A brief update today due to the Auckland Anniversary holiday.
The Kiwi Dollar has surged higher over the weekend, gaining close to 1% from Friday and trading near a two week high. Risk markets ended the week on a positive note with news that an agreement has been reached to temporarily end the U.S government shutdown. There was also some positive signs on U.S – China trade discussions, encouraging earnings reports out of the U.S, and more positive Brexit news, all adding to the air of optimism.
A big week ahead of data, particularly out of the U.S including Trade Balance, Consumer Confidence, GDP, Employment, and the FOMC Rate Decision. On the local front we have NZ Trade Balance due tomorrow morning.
Quiet trading ahead today with the Auckland Anniversary Day holiday, and Australia Day across the ditch.
© Copyright - EncoreFX, 2018.The information in this post is provided for general information purposes only and has been prepared without taking into account any person’s objectives, financial situation or needs and, accordingly, it does not constitute personalised financial advice under the Financial Advisers Act 2008, nor does it constitute advice of a legal, tax, accounting or other nature to any person. Before acquiring any financial services or products from EncoreFX, you should consider the appropriateness of the information having regard to your own objectives, financial situation or needs. We recommend that investors seek advice from their usual adviser before taking any action. EncoreFX (NZ) Ltd is a registered Financial Services Provider (FSP 461386), and is a licensed derivatives issuer under the Financial Markets Conduct Act 2013. EncoreFX (NZ) Ltd has lodged a Product Disclosure Statement (PDS) for each of our derivatives with the Registrar on 21-Dec-2016. A copy of each PDS is available from us or from the Registrar at www.business.govt.nz/disclose.