sail-world.com -- Collinson FX Market Commentary: February 25, 2013 - US Equity surge
Collinson FX Market Commentary: February 25, 2013 - US Equity surge
Mon, 25 Feb 2013
Collinson FX market Commentary: February 25, 2013
Click here to find out how to get CollinsonFX's free iPhone app
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?
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.
Onesails.com - Workforce
OneSails is the culmination of over 35 years of experience accumulated by our team in design and technology applied to sail-making. [More info]
Vicsail Sydney Pty Ltd, launched into the Australian sailing fraternity in 1983 and has been sailing strong ever since. At Vicsail, “We Sail the Boats We Sell”. [More info]