MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: January 17, 2014 - NZD marches on
Collinson FX Market Commentary: January 17, 2014 - NZD marches on


'Auckland 18ft Skiff Championships - December 15, 2013'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: January 17, 2014, 2013

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

Overnight US equities fell on the back of some soft earnings reports out of the US. European currencies experienced some volatility around the US data releases overnight. EUR/USD holding tight at 1.3600 .

The biggest story was the fast downward move of the AUD after they posted a poor jobs report for December, declining 22.6k. The AUD gapped from .8900 to .8800 very quickly but managed to stabilise overnight. All eyes on another RBA cut this year.

The benefactor of yesterdays result was the NZD/AUD which marched through .9400 and crept even higher toward .9480. Whats stopping it from going to .95 and beyond ? Tonight sees UK retails sales along with a raft of US data, Industrial production, Dec housing starts and University of Michigan Confidence survey. Kiwi Dollar remains firm at just under .8350

Auckland 18ft Skiff Championships - December 15, 2013  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: January 16, 2014, 2013

US Equities eliminated this years losses, with revised global growth prospects improving, according to the World Bank. The Bank revised Global growth prospects of developed countries higher as the economic recovery becomes widespread and entrenched.

Contraction of Monetary Policy is not seen as a boon for emerging economies who have been marked down. New York Manufacturing is improving strongly with the Index rising from 2.27 to 12.51, well in excess of expectations. Weekly Mortgage Applications improved by 11.9%, giving further evidence of a recovery in the Housing market. This is a boost to the Dollar with likely continued tapering to the QE Infinity program.

The EUR slipped below 1.3600 and the GBP retreated back to 1.6350. Commodity currencies continue to receive strong support but the rejuvenated USD has had an impact. The AUD is trading around 0.8900 and the KIWI back to 0.8330.

The Biege Book will give an insight into the Feds confidence in the US economy and confirm the relative pace of the contraction in Monetary Policy

Auckland 18ft Skiff Championships - December 15, 2013  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: January 15, 2014, 2013

US Equity markets rebounded after the stunning losses suffered the previous trading day. Losses were sustained due to fears over a weaker earnings season and the digestion of the horrible Employment data, Friday. Today Retail Sales improved 0.2% for the month of December, building on previous gains, supporting the theory of recovery in the all-important Consumer Sector.

The Economic situation seems to be improving and now leads to 'good news' being treated as 'good news'. The Dollar remains a litmus test and real improvement should be reflected in the growing strength of the reserve currency. The EUR was steady trading 1.3680 and the GBP 1.6450.

Commodities remained well supported and the associated currencies are well bid. The AUD is trading back under.9000 and the KIWI looks set to test 0.8400...this has pushed the NZD/AUD cross to above .9300.

They remain vulnerable to any big recovery in the USD and continued tapering of QE Infinity.

December 15 2013 18fter Auckland Championships  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: January 14, 2014, 2013

With little in the way of economic data release, markets were left to ponder the Fed. QE Infinity has flooded the markets with liquidity and tripled the Feds balance sheet.

The destruction of wealth and the US Dollar, has been enormous, but enhanced the competitiveness of America. The citizens are the major casualties, but equitiy owners, have gained much. Tapering has begun but the extent is not clear. The Eurozone has not fared well in the New Year and the EUR has dropped to 1.3650 with the GBP 1.6365.

The expansion of the money supply has undermined the value of the Dollar and has enhanced the prices of commodities.

The recovery in the associated currencies has begun with the AUD storming through the big, big figure and topping 0.9050 and the KIWI moving towards 0.8400. The weakness in the reserve currency is an indication markets do not believe that Yellen will continue tapering.


