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Exchange Rates updated 19/10/2017 8:53:04 a.m.

Euro

EUR/USD 1.1789
EUR/GBP 0.8931
EUR/AUD 1.5028
EUR/NZD 1.6498
EUR/JPY 133.1951
EUR/CAD 1.4702
EUR/SGD 1.5997
EUR/CHF 1.1564
EUR/HKD 9.2130
EUR/THB 39.0900
EUR/ZAR 16.0100
EUR/DKK 7.4430
EUR/SEK 9.6060

Rates are indicative only and indicate a midpoint between buy and sell prices

Stocks

All Ord 5954
DOW 23171
NASDAQ 6632
FTSE 7507
NZSE 8115

Commodities

Gold 1281
Oil 52

Commentary

The Dow surged again, after Treasury Secretary Mnuchin commented on the impact of tax reform on the stock market. He made the simple observation that the bull run was dependent on the tax legislation passing Congress and failure to progress would see a sharp reversal. This was a statement of the blindingly obvious, but sets out in black and white, the consequences of failure to legislate. Pressure will build on lawmakers as investors seek to ensure extension of the rally. Currencies were steady, with the EUR trading 1.1800, while the GBP regained 1.3200. European markets await the Catalan Independence outcome and the UK continues to trade around Brexit negotiations. The AUD trades below 0.7850, while the NZD drifts back towards 0.7100, unsettled by the lack of Government. No Government has yet to be determined, as the soap opera surrounding the formation of Government continues, creating uncertainty which is kryptonite to markets.

Headlines

16/10 UK House Prices, NZ Dairy Auction, China CPI/PPI, Japan Industrial Production, EU Trade, Empire State Manufacturing

17/10 NZCPI, Australia Consumer Confidence, Australia New Vehicle Sales, UK CPI, UK House Price Index, EU CPI, German/EU ZEW Economic Sentiment, EU CPI, US Manufacturing/Industrial Production

18/10 UK Jobless Claims, UK Employment, EU Construction, US Weekly Mortgage Applications, US Housing Starts, US Building Permits

19/10 Australia Employment, China GDP, China Retail Sales, China Industrial Production, UK Retail Sales, US Weekly Jobless Claims, Philly Fed Survey

20/10 NZ Migration, NZ Credit Card Spending, EU Current Account, US Existing Home Sales

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The details expressed in this website and accompanying documents or transmissions are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Collinson Forex Ltd accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site.