MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: January 23, 2014 - Inflation bogeyman
Collinson FX Market Commentary: January 23, 2014 - Inflation bogeyman


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

Collinson FX market Commentary: January 23, 2014, 2013

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

Markets were fairly static with no major economic releases overnight. The avalanche of data will be triggered tonight with a veritable plethora.

The EUR was static, trading 1.3550, but the GBP jumped a big figure to 1.6575. UK Unemployment fell to 7.1%, sparking speculation that interest rates may have turned, and rises may be in the tea leaves? Australian consumer confidence fell 1.7% but inflation is on the rise.

The CPI rose to 2.7%, from 2.2%, boosting prospects of interest rate rises. This is not good news, as this is the awakening of the sleeping giant. Inflation is now welcomed as a sign of growth, in many quarters, but should be considered a nefarious cancer on any economy. The news was greeted with a spike in the currency, jumping back to 0.8850, supported by interest rate differentials.

The KIWI held 0.8300, bathing in the OZ limelight, with interesting conundrums rising. Pressures now grow for the Central Banks with inflation raising the ugliest of all heads, but rising interest rates may kill anaemic growth?! The dilemma continues, but much will be determined by US economic data, as is the norm.

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

Collinson FX market Commentary: January 22, 2014, 2013
US markets reopened after the long week end with little to cheer about. There was no significant economic data releases to drive market direction so the focus fell to earnings, which disappointed.

Earnings missing expectations takes the wind out of an over valued equity market, fueled by extreme monetary policy. Failure to provide earnings for over valued stocks merely confirms the bubble. This did not assist the progress of the Dollar with the EUR moving to 1.3550 and the GBP back to 1.6475.

European markets were buoyed by strong ZEW Economic Sentiment reports in Germany and the Eurozone. The economic sentiment report raced to 41.2 from 32.4 in Germany and charged from 68.3 to 73.3 across the single market. The good news from Europe may be short lived with little in the way of solid data to support a substantial rally.

The commodity currencies took advantage of the flagging Dollar with the KIWI bursting aggressively through 0.8300, as a slightly higher inflation number trumpets interest rate hikes again , and the AUD managing to breach 0.8800. Economic data releases across Asia, Europe and the US grow in momentum, as the week progresses, and this will drive currency direction.

The refurbished Steinlager II on the Waitemata harbour -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: January 21, 2014, 2013

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=118618

1:41 PM Thu 23 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:

22 Jan 2014  Collinson FX Market Commentary: January 22, 2014 - No cheer from USA
21 Jan 2014  Collinson FX Market Commentary: January 21, 2014 - AUD on downer
17 Jan 2014  Collinson FX Market Commentary: January 17, 2014 - NZD marches on
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
MORE STORIES ...




Marine Business News































Volvo Ocean Race CEO Knut Frostad talks Time and Money (Part II) *Feature by Rob Kothe and the Sail-World team,
















Yamaha inspires students to succeed by Yamaha Motor Australia,






Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature by Rob Kothe and the Sail-World team,






Swan celebrates sales success *Feature by Jeni Bone,








Stealth i14 out of China
Brisbane Boat Show 2014 - New boat engines set to rev up interest
Collinson FX Market Commentary: August 15 2014 - AUS consolidation
National 4x4 Outdoors Show and Fishing and Boating Expo - 4WD heaven
Yanmar selected for big torque at low revs
Sydney Boat Show display winners recognised *Feature
Superyacht Australia sees resurgence for yacht building in Australia
Collinson FX Market Commentary: August 14 2014 - Aussie confidence up
China Yachting Conference lines up the speakers
Design Award METS now open for entries
Collinson FX Market Commentary: August 13 2014 - Aussie drifts
Volvo Team Vestas Wind skipper Nico says: 'We can win' - Part II *Feature
Volvo Ocean Race Team Vestas Wind skipper - One Design is key *Feature
2014 National 4x4 Outdoors Show: Popularity of caravanning and camping
2015 Sydney Inte'l Boat Show - Boating Industry commences planning
Volvo Ocean Race - Danish entry confirmed as Team Vestas Wind
Collinson FX Market Commentary: August 12 2014 - NZ Credit Card dead
Pacific Boating membership offers hassle-free boating *Feature
Marine15 expands trade, networking and B2B opportunities *Feature
2014 Auckland on the Water Boatshow - Huge prize packs up for grabs
Fire causes million dollar damage on HMAS Bundaberg   
4X4 Outdoors Show and Fishing and Boating Expo wows water lovers   
Volvo Ocean Race: Win a stopover trip by designing an ECsix T-Shirt   
Collinson FX Market Commentary: August 9 2014 - RBA confirms low rates   
2014 Audi Hamilton Island Race Week: Last minute accommodation options   
Sydney Int'l Boat Show - Stellar results for Multihull Solutions   
Collinson FX Market Commentary: August 8 2014 - Oz jobless jumps   
NSW Environment Minister awards 'Fish Friendly' Marina Accreditations   
PSP Southampton Boat Show - Don't miss the most exciting show ever   
Doyle Sailmakers delivers sails to 60m Perini Navi Sloop Perseus 3   
METS - New look and feel for SuperYacht Pavilion   
Aurora to ship Riviera’s World Premiere to Fort Lauderdale   
Collinson FX Market Commentary: August 7 2014 - NZ UnEmployment drops   
Extreme Sailing Series and GAC Pindar extend logistics contract   
Elaine Fowler, RPAYC's first female life member elected   
Chief Executive Officer sought for Yachting Australia   
Refurbished Protector project 'better than buying new'   
Explore Australia Expo to return to Melbourne Showgrounds in 2015   
Collinson FX Market Commentary: August 6, 2014 - Jawboning hits NZD   
Gold Coast International Marine Expo - High-Diver Steve Black is back   


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