sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: April 20, 2013 - Week closes quietly
Collinson FX Market Commentary: April 20, 2013 - Week closes quietly


'Georgia Racing and Wired - 2013 Auckland Cup, Day 3'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: April 20, 2013

Click here to find out how to get CollinsonFX's free iPhone app

Markets were quiet to close a negative week with the US preoccupied with the Marathon bombing and the hunt for the bombers. The fallout will evolve in the new week with developments impacting markets.

Next week will see important data releases from Europe and the US while Asia will focus on Chinese PMI and Japanese Central Bank moves.

The KIWI will be watched closely with the Reserve Bank announcing a rate decision during the week. There are no real expectations of moves either way. The commodity currencies were unsettled by the instability during the week and look vulnerable. The AUD has slipped below 1.0300 and the KIWI sitting just below 0.8400. Markets will be tentative as Geo-Political developments unfold.

Frenzy - 2013 Auckland Cup, Day 3 -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: April 19, 2013

Equities continued to tumble with economic fundamentals starting to impact the LaLa land the bulls have been occupying this year. The domestic terrorism has brought some introspection on markets and allowed reality back into the equation. This has also caused some questions to arise in Asia and the microscope has focused on Chinese growth.

The numbers are starting to disappoint and warning signals are flashing with regards domestic debt levels and real estate bubbles. This has impacted commodities which have seen a major correction and impacted associated currencies.

The AUD trades around 1.0300 and the NZD is struggling above 0.8400 with local Consumer Confidence rising but the walls are closing in.

Earnings in the US are in line but top line revenues are not meeting expectations which is undermining confidence as productivity gains can only go so far without impacting capacity. It does seem the May mood is immersing the markets early!

Georgia Racing - 2013 Auckland Cup, Day 3  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: April 18, 2013
Equities took another big hit sparked by increasingly bad news from Europe. Egan-Jones downgraded Germany and New Vehicle Sales fell by more than 10% setting a worrying trend. The fear that Germany would join the malaise is fast becoming a reality.

The EUR traded 1.3020 and the GBP 1.5230 which is not hugely significant considering the growing heat from the 'currency wars'. In the US, the Beige Book came in expectedly weak with modest to moderate growth across most regions. The uncertainty from US domestic terrorism and instability from North Korea and Europe are now impacting markets.

Risk appetite is under pressure and this is reflected in commodities and associated currencies. The AUD fell below 1.0300 and the KIWI 0.8430.

Mixed crew from New Caledonia - 2013 Auckland Cup, Day 3  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: April 17, 2013

Markets were hit hard after the terrorist attack on the Boston marathon. The first major terrorist attack on the US mainland since 9/11 has shaken America and the markets. Markets were lower as sentiment had slipped earlier with the major hit to commodities lead by the collapse in Gold.

The rebound occured overnight with the DOW making triple digit gains and Gold rebounding strongly. This was expected and the question is to the validity of the recovery or a 'dead cat bounce'? In Europe things continue to unwind economically with the German and EU ZEW Economic Sentiment reports released and disappointing. These indicators are a very important litmus tests for the state of the EU economy and both have been hit hard reflecting the dire state of the single market. In the US, earnings continued to add to the confidence of the Bulls and Housing Starts rose 7%. Unfortunately Building permits fell 3.9% contradicting the data in this sector.

The Fed continues to keep the foot flat to the floor pushing risk assets higher crushing the negative economic fundamentals revealed by statistics. The inexorable rise in equities continues and to buck Bernanke is standing front of the runaway freight train!

This has given solace to the commodity currencies who drew confidence from the rebound with the AUD moving back to 1.0380 and the KIWI to just under 0.8500. The Bull run has resumed although Geo-Political issues remain a major obstacle with real economic realities hitting home. May is on the way!

Extreme 40 - 2013 Auckland Cup, Day 3  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: April 16, 2013
Explosions around the Boston marathon has sent fear through markets. Equities crashed after domestic terrorism again hit the USA. Responsibility has not yet been claimed, or afforded, but it does seem terrorism has again hit at the heart of America, the Boston Marathon.

Equities were hit hard, with the Dow down 200, and associated risk assets also taking it on the nose. The AUD was impacted earlier after Chinese data concluded a fall in growth. Chinese GDP only grew at 7.7% missing the expectations of 8%. Industrial Production was lower, dipping below 10%, although it is hard to gauge the value of Chinese statistics. It is more a directional movement and this is the wrong way!

The main commodity currency has fallen from 1.0500 to trade 1.0350 and the KIWI below 0.8400 after testing 0.8600. Fear and instability always test risk markets and terrorism on American soil will scare many. It is not hard to guess the source.

