Please select your home edition
Edition
Collinson and Co




Collinson FX Commentary: Jan 23 - NZD regains .7300

by Collinson FX 24 Jan 2018 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: January 17 - Brexit focus remains
AUD slipping below 0.7200, while the NZD drifted below 0.6800 Focus remains on the ‘Brexit' catastrophe and the slow motion train crash, that it is, while global economic data remains scarce. Posted on 17 Jan
Collinson FX: January 9 - Deal by end of 90 days
The AUD trades at 0.7125, while the NZD consolidates above 0.6700 Markets continued to regain confidence as China/US trade negotiations look to progress in China. The US team are looking to iron out the points of disagreement with the Chinese and ensure a Trade pact is signed by the end of the 90 day negotiating period. Posted on 9 Jan
Collinson FX: January 4, 2019 - Nervous markets
AUD trades back above 0.7000, while the NZD pushed up slightly on a weaker reserve. Nervous markets remain volatile and until some certainty returns we can expect abnormal movements. Trade and Central bank policy/speculation will dominate the narrative, while economic data will soften. Posted on 6 Jan
Collinson FX: December 28 - Historic spike in US
AUD testing 0.7000 to the downside, while the NZD slipped below 0.6700 Markets enjoyed a historic spike in the previous days trade. The Dow jumped nearly 1,000 points! This is the largest single days gain in nearly 10 years. Posted on 28 Dec 2018
Collinson FX: Dec 18 - AUS and NZL economies OK
The Australian and NZ economies have performed remarkably well, under testing circumstances The Australian and NZ economies have performed remarkably well, under testing circumstances, but the trade deal remain fundamental. Posted on 17 Dec 2018
Collinson FX: Dec 13 - NZD holds the line at .6850
The AUD moved up to 0.7220, while the NZD drifted to 0.6850, holding the line. Markets rebounded strongly overnight, as confidence over US/China trade talks progress well. The AUD moved up to 0.7220, while the NZD drifted to 0.6850, holding the line. Posted on 14 Dec 2018
Collinson FX: Dec 7 - KIWI holds ground
The NZD held up reasonably well considering, softening to 0.6870, while the AUD fell to 0.7200. The NZD held up reasonably well considering, softening to 0.6870, while the AUD fell to 0.7200. The AUD has been adversely effected by the recent downgraded growth data and the health of the consumer. Posted on 7 Dec 2018
Collinson FX: Nov 28 - Kiwi slips back
The NZD slipped back to 0.6770, while the AUD tests 0.7200, on the downside. The NZD slipped back to 0.6770, while the AUD tests 0.7200, on the downside. Posted on 28 Nov 2018
Collinson FX: Nov 19 - Brexit crashes Sterling
The AUD jumped above 0.7300, while the KIWI surged to 0.6850. This assisted the bullish NZD and AUD, that have been travelling well, supported by strong domestic economic data. The AUD jumped above 0.7300, while the KIWI surged to 0.6850. Posted on 18 Nov 2018
Collinson FX: Nov 9 - ‘Blue-sky' outlook by market
The NZD held below 0.6800, after huge recent gains awaiting the FOMC, while the AUD looks to regain Markets were quiet and steady ahead of the FOMC announcement this morning (afternoon New York time). The fall-out from the US Mid-Term elections appears to be over. Posted on 9 Nov 2018
Collinson and Co