Collinson FX Market Commentary- February 25, 2013 - US Equity surge
by Collinson FX on 25 Feb 2013
Collinson FX market Commentary: February 25, 2013
http://itunes.apple.com/app/collinsonfx/id533360650?mt=8!Click_here to find out how to get CollinsonFX's free iPhone app
C-Tech finished in 2nd place 34 seconds behind Gotta Love It 7 in Heat 7 - 18ft Skiff JJ Giltinan Championships2013 - Race 7 Beth Morley - Sport Sailing Photography© http://www.sportsailingphotography.com
US Equity markets wiped out the weeks losses with a Friday surge sparked by some good economic news from Europe and some pro-QE statements from St Louis Fed Chairman.
In Europe German IFO Business Climate rose to a 3 year high although exports and imports contracted. A German recovery could spark a recovery in Europe but these assumptions ignore the harsh economic realities. In the US, James Bullard suggested QE was here for a 'long time' which reassured many frightened by earlier statements questioning the impact of QE Infinity.
The EUR remained weak at 1.3185 and the GBP 1.5175. The recovery of risk-appetite softened the Dollar against the commodity currencies with the AUD retesting 1.0300 and the KIWI back to 0.8348. A flood of economic data from Europe and the US will drive markets in the coming week.
A good look at GDP growth an Employment with a closer look at US Housing. Can the Bulls ignore economic reality?
For more on Collinson FX and market information see:
www.collinsonfx.com and www.collinsonwealthmanagement.com
Countries: | NZ: 0800 338 838 | AU: 1800 143 415 | NY: 1888 6257 833 | UK: 0800 0285 834 |
Disclaimer: The details expressed in this 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.