MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: April 11, 2014 - Up and down, again
Collinson FX Market Commentary: April 11, 2014 - Up and down, again

'Katie Clark, NZ Womens Nationals 2014,'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: April 11, 2014

Click here to find out how to get CollinsonFX's free iPhone app

Equity markets tumbled again as Global growth prospects degenerated. China Exports and Imports both contracted sharply sparking fears of a slowdown in the recovery. Demand slipped for commodities after ealier good news from Employment numbers released in Australia.

The Unemployment rate fell from 6.1%, to 5.8%, boosting the AUD back to 0.9450. The China data realease caused the AUD to slip back to 0.9420 and the KIWI testing 0.8700. The Bank of England chose to leave interest rates unchanged, although it is strongly tipped to follow the RBNZ as the early Central Banks to begin to raise rates, post GFC. The GBP dropped below 1.6800, although the EUR again tested 1.3900, a reflection of the maligned Dollar as much as any inherent local strength.

The Fed hurried to reassure investors that the extended low interest rate environment would continue, in an effort to stimulate growth, and lay waste to the reserve currency. Nervous equity markets are being trashed as many question the authenticity of the rally and worry the bubble is about to burst?!

Collinson FX market Commentary: April 10, 2014

Fed minutes, released overnight, revealed further support for stimulus via monetary policy. Central Bank influence is far from over and further QE will continue as growth stutters and employment lags. All the talk of tapering was nipped in the bud and equity markets surged.

Further expansionary monetary policy gives impetus to a recently flagging stock market with the DOW booking gains of close to 200 points. This continues to undermine the Dollar with the EUR rising to 1.3850 and the GBP testing 1.6800. This should come as no surprise, as Yellen is a renown dove and previous commitment to tapering, was the surprise.

Australian markets moved upwards, with Consumer Confidence rising and the currency benefiting the reserve weakness. The AUD moved up towards 0.9400 while the KIWI consolidated just under 0.8700. Gains are a reflection of the contempt the Fed has for the USD, which is being manipulated lower, to stimulate trade growth.

At some point confidence in the reserve currency will be undermined and this will be red flagged in the bond markets.

Katie Clark, NZ Womens Nationals 2014, Day 2, -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: April 9, 2014
The US Dollar continued to suffer big hits as faith in the recovery of the economy waned. The EUR rallied to 1.3800 and the GBP 1.6750 supported by by some steady GDP growth and Industrial/Manufacturing Production.

Confidence has taken a hit, in the US, after lacklustre Employment data added further questions to the economic recovery. The precarious state of equity markets is more a reflection on the created bubble than the parlous state of economic affairs. The Fed has manufactured an environment, through excessive liquidity, that has allowed the situation to spiral out of control. The bond market will be the indicator that warns investors to the extent of over valuation.

Commodities reflect the weak reserve and asscoiated currencies posted further gains. The AUD hit 0.9350 and the KIWI 0.8660, reflecting steady domestic economic fundamentals, as much as a heavily impacted Dollar. Economic data will continue to drive markets, absence Geo-Political developments, undermining confidence and the USD.

Melinda Henshaw, NZ Womens Nationals 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: April 8, 2014
Equity markets were sounding the alarm bells, as they crashed again, threatening all the year's gains. The NASDAQ lead the charge lower, this contradicts market bulls, who have promoting the growing recovery across the US economy.

There were no major US economic data releases overnight, so Friday's gloomy sentiment continued. The Dollar will continue to weaken, without any fundamental economic support, with the likelihood of continued dilution of the currency if the Fed stalls tapering.

The EUR rallied back to 1.3740 and the GBP broke back to 1.6600. Japan and Australia have signed a new trade agreement reducing tariffs and promoting trade. This had little immediate impact on the currency although must be good for economic growth prospects in both countries.

The AUD drifted to 0.9260 although NZ House Prices confirmed strong domestic demand pushing the KIWI back to just under 0.8600.

Close attention will be paid to economic data release this week and the impact this has on Monetary Policies.

