sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: June 20, 2014 - NZ GDP improves
Collinson FX Market Commentary: June 20, 2014 - NZ GDP improves

'Wired - Start ANZ Fiji Race, June 7, 2014'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: June 20, 2014

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

US stocks were mixed again today, hovering just below record levels, supported by the Fed's extension of low interest rates. Yellen confirmed the recovery was underway and reduced the QE by a further $10 Billion.

They are still injecting a further $35 Billion and interest rates remain close to zero. The only way this dovish Chair will raise rates is when she is forced to by the pressures of inflation. The Dollar remains seriously under pressure with the GBP rising to 1.7040 and even the wounded EUR moving to 1.3600.

The Iraqi situation continues to spiral out of control and Obama has sent 300 military advisers presumably to set the stage for air strikes to commence. Geo-Political pressures rise and bubbles stretch so look for some cracks to form. Commodities have remained firm as the reserve is hit hard.

The AUD trades around 0.9400 and the KIWI holds above 0.8700 with NZ GDP continuing to improve, encouraging the RBNZ, in their tightening monetary policy.

Beau Geste powers away - Start ANZ Fiji Race, June 7, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: June 19, 2014

Yellen continued to reduce QE infinity,by a further $10 Billion,confirming an economic recovery and ignoring the growing threat of inflation. The green light was advanced by the equity markets which took the opportunity to surge towards new record highs.

The Dollar took the punch to the guts, with the expansionary monetary policies, reflected in the GBP breaking 1.6700 and even the mullet EUR moving up to 1.3590. Weekly Mortgage Applications fell 9.2%, confirming the slump in the supposed housing recovery, while the Current account deteriorates.

Perhaps the Feds bullish outlook on the US economy comes from importing bulk rose coloured glasses from China? Equities flourish and the Dollar fades, boosting commodity prices, by weakening the reserve measure.

This assisted the associated currencies, with the AUD back to 0.9400, while the KIWI breaks back above 0.8700. Destruction of the Dollar and the defective EURO are the consequences of failing monetary and fiscal policies and will ultimately burst the equity bubble.

Wired and Vamos start the way they will finish as the leave the Waitemata harbour - 2014 ANZ Fiji race. -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: June 18, 2014

The FOMC meeting began today and promised the status quo. Yellen is a renown dove and will continue the expansionist monetary policy but her worst nightmare is inflation! The US CPI moved north to 0.3%, which is not a lot, but marginally this can be quite unsettling.

The problem with the CPI, is that it fails to measure the real drivers of cost-of-living, thus sending shivers through the Fed.

The EUR remains under extreme pressure, trading 1.3540, while the GBP retraced from 1.7000. European economic sentiment advanced, with the all-important ZEW Sentiment Index, leading the new EU ZEW report.

The AUD has lost ground and looks vulnerable, around the 0.9340 mark, while the KIWI has settled around 0.8650. The carry trade has the potential to overwhelm the fears over economic contraction in the NZ economy.

Crusader - Start ANZ Fiji Race, June 7, 2014 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: June 17, 2014

Equity markets opened the week mixed, after retreating from all-time record highs in previous trading, due to Geo-political threats from Iraq and the Ukraine and a tepid global economic growth. The upheaval in the Middle East and Europe could drive market volatility, with the VIX on the rise, depending on developments. In the US, Industrial Production rose 0.6% and the Empire State Manufacturing survey beat expectations, slightly. This balanced the negativity driving Oil higher from the Middle East drama.

The EUR remains weak, trading 1.3550, while the GBP looks to test the big, big figure of 1.7000. European inflation is non-existent and in fact deflation is now the problem the ECB is wrestling with. The KIWI's meteoric rise, due entirely to the RBNZ, and the corresponding rise in interest rates is having an impact. Consumer Confidence slipped and House Prices contracted 1.2% for the month and 14.8% for the year.

The economy is now starting to show the effects of RBNZ aggressive policies contradicting trading partners monetary policy. The AUD continues to trade steadily around 0.9400 and look forward to Central Bank activity in the US and locally.

The RBA is set to release minutes which will be an insight to the state of the domestic economy. Central Banks and Geo-Political events will continue to drive the markets.

