sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: July 31, 2013 - Aussie takes a bath
Collinson FX Market Commentary: July 31, 2013 - Aussie takes a bath


'Sam Barnett and Zak Merton - 2013 420 Nationals, Takapuna'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: July 31, 2013

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

Markets were treading water in anticipation of the FOMC meeting scheduled for a decision tomorrow. This should be a big day, with the all-important Fed meeting and crucial GDP data and the ADP Jobs Report. These three events, individually have the ability to move the market, so any uniformity of results could result in a big move.

The Fed is expected to begin to taper QE infinity by September so confirmation of this may have already been built in. Flagging GDP and falling Job prospects could signal a reversal of this tapering prospect but weakness and committment to easing would bring negative impact to equities, commodities and currencies (except for the USD)! The USD was creeping north in the lead up to the eagerly awaited announcement with the EUR 1.3250 and the GBP 1.5240.

The AUD took a bath yesterday, falling from 0.9200 to 0.9160 after Building Permits collapsed by 6.2% for the month and 13% annually! The economic news and the plunge in mining investment sparked dovish comments from the RBA Governor Stevens. The flagging economy may attract a rate cut at the next Central Bank meeting which undermined the Ozzie!

The KIWI lost some shine, after being tarred by the same brush, dropping below 0.8000 but blowing through 0.8800 in the cross v it's troubled trans-Tasman cousin.

All eyes on the Fed and GDP with ECB and BofE still to come this week! Non-Farm Payroll will ice the cake Friday!

- 2013 420 Nationals, Takapuna -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: July 30, 2013

Markets opened the new week with a hang-over from recent equity gains. US Markets were disappointed when the Pending Homes Sales contracted by 0.4% sending mixed signals in an industry considered a leading indicator. This week is all about Central Banks with the FOMC meeting tomorrow and ECB and Bank of England later in the week.

The other major driver for markets will be the Employment reports culminating with Non-Farm Payrolls. Tapering is expected to start in September and there has been plenty of warning so whether this impacts, we will have to see.

The Dollar was steady with the EUR 1.3250 and the GBP 1.5350. Commodities were mixed and expectations of Dollar gains have pushed the AUD back below 0.9200 and the KIWI barely holding 0.8000.rrencies and commodities will be driven by Central Bank action, commentary and market perceptions. It will be a huge week and expectations are for volatility

Napier Sailing Club’s Olivia Mackay (17) and Abby Goodwin (15) are the first females to win the 420 National Championships - 2013 420 Nationals, Takapuna  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: July 29, 2013

Markets remained flat with debate raging over whether the Fed will commence tapering of QE Infinity. Consumer Confidence surged to 85.1 from 83.9, reflecting a growing confidence in the banal economic recovery which could signal the 'beginning of the end' of Monetary Expansionism.

The week ahead holds prospects of huge moves in Currencies and Equities with Central Banks from the US and Europe taking center stage. The direction of Monetary policy is the major driver of market direction. If the Fed indicates a propensity to instigate a taming of QE then we may see the start of a long term rise in the US Dollar. It would probably impact equities negatively with the reduction in the avalanche of money.

The EUR has reached 1.3275 and the GBP 1.5390 with the diluted Dollar but this may change. Growth numbers and Jobs Reports in the US will also impact market direction.

The KIWI continues to surge, looking to test the 0.8100 level, but will come under considerable pressure if the USD worm turns. The AUD has also benefited a resurgence after recent tests of the important 0.9000 levels. The AUD settled to close around 0.9250 and will look to the new week for short term directional drivers.

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=112647

10:14 PM Tue 30 Jul 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:

30 Jul 2013  Collinson FX Market Commentary: July 30, 2013 - US Dollar gains
29 Jul 2013  Collinson FX Market Commentary: July 29, 2013 - KIWI Surges
26 Jul 2013  Collinson FX Market Commentary: July 26, 2013 - Jawboning the rates
25 Jul 2013  Collinson FX Market Commentary: July 25, 2013 - KIWI gives up chase
24 Jul 2013  Collinson FX Market Commentary: July 24, 2013 - KIWI looking stromg
23 Jul 2013  Collinson FX Market Commentary: July 23, 2013 - Brit's distractions
20 Jul 2013  Collinson FX Market Commentary: July 20, 2013 - Flat Markets end week
18 Jul 2013  Collinson FX Market Commentary: July 18, 2013 - ANZAC gap closes
16 Jul 2013  Collinson FX Market Commentary: July 16, 2013 - Wall Street rallies
12 Jul 2013  Collinson FX Market Commentary: July 12, 2013 - A dose of reality
MORE STORIES ...




News - USA and the World















America's Cup: Alameda makes overtures on Venue hosting for San Fran *Feature by Richard Gladwell/Sail-World.com/nz,






































2014 Pacific Cup - Scarlet Runner wins by Vanessa Yates, Hawaii














Brewin Dolphin Commodores' Cup - The most comprehensive victory yet
Anna Tunnicliffe holds fourth at mid-point of Reebok CrossFit Games
2014 29er North American Open Championship - Australians win
INSA Sabot II Invitational Regatta - Erik Hou claims victory
CMRC Summer Invitational Series - Maxi Soh wins Doubleheader A event
International Moth World Championships - Nathan Outteridge wins
PWA Fuerteventura Grand Slam - First blood to Toselli and Angulo
Melges 24 Nationals - Record entries for 2014 and 2015 venue revealed
Women’s Match Race Golfe du Morbihan - Anna Kjellberg claims the lead
Jessica Uniack Memorial Beach to Bay Race at Long Beach YC
Laser Radial Men’s World Championship - Poland tops the leaderboard
America's Cup - Four teams confirm full support regardless of venue
Plastic Classic takes place at Mariposa Hunters Point YC
Six Metre European Championship - No champion declared for 2014
J/Teams sail tough Chicago Mackinac Race
Anna Tunnicliffe wins first event of Reebok Cross Fit Games + Video
2014 Pacific Cup - Skill and luck required for victory
Six Metre European Championship - Action resumes on day 4
BIC Techno 293 Worlds 2014 - Day 4
PWA Fuerteventura Grand Slam on the horizon
Rolex Big Boat Series - Golden Jubilee to take place this September   
DH Pacific Cup - Running with the pack + Video   
Women's Match Race Golfe du Morbihan - Testing day in Vannes   
Brewin Dolphin Commodores' Cup - Ireland establishes solid lead   
International Moth Worlds: Outteridge charges into the lead + Video   
Marina Rubicón Round Canary Islands Race - First blood to Team Brunel   
ISAF Youth Match Racing Worlds - Competition heats up on day 2   
Laser Radial World Championships - Competition aplenty on day 3 +Video   
Extreme Sailing Series - Penultimate Act to take place in Nice   
Leukemia Cup - Images by Leighton O'Connor   
Maxi Yacht Rolex Cup - Meeting of the grand designs   
29er North American Championship - Final series kicks off   
29er World Championship 2014 set to start in Kingston, Ontario   
Barcelona and Parnu chosen for 2015 ORC championship events   
2014 Race for Rady Yacht Race - Benefiting Rady Children’s hospital   
CMRC Summer Invitational Series - Doubleheader events start tomorrow   
BIC Techno 293 Worlds 2014 - Day 3   
Sailing through STEM Night at California YC   
Six Metre European Championship - High temps and little wind on day 3   
Women’s Match Race Golfe du Morbihan - Light wind opener in Vannes   


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