MarineBusiness-World.com
 
 
News Home Australian Cruising FishingBoating Photo Gallery Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: June 28, 2014 - Directional changes
Collinson FX Market Commentary: June 28, 2014 - Directional changes

'Whitbread Round the World race winner, Steinlager II (NZ Sailing Trust) - Start ANZ Fiji Race, June 7, 2014'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: June 28, 2014

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

Equity markets closed on record highs again with a delusional belief in an economic recovery but a massive mountain of Central Bank liquidity expanding the equity bubble. French GDP growth slipped back to zero, confirming the absence of an economic recovery, while the UK managed 0.8% growth with an annual rise of 3% GDP.

The GBP is in recovery mode as they have avoided the disaster of the EURO and battle back slowly to a recovery. Europe remains under extreme pressure and the ECB and single currency fundamentally flawed, detroying any chance of a robust economic recovery. The GBP holds above 1.7000 and the EUR trades 1.3650.

The week ahead has many reasons for some quantum directional changes, with important Employment data out in the US, while the ECB and RBA rate decisions ensure Central Banks dominate. This should be a massive week, but shortened, with the Independence Day holiday on Friday in the USA!

Steinlager II (NZ Sailing Trust) heads out of the Waitemata Harbour, 2014 ANZ Fiji Race start -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: June 27, 2014

The control Central bankers have over markets was on full display overnight with the Bank of England Governor Carney and Fed member, James Bullard, driving market sentiment. In the UK the Governor clarified earlier comments and signalled the Bank was ready to end 'QE' turning the cycle direction.

The GBP regained some lost momentum and surged to back through 1.7000,leapfrogging the EUR, which struggled to hold 1.3600. In the US, Bullard, frightened markets with a commentary warning of interest rate rises as early as the first quarter of 2015! He pointed to targets being met, in terms of both Inflation and Employment, and foreshadowed a rising interest rate environment. Stocks moved lower,at the prospect, but he is a non voting member while Yellen remains a staunch Dove.

The KIWI is flying high, moving up to 0.8770, fuelled by the growing and attractive interest rate differentials. RBNZ Governor Wheeler is suffering collateral damage from his hawkish and presumptuous monetary policy moves. This has long been an error of NZ Central Bankers, acting without patience, thus causing unnecessary volatility and pressures on the currency.

The trade data will be released today and the higher costs of capital will impact economic activity and adversely impact trade through a surging currency. The AUD is hovering around 0.9400 and without domestic pressures remains susceptible to external pressures..

Steinlager II (NZ Sailing Trust) - Start ANZ Fiji Race, June 7, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: June 26, 2014

A horrific US GDP number failed to quell the enthusiasm investors have for equities. The avalanche of liquidity, provided by Central banks, means that it has to go some place and equities are the place of least resistance. Shares continue to provide attractive returns compared with bonds.

The first quarter GDP was revised back from a contraction of 1%, to almost unbelievable negative 2.9%, a five year low and a contradiction to the economic recovery conspiracy theorists!? This completely busts the recovery premise, although markets shrugged this off, as historical data and a one off due to weather conditions and Obamacare.

Durable Goods Orders also contracted 1% and economic progress seems to have hit the proverbial wall. The EUR inched back,with attractive yields, overcoming the train crash that is the single market. The Currency rebounded above 1.3625, while the GBP slipped below 1.7000, in a reversal of recent trends. The AUD drifted back below 0.9400, after the political contradiction of the year, confused many and not just in Australia!

Mining billionaire and balance of power holder, Clive Palmer, announced an apparent ' road to Damasacas' moment. Al Gore, Global Warming fanatical alarmist and crusader, appeared with Clive and endorsed his policies!

Palmer announced the end to the Greens holy grail, the carbon tax, but announced retention of some climate measures and the dream for an ETS. This is comedy hour and further destroys the reputation of Gore appearing with the confused bull, charging through the Australian political china shop, wreaking havoc.

The KIWI regained yesterday's losses and surged back to 0.8730 with interest rate differentials providing incentives to international investors. The gloss will start to fade on the global rock star economy as the misguided and deluded RBNZ impacts the economy with aggressive and destructive interest rate hikes.

Steinlager II (NZ Sailing Trust) - Start ANZ Fiji Race, June 7, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: June 25, 2014

Equities were mixed again overnight but were perched at record levels due to growing economic confidence. The hand brake is the Geo-Political developing crises in the Middle East and the Ukraine. The Middle East has the ability of igniting the whole region which would be catastrophic for oil and the global economy. The Ukraine has the potential to impact an already impaired European economy.