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=118451

6:42 AM Fri 17 Jan 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:

16 Jan 2014  Collinson FX Market Commentary: January 16, 2014 - Recovery continues
16 Jan 2014  Collinson FX Market Commentary: January 15, 2014 - US rebounds
14 Jan 2014  Collinson FX Market Commentary: January 14, 2014 - AUD storms through
11 Jan 2014  Collinson FX Market Commentary: January 10, 2014 - US misses data
09 Jan 2014  Collinson FX Market Commentary: January 9, 2014 - News gets better
08 Jan 2014  Collinson FX Market Commentary: January 8, 2014 - Equity Markets rally
08 Jan 2014  Collinson FX Market Commentary: January 7, 2014 - Kiwi starts strong
21 Dec 2013  Collinson FX Market Commentary: December 20, 2013 - AUD crashes
19 Dec 2013  Collinson FX Market Commentary: December 19, 2013 - Confidence builds
18 Dec 2013  Collinson FX Market Commentary: December 18, 2013 - AUD eases into NZD
MORE STORIES ...




Marine Business News

The Barcelona International Boat Show closes its doors in Port Vell this afternoon and confirms a trend towards recovery in the sector. Over the course of five days, the show which presented 120 new products and 650 vessels recorded a large turnover and number of visitors, who were able to take an active part in more than 100 programmed activities. ... [more]  

RMYC Port Hacking Sailing Division has been using 'Race Logger', an Android App to assist in management of the club’s offshore racing programs. The club has a proud tradition for timely production of race results with Vice Captain, John Barter generally uploading the race result to the club’s website before members have returned to the clubhouse. ... [more]  

Ferruccio Rossi was recently appointed as new Group President / General Manager of Sanlorenzo Spa, the Italian shipyard leader in the production of strictly tailor made motor-yachts, at the second place in the world ranking of top 20 builders over 24 meters (Global Order Book 2014). Rossi will report directly to the Chairman / CEO Massimo Perotti. ... [more]  

October 22, 2014: The Slipping USD did support the associated currencies, with the AUDUSD again testing 0.8800, while the KIWI awaits further carry trade. The NZDUSD looked to do gathering strength for another attempt at 0.8000, supported by attractive interest rate differentials, before taking a turn for the worst to trade 0.7935. ... [more]  

Groupe Beneteau today announced its sponsorship of the US Sailing Team Sperry Top-Sider and ISAF Sailing World Cup Miami. Groupe Beneteau, the parent company of Jeanneau and Beneteau sailing yachts and Lagoon catamarans, is the world’s leading yacht builder, and will now become a significant presence in high-performance sailing with its support of both the US national sailing team ... [more]  

After 18 years leading one of the world’s most influential yacht brokerage houses, Nicholas Edmiston, the founder, is to step back from the day-to-day management of the business. Jamie Edmiston will become Chief Executive with immediate effect, with Nicholas serving as Chairman. ... [more]  

One of Australia's oldest production yacht importers has changed its name to more accurately reflect the products on offer. Effective from October 17, US Yachts will be known as Performance Cruising Yachts. Explaining the name change, former Olympian and Managing Director of the company, Matt Hayes, said it was something he had been pondering for some time. ... [more]  

October 21, 2014: The Dollar continued to retreat under the expected extension of the Fed's QE. The EUR moved to 1.2800, while the GBP booked further gains, to trade 1.6160. Commodity prices remain weak, but the flagging reserve boosted the AUD back towards 0.8800 and the KIWI to 0.7950, despite a fall in consumer confidence. ... [more]  

PredictWind have made significant improvements to the swell forecasting models and added new locations. Integrating the new 50km global wind forecast with ocean current data has created the most advanced swell modelling available online. By combining PredictWind forecast data with ocean current data, the effect of the wind on swells can be accounted for ... [more]  

Imagine finishing the Coastal Classic and relaxing in your own waterfront home at Opua with your boat tugging gently on a deep-water mooring off the lawn. Built to an architect design in 2000, this north-facing waterfront Opua property is a short walk to the marina and boatyard. It is going to auction on November 22. View this Labour Weekend after the Coastal Classic. ... [more]  

The event has historically been conducted at the Brisbane Showgrounds, however as a result of the significant construction and redevelopment of that venue, it has presented many operational difficulties in continuing todeliver a high quality event expected by exhibitors andvisitors to an industry boating showcase. ... [more]  

MMC has presented PaddleNSW with 50 new generation lifejackets so its coaches and instructors can help role model behaviour to further encourage everyone on the water to wear lifejackets. 'The lifejackets will be used to kit out PaddleNSW’s network of training staff and volunteers in key locations across NSW,' said MMC General Manager Howard Glenn. ... [more]  

