Collinson FX Market Commentary - Sep 9 - Chinese lead Equities surge
by Collinson FX on 9 Sep 2015
- 2015 29er Worlds, Day 2 Robert Hajduk / shuttersail.com
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Collinson FX Market Commentary - Sep 9 - Chinese lead Equities surge Click here to find out how to get CollinsonFX's free iPhone app
Sep 9 - Equities surged overnight after a strong lead from China. Doubts were being quickly dispelled as liquidity flowed in virtual oceans. The money printing machines ran hot globally, as digital monetary transfers filled banks coffers, who in turn filled domestic treasuries debt.
The Fed has been alluding to an interest rate rise this month and expectations are high as domestic economic data improves. The EUR traded 1.1180, while the GBP surged to 1.5600, contradicting any rate rise in the US!? Commodity currencies surged back, with the AUD leaping to 0.7020, while the KIWI jumped to 0.6340.
Chinese trade data improved but analysis revealed a contraction in both exports and imports.EU GDP booked some gains, as the much ,maligned zone, comes under new refugee pressures. The EU barely survived the global economic crises and now should reveal the fallibilty of liberalism.
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Collinson FX Market Commentary - Sep 8 - KIWI crash-tackled by reality
European and Asian markets rebounded,except for malignant China, from last weeks epic losses and turmoil but Wall Street was not going to be fooled.With little on the economic front, markets focused on the degenerative global economic conditions, US markets resumed the slide. Conditions in the US confirm a telegraphed interest rate rise, as indicated for most of the year, but lack of confidence would be translated in to a massive move in markets.
The EUR held 1.1170, while the GBP traded 1.5250, revealing little on Fed action. Commodities continued to tank and the associated currencies have been in free fall over the weekend.
The AUD crashed through technicals, to trade 0.6920, while reality smashed the NZD down to 0.6250. Politicians welcome the chance to commentate on the latest media darling, announcing heartfelt measures to support migrants, ignoring the devastation being wreaked upon local markets. Focus!
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