User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday April 18, 2007 - 22:21:09 GMT
Westpac Institutional Bank -

Share This Story:
| | Email

Forex Market News - Westpac Institutional Bank Morning Report

New Zealand Dollar NZD trades to post float highs following CPI
Yesterday morning the NZ Q1 Consumer Price Index was released with a headline number of 0.5% for the quarter. This saw an initial sell off in the NZD as expectations were for 0.6%. These losses were quickly reversed when the non tradable inflation figures printed higher than expectations, which is what the Reserve Bank has been monitoring closely. The NZD climbed to post float highs of 0.7493 and remained buoyant for the remained of the day before been sold back to a low of 0.7382 overnight on rumours of a carry trade unwind. This morning sees the NZD fully recovered to open around 0.7470.

Australian Dollar: AUD nears in on 84 cents
The AUD was relatively quiet in yesterday’s local session with a lot attention on NZ CPI data. The only data out of Australia yesterday was the Westpac consumer sentiment survey which showed sentiment fell 0.2% in April. A narrow range was traded during the day of 0.8357-.8374 with the rumours out of Japan of a carry trade unwind overnight causing the AUD to plummet to a low of 0.8315. The AUD has however recovered back to new highs this morning of 0.8385.

Major Currencies: Carry on, carry trade
The USD took another beating yesterday with all the major currencies managing to make gains against the ‘big dollar’. Negative USD sentiment and potential interest rate hikes in Europe and Asia-Pacific meant further demand for the high yield currencies and, by consequence, most major currencies posted further gains. The euro posted a 30-month high and the Sterling, already at a 26 year high, rallied to 2.0134. Recent USD strength against the Japanese yen subsided on Wednesday, USD/JPY trading at 118.11 a two-week low. Markets now focus on the host of US economic data out today and the monetary policy implications for high yield currencies over the coming days.

No major US data.

UK labour market report for Feb/Mar. Unemployment fell for the six month running in March on the benefit claimant measure (–9k). However the broader household survey, which also captures those looking for work but who don’t qualify for the dole, such as recent immigrants, rose 21k in the three months to February (the latest available). The same survey also showed employment falling in that period, by 47k. Given these developments, the relatively subdued 3.6% yr growth rate for core earnings in Feb is no surprise. True, this year’s bonus payments, especially in the City, lifted total earnings growth to 4.6% yr (and will be supportive of consumer spending), but it is the core earnings growth rate that feeds into the Bank of England’s medium term inflation projections. So a mixed report that does not really add to the already near-certain case for a May rate rise.

The minutes to the April Bank of England monetary policy committee meeting showed a 7:2 vote with the dissenters to the on hold decision favouring a rate rise. The American on the committee who voted for a rate cut in March sided with the majority in April, whereas the two hawks who voted for a hike back in February renewed their call. What’s more, the on-hold voters noted that “any change would be better explained in the context of the May inflation report” which suggests that even before this week’s jump in CPI inflation, a May rate rise was on the cards.

Events Today
Country Release Last Forecast
Aus Mar Merchandise Imports, AUDbn 14.1 n/f
Apr MI Inflationary Expectations 3.2% n/f
US Initial Jobless Claims w/e 14/4 342k 330k
Mar Leading Indicator -0.5% 0.1%
Apr Philadelphia Fed Index 0.2 4.0
Fedspeak: Yellen
Jpn Feb Tertiary Activity Index 1.6% -0.4%
Eur Apr ECB Bulletin
Ger Mar Producer Prices %yr 2.8% 2.7%
Can Mar Consumer Price Index %yr 2.0% 2.2%
Mar CPI BoC Core 2.4% 2.3%
Feb Wholesale Sales -0.5% 0.1%

Latest Research papers/Publication
• NZ Q1 CPI Review (18 April)
• Crouch, touch, pause, then engage (16 April)
• NZ Weekly Forex Outlook (16 April)
• NZ Economic Overview April 2007 (12 April)
• NZ Q1 CPI Preview (12 April)
• NZ Q1 QSBO Review (10 April)
• NZ Weekly Forex Outlook (10 April)
• Would you like fries with that? (5 April)
• NZ Q1 Employment Confidence Index (4 April)
• NZ Weekly Forex Outlook (2 April)
• NZ Q4 GDP Review (30 March)
These papers/publications are available on Online Research on Westpac
Institutional Bank’s website (

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 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."

Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 9 July 2018
AA 12:00 EZ- Draghi EU Parliament Testimony
Tue 10 July 2018
AA 08:30 GB- Ind/Prod Output, Trade
AA 09:00 DE- ZEW Survey
Wed 11 July 2018
A 12:30 US- PPI
A 14:00 CA- Bank Of Canada Decision
A 14:30 US- EIA Crude
Thu 12 July 2018
AA 12:30 US- CPI
Fri 13 July 2018
A 14:00 US- Prelim University of Michigan
John M. Bland, MBA
co-founding Partner,

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.

Contact us

Start trading with forex broker Markets Cube

Max McKegg's Daily Forex Trading Forecasts

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.

Request a TRIAL of Max's Forex Service.


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

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 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 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.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

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