MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: May 7, 2014 - NZ goes alone with rates
Collinson FX Market Commentary: May 7, 2014 - NZ goes alone with rates

'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 7, 2014

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

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=121912

1:52 PM Wed 7 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:

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
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
MORE STORIES ...




Marine Business News

The media conference marks the opening of the 2014 China (Macau) International Yacht Import and Export Fair, which will take place at the Grand Colane Resort from 7-9 November. The three-day fair promises to offer its valuable guests a vibrant experience of luxury lifestyle and oceanic culture. ... [more]  

Dometic Group announced on September 9th that it signed an exclusive purchase agreement with Elkhart, Ind.-based Atwood Mobile Products, LLC, a global provider in designing, engineering and manufacturing appliances and hardware for the RV, On-/Off-Highway and Marine industries for over 50 years. ... [more]  

Heading to the Marine Equipment Trade Show (METS) 2014? Have you booked your place at the 13th International Sailing Summit? Taking place on 17 November, the day before one of the industry’s largest B2B exhibitions, the Summit is one of the key events on the METS programme. ... [more]  

2015 Festival of Sails - The Royal Geelong Yacht Club has welcomed the State Government’s decision to renew its funding support of the iconic Festival of Sails regatta for a further three years, cementing its position as a permanent fixture on the Victorian Major Events calendar. ... [more]  

October 30, 2014: The US Fed cited the vast improvement in the Labour market, with the Unemployment rate falling below 6%, while inflation has remained benign. The Fed's Balance Sheet is still providing massive stimulus because of its extremely bloated state. The size of the balance sheet means that just reinvestment of maturing bonds will be a massive stimulus. ... [more]  

Representing superlative achievement with a focus on sustainability, the awards were presented 29 October at the 24th Anniversary of ISS’s Awards Gala in Fort Lauderdale, Florida during the Fort Lauderdale International Boat Show. The Excellence in Innovation Award was accepted by David Hogan, son of Superior CEO, John and Jackie Hogan in front of an international audience. ... [more]  

Genoa International Boat Show 2014 ‘in recovery’ by Guy Nowell, Sail-World Asia, Hong Kong
Once upon a time, and not so very long ago, Genoa was very much the numero uno Mediterranean boat show, with 3,000+ boats in the water and practically every manufacturer on the planet anxious to be seen there. The combined effect of the financial crisis 2008-onwards and subsequent financial austerity measures imposed by the Italian government, including swingeing taxes on luxury products ... [more]  

2015 Sanctuary Cove International Boat Show - After a successful 2014, Mulpha Sanctuary Cove is gearing up for its 27th annual Sanctuary Cove International Boat Show, with exhibitor opportunities opening next week (November 6). ... [more]  

A brand new online classifieds website called Boat Bitz has just been launched specifically focused on helping boat owners clear their unwanted or unused boating and fishing equipment. ... [more]  

Built by one of Japan’s premier shipyards, EAGLE ONE has kept pace with modern luxury with a series of refits, most recently 2014, and is for sale, under $1m. ... [more]  

Exposure Marine is one of six brands nominated for a DAME award in the lifesaving and safety category. Entirely British designed and manufactured, Exposure’s innovative, immensely powerful Man Overboard (MOB) strobe and search light, will ensure you can be found fast and does not even need to be switched on! ... [more]  

WWF-Australia and the Australian Marine Conservation Society have released a 10-point plan to save the Great Barrier Reef, in response to the Queensland Government’s Draft Reef 2050 strategy. ... [more]  

October 29, 2014: The AUDUSD is looking to test 0.8840 while the KIWI traded 0.7905 ahead of the RBNZ meeting. Expectations are for them to desist from the current raising policy. There is a huge stimulus going on globally and that is the collapsing price of oil! The AUD currently trades 0.6920 and 0.5470 against the EUR and GBP respectively with the AUDJPY trading 95.40. ... [more]  

