MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: August 29 2014 - NZD trading well
Collinson FX Market Commentary: August 29 2014 - NZD trading well

'Optimist-Collinson 024 (1) - - 2014 Toyota Optimist Nationals, Manly'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: August 29, 2014

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

Equities drifted away from record highs over night with increased uncertainty around geo political events disturbing the rally. EU Consumer Confidence contracted while German Employment and Inflation was steady. There was little to boost market confidence, while the single currency drifted below 1.3200 and the GBP held 1.6685.

US GDP rose by 4.2%, annualized, which is in line with the previous quarter and a big improvement from the start of the year. Commodities prices rose and this supported a move up in the AUD, which traded 0.9340, while the KIWI pushes back towards 0.8400.

The domestic focus today will be the NZ ANZ business confidence survey with many expecting a second quarter of decline. The NZD is still trading well against the EUR at 0.6330 and the GBP at 0.5025, both good buying at these levels. US 'Labor Day' long weekend will mean a quiet night is expected to close the week.

:
Optimist-Collinson 025 (1) - - 2014 Toyota Optimist Nationals, Manly -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: August 28, 2014
Little was happening on the economic front globally, thus the bull market stalled while the USD took a breather. The stagnant Eurozone is under intense pressure and the ECB President is threatening further monetary intervention, pushing the EUR below 1.3200 and dragging the GBP to 1.6570 despite Dollar weakness. Commodity currencies experienced a reprieve with a lax reserve.

The AUD consolidated above 0.9300, while the NZD rallied around 0.8350 despite weak economic conditions. The NZD was stimulated by the $1.2 billion announcement by Fonterra that they intend to increase production capacity in New Zealand and intend to acquire a large stake in Chinese infant food manufacturer Beingmate. They also reiterated their farmgate milk price forecast at $6/kg of milk solid, but warned of downside pressure.

The Interest rate differentials provide support for a static NZ economy while a politically unstable Australia offers no real impetus. The NZD is trading up against the EUR at 0.6315 and the GBP at 0.5020. JPY remains solid buying at 86.60. Central Bank commentary and Geo-Political issues will continue to dominate a quiet economic week.

Optimist-Collinson 027 (1) - - 2014 Toyota Optimist Nationals, Manly -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: August 27, 2014

US Economic data continued to support the growing confidence in the markets, with the S&P breaking above the '2000' for the first time. Durable Goods orders surged 22.6%, led by a boom in aircraft orders, while Consumer Confidence jumped the most seen in six years.

This follows promising recent data from the housing sector, supporting the Fed ending QE and considering interest rate rises sooner rather than later. The Dollar will be a long term beneficiary of the Fed Monetary Policy change. The EUR weakened further, to 1.3175, while the GBP traded 1.6550. NZ Trade data deteriorated with exports plunging while imports remained steady.

Commodity prices have not been great and the high interest rate policy, supporting the NZD, has not helped. This is severely denting the 'rock star' shine and raising questions over monetary policy.

The KIWI slipped after the news, dropping to 0.8330, while the AUD stubbornly held on to the 0.9300 big figure. Geo-Political developments remain the biggest threat to currency moves and Central Bank reaction to this and other economic events.

- 2014 Toyota Optimist Nationals, Manly -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: August 26, 2014
The S&P topped 2000, for the very first time overnight, with equities eating up previous records. European markets surged awash with speculation that the ECB is about to embark on their own new QE program.

The additional Central Bank stimulus is due to the dire state of European economies but this will be a huge boost to banks and equities. Not so much the EUR, which will be further diluted, by the ever expanding balance sheet.

The EUR slipped back below 1.3200 while the GBP remained 1.6580. New Home Sales in the US contracted by 2.4%, contradicting recent data, although in line with the erratic economic data releases this year. QE in the US has been hugely controversial and success will be measured with the withdrawal from the massive expansionary policy.

The AUD battled to hold 0.9300 and remains at the whim of the big Dollar while the KIWI trades 0.8340. NZ Trade data will be released today and it is hard to see any improvements with the environment created by the only contractionary Central Bank in the OECD!

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=126120

12:10 PM Fri 29 Aug 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:

28 Aug 2014  Collinson FX Market Commentary: August 28 2014 - US takes a breather
27 Aug 2014  Collinson FX Market Commentary: August 27 2014 - US economy pumping
27 Aug 2014  Collinson FX Market Commentary: August 26 2014 - Europe surges
22 Aug 2014  Collinson FX Market Commentary: August 22 2014 - KIWI fight back
21 Aug 2014  Collinson FX Market Commentary: August 21 2014 - KIWI drops further
21 Aug 2014  Collinson FX Market Commentary: August 20 2014 - KIWI drops on Data
19 Aug 2014  Collinson FX Market Commentary: August 19 2014 - ANZAC gap widens
17 Aug 2014  Collinson FX Market Commentary: August 16 2014 - Mixed message at end
16 Aug 2014  Collinson FX Market Commentary: August 15 2014 - AUS consolidation
15 Aug 2014  Collinson FX Market Commentary: August 14 2014 - Aussie confidence up
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,










Abbott Government delivers on marine conservation promise
Garmin ClearVü™ with CHIRP sonar-chartplotter series
Multihull Central: Record sales, Outremer blog, Regattas and much more
Collinson FX Market Commentary: September 11, 2014 - Dollar rallies
Victorian Marina Industry hit with above average taxes and charges
4th Multihull Solutions Whitsunday Rendezvous an outstanding success
Lowrance signs exclusive partnership with Skeeter Boats
Get your entry in to win a Suzuki Powered Rigiflex Safety Boat
Collinson FX Market Commentary: September 10, 2014 - Apple inspires
Stefan Boating World launches new models at Brisbane Boat Show
Record numbers expected at 2014 Ocean Marina Pattaya Boat Show
British Sailing Team join forces with Zhik for new clothing range
Command Thrust outboards with Counter-Rotation find eager market
Collinson FX Market Commentary: September 9, 2014 - UK Breakup
Record sales driven by new interest in catamarans
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   


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