Please select your home edition
Edition

Collinson FX Market Commentary - Nov 25 - Turkey turmoil bumps dollars

by Collinson FX on 25 Nov 2015
- Steinlager II - 2015 PIC Coastal Classic Richard Gladwell www.photosport.co.nz
Collinson FX Market Commentary - Nov 25 - Turkey turmoil bumps Click here to find out how to get Collinson FX's free iPhone app

Nov 25 - Markets were dominated by Geo Political activity, with the shooting down of a Russian plane by the Turks on the Syrian border, ramping up tensions in the region. The Turks claim the Russian jet crossed the border, while the Russians claim this was false, warning of serious consequences. The Turks are anti Assad, pro US, with many disparate allies and enemies.

The situation is descending into turmoil and this week should see events effect markets. European markets fell with the news, although U.S. Markets remain quiet due to the shortened Thanksgiving week holidays. U.S. GDP came in at 2.1%, in line with expectations, while bond yields slipped lower. Existing Home Sales contracted 3.4% and Manufacturing PMI dipped lower.

The Fed will now focus on Employment and Non Farm payrolls in the all-important decision to raise rates.

The NZD consolidated above .6500, while the AUD jumped towards 0.7230, with Oil leading a rebound in commodity prices. The EUR moved to 1.0650, while the GBP slipped to 1.5070 with uncertainty spreading across financial markets.


Rikki - 2015 PIC Coastal Classic © Richard Gladwell www.photosport.co.nz
Rikki - 2015 PIC Coastal Classic © Richard Gladwell www.photosport.co.nz


Collinson FX Market Commentary - Nov 24 - Europe treads water

Nov 24 - A slow start to a short Thanksgiving week, with Oil pushing higher, while commodities drifted lower. The Chicago Fed National Activity Index contracted lower with anti terror raids hitting Belgium and France. The EUR threaded water, trading 1.0630, while the GBP held 1.5150.

Commodity prices influenced the associated currencies, with the AUD under 0.7200, while the NZD is looking to consolidate around 0.6500. Central Bank speculation and commentary remain the major driver of markets while Geo Political events remain a threat.

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.

Related Articles

Collinson FX: Apr 11: US interest rates to drop
The RBNZ left rates unchanged in NZ, but talked a big game, about holding rates higher The RBNZ left rates unchanged in NZ, but talked a big game, about holding rates higher and squeezing out inflation. This has the desired impact on the NZD, which initially pushed upwards, but the news from the US on inflation, destroyed that narrative.
Posted on 11 Apr Collinson FX are at the Hutchwilco Boat Show
Collinson Forex, a prominent financial services company, is at the Hutchwilco NZ Boat Show Collinson Forex, a prominent financial services company, is making a notable presence at the NZ Boat Show in Auckland from the 18th-21st of May, demonstrating their commitment to the industry.
Posted on 19 May 2023 Collinson FX: Jan 20: No change with PM's exit
The NZ ‘PM of Aotearoa' resigned yesterday, which had little impact on the currency. The NZ ‘PM of Aotearoa' resigned yesterday, which had little impact on the currency, as this will have little impact on the NZ economy.
Posted on 19 Jan 2023 Collinson FX: Dec 5 - Risk appetite rallies
US Federal Reserve Chairman confirms the rate of future interest rate rises may slow US Federal Reserve Chairman confirms the rate of future interest rate rises may slow, as early as December.
Posted on 5 Dec 2022 Collinson FX: Sept 30 - A finger in the dyke
Inflation remains the big problem haunting Central banks across the Western world The Bank of England in an effort to combat the reckless unfunded UK Government's fiscal spendathon mini-budget, kept bond yields lower but is a finger in the dyke. AUD crashed back to 0.6450, while the NZD plunged to 0.5650
Posted on 29 Sep 2022 Collinson FX: June 15 - 'Bear' territory
Markets are crashing across the Western world, with equities charging into ‘bear market' territory Markets are crashing across the Western world, with equities charging into ‘bear market' territory, while crypto's collapse.
Posted on 14 Jun 2022 Collinson FX: June 14: Equity markets routed
The rout on equity markets continued overnight, to open the new trading week and spread The rout on equity markets continued overnight, to open the new trading week and spread to bond and currency markets
Posted on 13 Jun 2022 Collinson FX: April 22: Markets react to inflation
Equity markets turned sour overnight, following strong recent gains Equity markets turned sour overnight, following strong recent gains, as markets look to consider the inflationary consequences across Europe and the US. Market realisation of the devastating impact of inflation and surging interest rates, is coming.
Posted on 22 Apr 2022
This site and its contents are Copyright © 2024 Sail-World Sail-World Australia 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.
If you have any questions about advertising or editorial then please contact our team. If you encounter any technical issues then please email techsupport@sail-world.com
Terms & Conditions | Privacy Policy