HiFX Morning Update - Januarty 11 2017

HiFX Morning Update - Januarty 11 2017

The NZDUSD opens at 0.6987 (mid-rate) this morning.

The Kiwi is down against all of its major trading partners overnight. It traded an 89 point range or 1.3% against the USD in the last 24 hours.

Australian Retail Sales were down 0.2% in November, after a 0.5% rise in October and slightly worse than the 0.4% market consensus.

Japan's consumer confidence strengthened to the highest level in more than three years in December. The Index printed at 43.1 from 40.9 in November.

The U.S. Index of Small Business Optimism rose 7.4 points to 105.8, the highest reading since December 2004. Seven of the 10 Index components posted a gain, 2 declined and 1 was unchanged.

The U.S. Job Openings and Labour Turnover Survey results for November yielded a net employment gain of 2.4 million jobs. The number of Job Openings, Hires, and Separations (including quits, layoffs & discharges) were little changed from October.

A myriad of data for the U.K. overnight tonight and Crude Oil Inventories for the U.S. will be the market focus.

Global equity markets are mainly higher. Only China and Japan lower - Dow +0.22%, S&P 500 +0.35%, FTSE +0.52%, DAX -+0.17%, CAC +0.01%, Nikkei -0.79%, Shanghai -0.30%.

Gold prices are steady, currently trading at $1,184 an ounce. WTI Crude Oil is down another 2.0% currently trading at $51.36 a barrel.

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