User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday April 11, 2006 - 23:14:24 GMT
Westpac Institutional Bank - www.westpac.co.nz

Share This Story:
| | Email

Forex: Westpac Institutional Bank Morning Report

New Zealand Dollar QSBO paints grim picture
Yesterday’s QSBO business survey did little to help the NZD. While the headline number improved, the broad picture was grim. Firms’ assessment of their own activity suggests the economy is in recession. The market took some time to digest the contents of the survey before selling the currency down to yesterday’s low of 0.6061. The NZD strengthened alongside the AUD in the afternoon to recover its losses, and after a quiet overnight session we open around 0.6115.

Australian Dollar: AUD rides uridashi rollercoaster
The AUD was under pressure yesterday amid fears that this month’s A$2.25b maturities would swamp the pitiful issuance seen so far. But with a rate hike now 100% priced in, and the announcement of an A$656m uridashi, the AUD rallied and managed to crack the 0.7300 level. AUD remained quietly bid during the overnight session and opens around 0.7340 this morning.

Major Currencies: Iran nuclear rumours hurt USD
Z Tuesday was a quiet data day around the world so the market focused on interest rate expectations and geopolitical risk. The market has adjusted its view on both the ECB’s and the Federal Reserve’s future rate hikes. The next ECB rate hike has been brought forward to June and there were question marks around how many more hikes will come from the Fed. More rumours of Iran enriching their uranium stocks to produce nuclear weapons caused a safe haven rally. The USD was sold across the board, the euro rallied throughout the day from 1.2090 to 1.2143 and tests higher as we go to print. Sterling rallied steadily off 1.7418 up to 1.7490 where we open this morning. The yen was a little more volatile, weakening against the dollar from 118.26 to 118.90 but recovered to take USD/JPY back down to the low at 118.25.

Bank of Japan leaves policy unchanged. The Bank announced that they would endeavour to keep the uncollateralised call rate at effectively zero percent for the inter-meeting period. CABs are no longer mentioned in the decision. That reinforces the view that excess reserves will be wound back in a no-nonsense fashion through bill rolloffs, with the bulk of the work coming this month and next. The next installment in this saga comes this Friday when the minutes to the landmark meeting of March 8 and 9 are scheduled for release.

German ZEW analysts relatively downbeat. In contrast to the air of quiet confidence in the European economy the ECB, for example, gives off, the 300+ German analysts and economists that ZEW surveyed beg to differ. In April, for the third month in a row, analysts downgraded their expectations for the German economy (to 62.7 from 63.4) and the Eurozone as a whole (to 58.7 from 61.1). However, the current situation result continued to improve, even though recent German data haven’t been overly robust. Still their remains a noticeable contrast between the analysts’ view forward and the businesses surveyed in the Ifo measure.

Canadian house price growth historically high. House prices continued to rise steadily, up 0.7% m/m in Feb. Annual growth has now accelerated to 7% and you have to go back to 1990 to find faster growth. It is a regional phenomenon as energy companies facing worker shortages lure in workers – alleviating localised shortages in the labour market but creating them in housing. Another reason to expect further action from the Bank of Canada.

UK Feb goods trade deficit much larger than expected. The deficit hit £6.5bn, following substantial historical revisions that put January’s deficit up £800mn to a little over £6.5bn.

Events Today
Country Release Last Forecast
Aust Apr WBC-MI Consumer Sentiment 1.3%
US Feb Trade Balance USDbn –68.5 –67.0
Mar Budget Balance USDbn –71.2 –71.2
Jpn Mar M2+CD Money Supply %yr 1.7% n/f
Mar Bank Lending %yr 0.2% 0.5%
Feb Current Account ¥bn 1494 1600
Eur Q4 GDP %qtr (F) 0.3%a 0.4%
ECB Monthly Bulletin
Ger Mar CPI Harmonised %yr (F) 1.9% 1.9%
UK Unemployment Rate 2.9% 2.9%
Can Feb Merchandise Trade CADbn 6.3 6.2

Latest Research papers/Publication
• NZ Q1 QSBO Review (11 April)
• NZ Q1 CPI Preview (11 April)
• NZ Weekly Forex Outlook (10 April)
• NZ Interest Rate Strategy Weekly (10 April)
• NZ Q1 Employment Confidence Index (5 April)
• Exchange rate impact on inflation (3 April)
• NZ Weekly Forex Outlook (3 April)
• NZ Interest Rate Strategy Weekly (3 April)
• A dry wake (31 March)
• NZ Q1 Consumer Confidence (29 March)
These papers/publications are available on Online Research on
Westpac Institutional Bank’s website (www.wib.westpac.co.nz)

Westpac Banking Corporation ABN 33 007 457 141 incorporated in Australia (NZ division). Information current as at 24 May 2005. All customers please note that this information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs. Australian customers can obtain Westpac's financial services guide by calling +612 9284 8372, visiting www.westpac.com.au or visiting any Westpac Branch. The information may contain material provided directly by third parties, and while such material is published with permission, Westpac accepts no responsibility for the accuracy or completeness of any such material. Except where contrary to law, Westpac intends by this notice to exclude liability for the information. The information is subject to change without notice and Westpac is under no obligation to update the information or correct any inaccuracy which may become apparent at a later date. Westpac Banking Corporation is regulated for the conduct of investment business in the United Kingdom by the Financial Services Authority. © 2004 Westpac Banking Corporation. Past performance is not a reliable indicator of future performance. The forecasts given in this document are predictive in character. Whilst every effort has been taken to ensure that the assumptions on which the forecasts are based are reasonable, the forecasts may be affected by incorrect assumptions or by known or unknown risks and uncertainties. The ultimate outcomes may differ substantially from these forecasts.

 

Forex Trading News

Forex Research

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 here.

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.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 16 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Mon 16 Oct
01:30 CN- CPI
21:45 NZ- CPI
Tue 17 Oct
08:30 GB- CPI
09:00 DE- ZEW Survey
09:00 EZ- Final HICP
Wed 18 Oct
12:30 US- Housing Starts & Permits
14:30 US- EIA Crude
Thu 19 Oct
01:30 AU- Employment
08:30 GB- Retail Sales
12:30 US- Weekly Jobless
Fri 20 Oct
12:30 CA- Retail Sales & CPI
14:00 US- Existing Homes Sales

Forex Trading Outlook


Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH Tue-- 08:30 GMT GB- CPI top tier confirmation of Inflation.

  • POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT DE- ZEW Survey second most important German monthly Survey.

  • POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT EZ- final HICP revision to flash report. Revisions are usually minor.

  • POTENTIAL PRICE RISK: Medium Tue-- 13:15 GMT US- Industrial Production. Top output indicator.



  • POTENTIAL PRICE RISK: Medium Wed-- 12:30 GMT US- Housing Starts and Permits revision to flash report. Useful housing leading indicator.

  • POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top WTI inventory measure.



John M. Bland, MBA
co-founding Partner, Global-View.com

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

Retail Forex Brokerage Changing!

Are you 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.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

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.

Forex News

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

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.

Forex Brokers

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 Trading

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.

FX Trading

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.

Forex Blog

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.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105