Tag Archives: AUD

Gym mats and jigsaw mats

Coalition Win Temporary Boast For AUD and Gym Mats

The coalition win over the weekend proved to be just a temporary boast for the AUD and the price of Gym mats. The Liberal National coalition surprised the nation and all the pundits. It was expected that the Labour Party would easily win the election but that was not the case. In the end the Libs ended up with a majority in the house with the Senate yet to be decided.

The initial reaction to the Liberal victory was the strengthening of the AUD. For the first time in weeks in shot up above $0.70. It was also a boast for gym mats as it seemed that pressure for a price rise would subside. The price of gym mats has steadily increased over the past year. First it was eva mats which went up at the beginning of the year. The price of 40mm jigsaw mats went up whilst the other thicknesses staid the same. The price of MMA mats and tatami mats also increased in price over the last couple of week.

The short lived increase in the AUD was broken by the Reserve Bank hinting that there could be an interest rate cut in the not too distant future. Some are predicting a cut as soon as June and then another in August. Such cuts could lead to the Australian Dollar falling further and therefore even more pressure on the price of gym mats.

US Dollar and gym mats and jigsaw mats

AUD Falls After RBA Speech

The AUD traded down to the lowest level since January 4th after the RBA speech which indicated lower then expected growth and inflation. The Aussie was off against all of the majors except for the NZD. The RBA Governor Philip Lowe recalibrated interest rate expectations from mildly hawkish to neutral due a slow down in economic activity as a result of the down turn in the housing market and other international uncertainty. This despite the fact that iron ore is trading at highs and the price of oil is holding up. Both of which are major Australian commodities. Adding to the pain was a weak retail sales reading and a marked decline in imports and exports in December.

This resulting sell down for the currency might have the effect of impacting inflation which would be ironic considering it was one of the RBA’s chief concerns. The depreciation in the currency will have a effect on any new imports of jigsaw mats and MMA mats. Whilst we always endeavour to keep pricing down any persistent downward trend in the value of the AUD has an impact on pricing. This is true of all products imported into Australia. Jigsaw mats are imported from China as too are MMA mats.

Roko

Market Watch

AUD stabilised against the US dollar for the first time in two week as most commodity prices rose, led by oil. A projected OPEC supply cut led crude to a November high, up 4.3%. Our chief commodity iron ore was lower. Iron ore dropped 3.4% to $70.34 a ton as Chinese port stockpiles rose to a two year high. The forecasts for average prices of $58 this quarter and $50 in 2017.

A lower Australian dollar leads to;

  • Higher price for imported goods.
  • Increase change of interest rise.
  • Less money in the bank for most of us.
  • Higher prices for interlocking jigsaw mats.

Hopefully stability will persist in the Australian economic environment.

judo tatami mat

Why Use Gym Mats

Gym mats are an essential safety measure as they protect people from injuries due to falls and impacts. They help minimize strain on the body and ensure gym members are comfortable when they exercise. At Ezy Mats, we specialize in gym mats and provide customised solutions to our clients. We will help ensure your gym has comfortable and resilient flooring that would last for several years to come.
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Australian Dollar Jigsaw Mats

AUD Comes Down Due to Deflation Concerns

The Australian Dollar retreated this week due to concerns with deflation. The dollar was off by 2% after the ABS reveal deflation of -0.02% in the last quarter. The softening in prices was mainly due to a full in the price of oil and food. This worried the markets into thinking that the RBA’s next more may be more easing. The market has factored in a 50% chance that the RBA will drop rate if not at their next meeting then very soon.

The effect of the falling dollar on EVA interlocking jigsaw mats has been minimum. Ezymats has been and continues to be the best price suppliers of martial arts training mats in the market. Our interlocking jigsaw mats are both the best price and best stocked in the market. Ezy Mats have containers arriving almost every week to refresh supplies to keep our Australian customers happy.

AUD bouncing around

The Australian dollar traded steadily on Friday, after sustaining sharp losses a day earlier. The RBA lowered its forecast for GDP of 2-3% in the year through June 2015, down from 2.25-3.25% in the May projection. The RBA added that the unemployment rate was likely to “remain elevated for some time”. The RBA statement also took note of the high value of the Australian dollar, which has gained about 6% since February.

