Please select your home edition
Edition

Collinson FX Market Commentary - April 5 - Red faces all around

by Collinson FX on 6 Apr 2016
Natalia Kosinska will train for three weeks with the China’s and Brazilian RS:X Olympic representatives, Takapuna, March 31 2016 Richard Gladwell www.photosport.co.nz
Collinson FX Market Commentary - April 5, 2016 - Red faces all Click here to find out how to get Collinson FX's free iPhone app

There were no surprises in markets to open the new week although European employment drifted back to 10.3% (which is considered strong and improving!!).

The major scandal engulfing markets was the 'Mossack Fonseca' financial fracas embarrassing banks and some wealthy individuals. This is a company that set up shell companies to protect wealthy individuals (many leaders and criminals) with the full knowledge of some leading global banks. It has sent many running for cover while the media determine the full implications.

The EUR held 1.1400, while the GBP traded 1.4260.

Commodity currencies fared worse, with the AUD drifting back to 0.7600, while the NZD slipped all the way back to 0.6820. The lack of economic data will be rectified tonight with reserve bank influence coming to the fore as the week progresses.

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.

Related Articles

Collinson FX: June 18: Markets tumble again
Markets tumbled again overnight, with the Israeli war on Iran, totally pre-occupying markets. Markets tumbled again overnight, with the Israeli war on Iran, totally pre-occupying markets. The war rages on, with devastating air attacks launched and received, from both sides.
Posted on 18 Jun Collinson FX: June 13: Xi bounces agreement
Xi bounces trade agreement that was a great deal for USA but very unfavourable to China. Reservations remain over the latest rendition of the US/China Trade Agreement. Trump announced it was a ‘done deal' and that China would pay tariffs of 55%, while the US would pay only 10%. This was not signed off in by President Xi.
Posted on 14 Jun Collinson FX: June 6: EU cuts rates
President Trump held an important phone conversation with Chinese President Xi. Trade wars were the market focus, once again overnight, as President Trump held an important phone conversation with Chinese President Xi.
Posted on 6 Jun Collinson FX: May 30: Trump in Court battles
Markets were shaken by the latest court order (latter upset on Appeal), in the USA. Markets were shaken by the latest court order (latter upset on Appeal), in the USA, by the US Court of International Trade. This effectively halted the Trump tariffs and was a boost to many Countries, that do not have a trade agreement with the USA
Posted on 29 May Collinson FX May 26: Trump Tariff movie hits EU
Trump's "Art of the Deal" trade wars movie gets released in Europe with a 50% opener on Sunday. Market sentiment turned negative, over the weekend, following the announcement of tariffs on the EU. President Trump announced a 50% tariff on all EU products, commencing 1st of June
Posted on 26 May Collinson FX May 22: USD down, others rise
The US Dollar weakness is a result of concerns surrounding the US economy and US growth. The EUR topped 1.1300, while the GBP broke back above 1.3400. The US Dollar weakness is a result of concerns surrounding the US economy and US growth. Moody's downgraded the US credit rating and economic data has been weak.
Posted on 22 May Collinson FX May 16: Tariffs depress inflation
Markets began to trade according to economic data releases, rather than fears held over global trade The latest US PPI was softer than expected, joining the last CPI inflation reading, confirming the tariffs have not raised inflation, but in fact the opposite.
Posted on 16 May Collinson FX May 12: US/China trade progress
The US Treasury Secretary meets, this coming weekend in Switzerland, with China. The US Treasury Secretary meets, this coming weekend in Switzerland, with China. This is the key trade agreement and progress is expected.
Posted on 11 May Collinson FX May 5: US markets rally strongly
Markets brush off a shock headline US GDP number, May opens on a strong note Markets in the US rallied strongly to close out a week of strong gains, brushing off a shock headline US GDP number. US equities rallied into the close for the week, opening the month of May on a positive note.
Posted on 5 May Collinson FX April 11: More whiplash for markets
Markets will be suffering severe whiplash, after the last couple of weeks trade. Markets will be suffering severe whiplash, after the last couple of weeks trade, and overnight was no exception. Asian and European markets posted big gains, bolstered by the Trump announcement of a ‘pause' on tariffs, on all but China.
Posted on 11 Apr
This site and its contents are Copyright © 2025 Sail-World Sail-World Australia 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.
If you have any questions about advertising or editorial then please contact our team. If you encounter any technical issues then please email techsupport@sail-world.com
Terms & Conditions | Privacy Policy