INDEPENDENT NEWS

HiFX morning Update, March 19, 2019

Published: Tue 19 Mar 2019 08:34 AM
The NZDUSD opens at 0.6848 (mid-rate) this morning.
It’s been another subdued start to the trading week with investors happy to sit on the side lines and wait for Thursday’s data deluge before positioning their books.
Market consensus is that the Federal Reserve will downwardly revise their interest rate hike projections on Thursday morning. At their December meeting the Fed’s “dot plot” which outlines where each committee member expects rates to be at the end of each year, showed members expected the Fed would hike rates another 2 times this year following on from 4 hikes in 2018. Since the December meeting and on the back of a sharp fall in headline inflation (consumer price growth has fallen to 1.5% over the past 2 months, well below its 2.0% target) the new FOMC dot-plot forecasts are now expected to indicate no further policy tightening in 2019.
The British Pound has given back some of its recent gains after UK Prime Minister Theresa May cautioned that the planned Brexit vote due later this week could be delayed. Overnight Commons speaker John Bercow said he would not allow a third Brexit vote on "substantially the same" motion as MPs rejected last week.
This morning’s Westpac consumer sentiment report along with the RBA’s monetary policy minutes are likely to be the highlights during our trading day.
Global equity markets are mixed, - Dow -0.04, S 500 +0.09, FTSE +0.98%, DAX -0.25%, CAC +0.14%, Nikkei +0.62%, Shanghai +2.47%.
Gold prices are little changed trading at $1,301 an ounce. WTI Crude Oil prices have edged higher overnight, up 0.9% trading at $59.03 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

Industry plan could create a billion dollar gaming sector
By: New Zealand Game Developers Association
Government moves to protect elite soils
By: New Zealand Government
Calls for overhaul of gene-technology regulations
By: Royal Society Te Aparangi
Card spending dips in July
By: BusinessDesk
Govt takes more action to reduce waste
By: New Zealand Government
Fonterra Provides Update on Earnings
By: Fonterra
NZ gaming industry outlines plan for home-grown 'Angry Birds
By: BusinessDesk
Interactive media a game changer for digital economy
By: New Zealand Government
Potatoes vs people: govt moves to protect top vege-growing
By: BusinessDesk
New Zealand First Backs Plans to Protect Productive Land
By: New Zealand First Party
LGNZ cautious as government pits potatoes against houses
By: Local Government NZ
HortNZ welcomes safeguarding of country’s best growing soils
By: Horticulture NZ
Anti-housing rules to keep Kiwis locked out
By: New Zealand Taxpayers' Union
Productive farming land dug up for housing
By: RNZ
Gene editing regulations – Expert Reaction
By: Science Media Centre
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media