Mao

China’s growth increases to 7.5% in Q2

The mainland’s economy grew 7.5 percent between April and June from a year earlier, slightly above expectations and quickening from the 7.4 percent pace in the first quarter, reinforcing hopes that a recovery is under way after a flurry of government stimulus measures.

Other data released alongside the gross domestic product report showed factory output rose 9.2 percent in June from a year ago, beating expectations of a 9.0 percent increase.

Fixed asset investment, a mainstay driver of the mainland’s economy, climbed 17.3 percent in the first six months compared with a year earlier, above forecasts for a 17.2 percent rise.

Retail sales rose 12.4 percent in June from a year ago, in line with analysts’ predictions.

China’s economy got off to a weak start this year as unsteady foreign and domestic demand dragged on exports, investment and industrial output, prompting the government to announce a slew of stimulus measures.

Many economists believe more policy support may be needed in coming months to sustain any recovery, particularly if the already cooling property market begins to deteriorate more sharply.

Market Watch

Share markets from Asia to the US slumped last week on the back of credit risk aversion and disappointing earnings. The Dow Jones lost its YTD gains in one session and the S&P 500 shed 2.3% in recording its worst week since 2012.

The ASX dropped 1.36% on Friday to close at 5556 after hitting a 6 year high earlier on in the week. UK and European shares lost ground in the wake of a lower than forecast manufacturing data reading from China.

Gold rose by 0.9% on Friday to close at $1294/oz after a disappointing jobs report from the US. More on that in the USD section below.

Oil saw its biggest weekly drop in seven months after the refinery utilisation rate dropped for the first time in 5 weeks. WTI finish 0.3% lower at $97.88/bbl.

The AUD lost close to 1% last week as economic data was softer than expected, disappointing investors after a largely positive previous week. Building Approvals dropped 5%m/m and the Producer Price Index fell 0.1%, just the second negative reading in four and a half years. This lower than expected inflation gauge opens the way for a further rate cut should Glenn Stevens deem it necessary. Retail Sales data released today ahead of the RBA meeting tomorrow should provide some interesting reading.

The price of EVA jigsaw rubber gym mats is stable. Ezymats is still the market leader both in Australia and globally though their China office.

Market Watch – Interlocking EVA Jigsaw Rubber Gym Mats

US stocks rose over the weekend, the S&P500 rising 0.30% higher to 1,936.15. The equities benchmark nearly erased its gains in the final hour of trading amidst potential uncertainty surrounding the conflict in Iraq. Islamist fighters in Iraq extended their advance, highlighting a risk to oil supply from the OPEC region and raising fears of another gulf war brewing.

Australian shares fell 0.44% on Friday, the biggest drop since the start of February following from the insurgent attacks in Iraq. This geopolitical risk added pressure to weakening spot price of iron ore and coal with the exception being energy and gold stocks which benefited from the tensions.

The spot price for gold strengthened 1.50% to $US1272.15 per ounce and the spot price for oil surged above $US114 per barrel for the first time in 9 months.

The Australian dollar is at seven month high despite geopolitical fears in Iraq. Over the past week it has been emerging as a “safe haven”. Australian dollar opened slightly lower today, pushed down by profit taking and lowering iron ore price. The dollar may see some downward pressure with the Federal Reserve policy meeting this week.

The price of EVA foam jigsaw interlocking rubber gym mats remains stable. Ezymats is a leading supplier in Australia.

AUD – EVA Interlocking Jigsaw Rubber Gym Mats

The AUD rose another 0.4% on Tuesday. Yesterday’s data releases showed that the number of jobs fell for the first time in five months in May and that Business Confidence was unchanged for the month. Surveys showed that conditions are mixed across all industries with NAB forecasting higher unemployment by late 2014.

The effect on the price of EVA interlocking rubber gym mats should be positive. Especially with talk to the AUD reaching parity with the USD. Ezymats is a leading supplier of EVA interlocking foam rubber jigsaw mats. They are also know as gym mats, gymnastics mats, judo mats, crash mats, module mats etc. They have a variety of uses includes martial art, gymnastics, children’s play areas, gyms and other uses.