MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: May 10, 2014 - End of quiet week
Collinson FX Market Commentary: May 10, 2014 - End of quiet week

'Two 2014 Worlds Team members, Lewis Anderson (81) and Kerensa Jennings (astern) - Day 5, 2014 Toyota Optimist Championships, Manly SC'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: May 10, 2014

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

Equity markets stabilised to close a relatively quiet week.

The EUR continued to drift lower as digestion of ECB's President Draghi's advocation of a lower currency. The single currency fell to 1.3750 and the GBP dropped to 1.6850. The AUD held ground, after Chinese CPI came in lower than expected, 1.8% versus previous 2.4%.

This coming week is a huge one for economic data release. We have a close look at growth, inflation, manufacturing and the consumer. The sheer volume of statistics will drive market direction as US equities are now testing new highs. Putin is lowering his profile as the situation in the Ukraine deteriorates. The Geo-Political developments could be the trigger for nervous markets to 'sell in May'!

Keep an eye out for US housing data as recent signs point to a serious, negative turn around.

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

Collinson FX market Commentary: May 9, 2014

European equity markets rallied and the EURO slipped after ECB President jawboned the currency lower. He also concluded that the Central Bank may ease monetary policy in June. The EUR dropped to 1.3850, in a familiar move, by yet another Central Banker.

US markets opened positive but quickly hit the wall retracing from record equity highs. Nervous traders are on a knifes edge keenly watching Yellen and any economic data. The Geo-Political situation has receded into the background, as Putin intended, but this is an extended game of Chess and easy to see who is in control.

The AUD held onto earlier gains, trading 0.9375, after Unemployment remained steady at 5.8%. Expectations were for a rise and support also came from a rise in Chinese exports. The KIWI remains 0.8650, despite the RBNZ, with the pull of high rates of return too much for the carry trade!

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

Collinson FX market Commentary: May 8, 2014

Yellen testisfied today and reassured markets that interest rates will remain low for the foreseeable future as growth stumbles and Unemployment continues to fall while inflation is no threat. She reinforced the continuation of tapering and expects QE Infinity to be over by the end of the year.

Equities loved the news and continued to rally with the exception of the tech stocks. The Dollar found some stability with the EUR 1.3915 and the GBP 1.6950. The situation in the Ukraine improved after Putin eased tensions by the advocation of troop withdrawal from the border and called for dialogue. This relieved markets but remains highly volitile and vulnerable to any Russian action.

The RBNZ Governor 'jawboned' the KIWI back below 0.8700 and threatened intervention. The reality is that the RBNZ continues to raise interest rates pushing the NZD higher and this checks any commentary or short term intervention. Walk the walk! Wheeler is living in lala land if he thinks he can raise rates and keep the currency under control. Here is a tip..... keep interest rates low in line with every other central bank.

The AUD stalled at 0.9330 after the recovery in the USD and some disappointing Retail Sales. The domestic focus remains on budget speculation as the media hits frenzy levels. Roll-on Tuesday and lets hope the prozac kicks in shortly.


Collinson FX market Commentary: May 7, 2014

The market is an explosive cocktail mix with an equity bubble fueled by Central Bank largesse, war drums beating across Central Europe and China growth slowing. The US Economy is slowly improving with Unemployment falling although a collapse in growth must send tremors through the markets. The Fed continues to operate the tapering program but this still allows further stimulus through QE Infinity.

The Feds Balance sheet is destroying the Dollar, with the EUR 1.3930, despite a basket case economy! The UK is slightly better, still mired in deficit and debt, but has the consolation of its own currency. The GBP is heading back towards a high of 1.7000 although this must be considered in the context of the measured reserve currency! OECD Global Growth forecasts were reviewed lower with emerging markets under pressure.

Slowing growth has capped commodity demand and prices. The AUD has been impacted by this, but remains comparatively strong, moving back towards 0.9400. The 'rock star' economy remains ahead of the field, boosted by the RBNZ, on the move. The only developed nation that has determined to embark on a interest rate-raising strategy.

This is presumptuous, at best, and risks stunting growth and the recovery. The fear of a housing bubble has sparked action, which has overshadowed the impact on the currency. This disadvantages the trade sector which has been the driver of the economic recovery. The KIWI continues to 'fly' breaking 0.8750 with seemingly no ceiling!?

