HiFX Morning Update, January 15 2016

HiFX Morning Update, January 15 2016

NZDUSD 0.6474 -0.9%
NZDEUR 0.5963 -0.8%
NZDGBP 0.4490 -0.4%
NZDJPY 76.51 -0.6%
NZDAUD 0.9264 -1.2%
NZDCAD 0.9297 -0.7%

The NZDUSD opens at 0.6474 (mid-rate) this morning.

The NZD has continued lower across the board, most noticeably against the AUD after yesterday’s Employment data.

Australia’s employment report showed that 1,000 less people were employed than the previous month, but that was better than the market consensus of 11,000. The Unemployment rate was the same at 5.8% although the market had expected the rate to increase to 5.9%. Participation rate was 65.1%.

At its meeting ending on 13 January 2016, the Bank of England’s Monetary Policy Committee voted by a majority of 8-1 to maintain Bank Rate at 0.5%, minutes from the meeting showed overnight.

A report from the US Labour Department showed the number of applications for unemployment benefits unexpectedly increased last week, a sign the labour market momentum may be starting to cool. US Initial jobless claims rose by 7,000 to 284,000 in the week ended Jan. 9, the second-highest level since July.

German Wholesale prices, a leading indicator of consumer inflation, down 1.2% on an annual average in 2015 from 2014

Global equity markets remain mixed : Dow +1.72%, S&P 500 +1.75%, FTSE -0.72%, DAX closed, CAC -1.80%, Nikkei -2.68%, Shanghai 1.97%.

Gold prices are currently down $17 at $1073 an ounce, WTI Crude Oil is still holding above $30 a barrel currently up 0.1% at $30.48 a barrel.

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