Please select your home edition
Edition
Collinson and Co

Collinson FX Market Commentary- December 11, 2013 - Tapering times

by Collinson FX on 11 Dec 2013
ISAF Sailing World Cup, Melbourne Day 3 - 49er (NZL) © Richard Gladwell www.photosport.co.nz

Collinson FX market Commentary: December 11, 2013

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

Equity markets drifted lower, as consideration was given to an improving economy, forcing the Fed to curb monetary stimulus. Budget talks draw to a climax, culminating in a deal by the 13th of December, giving some fiscal stability to markets and removing yet another excuse from the Fed.

The likelihood of tapering improved, but markets are sceptical, as the Dollar continued to flounder. The EUR rose to 1.3770 and the GBP to 1.6440, after a reduction in the UK trade deficit and steady Industrial and Manufacturing production.

Chinese Industrial production continued to impress, holding 10%, and Retail Sales rose 13.7%. This boosted demand for commodities and thus the associated currencies. The AUD rose to 0.9150 and the KIWI just under 0.8300.

The pressure exerted upon the risk currencies of late has come from the Central Banks but support remains, with the only threat, 'Tapering'!

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.
Collinson and Co

Related Articles

Collinson FX Market Commentary - Jan 17 - Hard line on Brexit from May
The AUD drifted back to 0.7470, while the NZD held 0.7100, with all currencies being vulnerable to US Dollar swings. The Trump inauguration, on Friday, has also been the major consideration of markets this week. Doubts have surfaced about global trade and predatory industry/corporate tactics driving nervous speculation. The AUD drifted back to 0.7470, while the NZD held 0.7100, with all currencies being vulnerable to US Dollar swings.
Posted on 17 Jan
Collinson FX Market Commentary - Jan 16 - Market jitters over US moves
NZ Consumer Confidence was flat, lending little to a buoyant currency, which held 0.7100. Markets remain in a flux ahead of this week's US Inauguration with high expectations and uncertainties. The Dollar settled, with the EUR trading 1.0640, while the Yen held 114.00. NZ Consumer Confidence was flat, lending little to a buoyant currency, which held 0.7100.
Posted on 16 Jan
Collinson FX Market Commentary - Jan 13 - Trump can't save dollar
The AUD continued to rally strongly, pushing toward 0.7500, while the NZD set to break out targets at above 0.7200 The markets reversal began during the Trump press conference the previous day and continued as analysts digested the repercussions. The 'Trump effect' has been dented as a wider discussion ensues. Trumps promises of lower taxes, fiscal stimulus and deregulation have been roundly welcomed and boosted the equity markets and the Dollar.
Posted on 13 Jan
Collinson FX Market Commentary - Jan 12 - Late reversal for USD
A dramatic reversal in the Dollar has seen the AUD surge to 0.7470, while the NZD broke strongly above 0.7000! The focus remains on the US and the incoming administration. Update in late market trade in the US. A dramatic reversal in the Dollar has seen the AUD surge to 0.7470, while the NZD broke strongly above 0.7000!
Posted on 12 Jan
Collinson FX Market Commentary - Jan 11 - US Confidence surges
The AUD traded up to 0.7350, while the NZD slipped back below 0.7000, impacting the cross rate. Australian Consumer Confidence also surged, pushing to 120.1 from 113.40, which has influenced the local currency. The AUD traded up to 0.7350, while the NZD slipped back below 0.7000, impacting the cross rate. Markets remain focused on the incoming US administration while economic data drives daily direction.
Posted on 11 Jan
Collinson FX Market Commentary - Jan 10 - Australia moves ahead
The AUD reflected this, pushing back to 0.7350, while the NZD regained 0.7000. Australian economic data was positive, with construction rebounding, while Building Approvals jumped. The AUD reflected this, pushing back to 0.7350, while the NZD regained 0.7000. Economic data will drive markets in the lead up to the inauguration of Trump!
Posted on 10 Jan
Collinson FX Market Commentary - Jan 7 - US markets and dollar rebound
The Dollar also resumed upward momentum, with the EUR slipping to 1.0540, while the Yen retreated to 117.00. Non Farm Payrolls added 156,000 jobs versus an expected 204,000, while the Employment number crept up to 4.7%, although wage growth was positive. The Dollar also resumed upward momentum, with the EUR slipping to 1.0540, while the Yen retreated to 117.00. The Trump dynasty fast approaches and expectations are high.
Posted on 9 Jan
Collinson FX Market Commentary - Jan 6 - US turns negative corner
AUD jumping to 0.7330, while the NZD spiked above the big figure of 0.7000 These employment reports may have cast some uncertainty on markets, as equities fell and the Dollar retreated, with the first negative moves in the US this year. The EUR jumped towards 1.0600, while the Yen moved to 115.00, underlining the Dollar weakness.
Posted on 6 Jan
Collinson FX Market Commentary - Jan 5 - Trump arrival drives markets
The AUD took advantage of the retreating reserve, rallying strongly to 0.7270, while the NZD bounced off 0.6900 Trump has indicated a massive fiscal stimulus and dramatic tax reform, combined with deregulation, has seen confidence soar. European Services and Composite PMI managed to move in the right direction but the EU remains challenged. The Dollar has suffered some profit taking, with the EUR pushing back towards 1.0500, while the GBP broke above 1.2300.
Posted on 5 Jan
Collinson FX Market Commentary - Jan 4 - Markets open on positive note
Stock markets opened on a positive note for 2017, boosted by strong manufacturing PMI data from China and the USA Stock markets opened on a positive note for 2017, boosted by strong manufacturing PMI data from China and the USA, providing a stable economic base for further growth. Chinese PMI rallied, as did the US PMI and ISM manufacturing, confirming a recovery in this sector globally.
Posted on 4 Jan