Y/Y) 3.1% ... More >>
HiFX Morning Update, May 2 2018
Wednesday, 2 May 2018, 9:39 am | HiFX
The NZDUSD opens at 0.6995 (mid-rate) this morning. The USD continues to climb ahead of tomorrow morning's FOMC monetary policy statement. The US Dollar index (DXY) which measures the value of the USD against a basket of currencies, is threatening to break ... More >>
HiFX Morning Update, May 1 2018
Tuesday, 1 May 2018, 8:37 am | HiFX
The NZDUSD opens at 0.7039 (mid-rate) this morning. The USD strengthened further overnight as the Core PCE index, the Federal Reserve’s preferred inflation measure, printed in line with economists’ forecasts. Consumer prices as measured by the ... More >>
HiFX Morning Update, April 30 2018
Monday, 30 April 2018, 8:31 am | HiFX
The NZDUSD opens at 0.7082 (mid-rate) this morning. US economic growth continues to slow, but not as fast as economists had predicted. On Friday the Commerce Department announced GDP increased by 2.3% in Q1 following on from a 2.9% jump in Q4. Economists ... More >>
HiFX Morning Update, April 27 2018
Friday, 27 April 2018, 8:55 am | HiFX
The NZDUSD has traded a 158 point or 2.2% range this week. The Kiwi has broken through this year's familiar 0.7200 to 0.7400 range, and the 200 moving day average of 0.7184, to test support at 0.7050. More >>