MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: May 1, 2014 - Managing NZ Economy?
Collinson FX Market Commentary: May 1, 2014 - Managing NZ Economy?

'- Day 5, 2014 Toyota Optimist Championships, Manly SC'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: May 1, 2014

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

Equities continued to recover, across the board, on a 'no news is good news' scenario. The Ukraine is simmering away and looks likely to go exactly as Putin planned. The West is on the back foot, although this has not prevented plenty of saber rattling, and tough talk has done little. Western powers have made an artform out of 21st Cenury Geo-Politics but good old fashioned expansionism has trumped and embarrassed them.

The US has constantly accused Russia of archaic tactics but has been beaten on all fronts. Russia will do what it wants and sends a strong message to other buffer states! US equities rose despite weak economic data. Weekly Mortgage Applications fell 5.9% and GDP growth failed miserably. The ADP Jobs reported some improvement in employment, which may be a positive, for the Non-Farm Payrolls Friday. The data did not instill confidence in the US and the Fed has continued to undermine the strength of the Dollar. The EUR rallied to 1.3875 and the GBP 1.6870 despite inherent and fundamental dysfunction.

The Asian economies are showing the way and appear even stronger when compared to Europe and the US. The 'rock star' economy, that is supposedly NZ, suffered a fall in business confidence and is likely to be impacted further by the dysfunctional monetary policy from a severely misguided and isolationist Reserve Bank Governor. The KIWI economy is a trade dependent economy and monetary policy must be managed with that in mind. This is not happening. RBNZ continues to raise interest rates, despite international Central Bank activity, confounding most pundits. Reaction should be the norm and not proactivity.

The NZD rose to 0.8620 and looks destined for new highs as the carry trade drags in investment. The AUD is still mired in budgetary speculation and will remain so until the release. The currency meanders below 0.9300 looking for direction. Non Farm Payroll numbers will be a point of debate but Geo-Political developments will overwhelm.

Day 5, 2014 Toyota Optimist Championships, Manly SC -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: April 30, 2014

Equities rebounded today with Geo-Political fears subsiding and more focus on the US economy. The Fed met today for their two day meeting and expectations were for a further reduction in QE Infinity as the US economy recovers. The US will focus on employment this week with the ADP and Challenger Jobs report out this week, culminating in Non-Farm Payrolls, Friday.

The EUR was steady at 1.3800 and the GBP 1.6825 buoyed by GDP growth of 3.1%. The UK economy is showing signs of a stronger recovery, devoid of much of the the negatives, in the EURO. EU Consumer Confidence remains in the doldrums, at minus 8.6, reflecting the dire situation the single market continues to operate in. The GFC revealed the extent of the Eurozones financial problems which remain. The deficits continue drowning the participant nations in a mountain of debt which will drive this deep recession/depression for the next decade. NZ Trade continued to improve with both Exports and Imports on the rise. This shows a healthy demand onshore and off.

The KIWI still holds 0.8560 caught in RBNZ irons. The RBNZ raises interest rates, boosting returns for the carry trade, then 'jawbones' the currency lower at every opportunity. The higher rates of return and the improving economy, will ultimately overwhelm the rhetoric, which may in turn destroy the nations international competitivesness.

The AUD is struggling around 0.9270 with a total domestic pre-occupation on speculation over the looming Federal budget. Look for Geo-Political events and Central Bank activity to drive currencies and equities, with economic data, a daily influence.

- Day 5, 2014 Toyota Optimist Championships, Manly SC -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: April 29, 2014

Geo-Political developments worried markets, with tensions just below boiling point in the Ukraine. The Russians seem intent on destabilising the Ukraine, thus the unelected Government, in the lead up to elections. It is hard to these proceeding with the uncertainty engulfing the nation.

The US continues to talk and increase individual sanctions with little impact. All bark and no bite! This only serves to encourage US antagonists globally. Equities were mixed in a week of economic data releases highlighted by Growth and Jobs. The EUR pushed to 1.3850 and the GBP held 1.6800. Pending Homes Sales rose 3.4% for the month but remain heavily negative for the year.

Housing has been a major disappointment this year, considering the record low interest rates, thus the status of a leading indicator to the economy. The Dallas Fed Manufacturing Activity reported continued improvement in this sector emerging after the long hard winter.

The AUD traded steadily around 0,9250 in the lead up to the new Governments first budget. The KIWI was mixed, around 0.8520, with important trade data released today. This has been positive to date, in the rock star economy, but rising interest rates and currency will impact.

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=121695

2:21 PM Thu 1 May 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:

30 Apr 2014  Collinson FX Market Commentary: April 30, 2014 - KIWI in RBNZ irons
30 Apr 2014  Collinson FX Market Commentary: April 29, 2014 - All bark and no bite
27 Apr 2014  Collinson FX Market Commentary: April 25, 2014 - RBNZ stands alone
24 Apr 2014  Collinson FX Market Commentary: April 24, 2014 - RBNZ lifts OCR
17 Apr 2014  Collinson FX Market Commentary: April 17, 2014 - KIWI treads water
16 Apr 2014  Collinson FX Market Commentary: April 16, 2014 - AUD slips back
16 Apr 2014  Collinson FX Market Commentary: April 15, 2014 - Dead Cat bounce?
12 Apr 2014  Collinson FX Market Commentary: April 12, 2014 - ANZAC pushed back
12 Apr 2014  Collinson FX Market Commentary: April 11, 2014 - Up and down, again
11 Apr 2014  Collinson FX Market Commentary: April 10, 2014 - Equity markets surge
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,


















Victorian Marina Industry hit with above average taxes and charges
4th Multihull Solutions Whitsunday Rendezvous an outstanding success
Lowrance signs exclusive partnership with Skeeter Boats
Get your entry in to win a Suzuki Powered Rigiflex Safety Boat
Collinson FX Market Commentary: September 10, 2014 - Apple inspires
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   


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