Daily Commentary 01/07/2015

Greece misses official debt repayment and defaults, compounding the previous ‘technical’ debt default, and throwing markets in to a state of flux. Markets are nervous, considering the Chinese equity collapse and the Puerto Rican debt crises! Negotiations continue and the referendum is likely to buy time, despite the result being irrelevant, giving the regime time.…

Daily Commentary 30/06/2015

Global equities crashed over the Greek crises. The Greek Government closed banks and imposed capital controls to limit the run on banks and to allow a referendum this coming weekend. Why go to the people when they were elected to sort this out? The debt payment is due by the end of this month! The…

Daily Commentary 17/6/15

European equities wallowed, struck by inertia, from Greek inaction. The Greeks are refusing to budge while European authorities threaten financial repercussions. There has been a further run on local banks, which are now being supported by ECB cash, with the locals preparing for a possible exit. European Finance Ministers will reach a compromise Thursday, but…

Daily Commentary 11/6/15

Risk appetite rose with confidence returning to European markets over the Greek debt negotiations. The Greeks have apparently agreed to major requirements under the debt negotiations although brinksmanship has been a studied art for the home of civilisation. Bond yields crept north, rather than spiking, which is seen as a positive with a return to…

Daily Commentary 10/6/15

Collinson Forex Daily Email: New Zealand Commentary European markets remained under pressure as Greek debt negotiations continue. The Greeks have offered a new plan which ignores previously agreed upon conditions. They are now setting the loan conditions of existing and future debt terms. The negotiations is an operation of brinksmanship with the Greeks pushing to…

Daily Commentary 09/06/2015

Equity markets followed a volatile week with further slides after trade data showed some weakness. The Chinese Trade surplus increased, but mainly due to a collapse in Imports, thus demand. German imports also showed some weakness while Japanese GDP jumped 1% for the Quarter. Bonds continue to rattle nervous markets and the Dollar gave up…

Daily Commentary 08/06/2015

A stronger than expected Non-Farm Payrolls number surprised markets and boosted the Dollar. Employment prospects improved the potential for an interest rate rise from the Fed, later this year, pushing the USD higher. The EUR crashed to 1.1111, while the GBP slipped to 1.5270, despite improving local economic conditions. ‘Good news is good news’! Improving…