 United States BUY/SELL
|
|
|---|---|
| USD/NZD | 1.3156-1.3288 |
| USD/AUD | 1.0129-1.0231 |
| USD/JPY | 79.0727-79.8674 |
| USD/EUR | 0.7851-0.7929 |
| USD/GBP | 0.6314-0.6378 |
| USD/IDR | 9200.7650-9293.2350 |
| USD/CAD | 1.0165-1.0267 |
| USD/SGD | 1.2689-1.2817 |
| USD/CHF | 0.9430-0.9524 |
| USD/HKD | 7.7311-7.8087 |
| USD/THB | 31.2132-31.5269 |
| USD/INR | 54.0982-54.6419 |
| USD/FJD | 1.8426-1.8612 |
| USD/ZAR | 8.2923-8.3757 |
| USD/DKK | 5.8230-5.8816 |
| USD/SEK | 7.2038-7.2762 |
| Money Market | |||
|---|---|---|---|
| O/N | 3 Month | 6 Month | |
| AUD | 3.75 | 3.75 | 3.75 |
| USD | 0.25 | 0.25 | 0.25 |
| GBP | 0.50 | 0.50 | 0.50 |
| EUR | 0.25 | 0.25 | 0.25 |
| NZD | 2.50 | 2.50 | 2.50 |
| Stocks | |
|---|---|
| All Ord | 4208 |
| DOW | 12441 |
| NASDAQ | 2813 |
| FTSE | 5338 |
| NZSE | 3522 |
| Commodities | |
|---|---|
| Gold | 1573 |
| Oil | 111 |
Collinson & Co Inc
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Equity Markets were preoccupied with the unprecedented float of Facebook which was impeded by technical errors on the Nasdaq which may be a sign of foreboding!? Equity markets were finally awakened to the omnipresent nightmare that Europe has become. Moody's downgraded 16 Spanish Banks which attacks the EU Banking system and the very heart of the EU. Attention now turns to the G8 meeting this weekend at Camp David and any solutions they may provide. These International meetings offer little in historical terms but provide fantastic photo shoots on the world stage. Great for the political egos! The EUR continues to melt, trading at 1.2770 and the GBP down to 1.5810. In the US, markets were totally preoccupied with the new IPO and with little economic data to drive markets, they were engulfed with the negativity spreading from Europe. Commodity based currencies continued to collapse with the KIWI falling out of bed. The NZD dropped to 0.7550 and the AUD looking to test 0.9800. Next week will look at economic data and in particular housing in the US but they will be overwhelmed by events unfolding in the European train crash!
21/5 NZ Migration, EU Construction Spending, Chicago Fed's National Activity Index
22/5 China Leading Economic Index, NZRB Inflation Outlook, UK Home Prices, UK CPI, UK Retail Price Index, EU Economic Outlook, Richmond Manufacturing Index, US Existing Home Sales
23/5 Bank of Japan Rate Decision, EU Current Account, Bank of England announcement, US Weekly Mortgage Applications, US Home Price Index, US New Home Sales
24/5 NZ Trade Balance, Aust. Home Affordability, German GDP, French PMI, German PMI, EU PMI, UK Retail Sales, UK GDP, US Durable Goods Orders, US Weekly Jobless Claims
25/5 German Import Prices, China Business Conditions, German Consumer Confidence, University of Michigan Confidence
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