Prime Minister Abe wins election and clear mandate for his plans for the Japanese Economy. Main focus for the week, will be the Federal Reserve rate announcement. The Bank of England & Reserve Bank of Australia release the minutes of their latest meeting. Potential for heightened volatility as we head towards Christmas.
• Oil pushes US and CAD lower! • Stevens calls for 0.75 for AUD • Aussie and kiwi both weaker again
1. RBNZ leaves rates on hold but maintains the tightening bias, NZD is firmer on the news despite Wheeler citing the rate as “unjustifiable and unsustainable”. 2. Australia creates 42.7k jobs, but the headline flatters to deceive as 40.8k of these were part time jobs. The Aussie is firmer despite the unemployment rate creeping slightly higher to 6.3% due to downwards revisions to the previous month's figure. 3. Today the Swiss National Bank rate announcement and US Retail Sales will be the highl...
Highlights: • UK Chambers of Commerce cut growth forecasts for 2014 and 2015. • Greece announce a snap election to this month. • Chinese consumer price index only rose 1.4% signalling a 5 year low. To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
Aussie Dollar weakens again US interest rates to go up mid 2015? UK data awaited
• Dollar Strong on expected improved retail sales • Aussie and Kiwi fall as Chinese imports slow • RBNZ meeting on Wednesday week’s highlight
ECB Press Conference less dovish Markets gear up for US non-farm Payrolls German Factory orders data due out this morning
• Bank of England UK interest rate announcement • European Central Bank interest rate announcement and press conference • US Jobless Claims
• Sterling falls on weaker Construction data • Service sector PMI the focus this morning • Disappointing Australian growth data sees Aussie fall to 4 year lows versus the dollar
Highlight: • RBA leaves rates unchanged; market unmoved • Oil prices continue to tumble • UK construction PMI today’s highlight.
• Aussie Drops sharply as Gold Slumps • Manufacturing Data focus for Today • Busy Week ahead – Central Banks and Non Farms Dominate
Japanese inflation lower NZ data supports Kiwi Eurozone inflation data awaited
• Happy Thanksgiving • Beware the Euro • Increased volatility
• Strong third quarter US growth fails to support the dollar • UK GDP expected to remain unrevised • US data expected to support the dollar ahead of Thanksgiving
Highlights: • German IFO business climate index rose ending a six month decline • US services sector PMI fell to lowest level since April • Bank of Japan minutes released overnight - JPY strengthened To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
Daily Currency Update Video by Tom Ives, Private Client Manager, Halo Financial by Halo Financial
Highlights: • European Central Bank President’s Keynote Speech • UK Public Sector Borrowing • Canadian Inflation To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
Highlights: • Pound rallies on the back of Bank of England Minutes • US FOMC minutes are neutral; have no effect on the market • UK retail sales and US inflation the highlights today To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
• UK Inflation rises slightly to 1.3% in October • Bank of England minutes the focus this morning • FOMC language to be scrutinised
US Industrial production and capacity utilisation disappoint the markets RBA minutes cite Japanese Bond buying programme as additional reason for Aussie strength due to carry trade Today all eyes on UK Inflation figures, following Bank of England inflation report last week
• Yen Weakens on GDP Figures • NZ Economy Surges on Currency Depreciation • Main Focus on Central Banks this week
French GDP returned to growth in the 3rd Quarter UK pound 14 Month low vs the USD US unemployment claims rose 290K vs 282K
The pound sells off after UK Inflation report Draghi discusses further unconventional policy actions Chinese retail and industrial data comes in weaker
Highlights: • Quiet session yesterday due to veterans day • Unemployment data due which may be sterling supportive • Inflation report expected to be the focus To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
• Quiet markets risk of volatility • Crucial UK releases tomorrow • We Will Remember Them
Highlights: 1) US non-farms up less than expected in Oct, but unemployment rate falls. 2) Chinese trade surplus expands for 2nd month running – first time since Feb this has happened. 3) Chinese CPI inflation in line with expectations, but PPI falls further to -2.2%. 4) Today and tomorrow relatively quiet in terms of data releases. To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
Markets prepare for US Non-farms data Euro remains weak after ECB statement UK trade balance data this morning
Highlights: • Bank of England and European Central Bank meetings today • UK data disappoints this week • Aussie jobs number higher than expectations To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
Highlights: • Improved employment data boosts Kiwi Dollar • Hawkish ECB member comments strengthen the Euro • UK Service sector PMI the focus this morning To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
