INDEPENDENT NEWS

HiFX morning Update, February 18 2019

Published: Mon 18 Feb 2019 08:19 AM
The NZDUSD opens at 0.6855 (mid-rate) this morning.
Risk appetite increased further on Friday following positive comments from President Trump at the conclusion of last weeks’ China-US trade talks. Trump said the negotiations in Beijing were going "extremely well" and his Chinese counterpart Xi Jinping announced the talks would continue in Washington this week. Trump went on to say “it would be my honour” to remove the tariffs if a deal was done and that there was a "possibility" he would extend the March 1st deadline if a deal was close.
The USD retreated off its highs late on Friday after President Trump carried out his threat and declared a national emergency on border security.
Prior to this announcement the USD was once again pushing higher after the University of Michigan released its preliminary consumer sentiment report for February. The report has the index rebounding to 95.5 well ahead of the forecast 93.0 after plummeting to 91.2 in January.
The British pound rose sharply on Friday night after the Office for National Statistics retail sales report for the month of January showed retail sales rebounded strongly. Following on from December’s 0.7% decrease January’s sales surged 1.0%. economists had expected sales to increase by 0.2%.
An absence of economic data along with the US President’s day holiday is likely to lead to a subdued start to the trading week.
Global equity market closed out the week mixed, - Dow +1.74%, S 500 +1.08%, FTSE +0.55%, DAX +1.89%, CAC +1.79%, Nikkei -1.13%, Shanghai -1.37%.
Gold prices edged higher on Friday, up 0.5% closing out the week at $1,321 an ounce. WTI Crude Oil prices closed near 3-month highs on Friday rising 2.8% closing out the week at $55.98 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
Contact HiFX
Facebook:
Linkedin:
https://www.linkedin.com/company/hifx-new-zealand

Next in Business, Science, and Tech

Damning report warns environment in serious trouble
By: RNZ
PGF backing growth in Gore
By: New Zealand Government
Cigarette price rise offsets cheaper petrol
By: Statistics New Zealand
MBIE reinstates Fuji Xerox as a government supplier
By: BusinessDesk
Nine top environmental issues facing New Zealand
By: Statistics New Zealand
The state of Aotearoa's environment - Expert Reaction
By: Science Media Centre
Environment report reinforces need for Government’s plan
By: New Zealand Government
Proposed ETC improvements attract support
By: New Zealand Government
State of Environment report highlights need for better data
By: Minter Ellison Rudd Watts
State of Environment report reveals NZ’s dirtiest industry
By: Greenpeace New Zealand
Environment Report highlights seafood industry's improvement
By: Seafood New Zealand
Seafood sustainability improves
By: Deepwater Group
Action must follow damning environment report
By: Forest And Bird
National environmental snapshot sobering reading
By: Hawkes Bay Regional Council
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media