For more on Collinson FX and market information see:
www.collinsonfx.com and www.collinsonwealthmanagement.com

Countries: | NZ: 0800 338 838 | AU: 1800 143 415 | NY: 1888 6257 833 | UK: 0800 0285 834 |


Disclaimer: The details expressed in this website and accompanying documents or transmissions are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Collinson Forex Ltd accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site.


by Collinson FX


  

Click on the FB Like link to post this story to your FB wall

http://www.marinebusiness-world.com/index.cfm?nid=121009

2:50 PM Fri 11 Apr 2014GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
2011 Collinson & Co

Related News Stories:

11 Apr 2014  Collinson FX Market Commentary: April 10, 2014 - Equity markets surge
10 Apr 2014  Collinson FX Market Commentary: April 9, 2014 - US loses faith
09 Apr 2014  Collinson FX Market Commentary: April 8, 2014 - Equities Alarm bells
07 Apr 2014  Collinson FX Market Commentary: April 4, 2014: AUD and KIWI surge
04 Apr 2014  Collinson FX Market Commentary: April 3, 2014: White Gold running dry
03 Apr 2014  Collinson FX Market Commentary: April 2, 2014: RBA hold rates
02 Apr 2014  Collinson FX Market Commentary: April 1, 2014: All rise
28 Mar 2014  Collinson FX Market Commentary: March 28, 2014: Speculation push
28 Mar 2014  Collinson FX Market Commentary: March 27, 2014: AUD renaissance
27 Mar 2014  Collinson FX Market Commentary: March 26, 2014: Risk appetite returns
MORE STORIES ...




Marine Business News

The Barcelona International Boat Show closes its doors in Port Vell this afternoon and confirms a trend towards recovery in the sector. Over the course of five days, the show which presented 120 new products and 650 vessels recorded a large turnover and number of visitors, who were able to take an active part in more than 100 programmed activities. ... [more]  

RMYC Port Hacking Sailing Division has been using 'Race Logger', an Android App to assist in management of the club’s offshore racing programs. The club has a proud tradition for timely production of race results with Vice Captain, John Barter generally uploading the race result to the club’s website before members have returned to the clubhouse. ... [more]  

October 22, 2014: The Slipping USD did support the associated currencies, with the AUDUSD again testing 0.8800, while the KIWI awaits further carry trade. The NZDUSD looked to do gathering strength for another attempt at 0.8000, supported by attractive interest rate differentials, before taking a turn for the worst to trade 0.7935. ... [more]  

Groupe Beneteau today announced its sponsorship of the US Sailing Team Sperry Top-Sider and ISAF Sailing World Cup Miami. Groupe Beneteau, the parent company of Jeanneau and Beneteau sailing yachts and Lagoon catamarans, is the world’s leading yacht builder, and will now become a significant presence in high-performance sailing with its support of both the US national sailing team ... [more]  

After 18 years leading one of the world’s most influential yacht brokerage houses, Nicholas Edmiston, the founder, is to step back from the day-to-day management of the business. Jamie Edmiston will become Chief Executive with immediate effect, with Nicholas serving as Chairman. ... [more]  

One of Australia's oldest production yacht importers has changed its name to more accurately reflect the products on offer. Effective from October 17, US Yachts will be known as Performance Cruising Yachts. Explaining the name change, former Olympian and Managing Director of the company, Matt Hayes, said it was something he had been pondering for some time. ... [more]  

October 21, 2014: The Dollar continued to retreat under the expected extension of the Fed's QE. The EUR moved to 1.2800, while the GBP booked further gains, to trade 1.6160. Commodity prices remain weak, but the flagging reserve boosted the AUD back towards 0.8800 and the KIWI to 0.7950, despite a fall in consumer confidence. ... [more]  

PredictWind have made significant improvements to the swell forecasting models and added new locations. Integrating the new 50km global wind forecast with ocean current data has created the most advanced swell modelling available online. By combining PredictWind forecast data with ocean current data, the effect of the wind on swells can be accounted for ... [more]  

Imagine finishing the Coastal Classic and relaxing in your own waterfront home at Opua with your boat tugging gently on a deep-water mooring off the lawn. Built to an architect design in 2000, this north-facing waterfront Opua property is a short walk to the marina and boatyard. It is going to auction on November 22. View this Labour Weekend after the Coastal Classic. ... [more]  

The event has historically been conducted at the Brisbane Showgrounds, however as a result of the significant construction and redevelopment of that venue, it has presented many operational difficulties in continuing todeliver a high quality event expected by exhibitors andvisitors to an industry boating showcase. ... [more]  

MMC has presented PaddleNSW with 50 new generation lifejackets so its coaches and instructors can help role model behaviour to further encourage everyone on the water to wear lifejackets. 'The lifejackets will be used to kit out PaddleNSW’s network of training staff and volunteers in key locations across NSW,' said MMC General Manager Howard Glenn. ... [more]  

