MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: February 27, 2014 - NZ 'Rockstar'?
Collinson FX Market Commentary: February 27, 2014 - NZ 'Rockstar'?

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

Collinson FX market Commentary: February 27, 2014

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

US New Home Sales jumped to a 5 year high, increasing 9.6%, and reversing recent trends. The improved data was enough to spur equities higher and boost the Dollar. A reversal in economic conditions may have tempted Fed President, Yellen, to stall tapering and this may have removed the temptation.

The Dollar rallied strongly, with the EUR falling to 1.3670 and the GBP back to 1.6640. German Consumer Confidence improved to 8.5, from 8.3, and GDP growth in the UK hit 2.7%. European conditions are slowly improving but this will not assist the currency as the Dollar books gains without QE Infinity.

The rise in the reserve currency pushed associated currencies lower, with the AUD dropping below 0.8950 and the KIWI below 0.8300.

The release of NZ Trade Data today will be watched closely and is expected to support the 'rock star economy' status although the currency direction continues to be driven by macro-economic conditions.

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


Collinson FX market Commentary: February 25, 2014
The week began on a positive note, with lots of platitudes from the G20, promising Global growth and a recovery for all!

Markets have ignored the recent string of weak economic data, excused by the extreme winter weather conditions in the US, and taken heart from Yellen's promising continued tapering.

'Beware the Wolf in Sheep's clothing!' The EUR slipped back to 1.3725, after benign CPI data, confirming little in the way of measured inflation. The GBP is trading around 1.6600 and remains susceptible to reserve currency moves. Confidence continues to drive commodities higher and the associated currencies.

The AUD is attempting to mount 0.9000 again and the KIWI has breached 0.8300, with local Credit Card spending continuing to rise, supporting growing consumer confidence in the 'rock star' economy. Direction will continue to come from US data and Central Bank commentary.

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=119657

10:55 PM Wed 26 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:

25 Feb 2014  Collinson FX Market Commentary: February 25, 2014 - Positive start
22 Feb 2014  Collinson FX Market Commentary: February 21, 2014 - US Dollar rises
21 Feb 2014  Collinson FX Market Commentary: February 20, 2014 - Markets cool off
20 Feb 2014  Collinson FX Market Commentary: February 19, 2014 - Aussie smelt-down
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
MORE STORIES ...




Marine Business News







Volvo Ocean Race CEO Knut Frostad talks Time and Money (Part II) *Feature by Rob Kothe and the Sail-World team,
















Yamaha inspires students to succeed by Yamaha Motor Australia,






Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature by Rob Kothe and the Sail-World team,






Swan celebrates sales success *Feature by Jeni Bone,








Stealth i14 out of China by Neil Patchett,






















Volvo Team Vestas Wind skipper Nico says: 'We can win' - Part II *Feature by Rob Kothe and the Sail-World team,


Volvo Ocean Race Team Vestas Wind skipper - One Design is key *Feature
2014 National 4x4 Outdoors Show: Popularity of caravanning and camping
2015 Sydney Inte'l Boat Show - Boating Industry commences planning
Volvo Ocean Race - Danish entry confirmed as Team Vestas Wind
Collinson FX Market Commentary: August 12 2014 - NZ Credit Card dead
Pacific Boating membership offers hassle-free boating *Feature
Marine15 expands trade, networking and B2B opportunities *Feature
2014 Auckland on the Water Boatshow - Huge prize packs up for grabs
Fire causes million dollar damage on HMAS Bundaberg
4X4 Outdoors Show and Fishing and Boating Expo wows water lovers
Volvo Ocean Race: Win a stopover trip by designing an ECsix T-Shirt
Collinson FX Market Commentary: August 9 2014 - RBA confirms low rates
2014 Audi Hamilton Island Race Week: Last minute accommodation options
Sydney Int'l Boat Show - Stellar results for Multihull Solutions
Collinson FX Market Commentary: August 8 2014 - Oz jobless jumps
NSW Environment Minister awards 'Fish Friendly' Marina Accreditations
PSP Southampton Boat Show - Don't miss the most exciting show ever
Doyle Sailmakers delivers sails to 60m Perini Navi Sloop Perseus 3
METS - New look and feel for SuperYacht Pavilion
Aurora to ship Riviera’s World Premiere to Fort Lauderdale
Collinson FX Market Commentary: August 7 2014 - NZ UnEmployment drops   
Extreme Sailing Series and GAC Pindar extend logistics contract   
Elaine Fowler, RPAYC's first female life member elected   
Chief Executive Officer sought for Yachting Australia   
Refurbished Protector project 'better than buying new'   
Explore Australia Expo to return to Melbourne Showgrounds in 2015   
Collinson FX Market Commentary: August 6, 2014 - Jawboning hits NZD   
Gold Coast International Marine Expo - High-Diver Steve Black is back   
4x4 Outdoors Show, Fishing and Boating Expo - Campfire cooking corner   
Serenity Marina offers a yacht sanctuary in southern China   
Collinson FX Market Commentary: August 5, 2014 - Equity markets jump   
Loads in store from the RYA at the PSP Southampton Boat Show   
Royal Prince Alfred Yacht Club’s Jack Gale training centre born   
See the heat with FLIR ONE *Feature   
John Temple to retire, Will Sangster appointed General Manager   
Multihull Central launches Aquila range at SIBS *Feature   
Dredging link to WA coral disease   
Cannes Yachting Festival - Come see the 55 meter Ocean Paradise   
Sun shines on recreational boating at Sydney International Boat Show   
Phuket Yacht Show: new kid on the block taking on PIMEX? *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