German IFO Business Confidence slid overnight with the Dollar reversing recent losses as the EUR slipped below 1.3600. The Bank of England failed to inspire confidence and halted recent gains in the currency as the GBP slipped back to 1.6970. Housing numbers finally gave markets some hope in the US after yesterday's gains in Existing Home Sales were reinforced by New Home Sales and Home Prices. NHS leapt 18.6% and S&P prices rose 10.80%! Consumer Confidence also jumped confirming recent data.

Surprising then that equities did not continue the inexorable march upwards? The Geo-Political issues remain the threat with the disturbing GDP numbers also spreading some nerves. Philly Fed President, Plosser, observed economic targets were approaching faster than expected thus lending some support for the Dollar. The commodity currencies also slipped due to gains in the Reserve. The AUD gave up 0.9400 and the NZD slipped below 0.8700.

Steinlager II (NZ Sailing Trust) - Start ANZ Fiji Race, June 7, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: June 24, 2014

Equity markets drifted off last weeks record highs with fears over Geo-Political crises undermining recent gains. Chinese Manufacturing expanded back above the all-important '50' mark, rising from 49.4 to 50.8. This boosted Asian markets and the associated commodity currencies with the AUD rallying back above 0.9400.

The NZD also managed gains supported by improving Credit Card spending boosting retail but rising interest rates should impact the consumer. The KIWI holds 0.8700. European markets fell after manufacturing and services PMI dropped lower in France, Germany and the EU. Hardly surprising for the socialist basket case that is the bureaucratic lead EU and the ECB!

The EUR traded around 1.3600, reflecting the state of the single market, while the GBP battled back to 1.7025. The gloom spread to the US with Iraq and the Ukraine both threatening global disruption. Existing Home sales rose 4.9% and manufacturing also booked gains but the wall of bad news threatens to overwhelm. All eyes remain on the the emerging crises and any major distortions in economic data releases.

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=123874

11:41 PM Sun 29 Jun 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:

27 Jun 2014  Collinson FX Market Commentary: June 27, 2014 - KIWI flies high
26 Jun 2014  Collinson FX Market Commentary: June 26, 2014 - KIWI climbs back
26 Jun 2014  Collinson FX Market Commentary: June 25, 2014 - AUD up KIWI down
25 Jun 2014  Collinson FX Market Commentary: June 24, 2014 - AUD picks back up
22 Jun 2014  Collinson FX Market Commentary: June 21, 2014 - KIWI climbs ladder
20 Jun 2014  Collinson FX Market Commentary: June 20, 2014 - NZ GDP improves
20 Jun 2014  Collinson FX Market Commentary: June 19, 2014 - KIWI Up AUD Down
19 Jun 2014  Collinson FX Market Commentary: June 18, 2014 - AUD loses ground
17 Jun 2014  Collinson FX Market Commentary: June 17, 2014 - KIWI's meteoric rise
14 Jun 2014  Collinson FX Market Commentary: June 14, 2014 - RBNZ pumps KIWI up
MORE STORIES ...




Marine Business News

The Clipper Round the World Yacht Race has once again joined forces with Harken to power the fleet for the historic tenth anniversary edition of the world famous race. ... [more]  

Multihull Solutions has announced an unprecedented deal that provides free shipping to Asia Pacific owners for orders placed on selected sail and power catamarans in February 2015. ... [more]  

The International Paralympic Committee (IPC) has announced that the Tokyo 2020 Paralympic Games will feature 22 sports, with badminton and taekwondo included for the first time but the shock news is that sailing will not be a 2020 Paralympic sport. ... [more]  

Push the Boat Out - Get involved! by Susie NationGrainger
RYA Push the Boat Out will be running over nine days, for the first time ever, giving even more people the opportunity to experience sailing and windsurfing across the UK. ... [more]  

January 29, 2015: Apple shattered records with massive jumps in sales and profits. This boosted tech equities and allowed a rebound from yesterdays losses, although energy shares weighed heavily, as Oil dropped below $45/barrel. ... [more]  

Gold Coast International Marine Expo has confirmed that more than 50 per cent of its outdoor exhibitor space from 2014 has been sold less than eight weeks since the announcement of new May event dates. ... [more]  

January 28, 2015:Durable Goods Orders contracted 3.4%, which is a trend scaring many, as a contradiction to the strong economic recovery the US has vaunted. Earnings from corporate giants Caterpillar and Microsoft floundered and stock prices tanked. ... [more]  

