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- January 21, 2014 - AUD on downer
Collinson FX Market Commentary- January 21, 2014 - AUD on downer

'The refurbished Steinlager II on the Waitemata harbour'    © 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

US markets were closed for the MLK Holiday, so we saw little action in the markets, which is likely to continue until at least Wednesday when the river of economic data commences.

The EUR was steady, trading 1.3550, and the GBP 1.6425. European markets also remained steady, despite some tremors from Asia. Chinese economic data disappointed with GDP slipping from 7.8% to 7.7%. Industrial Production also slowed, falling from the previous 10% growth rate, back to 9.7%. A slow down in Asian markets is not wholly unexpected but the slack, globally, is expected to be taken up by the developed economies.

The AUD hit four year lows with the disappointing data from China but recovered to open around 0.8800. The KIWI also came under pressure, with local House Prices contracting 1%, reversing the recent explosion in prices and sales.

The NZD also recovered with European markets and will open around 0.8250. A building crescendo of economic data releases and the impact on Central Bank Monetary Policy will drive the remainder of the week.

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=118546

6:10 PM Tue 21 Jan 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