INDEPENDENT NEWS

HiFX morning Update, February 21 2019

Published: Thu 21 Feb 2019 08:38 AM
NZDUSD 0.6875 -0.1%
NZDEUR 0.6049 -0.3%
NZDGBP 0.5258 -0.2%
NZDJPY 76.07 0.0%
NZDAUD 0.9579 -0.2%
NZDCAD 0.9045 -0.5%
GBPNZD 1.9019 0.2%
Investors remain cautious as trade talks between China and the US continue and as such both currency and equity markets have lacked direction and traded tight ranges so far this week.
This morning investors will look to the release of the Minutes of the Federal Open Market Committee (FOMC) January meeting for guidance. Following the Fed’s dovish tone investors will look for more details on the Fed’s plan for reducing the $4 trillion in bonds on their balance sheet as well as clues as to whether FOMC voting members see the rate hike cycle as essentially complete or if they still expect further rate hikes later in the year.
Today UK Prime Minister Theresa May is scheduled to meet with EU Commission chief Jean-Claude Juncker in Brussels for further “Brexit” negotiations amid turmoil within her own government after 3 conservative MP’s defected to the new pro remain Independent Group.
The EUR is down against the majors after the ECB’s chief economist Peter Praet suggested that a new round of Targeted Long-Term Refinancing Operation could be discussed as early as the March meeting. Mr Praet indicated that "the discussion will come very soon in the Governing Council," although it is unlikely that any decisions will be made at that time.
Global equity markets are inching higher, - Dow +0.05, S 500 +0.11, FTSE +0.69%, DAX +0.82%, CAC +0.69%, Nikkei +0.60%, Shanghai +0.20%.
Gold prices are marginally higher, up 0.3% at $1,344 an ounce. WTI Crude Oil prices are up 1.7% trading at $57.29 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

General Practices Begin Issuing Clause 14 Notices In Relation To The NZNO Primary Practice Pay Equity Claim
By: Genpro
Global Screen Industry Unites For Streaming Platform Regulation And Intellectual Property Protections
By: SPADA
View as: DESKTOP | MOBILE © Scoop Media