sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: December 5, 2012 - Equity markets flat
Collinson FX Market Commentary: December 5, 2012 - Equity markets flat

'Image of the Day Windsurfing Heaven - Phuket King’s Cup 2012'    Sail-World    Click Here to view large photo

Collinson FX market Commentary: December 5, 2012

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

Equity markets were flat overnight with no earth shattering news to move the needle. Obama rejected the Republicans offer for a deal on the Fiscal Cliff insisting that taxes be raised on upper income earners. The soap opera will continue until the last minute allowing a less than satisfactory result to be accepted as an emergency measure like all solutions under Obama.

Increased taxes and spending will come exasperating the already critical debt/deficit situation and driving the once great US towards socialist Europe. In Europe EU Finance Ministers met to slap another plaster on the gaping wound and the EUR traded 1.3090.

The Global Economic position did not fill the RBA with confidence as they cut rates to a record low emergency level. 3% is the level of rates post-GFC and reflects the RBA's view of Global demand with storms gathering in Europe and the US.

This had little impact on the currency which actually rose to 1.0475 as expectations were met. Look for Australian economic data to drive local markets today and Eco-Political developments in the US and Europe longer term.

Image of the Day Mariella - winners in the Classic Class at Les Voiles de St. Barth -  http://www.lesvoilesdesaintbarth.com/!©_Christophe_Jouany_- Les Voiles de St. Barth   Click Here to view large photo


Collinson FX market Commentary: December 4, 2012

China's Manufacturing rose with the PMI breaking above 50, showing expansion in the sector. This is good news for growth and demand. In Europe Greece announced a debt buy back program to reduce the crippling debt that is drowning the country and dragging the EU with it.

Merkel also hinted that the Germans may accept debt write-off into the mix which further boosts the bailout package. It also removes what little credibility the EU had in terms of the single currency and rules surrounding member nations. Merkel will pay a price politically in next years elections for Greek bailouts and could pay the ultimate political price. In the US, Manufacturing contracted with the ISM falling below the all-important 50 to 49.5! This surprised many bulls who have been talking the sector higher but is instead likely to signal a trend of poor economic indicators as the economy slips back in to recession.

Theatrics continue with the Fiscal negotiations and nothing serious is likely to evolve until the deadline is upon them at years end. The drama is part of the political game being acted out with a solution likely, but that solution likely to be detrimental to the US and Global economy. Taxes will rise and the necessary cuts are likely to be largely ignored.

The EUR rallied on the news to 1.3050 and the GBP to 1.6100. Commodity currencies drifted despite the rally in risk assets with a string of weak economic data and prospects of an interest rate cuts in Australia. Australian PMI fell along with Retail Sales and Job Advertisements all confirming the deterioration in the local economy as costs rise and mining returns fall.

The RBA is likely to cut interest rates today which will relieve recent upward pressures on the currency. The KIWI tested 0.8200 although the AUD looks set to test 1.0400 on the downside. Look out for the RBA decision today to impact local markets with accompanying commentary likely to be food for thought!

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=104411

12:12 PM Wed 5 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:

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
22 Nov 2012  Collinson FX Market Commentary: November 22, 2012 - Lift in Equities
21 Nov 2012  Collinson FX Market Commentary: November 21, 2012 - France downgraded
18 Nov 2012  Collinson FX Market Commentary: November 17, 2012 - Deal on Cliff?
16 Nov 2012  Collinson FX Market Commentary: November 16, 2012 - Billions shed
MORE STORIES ...




News - USA and the World

2015 ISAF Sailing World Cup Miami - Bigger than ever in 2015, with an atmosphere crackling with adrenaline, the ISAF Sailing World Cup Miami, Presented by Sunbrella, was ground zero on Sunday as competitors from 63 countries made their final preparations. ... [more]  

The Chinese entry Dong looks set to create sailing sailing history when she finishes first on Leg 3 of the Volvo Ocean Race, Sanya in two days time. Includes video Currently Dongfeng is 250 nm to the finish line in Sanya and the chasing pack with ADOR ahead in second place 55+ nm behind the Chinese team. ... [more]  

The first of the iconic Great Capes has been passed in the Barcelona World Race with Cheminées Poujoulat rounding the Cape of Good Hope earlier this morning. Bernard Stamm and Jean Le Cam passed 20°E around 400 miles south of Cape Agulhas – the southernmost tip of Africa – at 0935am (UTC) today and have begun the Indian Ocean leg of their race around Antarctica. ... [more]  

The Classic 18fters were racing again on Saturday on Sydney harbour. Michael Chittenden caught the action from a shore vantage point. ... [more]  

When race leader Dongfeng rounded Singapore 60+ nautical miles ahead of the chasing pack, it looked like the final 1200 miles of Leg three would be a procession but over the last day, the Volvo Ocean race leg from Abu Dhabi to Sanya China appears to have tightened incredibly. ... [more]  

