sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: December 13, 2012 - Confidence surges
Collinson FX Market Commentary: December 13, 2012 - Confidence surges

'Image of the Day Gus having a moment - Ka Sail Vic Moth Grand Prix – Round 3'    Cherrie Owen-Smith    Click Here to view large photo

Collinson FX market Commentary: December 13, 2012

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

The big news of the day was the Fed's moves to extend and expand QE infinity. The Fed has decided to replace Operation Twist with further Security purchases to the tune of $45 Billion/month.

This is in addition to QE Infinity which was $40 Billion/month. Bernanke also decided to link the QE to Inflation and Unemployment targets of 2.5% and 6.5% respectively. The immediate effect of this plan is to expand the Balance Sheet to an unprecedented $4 Trillion! Markets, already flooded with cash, reacted accordingly with equities rising and the Dollar falling.

The EUR rallied to 1.3080 and the GBP 1.6150. The Unemployment target may lock the Fed into permanent money printing which will have disastrous repercussions long term. Bernanke has succeeding in eroding US wealth as the value of the USD has been completely undermined and begs for further adjustment. The sheer volume of liquidity has left little alternative for investors who receive nothing from interest rate investments and pushes them to the Equity bubble.

Commodities naturally increase as they are measured in Dollar terms which is being flushed down the toilet. This supported further rallies in the AUD to 1.0550 and the KIWI up to 0.8430. Equities, Commodities and currency moves should all be taken in perspective relative to the mortally wounded reserve currency.

Confidence surges but for all the wrong reasons. The Fed's policy is unprecedented and as a result of the dire state of the US economy so is this a reason to take risk?

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
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=104669

11:23 AM Thu 13 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:

12 Dec 2012  Collinson FX Market Commentary: December 12, 2012 - Xmas rally stays
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
MORE STORIES ...




News - USA and the World

Barcelona World Race - Unseasonal sunshine by Barcelona World Race Media
In the Barcelona World Race Cheminées Poujoulat has passed the Kerguelen Islands as Bernard Stamm and Jean Le Cam continue to lead the Southern Ocean charge. The duo were just over 300 miles north of the largest island of Kerguelen at 1400hrs this afternoon. ... [more]  

The International Paralympic Committee (IPC) has announced that the Tokyo 2020 Paralympic Games will feature 22 sports, with badminton and taekwondo included for the first time but the shock news is that sailing will not be a 2020 Paralympic sport. ... [more]  

The Gold medals have been decided in four events on Day 5 of the ISAF World Sailing Cup Miami. Finn sailor Giles Scott (GBR), is not the only one guaranteed to finish in a gold medal position tomorrow. Nacra 17 team Vittorio Bissaro and Silvia Sicouri (ITA), Women’s RS:X dominator Bryony Shaw (GBR) and the breakaway 49erFX Kiwis, Alex Maloney and Molly Meech (NZL) join him with gold in the bag. ... [more]  

VX One Midwinter Championship Day 1 by Christopher E. Howell
In the VX One Midwinter Championship, hosted by Sarasota Sailing Squadron, three races were completed today for 28 teams competing in Florida. ... [more]  

Day five of ISAF Sailing World Cup Miami, Presented by Sunbrella, saw the stage set for the Saturday’s medal races in the Olympic classes, while on the Paralympic side US Sailing Team Sperry athletes Rick Doerr (Clifton, N.J), Brad Kendell (Tampa, Fla.) and Hugh Freund (South Freeport, Maine) secured a silver medal in the three-person Sonar. ... [more]  

2014 - 2015 Barcelona World Race - After a month of racing, the Barcelona World Race fleet is through into the Southern Ocean. As is often the case, the distances between the boats have widened as they’ve entered the Roaring Forties. The leading crews, who were first to hit the strong winds of the southern latitudes, had a great opportunity to make good their escape. ... [more]  

2015 ISAF Sailing World Cup Miami - Giles Scott (GBR) has assured himself his first victory of the year after two more races were sailed Friday in the lightest winds of the week at the Sailing World Cup Miami. He now sits 23 points ahead of Ivan Kljakovic Gaspic (CRO), who had the best day to rise from fourth to second. Ioannis Mitakis (GRE) is third, just one point further back. ... [more]  

Barcelona World Race - The gaps widen by Barcelona World Race
Barcelona World Race - Another landmark will be ticked off tomorrow for Barcelona World Race leaders Cheminées Poujoulat when they sail north of the lonely Kerguelen Islands. ... [more]  

2015 ISAF Sailing World Cup Miami - Day 5 photos provided by Ocean Images. ... [more]  

GC32 Racing Tour - The future of sailing is, quite literally, flying. The catamarans that soared above the waves in the 2013 America’s Cup in San Francsco have taken the sailing world by storm. The boats have revolutionised sailing technology and competition, giving rise to the creation of new classes. ... [more]  

