Contact Us: NZ: 0800 338 838 US: 1888 6257 833 UK: 0800 0285 834 AU: 1800 143 415

Exchange Rates updated 27/04/2015 1:25:59 p.m.

New Zealand

NZD/USD 0.7603
NZD/GBP 0.5005
NZD/EUR 0.6993
NZD/AUD 0.9710
NZD/JPY 90.5126
NZD/CAD 0.9253
NZD/SGD 1.0133
NZD/CHF 0.7250
NZD/HKD 5.8993
NZD/THB 24.7998
NZD/ZAR 9.2246
NZD/DKK 5.2245
NZD/SEK 6.5736

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

Stocks

All Ord 5820
DOW 18059
NASDAQ 5056
FTSE 7054
NZSE 5758

Commodities

Gold 1195
Oil 58

New Zealand

nz

Collinson Forex Ltd

Phone 0800 338 838
Overseas +649 358 3636

For 24 hour GT platform support please call Neven Fisher on:

+64 9 918 8312

Commentary

The chains on the NASDAQ appear to have been broken and investors are pouring in! The dot.com era highs have been bettered and reckless confidence abounds. Central bank monetary policy has been extremely accommodative globally and the liquidity must repair somewhere!? Economic data has been weak, earnings have been ok but corporate revenue has been disappointing. US Markets have been hit by weak economic data, allowing the Fed to defer any thoughts of raising interest rates, thus curbing the Dollar rally. The GBP has surged to 1.5180, reflecting the relative economic advantage of non-membership of the EUR, supporting independent monetary policy. The EUR has moved up to 1.0850, as an expression of the flagging reserve, which has also manifested in commodity prices. This has impacted the associated currencies and revived them, despite indications from both the RBA and RBNZ, that they will join the currency wars. The AUD has consolidated above 0.7800, with reasonable inflation data, confirming growth and allowing a recovery ahead of the next RBA meeting. The RBNZ has heralded a reversal in monetary policy, from the tragically misguided temporal order, to a conforminty with all major developed economies. This has hit the KIWI over the last few days, falling to 0.7600, despite the reserve weakness. The parity call, with major trading partner Australia, has once again be avoided but interest rate differentials will impact over time unless a surprise 1/2% cut is made this week!?

Headlines

27/4 US Composite PMI, Dallas Fed Manufacturing Activity Index, China Industrial Profits

28/4 ANZ Consumer Confidence, Japan Retail Sales, German import Price Index, China Leading Index, German Retail Sales, UK GDP, S&P Case-Shiller Home Price Index, US Consumer Confidence, Richmond Fed Manufacturing Index

29/4 NZ Trade Importds/Exports, UK Home Prices, NZ Business Confidence, China Consumer Sentiment, German Consumer Confidence, EU Consumer Confidence, US Weekly Mortgage Applications, German CPI, US GDP, US Pending Home Sales, FOMC Rate Decison

30/4 RBNZ Rate Decision, NZ Building Permits, Japan Industrial Profits, German Employment, Italy Employment, EU Employment, EU CPI, US Personal income/Expenditure, US Weekly Jobless Claims, Chicago PMI

1/5 Australia Manufacturing PMI, Japan CPI, Japan Employment, OECD Economic Report, China Manufacturing PMI, China Non-Manufacturing PMI, Australia PMI, Australia Commodity Index, US Manufacturing PMI, ISM Manufacturing, Universty of Michigan Confidence

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Disclaimer

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.