by Collinson FX
18ft Skiffs, Auckland January 13, 2013
Collinson FX market Commentary: January 15, 2013
http://itunes.apple.com/app/collinsonfx/id533360650?mt=8!Click_here to find out how to get CollinsonFX's free iPhone app
Markets were steady to begin the week with little news out on the economic front. US markets were digesting various Fed leaders speeches over the country with Bernanke reiterating his stance on prolonged low rates as long as Unemployment remains stubbornly high and inflation is controlled.
Concerns are surfacing about inflationary pressures and this is any central bankers nightmare and a box Pandora does not want to open! There are open questions over Apple which has now dropped below US$500. The longer their gadgets remain on the market the more profitable they are and we are seeing a shortening lifespan on refreshed products. Post-Jobs may not see the innovation and thus the fallout will grow as innovative companies overtake them.
Commodities remain well bid and the EUR held 1.3350 and the GBP 1.6075 despite Industrial Production falling 0.3%. The AUD traded 1.0550 with Home Loans falling and Job Advertisements dropping 3.8%. Storm clouds seem to be gathering over the Australian economy in an all-important election year.
The KIWI is trading just under 0.8400 but will be impacted by further economic developments in Europe and the US. Plenty of data to determine daily directions this week and look to Political leaders for disruptive messaging.
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.