May is historically a volatile month and all the ingredients are there for some pretty drastic moves.

Start Race 2 - Day 5, 2014 Toyota Optimist Championships, Manly SC -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: May 6, 2014
Flash from the Collinson Mobile App: RBA leave rates unchanged at 2.50% Australian dollar rises vs USD and NZD after the release

The week spluttered to a start with no real drive from markets in the US. Chinese Manufacturing PMI was released earlier in the Asian trading day and missed expectations, coming in lower than expected, at 48.1. It was only a slight miss, but remains a contraction (under 50), thus doing nothing to support commodity demand. The AUD was slightly weaker on the news, with local Building Approvals falling 3.5%, not helping.

All eyes, in Australia, have been on market speculation over the all-important first Liberal/National Budget which is expected to be a tough one. Today markets will be keenly awaiting the RBA rate decision and the associated commentary on the Australian economic situation. The AUD is steady at 0.9275 ahead of what is expected to be a hold. The KIWI continues to outperform, trading up to 0.8660, in the face of an improving economy and the attraction of rising interest rates.

The Ukraine is heating up, with the Ukrainians attempting to regain Eastern parts from Russian revolutionaries, by military means.This situation is in extreme flux and could erupt in to all out war plunging markets into turmoil. US Non-Manufacturing beat expectations, after important improvements in Employment, and the Fed's tapering confirms an stronger economic situation. There are many risks threatening nervous markets and remember the old adage regarding May.......!

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=122011

7:47 AM Sat 10 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:

09 May 2014  Collinson FX Market Commentary: May 9, 2014 - Jawboning works on EURO
09 May 2014  Collinson FX Market Commentary: May 8, 2014 - Helping the RBNZ
08 May 2014  Collinson FX Market Commentary: May 7, 2014 - NZ goes alone with rates
06 May 2014  Collinson FX Market Commentary: May 6, 2014 - The week splutter-starts
02 May 2014  Collinson FX Market Commentary: May 1, 2014 - Managing NZ Economy?
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
MORE STORIES ...




Marine Business News

2015 Three Peaks Race has been cancelled by Terry Travers, Tasmania
In a dismal day for adventure style racing The Australian Three Peaks Race committee of the Mersey Yacht Club inc. announced that the 2015 Three Peaks Race has been cancelled and the organisation will go into recess. ... [more]  

Phuket International Boat Show 2015 preview by Pimex: Phuket International Marine Exhibition
Next big Phuket Event will be the 12th Phuket International Boat Show presented by Thailand Elite coming up in the New Year. With the show only a month away we are entering the home strait with very few spaces left in water and in the hall for exhibitor booking. ... [more]  

The Decision of the Court for Arbitration of Sport over the suspension of Dutch sailor Dirk de Ridder has been circulated. The report, which was earlier reported in summary form as to the decision, confirms a 18month suspension on de Ridder, one of the Netherlands' top sailors ... [more]  

Just like every year, the traditional boat show in Düsseldorf with 1650 exhibitors will be the highlight of the worldwide boat show season. More than 250,000 private and trade visitors are expected from over 60 countries – this makes the 'boot' the undisputed number one among water sports shows. HanseYachts AG from Greifswald is also on hand with a huge range of models and is premiering not one ... [more]  

December 19, 2014: Oil prices resumed downward momentum, testing new lows, pushing energy costs lower. NZ GDP numbers met expectations with the last quarter rising 1% to 3.2% annually. Modifications to the methodology of growth calculation cast a shadow over the numbers but the economy looks healthy compared to most. ... [more]  

December 18, 2014: Oil(Brent) rebounded to $63 overnight pushing energy stocks higher and boosting equity markets. The NZD Currently trades 0.6207 and 0.4925 against the EUR and GBP, down slightly on yesterdays levels. The NZDAUD has been trading in a wide volatile range in the last 24 hours sitting 0.9440 this morning, down from a high of 0.9490. ... [more]  

Organizers of the St. Thomas International Regatta are proud to announce that Cruzan Rum and Presidente beer, distributed by Glazer’s Premier Distributors, LLC, will provide major sponsorship in support for the 2015 regatta. ... [more]  

The founder of a powerboat racing business is looking to use the cloud to track the company boat's performance during offshore races and keep fans and racing officials updated with animated race visualizations. ... [more]  

