HiFX Morning Update, June 30 2016

HiFX Morning Update, June 30 2016

NZDUSD 0.7115 1.1%
NZDEUR 0.6405 0.8%
NZDGBP 0.5296 0.4%
NZDJPY 73.06 1.0%
NZDAUD 0.9568 0.3%
NZDCAD 0.9233 0.6%

The NZDUSD opens at 0.7115 (mid-rate) this morning.

Global sentiment continued to improve overnight, Gold and Oil are up, U.S. Consumer spending and sentiment rise, U.S. new home sales are up, but U.S. used home sales are down and the Kiwi is up over 1% from this time yesterday.

After steadily increasing for three straight months, U.S. pending home sales letup in May and declined year-over-year for the first time in almost two years. The Pending Home Sales Index, a forward-looking indicator based on contract signings, slid 3.7%.

For the second straight month the U.S. Consumer Spending rose in May on increased demand for cars and other goods. The consumer sentiment seemed to suggest the Brexit impact in North America will be minimal. The Index now stands at 98.0, up from 92.4 in May.

U.S. National Home Price Index, covering all nine U.S. census divisions, reported a 5.0% annual gain in April, down from 5.1% the previous month. The 10-City Composite posted a 4.7% annual increase, down from 4.8% in March

Global equity markets are sharply higher overnight : Dow +1.53%, S&P 500 +1.71%, FTSE +3.58%, DAX +1.75%, CAC +2.60%, Nikkei +1.59%, Shanghai +0.65%.

Gold prices are up$11 or 0.8% trading $1,323 an ounce, WTI Crude Oil is sharply higher currently up 3.6% trading at $49.56 a barrel.

ends

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