The Royal Ocean Racing Club is pleased to announce its partnership with Gill North America as official crew merchandise provider for the seventh edition of the RORC Caribbean 600, starting in Antigua on Monday 23 February. ... [more]  

American Windsurfing Tour - The Goya Pro Cabo Verde is shaping up to be the latest AWT edition of the ‘Clash of the Titans.’ The mega stars of windsurfing are currently tuning up their gear, and making final adjustments before the long journey to the remote island of Sal, Cabo Verde. ... [more]  

The second Annual Antigua Dragon Yacht Club Challenge will be hosted by Harmony Hall Yacht Club, with the support of the Antigua Yacht Club Marina and the Inn at English Harbour, with nine races scheduled to take place over five days in fantastic Caribbean conditions on identical Petticrow Dragons. ... [more]  

Roger Hickman skipper of Rolex Sydney Hobart Yacht Race IRC winner Wild Rose sat down with Geoff Waller of www.boatson.tv and described just what went into his boat winning the 2014 Rolex Sydney Hobart Yacht Race. His was a 'full-on' race (with dramatic 'on-board' video) which included a knock-down, broken steering, a wild 'Chinese gybe', storms and only a small amount of blood spilt. ... [more]  

The world’s elite sailors are preparing to meet in Singapore for the opening Act of the 2015 Extreme Sailing Series™, which is set to bring the world famous Marina Bay alive with its pioneering Stadium Racing concept. With the transfer window now closed, some new players will enter the arena as the Series launches into its ninth season, with continued support of Series Main Partner Land Rover. ... [more]  

2015 ISAF Sailing World Cup Miami - Day 4 photos provided by Ocean Images. ... [more]  

2014 - 2015 Barcelona World Race - No scape south because of South Indian Ocean Antarctic Exclusion Zone means a painful wait for Anna Corbella and Gérard Marin on GAES Centros Auditivos. ... [more]  

The expansion of sailing into so-called developing countries, continues at the ISAF Sailing World Cup, Miami, with newly embraced Cuba joining the 64 nation line-up encompassing 600 boats. The 2015 fleet on Biscayne Bay is a record turnout, for this second event on the 2015 Sailing World Cup Circuit ... [more]  

Day 4 of ISAF Sailing World Cup Miami 2015, Presented by Sunbrella, saw the US Sailing Team Sperry make steady gains in the Laser and Laser Radial classes as gold fleet racing approaches its conclusion. In the Sonar, Rick Doerr (Clifton, N.J), Brad Kendell (Tampa, Fla.) and Hugh Freund (South Freeport, Maine) will go for gold tomorrow in the final day of Paralympic racing. ... [more]  

At exactly 00:01 on the 29th January 2015, TeamVestas?' VO65 left VTE - Voltri Terminal Europa en route to Persico Marine in the foothills of the Italian Alps. The boat is now safely secured in a purpose-built facility near Bergamo, awaiting full assessment and the beginning of the repair process. ... [more]  

ISAF Sailing World Cup Miami Day 3 - There's a world of difference between skiing a long, smooth run and skiing on moguls. Today, forget the waves, it was the breeze on Biscayne Bay that was 'moguls.' Shift upon shift upon shift upon shift. ... [more]  

Ioannis Mitakis (GRE), the 2012 Finn European Champion, ruled the roost in Miami today with two emphatic race wins and moves up to third overall. Giles Scott (GBR) sailed his worst day so far, but still leads with a five point gap on Jake Lilley, and 12 points over Mitakis as the event reaches its half way stage. ... [more]  

The International DN Ice Yacht World and North American Championships are being held in Kingston, Ontario (right in front of our office). For the Kingston Yacht Club, we skated out to the middle of the lake, and put together a little highlight piece for them to remember the event by. ... [more]  

Doyle Sails had more success last weekend in the Auckland Optimist Championships, taking first and second overall in the 110 strong Open fleet. Six countries were represented in the event, and young sailors came the length of New Zealand to compete in the regatta that is a ranking event for World and International team selection. ... [more]  

EFG's Star Winter Series rules in Biscayne Bay by Connie Bischoff, Miami, FL
The third Star Winter Series presented by EFG (SWS) and hosted by Miami’s Biscayne Bay was a shining success. Not only have all five regattas had stronger participation than last year but the final one, the Mid Winters, grew 35% with 45% of the sailors international (CAN, SWE, BRA, UKR, ARG, ITA and GER). ... [more]  