Developments will determine the direction of markets, short term, but the fundamentals will probably enhance these instabilities. May is on the way!

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.


by Collinson FX

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=108682

10:01 PM Sat 20 Apr 2013GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
2011 Collinson & Co

Related News Stories:

19 Apr 2013  Collinson FX Market Commentary: April 19, 2013 - Equities tumble more
18 Apr 2013  Collinson FX Market Commentary: April 18, 2013 - Risk appetite wanes
17 Apr 2013  Collinson FX Market Commentary: April 17, 2013 - Bomb hits markets
12 Apr 2013  Collinson FX Market Commentary: April 12, 2013 - KIWI gains more
11 Apr 2013  Collinson FX Market Commentary: April 11, 2013 - Equity bubble expands
10 Apr 2013  Collinson FX Market Commentary: April 10, 2013 - Confidence sky high
09 Apr 2013  Collinson FX Market Commentary: April 9, 2013 - KIWI fares well
07 Apr 2013  Collinson FX Market Commentary: April 5, 2013 - KIWI holds ground
04 Apr 2013  Collinson FX Market Commentary: April 4, 2013 - The KIWI above 84c
03 Apr 2013  Collinson FX Market Commentary: April 3, 2013 - Equities' virgin land
MORE STORIES ...




News - USA and the World

America's Cup: Five Challengers sign-on for 35th Match by Richard Gladwell/Sail-World.com/nz,




















AWT Quatro Desert Showdown at Punta San Carlos by American Windsurfing Tour,
















America's Cup: Rod Davis - Time for a change after ten years with team *Feature by Richard Gladwell/Sail-World.com/nz,








Maxi yacht rendezvous this September in Sardinia by International Maxi Association,




















America's Cup: Team NZ wish Davis well with new team *Feature by Richard Gladwell, Sail-world.com/nz,


Fisher's View: Sailing perfection at Hamilton Island- Day 3
Roble and Wilson still number one match racers in the U.S.
2014 Formula Kite World Championship Day 1
IFDS World Championship - Day 1 images by Jude Robertson
Volvo Ocean Race: Forget the f-word - Team SCA profiled
52 Super Series - Fleet grows, 2015 dates revealed
420 and 470 Junior Europeans - Teams from 9 nations on the podium
IFDS Worlds - Former president presented with ISAF awards medal
Nanjing Youth Olympic Games - Improvements aplenty in Byte CII fleets
America's Cup: New Zealand loses top coach to Artemis Racing
Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature
Sevenstar Round Britain and Ireland Race Day 9 - Swish on record pace
2014 CORK Olympic Classes Regatta - Day 3
2014 Nanjing Youth Olympic Games - Day 2
2014 IFDS World Championship: Opening Ceremony images
Opera House Cup - Images by Ingrid Abery
Teams descend upon Cowes for inaugural J/111 World Championships
Hamilton Island Race Week: Everywhere there's smiley people
IFDS World Championships - US Paralympic hopefuls ready for racing
Sopot Match Race - Poland's Tour debut deemed a triumph
Vineyard Race celebrates 80th running of the East Coast classic   
Nanjing Youth Olympic Games: Young sailors begin racing on Lake Jinniu   
AWT Quatro Desert Showdown - Victory for Morgan Noireaux   
Sevenstar Round Britain and Ireland Race - Day 8: Test of endurance   
Bart's Bash: Over 2300 entered from 588 yacht clubs - Join here   
Halifax ready to welcome the world at 2014 IFDS World Championships   
RC44 World Championship title to Bronenosec + Video   
Audi Hamilton Island Race Week: Day 2 Images by Crosbie Lorimer   
IFDS Worlds - Gary Jobson to attend opening ceremonies   
Melges 32 U.S. National Championship - Dalton DeVos crowned champion   
2014 Nanjing Youth Olympic Games trailer   
2014 Chicago Grand Slam - Canfield wins   
Round Britain and Ireland Race - Varuna takes overall lead   
Audi Hamilton Island Race Week; Crosbie Lorimer Day 1 Images   
Fisher's View: Hamilton Island Race Week - Day 1 - Stayin' Alive   
CORK Olympic Classes Regatta 2014 - Day one   
Youth Olympics: practice over, athletes welcomed, time for YOG sailing   
Round Britain and Ireland Race - Record for Artemis-Team Endeavour   
2014 Melges 32 U.S. National Championship - Day 2   
Sevenstar Round Britain and Ireland: Artemis sets fourth course record   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News





Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL VIR US
LocalAds   DE  ES  FR  IT