markets were largely subdued after the New
Zealand close, with the US equity
markets again driving most of the movement. Asian equities remained largely
stable, Europe ended weaker, and the Dow Jones index
initially fell 250 points. The ensuing Dow recovery, led to mild gains in most
currencies against the USD.
slightly to around 0.56 after the Dow recovered, and is holding that level at
the time of writing. Earlier news of a NZ food price fall of 0.3% in October
had no material effect on the currency. Interest rate investor activity saw 10
year swap rates fall 20 basis points, with the yield curve flattening by 6 basis
points during the day; our steepening view remains intact.
recovery similarly helped AUD firm to almost 0.66, and EUR to 127.40.
NY Fed index slips from â€“24.6 to â€“25.4 in Nov. The EmpireState index posted
a new all time low this month (though note the survey only began in 2001). Some
of the key detail posted steeper declines than the headline, including orders,
shipments and especially jobs, which plunged from â€“4 to â€“29, adding weight to
the view that the labour market is now deteriorating rapidly.
industrial production rises 1.3% in Oct, but Sep was revised down from â€“2.8%
to â€“3.7%. The Oct rise reflected a partial bounce from the hurricane disruption
that weighed down the Sep result, however the Fed pointed out that even
excluding the tempests and the Boeing strike (which ended at the start of Nov),
production would have fallen about 0.7% over the two months. Hence the
underlying factory picture is one of contraction, broadly consistent with the message
from the business surveys.
slips into a recession. Growth contracted 0.1%qtr (0.4%saar)
following in from a revised 0.9% fall in Q2. Combined with a corresponding
contraction in the Eurozone and the US, the world
now has to suffer with the largest developed industrialised powers in a
recession. In Japanâ€™s case, this is first time since 2001 that economic output
has fallen for two consecutive quarters and was the result of weaker net
exports (â€“0.2ppt) and capital spending (â€“1.7%qtr), a sign the worldâ€™s second
largest economy has also become a victim of the global credit crisis and the
collapse in trade activity. Consumer spending did rise 0.3%qtr, more than
expected, but the seasonal factors such as a hot summer and the Olympics may
have had a role to play suggesting there is a risk consumption growth may stall
Euroland trade deficit was â‚¬5.7bn in Sep, the same as in August. Despite lower
oil prices, the deficit remains at record levels due tom weak export demand.
house prices down 2.9% in Nov. The Rightmove house price index fell sharply
this month, though the annual pace of decline of â€“7.1% yr still lags the major
lender house price series which have prices down around â€“15%yr.
the NZD to retain its weak bias, being capped at 0.58, and supported at 0.5350
- 0.5400. That support is likely to be tested during the next few weeks, given
our expectations of a 100bp cut in the OCR rate in December.
Country Release Last Forecast
18 Nov Aus
Nov RBA Board Meeting Minutes
Merchandise Imports AUDbn 21.0 â€“
Producer Prices â€“0.4% â€“2.2%
Oct PPI Core
Sep TIC Data
$bn 14.0 17.5
Housing Market Index 14 15
Leading Index %mth 0.2% â€“
UK Oct CPI %yr
19 Nov NZ Q3
Producer Output Prices 3.5% 1.5%
Input Prices 5.6% 2.0%
Westpac-MI Leading Index 2.5% â€“
â€¢ NZ Weekly
Forex Outlook (17 November)
â€¢ NZ Q3
Retail Sales Review (13 November)
Economic Overview November 2008 (11 November)
â€¢ NZ Weekly
Forex Outlook (11 November)
â€¢ NZ Weekly
Forex Outlook (4 November)
â€¢ NZ Q3 HLFS
Review (6 November)
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."
Actionable trading levels delivered to YOUR charts in real-time.
Tue 19 June 2018 A 12:30 US- House Permits/Starts Wed 20 June 2018 A 14:00 US- Existing Homes Sales A 14:30 US- EIA Crude Thu 21 June 2018 AA 11:00 GB- Bank of England Decision A 12:30 US- Weekly Jobless Fri 22 June 2018 AFlash PMIs
John M. Bland, MBA co-founding Partner, Global-View.com
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
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.