sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: January 23, 2013 - AUD and KIWI rise
Collinson FX Market Commentary: January 23, 2013 - AUD and KIWI rise

'C-Tech - 18ft Skiff Nationals - Day 2, January 20, 2013'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: January 23, 2013

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

Equities continued to gain, supported by the flood of liquidity kindly provided by the Federal Reserve. Exisiting US Home sales fell 1% after a deluge of positive sentiment in the housing sector which may undermine the much vaunted recovery. The consumer is under pressure with unemployment remaining high and little prospect of relief from a resurgence in Capital investment. The Obama inauguration party is over and reality will now hit home.

He outlined a liberal agenda with priorities being Green Energy, Gay rights and Immigration. That should be great for the economy and address the deficit blow outs and the crippling debt. Cool subjects that the air headed social democrats and minority groups rate highly will do little to address the economic fundamentals and will spell disaster for the US. Progressive liberals seem intent on driving the worlds largest economy down the socialist road of a failed Europe.

The EUR tested 1.3300 on the downside and the GBP 1.5850 with the ZEW Economic Sentiment indicator rising but very little positive news emanating from the failed economic experiment. Commodities remained well supported due to steady Asian demand and continued weakness in the reserve currency.

These combined to support the AUD at 1.0550 and the KIWI back towards 0.8400. The strong performance of these currencies are a reflection of the weakness of the USD and EUR rather than a positive domestic economic stories. The US is going to be under severe pressure and the much vaunted housing recovery looks to be questioned with Existing Home Sales falling.

Priorities remain social issues from Obama in a time where the US faces fundamental economic questions. The Tories seem unable to offer solutions and the confrontational nature of US politics looks set to continue, which will not solve the critical questions being asked.

Collinson FX market Commentary: January 22, 2013

Events Clothing - 18ft Skiff Nationals - Day 2, January 20, 2013 -  Richard Gladwell_©   Click Here to view large photo


Markets were quiet to open the week with the US closed for MLK Jr Holiday and celebrating the inauguration of the second term Obama. There will be a lot of ostentatious grandeur across our screens so be prepared for meaningless platitudes and oration. The amazing platform outlined by Obama was his direction of climate change and green energy without a mention of the Debt or Deficit!

Astounding the priorities of this regime and dangerous which indicates a propensity for increased spending, borrowing and taxing. This fundamental liberal, progressive agenda has failed in the past and will fail again with apocalyptic consequences.

European markets rallied, boosted by the positive news regarding the 'Debt Ceiling' negotiations in Washington. The IMF has warned of growing holes in the Greek budget including the bailout, meanwhile Merkel lost a major election in Lower Saxony hinting at a resurgence of the left.

The EUR has held its ground trading 1.3315 although the GBP continues to slip moving down to test 1.5800. Commodities were still well bid which maintained support for the AUD at 1.0500.

The KIWI was steady at 0.8350 after the shock inflation data last week, hinting at weaker than expected recovery. All eyes will turn to the US markets when they open tonight!

Events Clothing closes with Yamaha and C-Tech - 18ft Skiff Nationals - Day 2, January 20, 2013 -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: January 21, 2013

Equities closed the week flat again after some good news from the GOP in the House of Representatives. The House proposed the extension of the Debt Ceiling until April 15th with a budgetry requirement from the Senate and the House.

This has supported the high levels attained from gains so far this year. News from China was positive with GDP growth moving up to 7.9% for the year. This has leant support to the associated commodities and currencies.

The AUD held 1.0500 athough the KIWI dipped to 0.8350 after an unexpected contraction in the CPI reflecting the parlous state of the economy. European markets were hardly filled with confidence after UK PM Cameron voiced concerns over the future of the EU and British participation.

The University of Michigan Consumer Confidence fell to 71.3 from 72.9, dissappointing many market participants. The coming week will continue to look at Earnings and Economic data but will not see much action until Tuesday due to MLK Junior holiday in the US!

