MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: February 28, 2014 - KIWI books gains
Collinson FX Market Commentary: February 28, 2014 - KIWI books gains

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

Collinson FX market Commentary: February 28, 2014

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


The recent revolution in the Ukraine has not been welcomed by Russia with Putin now focusing on a 'Greater Russia'.

Federal Reserve President, Yellen, reflected on QE Infinity and openly advocated a halt to tapering if the economy continues to weaken. Equities jumped and the Dollar was slammed. Recent gains were wiped out, with the EUR rising back to 1.3710 and the GBP towards 1.6700.

Durable Goods Orders fell 1% and Weekly Jobless Claims climbed as economic data confirmed a slowing economy. The weather has been an excuse, but a continuation will worry the Fed and allow a resumption of QE Infinity. Geo-Political issues also grabbed the headlines with the Ukraine the current center of attention.

The Olympic completion has allowed a return to business and Putin will not relinquish the Ukraine without a fight. He is currently building up military forces on the Russo-Ukraine Eastern border and will likely also use economic carrot/sticks. A predominantly Russian population in the Semi-Autonomous, Crimea, have risen up to the 'Fascist Revolutionaries' which may provide Putin with an excuse for action.

The KIWI continued to book recent gains, rising to 0.8350, after continued improvement in Trade data and support from a weakening reserve. The AUD failed to book gains, despite a tanking USD, as more bad news engulfed the country. The national carrier, Qantas, announced a massive loss and emergency measures to fight the crises.

This is another domino to fall in recent times, with closures in Aluminium Smelters and the entire car industry. This explains the poor performance of the AUD, which has slipped well below 0.9000, with investors finding more attractive currencies and investments.

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

Collinson FX market Commentary: February 27, 2014
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=119697

1:36 PM Fri 28 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:

27 Feb 2014  Collinson FX Market Commentary: February 27, 2014 - NZ 'Rockstar'?
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
MORE STORIES ...




Marine Business News













































Understanding the Ocean's role in Greenland Glacier melt by Woods Hole Oceanographic Institution (WHOI),










Revealing report on Search for American yacht Nina released *Feature by Rob Kothe and the Sail-World team,












New-to-New Zealand products at the Auckland On Water Boat Show
Auckland on the Water Boat Show: Two new Bavaria yachts on display
AYSS PacificNet/Tahiti voted a success!
Collinson FX Market Commentary: July 15, 2014 - Rising interest hits
July 2014 edition of Finnfare has been published
Taiwan's first marina a Superior effort *Feature
Vaavud launches generation 2 wind meter
Research highlights marinas economic, social and environmental benefit
Solar 1 Monte Carlo Cup 2014 - Monaco sunshine new fuel for motorboats
Hamilton Island Audi Race Week 2014 - Accommodation options
Rio cleaning up its act in the lead up to Olympic sailing test event *Feature
Collinson FX Market Commentary: July 12, 2014 - KIWI heads to 90c
National Squib Owners Association and Rondar Raceboats join forces
Collinson FX Market Commentary: July 11, 2014 - Portugal bank defaults
Sydney International Boat Show updates
Portland’s new state-of-the-art boat ramp officially opened
Collinson FX Market Commentary: July 10, 2014 - KIWI hits higher
SECUMAR appoint new sales director
Collinson FX Market Commentary: July 9, 2014 - New stat pushes ANZACs
Your invitation to the Seawind 1160 LITE World launch
APSNZ appoints Duthie Lidgard as new MD   
Abell Point Marina looking shipshape   
Oceanis 48 at the Sydney International Boat Show   
Bar Crusher's fully-enclosed fishing weapons   
World premieres and national debuts for Sydney International Boat Show   
Marine Auctions experiencing rising tide of interest *Feature   
Télégramme Group acquires majority stake in OC Sport   
Barnacle-encrusted Mercury outboard starts after lengthy submersion   
Auckland On Water Boat Show to hold world record attempt   
Zodiac at Sydney International Boat Show 2014 – Australian   
Gold Coast International Marine Expo - Exhibitor space filling fast   
Countdown to Sydney International Boat Show *Feature   
Collinson FX Market Commentary: July 5, 2014 - AUD jaw boned lower   
Collinson FX Market Commentary: July 4, 2014 - AUD Overvalued   
Cannes Yachting Festival - Oceanic Yachts 90' STS to premiere   
Global Marina Institute recognises marina professionals worldwide   
Ferretti Group continues to grow internationally   
Mobiles drive traffic - 72% increase in Sail-World.com page view *Feature   
Auction - Beneteau First 47.7 - Sintara   
Fusion achieves industry-wide acceptance of FUSION-Link   


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 WAS MBW
LocalAds   DE  ES  FR  IT