Please select your home edition
Edition
Collinson and Co

Collinson FX Market Commentary- June 17, 2014 - KIWI's meteoric rise

by Collinson FX on 17 Jun 2014
Crusader - Start ANZ Fiji Race, June 7, 2014 Richard Gladwell www.photosport.co.nz
Collinson FX market Commentary: June 17, 2014

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

Equity markets opened the week mixed, after retreating from all-time record highs in previous trading, due to Geo-political threats from Iraq and the Ukraine and a tepid global economic growth. The upheaval in the Middle East and Europe could drive market volatility, with the VIX on the rise, depending on developments. In the US, Industrial Production rose 0.6% and the Empire State Manufacturing survey beat expectations, slightly. This balanced the negativity driving Oil higher from the Middle East drama.

The EUR remains weak, trading 1.3550, while the GBP looks to test the big, big figure of 1.7000. European inflation is non-existent and in fact deflation is now the problem the ECB is wrestling with. The KIWI's meteoric rise, due entirely to the RBNZ, and the corresponding rise in interest rates is having an impact. Consumer Confidence slipped and House Prices contracted 1.2% for the month and 14.8% for the year.

The economy is now starting to show the effects of RBNZ aggressive policies contradicting trading partners monetary policy. The AUD continues to trade steadily around 0.9400 and look forward to Central Bank activity in the US and locally.

The RBA is set to release minutes which will be an insight to the state of the domestic economy. Central Banks and Geo-Political events will continue to drive the markets.

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 - Apr 29 - KIWI's slide continues
The real victim has been the KIWI, which has fallen to 0.6850, while the AUD has slipped below 0.7500. The EUR held below 1.0900, while the GBP pushed to 1.2950, quietly posting big gains in the lead up to the UK General Election. Commodity currencies have lost substantial ground, especially against the cross rates, while the reserve continues to dominate. The real victim has been the KIWI, which has fallen to 0.6850, while the AUD has slipped below 0.7500.
Posted on 29 Apr
Collinson FX Market Commentary - Apr 28 - KIWI remains low
The NZD has plunged to 0.6875, while the AUD has slipped to 0.7470, despite relatively strong CPI data. 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.
Posted on 27 Apr
Collinson FX Market Commentary - Apr 27 - KIWI plunges
The NZD has plunged to 0.6875, while the AUD has slipped to 0.7470, despite relatively strong CPI data. 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.
Posted on 26 Apr
Collinson FX Market Commentary - Apr 26 - French joy but ANZAC slides
The AUD slipped back to 0.7525, while the KIWI plunged through 0.7000 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?!
Posted on 25 Apr
Collinson FX Market Commentary - Apr 25 - Two week cruise to victory?
The AUD slipped back to 0.7550, while the KIWI looks to test 0.7000, on the downside 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?!
Posted on 25 Apr
Collinson FX Market Commentary - Apr 22 - Trump's action sparks rally
Markets rallied to close the week with Trump signing executive orders for tax reform and financial deregulation. Markets rallied to close the week with Trump signing executive orders for tax reform and financial deregulation. Tax reform is likely to come next week and financial deregulation is likely to come in the form of repeal of the Dodd/Frank legislation. This will release markets and fuel the rally. France hold the first round of the Presidential elections this weekend with the possibilities ensuri
Posted on 24 Apr
Collinson FX Market Commentary - Apr 21 - NZD struggles
AUD moving above 0.7500, while the NZD is battling to hold 0.7000. The EUR held 1.0700, while the GBP is consolidating the lofty gains posted by the snap-election, as elections dominate markets. Commodities currencies were steady, with the AUD moving above 0.7500, while the NZD is battling to hold 0.7000.
Posted on 20 Apr
Collinson FX Market Commentary - Apr 20 - AUD drops on confidence loss
The rising reserve is testing the 0.7000 number on the NZD, while the AUD fell below 0.7500 European markets are under pressure with the arrival of the French elections. It look like a right-left run-off is the likely result but on the extremes. LePen and a candidate from the left will go through to a final run-off. This will drive markets into a nervous period
Posted on 20 Apr
Collinson FX Market Commentary - Apr 19 - Early election jumps UKP
The reserve softened allowing, the NZD to consolidate above 0.7000, supported by dairy prices. European markets were thrown a curve ball, when UK PM May called for an early election, while the pending French election has the prospect of upending the EU. The snap election in the UK is seen as an opportunity to consolidate and validate the Tory Govenrment leading in to Brexit.
Posted on 19 Apr
Collinson FX Market Commentary - Apr 16 - Trump jawbones USD down
The commodity currencies surged, with the AUD jumping almost a big figure, to 0.7570. The commodity currencies surged, with the AUD jumping almost a big figure, to 0.7570. The KIWI was testing 0.6900, on the downside, but spiked towards 0.7000 with the Trump jawboning. The coming week is full of significant global economic data releases which will impact currencies while Geo-Political developments remain the major driver of any substantial moves.
Posted on 16 Apr