New Holiday Camps at Lake Macquarie with the H2O Sports Academy by H2O Sports Academy Australia, Lake Macquarie, NSW
he H2O Sports Academy Australia opened its doors to the first group of kids aged between 6 and 17 years for the first H2O Holiday Camp 12-19 January. Based within the impressive NSW Sport and Recreation Centre at Point Wolstoncroft on Lake Macquarie. ... [more]  

Antigua Sailing Week is delighted to announce Sunsail is back on board as the official bareboat charter sponsor of Antigua Sailing Week 2015. ... [more]  

GoFree – the provider of digital content and services and part of the Navico family of marine electronics brands including Lowrance, Simrad Yachting and B&G – announced today a significant upgrade to the award-winning Insight Genesis™ personal and social mapping utility. ... [more]  

January 27, 2015: The Greek election went, as polls had suggested, with a victory to the extreme left Syriza party. The major platform was anti-austerity and the Government is expected to head in to negotiations with the EC for debt forgiveness. ... [more]  

Brandspot are proud to take another big step in the launch of a new one-design class designed for match racing at any place and on any level, from the World Match Racing Tour to club sailing. Fresh from the Boatyard in Hungary, the first B38 Match will be presented for the first time at The Gothenburg Boat Show. ... [more]  

2015 Club Marine Southern 80 - This year’s Southern 80 will see new and old ski racers travel to Echuca / Moama to ‘chew the fat’ of what would have been, could have been and what should of happened, some with an element of truth and lots of it with embellishment. This is the 50th year since water ski racing started on the Murray River in Echuca / Moama and it promises to be some exciting action ... [more]  

Recreational anglers now have better access to rock fishing spots at Boggaley Creek, near Lorne, thanks to new steps that descend from the Great Ocean Road. ... [more]  

North Sails Group is pleased to announce the launch of our Chinese language website: www.cn.northsails.com. This new website is a resource for Chinese-speaking sailors and represents the first time North Sails company history, sailing products, services and technology have been described and detailed for the Chinese sailing community. ... [more]  

January 23, 2015: The AUDUSD fell to 0.8060, while the NZDUSD is testing 0.7500, on the downside. It is the lack of demand and the hit to global growth that is impacting the markets ... [more]  

The International Sailing Federation (ISAF) is pleased to announce that it has signed a Partnership Agreement with the global energy company Gazprom EP International B.V. ... [more]  

January 22, 2015: The NZD and AUD fell out of bed overnight as the realisation dawns on Central Banks there is little growth and falling inflation. The Bank of Canada surprised markets and cut interest rates citing low inflation and decimated Oil prices. ... [more]  

Vesper Marine, a leading manufacturer of innovative marine safety products, announced today it has been awarded the contract to provide Virtual Automatic Identification System (AIS) Beacons to mark seven reefs hazardous to shipping in the Bay of Plenty, as well as provide a coastal monitoring capability. ... [more]  

The RYA Powerboat Racing team are pleased to announce Peters and May, Powerboat GP and Your Print Partner Ltd as sponsors of the prestigious RYA Powerboat Racing Awards 2015. ... [more]  

The Sanctuary Cove International Boat Show has secured an exciting promotional partnership with RACQ and Auto Clubs Australia - wide, providing more than 7.8 million members with valuable online ticket options for the 2015 event. ... [more]  

January 21, 2015: European equities rallied overnight, for all the wrong reasons.Haven't we seen this movie? The US has flushed the markets with liquidity, since the GFC, giving equity markets the biggest monetary boost in history. The ECB plans to do the same and flood the markets with cheap money in an effort to stimulate. ... [more]  

The leading international boating and water sports event, Boot Düsseldorf takes place from 17th to 25th January. The first weekend 80,000 visited the boat show. ... [more]  

At the Düsseldorf Boat Show in Germany the Extreme Sailing Series™ and Series Main Partner, Land Rover, were delighted to announce Oman Sail as the winner of the 2014 Land Rover Above and Beyond award. The award was presented to the team or individual who demonstrated the finest examples of skill, sportsmanship and strength of mind at each of the Series’ Acts. ... [more]  

Bay of Islands Sailing Week - BOISW and the New Zealand Millennium Cup start Wednesday and Doyle Sails are offering an overnight service on sail repairs and a basic rigging service. Doyles have team members on several boats during the regatta, so will be ready to help you as soon as you hit the dock, should you suffer any damage during the racing. ... [more]  

At the ASMEX 2015 conference AIMEX and Superyacht Australia are excited to announce that Martin Redmayne, Chairman and Editor in Chief of The Superyacht Group will MC. ... [more]  