From 1 December 2014, Yachting Developments has relocated to a new, larger yard site, conveniently positioned next door to its former Hobsonville facility. With teams across all disciplines, including new build, refit and restoration, engineering, design and upholstery, the new site offers increased space with a large office space to complement the modern 50m building shed. ... [more]  

December 17, 2014: The AUDUSD held 0.8200 but is under extreme internal and external pressures. The KIWI booked gains and look set to test 0.7800 looking more attractive to investors than it's Trans-Tasman cousin. The NZD currently trades 0.6218 and 0.4922 against the EUR and GBP. ... [more]  

The Lakefest Aquatic Week on beautiful Lake Macquarie – just south of Newcastle – is set to become a reality with a number of events confirmed to occur during the February 20-27 week long celebration. ... [more]  

In 2013, over 955,000 boats changed hands on the pre-owned boat market. That meant for a nearly a million boat buyers, hiring an accredited marine surveyor to inspect their potential dreamboat was often the first step after finding it. ... [more]  

Marine Auctions is proud to announce that they will be pioneering their 2015 auctions with live internet online bidding from around the world. This is a huge step for Marine Auctions who have cemented themselves at the forefront within the industry. ... [more]  

The defaulting entrepreneur has left a huge hole in the finances of the Yachting Journalists’s Association, organisers of the awards, and the annual lunch at Trinity House, where the winners are traditionally announced, may have to be cancelled this January unless a new sponsor can be found. ... [more]  

Organisers of the Gosford to Lord Howe Island Yacht Race Gosford Sailing Club, after a comprehensive review, has regrettably announced that it will not be the organiser of a Gosford to Lord Howe Island Yacht Race in future. This brings to a close the forty year history of the only annual Category One ocean race in Australia besides the Sydney to Hobart Race. ... [more]  

Owners of larger twin-engine powered vessels are taking advantage of reliability and quality with Hyundai SeasAll’s common rail turbo diesel engines in their search for considerably improved economy and excellent performance. ... [more]  

December 13, 2014: The collapse in Oil prices acts a massive global stimulus for consumer and producers. The impact will be huge on the consumer and retail sales, sparking demand, flowing through to producers. Commodities have been slaughtered and the associated currencies reflect this. The AUD is under extreme pressure, with terms of trade dictating weaker economic conditions, pushing the AUD to ... [more]  

Lots of interesting vessels have been floated on and off DYT Yacht Transport’s semi-submersible ships, but none have been so intriguing as the 126-foot research vessel M/V Ocearch, which is currently making its way from Port Everglades, Florida to Brisbane, Australia onboard DYT’s 686’ flagship Yacht Express. ... [more]  

Clipper Ventures Plc and its Global Medical Emergency Support Partner, PRAXES Medical Group, are launching a new joint venture which arose from their partnership in the last edition of the Clipper Race. ... [more]  

The St. Maarten Heineken Regatta Sponsor party, held on Monday December 8, 2014, turned out to be a successful and enjoyable event. Over 20 sponsors received acknowledgement and praise for playing a very important role in the successful continuation of the St. Maarten Heineken Regatta this year and coming year. ... [more]  

December 12, 2014: The NZ economic recovery allowed delusional pronouncements of 'problem solved'. Acting on rate rises, oblivious to all our trading partners, has raised input costs to the whole economy and made the currency far too attractive. ... [more]  

Phuket International Boat Show organisers, held 8th to 11th January 2015 at Royal Phuket Marina, confirm a strategic partnership with Thailand Elite, the world’s first country membership programme, to showcase Phuket and Thailand's yachting lifestyle to Thailand Elite members and provide a marketing and networking platform showcasing Thailand Elite ... [more]  

Fountaine Pajot continues its dominance of the world’s cruising catamaran market with the announcement of a new Flagship model, the Ipanema 58. ... [more]  

Watson’s Marine Centre in conjunction with Yamaha Motor Australia is proud to pioneer the way to safer boating by custom-building the first vessel to the latest National commercial safety regulations, set out by the Australian Marine Safety Authority (AMSA). ... [more]  

boatTENT becomes the first product for sailboats launching with crowdfunding. The goal, says Anibal Damiao, founder and inventor of boatTENT is to leverage the internet as a distribution mechanism to reach large masses of early-adopter sailors that would like to have a boatTENT while wanting to participate in the development of the product. ... [more]  