The famous Henri Lloyd Summer Sample Sail is in now at the Henri Lloyd showroom in Crows Nest, Sydney! Huge range of samples and discontinued lines from Henri Lloyd's marine, footwear and lifestyle collections for men and women. Discounts of up to 80% off original RRP! ... [more]  

Performance Sailcraft Australia has been involved in the singlehanded dinghy market for over four decades so they know a thing or two about single hander sailing. Chris Caldecoat from PSA said 'When we acquired the Byte CII we knew the boat had amazing potential but after discussing the boat with the global builders we also found it was still potentially too much of a step for lighter sailors ... [more]  

Where is the Deepwater Horizon oil? by Woods Hole Oceanographic Institution
During the 2010 crisis, some of the oil gushing from the seafloor appeared as slicks on the sea surface, while roughly half of it, scientists estimate, remained trapped in deep ocean plumes of mixed oil and gas, one of which was more than a mile wide, hundreds of feet high and extended for miles southwest of the broken riser pipe at the damaged Macondo well. ... [more]  

The illegal take of snapper from Port Phillip, Western Port and Corner Inlet will be the focus of a Fisheries Victoria blitz starting Melbourne Cup long weekend. ... [more]  

2014 Fort Lauderdale International Boat Show - Australia’s leading superyacht organisation, Superyacht Australia will be showcasing the best of Australian brands at 2014 Fort Lauderdale International Boat Show and promoting Australia as a cruising destination for global suoeryacht fleet. ... [more]  

Australian boating icon Riviera is happy to announce that three of its school-based apprentice students have received awards recognising them as finalists in Queensland’s School-based Apprenticeship and Traineeship (SATs) Awards. Riviera and Helensvale State High School this year rekindled the school-based apprentice program, which first started in 1997. ... [more]  

October 28, 2014: The AUD is battling lower commodity prices and is struggling to break 0,8800 while the NZD is testing 0.7900. The RBNZ is expected to halt the inexplicable interest rate policy raises, this week, which will be a hollow relief for many. ... [more]  

SOS Marine and Mobilarm subsidiary Marine Rescue Technologies ('MRT') announce today that the sMRT Inflatable SOS Dan Buoy is one of the 45 products that have been nominated for final judging by the Design Award METS (DAME) 2014 jury. The products have been selected from a total of 116 entries from 23 nationalities from all over the world. ... [more]  

SOS Marine and Mobilarm subsidiary Marine Rescue Technologies ('MRT') announce today that the sMRT Inflatable SOS Dan Buoy is one of the 45 products that have been nominated for final judging by the Design Award METS (DAME) 2014 jury. The products have been selected from a total of 116 entries from 23 nationalities from all over the world. ... [more]  

The findings and recommendations of the government commissioned UK Marine Supply Chain Study will come to life at a dedicated forum on Wednesday 26 November. Taking place at Action Stations, Portsmouth Historic Dockyard, the British Marine Federation’s Supply Chain Conference is a must attend event for builders of small commercial and leisure vessels, their equipment manufacturers and suppliers. ... [more]  

Azimut Yachts further strengthens its presence in the overseas markets thanks to a new partnership with Euro Yachts, doing business as Azimut Yachts Mexico, the Group's new exclusive dealer for the Mexican market. Featuring four venues in key Mexican markets, Azimut Yachts Mexico is assured a strong presence throughout the country. ... [more]  

The Biograd Boat Show concluded its four day exhibition on Sunday October 26th, with a record 275 exhibitors from 13 countries, exhibiting 291 vessels (record) from two to 20m. Attendance was also record breaking, with more than 14,500 visitors coming to Biograd, which has a population of only 5,000, but more than 1500 registered vessels. ... [more]  

Innovation has been a crucial theme at METS since this leading B2B marine equipment trade show opened its doors in 1988. Surveys of the many thousands of visitors from around the world consistently show that innovation is the number one reason to come to Amsterdam each year for METS. ... [more]  

Superior recently signed an MOU with South Korean manufacturer and marine industry proponent, Scotra. ... [more]  

