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Tuesday, 31 July, 2012

Markets poised before Fed & ECB meetings

The markets are holding their positions somewhat, as they wait for the meetings of the Federal Reserve and the European Central Bank, which should prove
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Monday, 30 July, 2012

Kiwi Charges Higher on Euro Optimism

The New Zealand dollar starts the week a full cent higher this morning vs. the USD after renewed optimism from Europe boosted global markets. The
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Friday, 27 July, 2012

Draghi comments send markets higher

The President of the European Central Bank Mario Draghi, pledged to do whatever is necessary to protect the Eurozone from collapse sending markets and currencies
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Thursday, 26 July, 2012

RBNZ holds as the trade balance narrows

The Reserve Bank of New Zealand held their overnight cash rate this morning citing that ‘New Zealand’s trading partner outlook remains poor, with several Eurozone
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Wednesday, 25 July, 2012

Euro near 11 year low; US house prices rise

The Euro continues to slide against the US dollar as the markets fear that the European situation is worsening. There is the renewed issue that
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Tuesday, 24 July, 2012

Markets tumble on fresh European fears

World markets from equities to commodities and currencies were all sharply lower overnight as investor’s fear the debt situation in the Eurozone is worsening. US
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Monday, 23 July, 2012

Markets lower on growth and debt fears

Currencies were off Friday’s highs, whilst equity and bond markets were also affected as investors continue to have concerns over the European debt situation and
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Friday, 20 July, 2012

Kiwi & Aussie climb despite softer US data

Last night, more housing data was out in the US with home sales softer than expected, although the number was still significantly higher than that
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Thursday, 19 July, 2012

Bernanke ‘looking at ways to address slowdown’

Ben Bernanke, the Federal Reserve chairman concluded his 2nd day of his 2 day semi annual policy report to Congress, whilst China Premier Wen Jiabao
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Wednesday, 18 July, 2012

Bernanke gives no hint on stimulus

The Federal Reserve started their 2 day semi annual policy report to Congress last night, focusing on the unemployment rate, whilst barely touching on the
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Tuesday, 17 July, 2012

US retail sales ease; Euro trade balance surprises

US retail sales were down in June, although there was little reaction in the markets, with some investors looking for the Federal Reserve to keep
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Monday, 16 July, 2012

China’s data eases markets

On Friday, China released data on its GDP, retail sales and industrial production and the figures did not disappoint, sparking a bit of relief as
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Friday, 13 July, 2012

Australia unemployment rises; Aussie & Kiwi ease

Australia’s unemployment rate increased yesterday as the number of employed fell by more than expected sending the Aussie dollar and Kiwi lower. Also adding to
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Thursday, 12 July, 2012

US trade deficit narrows; Fed minutes released

The Commerce Department in the US published the latest details of its trade balance overnight, showing that the deficit was smaller, although the world’s largest
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Wednesday, 11 July, 2012

Spain receives aid; China’s trade growth weakens

European officials confirmed that they will engage the funding for Spanish banks, whilst also giving Spain’s government more time to reign in their budget deficit.
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Tuesday, 10 July, 2012

Euro finance ministers meet; Obama to extend tax cuts

European finance ministers were meeting once again to try and reinforce the initial plans that had been laid out by the European leaders at the
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Monday, 9 July, 2012

US payrolls weaker, while dollar climbs

US employers added fewer workers than anticipated in June, which moved currencies and markets lower as investors once again became cautious about growth and the
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Friday, 6 July, 2012

ECB cuts interest rate; mixed US employment data

The European Central Bank cut its interest rate in an attempt to kick-start the ailing Eurozone, whilst also reducing its deposit rate to 0% to
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Thursday, 5 July, 2012

Euro & Pound soften; US holiday makes for a quiet night

The Euro marginally weakened against the USD overnight as retail sales in the region stalled and on the belief that the European Central Bank will
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Wednesday, 4 July, 2012

US factory orders up, Australian building approvals surge

US factory new orders rose by more than 3 times expectations in May providing a shot in the arm for manufacturing after yesterday’s current manufacturing
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Tuesday, 3 July, 2012

Manufacturing slows, markets unmoved

US manufacturing activity for June slipped, whilst China also record a slender contraction. Figures out from Eurostat, the EU’s statistics office showed that Eurozone unemployment
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Monday, 2 July, 2012