Sail-World.com  Thursday 31 July 2014

Home Graphical | News Text | Powerboat-World | MarineBusiness | Newsletters | SW Aus | NZBoating-World | Emirates TeamNZ | Features | Photo Gallery | FishingBoating | Newsletter Subscription Here | Search Sail-World


sail-world.com -- Collinson FX Market Commentary: July 4, 2013 - Egypt pushes Oil up

Collinson FX Market Commentary: July 4, 2013 - Egypt pushes Oil up    
Fri, 5 Jul 2013


Collinson FX market Commentary: July 4, 2013

Click here to find out how to get CollinsonFX's free iPhone app

Business as usual in the Middle East as the Egyptian Military, for some reason, did not like their elected Muslim brotherhood President!?

Egypt has been a moderate voice in a world of extremists so attention must be paid to political upheaval. Oil up! This does have implications on global economies as uncertainty breeds volatility and more importantly, higher Oil prices. In Europe, the departure of a coalition partner to the ruling Portugese governing body has been unsettling and sends murmurs through the single market. Uncertain times have not effected the US markets as investors look to safety with equities and commodities rising.

The EUR has regained 1.3000 and the GBP 1.5275, with Services PMI data flat in the EU and further gains from the Manufacturing improvements from the UK. The ADP Private Sector Jobs reported an improvement of 188,000, which points to a stronger than expected Non-Farm Payrolls Friday.The good news was eaten up by the bulls who have resumed control of equity markets, but this will also reinforce Bernankes QE tapering which may impact negatively.

The AUD continues to test lower limits, trading around 0.9050, with capital divestment prominant and reflected in the declining local bourse. Political turmoil has continued with Rudd resuming the captaincy with similar success to the cricket team!

The KIWI has also been tarnished and trades around 0.7750, but may well test the downside big figure. Political instability and uncertain economic conditions do not bode well for global markets but attention will continue to focus on Central Bank activity.

Collinson FX market Commentary: July 3, 2013

Equity markets were travelling well through Asian and European markets, although chatter surrounding Portugal and rumours regarding Greece, swept across markets to dampen enthusiasm. Equities in the US plunged into the red, after Fed member Dudley appeared to confirm tapering, albeit with a different data matrix. This also gave new legs to the Dollar, with the EUR down below 1.3000 and the GBP 1.5150. Energy prices were on the rise, but from Middle East upheaval, rather than demand.

Commodities retraced and bonds settled with US Factory Orders steady but economic optimism falling. Central Bank influence continues to remain primary and overrules data. The all important job numbers are expected to deliver 165,000 new jobs by Friday but this may be interpreted as a green light for QE tapering, thus cause an equity slump. Hard to pick with the markets so corrupted by Central banks!

The RBA left rates unchanged due to the recent 12 cent fall in the AUD, which has reset the economy, achieving what the RBA has been attempting to do with recent cuts. The AUD was lower as the dovish bias continues and this was exaggerated by the rise in the USD.

The AUD traded just over 0.9100 and the KIWI dropped back towards 0.7700 looking vulnerable on taper talk. Central Banks continue to dominate market direction and this will continue with the ECB and B of E announcing Thursday but Jobs will have impact one way or the other!



Collinson FX market Commentary: July 2, 2013

US equity markets continued to rally after positive economic data embraced the economy. The important ISM Manufacturing report broached the significant 50 level, rising from 49 to 50.9, and Construction spending also rose, boding well for the US economy. Bond yields settled as economic data had a positive impact with the Fed taking a back seat. Earlier mixed news from Asia, with the Chinese Manufacturing PMI drifting lower, although the important Japanese Tankan report revealed big improvements in large Manufacturing. European PMI was mixed with rises in Italy and France but a fall in Germany. Unemployment pinched higher from 12.0% to 12.1%.

The Dollar was steady against the single currency holding above 1.3050 and the GBP 1.5215. US markets are interpreting positive news coherently so far this week but will follow the Employment reports closely. Commodities rose and this was reflected in the associated currencies with the AUD rebounding to 0.9225 and the KIWI just under 0.7800.

The RBA rate decision will be focal, with a slant towards loosening in the language, but expectations for actual rate cuts are low. Language from the ECB and B of E will be crucial later in the week and any observations by Fed members will be important.

Employment data in the States will be critical to market moves for the remainder of a shortened, holiday week in the US.

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.

by Collinson FX



Our advertisers are committed to our sport, please support them! (Graphics)
Contact us , ph: +61 2 8006 1873, , fax: +61 2 8076 0459 or complete our feedback form. View our Privacy Policy. Photographs are copyright by law, if you wish to use a photograph from www.sail-world.com, please Contact us. [Go Home(Graphics)]
Make sail-world.com Australia my default page.    Make sail-world.com Cruising International my default page.  Make sail-world.com Cruising Australia my default page.  Make sail-world.com Asia my default page.   Make sail-world.com New Zealand my default page.   Make sail-world.com UK my default page.   Make sail-world.com USA my default page.  


Visit another region : Sail-World Australia    Sail-World Cruising International   Sail-World Cruising Australia   Sail-World Asia   Sail-World New Zealand   Sail-World UK   Sail-World USA  

Onesails.com - Workforce
OneSails is the culmination of over 35 years of experience accumulated by our team in design and technology applied to sail-making.
[More info]
http://www.onesails.com

GME Standard Communications Pty Ltd
Leaders in communications and navigation. Their goal has always been to make products whose innovation, convenience and peace of mind can help improve the lives of their customers.
[More info]
http://www.gme.net.au

VicSail Sydney
Vicsail Sydney Pty Ltd, launched into the Australian sailing fraternity in 1983 and has been sailing strong ever since. At Vicsail, “We Sail the Boats We Sell”.
[More info]
http://www.vicsailsydney.com.au