Please select your home edition
Edition




Collinson FX Market Commentary - December 12 - NZD regains some ground

by Collinson FX 12 Dec 2017 04:55 PST
PwC Leopard powered by Doyle Sails, Super Yacht regatta, Bermuda, June 2017 © Richard Gladwell

Collinson FX Market Commentary - December 12 - NZD regains some ground

A quiet start to the trading week was interrupted by a bomb attack in New York. A Muslim terrorist attempted to ignite a pipe bomb which was contained without any deaths.

Markets are focused on Central Banks and speculation associated with their interest rate decisions. The Fed leads the 'big three', including the ECB and Bank of England. The Fed and Bank of England are far more advanced than the ECB on the yield curve. Inflationary growth is on the move in these countries while the ECB is experiencing 'green shoots'!

The EUR managed to regain 1.1800, while the Yen traded 113.30, although rhetoric will have greater impact than the actual decision. Expectations are high for a rate rise from the FOMC, while the Bank of England has a tightening bias, so any surprise would have significant impact. The NZD regained some recent lost ground, jumping back to 0.6900, while the AUD pushed above 0.7500.

The reserve will likely dictate commodity currencies over the next few days, although local data will effect local trade.

For more on Collinson FX the latest update www.collinsonco.com/forex/trading-rooms/nz

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 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 Collinson FX November 11: Feel good US economy
US Federal Chairman says he is ,‘feeling good' about the US economy Markets continued to rally, following the huge wave of positive sentiment from the election of President Trump. The Fed unanimously voted to cut a further 25 basis points. US Federal Reserve Chairman, that he was ‘feeling good' about the US economy. Posted on 11 Nov 2024 Collinson FX June 7: ECB cuts rates
ECB (European Central Bank) cuts rates for the first time in five years, more cuts expected The ECB (European Central Bank) cuts rates for the first time in five years, as expected, offering relief to borrowers. Markets anticipate that the ECB will cut again, at least once, this year. Posted on 10 Jun 2024 Collinson FX: OCR hold lifts NZD
RBNZ was hawkish, citing inflationary pressures, in their decision not to change the Cash Rate RBNZ was hawkish, citing inflationary pressures, in their latest decision to leave interest rates at these elevated levels, until at least next year. That had the same impact on the currency, with the NZD rallying strongly following the RBNZ rate decision Posted on 22 May 2024
This site and its contents are Copyright © 2025 Sail-World Sail-World USA 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