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

7:42 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



































UK superyacht industry on the rise by British Marine Federation,


















Predictwind helps you pick the best time to depart by Richard Gladwell Sail-World.com/nz,














Clipper Motor Yachts expands with Boat Equity
Check out the Fountaine Pajot Saba 50 at Autumn boat shows
Collinson FX Market Commentary: July 22, 2014 - Europe watched
Brisbane's biggest outdoors expo to celebrate ten years
Vietnam Marina Development: ONE°15 Vung Ro Bay Marina Resort
Sydney Harbour welcomes premium boat storage
Sunseeker boss Stewart McIntyre abruptly leaves luxury yacht builder
One week to go until the 2014 Sydney International Boat Show
Costa Concordia - the $2.25 billion salvage operation ready to begin
Launching at Sydney Boat Show - the all new Falcon 300HT-360 HT range
Volvo Penta reveals keel cooling option for diesel engines
Carla Demaria named keynote speaker for METS 2014
Learn about life beneath water at Gold Coast International Marine Expo
FIXMYBOAT.com.au – Browse, compare and decide
Boat Shows - the engine powering the boating industry
'Honey, Let's Go Boating!' next best-seller for Finkelstein *Feature
2014 Brisbane Boat Show - Set to add new features
Collinson FX Market Commentary: July 19, 2014 - Step into Wonderland
European Commission to take UK to court over red diesel
Understanding the Ocean's role in Greenland Glacier melt
America's Cup: Updates on Team Australia withdraw   
2016-2017 America's Cup - Team Australia withdraws   
Collinson FX Market Commentary: July 18, 2014 - AUD moves up   
Collinson FX Market Commentary: July 17, 2014 - KIWI takes hammering   
Revealing report on Search for American yacht Nina released *Feature   
ECOfishers and AMA to establish NSW Fisheries Taskforce   
PredictWind's Weather Routing opens your navigation options - try it!   
Collinson FX Market Commentary: July 16, 2014 - Oz confirms low rates   
Cameron Appleton joins North Sails   
National 4x4 Outdoors Show - Unprecedented exhibitors expected   
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   


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