Scoop has an Ethical Paywall
HiFX Morning Update, December 8, 2017
HiFX Morning Update, December 8, 2017
The NZDUSD opens
at 0.6846 (mid-rate) this morning.
The NZDUSD has traded a 90 point or 1.3% range this week and opens this morning modestly lower than Monday’s open.
The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting a rapid tightening of the labor market. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 236,000 for the week ended Dec. 2. Economists polled by Reuters had forecast claims rising to 240,000 in the latest week.
In October 2017, German Industrial production was down by 1.4% from the previous month on a price, seasonally and working day adjusted basis. French Trade Balance was worse than expected at +5.0 Billion. The market was expecting a deficit of 4.7 Billion. However the NZDEUR is down 0.4% from yesterday.
Swiss unemployment was confirmed at 3.0%. Compare that with NZ’s 4.6% unemployment and the US’s 4.1% unemployment.
Major Data releases overnight tonight we have US Non-Farm Employment change, US Unemployment rate, US Average Hourly Earnings, and UK Manufacturing Production.
Global equity markets are mixed: Dow +0.45%, S&P 500 +0.35%, FTSE -0.37%, DAX +0.36%, CAC +0.18%, Nikkei +1.45%, Shanghai -0.67%.
Gold prices plunged 1.3% or $16 down to $1,251 an ounce. WTI Crude Oil prices have fallen 0.4%, trading at $56.67 a barrel.
ends
HiFX
International Payments Expertly Done
HiFX is one of the largest foreign exchange and international payment specialists in the world, managing over $30 billion on behalf of over 100,000 clients worldwide every year.
Large enough to undertake the biggest transactions, yet small enough to care about each and every one – send and receive overseas payments and manage your account anytime, anywhere. HiFX gives you the flexibility you need to transfer money quickly and easily via a secure online platform 24 hours a day, seven days a week - making moving money as easy as 1,2,3.
HiFX Ltd ABN 54 106 779 953/ AFSL No 240914
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
