The Opening Bell: Where currencies start on Tuesday, November 17, 2015

By Dan Bell

The NZDUSD opens at 0.6490 (mid-rate) this morning.

The NZD has lost ground against all its major competitors (the JPY being the only exception) following yesterdays mixed retails sales report.

The  Bank of Japan starts two-meeting meeting today with the central bank now expected to expand its stimulus measures following yesterdays disappointing third quarter GDP (GDP fell 0.8% on an annualised basis compared to the previous quarter)

Euro-zone inflation turned positive in October after declining a month ago. The Euro-zone consumer price index 0.1% from a year ago, reversing a 0.1% fall in September.

Local interest will be focused on this afternoons RBNZ’s Q4 inflation expectations while overnight all eyes will be on the GDT auction for future direction.

Global equity markets have started the week mixed – Dow +0.81%, S&P 500 +0.73%, FTSE +0.46%, DAX +0.05%, CAC -0.08%, Nikkei -1.04%, Shanghai +0.73%.

Gold prices are little changed currently trading at $1084 an ounce, WTI Crude Oil has pushed up 1.7% trading at $41.45 a barrel.

Indicative mid-rate pricing:

NZDUSD       0.6490       -0.5%
NZDEUR       0.6070       -0.2%
NZDGBP       0.4267       -0.5%
NZDJPY         79.95         0.1%
NZDAUD       0.9152       -0.3%
NZDCAD       0.8654       -0.5% 

Upcoming Data releases (NZST):

  • 15:00 – Inflation Expectations q/q

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Email:   

Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »

Daily exchange rates

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var chart_subtitles_arr= ["Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate"];
var tab_titles_arr= ["US$","AU$","TWI","u00a5en","u00a5uan","u20acuro","GBP"];
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var b=2;
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// to generate the format for date representation in x axis

var timestamweek = 604800000;
var timestamday = 86400000;
var timestammonth30 = 2592000000;
var timestammonth31 = 2678400000;
var timestamyear = 31536000000;
var timestamquarterly = 7776000000;

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var yy1=fomat.substring(k2+1,k3+1);

// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == "Jan")
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else if (mm == "Feb")
{
mm= "02";
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else if (mm == "Mar")
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mm= "03";
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mm= "04";
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mm= "06";
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mm= "08";
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{
mm= "09";
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mm= "11";
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else if (mm == "Dec")
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// +++++++++++++++++++++++++++++++++++++++++++++++++++++++

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var timestam1 = Date.parse(date2);
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var timestam2 = Date.parse(date2);
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}
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var k=0;

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var k1 =k;

do {
k++;
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var k2=k;

do {
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var k3=k;

var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var current_year=""+new Date().getFullYear();
var c_year=Number(current_year.substring(2,4));
var c_data=Number(''+fomat.substring(k2+1,k3+1));
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var yy = “19”+fomat.substring(k2+1,k3+1);
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// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == “Jan”)
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mm= “01”;
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mm= “02”;
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mm= “04”;
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mm= “05”;
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else if (mm == “Jun”)
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mm= “06”;
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mm= “07”;
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else if (mm == “Aug”)
{
mm= “08”;
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else if (mm == “Sep”)
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mm= “09”;
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{
mm= “10”;
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{
mm= “11”;
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else if (mm == “Dec”)
{
mm= “12”;
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// +++++++++++++++++++++++++++++++++++++++++++++++++++++++

var date = mm+”/”+dd+”/”+yy;

var timestam_1 = Date.parse(date);
var timestam= timestam_1+86400000; //86400000 added to get correct timezone output from Date.parse
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var Weeko = time4.getDay();
var dd2 = time4.getDate();
var mm2 = time4.getMonth();
var flag_y=arr[i][1];
var ahref_title=”Click here for full story”;
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var url=arr[i][2];
var flag_date='{“x”:’+timestam+’, “title”:”  “,”text”:”Click here for Story!”}’;

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var yy3 = yy2+””;
var yy4= yy3.substring(2,4);
//++++++++++++++++++++++++this for days conversion++++++++++++++++++++++++++++
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Weeko = “Thu”;
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Weeko = “Fri”;
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Weeko = “Sat”;
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Weeko = “Sun”;
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//+++++++++++++++++++++++this is for month conversion+++++

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mm2 = “Jan”;
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mm2 = “Feb”;
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mm2 = “Apr”;
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mm2 = “May”;
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else if (mm2==5)
{
mm2 = “Jun”;
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else if (mm2==6)
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mm2 = “Jul”;
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mm2 = “Aug”;
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mm2 = “Sep”;
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fomat2=mm2+”-“+yy4;
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fomat2=dd2+”-“+mm2+”-“+yy4;
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range_selector=3;
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do {
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var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var yy = "20"+fomat.substring(k2+1,k3+1);

// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == "Jan")
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mm= "01";
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else if (mm == "Feb")
{
mm= "02";
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else if (mm == "Mar")
{
mm= "03";
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else if (mm == "Apr")
{
mm= "04";
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else if (mm == "May")
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mm= "05";
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else if (mm == "Jun")
{
mm= "06";
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else if (mm == "Jul")
{
mm= "07";
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else if (mm == "Aug")
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mm= "08";
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else if (mm == "Sep")
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mm= "09";
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else if (mm == "Oct")
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mm= "10";
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else if (mm == "Nov")
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mm= "11";
}

else if (mm == "Dec")
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mm= "12";
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var date = mm+"/"+dd+"/"+yy;
//here flagAr may be
var timestam = Date.parse(date);
var time4 = new Date(timestam);
var Weeko = time4.getDay();
var dd2 = time4.getDate();
var mm2 = time4.getMonth();

var yy2 = time4.getFullYear();
var yy3 = yy2+"";
var yy4= yy3.substring(2,4);
//++++++++++++++++++++++++this for days conversion++++++++++++++++++++++++++++
if (Weeko==1)
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Weeko = "Mon";
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else if (Weeko==2)
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Weeko = "Tue";
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else if (Weeko==3)
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Weeko = "Wed";
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else if (Weeko==4)
{
Weeko = "Thu";
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else if (Weeko==5)
{
Weeko = "Fri";
}

else if (Weeko==6)
{
Weeko = "Sat";
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else if (Weeko==0)
{
Weeko = "Sun";
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//+++++++++++++++++++++++this is for month conversion+++++

if (mm2==0)
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mm2 = "Jan";
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else if (mm2==1)
{
mm2 = "Feb";
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else if (mm2==2)
{
mm2 = "Mar";
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else if (mm2==3)
{
mm2 = "Apr";
}

else if (mm2==4)
{
mm2 = "May";
}

else if (mm2==5)
{
mm2 = "Jun";
}

else if (mm2==6)
{
mm2 = "Jul";
}

else if (mm2==7)
{
mm2 = "Aug";
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else if (mm2==8)
{
mm2 = "Sep";
}

else if (mm2==9)
{
mm2 = "Oct";
}

else if (mm2==10)
{
mm2 = "Nov";
}

else if (mm2==11)
{
mm2 = "Dec";
}
//++++++++++++++++++++++++++++++++++++++++

//weekly
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fomat2=dd2+"-"+mm2+"-"+yy4;
}

// Daily
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fomat2=mm2+”-“+yy4;
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//monthly
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{
fomat2=mm2+”-“+yy4;
}

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var decpad;

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arr[i][1] = decpad;
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var xvalu=dd2+”-“+mm2+”-“+yy4;
var yvalu= String(arr[i][1]);
var xyvalu=”Latest value at “+xvalu+” is “+yvalu;
updt=”Updated on “+xvalu;
}
}

}
}

//other required functions

//chart configuration starts here

function getXMLHttpRequest(file) {

//var arrSignatures = [“MSXML2.XMLHTTP.5.0”, “MSXML2.XMLHTTP.4.0″,
//”MSXML2.XMLHTTP.3.0”, “MSXML2.XMLHTTP”,
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//for (var i=0; i < arrSignatures.length; i++) {

try
{
var xmlhttp = new window.XMLHttpRequest();
xmlhttp.open("POST",file,false);
return xmlhttp;
}
catch(e)
{
error=e.message;
}

//}
throw new Error("MSXML is not installed on your system.");
}

function readCSV(locfile) {
// load a whole csv file, and then split it line by line
var req = new getXMLHttpRequest(locfile);
//req.open("POST",locfile,false);
req.send("");
return req.responseText.split(/n/g);
}

function parseLineCSV(lineCSV) {
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lineCSV = lineCSV.replace(/,/g," ,");

lineCSV = lineCSV.split(/,/g);

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lineCSV[i] = lineCSV[i].replace(/s*$/g,"");
}

lineCSV[lineCSV.length-1]=lineCSV[lineCSV.length-1].replace(/^s*|s*$/g,"");
var fstart = -1;

for (var i=0;i=0) {
for (var j=fstart+1;j<=i;j++) {
lineCSV[fstart]=lineCSV[fstart]+","+lineCSV[j];
lineCSV[j]="-DELETED-";

}
fstart=-1;
}
}
fstart = (lineCSV[i].match(/^"/)) ? i : fstart;
}

var j=0;

for (var i=0;i<lineCSV.length;i++) {
if (lineCSV[i]!="-DELETED-") {
CSV[j] = lineCSV[i];
j++;
}

}

return CSV;
}

function roundVal(val_num){
var dec = 2;
var result = Math.round(val_num*Math.pow(10,dec))/Math.pow(10,dec);
return result;
}

function setdecimalpoints(deca)
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var deca1= deca;
var deca2= parseInt(deca);
if((deca1-deca2)!=0)
{
return 2;
}
else
{
return 0;
}
}
for(i=0;i

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