US Sailing and Rolex USA announced last week that the 2014 Rolex Yachtswoman of the Year is Stephanie Roble. Her accomplishments on the water last year were recognized by the selection panel for her versatility; her accomplishments as a skipper and as a crew; and her competitive successes on a variety of platforms, sailing against both men and women. ... [more]  

Barcelona World Race - The first of the Great Capes is fast-approaching, with the leading boats in the Barcelona World Race expected to pass the longitude of the Cape of Good Hope at the tip of South Africa tomorrow. As they pass 20°E, the Atlantic Ocean will deliver its verdict – did Cheminées Poujoulat’s east-bound track or Neutrogena’s southerly gamble pay off? ... [more]  

Mardi Gras may not be for another month but US Sailing’s National Sailing Programs Symposium (NSPS) kicked it off early for Oakcliff Sailing this year. This evening, Oakcliff received The Captain Joe Prosser Award, given to an organization that has made an exemplary contribution toward improving the quality and safety in the training or instruction of sailors. ... [more]  

The 35th St. Maarten Heineken Regatta has already attracted entries from 20 different countries: Antigua, Austria, Belgium, Brazil, Canada, Dominican Republic, Estonia, France, Germany, Great Britain, Italy, Lithuania, Netherlands, Norway, Puerto Rico, Russia, St.Maarten, Uruguay, USA and the US Virgin Islands. ... [more]  

The world is watching. Can Dongfeng Race Team hold onto their 57 nautical miles lead to China for what will essentially be the ultimate home victory? Or will another team get desperate and make a bold decision that could cost Dongfeng their win? ... [more]  

Most of the marque classes at Quantum Key West Race Week 2015 came down to the last day of the regatta, which delivered the toughest conditions of the week. Howling winds and rough seas challenging the competitors on Friday, forcing the top contenders to raise their game in order to claim overall victory. ... [more]  

Barcelona World Race - Sport met science today on the Barcelona World Race when the pairs of skippers took the first opportunity to deploy their data monitoring Argo beacon which was given to them in Bareclona prior to the start. ... [more]  

2015 Quantum Key West Race Week - It really wasn’t our week. Two races were held today in very nice conditions and we finished third in both. Bella Mente won both races to win the class. ... [more]  

The Mount Gay Round Barbados Race Series, incorporating three days of coastal racing and the Mount Gay Rum Round Barbados Race concluded last night at a sumptuous, Mount Gay Rum-fuelled prizegiving dinner and party. The final 300-mile Ocean Race to Antigua to tie up with the Superyacht Cup starts on Saturday. ... [more]  

Photographer Ingrid Abery was on the water again today at 2015 Quantum Key West Race Week, and provided this gallery of images from day five ... [more]  

Volvo Ocean Race 2015 - With a solid 17-20 knots from the north east, reducing the possibility of a distance sapping park up, the likehood of the Leg three leader the Chinese boat Dongfeng getting the gun in Sanya just 640 nautical miles ahead continues to strengthen. ... [more]  

The 2015 ISAF Youth Match Racing World Championship set to be held in Swinoujscie, Poland from 15 – 19 September 2015 Notice of Race has been released. ... [more]  

Currently doing scheduled maintenance. Some elements of site may not be visible at the moment. ... [more]  

On 2nd January 2015, Team Vestas Wind announced that skipper Chris Nicholson had been tasked to review the team during the month of January. The objective is to ensure the right team for the come back to the race, which is now, for this team, of a different nature than the scheduled original route from Alicante to Gothenburg. ... [more]  

Beau Outteridge has compiled a video of highlights and interviews from the 2015 McDougall + McConanghy Moth Worlds completed recently in Sorrento, Melbourne ... [more]  

Former Oracle Team USA team member, Matthew Mitchell has issued a media release stating that he has lodged a complaint with the International Sailing Federation over the actions of a fellow crew member, Simeon Tienpont, and inaction by the International Jury for the 34th America's Cup, in San Francisco. ... [more]  

Photographer Ingrid Abery was on the water at 2015 Quantum Key West Race Week, and provided this gallery of images from day four. ... [more]  

2015 ISAF Sailing World Cup Miami - Along with the rest of the 848 sailors from 63 nations currently training in Florida ahead of ISAF Sailing World Cup Miami, Presented by Sunbrella (January 26-31), US Sailing Team Sperry Top-Sider athletes and coaches have entered a period of intense focus ahead of the first major Olympic and Paralympic event of 2015. ... [more]  

2015 Quantum Key West Race Week - It probably won't be a late night on Duval Street for the sailors competing on Division Two and Three at Quantum Key West Race Week 2015. After doing three races in strong winds on Thursday, there are no doubt a lot of sore muscles, aching bones and tired bodies. ... [more]  

