Collinson FX: November 11: US markets continue to rally post election

by Collinson FX 11 Nov 20:39 NZDT 11 November 2024

Armstrong Foils' tour of New Zealand © Georgia Schofield

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, with a noted commentary from the Federal Reserve Chairman, that he was ‘feeling good’ about the US economy. The positive sentiment and more certainty moved equity markets to record levels, while the recent surge in bond yields has eased. The pressure on the safety of the US Dollar has also reversed, allowing the EUR to regain 1.0700, while the GBP has pushed back to 1.2900.

The softer reserve has ensured the commodity currencies have settled, albeit at low levels. The AUD bounced off 0.6560, while the NZD rebounded from 0.5950. These currencies are experiencing testing times and reflect the weak economic situation, domestically, as well as trade challenges. This coming week will see big inflation data releases across Europe and the US, while GDP growth data will also be of interest.

For the latest and recent market commentaries from Collinson & Co see collinsonco.com/news-updates

Catch the new look Collinson FX website at www.collinsonco.com

Disclaimer: The details expressed in the Collinson FX 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

Collinson Forex offers valuable insights and solutions to boat enthusiasts and industry professionals alike. They offer a range of tailored currency services, designed to support individuals and businesses involved in the marine sector, facilitating seamless international transactions and optimizing financial operations. Founded in 1994, Collinson Forex is a trusted financial partner within the marine community. collinsonco.com/business-forex

Collinson Crowdfunding provides innovative equity crowdfunding services, aiming to connect businesses looking to raise capital with investors who are looking for new opportunities. They do this by offering a website for companies to make share offers and support to streamline the offer process. For investors, Collinson Crowdfunding offers a simple way to invest in exciting businesses. collinsonco.com/crowdfunding

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: November 11: US markets continue to rally post election

Related Articles