Please select your home edition
Edition

Collinson FX Market Commentary- Apr 29 - Cash rate cut expected

by Collinson FX on 29 Apr 2015
- Day 2, Jack Tar Regatta 2015 Ivor Wilkins/Offshore Images http://www.offshoreimages.com/
Collinson FX market Commentary: April 29 2015 -

http://itunes.apple.com/app/collinsonfx/id533360650?mt=8!Click_here to find out how to get CollinsonFX's free iPhone app

Advanced economies are drowning in money as global printing presses run hot! The avalanche of liquidity has lead to corrupted markets, with equities booming, currencies distorted and commodites reflecting demand constrained by a weak reserve. Promises of a return to normal monetary policy in the US, as economic conditions improve, have fallen by the wayside.

Economic data has been weak and now corporate earnings are being impacted. US Consumer Confidence plunged overnight, reflecting the dire state of the all important consumer, further dampening prospects of a return to normal interest rates. This was reflected in the Dollar, with the EUR surging to 1.0980, while the GBP jumped to 1.5325 despite weaker than expected GDP growth. Commodity prices have been boosted by weak reserve measurements rather than rising demand and therein lies the problem.

The associated currencies reflected recent moves, with the NZD moving back above 0.7700, while the AUD soared back towards the big number 0.8000.

Locally expectations are for the RBA and RBNZ to cut rates, joining the global currency wars, but ignored by markets as the Dollar phenomena overwhelms all. Australian Consumer Confidence has been on the rise, while NZ Trade numbers are set to reveal a surge, due to recent currency falls. Attempts by the local Central banks may be overpowered by stronger inactions in the Fed.

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