Please select your home edition
Edition
Collinson and Co




Collinson FX Commentary: Jan 23 - NZD regains .7300

by Collinson FX 24 Jan 02:10 NZDT 24 January 2018


Collinson FX Commentary: Jan 23 - NZD regains .7300

US Markets remain consumed by the Government shutdown. This is the third day of the shutdown and politicians fight to apportion blame. The strategy from the Democrats is to close down the Government, while seeking to blame Trump and the Republicans, all the time holding out for an immigration victory.

A compromise is likely to eventuate sooner, rather than later, with little or no damage. The stock markets shrugged this off and continued to build on the bull run. US Bonds remain well bid and the Dollar soft. The EUR traded 1.2220, ahead of the ECB rate decision, while the GBP moved up to 1.3930. The actions of the Bank of Japan is much anticipated, with a return to a more normalised monetary policy expected, as the JPY blew back above 111.00.

Commodity currencies are enjoying a special run, with a weaker reserve and strong demand, allowing rallies beyond what their own economic realities dictate.

The NZD regained 0.7300, overnight, while the AUD continued to trade around 0.8000. Local PMI data and confidence numbers may drive early trade, although Central Bank action/speculation and economic data revelations offshore, remain the major influence.

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 |

Related Articles

Collinson FX: August 15 - Trade wars influencial
Trade wars major driver - pushing the AUD back to 0.7230, while the NZD held just above .6550 Trade winds buffet these trade exposed countries and currencies. The reserve continues to rally strongly, pushing the AUD back to 0.7230, while the NZD held just above 0.6550. The ‘trade wars' remain a major driver of these currency moves, while a China/U Posted on 14 Aug
Collinson FX: August 10, 2018 - NZD in freefall
This pitched the currency [NZD] into a free fall, plunging to just above 0.6600 The RBNZ surprised markets with a dovish statement, also telegraphing their intention to leave rates unchanged until 2020. Governor Orr surprised markets with a downgrade of the GDP growth number, from 3.1% to 2.6% Posted on 13 Aug
Collinson FX: August 7, 2018 - NZD slips further
AUD trades 0.7380, while the NZD slips to 0.6725 US Markets continued to rally strongly, supported by a strong economy, with the Fed expected to raise rates twice more this year! Posted on 8 Aug
Collinson FX: August 3, 2018 - USD lifts on threat
Overnight sees the USD higher across the board as further “trade war “ tensions escalate NZD crosses are all a bit lower as a result of the stronger USD with NZD/USD hovering around .6720 and NZD/AUD just under .9200 .NZD/CAD a bigger mover lower at .8820 as oil prices effect commodity currencies the most. Posted on 5 Aug
Collinson FX: Kiwi Business Confidence in negative
NZD holds 0.6800. Trade risks remain for trade exposed currencies, especially the China/US NZ business confidence continue to hemorrhage, plunging to minus 44.9, although markets did not recognise the importance, with the NZD holding 0.6800. Posted on 31 Jul
Collinson FX: July 24 - Trump switches target
Commodity currencies rebounded, with the AUD pushing 0.7400, while the NZD looked to regain 0.6800 Commodity currencies rebounded, with the AUD pushing 0.7400, while the NZD looked to regain 0.6800 Posted on 23 Jul
Collinson FX: July 18 - EU in state of turmoil
The AUD fell below 0.7400, while the NZD gave up 0.6800, but remains extremely vulnerable. Markets continued to consume the significance of the Helsinki Summit. Trump has walked through the NATO summit with a victory. He moved on to the UK and aligned himself with the Brexiteers which will probably lean to the leavers. Posted on 18 Jul
Collinson FX: July 17 - Trump upsets Euros
The AUD consolidated above 0.7400, while the NZD traded 0.6775, both extremely vulnerable The AUD consolidated above 0.7400, while the NZD traded 0.6775, both extremely vulnerable to any trade deteriorations. Posted on 17 Jul
Collinson FX: July 12 - NZD badly hit in Trade War
AUD dropping to 0.7370, while the NZD crashed to 0.6750 The EUR fell back to 1.1675, while the Yen broke above 112.00, further highlighting a bull-run in the Big-Dollar. The rising reserve hit the commodity currencies, with the AUD dropping to 0.7370, while the NZD crashed to 0.6750. Posted on 13 Jul
Collinson FX: July 9 - ANZAC currencies raise
The AUD broke back above 0.7400, while the NZD blew through 0.6800, as trade fears settled The AUD broke back above 0.7400, while the NZD blew through 0.6800, as trade fears settled. Markets closed the week on a positive note, supported by better than expected employment numbers and despite trade sanctions. Posted on 9 Jul
Collinson and Co