January 20, 2015: Markets were slow, calm and steady overnight due to MLK holidays taken by US markets. This allowed speculation on European markets about the timing and magnitude of the ECB's QE. Massive expansion of liquidity is expected, which boosted equity markets, but undermine the currency. ... [more]  

Inaugural Phuket Yacht Show postponed by Phuket Yacht Show Media, Phuket, Thailand
The organisers of the new yacht charter show for Asia have announced the postponement of the first edition, scheduled to take place 12-15 February in Phuket Yacht Haven Marina, which is under redevelopment to make it the biggest superyacht marina in Asia. ... [more]  

Images from the London Boat Show 2015 provided by onEdition. The show contained everything from the latest sailing innovations to show-stopping experiences, including the Controled Rain curtain at the entrance and a 'at sea' 4D sensory experience. ... [more]  

CWM FX London Boat Show - The founders of Beds on Board are delighted with the reception to the peer-to-peer marketplace that connects boat owners with accommodation seekers. Launched this week at the CWM FX London Boat Show, co-founder Jason Ludlow commented: ... [more]  

Brisbane to Gladstone Multihull Yacht Race organisers, The Multihull Yacht Club Queensland, is pleased to announce that APC Logistics are once again major sponsors. After last year’s successful 50th Anniversary of the MYCQ Brisbane to Gladstone race, APC Logistics have continued their support for the event. ... [more]  

Multihull Solutions has kicked off the new year with the launch of an impressive new website at www.multihullsolutions.com.au. The company, which has become the Asia Pacific’s leading multihull specialist, developed the new site as an informative resource for those looking to buy, sell or research catamarans and trimarans. ... [more]  

Oceanair, leading supplier of blinds, shades, screens, and soft furnishings in the marine market, is proud to introduce the new Solarshield – a Lloyd’s approved antiglare roller blind that has been optimised for the marine environment. The unique roller blind blocks 99% of the sun’s harmful UV rays and rejects up to 80% of the sun’s energy and is ideal for use on bridges ... [more]  

Superior SuperElite ends Townsville ramp rage
2014 warmest year since records began + Video
Collinson FX Market Commentary: Jan 17 - Swiss dish causes indigestion
New Torquay Reef a boost for local jobs and local fishing
Collinson FX Market Commentary: Jan 16 - Disarray when Swiss drop cap
Collinson FX Market Commentary: Jan 15 - World Bank drops growth guess
Neil Pryde retires as head of Pryde Group
RYA Suzuki Dinghy Show - Win a holiday to South West France
Hamilton Island Race Week 2015 - Accommodation options
SE Asia tanker hijacks rose in 2014 - IMB report reveals
Collinson FX Market Commentary: Jan 14 - Europe ignores reality
Laser Training News from Performance Sailcraft
Sunstream® introduces Swiftshield™ automatic boat cover
St. Maarten Heineken Regatta announce renewed sponsorship agreement
Haines Signature introduces carbon kevlar for 2015
RYA Powerboat Racing Awards Ceremony 2015 - Tickets now on sale
Phuket International Boat Show - Asia's leading consumer boat show
Sydney Sailboat Expo - A meeting place for Sailors
McConaghy Boats dominate 70th Sydney Hobart Yacht Race
Collinson FX Market Commentary: Jan 13 - Market jitters as oil falls
London Boat Show - The Green Blue’s digital guides launched   
Marine Rescue NSW - Funding boost for tower announced   
Phuket International Boat Show - Show of choice for new launches   
CWM FX London Boat Show – Henri Lloyd Merchandise launched   
Super Boat International announce official fuel supplier   
RYA Suzuki Dinghy Show unveils speaker line up 2015   
Southern Spars 'retro-rigged' Wild Oats takes a record 8th line win   
Phuket International Boat Show - Record numbers on opening day   
London Boat Show - Come and say hello to Ben Ainslie Racing Team   
FHS work with Hart Marine on new use for polyethylene pipe   
London Boat Show - Beds on Board launches   
Phuket International Boat Show 2015 biggest showcase yet   
Clipper Yacht Race announces official navigation software supplier   
AMM takes small plate boats upmarket into ‘Sea Class’   
BAR HQ will provide a showcase for clean energy   
Sail-World - New Media Sales opportunity   
Clipper Race announces sponsorship extensions with long-term partners   
Toronto Boat Show Ocean Sailing Forum - Learn from cruising experts   
RYA Suzuki Dinghy Show - Suzuki Marine Safety Boat competition   
AMM takes small plate boats upmarket into 'Sea Class'   


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