The Australian marine industry is singing the praises of the fourth annual Gold Coast International Marine Expo, reporting strong sales and even greater prospects in the lead-up to summer. 'Based on exhibitor feedback, the total sales at the Expo alone would certainly be in the order of tens of millions of dollars,' she said. ... [more]  

Headsync, of Newport, R.I., has been named as the East Coast distributor for Gobius products. Gobius’ unique external monitors require no modifications of existing tanks, and unit can adapt to existing onboard gauges. External measuring of black water tanks is more effective because the gauge never comes in contact with the fluid, avoiding clogging issue associated with in-tank systems. ... [more]  

The Australian Superyacht and Marine Export Industry Conference is partnering with the Sanctuary Cove International Boat show for the fifth consecutive year with SCIBS recognizing the international exposure and attraction of industry players the conference brings to the boat show. ... [more]  

2014 Gold Coast International Marine Expo - Marine Syndication, a division of Marine Auctions, was in full swing at the Gold Coast International Marine Expo that took place at the Gold Coast Marine Precinct in Coomera. ... [more]  

More than 13,000 visitors flocked to Scotland’s Boat Show 2014 (SBS14) at Kip Marina, Inverclyde last weekend as the boating world showed off everything from a £500 dinghy to an £800,000 Sunseeker luxury powerboat. SBS14 is the largest boat show in Scotland and the third largest in the UK and, with over £15m worth of boats on display, there was something for every budget. ... [more]  

RYA Scotland Annual Awards - As the end of the year gets closer it is time to review the season and time spent on the water. People taking up the sport for the very first time and the new skills they have learned, the young performance sailors who have brought home national and world titles, the 250 boats and thousands of spectators who witnessed the Commonwealth Flotilla and all the people ... [more]  

2014 Gold Coast International Marine Expo - The awe-inspiring aerial antics of the Extreme High Diving show at this weekend’s 2014 Gold Coast International Marine Expo have a whole new flavour, with McDonald’s signing up as an event partner. ... [more]  

Alongside the line-up yachts and boats by international and local brands, visitors to this year’s Yacht CN will have a chance to enjoy the exciting Moto Surf China Race, passionate samba dances, bikini model shows, international music band performances, and popular international DJ music on-site. ... [more]  

Boyan Slat is a 20-year-old on a mission - to rid the planet's oceans of floating plastic. He has dedicated his teenage years to finding a way of collecting it. But can the system really work - and is there any point when so much new plastic waste is still flowing into the sea every day? ... [more]  

Discover Boating Week starts tomorrow by Boating Industry Association
Discover Boating Week is a celebration of the recreational boating lifestyle and the joys and fun that come with spending quality time on the water. Whether you're a fisherman, paddler or sailor, there is something for everyone. Over 40 events will be taking place across the state from October 18 - 25 and the best part is, they all absolutely free! ... [more]  

October 17, 2014: Markets continued to leak overnight despite attempts by St Louis Fed President Bullard to calm the storm. He advocated further extension of monetary stimulus to combat the sharp collapse in confidence. The European Union is under extreme pressure ... [more]  

Great start to another massive Gold Coast International Marine Expo by Emma Milne/Gold Coast International Marine Expo
The Gold Coast International Marine Expo – open all weekend – is a marquee event for the marine industry and has delivered on its promise of 'all things aquatic – from super yachts and jet skis to kayaks and fishing equipment … and everything in between'. ... [more]  

The Australian Sailing Team has today official opened an extended deck at the National Training Centre at Middle Harbour Yacht Club in Sydney. Australian Institute of Sport (AIS) Director Matt Favier officially opened the extension, which upgrades the Australian Sailing Team’s AIS Training Centre to integrate Paralympic training and to accommodate more rigging and launching area ... [more]  

After a year of intense activity MSE’s ‘GLEAMS’ (Glycerine Fuel for Marine Sustainability), project has completed. The project consortium have gathered the evidence and conducted the analysis necessary to show that glycerine is a technically feasible very low emissions alternative fuel in the marine market. ... [more]  

The 2014 Fort Lauderdale Boat Show is fast approaching and I want to know if you’re planning to attend. If you are, I'd like to let you know about some of our must-see clients. ... [more]  

