sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: January 11, 2013 - Gradual Recovery?
Collinson FX Market Commentary: January 11, 2013 - Gradual Recovery?

'Leonard Takahashi-Fry returns to Nelson Yacht Club after winning the Tanner Cup'       Click Here to view large photo

Collinson FX market Commentary: January 11, 2013

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

Markets continued to to wipe out any losses sustained earlier in the week after some good news from China and positive talk from Europe. Chinese Exports rose 14.1% to new highs but these numbers seem questionable considering the demand side of the equation.

It is not hard to be skeptical of some of the economic data although the directional indications should be noted. The EUR rallied to 1.3250 dragging the GBP to 1.6150 after ECB President left rates unchanged and predicted Economic Activity would 'gradually recover'. The question of course is how gradual?Without a recovery the unemployment rate should provoke further social upheaval leading to political pressures.

The Bank of England also left rates unchanged but these Central Banks have their backs up against the wall. Commodities continued to recover pushing the AUD to trade around 1.0550 and the KIWI 0.8400. Thin trade could mean any meaningful events could trigger a reaction and a break out either way may see technical traders hop on the boat!

Image of the Day St John’s Dance going down. The sails were removed and the yacht was left for retrieval tomorrow. - Prochoice Safety Gear Etchells Nationals -  Ron Jensen   Click Here to view large photo

Collinson FX market Commentary: January 10, 2013
Equity markets rebounded after two days of consecutive falls. US markets remain nervous over Corporate earnings but many of these fears were dispelled with Alcoa. The Aluminium manufacturer beat expectations and reviewed future prospects higher. This was a boon to markets with little happening on the Political budget front. In Europe, German Industrial Production remains weak, down 2.9% for the year, in line with the fall in recent export data. The EUR holds 1.3050 but would suffer any further weak economic data and Political uncertainty.

NZ Building Permits fell 5.4% but New Home Sales rose 4.7% reflecting the state of the housing market. Home Sales and Prices are skyrocketing with a serious supply issue exaggerated by the prohibitive cost of building. The KIWI rose to 0.8380 with the AUD breaching 1.0500 despite a fall in Retail Sales. Weekly Mortgage Applications fell 11.7% in the US, contradicting the much vaunted recovery in this all important sector.

Earnings will continue to dominate day to day markets with economic data giving insight in to the state of the recovery and the environment which corporates operate. The Gorilla has the strange name of 'Debt-Ceiling'!


Image of the day Dragon Boat Nationals 2013 - 7-8/01/2013, Botany Bay Sailing Club, Sans Souci -  Andrea Francolini_©  

Collinson FX market Commentary: January 9, 2013

European markets continued the negative trend with the release of a huge volume of economic data. EU Retail Sales fell along with Consumer Confidence. EU Business, Industrial and Economic Climates have all taken a cold turn with Employment hovering at 11.8%. Retail Sales continued to fall and German Factory Orders slipped 1%. These are all headline economic data releases and all show an Economic Zone entrenched in recession, which will be difficult to recover from.

In the US, NFIB Small Business Optimism remained steady at 88 but still reflects the weakness in this all-important sector. The Equity markets continued to return last weeks gains with the prospect of the earnings season kicking off with Alcoa. The earnings season is not expected to be over bullish as Corporate earnings will reflect the tough economy and lack in investment.

The EUR returned recent gains to trade back at 1.3065 and the GBP 1.6050. The Australian Trade Balance continued to deteriorate as global demand weakens although the relative strength of the economy and attractive interest rate differentials supported the currency just under 1.0500.

The KIWI rides along with the 'least worst' trade holding just over 0.8300. Earnings and Economic data will continue to dominate the market direction this week but watch for Political developments which could cause major changes in conditions.

