sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: January 9, 2014 - News gets better
Collinson FX Market Commentary: January 9, 2014 - News gets better


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

Collinson FX market Commentary: January 9, 2014, 2013

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

US markets conceded part of yesterdays gains, on equity markets, after the Fed minutes confirmed tapering in the QE infinity process. Economic news continues to improve with German Retail Sales and the Current Account moving into positive territory.

Employment continues to add gains while the engine-room of Europe beats strongly. German Factory Orders were up 6.8%, confirming the improvement in trade data. The US has also shown encouraging signs, with the ADP Jobs Report, adding 238,000 jobs in the private sector. The Dollar held ground, with the EUR 1.3550 and the GBP 1.6450 awaiting economic direction.

Recent strength should be reinforced this coming year assuming the Fed continues to taper. Doubts must surround this proposition with the appointment of Yellen.

The AUD and KIWI remain vulnerable, trading just under 0.8900 and 0.8240, respectively. Look for economic data in the US and the commencement of the earnings season with Alcoa reporting tonight.

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

Collinson FX market Commentary: January 8, 2014, 2013

Equity markets resumed their rally overnight, encouraged by economic data, and the confirmation of the new Fed Chairman, Yellen. She was confirmed by the Senate and this inspired markets to action, as the perception is that she is a Dove and will thus, extend Monetary Stimulus.

The Dollar should be on the rise if tapering were to end QE Infinity, but still doubts linger, with the EUR 1.3615 and the GBP 1.6410. The US Trade Balance contracted, as Oil imports dipped, with domestic production on the rise. Earnings begin Thursday, with Alcoa, and markets will react to the Fed minutes release tonight and the ADP Jobs report.

Huge economic data releases this week will influence markets but Central Bank actions and commentary will drive direction. Commodity currencies will remain vulnerable to USD recovery, with the AUD trading around 0.8900, and the KIWI below 0.8300.

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

Collinson FX market Commentary: January 7, 2014
Bernanke is on his bike and he is to be replaced by his vice-President, Yellen. Yellen is a dove and advocate of expansive monetary policy, which has dominated the socialist lead Obama regime. The complete fiscal ineptitude has virtually forced the expansive monetary policy.

By running deficits, the left consider, printing more money essential. The sheer ignorance of the socialist ideology astounds, as the belief that there will be no repercussions of printing more money, beggars belief. Political leaders have iterated the theory, that running deficits can be accommodated by expanding the money supply,must be considered verging on insane. The Feds balance sheet is now triple what it was pre-GFC! The goal is growth and ignore the long term consequences. Europe has adopted the same theories, extolled, by the very person assuming the role of Federal Reserve Chairman.

Tapering is a step in the right direction, but it is just a reduction in the expansion of the money supply! The obvious impact of printing money is the reduction in purchasing power and wealth. This is what the populus has been suffering, with real income falling aver the last six years, across the Western World. The Fed has undermined the Dollar, which has fallen to 1.3650 against the EURO and 1.6400 v the GBP.

A reduction in the expansionist policy should have a positive effect on the value of the USD over the next year and ultimately impact the commodity associated currencies. The AUD has fallen from heady highs, to trade just below 0.9000, but should experience further downside tests.

The KIWI has been resilient as the economy slowly recovers under the stewardship of a conservative Government. This could all be unravelled with election later in the year. Nine years of left-wing socialism, rainbow politics and associated economic policies, all but destroyed the economy and much work remains. The KIWI has began the year strongly, trading just under 0.8300, but will be under pressure from a recovering reserve currency.

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=118268

1:51 PM Thu 9 Jan 2014GMT


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:

08 Jan 2014  Collinson FX Market Commentary: January 8, 2014 - Equity Markets rally
08 Jan 2014  Collinson FX Market Commentary: January 7, 2014 - Kiwi starts strong
21 Dec 2013  Collinson FX Market Commentary: December 20, 2013 - AUD crashes
19 Dec 2013  Collinson FX Market Commentary: December 19, 2013 - Confidence builds
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
MORE STORIES ...




News - USA and the World























America's Cup: Challenger calls Competitor Meeting ahead of deadline *Feature by Richard Gladwell Sail-World.com/nz,












































Clipper Round the World - London to provide emotional heroes welcome
ISAF Youth Worlds - Italians to lead RS:X fleet in Tavira
Vestas Sailrocket 3 - Over the Horizon
Foiling Week - Italian Moth Championship - Final results
NYYC Race Week - Yachting history on display
Rescued sailors reach shore after dramatic ocean rescue
Half Ton Classics Cup: Swuzzlebubble out front on Day 1 + Video
New York Yacht Club Race Week - Yachting history on display
Volvo Cork Week - Thrilling conditions welcome international fleet
Nacra 17 Europeans: Success for Italy's Bissaro and Sicouri
America's Cup: 2017 venue short-list reduced to two Cities
Formula Windsurfing Youth and Master Worlds overall
49er and 49erFX Europeans: Pitfalls aplenty on day 1 + Video
ISAF Youth Worlds - Laser Radial sailors look to join list of legends
Coville soon to chase solo circumnavigation record in giant trimaran
Fierce competition at the Meanline Fins Slalom Challenge
Volvo Ocean Race - Team Brunel opt for experienced winner
Bakewell-White supermaxi designed to take Transpac's Barn Door Trophy *Feature
Crew rescued by navy patrol from J/111 racer after Mayday in storm
Team Alvimedica practice in Newport, RI - Photos
18 foot skiff European Championship (Open Europeans) - Final results   
Nacra 17 European Championships - No action on day 1   
ISAF Youth Worlds - 29er and SL16 sailors prepare for battle + Video   
Volvo Ocean Race: Eight new crew members named by teams   
Volvo Ocean Race: New additions to Spanish team announced   
2014 Cape Panwa Hotel Phuket Raceweek - Phuket Island is ready to host   
PWA Awaza World Cup - Cyril Moussilmani and Delphine Cousin on top   
Foiling Week - Moth Class Italian Open Championship Day 2   
America's Cup: Luna Rossa foiling in AC45s at their Italian base   
Star World Championship - Germans claim dramatic win in Malcesine   
PWA Awaza World Cup - Down to the wire in Turkmenistan   
Route Halifax Saint-Pierre - Off to France!   
Nacra 17 Europeans - La Grande Motte back in Olympic classes arena   
Stena Match Cup Sweden - Hansen hat trick in Marstrand + Video   
Route Halifax Saint-Pierre Race keeps an eye on Arthur   
World Match Racing Tour: See the Finals replay at the Stena Match Cup   
Newport International Boat Show unveils exciting 'At The Helm' Program   
Stena Match Cup Sweden - First blood to Hansen over Canfield + Video   
Star World Championship - Americans claim race win in Malcesine   
PWA Awaza World Cup - Weather halts action on day 4   


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.
XLXL NEW US
LocalAds   DE  ES  FR  IT