Collinson Forex Daily Market Commentary

Daily Market Commentary

Asian markets blossomed, following the news that the Chinese were going to be pro-active in 2025, with both their monetary and fiscal policy. Equity markets rallied on the news, while Japanese Q3 GDP growth came in stronger than expected, adding further positive sentiment to markets. This is the week of Central Banks and inflation, with the RBA kicking things off today. The US Dollar was softer on the positive sentiment, with the EUR consolidating above 1.0550, while the GBP jumped to 1.2780.

The weaker reserve allowed the NZD to rally back towards 0.5900, while the AUD jumped to 0.6450 ahead of the RBA IRD. The RBA is expected to hold interest rates at elevated levels, to confirm the battle against inflation is well and truly over, allowing differentials to support the currency. Markets will focus on Central Banks and inflation this week, although Geo-Politics is running red hot, around the world.

Paul Bettany   I   Collinson Forex Limited    Collinson & Co.  

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