Collinson FX Market Commentary - Apr 12 - US on financial reform path

by Collinson FX on 11 Apr 2017

Greta and Kate Stewart - Bronze medalists - NZL Girls 29er, competing on Day 1 of the 2016 Aon Youth World Sailing Championships Richard Gladwell www.photosport.co.nz

Collinson FX Market Commentary - Apr 12 - US on financial reform path

Trump is now talking about the reformation of the Dodd/Frank act, financial regulation, which the market welcomes with open arms. Deregulation and tax reform are the book ends of the Trump rally and need to be expedited.

Trump also tweeted he would sort North Korea, with or without China, post detente. China has been swooped up in the Trump administration with carrot and stick. The Dollar was steady, with the EUR trading 1.0600, although the Yen moved up to 109.70. Commodities remained firm, supporting the associated currencies, with the NZD holding 0.6950.

The AUD attempts to regain 0.7500, with local Consumer Confidence confirming rising sentiment, despite the reserve. Markets remain steady with little on the economic front and seams bursting Geo-Politically.

2016 Youth Worlds - NZL Nacra 15 crew on the Final Day © Richard Gladwell www.photosport.co.nz

Collinson FX Market Commentary - Apr 11 - Cordiality or fireworks?

April 11 - US equities began the week with a positive start while commodity prices show support. There was little on the economic front to drive markets in a week set to be dominated by Geo-Political events.

The tumultuous events of the previous week culminated in the Sino-US meeting. There was little in the way of expected fireworks with a tone of cordiality being struck. The Middle East and North Korea remain threats to global securities and markets.

The looming French elections have the potential to disrupt European markets and will have flow on effect on global markets. The EUR traded below 1.0600 while the Yen pushed 111.00.

Commodities were steady, with the NZD trading around 0.6950, while the AUD attempts to regain 0.7500. Australian Consumer Confidence will be released this morning which may impact the directional moves in local markets. click here and here Or for the latest update click here

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