Please select your home edition
Edition
CollinsonCo 728x90 TOP

Collinson FX Market Commentary - July 21 - KIWI lifts from record lows

by Collinson FX on 21 Jul 2015
Fiji 010 - Warmer climes - Fiji - July 2015 Richard Gladwell www.photosport.co.nz
Collinson FX Market Commentary - July 21 - Click here to find out how to get CollinsonFX's free iPhone app

Equity markets opened the week with steady rises, with no major challenges from Greece or China, to upset the applecart. The underlying problem remains commodity prices, which have been under extreme pressure as global demand falls, exacerbated by the threat of interest rate rises in the US.

Yellen has confirmed a penchant for a rate rise with qualifications!? She has advocated interest rate rises assuming economic markets conform. The 'out' has given markets pause, with detrimental data triggering reaction in currency and equity markets, while increasing downward pressure on commodity prices.

Gold and Oil are leading indicators and have been in a steady decline and impacting associated currencies. The NZD bounced from recent record lows, to trade 0.6570, while the AUDUSD has slipped back to 0.7360 with the RBA minutes today crucial.

Central Bank activity has accentuated falls, by timely rate cuts, to advance falls driven by lower commodity demand. The EUR remained steady, trading 1.0840, while the GBP drifted off to 1.5600. Economic data from Europe and the US will drive equities and currencies while Chinese demand impacts commodity currencies heavily.

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.
CollinsonCo 728x90 BOTTOM

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 New Zealand 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