Image of the Day Southern Cross, now under US ownership, sailing in te Tall Ships and Classics regatta in the Bay of Islands -  Steve Western   Click Here to view large photo

Collinson FX market Commentary: January 6, 2013

The New Year rally continued at the close of the week sparked by the Fiscal Agreement in Congress. The reality will sink in and markets will look at the next round with the Debt Ceiling negotiations very close on the Horizon.

The fiscal irresponsibility will drive the the US to the edge and any spike in interest rates will put them over. The Fed indicated a propensity to begin to raise rates later in the year if conditions continued to improve. This has given some backbone to the USD pushing the EUR back to 1.3070 and the GBP 1.6060. This did not effect the commodity currencies as confidence exploded and pushed commodity prices north.

The AUD looks set to test 1.0500 although the KIWI receded from initial gains to settle above 0.8300. This coming week is a huge week for Economic data releases in Europe, the US and Asia which may well impact daily, especially with any surprises. ECB and Bank of England rate decisions will monitored closely later in the week. Political developments will drive the undercurrent of sentiment.

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=105459

3:24 AM Fri 11 Jan 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:

09 Jan 2013  Collinson FX Market Commentary: January 9, 2013 - Europe drops
30 Dec 2012  Collinson FX Market Commentary: December 30, 2012 - Fiscal Fiasco
23 Dec 2012  Collinson FX Market Commentary: December 21, 2012 - Boehner's Plan B
20 Dec 2012  Collinson FX Market Commentary: December 20, 2012 - Fiscal Cliff negs
19 Dec 2012  Collinson FX Market Commentary: December 19, 2012 - Santa Rally
15 Dec 2012  Collinson FX Market Commentary: December 16, 2012 - Overhanging cliff
14 Dec 2012  Collinson FX Market Commentary: December 14, 2012 - Reality check
13 Dec 2012  Collinson FX Market Commentary: December 13, 2012 - Confidence surges
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
MORE STORIES ...




News - USA and the World

The Thurlow Fisher Lawyers team of Michael Coxon, Trent Barnabas and Dave O’Connor won one of the most amazing NSW 18ft Skiff Championships in the 120-year history of the sport following a brilliant finish in today’s last race of the series on Sydney Harbour. Story includes full video of the race. ... [more]  

The remaining six medals for the Olympic events were decided on Day 6 of the ISAF Sailing World Cup Miami, during the Medal racing phase of the regatta, which counts for double points. Despite that points premium, four of the events, 49erFX, Finn, Nacra 17 and RS:X Women were decided yesterday, Day 5. ... [more]  

ISAF Sailing World Cup Miami: Medal Races photos provided by Ocean Images. ... [more]  

In a disturbing report published by Associated Press, a newly appointed Environmental Secretary has said Brazil will not be able to achieve its stated goals of water quality in the venue for the 2016 Sailing Olympics. 'Removing 80 percent of the pollutants? It's not going to happen, it's not going to happen,' said Andrea Correa, who took office earlier this month. ... [more]  

Hugely disappointing news for the sport of disabled sailing worldwide, for Sailing team athletes who are already working hard towards Tokyo, and is a loss to the Paralympic Games itself as sailing provides a unique element to the sporting programme. ... [more]  

2015 ISAF Sailing World Cup Miami - Giles Scott (GBR) has convincingly and unflinchingly shown that he is still the man to beat in the Finn Class as the 2015 season gets underway. Finishing a close second in the medal race at the end of the Sailing World Cup Miami, Scott wrapped up his eighth consecutive major win in the class and defends the title he won this time last year. ... [more]  

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]  

ISAF World Sailing Cup Miami: Day 3 - Three back to back winners
Dates announced for Mount Gay Round Barbados Race Series 2016
America's Cup: Ben Ainslie Racing is first to Team to fly in Bermuda
North U 2015 U.S. Youth Match Racing Clinics Underway
Quantum Key West 2015 - Images by Tim Wilkes
ISAF Sailing World Cup Miami - Perfect conditions on Day 2 + Video
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   


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