Gerhard Bukac has joined DualDocker reinforcing the team as International Sales Manager and will ultimately, after his training period, be responsible for ‘Global Sales’ and for coordinating, supporting and training the entire sales force. His thorough technical background, experience in sales, as well as his devotion to boating make him an ideal DualDocker team member. ... [more]  

Ian Broad and Ian Lindsay and their beloved Hood Sails in Sydney have become a sail making institution on the Australian scene. Established in 1971, Hood Sail makers (Aust.) P/L is 100% Australian owned and operated by the two Ian’s and it was the first Hood sail loft outside of the USA. This week we interviewed Broadie. ... [more]  

October 17–24 has been declared Safer Boating Week this year, in what will become an annual focus on keeping boaties safe in the lead up to Labour Weekend – the traditional time to get boats and gear ready for summer. Members of the National Pleasure Boat Safety Forum, chaired by Maritime NZ, will run a range of activities in the week aimed at getting three simple messages through to boat owner ... [more]  

October 16, 2014: European markets hit the panic button overnight with share markets losing over 3%! A sudden realisation or the straw that broke the camels back? The German market looks like it has gone back into recession and that was the only beacon of hope. ... [more]  

SMAR Azure is pleased to announce the appointment of Brad Stephens, as Sales Agent for Australia and New Zealand. The appointment of Brad Stephens, based in the Harbour city of Sydney, will ensure easy access for Australian and New Zealand customers to SMAR Azure's unique products and services. ... [more]  

Yachting Australia's night of nights is almost here, with the sport's annual awards celebration set to take place this Friday night at the Australian National Maritime Museum in Sydney. ... [more]  

2014 Gold Coast Int'l Marine Expo - One more sleep until massive event
Collinson FX Market Commentary: October15, 2014 - Oil a victim
Teijin Aramid increases prices for Twaron Aramid products
Dr. Shrink tightens distribution in Russia
Doha's Mourjan Marinas – Lusail City to expand
Boats recovery after Sydney storm
Partnership to encourage lifejacket use
The feud that sank Wharro's Wild Thing
Ocean Safety appoints additional Sales Coordinator
Barcelona Int'l Boat Show - 120+ new products and a hundred activities
Discover Boating Week opens up opportunities to participate
Southern Spars team celebrates 25 years of success and innovation
605 Sportsfish named Australia's Greatest Boats 2015 Finalist!
2014 Gold Coast International Marine Expo - Multihulls set to dominate
Gold Coast International Marine Expo - NAB customers the big winners
Icarus Sailing Media partners with Ace Electronics Enterprise
ACI launches construction of Marina Slano
Vaughan Bullivant cuts Daydream Island price tag to $30 million
Delegate registration opens for marine15
Sir Ben Ainslie praises British superyacht apprentices
2014 GC Int'l Marine Expo - Club Marine’s Bart Beek shares the secret   
Collinson FX Market Commentary: October11, 2014 - Ominous correction   
The Barcelona World Race at the Barcelona International Boat Show   
United States Sailboat Show - Alistair Murray honored in Annapolis   
Collinson FX Market Commentary: October10, 2014 - Europe about to blow   
Superior on show at 2014 Gold Coast International Marine Expo   
Gold Coast International Marine Expo - Boats to behold … and much more   
'Largest ever' U.S. Sailboat show cruises into Annapolis   
Collinson FX Market Commentary: October 9, 2014 - KIWI jumps to .7900   
Sail Canada - Keel and Power Programs at AGM   
IBEX 2014 reports 47 percent increase in attendance   
Superior set for METS and enters Waterscape in DAME Awards *Feature   
BIA NSW and SA merger process complete   
Roads and Maritime Services seeks proposals for vessel suppliers   
Ferretti Yachts 550 comes to light   
Marine Manufacturers Forum to take place in Melbourne   
Collinson FX Market Commentary: October 8, 2014 - IMF spooks market   
Vicsail - Boat Show Open Day - d'Albora Marina Rushcutters Bay   
Benetti launches Veloce 140 in the Fast Displacement series   
Keep Australia Fishing - Sydney Marine Park comments   


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
  





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