Please select your home edition
Edition
Collinson and Co

Collinson FX Market Commentary- September 18, 2012 - KIWI at 0.8250

by Collinson FX on 18 Sep 2012
Image of the day Oracle Team USA sailing the AC72 - USA-17 on Day 2, September 17, 2012 AC72 Guilain Grenier Oracle Team USA © http://www.oracleteamusamedia.com/

Collinson FX market Commentary: September 18 2012

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

The fallout from QE3 remains with the equity markets showing risk appetite.

The positive news from the equity markets are not reflected in our quantum which we call reality. The deficits remain crippling and debt levels have reached tipping point, so why have the markets decided to invest in equities. Bernanke has decided that corrupted Keynesian economics will keep his job as he pins his hopes on the biggest spending President of all time!

The world needs a quantum shift and address the welfare/beneficiary system robbing productive society to support largesse.

The EUR moved to 1.3100 after all the Central Bank corruption of the Dollar and the GBP moved to 1.6250. Commodities have found support with the reserve currency demise although the AUD struggles at 1.0465.

Questions must be asked as to the relative weakness despite the concerted effort to undermine the reserve currency.

The KIWI trades 0.8250 and shows some support though fundamentals point to a terrible readjustment.

Re-election of the Obama democratic regime could spell the end of western capitalism and with it the hopes of future generations!


Collinson FX market Commentary: September 17 2012

Equities continued to rally on the back of Bernanke's nuclear option. The release of the new QE3 allowing the Fed to buy $40 Billion/month for eternity has sent equity markets into a buying frenzy crashing through technical tops.

The overhwelming response is natural considering the promise of an endless supply of cheap money. The rally continued with some positive data assisting markets. University of Michigan Consumer Sentiment rose as did Retail Sales endorcing the rise in risk sentiment. Egan-Jones downgraded the US from AA to AA- but this failed to raise any fears. Manufacturing and Industrial Production in the US both slipped confirming the state of the US economy and exemplifying the reason for central bank interference.

The USD has been understandably trashed as the Fed washes away the value of the once mighty Dollar. The EUR rallied to 1.3115 and the GBP 1.6215. Rumours abound that a pending EU$300 Billion bailout of Spain is being considered by the Troika. The EC,ECB and the IMF would not discourage the bailout considering the contingency mechanisms they now have in place.

Commodities rallied as the USD faultered boosting the AUD to 1.0540 and the NZD to 0.8275. This week will closely monitor activity in the Eurozone with US economic data featuring Housing and Manufacturing.


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 - Dec 9 - NZD climbs against all
The NZD has been a beneficiary of all the good news, pushing back to 0.7150 The NZD has been a beneficiary of all the good news, pushing back to 0.7150, while the AUD has traded 0.7450 despite weak GDP growth data. Commodities remain a strong story only contained by a rising reserve.
Posted on 9 Dec
Collinson FX Market Commentary - Dec 8 - Australian economy struggles
The currency recovered some of the losses overnight, to trade 0.7470, while the NZD consolidates above 0.7125. The Australian economy is struggling and the contraction in economic growth is a historical symptom of this. The currency recovered some of the losses overnight, to trade 0.7470, while the NZD consolidates above 0.7125. Action and rhetoric from the ECB will drive markets overnight, with the Fed next week expected to turn the page on QE infinity, rising from the ashes.agnation and disruption.
Posted on 8 Dec
Collinson FX Market Commentary - Dec 7 - EU mired in stagnation
AUD sets out around 0.7450, while the NZD attempts to hold 0.7100. The AUD may come under pressure from expected weak GDP data today, but sets out around 0.7450, while the NZD attempts to hold 0.7100. The threats impacting the global economy are coming from Europe and Central Bank activity is being driven by economic fundamentals. The Fed is in a completely different cycle, with economic demand and growth, while the EU remains mired in stagnation and disruption.
Posted on 7 Dec
Collinson FX Market Commentary - Dec 6 - NZD recovers post Key
The NZD lost ground on the news, but also recovered overnight, to trade 0.7150. The NZD lost ground on the news, but also recovered overnight, to trade 0.7150. The AUD had slipped with the rising safety-play of the reserve, but found ground, heading back towards 0.7500! watch out for the RBA decision, with no action expected, although associated commentary may impact the currency! Onwards and upwards for markets and the Dollar remains king!
Posted on 6 Dec
Collinson FX Market Commentary - Dec 3/4 - European mayhem
AUD back up to 0.7445, while the NZD breached 0.7100. The EU is descending in to mayhem and France and Germany may seek to salvage what they can and retreat from goals of globalisation. Oil continues to bank gains, post-OPEC, leading a commodity revival. This has been enhanced by the softening reserve, with the AUD back up to 0.7445, while the NZD breached 0.7100. Onwards and upwards for markets and the Dollar remains king!
Posted on 4 Dec
Collinson FX Market Commentary - Dec 2 - The (US) Dollar remains king!
The AUD regaining 0.7400, while the KIWI stalled around 0.7050. The Dollar was steady, but remains bid, with the EUR trading 1.0625 and the Yen 114.40! The GBP has fared well, moving back to 1.2600, as a kindred spirit to a Trump USA. The commodity currencies have solidified, with the AUD regaining 0.7400, while the KIWI stalled around 0.7050. Onwards and upwards for markets and the Dollar remains king!
Posted on 1 Dec
Collinson FX Market Commentary - Dec 1 - OPEC defies pundits
The AUD lost a big figure, to trade below 0.7400, while the NZD slipped to 0.7075. OPEC have defied all the sceptics and done a deal! The Cartel have agreed to cut Oil production by 4.5%, allowing Oil prices to surge towards $50/barrel, feeding Energy companies. This is huge news in the energy space but solidarity will have to be seen to be believed!?
Posted on 1 Dec
Collinson FX Market Commentary - Nov 30 - Oil drops to $45/barrel
NZD breaks 0.7100, while the AUD looks towards 0.7500 OPEC confidence is low, with a diverse group not expected to agree to any supply restrictions, pushing Oil back to $45/barrel. The USD has settled into a lull, which has boosted resurgent commodity prices, as growth drives demand. The associated currencies have been beneficiaries, with the NZD breaking 0.7100, while the AUD looks towards 0.7500.
Posted on 30 Nov
Collinson FX Market Commentary - Nov 29 - Iran undermines oil price
The KIWI has spiked back to 0.7050, while the AUD has pushed to 0.7460 Oil prices are being watched closely, with OPEC meeting this week, all keenly awaiting the outcome. Iran has re-entered the market and this has undermined any supply caps previously agreed.
Posted on 29 Nov
Collinson FX Market Commentary - Nov 26/27 - Markets back in sync
The AUD closed the week at 0.7430, while the NZD broke strongly above 0.7000, driven by Dollar behaviour. Markets are now back in sync, with good economic news, driving positive reactions in demand for equities and commodities. Post-GFC markets have been upside down, with negative economic data driving equities up, due to Central Bank interventionist monetary policy.
Posted on 28 Nov