The Australian marine industry is singing the praises of the fourth annual Gold Coast International Marine Expo, reporting strong sales and even greater prospects in the lead-up to summer. 'Based on exhibitor feedback, the total sales at the Expo alone would certainly be in the order of tens of millions of dollars,' she said. ... [more]  

Headsync, of Newport, R.I., has been named as the East Coast distributor for Gobius products. Gobius’ unique external monitors require no modifications of existing tanks, and unit can adapt to existing onboard gauges. External measuring of black water tanks is more effective because the gauge never comes in contact with the fluid, avoiding clogging issue associated with in-tank systems. ... [more]  

The Australian Superyacht and Marine Export Industry Conference is partnering with the Sanctuary Cove International Boat show for the fifth consecutive year with SCIBS recognizing the international exposure and attraction of industry players the conference brings to the boat show. ... [more]  

2014 Gold Coast International Marine Expo - Marine Syndication, a division of Marine Auctions, was in full swing at the Gold Coast International Marine Expo that took place at the Gold Coast Marine Precinct in Coomera. ... [more]  

More than 13,000 visitors flocked to Scotland’s Boat Show 2014 (SBS14) at Kip Marina, Inverclyde last weekend as the boating world showed off everything from a £500 dinghy to an £800,000 Sunseeker luxury powerboat. SBS14 is the largest boat show in Scotland and the third largest in the UK and, with over £15m worth of boats on display, there was something for every budget. ... [more]  

RYA Scotland Annual Awards - As the end of the year gets closer it is time to review the season and time spent on the water. People taking up the sport for the very first time and the new skills they have learned, the young performance sailors who have brought home national and world titles, the 250 boats and thousands of spectators who witnessed the Commonwealth Flotilla and all the people ... [more]  

2014 Gold Coast International Marine Expo - The awe-inspiring aerial antics of the Extreme High Diving show at this weekend’s 2014 Gold Coast International Marine Expo have a whole new flavour, with McDonald’s signing up as an event partner. ... [more]  

Alongside the line-up yachts and boats by international and local brands, visitors to this year’s Yacht CN will have a chance to enjoy the exciting Moto Surf China Race, passionate samba dances, bikini model shows, international music band performances, and popular international DJ music on-site. ... [more]  

Boyan Slat is a 20-year-old on a mission - to rid the planet's oceans of floating plastic. He has dedicated his teenage years to finding a way of collecting it. But can the system really work - and is there any point when so much new plastic waste is still flowing into the sea every day? ... [more]  

Discover Boating Week starts tomorrow by Boating Industry Association
Discover Boating Week is a celebration of the recreational boating lifestyle and the joys and fun that come with spending quality time on the water. Whether you're a fisherman, paddler or sailor, there is something for everyone. Over 40 events will be taking place across the state from October 18 - 25 and the best part is, they all absolutely free! ... [more]  

October 17, 2014: Markets continued to leak overnight despite attempts by St Louis Fed President Bullard to calm the storm. He advocated further extension of monetary stimulus to combat the sharp collapse in confidence. The European Union is under extreme pressure ... [more]  

Great start to another massive Gold Coast International Marine Expo by Emma Milne/Gold Coast International Marine Expo
The Gold Coast International Marine Expo – open all weekend – is a marquee event for the marine industry and has delivered on its promise of 'all things aquatic – from super yachts and jet skis to kayaks and fishing equipment … and everything in between'. ... [more]  

The Australian Sailing Team has today official opened an extended deck at the National Training Centre at Middle Harbour Yacht Club in Sydney. Australian Institute of Sport (AIS) Director Matt Favier officially opened the extension, which upgrades the Australian Sailing Team’s AIS Training Centre to integrate Paralympic training and to accommodate more rigging and launching area ... [more]  

After a year of intense activity MSE’s ‘GLEAMS’ (Glycerine Fuel for Marine Sustainability), project has completed. The project consortium have gathered the evidence and conducted the analysis necessary to show that glycerine is a technically feasible very low emissions alternative fuel in the marine market. ... [more]  

The 2014 Fort Lauderdale Boat Show is fast approaching and I want to know if you’re planning to attend. If you are, I'd like to let you know about some of our must-see clients. ... [more]  

