izmir haber izmir haber malatya haber malatya haber
 

MarineBusiness-World.com
 
 
News Features Cruising Photos Videos Events Newsletters Submit

 

Sail-World.com : Collinson FX Market Commentary- February 4, 2014 - Up, Down, Hold
Collinson FX Market Commentary- February 4, 2014 - Up, Down, Hold

'Mahurangi 240114 007 - 2014 Mahurangi Regatta - Classic Yachts January 25, 2014'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: February 4, 2014

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

Nervous markets again sparked a sell-off with quick reaction to surprisingly weak ISM Manufacturing data. The huge gains in equities, over the course of the Feds QE programs, had to have an impact and saw an unprecedented rally in markets with the more than tripling of the Fed's balance sheet. Bernanke decided the economy was on the road to recovery and decided to begin tapering QE infinity.

This has caused a correction, by the order of 5%, enhanced by weaker economic data. The ISM Manufacturers survey was expected to be steady but fell from 56.5 to 51.3! This shocked markets and triggered yet another sell-off. The USD remained relatively steady, considered the ordination of the new Fed Chairman, Yellen. The EUR was steady with Manufacturing PMI holding up but the GBP gave up recent gains with a fall in Manufacturing. The EUR held 1.3500, but the GBP dropped over a big figure, to trade around 1.6300.

Chinese Non-Manufacturing PMI fell to 53.4 from 54.6, continuing recent reports, of a slow down in the worlds factory. The AUD remained steady, despite a fall in Building Approvals, which remain robust over the annualised numbers (up 21.8%).

The AUD traded 0.8775 and the KIWI managed to regain 0.8100, surprising many, in light of the fall in risk appetite. Economic data and central bank activity will continue to drive markets with the RBA in action early!

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=119013

11:07 PM Tue 4 Feb 2014 GMT




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 Apr 2016  Collinson FX Market Commentary - April 26 - A flood tide of data
24 Apr 2016  Collinson FX Market Commentary - April 23 - RBNZ Rate cut tempting
23 Apr 2016  Collinson FX Market Commentary - April 22 - A break out week
21 Apr 2016  Collinson FX Market Commentary - April 21 - Oil on post Nov high
20 Apr 2016  Collinson FX Market Commentary - April 20 - Kiwi cracks USD 70c
19 Apr 2016  Collinson FX Market Commentary - April 19 - Oil prices recover
18 Apr 2016  Collinson FX Market Commentary - April 17 - AUD drops big time
15 Apr 2016  Collinson FX Market Commentary - April 15 - Steam runs out of Rally
14 Apr 2016  Collinson FX Market Commentary - April 14 - China has major upturn
13 Apr 2016  Collinson FX Market Commentary - April 13 - Oil leads the charge