Collinson FX Market Commentary - Apr 27 - KIWI plunges
by Collinson FX on 26 Apr 2017
Mens 29er (NZL) - Aon Youth Worlds 2016, Torbay, Auckland, New Zealand, Day 3, December 18, 2016 Richard Gladwell
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Collinson FX Market Commentary - Apr 27 - KIWI plunges
Apr 27 - The huge rally in equities was triggered by the French elections and sustained by the tax cut proposals by the Trump administration. Overnight Treasury Secretary Mnunchen revealed the 'biggest tax cuts in US history'!
This policy must be passed in to legislation, which Trump has had limited success, to date. Markets in Europe remain calm, in the lead in to the run-off Presidential elections in France, as pundits predict an easy victory for the Centrist Macron.
The EUR dipped below 1.0900, while the GBP pushed to 1.2850, as the Dollar remains solid. The strength of the reserve was reflected in the Yen, trading 111.30, while hitting commodity currencies hard. The NZD has plunged to 0.6875, while the AUD has slipped to 0.7470, despite relatively strong CPI data. Economic data, earnings and Geo-Political events dominate markets.
Collinson FX Market Commentary - Apr 26 - French joy but ANZAC slides
Markets exploded in reaction to the first round of the French Presidential elections. The French CAC rallied over 4%, with Centrist candidate Macron, leading through to a run-off with LePen. Polls predict an easy win for Macron, who has been endorsed by the traditional left and right wing parties, but it is a two horse race?!
The next two weeks look like a cruise to victory, but any hint of a 'Brexit' or 'Trump' , will cause massive upheaval in markets. The EUR rallied to 1.0930, despite a push from the Dollar, reflected in the Yen which moved to 111.10!
Markets were closed for ANZAC day in Australia and NZ, with the currencies drifting, due to a rising reserve. The AUD slipped back to 0.7525, while the KIWI plunged through 0.7000, settling around 0.6950. Global economic data releases are plentiful for the coming week and should provide market direction with incidental Geo-Political events.
Collinson FX Market Commentary - Apr 25 - Two week cruise to victory?
Markets exploded in reaction to the first round of the French Presidential elections. The French CAC rallied over 4%, with Centrist candidate Macron, leading through to a run-off with LePen. Polls predict an easy win for Macron, who has been endorsed by the traditional left and right wing parties, but it is a two horse race?!
The next two weeks look like a cruise to victory, but any hint of a 'Brexit' or 'Trump' , will cause massive upheaval in markets.
The EUR rallied to 1.0850, despite a rally in the Dollar, reflected in the Yen which moved to 109.70! Markets are closed for ANZAC day in Australia and NZ, with the currencies drifting, due to a rising reserve. The AUD slipped back to 0.7550, while the KIWI looks to test 0.7000, on the downside. Global economic data releases are plentiful for the coming week and should provide market direction with incidental Geo-Political click here and here Or for the latest update click here
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