sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : Collinson FX Market Commentary: December 19, 2013 - Confidence builds
Collinson FX Market Commentary: December 19, 2013 - Confidence builds


'Auckland 18ft Skiff Championships - December 15, 2013'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: December 19, 2013

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

Markets eagerly await the FOMC meeting with many tipping the commencement of tapering....As a result the Fed has tapered their purchases by 10 bio per month effect immediately. Bernanke is set to leave as Chairman to be replaced by Janet Yellen at the end of January. The likelihood of the leopard changing its spots is low and Yellen is more of a dove than he. The triggers to remove QE have been set and neither has been achieved but economic data is moving in the right direction.

The targets were Unemployment below 6.5% (currently 7%) and Inflation over 2.5% (currently under 2%). Housing Starts surged 22.7% in the USA, smashing expectations and fulfilling the improvement trends, although Building Permits and Mortgage Applications fell. Tapering will bring a resurgent Dollar and thus force pressure on global currencies.

The EUR holds relatively high levels at 1.3750 and the GBP 1.6400 but remain vulnerable to tapering. Commodity currencies also relect the pressures from the reserve currency with the AUD slipping below 0.8900 and the KIWI 0.8225. NZ Business Confidence continues to build reflecting the slow recovery in the domestic economy and local markets await GDP data releases today!

Auckland 18ft Skiff Championships - December 15, 2013 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: December 18, 2013

The two day meeting of the Federal Reserve began overnight with the results announced tonight. Expectations are high that the tapering process may be about to commence and monetary expansionism is about to be curtailed.

The economy appears to be on the mend, offering little in the way of excuses, from the Fed. Bernanke is on his way out and his replacement is expected to be more of a dove. The pressure is on but the resilience and commitment of the Central bank will probably result in inaction. The currencies hover with the EUR 1.3750 and the GBP 1.6275. The Fed controls the markets and little movement presumes a failure to act. All will be revealed tonight and despite growing confidence tapering will have an impact. Commodities remained well bid with the KIWI holding 0.8240.

The AUD is under extreme pressure from the RBA, who declined to cut rates, but relied upon debasement as a strategy to advantage any growth in the reserve currency. The AUD continued recent declines testing 0.8900 overnight. All depends on the FOMC results overnight!?

December 15 2013 18fter Auckland Championships -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: December 17, 2013

Equity markets rebounded strongly, after two consecutive weeks of losses, ahead of the two day FOMC meeting. The series of positive economic data releases lately have confirmed the recovery in the US and threatened the QE Infinity program. The Fed are suspected of beginning the tapering process and this has triggered the last couple of weeks of downside on equity markets, globally.

The Dollar, has regained long forgotten lustre, pushing commodities lower and the associated currencies. The AUD, has come under spectacular pressure, crashing to 0.8950 cheered on by the RBA. 'Jawboning' (and perhaps monetary intervention??) by the Central banks have assisted in the sentiment sparked by the recovery in the USD. The RBA Minutes will be released giving insight into the logic and language of the Bankers. The recent gains by the GBP have been reversed, slipping to 1.6300, with the EUR hitting the 1.3750 wall.

NZ Consumer Confidence continues to gain ground and has been reflected in the relative strength of the currency in the down markets. The KIWI holds 0.8230 and has broken above 0.9200 against the AUD. The once all-important Tankan report was released with some strong gains in the Japanese economy, although the Chinese Flash Manufacturing PMI declined, neutering any substantial momentum from Asia.

All eyes remain on the Fed and the growing belief the tapering may begin with many arguing the growing strength of the economy will counter the effect on markets.

