Please select your home edition
Collinson and Co

Collinson FX Market Commentary- November 19, 2013 - Dow sets new high

by Collinson FX on 20 Nov 2013
- Etchells Invitation Series - November 12, 2013 Richard Gladwell

Collinson FX market Commentary: November 19, 2013!Click_here to find out how to get CollinsonFX's free iPhone app

The Dow broke through the record high, never achieved... the magic 16,000 level!

This is purely a result of Central bank interventionism with QE Infinity living up to it's name. Janet Yellen has already described the US economy and labour market as 'performing far short of potential' and many believe she will act in an even more expansionary fashion. Yellen is dovish and will even consider the expansion of QE Infinity.

The massive stimulus has literally flooded equity markets and inflated further bubbles in asset prices, supporting currencies, as the reserve is undermined. Despite the basket case, that is the EU, the currency moved north to above 1.3500 and the GBP 1.6100 as the mighty US Dollar is dissipated. Markets will await the release on the Fed's minutes this week with the RBA to release minutes today.

The insight in to the machinations of Central Bankers will give leads to the direction of currencies. The AUD is approaching 0.9400 and the KIWI 0.8350, with pressure on local Central Banks to react to the Fed, or destroy trade exposed sectors as a sacrificial lamb to the alter of US stimulus.

For more on Collinson FX and market information see: and

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.
Collinson and Co