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

Exchange Rates updated 1/08/2014 5:41:29 p.m.

New Zealand

NZD/USD 0.8488
NZD/GBP 0.5027
NZD/EUR 0.6339
NZD/AUD 0.9135
NZD/JPY 87.4488
NZD/CAD 0.9267
NZD/SGD 1.0598
NZD/CHF 0.7715
NZD/HKD 6.5852
NZD/THB 27.3790
NZD/ZAR 9.1019
NZD/DKK 4.7323
NZD/SEK 5.8608

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

Stocks

All Ord 5623
DOW 16589
NASDAQ 4372
FTSE 6730
NZSE 5168

Commodities

Gold 1284
Oil 98

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 9312

Commentary

'Bad news has been good news' for equities because the markets were so utterly distorted by the Fed and other collaborative Central Banks. The Massive expansion of Monetary Policy, in the name of economic stimulus to correct the economic crises, may be coming to an end and this has triggered the latest sell-off in equities. Has the bubble burst? Perhaps although the Fed continues QE Infinity and their balance sheet is beyond all records. 'One swallow does not a summer make'! The 4% second quarter GDP number was a welcome rebound from the first quarter contraction but confirmation of the recovery must come in the form of supportive economic data. The DOW crashed overnight and was reflected in the European bourse. The Dollar remained steady with the EUR 1.3390 and the GBP 1.6885. Commodities were hit overnight and associated currencies suffered accordingly. The AUD is now testing 0.9300 on the downside, while the KIWI is attempting to hold 0.8500. Non-Farm Payrolls tonight will control the equity markets as a solid number will further spook markets dependent on the Fed's sugar!

Headlines

28/7 US Composite PMI, US Pending Home Sales, Dallas Fed Manufacturing Activity, Japan Employment, Japan Retail Trade

29/7 UK House Prices, Australia New Home Sales, S&P Case-Shiller Home Price Index, US Consumer Confidence

30/7 NZ Building Permits, Japan Industrial Production, FOMC Meeting, EU Economic/Industrial/Consumer Confidence, US Weekly Mortgage Applications, German CPI, ADP Private Sector Jobs Report, US GDP

31/7 Australia Building Approvals, German/Italy/EU Employment, EU CPI, Challenger Jobs Report, US Weekly Jobless Claims, Chicago PMI

1/8 Australia PMI, Australia Home Prices, US New Vehicle Sales, China Manufacturing PMI, Australia Commodity Price Index, Italy/France/German/EU Manufacturing PMI, Non-Farm Payrolls, US Employment, US Manufacturing PMI, University 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.