October 25, 2014: Equities rallied for a strong close to another tumultuous week. The coming week will focus on Geopolitical issues of terror, disease,war ...shades of the apocalypse. Markets will look at growth through GDP numbers and inflation while remaining alert to Central Bank activity from the Fed and RBNZ. ... [more]  

After more than 17 years with the International Sailing Federation (ISAF) Jerome has decided to pursue other professional challenges. ... [more]  

FLIR Systems, Inc. (NASDAQ: FLIR) today announced financial results for the third quarter that ended September 30, 2014. Revenue was $375.4 million, up 5% compared to third quarter 2013 revenue of $358.1 million. ... [more]  

October 24, 2014: Cost of living is on the rise so this inflation number is a sad reflection of the impact of the RBNZ monetary policy. The brakes were put on too soon and too hard! The KIWI is under attack from their Central Bank but interest rate differentials remain supportive. The NZD held 0.7820, while the AUD/USD traded 0.8750 ... [more]  

The Tauranga Boat Expo has proven a popular attraction for marine enthusiasts outside the main centres. This year, Lancer has chosen to join the show as part of their tour introducing the market to Sea Blade as well as their other exciting products. ... [more]  

2015 Audi Hamilton Island Race Week - It is always good to book early to secure the best properties. We are also offering early bird discounts for bookings between now and February 2015. ... [more]  

NMMA loses E15 fuel U.S. Court of Appeals Decision
2014 Airlie Beach Race Week - ABRW wins major award
Mets 2014 - Barz Optics nominated for DAME Award
Collinson FX Market Commentary: October 23, 2014 - Inflation dips
13th International Sailing Summit will learn from British Cycling
High profile anglers support Rec. fishing reserve for Port Phillip
Team Vicsail - Key new appointments to the team
Explore Australia Expo and Brisbane Tinnie and Tackle Show join forces
METS names DAME Award nominees
Sanlorenzo names new Group President, General Manager
Barcelona International Boat Show reflects signs of recovery in sector
Collinson FX Market Commentary: October 22, 2014 - European recession
Smartphone App solves common race management issues in Port Hacking
Groupe Beneteau named sponsor of US Sailing Team and ISAF World Cup
Edmiston appoints new Chief Executive Jamie Edmiston
US Yachts changes name to Performance Cruising Yachts
Collinson FX Market Commentary: October 21, 2014 - Greenback retreats
New improved swell forecasting and more locations from PredictWind
A Sailor's Dream Home: View after the Coastal Classic - Auction 22 Nov
Brisbane Tinnie and Tackle Show moving to Manly Harbour in 2015
Partnership to encourage lifejacket use   
2014 Gold Coast International Marine Expo: Another outstanding success   
Headsync to distribute Gobius tank monitor system in the USA   
AIMEX and Superyacht Australia renew partnership with SCIBS   
2014 Gold Coast International Marine Expo - Marine Syndication wins   
Scotland’s Boat Show - More than 13,000 flock to Kip Marina   
RYA Scotland Annual Awards - RYA calls sailors to nominate   
2014 Gold Coast Int'l Marine Expo - McDonald’s boosts the family fun   
Yacht CN 2014 —3rd Nansha Bay International Boat Show open   
Dutch boy on a mission to rid the world's oceans of floating plastic *Feature   
Discover Boating Week starts tomorrow   
Collinson FX Market Commentary: October 17, 2014 - Calming the Storm   
Great start to another massive Gold Coast International Marine Expo   
Australian Sailing Team opens National Training Centre Extension   
Research project concludes Glycerine -a clean alternative marine fuel   
2014 Fort Lauderdale International Boat Show - About to start   
DualDocker welcomes Gerhard Bukac as International Sales Manager   
Hood Sails – an Australian sail-making icon   
Boating bodies combine to launch First Safer Boating Week   
Collinson FX Market Commentary: October16, 2014 - Panic mode in Europe   


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 NEW MBW
LocalAds   DE  ES  FR  IT