MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: April 12, 2014 - ANZAC pushed back
Collinson FX Market Commentary: April 12, 2014 - ANZAC pushed back

'Kylie Jameson - NZ Womens Nationals 2014, Day 2,'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: April 12, 2014

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

Nervous equity markets continued to capitulate eliminating much of recent gains and destroying confidence. There was little in the way of economic data release, thus reinforcing the negative sentiment, flooding markets.

Demand has slipped from the Chinese powerhouse and commodities are slipping. This forced the AUD lower although a rebound by the New York close allowed a return to just below 0.9400. The inherent weakness of the reserve currency has allowed a false narrative with risk currencies pushing the KIWI back towards 0.8700.

The Feds view of the US economy is negative and extended QE has hit the Dollar hard. This has allowed the EURO to hlod 1.3880 and the GBP 1.6730. A falling tide drops all boats!

There is little to get excited about in the coming week except Easter! Housing Data and Retail Sales in the US will give some guideline.

Katie Clark, NZ Womens Nationals 2014, -  © Richard Gladwell   Click Here to view large photo
copy
Collinson FX market Commentary: April 11, 2014

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=121052

1:32 PM Sat 12 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:

12 Apr 2014  Collinson FX Market Commentary: April 11, 2014 - Up and down, again
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
MORE STORIES ...




Marine Business News











Great Barrier Reef plan released for comment by Queensland Minister for Environment,
















Brisbane Boat Show begins *Feature by Jeni Bone,








































Southport Yacht Club celebrates opening of 68th season *Feature
Brisbane Boat Show starts Friday - biggest in 10 years! *Feature
Marine Auctions adds new recruits *Feature
Ministerial advisory group launched by united marine industry sector
2014 Auckland on Water Boat Show: Coming up at the end of September
Australian research sheds light on ocean garbage gyres *Feature
Sevenstar Yacht Transport names Kris Caren West Coast Representative
New Masts for an historic Australian boat - the Young Endeavour
Round the World racer joins Southern Pacific Inflatables
Dinghy foiling takes off around the world
2014 Gold Coast Int'l Marine Expo - Quintrex factory opens its doors
New exhibition explores role of Royal Australian Navy in WWI
18 anti-piracy weapons for ships to fight pirates
Hamilton Island Audi Race Week 2015 - Accommodation options
Sydney Sailboat Expo 2015 site confirmed
Skysol Frame Large: A new shading solution for sunroofs
Collinson FX Market Commentary: September 6, 2014 - Russian control
Collinson FX Market Commentary: September 5, 2014 - Nervous Election
Collinson FX Market Commentary: September 4, 2014 - 'Rock-star' fades
Enerdrive, national distributor for Fischer Panda Generators
New earlier date for ICA’s Cruising Prep Seminar proving popular   
Southern Spars One Design complete 500th J/70 rig   
Camper & Nicholsons Yachts presents the Sagitta 42   
Brunswick Marine in EMEA announces intuitive user interface   
Hutchwilco expands sales and marketing team   
Collinson FX Market Commentary: September 3, 2014 - NZD trades strong   
Marina of the Year Awards - Now open for entry   
Grand Pavois - A chance to catch up with the trends   
RYA Digital Day at the PSP Southampton Boat Show   
Collinson FX Market Commentary: September 2, 2014 - AUD trades steady   
XCAT Series gets set to conquer another continent in 2015   
2014 Mandurah Boat Show - Third largest boat show in Australia   
Fishers invited to industry meetings   
2014 Gold Coast International Marine Expo - Eye on the big picture   
Yanmar re-powers harbour commuter ferries   
Andrew Scott joins Superior as General Manager *Feature   
Fish find sanctuary in Cove's Marina   
2014 Gold Coast International Marine Expo - Fastest Jet Ski ever built   
Best Birthday Party ever at Southport Yacht Club! *Feature   
‘Hall of Fame’ status for Empire Marina *Feature   


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
   Archive News





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 NEW MBW
LocalAds   DE  ES  FR  IT