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=123531

12:24 PM Fri 20 Jun 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:

20 Jun 2014  Collinson FX Market Commentary: June 19, 2014 - KIWI Up AUD Down
19 Jun 2014  Collinson FX Market Commentary: June 18, 2014 - AUD loses ground
17 Jun 2014  Collinson FX Market Commentary: June 17, 2014 - KIWI's meteoric rise
14 Jun 2014  Collinson FX Market Commentary: June 14, 2014 - RBNZ pumps KIWI up
13 Jun 2014  Collinson FX Market Commentary: June 13, 2014 - Sentiments change
12 Jun 2014  Collinson FX Market Commentary: June 12, 2014 - Alice in Wonderland
11 Jun 2014  Collinson FX Market Commentary: June 11, 2014 - Swinging markets
07 Jun 2014  Collinson FX Market Commentary: June 7, 2014 - The alternate Universe
07 Jun 2014  Collinson FX Market Commentary: June 6, 2014 - Negative deposit rates
05 Jun 2014  Collinson FX Market Commentary: June 5, 2014 - KIWI weak and stalled
MORE STORIES ...




News - USA and the World























International Moth Worlds: Rashley ahead as Aussies close in by Mark Jardine / YachtsandYachting.com,




















International Moth Worlds - Mothballed on day 4 + Video by Mark Jardine / YachtsandYachting.com,




Gladwell's Line: A change of direction needed in the America's Cup *Feature by Richard Gladwell/Sail-World.com/nz,




















PWA Pozo World Cup - Fantastic finale determines winners
Six Metre Class British Open Championship - Llanoria and Valhalla win
Anna Tunnicliffe set to compete at the CrossFit Games
America's Cup: Oracle Team USA holds foiling camp at Wangi SC
Volvo Ocean Race: Abu Dhabi OR completes double Atlantic crossing
Volvo Ocean Race: Team SCA has a 'pull through day' off the Canaries
No tiller sailing - how to steer using just the sails + Video
International Moth Worlds: Three bullets in a row for Greenhalgh
U.S. Junior Women’s Singlehanded Championship - Sophia Reineke wins
BIC Techno 293 Worlds 2014 - Day 0 Opening
Fuerteventura World Cup - Slalom action highlights day 2
2014 Governor's Cup - Sam Gilmour of RFBYC victorious again
Farr 40 West Coast Champ - Skipper Alberto Rossi leads Enfant Terrible
Flying Dutchman World Championships - Magyars are the Masters
Final day shakes up standings at Cape Panwa Hotel Phuket Raceweek
2014 -15 Volvo Ocean Race: Team Alvimedica pushing towards Southampton
NYYC Race Week - Saving the best for last
VX One North American Championship - Chris Alexander commands
2014 Cape Panwa Hotel Phuket Raceweek - Waiting game on Day 3
International Moth Worlds: Thunderstorms delay racing on Day 1
Fuerteventura World Cup - Impressive tricks on day 1   
2014 Governor's Cup - Two former winners in the finals   
America's Cup: Iain Murray explains reasons for Australian withdrawal *Feature   
Wilson and Roble remain number one match racers in U.S.   
2014 ISAF Youth Match Racing World Championship - Set to start   
PWA Pozo World Cup - Moreno twins dominate home spot   
ISAF Youth Worlds - Record breaking regatta in Tavira + Video   
Melges 32 European Championship - Robertissima remains out front   
Farr 40 West Coast Championship - Italians take one-point lead   
Melges 32 European Championship - Day 3 images by Carlo Borlenghi   
New York Yacht Club Race Week - Marstrom 32 fleet off to anxious start   
Melges 32 European Championship - Day 3 images by Max Ranchi   
CYC Race to Mackinac - Cruising fleet sets sail in 106th edition   
Team Alvimedica getting a touchup   
PWA Pozo World Cup - Plenty of drama on day 5   
ISAF Youth Sailing World Championship - Day 5 Videos   
NYYC Race Week - High performance classes put on shoreside show   
2014 Pacific Cup - 'Invisible Hand' the first boat to finish   
Clipper Round the World Yacht Race - B.C.'s Eric Holden skippers wins   
America's Cup: Updates on Team Australia withdraw   


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 WAS US
LocalAds   DE  ES  FR  IT