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=105878

12:11 PM Wed 23 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:

24 Jan 2013  Collinson FX Market Commentary: January 24, 2013 - AUD + KIWI up
23 Jan 2013  Collinson FX Market Commentary: January 22, 2013 - Europe rallies
21 Jan 2013  Collinson FX Market Commentary: January 21, 2013 - KIWI dips on shrink
19 Jan 2013  Collinson FX Market Commentary: January 19, 2013 - Markets surge
17 Jan 2013  Collinson FX Market Commentary: January 17, 2013 - Europe steady
16 Jan 2013  Collinson FX Market Commentary: January 16, 2013 - Markets quiet
15 Jan 2013  Collinson FX Market Commentary: January 15, 2013 - Kiwi dips under .84
11 Jan 2013  Collinson FX Market Commentary: January 11, 2013 - Gradual Recovery?
09 Jan 2013  Collinson FX Market Commentary: January 9, 2013 - Europe drops
30 Dec 2012  Collinson FX Market Commentary: December 30, 2012 - Fiscal Fiasco
MORE STORIES ...




News - USA and the World

Volvo Ocean Race: The Traemeister's onboard gym session *Feature by Richard Gladwell/Sail-World.com/nz
On Board Reporter, Brian Carlin, claimed he did not know what a Gym before he set foot aboard Team Vestas Wind. And then compounded his issues by saying that he thought 'Gym' was pronounced 'Gime'. Fitness freak Trae has taken on the invidious task of getting the Irish OBM up to a passable fitness level, believed to be 100 push-ups. ... [more]  

Overall race leader, Abu Dhabi Ocean Racing Has slipped in the Volvo Ocean Race having led for most of Leg 2, and won Leg 1. But as has been done before Abu Dhabi has caught up, and now playing storm-watch. ... [more]  

Volvo Ocean Race: Thanksgiving at Sea *Feature by Richard Gladwell/Sail-World.com/nz
Although they may be far from home, old traditions aren't forgotten as the US crew aboard Team Alvimedica celebrate one of the great traditions. And the non-US crew partake of their first Thanksgiving, off the coast of Madagascar. There's some of the traditional fare, adapted for the Volvo Ocean Race, and some messages and mementos from home. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - The official launch of Syd Fischer’s super maxi, Ragamuffin 100, will take place next Tuesday, 2 December 2014, at Sydney City Marine Complex, Rozelle. ... [more]  

The new application from PredictWind for Mac and PC is revolutionary for accessing weather data when offshore. Accessing GRIB files, Weather Routing, GMDSS forecasts and Satellite Imagery is now a simple task with the unique and user friendly interface. ... [more]  

Volvo Ocean Race: Mapfre takes lead in Leg 2 as break point looms *Feature by Richard Gladwell/Sail-World.com/nz
The latest position report from Volvo Ocean Race Control has given the lead in leg 2 of the Volvo Ocean Race to Mapfre (Iker Martinez). She takes over the lead from Abu Dhabi Ocean Racing (Ian Walker), who has led from soon after the start of Leg 2, a week ago. ... [more]  

Over 270 sailors from 38 nations have enjoyed a mixed range of conditions since their arrival early on in the week. The athletes have used the time to acclimatise to their surroundings, different sea states and a variety of wind strengths. But now, the practice time is over with racing across the ten Olympic and open kiteboarding fleets to kick start the inaugural ISAF Sailing World Cup Final. ... [more]  

VOR 2014-15: Some of them also wake up in the middle of the night to check the latest position reports of Team Brunel. The crew is aware of that, including our skipper Bouwe Bekking. 'We are not the only ones looking out for the position reports. We know that the home front is eyeballing every move of us. Our wives, children, girlfriends, friends and supporters live this race as extreme as we.' ... [more]  

