sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: April 24, 2013 - Twitter hack strikes
Collinson FX Market Commentary: April 24, 2013 - Twitter hack strikes


'Charleston - 2013 Auckland Cup, Day 3'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: April 24, 2013

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

Markets recovered as the bulls assumed control again with Bernanke providing all the necessary support.

Markets were frightened earlier when AP Tweets were hacked sending out a false report of explosions at the Whitehouse. Markets tumbled into negative territory but quickly recovered when the scam was uncovered.

Earlier Asian markets were lower with weaker HSBC flash PMI for China, revealed lower Manufacturing than expected. European markets shook this off with stronger PMI data from France. Equities thrive on the excesses of Central Bank largesse while currency values are eroded.

The EUR dropped below 1.3000 and the GBP to 1.5240. New Home Sales in the US recovered, rising 1.5%, and giving some economic support to the equity rally. The DOW looks set to have a go at the 15,000 mark before the May correction hits markets.

The AUD has suffered the risk aversion trade but is trying to consolidate around 1.0250 with the Leading Index rising by 0.3%. The KIWI is testing 0.8400 on the downside and both commodity currencies are vulnerable to rising equity risks.

Farr 1020 - 2013 Auckland Cup, Day 3 -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: April 23, 2013

Equity markets were flat again to open the new week with the bulls attempting to get the car back on the road. Liquidity still flows thick and fast from the Fed, BoJ and ECB fueling the bubble in equities, although signs of the commodity bubble deflation is upon us and is sending nervous jitters through equities investors.

The endless cash printed by Central Banks has funded a massive move to equities and made the Investor class rich. Main Street has not had the spare cash to invest as living costs have been spiraling despite the lack of ‘measured inflation’. The EU has been imposing austerity as the single currency prevents market mechanisms righting the ship but this has been largely unsuccessful as growth has contracted and debt has continued to overwhelm many. Debt/GDP has now climbed to 90.6% from 87.3% for the whole Eurozone.

This should strike a warning bell if not flat out panic. The Central Bank corruption of currencies has funded the debt binge and now they cannot return to real interest rates as the service of debt would be impossible! In the US, the Chicago Fed National Activity Index contracted further than expected and Existing Home Sales fell 0.6%, reaffirming the weakness in economic data. The fear will spread as May approaches and reality hits home.

Commodity currencies continue to soften with the AUD 1.0265 and the KIWI 0.8400 as risk appetite continues to decline. It would pay to be very vigilant and square to short over the next week or so.

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=108755

9:32 PM Tue 23 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:

23 Apr 2013  Collinson FX Market Commentary: April 23, 2013 - Bulls try hard
21 Apr 2013  Collinson FX Market Commentary: April 20, 2013 - Week closes quietly
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
MORE STORIES ...




News - USA and the World





ISAF Sailing Worlds, Santander - Strong competition for RS:X fleets by Olga Maslivets, International RS:X Class Assoc.,


































470 Men and Women Worlds - Game on for Olympic Qualification by 470 International Association Class,












A complete recap of the most successful Melges 20 World Championship by International Audi Melges 20 Class Association,




ISAF Santander - Upwards path for Austrian women's 470 crew + video by Luissa Smith, International 470 Class Association,












ISAF Sailing World Championships - Day 4 images from Santander
ISAF Sailing Worlds, Santander: Emerging Nations Program sailors shine
ISAF Sailing Worlds, Santander - Teasing winds play havoc on day 4
ISAF Sailing World Championships: Hot conditions in Santander on day 4
Santander ISAF Sailing World Championships joins Bart’s Bash
PWA Cold Hawaii World Cup - Grounded fishing boat creates problems
Marseille One Design - GC32 Armin Strom Sailing Team emerge victorious
Rolex Big Boat Series 2014 - Ready for another 50 years
2014 Rolex Big Boat Series - Farr 40 Day 4
2014 Rolex Swan Cup - Eleventh-hour victories
Extreme Sailing Series - Kiwis clinch Act win in Istanbul + Video
2014 Rolex Big Boat Series - Two long races today for the J70 fleet
2014 Rolex Big Boat Series - Impressive to sail out of the Golden Gate
Extreme Sailing Series - Istanbul delivers four days of great racing
ISAF Sailing Worlds Santander - Day 3 images by Sail-World.com
Extreme Sailing Series: Emirates Team NZ bounces back for series win
Santander 2014 ISAF Worlds - Light winds and current test six classes
ISAF Sailing World Championships - Solid Day 3 for US Sailing Team
ISAF Sailing World Championships - Day 3 images by Jesus Renedo
Marseille One Design 2014 - GC32 Armin Strom blitzes final day
Volvo Ocean Race 2014-15 - Una Etapa 0 complicada para todos   
Santander 49ers: Olympic Gold Medallist says two into 90 does not go!! *Feature   
GBR aiming for first ever Nacra 17 Games berth at Santander Worlds   
Volvo Ocean Race: Man and sail overboard as Leg 0 serves up drama   
ISAF Sailing World Championships Santander 2014 – Images by Dan Ibsen   
Santander Worlds – already a spectator success   
ISAF Sailing World Championships Santander 2014 - Day 3 morning report   
Volvo Ocean Race 2014-15 - Tales from the extreme   
Volvo Ocean Race: Latest starter wins opening race   
2014 J/70 World Championship - Healy, Abdullah, Becker and Borges win   
2014 Rolex Big Boat Series - Full-blown, once again   
ISAF Worlds - Americans jump up Laser and Laser Radial leaderboard   
2014 Rolex Big Boat Series - Farr 40 Day 3   
ISAF Sailing World Championships - Day 2 images from Sail-World.com   
America's Cup: Luna Rossa sailing with two foiling AC45's + Video   
Extreme Sailing: Emirates Team NZ retain second overall   
ISAF Sailing Worlds, Santander - Rio Olympic Laser spots snapped up   
Rolex Swan Cup - All set for final showdown   
Upper Midwest sailors need help to take it to the next level   
ISAF Sailing World Championships - RS:X action begins in Santander   


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 NEW US
LocalAds   DE  ES  FR  IT