Headlines

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

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=117733

10:29 PM Wed 18 Dec 2013GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
2011 Collinson & Co

Related News Stories:

21 Dec 2013  Collinson FX Market Commentary: December 20, 2013 - AUD crashes
18 Dec 2013  Collinson FX Market Commentary: December 18, 2013 - AUD eases into NZD
17 Dec 2013  Collinson FX Market Commentary: December 17, 2013 - NZ Confidence high
13 Dec 2013  Collinson FX Market Commentary: December 13, 2013 - NZ jawboning works
12 Dec 2013  Collinson FX Market Commentary: December 12, 2013 - An excuse gone
11 Dec 2013  Collinson FX Market Commentary: December 11, 2013 - Tapering times
28 Nov 2013  Collinson FX Market Commentary: November 28, 2013 - Thanksgiving slows
27 Nov 2013  Collinson FX Market Commentary: November 26, 2013 - Equities climbing
24 Nov 2013  Collinson FX Market Commentary: November 23, 2013 - Equities rise more
22 Nov 2013  Collinson FX Market Commentary: November 21, 2013 - Eurozone in denial
MORE STORIES ...




News - USA and the World





























Team GBR’s Sparky on the Road to Rio (Part Two) *Feature by Rob Kothe and the Sail-World Team,


















Team GBR on the Road to Rio (Part One) by Rob Kothe and the Sail-World team,




















Sailing World Cup Hyeres- Top sailors to face off as Gold Fleet Racing
Anti-boating legislation debated in Florida House
ISAF Sailing World Cup Hyeres - Day 2 Laser images by Franck Socha
ISAF Sailing World Cup Hyeres - Day 2 Nacra 17 images by Franck Socha
ISAF Sailing World Cup Hyeres - Mitakis lead reduced on day 2
Will late spring thaw spell trouble for boaters?
Byte CII Worlds and YOG Continental Qualifier at Riva del Garda
ISAF Sailing World Cup Hyères - Battle continues for U.S. sailors
ISAF Sailing World Cup Hyeres - Qualification stage comes to a close
ISAF Sailing World Cup Hyeres - Day 2 images by Franck Socha
ISAF SWC Hyeres - Nacra Silver medal debutantes continue to improve
Antigua Classic Yacht Regatta - Cheers on the dock
Spindrift 2 criss-crosses the Bay of Biscay
45th anniversary of Sir Robin Knox-Johnston's record circumnavigation
ISAF Sailing World Cup Hyeres - Sailors tweet about opening day
49er Blog: Glorious racing to kick start Hyeres World Cup
Clipper Round the World Yacht Race - Continuous close racing
ISAF Sailing World Cup Hyères - Fluttering flags whet sailors appetite
Antigua Classic Yacht Regatta - Race 4 images by Jude Robertson
ISAF Sailing World Cup Hyeres - US Sailing Team Sperry Top-Sider Day 1
ISAF Sailing World Cup Hyeres - Day 1 Nacra 17 images by Thom Touw   
ISAF Sailing World Cup Hyeres - Day 1 Laser images by Thom Touw   
ISAF Sailing World Cup Hyeres: Ioannis Mitakis leads Finns after day 1   
RC44 Cascais Cup - Fresh faces join the line-up   
ISAF Sailing World Cup Hyeres - Excellent racing on opening day   
ISAF Sailing World Cup Hyeres - Images by Yvan Zedda and Franck Socha   
ISAF Sailing World Cup Hyeres - Day 1 images by Franck Socha   
Hyeres World Cup: Kiwis lead but Outteridge Jensen back in 49er fray   
Belcher and Ryan lead from the start in Hyeres   
ISAF Sailing World Cup Hyères - Race day 1 ready for lift off   
Clipper Round the World Race 11 - Tense match downwind racing on Day 2   
Antigua Classic Yacht Regatta - Day 3 an absolute gem   
Quantum Key West 2015 dates confirmed   
Flying Tigers 'Psych' - on Lake Lanier they pronounce it Zhik   
ISAF Sailing World Cup Hyeres: Anticipation intensifies as start nears   
Clipper Round the World Race - Race 11 start images by Chuck Lantz   
27th Antigua Classic Yacht Regatta 2014 - Big breeze on the butterfly   
Rolex China Sea Race 2014 - Pryde and Joy for Hi Fi   
Clipper Round The World Race - A flying start on Day 1 of Race 11   
Cammas on Caudrelier – different styles, same objective   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News





Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia 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.
X6XL NEW US