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





Predictwind helps you pick the best time to depart by Richard Gladwell Sail-World.com/nz,




















































Understanding the Ocean's role in Greenland Glacier melt by Woods Hole Oceanographic Institution (WHOI),










Revealing report on Search for American yacht Nina released *Feature
ECOfishers and AMA to establish NSW Fisheries Taskforce
PredictWind's Weather Routing opens your navigation options - try it!
Collinson FX Market Commentary: July 16, 2014 - Oz confirms low rates
Cameron Appleton joins North Sails
National 4x4 Outdoors Show - Unprecedented exhibitors expected
New-to-New Zealand products at the Auckland On Water Boat Show
Auckland on the Water Boat Show: Two new Bavaria yachts on display
AYSS PacificNet/Tahiti voted a success!
Collinson FX Market Commentary: July 15, 2014 - Rising interest hits
July 2014 edition of Finnfare has been published
Taiwan's first marina a Superior effort *Feature
Vaavud launches generation 2 wind meter
Research highlights marinas economic, social and environmental benefit
Solar 1 Monte Carlo Cup 2014 - Monaco sunshine new fuel for motorboats
Hamilton Island Audi Race Week 2014 - Accommodation options
Rio cleaning up its act in the lead up to Olympic sailing test event *Feature
Collinson FX Market Commentary: July 12, 2014 - KIWI heads to 90c
National Squib Owners Association and Rondar Raceboats join forces
Collinson FX Market Commentary: July 11, 2014 - Portugal bank defaults
Sydney International Boat Show updates   
Portland’s new state-of-the-art boat ramp officially opened   
Collinson FX Market Commentary: July 10, 2014 - KIWI hits higher   
SECUMAR appoint new sales director   
Collinson FX Market Commentary: July 9, 2014 - New stat pushes ANZACs   
Your invitation to the Seawind 1160 LITE World launch   
APSNZ appoints Duthie Lidgard as new MD   
Abell Point Marina looking shipshape   
Oceanis 48 at the Sydney International Boat Show   
Bar Crusher's fully-enclosed fishing weapons   
World premieres and national debuts for Sydney International Boat Show   
Marine Auctions experiencing rising tide of interest *Feature   
Télégramme Group acquires majority stake in OC Sport   
Barnacle-encrusted Mercury outboard starts after lengthy submersion   
Auckland On Water Boat Show to hold world record attempt   
Zodiac at Sydney International Boat Show 2014 – Australian   
Gold Coast International Marine Expo - Exhibitor space filling fast   
Countdown to Sydney International Boat Show *Feature   
Collinson FX Market Commentary: July 5, 2014 - AUD jaw boned lower   
Collinson FX Market Commentary: July 4, 2014 - AUD Overvalued   


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