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Sail-World.com : Collinson FX Market Commentary: May 6, 2014 - The week splutter-starts
Collinson FX Market Commentary: May 6, 2014 - The week splutter-starts

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Collinson FX market Commentary: May 1, 2014

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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

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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


  

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11:38 AM Tue 6 May 2014GMT


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Related News Stories:

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
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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
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