Collinson FX market Commentary: March 25, 2014 Click here to find out how to get CollinsonFX's free iPhone app
Equities opened the new week lower with Europe simmering and economic conditions globally weaker. China Flash Manufacturing PMI revealed a slower manufacturing sector in the worlds factory. European Manufacturing PMI was lower in Germany and the EU, with Manufacturing and Services both falling, although France bucked the trend.
The Chicago National Activity Index improved, but remains slow, with the emergence from a nasty winter. This week will focus on US GDP growth and Housing data to provide domestic drivers to equities and currencies. The lack of confidence has lead to a weaker USD as the EUR jumped to 1.3860 and the GBP 1.6520. Risk sentiment has improved with Russia consolidating the Crimea and the West talking a lot.
Commodity currencies thrive on improved risk sentiment and the AUD again broke above 0.9100 and the KIWI 0.8540 in overnight market. Economic data from the US and Geo-Political developments from Europe will again dominate markets for the week 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.