sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: August 29, 2013 - War stops Kiwi drops
Collinson FX Market Commentary: August 29, 2013 - War stops Kiwi drops


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

Collinson FX market Commentary: August 29, 2013

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

Markets recovered after initial fears of war subsided. It appears that Obama will use the toys that the American people gave him to back up an off the cuff 'red line' remark.

The US President had drawn a line in the sand and now needs to retaliate. This will not be a war and he will surgically target his retribution. He is not a warrior and he will not sanction war despite the 100,000+ people already killed in the civil war.

The Russians and Iranians have some stomach despite their military deficiencies.

Markets have recognised the limited action and recovered with little action in the FX market. The EUR traded around 1.3340 and the GBP 1.5530. Oil remained high and Gold bid, but this has not affected the AUD which has dropped below .8900 before recovering to 0.8910.

The KIWI has reflected risk and fallen back to below 0.7800. Uncertainty from the Middle East will impact and subvert markets so risk assets will be negatively affected.

February 5,2013 SAilAuckland (20) - Day 4, Oceanbridge Sail Auckland 2013  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: August 28, 2013
Geopolitical events overwhelmed Central Bank activity and daily economic releases. US equities crashed with the impending military action against the Syrian regime. Chemical weapons may prove the trigger for the West to finally act to prevent a genocidal nation destroying its own people.

This has overshadowed the fixation with Central Bank activity and overwhelmed equity markets, who do not like war. Currencies remained steady with the EUR trading 1.3380 and the GBP 1.5540. US Consumer Confidence rose and the Richmond Fed Activity Index also beat expectations providing solid improvement in economic data releases but these were largely ignored due to international military activity.

The Case-Shiller Home Price Index also booked gains of over 12% and economic conditions continue to improve increasing the likelihood of tapering next month.Turmoil internationally does not assist risk sentiment and the AUD has now slipped below 0.9000.

The KIWI's recent weakness is manifesting, trading below 0.7800. Action aplenty in the Middle East has added further variables into the mix and markets hate uncertainty!

420 heads upwind in the white water - Day 4, Oceanbridge Sail Auckland 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: August 27, 2013

The Feds tapering program is again under scrutiny with data dependence the determinant and deteriorating economic reports conflicting with the introduction. Durable Goods Orders fell 7.3%, more than expected, and does not bode well for the Feds perception of the economic recovery and thus the reduction of QE Infinity.

The Housing data tonight will be a litmus test and any erosion of confidence may delay further talk of reduction in stimulus. The Dallas Fed Activity reported an improvement but economic data will be crucial during this week.

The EUR remained steady at 1.3375 and the GBP 1.5575. Commodities continue to drift and weakening trade data in NZ has confirmed a growth in Imports without any corresponding rise in Exports. The extension of credit and a booming Housing Market may be driving the consumer but reversing recently improving trade numbers.

The KIWI trades 0.7830 and below 0.8700 in the cross with the AUD. The AUD has held 0.9000 and awaits directional impetus from the US Central Bank.

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=113794

1:19 PM Thu 29 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:

29 Aug 2013  Collinson FX Market Commentary: August 28, 2013 - War talk crash
28 Aug 2013  Collinson FX Market Commentary: August 27, 2013 - NZ numbers not good
25 Aug 2013  Collinson FX Market Commentary: August 24, 2013 - Back to the Future
24 Aug 2013  Collinson FX Market Commentary: August 23, 2013 - NASDAQ turmoil
23 Aug 2013  Collinson FX Market Commentary: August 22, 2013 - Kiwi drops to .78
21 Aug 2013  Collinson FX Market Commentary: August 21, 2013 - Asian tumble
20 Aug 2013  Collinson FX Market Commentary: August 20, 2013 - Momentum continues
16 Aug 2013  Collinson FX Market Commentary: August 16, 2013 - US Recovery underway
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
MORE STORIES ...




News - USA and the World





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




































2014 Pacific Cup - Scarlet Runner wins by Vanessa Yates, Hawaii


























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
BIC Techno 293 Worlds 2014 - Day 4
PWA Fuerteventura Grand Slam on the horizon
Rolex Big Boat Series - Golden Jubilee to take place this September
DH Pacific Cup - Running with the pack + Video
Women's Match Race Golfe du Morbihan - Testing day in Vannes
Brewin Dolphin Commodores' Cup - Ireland establishes solid lead
International Moth Worlds: Outteridge charges into the lead + Video
Marina Rubicón Round Canary Islands Race - First blood to Team Brunel
ISAF Youth Match Racing Worlds - Competition heats up on day 2   
Laser Radial World Championships - Competition aplenty on day 3 +Video   
Extreme Sailing Series - Penultimate Act to take place in Nice   
Leukemia Cup - Images by Leighton O'Connor   
Maxi Yacht Rolex Cup - Meeting of the grand designs   
29er North American Championship - Final series kicks off   
29er World Championship 2014 set to start in Kingston, Ontario   
Barcelona and Parnu chosen for 2015 ORC championship events   
2014 Race for Rady Yacht Race - Benefiting Rady Children’s hospital   
CMRC Summer Invitational Series - Doubleheader events start tomorrow   
BIC Techno 293 Worlds 2014 - Day 3   
Sailing through STEM Night at California YC   
Six Metre European Championship - High temps and little wind on day 3   
Women’s Match Race Golfe du Morbihan - Light wind opener in Vannes   
International Moth Worlds: Rashley ahead as Aussies close in   
Brewin Dolphin Commodores' Cup - Unsatisfactory conditions on day 4   
ISAF Youth Match Racing Worlds - American unbeatable on day 1   
RS Feva World Championships - All set at Yacht Club de Carnac   
ISAF Rolex World Sailor of the Year Awards - Nominations now open   
BIC Techno 293 Worlds - Steady winds on day 2 + Video   


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