Children’s heart health continues to benefit from Team Alvimedica’s online auction now underway for two unique experiences during the Volvo Ocean Race stopover here. The Chinese Agape Foundation Inc. will be the recipient of funds raised for these unique team experiences in Sanya, the next stopover port of the global ocean race. ... [more]  

Lauderdale Olympic Classes Regatta overall by John Payne, Fort Lauderdale
The Lauderdale Olympic Classes Regatta was held January 17-19 in the Atlantic Ocean off of Dania Beach in Ft. Lauderdale, FL. Open to Finns (it’s their Midwinter Championship), Lasers and Laser Radials, competitors came from twenty countries and Puerto Rico. They range in age from 14 to 79. ... [more]  

Volvo Ocean Race 2014-15 Leg 3 update from Dongfeng Race Team: All hands on deck as Chinese crew suffer damage to their boat as the tack line of an important sail (J1) broke suddenly sending the 132 m² sail shooting up the forestay in a matter of seconds. The team have managed to set up a temporary replacement but the reality is, this is a rude awakening of how far away the finish line is. ... [more]  

The city of Cagliari , Sardinia - Italy, will inaugurate the 2015 – 2016 America's Cup World Series, the regattas preliminary to the 35th America's Cup. The event will take place in the Gulf surrounding the island's capital from June 4 to 7, 2015. ... [more]  

Based off early morning forecasts, it appeared a lay day might be in the cards for competitors at Quantum Key West Race Week 2015. Some sailors might have already been making plays to play tennis or go fishing during an hour-long dockside delay. ... [more]  

Bay of Islands photographer, Steve Western was on hand to catch the action on the on the first Day (and with a couple from Day 2) of racing at the Millennium Cup and Bay of Islands Sailing Week. The two events are being conducted in the picturesque Bay of Islands, Northland, NZ. Five superyachts are competing along with round the world race winner Steinlager 2. ... [more]  

Despite generally light airs with winds reaching no more that 15kts, three teams have won their skipper’s weight in rum for breaking records in the 79th Mount Gay Rum Round Barbados Race. ... [more]  

2015 St. Maarten Heineken Regatta - There is no straightforward regatta 'formula' and many events around the world strive to improve the experience that participants have year after year. For the St.Maarten Heineken Regatta it is no different, and this year they are listening to the regatta sailors when it comes to on shore venues and locations. ... [more]  

Photographer Ingrid Abery was on the water at 2015 Quantum Key West Race Week, and provided this gallery of images from day three. ... [more]  

Millennium Cup: Racing in the picturesque Bay of Islands
Volvo Ocean Race - Up up and away
Barcelona World Race - 'Haves' and 'Have Nots'
Volvo Ocean Race Leg 3 update from Jack Bouttell onboard Dongfeng
ISAF Sailing World Cup Miami - Game time!
Extreme Sailing Series™ 2015 – Ninth year ready to rock!
Foiling GC32s Key West Race Week images by Ingrid Abery
Mount Gay Rum Round Barbados Race - Crews prepare for big race
2015 Quantum Key West Race Week - Day 2
2015 Quantum Key West Race Week - A challenging day
America's Cup: Spithill leads Oracle reconnaissance team in Bermuda
Extreme Sailing Series announces new teams and venues for 2015
Barcelona World Race - Leaders enter the fastest section of the course
Martinique Surf Pro - Must attend event in the world surfing circuit
New York Yacht Club Invitational Cup preview
RORC Caribbean 600 proving irresistible
18ft Skiffs: Images from NSW Championships - Race 2
Volvo Ocean Race – Malacca Nightmare – now it’s a boat race again!!
2015 Annapolis to Newport Race - Battle for Surflant Prize
2015 Quantum Key West Race Week - Off to a great start
Volvo Ocean Race: Team Alvimedica - Enter the Dragon + Video   
Mount Gay Round Barbados Race Series - Day 3   
World Match Racing Tour's title sponsor goes into administration   
Kieler Woche 2015 promotes Olympic sailing competitions   
Trofeo S.A.R. Princesa Sofía – Kiteboarding and Dragons return   
ISAF Sailing World Cup Miami preview   
Audi Melges 20 Class - Miami Winter Series   
Barcelona World Race - The South is looming.   
Island Water World Grenada Sailing Week announce new one design class   
Volvo Ocean Race 2014-15 Leg 3 position report for 19th January   
Pape Chevrolet North American Championships - Register today!   
Volvo Ocean Race: Sally Barkow - from the Olympics to the Volvo   
Volvo Ocean Race Leg 3 - The big casino *Feature   
C&C 30 Javelin makes West Coast Debut   
Quantum Key West Race Week - Flurry of activity   
2015 Mount Gay Round Barbados Race Series - Day 2   
Volvo Ocean Race Leg 3 - Entering the Malacca Strait   
McDougall+McConaghy Moth Worlds: More Alex McKinnon images   
Quantum Key West Race Week - GC32 class joins the action   
Mount Gay Round Barbados Race - Racing underway in classic conditions   


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