Gerhard Bukac has joined DualDocker reinforcing the team as International Sales Manager and will ultimately, after his training period, be responsible for ‘Global Sales’ and for coordinating, supporting and training the entire sales force. His thorough technical background, experience in sales, as well as his devotion to boating make him an ideal DualDocker team member. ... [more]  

Ian Broad and Ian Lindsay and their beloved Hood Sails in Sydney have become a sail making institution on the Australian scene. Established in 1971, Hood Sail makers (Aust.) P/L is 100% Australian owned and operated by the two Ian’s and it was the first Hood sail loft outside of the USA. This week we interviewed Broadie. ... [more]  

October 17–24 has been declared Safer Boating Week this year, in what will become an annual focus on keeping boaties safe in the lead up to Labour Weekend – the traditional time to get boats and gear ready for summer. Members of the National Pleasure Boat Safety Forum, chaired by Maritime NZ, will run a range of activities in the week aimed at getting three simple messages through to boat owner ... [more]  

October 16, 2014: European markets hit the panic button overnight with share markets losing over 3%! A sudden realisation or the straw that broke the camels back? The German market looks like it has gone back into recession and that was the only beacon of hope. ... [more]  

SMAR Azure is pleased to announce the appointment of Brad Stephens, as Sales Agent for Australia and New Zealand. The appointment of Brad Stephens, based in the Harbour city of Sydney, will ensure easy access for Australian and New Zealand customers to SMAR Azure's unique products and services. ... [more]  

Yachting Australia's night of nights is almost here, with the sport's annual awards celebration set to take place this Friday night at the Australian National Maritime Museum in Sydney. ... [more]  

2014 Gold Coast International Marine Expo - With less than 24 hours until the start of the three-day 2014 Gold Coast International Marine Expo, the event site is a hive of activity as exhibitors prepare and polish their displays to help you make this summer one to remember. ... [more]  

Collinson FX Market Commentary: October15, 2014 - Oil a victim
Teijin Aramid increases prices for Twaron Aramid products
Dr. Shrink tightens distribution in Russia
Doha's Mourjan Marinas – Lusail City to expand
Boats recovery after Sydney storm
Partnership to encourage lifejacket use
The feud that sank Wharro's Wild Thing
Ocean Safety appoints additional Sales Coordinator
Barcelona Int'l Boat Show - 120+ new products and a hundred activities
Discover Boating Week opens up opportunities to participate
Southern Spars team celebrates 25 years of success and innovation
605 Sportsfish named Australia's Greatest Boats 2015 Finalist!
2014 Gold Coast International Marine Expo - Multihulls set to dominate
Gold Coast International Marine Expo - NAB customers the big winners
Icarus Sailing Media partners with Ace Electronics Enterprise
ACI launches construction of Marina Slano
Vaughan Bullivant cuts Daydream Island price tag to $30 million
Delegate registration opens for marine15
Sir Ben Ainslie praises British superyacht apprentices
2014 GC Int'l Marine Expo - Club Marine’s Bart Beek shares the secret
Collinson FX Market Commentary: October11, 2014 - Ominous correction   
The Barcelona World Race at the Barcelona International Boat Show   
United States Sailboat Show - Alistair Murray honored in Annapolis   
Collinson FX Market Commentary: October10, 2014 - Europe about to blow   
Superior on show at 2014 Gold Coast International Marine Expo   
Gold Coast International Marine Expo - Boats to behold … and much more   
'Largest ever' U.S. Sailboat show cruises into Annapolis   
Collinson FX Market Commentary: October 9, 2014 - KIWI jumps to .7900   
Sail Canada - Keel and Power Programs at AGM   
IBEX 2014 reports 47 percent increase in attendance   
Superior set for METS and enters Waterscape in DAME Awards *Feature   
BIA NSW and SA merger process complete   
Roads and Maritime Services seeks proposals for vessel suppliers   
Ferretti Yachts 550 comes to light   
Marine Manufacturers Forum to take place in Melbourne   
Collinson FX Market Commentary: October 8, 2014 - IMF spooks market   
Vicsail - Boat Show Open Day - d'Albora Marina Rushcutters Bay   
Benetti launches Veloce 140 in the Fast Displacement series   
Keep Australia Fishing - Sydney Marine Park comments   
METS 2014 - Record number of exhibitors heading for Amsterdam   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
  





Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL WAS MBW
LocalAds   DE  ES  FR  IT