Collinson FX Market Commentary- February 18, 2014 - Tide comes in
by Collinson FX on 19 Feb 2014
Collinson FX market Commentary: February 18, 2014
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The 'rising tide is lifting all boats' with Global economic confidence on the rise. Earlier talk of a market correction from last years surge in equities was all but forgotten.
It appears emerging markets are recovering and Chinese trade has surged to boost demand for commodities. The AUD has regained 0.9000 and is looking to consolidate although the domestic economy is suffering hits from manufacturing contraction and exports under some pressure.
The KIWI has continued to build on the recovery, reflected in a rise in Retail Sales, rising from 0.2% to 1.2%. This has supported the KIWI which is traded around 0.8350. Confidence in Europe has been rising with GDP growth data confirming a slow improvement.
Italy look to promote their youngest leader and Bonds yields are rallying strongly. This appears to be broad recovery but has yet to be convincing with strong economic data support.
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