MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: July 19, 2014 - Step into Wonderland
Collinson FX Market Commentary: July 19, 2014 - Step into Wonderland

'- Safety at Sea, SSANZ Two Handed Triple Series, July 12, 2014'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: July 19, 2014

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

Equity markets regained some of the lost ground overnight to close the week on a high. The shock and horror of the plane crash overshadowed the Israeli escalation of the crises with a ground invasion.

US Leading Indicators increased 0.3%, but contracted from the previous month, well below expectations. The EUR remains benign and vulnerable, trading 1.3520, while the GBP slipped below 1.7100.

Commodities were generally lower, but this failed to deter investors, with the AUD moving towards 0.9400 and the KIWI approaching 0.8700. The coming week will be driven by Geo-Political events and Central Bank activity.

The RBNZ is expected to continue down the delusional path of monetary contraction as Wheeler steps further into the 'Wonderland'.

Pretty Boy Floyd - Safety at Sea, SSANZ Two Handed Triple Series, July 12, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: July 18, 2014

Equity markets gave up yesterday’s record gains as Geo-Political events spiral out of control. The Middle East is on fire and now Europe has joined the pandemonium. In the US, St Louis Fed Chairman Bullard, cited improvements in the Labour market and the rising threat of inflation as reasons to exit monetary stimulus.

This aided recent gains in the Dollar which moved to EUR 1.3520 and GBP 1.7110. US Housing continued to deteriorate, with Housing Starts contracting 9.3% and Building Permits falling 4.2%. This surprised many pundits, but they are the rose-colored glass brigade who continues to believe in the US economic recovery. The AUD bucked the trend and moved up to 0.9370 after the long awaited repeal of the dreaded 'carbon tax'.

This will stimulate growth in the economy, reducing input costs and making the economy more competitive, while reducing cost of living pressures for the consumer. The NZD was trading around 0.8670 after recent CPI numbers revealed the extent RBNZ monetary policy was impacting on the economy.

Consumer Confidence fell from 3.4% last month, to just 0.6%, revealing the parlous state of the consumer in a tightening market which the RBNZ intend to exacerbate next week. Turmoil globally will not assist confidence in the markets.

- Safety at Sea, SSANZ Two Handed Triple Series, July 12, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: July 17, 2014

Equity markets continued to break new ground supported by corporate earnings, mergers and acquisitions and the Fed! Fed Chairman, Yellen, continued her testimony and stated that there 'were no alarming signals in asset values'.

She confirmed the loose monetary policy would continue to support the slack labour market. The labour market has been surprisingly bullish but growth has not! Fed minutes confirmed growth to be 'modest to moderate' and Consumer spending improved along with manufacturing.

Fox launched a takeover bid for Time Warner, which was hastily rejected. Apple signed a deal with IBM expanding growth prospects in the business sector. These all combined to bolster market sentiment. The Dollar continued to surge with the EUR back to 1.3520 and the GBP 1.7130.

China GDP growth improved to 7.5%, with slight improvements in Industrial Production, although Retail Sales were flat. This did little to support the commodity currencies with the AUD slipping back to 0.9350. The KIWI took a hammering as the tide of the USD and surprising local inflation data pushed the currency down towards 0.8700. The CPI was well below expectations and this will conflict the premature RBNZ.

- Safety at Sea, SSANZ Two Handed Triple Series, July 12, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: July 16, 2014

European markets dropped after the important ZEW reported a big fall in economic sentiment in the EU and Germany. ZEW is highly regarded and acts as a guide to the state of the European economy. The US was mixed with Fed Chairman, Yellen, appearing in front of the Senate Banking Committee. She was surprisingly hawkish in her comments and warned of the danger of overvaluation in equities.

This boosted the Dollar and Bond yields while Gold turned south. The EUR took a big hit, falling to 1.3565, while the GBP rose to 1.7150 despite the resurgent Dollar. UK CPI conitnues to threaten inflationary problems and thus the prospect of rising interest rates.

The AUD dipped to 0.9370 with the RBA minutes confirming low interest rates to support slack demand and economic challenges. The KIWI slipped back below 0.8800 but does not have the docile interest rate environment of its trading partners.

A resurgent economy has been met with Central Bank interest rate rises dampening economic activity and boosting the NZD. Seems Mr Wheeler is in his own world, which is independent of the Global economy, while looking completely different through the keyhole.

Start - Safety at Sea, SSANZ Two Handed Triple Series, July 12, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: July 15, 2014

A relief rally in equities spread across Europe and through to the US. ECB President, Draghi, re-assured markets that the Central Bank 'stands ready to take further action as needed'. This allayed fears, rising across the banking sector, of another Portuguese default triggering yet another banking crises. Markets will look at the Bank of Japan, expected to hold the status quo, and at the Fed later in the week.

