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

Exchange Rates updated 21/10/2014 1:28:44 p.m.

New Zealand

NZD/USD 0.7961
NZD/GBP 0.4923
NZD/EUR 0.6219
NZD/AUD 0.9065
NZD/JPY 85.2210
NZD/CAD 0.8988
NZD/SGD 1.0122
NZD/CHF 0.7513
NZD/HKD 6.1824
NZD/THB 25.7494
NZD/ZAR 8.8000
NZD/DKK 4.6402
NZD/SEK 5.7218

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

Stocks

All Ord 5307
DOW 16367
NASDAQ 4302
FTSE 6267
NZSE 5198

Commodities

Gold 1246
Oil 83

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

Markets were mixed overnight, although all of the bad news that was there over the last few weeks, is still there! European markets were lower, as was the Dow, but the Nasdaq and S&P tried to push in to the positive. The Geopolitical crises continued unabated despite the Ebola virus seemingly being temporarily contained. IBM is a major component of the DOW and shares plunged to open the week, struggling to cope with technological advances, being left behind by the likes of Google and Co. Apple, conversely, jumped ahead of earnings released after the close. The Dollar continued to retreat under the expected extension of the Fed's QE. The EUR moved to 1.2800, while the GBP booked further gains, to trade 1.6160. Commodity prices remain weak, but the flagging reserve boosted the AUD back towards 0.8800 and the KIWI to 0.7950, despite a fall in consumer confidence. Central Bank speculation and commentary remain the primary market determinant although Geopolitical surprises remain a constant risk. The NZD currently trades 0.6200 and 0.4905 against the EUR and GBP. The big winner overnight was the NZDJPY cross, tempering around the 85.00 figure and looks to be good buying. These improvements for the NZD could be short lived and any buy side transactions in foreign currency should be looked at today to take advantage of these gains. Pressure still remains on the downside for the KIWI and market conditions do not suggest improvement. Those who wait and are greedy could get burned.

Headlines

20/10 NZ Consumer Confidence, German PPI, EU Current Account

21/10 NZ Migration, Australia Consumer Confidence, RBA Minutes, China Retail Sales, China Industrial Production, China GDP, EU Debt/GDP, US Existing Home Sales

22/10 Australia Leading Index, Australia CPI, Bank of England minutes, US Weekly Mortgage Applications, US CPI

23/10 NZ CPI, Australia Business Confidence, China Manufacturing PMI, German/EU Maunfacturing and Services PMI, UK Retail Sales, Chicago Fed National Activity Index, US Weekly Jobless Claims, US House Price Index, US manufacturing PMI, US Leading Index, EU Consumer Confidence, Kansas City Fed Manufacturing Activity

24/10 NZ Trade Exports/Imports, German Consumer Confidence, UK GDP, US new Home Sales

Your Comments/Questions

Collinson contact form

(required)
(required)
(required)
(required)
(required)
(required)

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.