MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: February 19, 2014 - Aussie smelt-down
Collinson FX Market Commentary: February 19, 2014 - Aussie smelt-down


'- 2014 Mahurangi Regatta - Classic Yachts January 25, 2014'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: February 18, 2014

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

Markets were ateady again overnight digesting recent gains and growing economic confidence. US Markets re-opened after the Presidents Day holiday and did little. NAHB Home Price Index slipped back and the Empire State Manufacturing Index contracted, but data has largely been ignored, due to the harsh winter weather engulfing much of the US.

The important, ZEW Economic Sentiment Index in Germany, contracted as did the Eurozone Index. This was not in line with the recent stream of positive economic data and stalled the rise of the EUR, trading around 1.3750 with the GBP 1.6700.

The Australian Economy is experiencing a manufacturing crises, with Aluminium Smelters closing, following hot on the heels of the closure of all car manufacturers. The Government has a big job addressing the transition of these industries into a more competitive areas. The high currency and top-end cost of production has heavily impacted manufacturing. Aluminium is particularly sensitive to the Dollar and with a falling international market price the decision was inevitable..

The previous Government had extended production with financial support but the writing was on the wall. The AUD ignored the domestic bad news and traded 0.9040. The KIWI is trading below 0.8300, but recent strength could be undermined if global data does not shrug of the bad weather and start to improve.

Start - 2014 Mahurangi Regatta - Classic Yachts January 25, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: February 18, 2014

The 'rising tide is lifting all boats' with Global economic confidence on the rise. Earlier talk of a market correction from last years surge in equities was all but forgotten.

It appears emerging markets are recovering and Chinese trade has surged to boost demand for commodities. The AUD has regained 0.9000 and is looking to consolidate although the domestic economy is suffering hits from manufacturing contraction and exports under some pressure.

The KIWI has continued to build on the recovery, reflected in a rise in Retail Sales, rising from 0.2% to 1.2%. This has supported the KIWI which is traded around 0.8350. Confidence in Europe has been rising with GDP growth data confirming a slow improvement.

Italy look to promote their youngest leader and Bonds yields are rallying strongly. This appears to be broad recovery but has yet to be convincing with strong economic data support.

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=119403

2:09 PM Wed 19 Feb 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:

19 Feb 2014  Collinson FX Market Commentary: February 18, 2014 - Tide comes in
13 Feb 2014  Collinson FX Market Commentary: February 13, 2014 - Chinese jump
13 Feb 2014  Collinson FX Market Commentary: February 12, 2014 - Market rally
12 Feb 2014  Collinson FX Market Commentary: February 11, 2014 - Calm before storm
09 Feb 2014  Collinson FX Market Commentary: February 8, 2014 - Confused Wall St
08 Feb 2014  Collinson FX Market Commentary: February 7, 2014 - Kiwi the Rock Star
06 Feb 2014  Collinson FX Market Commentary: February 5, 2014 - Stability returns
05 Feb 2014  Collinson FX Market Commentary: February 4, 2014 - Up, Down, Hold
31 Jan 2014  Collinson FX Market Commentary: January 31, 2014 - Market up Kiwi down
30 Jan 2014  Collinson FX Market Commentary: January 30, 2014 - No RBNZ Rise
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,




PSP Southampton Boat Show - Opening day images
Collinson FX Market Commentary: September 12, 2014 - NZD loses ground
P&O and Princess Cruise Ships to continue operating into Abell Point
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   


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