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

Exchange Rates updated 26/10/2014 10:53:23 a.m.

New Zealand

NZD/USD 0.7845
NZD/GBP 0.4872
NZD/EUR 0.6189
NZD/AUD 0.8920
NZD/JPY 84.9383
NZD/CAD 0.8813
NZD/SGD 1.0009
NZD/CHF 0.7469
NZD/HKD 6.0921
NZD/THB 25.4542
NZD/ZAR 8.5903
NZD/DKK 4.6152
NZD/SEK 5.6959

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

Stocks

All Ord 5373
DOW 16507
NASDAQ 4397
FTSE 6400
NZSE 5280

Commodities

Gold 1244
Oil 81

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

European equities suffered under the pressure of rumoured failure of some bank 'stress tests' and fear over the spread of Ebola. The EU meeting managed to accomplish a big new deal on climate change which will commit their citizens to even higher energy costs and their industries to greater input costs. The EU is already losing its competitiveness so this should really help future prospects. The important achievement is they ramp up taxation for a cause celebre!? The other important issue, was the imposition of retrospective fines for the member nations who have improved their economies, to be spread amongst the disfunctuional failing members. This is symptomatic of the failed socialist European States and an indictment of the EU/ECB. The EUR traded 1.2670, while the GBP traded below 1.6100, with the release of a contracting GDP growth number. The US shrugged off the negative sentiment of Europe, despite an Ebola outbreak, and a terror attack in the 'Big Apple'! Equities ralled for a strong close to another tumultuous week. The coming week will focus on Geopolitical issues of terror, desease,war ...shades of the apocalypse. Markets will look at growth through GDP numbers and inflation while remaining alert to Central Bank activity from the Fed and RBNZ.

Headlines

27/10 German IFO Business Climate Report, US Services and Composite PMI, US pending Home Sales, Dallas Fed Manufacturing Activity Report

28/10 Australia Consumer Confidence, German Retail Sales, US Durable Goods Orders, S&P Case-Shiller Home Price Index, US Consumer Confidence

29/10 Japan Industrial Production, China Leading Index, US Weekly Mortgage Applications, FOMC Rate Decision

30/10 RBNZ Rate Decision, US New Home Sales, German Employment, EU Economic Confidence, EU Consumer Confidence, US GDP, US Weekly Jobless Claims, German CPI

31/10 NZ Building Permits, Japan Employment, Bank of japan Monetary Policy Statement, Italy Employment, EU Employment, EU CPI, US Employment, US Personal Income/Expenditure, China PMI, University of Michigan Confidence

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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.