spent a good portion of the London/NY overlap watching Fedâ€™s Bernanke and
Treasuryâ€™s Paulson explain to sceptical politicians why it was essential their rescue
plan is passed quickly with few changes. There were few other distractions and no
resolution on the day, leaving USD Index little changed to a touch firmer.
Equities started optimistically but weakened, DJIA sitting -150pts in late
trade. Financial stocks were generally soft but nowhere near as volatile as on
previous days. NZD/USD was quiet around 0.6900 until a
downturn in US equities pulled it as low as 0.6780, then returning to 0.6825.
more than a cent as the DJIA turned gains to sizeable losses, with lows under
0.8300 and late NY levels around 0.8365.
a range of roughly 1.4625 to 1.4800, sitting around 1.4700 in late NY. The
German IFO survey of business sentiment will be closely watched later today.
quieter than usual, bumping around with a 105 handle and no real direction.
US Richmond Fed
index weaker across the board in Sep. The Richmond Fed survey showed further
weakness in manufacturing, retailing and services. This contrasts with the
stronger Philly Fed factory survey released last week, possibly because more Richmond respondents
submitted their surveys in the light of last weekâ€™s financial market turmoil.
house prices fell for the fifth month running in July on the
little watched OFHEO measure, which appears to way understate the extent of
house price decline compared to the more closely watched National Association
of Realtor and S&PCase Shiller series.
weekly retail reports were soft. Chain store sales fell 1.0% in the week ended
19/9, a further decline following the hurricane impacted 1.6% fall in the prior
week. The Redbook retail average slipped from â€“1.1% to â€“1.2%.
chair Bernanke, Treasury Secretary Paulson, SEC chair Cox and Federal Housing
Finance Agency chair Lockhart were grilled by a mostly hostile SenateBanking
Committee last night regarding the proposed $700bn public fund topurchase the
toxic waste accumulated by the US banking system.
PMI advance readings soft in Sep. Both the services and factory PMIs fell
further below 50 in September, another strong signal that Euroland GDP growth will
contract in Q3, on top of Q2â€™s 0.2% pull-back from Q1â€™s growth spurt. That would,
of course, confirm that Euroland is in recession. Backing that message, French spending
figures showed a subdued consumer through the summer; and Belgian business confidence
slumped to its lowest since 2003. However there was a surprise 1% rise in Euroland
orders back in August, although the strength was concentrated in transport (so
it could be a lumpy Airbus order going through). Ex transport, ordersm fell
1.4% in August.
British Bankersâ€™ Association reported just 21.1k new mortgages in August, down from
22.5k in July and 54.6k a year earlier.
headline inflation accelerated further to 3.5% yr in Aug, despite gasoline
prices falling. The main reason was a step up in core inflation to 1.7% yr, its
highest yet this year, it remains below the mid-point of the 1-3% target band.
remains prone to US-driven volatility but our bias is towards underlying decline
ahead of what should be poor NZ GDP data on Friday. AUD/NZD remains a buy on
Strategy, 0800 922 239
contributions from Westpac Economics
â€¢ NZ Weekly
Forex Outlook (22 September)
â€¢ NZ Q2
Current Account Review (19 September)
â€¢ NZ Q2 GDP
Preview (18 September)
â€¢ NZ Weekly
Forex Outlook (15 September)
â€¢ Q2 Current
Account Preview (12 September)
â€¢ RBNZ MPS
Review (11 September)
â€¢ NZ Q2
Terms of Trade (10 September)
â€¢ NZ Agribiz
September 2008 (8 September)
papers/publications are available on Online Research on Westpac
Daily Forex Market News Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Forex News Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Actionable trading levels delivered to YOUR charts in real-time.
Mon 26 Feb 2018 A 15:00 US- New Homes Sales Tue 27 Feb 2018 A 08:55 DE- Jobless B 13:30 US- Durable Goods A 15:00 US- CB Consumer Confidence A 15:00 US- Pending Homes Sales AA 15:00 US- Powell House Testimony Wed 28 Feb 2018 A 10:00 EZ- flash HICP AA 13:30 US- GDP A 15:30 US- EIA Crude Thu 1 Mar 2018 A All Day final Mfg PMIs A 13:30 US- Weekly Jobless AA 13:30 US- Core PCE Deflator AA 15:00 US- Powell Senate Testimony A 15:30 US- EIA Crude Fri 2 Mar 2018 AA 15:00 US- final Univ of Mich
John M. Bland, MBA co-founding Partner, Global-View.com
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.
The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.
The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.
Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.
The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.
Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.
Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.
Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.
WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES
CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN
EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE
PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE
INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC
REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL
SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR
SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.