sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: August 16, 2013 - US Recovery underway
Collinson FX Market Commentary: August 16, 2013 - US Recovery underway


'Josh Junior before the start of the Finns - Day 4, Oceanbridge Sail Auckland 2013'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: August 16, 2013

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

US Jobless fell and inflation is on the rise supporting the view that the economic recovery is underway and the time for QE Infinity may be coming to an end.

The NAHB House Market Index rose but Industrial Production was flat showing the recovery is far from robust. The EUR traded 1.3330 and the GBP back to 1.5640 after Retail Sales jumped 3%. The reduction in Central Bank stimulus has been a trigger for a major adjustment in equities and this looks set to continue as Bernanke begins to repair the Fed's balance sheet. Commodities continue to benefit the perceived economic recovery in Europe and the US and this is feeding through to the associated currencies.

The AUD has moved back to 0.9150 and the KIWI pushing 0.8060 after a rise in Consumer Confidence.

The tapering envisioned for next month continues to drive equity and currency markets and economic news can be taken either way.

Mens 49er - Day 4, Oceanbridge Sail Auckland 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: August 15, 2013

The canary in the mine-shaft that is bonds, is starting to tweet and not the technology kind! A surge in Bond yields yesterday has sent a warning signal to markets which is being heeded.

QE Infinity is looking at modification in terms of 'tapering' as economic conditions improve. The Fed has frightened Bulls in the equity markets as this has been the source of global growth. Tepid economic improvement may signal the end of monetary stimulus but the underlying issues not only remain but have been aggravated by Central Bank largesse. Deficits and Debt have both continued to expand at insurmountable levels across Europe and the US and the piper needs to be paid!

French GDP turned positive, ripping the economy out of the 'double-dip' recession, and German growth also confirmed a positive. This is a good sign, although EU GDP remains negative and mired in recession. Hard to say how, with the single currency and ECB!? The EUR fell to 1.3250 but the GBP recovered to 1.5500 after positive growth and employment conditions improved. Commodities rallied with the growth news from Europe and general improvement in global economic conditions and this propped the Aud up to 0.9135 and the KIWI back above 0.8000.

NZ Retail Sales improved 1.7%, as Housing increases equity wealth and corresponding perceptions of wealth. The Housing bubble is fuelled by simple supply and demand and not positive economic conditions.

The Aussie will suffer volatility during the next few election weeks, with a surge in confidence coming from a conservative victory. A word of caution in terms of 'buy the rumour....' as the incoming Tories will have a total mess to clean up when the books are opened. Socialists are great at spending other peoples money!

49er - Day 4, Oceanbridge Sail Auckland 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: August 14, 2013

Asian and European equity markets rebounded strongly after some good economic news with the important ZEW Economic Sentiment report surging in Germany and across the EU. Equities fed off the good news but this did not translate so aggressively to US markets.

Equities were positive with the NFIB Small Business Optimism report up but Retail Sales missing expectations. Retail Sales grew 0.2% but markets were expecting better. This dampened the need for tapering so the market rallied. 10 year US Bonds jumped 10 points to trade 2.73% which is a warning sign!

The US Dollar strengthened with QE tapering prospects pushing the EUR down to 1.3250 and the GBP 1.5440. Commodities booked gains but not enough to arrest the rise in the Dollar. The AUD slipped back to 0.9090 and the KIWI below the big, big figure, to trade 0.7950.

Markets will continue to trade the 'tapering trade' and the impact of economic data on Central bank future action. Housing data in the US will now assume centre stage

:
Mixed Multihull - Day 4, Oceanbridge Sail Auckland 2013  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: August 13, 2013

Equities markets remained weak, with little economic data released from local markets who are looking towards Retail Sales tomorrow and Housing later in the week. The Dollar is creeping back up, as tapering becomes a more accepted reality.

The EUR drifted back to 1.3300 and the GBP back to 1.5475. Asian markets were not overly confident after Japanese GDP missed expectations rising 2.6%, well below the 3.6% expected. Japanese Monetary stimulus has been huge and the rebuild has boosted local markets but this decline in the rate of growth is a bit of a shock and will rattle the bulls. Asian markets have been the driver of commodity demand and these declines do nothing to support resurgent associated currencies.

