HiFX Morning Update - January 9 2017

HiFX Morning Update - January 9 2017

The NZDUSD opens at 0.6952 (mid-rate) this morning.

For many people today is their first day back at work, and this is HiFX’s first Morning Update for 2017. We trust you all had a safe and relaxing Christmas and New Year’s and are all set for what will be a busy year in the markets.

U.S. Non-farm payroll employment climbed by 156k jobs in December, while economists had expected an increase of about 175k jobs. November was upwardly revised to 204k, while the increase in employment in October was downwardly revised to 135k, reflecting a net addition of 19k jobs.

The U.S. unemployment rate was 4.7% as expected by a survey of economists, which was up from 4.6% in December.

The U.S. Department of Commerce, announced that the goods and services deficit was $45.2 billion in November, up $2.9 billion from $42.4 billion in October.

Tonight we expect the Eurozone unemployment to be steady at 9.8%. Tomorrow we have Retail Sales for Australia, Wednesday – UK Manufacturing and Goods Trade Balance, Thursday NZ Commodity Prices, Friday U.S. Unemployment Claims, Retail Sales, PPI, Uni. of Michigan Consumer Confidence, and Fed Chair Yellen speaks

Global equity markets are mixed - Dow +032%, S&P 500 +0.35%, FTSE +0.20%, DAX +0.12%, CAC +0.19%, Nikkei -0.34%, Shanghai -0.35%.

Gold prices are steady, currently trading at $1,172 an ounce. WTI Crude Oil is up 0.43% from yesterday currently trading at $53.99 a barrel.

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