Collinson FX Market Commentary- Dec 31

Collinson FX Market Commentary- Dec 31 - It's all Greek

by Collinson FX on 31 Dec 2014

Best of 2014: Scott McKenzie - Day 5, 2014 Toyota Optimist Championships, Manly SC Richard Gladwell www.photosport.co.nz

Collinson FX market Commentary: December 31, 2014

http://itunes.apple.com/app/collinsonfx/id533360650?mt=8!Click_here to find out how to get CollinsonFX's free iPhone app

Dec 31 - Political turmoil in Greece interrupted market torpor and pricked a sell-off in equities across Europe which spread to US markets. Oil prices remained severely depressed which added to energy company woes and energy producing countries.

New, early elections were called in Greece, destabilising markets, as questions over EU/ECB bailout contracts arose. The uncertainty re-awakened skeleton markets as only Greece can do. The EUR was steady, trading 1.2150, while the GBP rose to 1.5555.

The AUD managed to book gains, boosted by a jump in Iron Ore prices, while the KIWI managed to break above 0.7800! Happy New Year and although markets are open on Friday (except NZ) expectations are low!

For more on Collinson FX and market information see:
www.collinsonfx.com and www.collinsonwealthmanagement.com

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.

If you want to link to this article then please use this URL: www.sail-world.com/130342

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

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

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

Collinson FX: Jan 20: No change with PM's exit
The NZ ‘PM of Aotearoa' resigned yesterday, which had little impact on the currency. The NZ ‘PM of Aotearoa' resigned yesterday, which had little impact on the currency, as this will have little impact on the NZ economy.
Posted on 19 Jan 2023

Collinson FX: Dec 5 - Risk appetite rallies
US Federal Reserve Chairman confirms the rate of future interest rate rises may slow US Federal Reserve Chairman confirms the rate of future interest rate rises may slow, as early as December.
Posted on 5 Dec 2022

Collinson FX Market Commentary- Dec 31 - It's all Greek

Related Articles