sail-world.com -- Collinson FX Market Commentary: April 4, 2013 - The KIWI above 84c

Collinson FX Market Commentary: April 4, 2013 - The KIWI above 84c    

'Young 88s in lee of Browns Island 2013 Auckland Cup, Day 3'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: April 4, 2013

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

US equities retreated overnight, giving up the previous days gains on some weaker than expected economic data. The ADP Jobs report signaled an increase of 158,000 private sector jobs were created last month, below expectations. This is a pre-cursor to Friday's all-important Non-Farm Payrolls expected to show an increase around 200,000!

The Institute for Supply Management also drifted lower to 54.4 from 56 reflecting weaker economic conditions in the Non-Manufacturing sector. This came on the back of growing Eco-Political pressures in Europe and Asia. European markets remain under the spotlight with fallout from Cyprus still to be measured and continued political instability in Italy.

The EUR trades 1.2840 and the GBP 1.5150 with many nervous investors. Growing Political instability in Asian is also impacting markets with North Korea beating the drums of war but is it 'crying wolf?' The AUD was steady after some solid Trade Data reflecting improving conditions, with the currency holding around 1.0450.

New Home Sales fell 5.3% and Political Instability has become the norm holding back any concerted recovery.

The KIWI continues to trade above the 0.8400 level and will reflect risk events offshore.

Wired (Bakewell-White 52) - 2013 Auckland Cup, Day 3 -  © Richard Gladwell?nid=108112   Click Here to view large photo

Collinson FX market Commentary: April 3, 2013

The Bernanke Equity bubble continued to grow as equities reached further virgin territory. The sheer volume of liquidity being pumped through QE has overwhelmed markets looking for a positive return forcing them into equity markets.

The latest rally was sparked by a rise in Factory Orders (3%) although New York's ISM fell from 58.8 to 51.2. The string of improving economic data in the US is being tempered by contradictory evidence but the Bulls are taking the positives. Fed member, Lockhart, has hinted at reduction in QE as economic conditions improve this year but April is normally a very positive one for equities.

Be prepared for a substantial correction in May as technicals and fundamentals collide. European triggers will remain as conditions remain volatile. EU Unemployment rose to a new record of 12% and PMI all held record low levels. The EUR was weak trading 1.2820 and the GBP 1.5115. The RBA held interest rates at 3%, keeping the powder dry, with commodity prices contracting giving little impetus to the currency.

The AUD held 1.0450 and the KIWI moved to 0.8400 with an improving mix of local commodity prices. Markets will continue in this fashion, save any eco-political surprises from Europe or a dramatic reversal in major economic fundamentals.

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
- 11:38 AM Thu 4 Apr 2013 GMT



Click here for printer friendly version
Click here to send us feedback or comments about this story.
If you want to send this story to a friend, please use link below
http://www.sail-world.com/indexs.cfm?nid=108112

Based on your current download speed Sail-World has delivered large images (660 pixels long side.)  If you would like to see only small images (300 pixels long side) click here .  For medium sized images (500 pixels long side) click here .  If you would prefer to see text only (without pictures) click here

Click for further information on
2011 Collinson & Co

Related News Stories:
08 May 2012  Collinson FX Market Commentary: 8 May 2012 - Europe elections dominate

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 AUS
LocalAds   DE  ES  FR  IT