2014 Gold Coast International Marine Expo - Gold Coast International Marine Expo has donated $17,000 to four beneficiary charities that helped to make this year’s event such a huge success. ... [more]  

Aurora Global Logistics, in conjunction with Peters and May, is proud to have been involved in the shipping and import clearance of the new 100-foot Supermaxi race yacht, Comanche, which is set to debut in the Rolex Sydney Hobart Yacht Race on Boxing Day. ... [more]  

December 10, 2014: Global equities tumbled overnight triggered by a bond scare in China and a Political emergency in Greece. Chinese bonds collapsed after the illegitimation of lower ranked bonds as a source of collateral sparked a sell-off. Equities were hit hard and this was intensified by the Political upheaval in Greece. ... [more]  

The Prime Minister hosted a dinner at Downing Street for the first Great ambassadors from sport, business, fashion and the arts at which he recognised the importance of their contribution to the Great Britain campaign and encouraged them to continue their involvement. ... [more]  

Day Five of the PSA Laser Santa 12 Days of Christmas and the offer is free sail numbers with any sail purchased. ... [more]  

For the sixth consecutive year the Outback Bowl has chosen celebrated marine wildlife artist and conservationist Dr. Guy Harvey to design the game’s official program cover and t-shirt. Outback Bowl match up is Wisconsin Vs. Auburn on New Year's Day. ... [more]  

Sun shines on Asia Superyacht Rendezvous by Event Media, Phuket, Thailand
The Asia Superyacht Rendezvous will be celebrating its 14th year this December 16-18, showcasing many beauties of the sea, together with some of the best delights that Phuket has to offer. Among the eclectic fleet that will be anchored below the beautiful Kata Rocks Resort will be boats with very diverse heritage and stories. ... [more]  

Sail-World is now live testing the changed website format. If you are using this format for the first time, please scroll to the bottom of the site and check that your region is set for your region and not some other. It can be correctly set up using the drop down boxes. Then go to the top, click refresh, and you should be away. ... [more]  

Brunswick Corporation names Schwabero to board of directors
Four new 'Fish Friendly Marina' accreditations announced
Royal Melbourne Yacht Squadron signs new club sponsor
Larry Leonard Joins Ullman Sails
Help save a child's life - Become a Life Jacket Loaner Site
New, upgraded Viper 640 Class website launched
SBI announces GEICO as Presenting Sponsor of 2015 Race Series
Collinson FX Market Commentary: Dec 9 - Oil price tanks
Another successful auction year comes to a close at Runaway Bay Marina
Marine Auctions is proud to announce the return of Bill Fankhauser
Yachting Australia announces Governance Reforms
Collinson FX Market Commentary: Dec 6 - AUD implosion continues
Many new features at Grand Pavois 2015 show!
Laser Training at H20 Sports Academy Australia
Collinson FX Market Commentary: Dec 5 - Slow finish to week
Statement from Sanctuary Cove International Boat Show
Go on an underwater adventure this summer at the museum
GC Marine Expo-Industry Leaders unite for a bright future
Collinson FX Market Commentary: Dec 4 - KIWI suffering its own crises
Official charity partner for Extreme Sailing Series announced
True Heading announces contract with Lockheed Martin   
Collinson FX Market Commentary: Dec 3 - KIWI back a 'big figure'   
London Boat Show - What’s in store from the RYA?   
Sydney Rigging Specialists – You can’t push a rope! *Feature   
Sailing Software Alliance holds first Club Workshop   
Sydney Hobart - In memory of Gary Ticehurst   
Australian cruiser manufacturer Maritimo finishes 2014 on a high note   
Club Marine's all-new TeleClaims and Online Claims   
Superyacht Queensland to be managed by Superyacht Australia   
Collinson FX Market Commentary: Dec 2 - Unpromising start to week   
Centurion Boats announce financing program for Australian dealers   
Flexitank officially releases next generation dock system   
Soldiers Point Marina continues to maintain world standard   
Leading Global Marina Associations enter into a global agreement   
Introduction of NSW's first combined car and boat licence   
The excitement increases – The new Fjord 48 Open enters production   
BIAA state of industry survey   
New Instructional Sailing Apps for Android now available   
Global Marina Institute appoints new director   
Superior puts its stamp on the Seychelles   


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 WAS MBW
LocalAds   DE  ES  FR  IT