Daily Commentary 11/12/2015

Equity markets rallied, for the first time this week, after three days of selling. Markets are looking at the Feds interest rate decision next week, which is likely to be an increase of 0.25%, although this will be largely symbolic. The rate rise is essential for the Feds credibility, as all requirements in terms of…

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 18/03/2015

Equity markets drifted lower overnight due to positive economic data triggering speculation that the Fed may move towards interest rate rises. EU and German ZEW sentiment reported a rise and EU inflation was higher, giving a reason to believe in a growth scenario, thus markets retreated. The EUR tested 1.0600, while the GBP meandered around…