The AUD slipped back to 0.9150 and the KIWI held 0.8000, with some strong housing data. House Sales rose 14.7% but prices declined 0.5% in a runaway market. US markets will be looking closely at consumer demand and the impact economic news will have on Central Bank policy.

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=113270

10:56 AM Fri 16 Aug 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:

16 Aug 2013  Collinson FX Market Commentary: August 15, 2013 - The canary tweets
15 Aug 2013  Collinson FX Market Commentary: August 14, 2013 - US up others slide
13 Aug 2013  Collinson FX Market Commentary: August 13, 2013 - AUD drops KIWI holds
10 Aug 2013  Collinson FX Market Commentary: August 10, 2013 - AUD shoots high
09 Aug 2013  Collinson FX Market Commentary: August 9, 2013 - Kiwi close to break
07 Aug 2013  Collinson FX Market Commentary: August 7, 2013 - KIWI recovers
06 Aug 2013  Collinson FX Market Commentary: August 6, 2013 - Fonterra fallout
05 Aug 2013  Collinson FX Market Commentary: August 5, 2013 - KIWI drops
02 Aug 2013  Collinson FX Market Commentary: August 2, 2013 - ANZAC's dragged down
01 Aug 2013  Collinson FX Market Commentary: August 1, 2013 - AUD slides further
MORE STORIES ...




News - USA and the World









420 World Championship - Singapore and Spain out front by 420 International Class Association,






























Lightning strikes cut short CFJ Nationals by Andy Kopetzky, Santa Monica Bay


















America's Cup: Group agrees to co-operate in London Meeting by Richard Gladwell/Sail-World.com/nz,










Help clean up the sailing water at Rio - Image Gallery
America's Cup: Alameda makes overtures on Venue hosting for San Fran *Feature
Cape Panwa Hotel Phuket Race Week 2014 - Relishing a challenge
Edgartown Race Weekend - BBBR and Round-the-Island Race winners named
Etchells Invitational Cup - Aussies take early lead in Cowes
PWA Fuerteventura Grand Slam - Antoine Albeau strikes back on day 4
Aquece Rio – International Sailing Regatta - All set for test event
ISAF World Sailing Rankings for 28 July 2014
29er World Championship - All set in Kingston
ORC World Championship - Third Course area opens for huge fleet
Day one of the Allen RS Feva World Championships
Anna Tunnicliffe On the Final two days of the Reebok CrossFit Games
Joachim Aschenbrenner takes gold at ISAF Youth Match Race Worlds 2014
Maxi Soh scores double wins in CMRC Summer Doubleheader
29er World Championship opening ceremonies in Confederation Park
PWA Fuerteventura Grand Slam - Action resumes on day 3
Land Rover Sydney Gold Coast Yacht Race Start 2014 VIDEO
Laser Radial Men’s World Championship 2014- Final day
2014 Pacific Cup - Scarlet Runner wins
Gladwell's Line: America's Cup - Joint Statement is a curious note *Feature
ISAF Youth Match Racing World Champ - Top four battle it out for final   
BIC Techno 293 Worlds 2014 - Day 6   
PWA Fuerteventura Grand Slam - Wind teases competitors on day 2   
Women’s Match Race Golfe du Morbihan - Action-packed day of racing   
Herreshoff Marine Museum announces successful fundraising campaign   
Brewin Dolphin Commodores' Cup - The most comprehensive victory yet   
Anna Tunnicliffe holds fourth at mid-point of Reebok CrossFit Games   
2014 29er North American Open Championship - Australians win   
INSA Sabot II Invitational Regatta - Erik Hou claims victory   
CMRC Summer Invitational Series - Maxi Soh wins Doubleheader A event   
International Moth World Championships - Nathan Outteridge wins   
International Moth Worlds - Victory for Nathan Outteridge + Video   
PWA Fuerteventura Grand Slam - First blood to Toselli and Angulo   
Melges 24 Nationals - Record entries for 2014 and 2015 venue revealed   
Women’s Match Race Golfe du Morbihan - Anna Kjellberg claims the lead   
Jessica Uniack Memorial Beach to Bay Race at Long Beach YC   
Laser Radial Men’s World Championship - Poland tops the leaderboard   
America's Cup - Four teams confirm full support regardless of venue   
Plastic Classic takes place at Mariposa Hunters Point YC   
Six Metre European Championship - No champion declared for 2014   


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