Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Navigation FX - Technical & Fundamental Analysis
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Navigation FX, post: 114386, member: 39595"] [SIZE=6][B]Australia & New Zealand Session Wrap[/B] [B][/B][/SIZE] [B][B][U]New Zealand Markets[/U][/B][/B] [LIST] [*]BREAKING: EARTHQUAKE 7.8 and 6.2 in NZ [/LIST] An Earthquake of magnitude 7.8 hits New Zealand on Sunday at 11:02 GMT. The earthquake was felt across New Zealand and Wellington and hit hit 59 miles (95km) from Christchurch. A Tsunami was formed hitting the north-eastern coast 2 hours later. Residents had been warned to head inland or for higher ground whilst thousands have fled their homes. [I]‘Unfortunately again, another earthquake hit New Zealand of magnitude 6.2 in the early hours of this morning at 00:45 GMT. This earthquake hit 75 miles (120km) North West of Christchurch.[/I] [I]A “large wall of water” up to 15 metres high is surging down the Clarence River and nearby residents are being warned to move to higher ground as soon as possible.[/I] [I]A slip dammed the river about 10 kilometres upstream from the mouth, north of Kaikoura, after Monday morning’s 7.5-magnitude earthquake. The banked-up water burst through the wall of debris about 4.20pm. A helicopter in the area saw the breach and the water beginning to roll downstream.[/I] [I]It would take three to five hours for the deluge to reach the coast, passing alongside about a dozen houses situated along the river.[/I] [I]They have been urged to evacuate for higher ground’.[/I] 2 deaths have been reported so far. More homes being evacuated. For more on the New Zealand earthquake, click [URL='http://www.stuff.co.nz/national/86436608/warning-as-large-clarence-river-dammed-by-landslide']here[/URL] [LIST] [*]Oct Services PMI was due to be released yesterday, however due to the earthquake, has been delayed until later today [/LIST] [LIST] [*]New Zealand house prices Median at +10.9% y/y [LIST] [*]Number of sales for October 2016 fell 9% on September [*]Decline of 14% y/y [*]Bryan Thomson from the Real Estate Institute of New Zealand (REINZ): “The national sales volumes fell by 14% in October compared to the same time last year and the number of properties for sale as measured by realestate.co.nz has fallen by almost 7,400 over the past year. Our data suggests that the impact of the revised LVR rules is having more of an effect on lower-priced sales compared to higher priced sales, with a surge in the percentage of sales over $1million and a noticeable decline in the number of sales below $400,000 compared to 12 months ago” [/LIST] [/LIST] [B][B][U]Australian Markets[/U][/B][/B] [LIST] [*]Australia’s Hidden Stimulus Boosts Economy as Currency Lags Commodity Rebound [LIST] [*][I]“Australian policy makers were publicly frustrated by the currency’s stubborn strength when commodities tumbled earlier this decade. Now they’re conspicuously quiet as it fails to keep pace with resurgent resource prices.Since the end of June, JPMorgan Chase & Co.’s real effective exchange rate for the Aussie has risen 4 percent, while Westpac Banking Corp.’s Australian export commodity index has soared by 43 percent. The mismatch is another reason why central bank Governor Philip Lowe is comfortable sitting on his hands: he’s getting an easing of financial conditions without having to touch the monetary policy lever.” More on this[/I] piece from [URL='http://www.bloomberg.com/news/articles/2016-11-13/australia-s-hidden-stimulus-boosts-economy-as-currency-lags-commodity-rebound']Bloomberg[/URL] [/LIST] [/LIST] KEY Dates that highlight potential risk domestically for Australia this week (Sydney time): [LIST] [*]Tuesday – 11:30am (00:30 GMT) RBA Board Minutes from November [LIST] [*]Unlikely to add further detail since the RBA’s recent Statement on Monetary Policy [*]Statement made no material change on RBA forecasts of GDP or inflation [/LIST] [*]Tuesday – 7.15pm (08:15 GMT) Speech by Reserve Bank of Australia Governor Lowe Title is ‘Buffers and Options’ [LIST] [*]The title ‘Buffers and Options’ implies some discussion on the effectiveness of low interest rates and the outlook for inflation [*]Lowe’s post board meeting statement contained very few changes apart from slightly more concern being expressed around the housing market – where the term “briskly” was used when describing recent house price appreciation [/LIST] [*]Wednesday – 11.30am (00:30 GMT) Wage Price Index [LIST] [*]NAB forecasting +0.5% in the September quarter [*]Annual growth down from 2.1% to 2.0% [/LIST] [/LIST] [LIST] [*]Thursday – 11.30am (00:30 GMT) Labour Force data for October [LIST] [*]Trend employment growth shows it has slowed to just 3.9k a month, well below the 15k minimum to keep unemployment rate from rising [*]Recent jobs growth has been driven by part-time employment, helping to contribute towards elevated underemployment [*]Expected employment data this month will be important in providing clarity over Australia’s labour market and the extent to which the momentum has slowed. [*]NAB expectations are that employment is to rise 20k with unemployment rate steady at 5.6% [/LIST] [/LIST] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…