Central Banks are most definitely in control of markets with unprecedented expansionary monetary policies. The US took comfort from the ECB and rallied on some stronger than expected corporate earnings lead by Citibank. The Dollar rallied, pushing the GBP back below 1.7100, while the EUR held 1.3600.

NZ House Prices and Sales contracted feeling the full brunt of the RBNZ new loans policy and the rising interest rate strategy. The Housing Sector has lead the recovery of the Consumer and has now hit the wall.

The trade sector will be impacted by rising costs of capital and higher exchange rates. The KIWI continued to trade around 0.8800 supported by the interest rate differentials while the AUD remained just below 0.9400.

Australian markets await the impending repeal of the much despised 'Carbon Tax' which will drive lower costs through the economy and cost of living for the consumer.This will have a positive impact across the economy on economic growth.

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=124697

11:11 AM Sun 20 Jul 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:

18 Jul 2014  Collinson FX Market Commentary: July 18, 2014 - AUD moves up
17 Jul 2014  Collinson FX Market Commentary: July 17, 2014 - KIWI takes hammering
17 Jul 2014  Collinson FX Market Commentary: July 16, 2014 - Oz confirms low rates
15 Jul 2014  Collinson FX Market Commentary: July 15, 2014 - Rising interest hits
13 Jul 2014  Collinson FX Market Commentary: July 12, 2014 - KIWI heads to 90c
12 Jul 2014  Collinson FX Market Commentary: July 11, 2014 - Portugal bank defaults
11 Jul 2014  Collinson FX Market Commentary: July 10, 2014 - KIWI hits higher
09 Jul 2014  Collinson FX Market Commentary: July 9, 2014 - New stat pushes ANZACs
06 Jul 2014  Collinson FX Market Commentary: July 5, 2014 - AUD jaw boned lower
05 Jul 2014  Collinson FX Market Commentary: July 4, 2014 - AUD Overvalued
MORE STORIES ...




Marine Business News























Great Barrier Reef plan released for comment by Queensland Minister for Environment,
















Brisbane Boat Show begins *Feature by Jeni Bone,




























Stefan Boating World launches new models at Brisbane Boat Show
Record numbers expected at 2014 Ocean Marina Pattaya Boat Show
British Sailing Team join forces with Zhik for new clothing range
Command Thrust outboards with Counter-Rotation find eager market
Collinson FX Market Commentary: September 9, 2014 - UK Breakup
Record sales driven by new interest in catamarans
Southport Yacht Club celebrates opening of 68th season *Feature
Brisbane Boat Show starts Friday - biggest in 10 years! *Feature
Marine Auctions adds new recruits *Feature
Ministerial advisory group launched by united marine industry sector
2014 Auckland on Water Boat Show: Coming up at the end of September
Australian research sheds light on ocean garbage gyres *Feature
Sevenstar Yacht Transport names Kris Caren West Coast Representative
New Masts for an historic Australian boat - the Young Endeavour
Round the World racer joins Southern Pacific Inflatables
Dinghy foiling takes off around the world
2014 Gold Coast Int'l Marine Expo - Quintrex factory opens its doors
New exhibition explores role of Royal Australian Navy in WWI
18 anti-piracy weapons for ships to fight pirates
Hamilton Island Audi Race Week 2015 - Accommodation options
Sydney Sailboat Expo 2015 site confirmed   
Skysol Frame Large: A new shading solution for sunroofs   
Collinson FX Market Commentary: September 6, 2014 - Russian control   
Collinson FX Market Commentary: September 5, 2014 - Nervous Election   
Collinson FX Market Commentary: September 4, 2014 - 'Rock-star' fades   
Enerdrive, national distributor for Fischer Panda Generators   
New earlier date for ICA’s Cruising Prep Seminar proving popular   
Southern Spars One Design complete 500th J/70 rig   
Camper & Nicholsons Yachts presents the Sagitta 42   
Brunswick Marine in EMEA announces intuitive user interface   
Hutchwilco expands sales and marketing team   
Collinson FX Market Commentary: September 3, 2014 - NZD trades strong   
Marina of the Year Awards - Now open for entry   
Grand Pavois - A chance to catch up with the trends   
RYA Digital Day at the PSP Southampton Boat Show   
Collinson FX Market Commentary: September 2, 2014 - AUD trades steady   
XCAT Series gets set to conquer another continent in 2015   
2014 Mandurah Boat Show - Third largest boat show in Australia   
Fishers invited to industry meetings   
2014 Gold Coast International Marine Expo - Eye on the big picture   


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