sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: August 18, 2012 - Markets flatline
Collinson FX Market Commentary: August 18, 2012 - Markets flatline

' Image of the Day Team Vodafone Sailing ORMA 60 - Audi Hamilton Island Race Week 2012, - Audi Hamilton Island Race Week 2012 day 2.'    Craig Greenhill - SaltWaterImages © Copyright

Collinson FX market Commentary: August 18, 2012

Markets remained flat for the week although closing up on extremely low volume making many nervous. The European debt crises fell from the headlines with Merkel endorsing Draghi's Bond Buying program.

Next week will see a summit between the major protagonists of Merkel and Hollande.

This is a clash of political philosophies of epic proportions but may need to be diplomatic and present a united front. The results will be unitary and conciliatory in the name of the EU or any divisions will be ruthlessly exploited by the markets.

The USD rallied on some improved economic data with the University of Michigan's Consumer Sentiment rising slightly. Leading Indicators also managed a gain of 0.4% boosting the Dollar and releasing some pressure on commodity prices. This has an impact on the corresponding currencies with the KIWI down to 0.8070 and the AUD taking a big figure hit.

The downward pressure seems to have triggered some short selling sentiment and may now look vulnerable on the downside with many predicting a major realignment! This week will focus on the European summit and housing data from the US.

Canada sailing in the 49ers on Day 9 of the 2012 Olympic Regatta in Weymouth -  Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: August 17, 2012

Angela Merkel travelled to Canada to discuss the EU debt crises with the PM,Stephen Harper, and reiterated her support for Draghi's Bond buying plan. This was enough to boost markets after moving sideways all week. Equities and Commodities both booked gains despite weak economic data.

In the US, manufacturing continued to slide with a further contraction of the Philly Fed Survey. Weekly Jobless Claims rose although mixed housing data gave some reason for hope. Building Permits rose 6.8% but the flow on was stunted with Housing Starts falling 1.1%.

The economic data dragged on the USD pushing the EUR to 1.2365 and commodity currencies north. The AUD broke above 1.0500 again with further supply issues boosting commodity prices. The KIWI also regained some lost ground with the severe US drought impacting soft commodities.

The NZD moved up to trade just under 0.8100. No real surprises are expected for the final trading day of the week so watch for further comments from political leaders to give direction.

In line with their country’s economic performance, Greece finished 20th in a 20 boat fleet in the 49er class in the 2012 Olympic Regatta -  Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: August 16, 27, 2012

Bad news has become good news as world markets stand on their head. Economic data has been nothing less than terrible revealing a story of recession in Europe and no solution to the debt/deficit crises. Growth has now confirmed the recession in Europe but the inability to confront the issues has resulted in a steady decline.

Economic data continues to deteriorate but the sheer lunacy of market expectations, in terms of Central Bank intervention, remains. The worse the crises deepens the higher the expectation of further monetary stimulus boosting markets!? The crazy situation is exemplified with hope revolving around liquidity and not fiscal consolidation. Stop spending more than you earn. Keynes was wrong!

In the US, markets remained steady in the calm before the storm. Industrial Production rose 0.6% and Manufacturing by 0.5% reflecting the relative improvement in the terms of trade. The New York Manufacturing Index fell, contradicting production data and sending mixed messages. The EUR traded below 1.2300 and sideway moves reflects the sentiment of market participants.

Commodities also showed little, with the AUD moving back above 1.0500 despite a fall in Consumer Confidence. The KIWI rallied back to 0.8070 in a tight trading range awaiting substantive eco-political news.
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=101115

7:10 PM Fri 17 Aug 2012GMT


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:

17 Aug 2012  Collinson FX Market Commentary: August 17, 2012 - No surprises
16 Aug 2012  Collinson FX Market Commentary: August 16, 2012 - Bad news turns good
28 Jul 2012  Collinson FX Market Commentary: July 27, 2012 - KIWI above 0.8100
25 Jul 2012  Collinson FX Market Commentary: July 25, 2012 - Negative credit watch
24 Jul 2012  Collinson FX Market Commentary: July 24, 2012 - Euros hit panic button
23 Jul 2012  Collinson FX Market Commentary: July 23, 2012 - KIWI drops under 0.80c
20 Jul 2012  Collinson FX Market Commentary: July 20, 2012 - The economic paradox
19 Jul 2012  Collinson FX Market Commentary: July 19, 2012 - Good news from USA
18 Jul 2012  Collinson FX Market Commentary: July 18, 2012 - US fiscal tax cliff
17 Jul 2012  Collinson FX Market Commentary: July 17, 2012 - Slow global growth
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,












America's Cup: Alameda makes overtures on Venue hosting for San Fran *Feature by Richard Gladwell/Sail-World.com/nz,






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   
J/Teams sail tough Chicago Mackinac Race   
Anna Tunnicliffe wins first event of Reebok Cross Fit Games + Video   
2014 Pacific Cup - Skill and luck required for victory   
Six Metre European Championship - Action resumes on day 4   


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