sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: March 14, 2014: Chinese slide jolts US
Collinson FX Market Commentary: March 14, 2014: Chinese slide jolts US

'Int. A-Class Catamaran World Championship, Day 5, Takapuna NZ'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: March 14, 2014

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

US Equity markets crashed, following recent falls due to the Geo-Political situation in Europe, and flagging Chinese economy. Chinese data released showed a slippage in Retail Sales and Industrial Production. This has added to the impact on the fall in demand for commodities. Confidence has undermined confidence but had little impact on the resurgent associated currencies.

The KIWI jumped earlier, when the RBNZ raised interest rates, surging towards 0.8550. Wheeler must see some strong inflationary pressures building in the 'rock star economy', to act so early, when major western economies continue a very loose monetary policy. Australian Employment data, revealed a big jump in full-time job growth, thus boosting recent gains in the domestic economy.

The AUD reacted accordingly, breaking back above the important 0.9000 level. The Ukraine crises continues to develop with a referendum for independence in the Crimea. This could provide a turning point in the conflict with expectations high in the Crimea, that they will leave the Ukraine, thus a turning point in the conflict.

This has provided uncertainty inmarkets with equities crashing and currencies volitile. The EUR slipped back to 1.3850 and the GBP 1.6620. This upheaval is likely to continue over the next few days as a resolution is highly improbable.

Int. A-Class Catamaran World Championship, Day 5, Takapuna NZ -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: March 13, 2014
Geo-politics continued to dominate markets with commodites under the spotlight. There was little in the way of economic news so Ukrainian developments took precedent. The EUR continued to trade strongly, at 1.3900, although the GBP slipped to 1.6615 reflecting the enthusiasm of the psuedo-Tory Government.

The commodity currencies were under pressure as demand wained. The AUD consolidated under the significant 0.9000 mark and the KIWI traded 0.8450. All eyes remain on developments in the Ukraine with the all important vote in the Crimea. The West desperately fight for Russian retraction and hope that Putin will consider their lame arguments and hollow threats.

The Russian President holds all the cards and has the determination to fulfill their expansionist policy. Expectations remain high and the developments will drive market directions. The RBNZ raised the OCR by .25% to 2.75%. This saw the KWI edge higher towards the .8500 level. RBNZ said a high dollar is not sustainable in the long run, but also said FX intervention is very unlikely.

Int. A-Class Catamaran World Championship, Day 5, Takapuna NZ -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: March 12, 2014
Uncertainty remains the central theme globally, with the West trying to come to grips with the stable door, which has been shut for a while and the horse has not only bolted but is in the glue factory! There has been little news on the economic front and Geo-Political issues continue to dominate.

Equity markets are in record breaking territory and the Fed continues to re-evaluate the stated Monetary Policy. The recent economic slowdown has been attributed to the unusually bad winter weather, thus giving an excuse to the Fed, to stall tapering. Yellen will err to the dovish side of policy just as a cat falls on it's feet.

This may re-invigorate the equity rally despite the Geo-Political situation evolving.

Commodities continue to suffer as Chinese demand slips. The AUD broke below 0.9000 and the KIWI held 0.8450, with an early election called, banking on the 'rock-star economy' preserving the status quo. European market continue suffer the uncertainty generated from the Ukraine and a solution is not in the wind. The EUR trades 1.3850 and the GBP 1.6625.

Int. A-Class Catamaran World Championship, Day 5, Takapuna NZ -  © Richard Gladwell   Click Here to view large photo

Economic data was thrown into the mix of uncertainty to begin the week. Chinese Exports fell 18.1% from a year ago, which shocked many, as most expected growth and thus demand to continue to strengthen. China and Asia continue to be a major driver of demand and the fall in Chinese demand hit commodity prices hard.

This in turn impacting a soaring AUD. After testing 0.9100 during the local days trade, the commodity driven currency, plunged back towards 0.9000. The KIWI did not have such a roller-coaster ride but did rise then settle back to 0.8450.