2015 ISAF Sailing World Cup Miami - Day 3 photos provided by Ocean Images. ... [more]  

Day 3 of ISAF Sailing World Cup Miami, Presented by Sunbrella marked the midpoint of North America’s biggest Olympic and Paralympic classes regatta. With bright sunshine and fresh breeze in abundance, the world’s top athletes in 13 classes were treated to the conditions that exemplify why Miami is a preferred international sailing destination. ... [more]  

It was windshift upon windshift upon shift upon windshift on Day 3 of the ISAF World Sailing Cup Miami sailed on Biscayne Bay Presented by Sunbrella, the premier regatta has attracted 599 boats and 768 sailors who were adjusting all day to one thing or another. If it wasn't the wind direction that was changing, it was the wind speed. ... [more]  

Following the success of the Mount Gay Round Barbados Race Series that concluded last week, the dates of next year’s event have been confirmed for 16-24 January 2016. With overseas competitors from 11 nations represented a large part of the 47-strong fleet overall at the 2015 event ... [more]  

Ben Ainslie Racing, the British Challenger for the 35th America's Cup, have shipped two foiling Nacra 20 catamarans to Bermuda and have become the first team to commence sailing operations at the Venue for the next Cup. The team conducted an initial training camp in Bermuda, last week. ... [more]  

North U kicked off its 2015 season of youth match racing clinics around the U.S. with a successful clinic hosted by the Texas Corinthian Yacht Club in Kemah, Texas on Galveston Bay near Houston. Forty high school and college sailors spent two-and-a-half days learning about match racing and training in Sonars on flat water and 6-12 knots of breeze. ... [more]  

A fantastic week of sunshine, warm weather, big breeze and competitive sailing is what sailors were treated to last week in Key West. Several Canadians left the bitter cold of the north to partake in the fun filled week and a few even brought home trophies. Here's a peek at the fun in the sun! ... [more]  

At ISAF Sailing World Cup Miami, presented by Sunbrella, if the Chamber of Commerce had stayed up all night working at it, they could not have served up a better day for racing. ... [more]  

ISAF Sailing World Cup Miami - US Sailing team on Day 2
Announcing the second Annual Antigua Dragon Yacht Club Challenge
Volvo Ocean Race: Dongfeng - History, Joy and Tears
18ft Skiffs NSW Championship: Images from Race 4
Barcelona World Race: Conrad and Nandor’s 'No Good Very Bad Day!'
2015 ISAF Sailing World Cup Miami- Photos by Ocean Images
2015 ISAF Sailing World Cup Miami images by Ingrid Abery
ISAF Sailing World Cup Miami - Aussie Finn sailors charge on day 2
Pineapple Cup – Montego Bay Race - In for a blast
2015 VX One Midwinters action is heating up
America's Cup: Oracle crew mate lodges ISAF complaint against Tienpont
Volvo Ocean Race: A warm and colorful welcome for Team SCA into Sanya
Touch2Play at Key West Race Week
Barcelona World Race leaders split paths
Tokyo 2020 Paralympic Games - Final line-up to be announced
ISAF Sailing World Cup Miami Day 1 - Brits off to a flying start
ISAF Sailing World Cup Miami - Tough Day 1 + Video
ISAF Sailing World Cup Miami - Tough Day 1 + Video
RC44 World Championship Leg 1 - RC44 Valletta Cup preview
ISAF Sailing World Cup Miami - US Sailing Team Day 1
ISAF Sailing World Cup Miami -Finn class -testing conditions on Day 1   
ISAF Olympic classes regatta Miami 2015 images by Ingrid Abery   
Volvo Ocean Race: Team Alvimedica wins first podium place in Sanya   
Volvo Ocean Race: Dongfeng scores historic victory for China   
Volvo Ocean Race: Dongfeng release first DroneCam video from Leg 3   
Volvo Ocean Race: Chinese team set historic first with home port win   
Volvo Ocean Race: Team Vestas Wind arrives on time in Genoa + Video   
America's Cup - Virgin considers backing Ben Ainslie, BAR   
Bell's Beer Bayview Mackinac Race - Changes   
Alpari World Match Racing Tour - Monsoon Cup preview   
Barcelona World Race - A game of chase   
Quantum Key West Race Week: Four GC32's make spectacular USA debut   
Volvo Ocean Race – Frostad says Caudrelier proving them wrong *Feature   
Volvo Ocean Race - Last day drag race to Sanya   
Volvo Ocean Race Leg 3 - Tense onboard Abu Dhabi Ocean Racing   
Volvo Ocean Race Leg 3 - Dongfeng Race Team pushing hard!   
Volvo Ocean Race: Leg 3 Finish - Video - Delayed feed   
2015 ISAF Sailing World Cup Miami - Countdown begins   
Volvo Ocean Race: Donfeng set to create a piece of sailing history   
Barcelona World Race - First of the iconic Great Capes has been passed   


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