sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: July 25, 2013 - KIWI gives up chase
Collinson FX Market Commentary: July 25, 2013 - KIWI gives up chase


'J111 - Django - 2013 Auckland Cup, Day 3'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: July 25, 2013

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

Equity markets in Europe rallied overnight after some strong PMI data confirmed growth in both the Manufacturing and Services sector in the EU but this failed to contaminate the US market. US Equities corrected lower after a long string of recent rallies with further speculation surrounding the Fed's tapering program.

New Home Sales rocketed up 8.3% which boosted the the proviso of stronger economic data to enact a tapering of QE infinity. Commodities also drifted lower after China Flash PMI Manufacturing continued to contract falling back to 47.7. This impacted the AUD which declined after earlier domestic CPI showed inflation more than contained. Inflation needs growth and the economy is quickly deteriorating with political turmoil and failing Mining investment.

The effect has been pressure on the RBA to effect more rate cuts and downward pressure on the AUD. After testing the 0.9300 yesterday the AUD has been slammed back to 0.9150! The KIWI has also been impacted despite improving Trade Data (although this was due mainly to a fall in Imports, thus demand!) but not to the same extent as the cross tasman cousin.

The NZD gave up the important big, big figure of 0.8000 test and declined to 0.7930. Markets will continue to trade off economic data releases which will drive perception of Central Bank action. Keep an eye on the RBNZ who are expected to leave rates but may impact through Hawkish comments!

Elliott 5.9’s - 2013 Auckland Cup, Day 3  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: July 24, 2013

Equity markets hit new record highs in the US as the Feds QE Infinity continues to pump endless monetary stimulus, flooding Wall Street. There was little in the way of news releases with headline House Prices rising by 0.7% which was enough to boost equities to record highs and continue the strong demand for commodities.

The AUD has been a major beneficiary of recent gains reclaiming losses and testing 0.9300. The KIWI has also taken advantage, moving towards the psychological 0.8000 and looking strong with some important local trade data likely to give some lead on the external state of the trading nation.

In the US, the Richmond Fed Manufacturing Index declined, continuing the woes of this sector, but this was largely ignored in the equity rally.

Earnings have been mixed this season but all await Apple today, which has the ability to move the markets on its own!

Elliott 5.9 - 2013 Auckland Cup, Day 3  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: July 23, 2013

Gold rallied strongly with the market realisation that Bernanke had no short term ambitions to end QE infinity.

The Dollar ebbed in conjunction, pushing the EUR up to 1.3180 and the GBP surged to 1.5350 with the Brits ecstatic over the prospect of a new Royal, Cricket ,T de F and anything but the economy. In the US, summer markets continue to trade thinly and await some big news.

They were quiet to open the week with Existing Home Sales falling 1.2% which missed expectations and is the first data release around this leading index. The Chicago Fed's National Activity Index also contracted with little good news but the Fed holds the equity market steady.

Energy prices drifted lower while metals rose with demand. The AUD caught the bounce and received an extra boost from the decline in the USD. The AUD moved back to 0.9230 and the KIWI is approaching 0.7950.

No scheduled Central Bank commentary allows the markets to absorb economic data releases and US earnings.

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=112396

1:49 AM Thu 25 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:

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
11 Jul 2013  Collinson FX Market Commentary: July 11, 2013 - Egypt oil rises
11 Jul 2013  Collinson FX Market Commentary: July 10, 2013 - Bull run continues
09 Jul 2013  Collinson FX Market Commentary: July 9, 2013 - Aussies rebounding
06 Jul 2013  Collinson FX Market Commentary: July 6, 2013 - ANZAC Ups and Downs
MORE STORIES ...




News - USA and the World





















Express 27 National Championship overall + Video by Erik Simonson, Pressure-Drop.US,














America's Cup: Louis Vuitton Cup's Yves Carcelle dies at 66 *Feature by Richard Gladwell/Sail-World.com/nz,












Audi Melges 20 World Championship - ‘Samba Pa Ti’ crowned champion by International Audi Melges 20 Class Association,










Audi Melges 20 World Championship - Final race to decide champion by International Audi Melges 20 Class Association,










Fort Lauderdale International Boat Show - 13 things to See and do
Ronstan Bridge to Bridge 2014 - Images by Erik Simonson
Volvo Ocean Race: Update from Team Vestas Wind in images
ISAF Sailing World Cup Melbourne - Australian Sailing Team signs up
2014 18' Skiff International Regatta - Day 3
America's Cup: Oracle Team USA sailors place on world regatta circuits
Audi Melges 20 World Championship - Classic Garda conditions on day 2
PWA Alacati World Cup - Intense competition on day 3
America's Cup: 'The Doc' appointed as Commercial Commissioner
Wake Park Triple Crown - Registration open for final stop
Audi Melges 20 World Championship - Day 2 images by Stefano Gattini
Volvo Ocean Race - Two more join Dongfeng Race Team
OHPRI Teen Summer Camps make a splash
East to West: A profile of Volvo Ocean Race crew Team Dongfeng
Extreme Sailing Series - First-ever Turkish team to race in Istanbul
Audi Melges 20 World Championship - Race 4 images by Max Ranchi
New Around Britain and Ireland Monohull 40ft and less world record
Detroit Cup - Fifth place finish a difficult result for Neptune Racing
Audi Melges 20 World Championship - Alessandro Rombelli's 'STIG' leads
Volvo Ocean Race: Call of Duty comes first for Team Alvimedica
Audi Melges 20 World Championship - Day 1 images by Stefano Gattini   
Helping boaters understand weather basics   
PWA Alacati World Cup - Exciting finish on day 2   
Match 40s find the surface again + Video   
Audi Melges 20 World Championship - Day 1 images by Max Ranchi   
Clagett Regatta names first Executive Director   
Transatlantic Race - Fleet expanded for 2015 edition   
IFDS World Championship overall   
Anna Tunnicliffe: Alinghi finishes second - Extreme Sailing Series   
2014 18' Skiff International Regatta - Day 2   
2014 Audi Melges 20 World Championship - It's go time in Garda   
2nd Annual Keith Dinsmoor Regatta September 13-14   
Aldo Alessio Regatta - Three days of tight racing   
PWA Alacati World Cup - First blood to Van Der Steen and Offringa   
Oakcliff Sailing hosts the Nacra 17, 49er and 49erFX Nationals + Video   
International 18ft Skiff Regatta underway on San Francisco Bay   
Maxi Yacht Rolex Cup 2014 - Quality fleet for Maxi Classic   
Sailing Champions League - which is Europe's best sailing club?   
Weta fun at the Wine & Roses Regatta   
Extreme Sailing Series: The Wave, Muscat claims victory on Cardiff Bay   


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