MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: May 28, 2014 - KIWI limps along
Collinson FX Market Commentary: May 28, 2014 - KIWI limps along

'Akatea - RNZYS Club Marine Winter Series - May 24, 2014'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: May 28, 2014

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

Markets were looking desperately for a reason to buy and found one in the form of Durable Goods Orders in the US. They rose by 0.8% after a expectations were for a contraction of 0.7%. Consumer Confidence data also managed to eke out gains and this was enough to trigger a rally in equities, building on record levels already achieved by extreme monetary excesses from the Central bankers, globally. Manufacturing activity was disappointing but largely overshadowed by growth data.

The Richmond Fed and Dallas Fed showed a fall in Manufacturing activity from the previous month but still progressed forward. European markets are still recovering from the revolution in the Parliamentary elections which is ironic!? Many nations, within the Union, are fighting to leave the Union and the Ukraine is literally fighting to join! It is amazing what the temptation of money will bring! The trouble is that the money must come from some where!? It is the contributing nations that are failing to see the risk/reward. The unforeseen bureaucracy monster has been unleashed and collateral damage is becoming apparent and vast.

The EUR dipped back to 1.3625 and the GBP retraced below 1.6800 amid assurances from ECB President to act on inflation. Russia has taken the back seat in the Ukraine and the new President has unleashed a massive military operation against the separatists. Putin has achieved much of his ambitions but will be sorely tested from attacks upon resident Russians.

The KIWI limped along to 0.8540 after disappointing trade data although the AUD showed some support rising back to 0.9250. Markets are looking for a reason to rally but remain vulnerable to Geo-Political developments and a floundering global economy.

Volvo 70 Giacomo training - May 24, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: May 27, 2014

The open to the week was quiet as the Americans celebrated Memorial Day. There was little in the way of economic data releases in Europe or Asia although NZ Trade data surprisingly fell, with both Imports and Exports contracting. This had little impact as initial softness in the currency was recovered during European trade. The KIWI traded 0.8550 and the AUD 0.9235. The big news overnight was the European elections which was devastating for the single market.

Voters abandoned traditional pro-European political parties and moved to the left or right. The common thread was the anti-European move, which is hardly a surprise, considering the disaster they have foisted upon member nations. The concept was excellent, on a trade basis, but the establishment of yet another level of Government and bureaucracy was not. The bureaucracy is undemocratic and unrepresentative as the seat of power moves further from the people. The imposition of mindless regulation, from upon high, and tax collection reminds many of bygone eras.

The concept of a single currency was good, but the design and implementation, was a complete failure. Fiscal unity is conceptually flawed and the problems do not end there. Fiscal consolidation relies upon uniformity and operating within boundaries. This can, clearly not, happen with a huge divergence between Southern Countries and the North. The people have voted and they have elected non-European members of a European 'Union'?!?

In the UK the Independence Party(UKIP) overwhelmed all three traditional Parties and the Right Wing Nationalist Party in France obliterated the incumbent Socialists. This mood has been building and is not likely to dissipate in National elections. The EUR was not impacted, trading 1.3650 and the GBP 1.6850. Close attention will be focused on the US markets when they re-open after the long weekend.

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=122634

1:13 PM Wed 28 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:

28 May 2014  Collinson FX Market Commentary: May 27, 2014 - NZ Trade data falls
25 May 2014  Collinson FX Market Commentary: May 24, 2014 - RBNZ presumptuous
24 May 2014  Collinson FX Market Commentary: May 23, 2014 - ANZAC's down
23 May 2014  Collinson FX Market Commentary: May 22, 2014 -US Interest stays low
22 May 2014  Collinson FX Market Commentary: May 21, 2014 - OZ plunges bigtime
21 May 2014  Collinson FX Market Commentary: May 20, 2014 - Relief rally continues
17 May 2014  Collinson FX Market Commentary: May 17, 2014 - European aftershocks
16 May 2014  Collinson FX Market Commentary: May 16, 2014 - Pointing fingers
15 May 2014  Collinson FX Market Commentary: May 15, 2014 - KIWI trades strongly
14 May 2014  Collinson FX Market Commentary: May 14, 2014 - US Equities fly high
MORE STORIES ...




Marine Business News





























































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






RYA Advanced Powerboat Handbook unveiled at PSP Southampton Boat Show
2014 PSP Southampton Boat Show - ilovesailing calendar 2015 unveiled
Brisbane Boat Show - Opens with great attractions and innovations
Collinson FX Market Commentary: September 13, 2014 - AUD pressured
Thai drama with Phuket yacht clampdown
Brisbane Boat Show begins *Feature
PSP Southampton Boat Show - What’s the whisper about Whisper?
PSP Southampton Boat Show - Opening day images
Collinson FX Market Commentary: September 12, 2014 - NZD loses ground
P&O and Princess Cruise Ships to continue operating into Abell Point
Sailing Rallies launch two new events at PSP Southampton Boat Show
Abbott Government delivers on marine conservation promise
Garmin ClearVü™ with CHIRP sonar-chartplotter series
Multihull Central: Record sales, Outremer blog, Regattas and much more
Collinson FX Market Commentary: September 11, 2014 - Dollar rallies
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   


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