sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: December 12, 2012 - Xmas rally stays
Collinson FX Market Commentary: December 12, 2012 - Xmas rally stays

'Image of the Day Bakewell-White designed supermaxi Lahana was second over the line today - 2012 SOLAS Big Boat Challenge'    Andrea Francolini ©

Collinson FX market Commentary: December 12, 2012

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

Equities continued the strong Christmas rally that began last week with confidence rising in Europe and the US.

In Germany the important ZEW Economic Sentiment Index rose 6.9 after large recent losses and low expectations. Eurogeddon seems less important now Christmas is upon us and Politicians disappear to important domestic matters.

In the US, the Fiscal Cliff loses emphasis as boredom sets in with Political antics rather than higher expectations. Leave the leaders to it as an unfavourable solution will be found, however unattractive. The US Trade deficit continued to increase and small business optimism also fell.

The EUR regained 1.3000 as confidence returns and the GBP 1.6115.

Storm clouds gather in Australia with Business confidence unexpectedly collapsing from -1 to -9. This can be seen as a direct result of deteriorating economic conditions with rising costs and increased regulation. This failed to impact the currency which rose to 1.0525 with global confidence.

The KIWI surged to 0.8385 as Homes Sales rose 24.1% and QV House Prices by 5.7%! This is a product of demand and low interest rates coupled with exhorbitantly high building costs rather than improving economic conditions. Political developments will continue to provide direction to markets.

Optimists head back up the ramp - Wakatere Boat Club -  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: December 11, 2012

Markets continued to rally, following last week's gains, with no bad news to drag them lower.

The 'Fiscal Cliff' negotiations continued to be aired publicly and with a growing feeling that Republicans will concede the momentum to the Democrats and allow tax rates to rise. There seems to be no serious attempt to address the budget/debt blowouts that are spiralling out of control. The past form of Obama is to come to a last minute deal which will be a desperate compromise and do little to address the fundamental issues.

This crisis will be averted until the next one arrives and establishes a trend of lurching from one crises to the next. Solving none but playing politics and winning. The day of reckoning is nigh! In Europe, the technocrat PM Monti has announced his resignation with another election to be called. The Lazarus, Silvio Burlesconi, is set to make yet another return!

The EUR was not aided by the news with the single currency slipping to 1.2930 and the GBP 1.6065. German Trade data reflected growth with both exports and Imports rising although Italian GDP continued to contract immersed in recession. Chinese Trade remained strong but the rate of growth slipped with demand dragging exports back to 2.9% from previous 11.6% growth. Japanese GDP contracted 0.9% pointing to a slow down in Asia which will impact commodity demand.

This failed to hit the AUD, which is testing 1.0500 once again and the KIWI that continues to defy gravity, trading just over 0.8300. Markets will continue to focus on Political developments in Europe and the US as negative data is now expected and has little impact on equities, commodities or currencies.

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=104622

7:45 PM Tue 11 Dec 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:

11 Dec 2012  Collinson FX Market Commentary: December 11, 2012 - Market rally
09 Dec 2012  Collinson FX Market Commentary: December 7, 2012 - NZD breaks 83c mark
06 Dec 2012  Collinson FX Market Commentary: December 6, 2012 - No change in NZ
05 Dec 2012  Collinson FX Market Commentary: December 5, 2012 - Equity markets flat
04 Dec 2012  Collinson FX Market Commentary: December 4, 2012 - Good news ex China
30 Nov 2012  Collinson FX Market Commentary: November 30, 2012 - EUR Markets quiet
29 Nov 2012  Collinson FX Market Commentary: November 29, 2012 - Market windshifts
28 Nov 2012  Collinson FX Market Commentary: November 28, 2012 - Good news from EUR
27 Nov 2012  Collinson FX Market Commentary: November 27, 2012 - Fiscal Cliff looms
24 Nov 2012  Collinson FX Market Commentary: November 23, 2012 - Surge in Equities
MORE STORIES ...




News - USA and the World

















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 by Bob Fisher, Hamilton Island, Queensland




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   
2014 Chicago Grand Slam - Top seeds survive as semi-finalists   
420 and 470 Junior Europeans - Breezy day 4 in Gdynia   


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