Uncertainty undermines markets and the Ukrainian crises has interrupted the bull market in equities. Russia will book the gains in the Crimea and now use a position of strength to influence Kiev, in terms of future political/economic direction, away from the EC. The West is considered an interloper in Russia's sphere of influence and is widely blamed for the current situation in the East.

The Malaysian Airline disappearance has also added to the jitters globally with terrorism suspected.

The EUR retreated back to 1.3870, but remains near highs, although the GBP retreated back to 1.6635. Look for more uncertainty in markets with global geo-political developments unfolding.

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=120115

3:40 PM Fri 14 Mar 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:

16 Mar 2014  Collinson FX Market Commentary: March 15, 2014: More Equity slide
14 Mar 2014  Collinson FX Market Commentary: March 13, 2014 - OCR upped by RBNZ
12 Mar 2014  Collinson FX Market Commentary: March 12, 2014 - AUD and KIWI closer
12 Mar 2014  Collinson FX Market Commentary: March 11, 2014 - Chinese exports drop
10 Mar 2014  Collinson FX Market Commentary: March 7, 2014 - KIWI attractive
06 Mar 2014  Collinson FX Market Commentary: March 6, 2014 - good news from Oz
05 Mar 2014  Collinson FX Market Commentary: March 5, 2014 - Markets relieved
04 Mar 2014  Collinson FX Market Commentary: March 4, 2014 - Russian move hits AUD
02 Mar 2014  Collinson FX Market Commentary: March 1, 2014 - NZ keeps flourishing
28 Feb 2014  Collinson FX Market Commentary: February 28, 2014 - KIWI books gains
MORE STORIES ...




News - USA and the World



















Anna Tunnicliffe set to compete at the CrossFit Games by Anna Tunnicliffe, Pittsburgh, PA
























Final day shakes up standings at Cape Panwa Hotel Phuket Raceweek by Cape Panwa Hotel Phuket Race Week 2014,














2014 Governor's Cup - Two former winners in the finals by Nancy Mellon, Corona del Mar, CA


America's Cup: Iain Murray explains reasons for Australian withdrawal *Feature by Richard Gladwell/Sail-World.com/nz, Auckland, New Zealand








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
J/70 North American titles - Brian Keane moves to top of leaderboard
2016-2017 America's Cup - Team Australia withdraws
VX One North American Championship - Chris Alexander takes charge
America's Cup: Team NZ disappointed, but on track after Australians go
America's Cup: Hamilton Island decides not to proceed with Challenge.
America's Cup: Challenger of Record withdraws from Regatta
WWA Wakeboard National Championships head to Waco   
Farr 40 West Coast Championship - Day 2   
RP52 Scarlet Runner sails in San Francisco   
2014 Governor's Cup - Nevin Snow and team on form   
ISAF Youth Worlds - Americans claim silver medals in Tavira   
2014 Cape Panwa Hotel Phuket Raceweek - Day 1   
Melges 32 European Championship - Day 2 images by Carlo Borlenghi   
Windsurfing and Kiteboarding World Cup to take place on Fuerteventura   
ISAF Youth Worlds - Medals decided in thrilling Tavira conclusion   
7th Annual Swim for Cystic Fibrosis to take place July 21st   
Melges 32 European Championship - Day 2 images by Max Ranchi   
Cape Panwa Hotel Phuket Raceweek, Day 2 - It just keeps getting better   
ISAF Youth Sailing World Championship final day preview   
AWT Pacasmayo Classic 2014 - Catching up with Levi Siver   
Top Kiwi Laser sailor just avoids being on downed airliner   
Volvo Ocean Race 2014-15 - Trans-Atlantic: Team Alvimedica - 500 Miles   
Pacific Cup 2014 – Photos of ‘Invisible Hand’   
International 14 World Championships - No excuse for not being there   
VX One North American Champ - Four races on opening day lead to tie   
J/70 North American Championship opens with Healy-Keane tight battle   


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