The Opening Bell: Where currencies start on Thursday, August 9, 2018

no deposit options trader
Ayrex
binary options
Tweet

By Dan Bell

The NZDUSD opens at 0.6755 (mid-rate) this morning.

The NZD received a boost yesterday afternoon after the latest RBNZ survey showed both near-term and two-year inflation expectations are on the rise. Business managers now expect Q3 inflation to increase to 1.86%y/y an upward revision from 1.8% at the previous survey, while two-year inflation expectations rose marginally to 2.04% from 2.01% three months ago.

This morning the RBNZ are widely expected to keep rates on hold at 1.75% with the tone of this morning’s statement dictating direction for the currency. Following this morning’s announcement the RBNZ Governor Adrian Orr will front the media and address questions at a scheduled press conference.

Overnight an absence of economic data has kept many investors on the side lines with currencies on the whole range bound. The British pound however continues to underperform with Brexit uncertainty weighing heavily on the currency. Earlier this morning the GBP stopped just short of trading at one-year lows against the USD.

Crude oil prices declined sharply overnight with a smaller-than-anticipated drop in US crude stocks and the escalating trade dispute between the US and China sending prices lower. Overnight China announced it would retaliate against the US with a 25% tariff on another $16B worth of US products, including crude exports to China.

Global equity markets are mixed, – Dow -0.13%, S&P 500 +0.05%, FTSE +0.75%, DAX -0.12%, CAC -0.35%, Nikkei -0.08%, Shanghai -1.27%.

Gold prices are edging higher, up 0.3% trading at $1,212 an ounce WTI Crude Oil prices have fallen sharply down 3.6%  trading at $66.01 a barrel.

Current indicative rates:

NZDUSD0.67550.4%
NZDEUR 0.58140.1%
NZDGBP0.52390.7%
NZDJPY74.95-0.1%
NZDAUD0.90820.1%
NZDCAD0.8788-0.1%
GBPNZD1.9088-0.7%

Upcoming Data releases (NZST):

  • 09:00 – RBNZ Monetary Policy Statement
  • 10:00 – RBNZ Press Conference

 

 

 

 

 

To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.

Email:  

Dan Bell is the senior currency strategist at xe money transfer in Auckland. You can contact him here »

Daily exchange rates

Select chart tabs »

The ‘US$’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘AU$’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘TWI’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘¥en’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘¥uan’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘€uro’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘GBP’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘Bitcoin’ chart will be drawn here.
Loading…

USD 

NZD

End of day UTC
Source: CoinDesk

best investing platform

Profitable Copy Trading

social trading binary options

Technical Analysis

technical analysis for trading

Profitable binary options trading

trading binary options

Binary options bonus no deposit

binary options bonus no deposit

CFD Trading Tips

CFD Trading Tips

 

Copy Trading

binary options copy trading