ISAF Sailing World Cup Final 2014: Among the ten Olympic series represented, Franck Cammas will be participating in the event for the first time aboard a Nacra 17, this time teaming up with the young, light Alizée Desbordes. Having remained in France to satisfy her professional obligations, Sophie de Turckheim will be following the performance of her favourite helm closely. ... [more]  

ISAF Sailing World Cup Final: Bjorn Allansson (SWE), Briana Provancha (USA), Sofia Bekatorou (GRE), Lara Vadlau (AUT) and Anton Paz (ESP) have fully embraced the Abu Dhabi and Emirati life, grasping the opportunities available with both hands. 'There are so many welcoming and friendly people here,' explained Provancha at the opening press conference. ... [more]  

Leading sailing marine electronics manufacturer B&G has been appointed an Official Race Supplier for the Volvo Ocean Race 2014/15. B&G will also be providing full electronic navigation systems, tactical software and race support to the organisers of the 2014 Volvo Ocean Race, which began on the October 4th in Alicante, Spain. ... [more]  

If you missed this week's edition of Adventures of a Sailor Girl, then hear the replay below. Adventures of a Sailor Girl #31 - Pathways and passion! ... [more]  

Star Sailors League Finals: This Bahaman event is about much more than just sailing, however: it promises a blistering week of high emotion, passion and dazzlingly action that will deliver a unique display of sporting prowess from a slew of champions. All in an easy-to-grasp and see format that even non-sailing folk will understand perfectly. ... [more]  

America's Cup: Sweden to host World Series regatta in 2015 by Richard Gladwell/Sail-World.com/nz
Artemis Racing and the City of Gothenburg are set to host an America’s Cup World Series event during the last weekend of August (28th - 30th) 2015. Racing will take place either on the Gota River close to the city centre, or at Långedrag, and the race village will be located in Frihamnen. ... [more]  

2014 RORC Transatlantic Race - The inaugural RORC Transatlantic Race, in association with the International Maxi Association (IMA), starts on Saturday 29th November from Lanzarote bound for Grenada, 2,995 nautical miles across the Atlantic Ocean. All of the competing yachts are now safely moored in Puerto Calero Marina and last night an informal welcome drinks reception was well received with crew ... [more]  

2014 Chicago Match Cup - At the end of Chicago Match Race Center's sixth season, the numbers show how well CMRC reached both into and beyond the Great Lakes sailing community. CMRC hosted a total of 12 graded events from May to October. Of these, the five Grade Three regattas were the best attended featuring 23 skippers from nine countries. ... [more]  

2014 Extreme Sailing Series - Act 8 - Tom Slingsby, Australian Olympic Laser Gold medalist, and member of Oracle Team USA, has signed up as skipper of Oman Air, one of two Oman Sail Extreme Sailing teams, for the final act of the Extreme Sailing Series in Sydney, Australia (11-14 December). ... [more]  

Volvo Ocean Race: Big spread in fleet as Abu Dhabi leads *Feature by Richard Gladwell, Sail-World.com/nz
Abu Dhabi (Ian Walker) continues to lead the Volvo Ocean Race. She is the most westerly of the fleet as they approach the coast of Madagascar. In a video, Abu Dhabi skipper Ian Walker explains the weather hazards of the second leg of the Volvo Ocean Race. ... [more]  

ISAF Sailing World Cup Final 2014: With a packed crowd of local dignitaries, VIPS and competitors, the ISAF President welcomed the world’s finest Olympic sailors and kiteboarders who will be battling it out on Abu Dhabi's waters. 'It’s a great honour for me to be here today because we have a very important regatta which will be the future of our sport,' explained Croce. ... [more]  

Sir Keith Mills GBE announced that America’s Cup Racing is to return to British waters when the America’s Cup World Series (ACWS) takes place in Portsmouth 23-26 July 2015 and 21–24 July 2016. The second European location is expected to be Cagliari in Italy, where Luna Rossa Challenge have their base. ... [more]  

Volvo Ocean Race: Welcome to Brian's Gime *Feature by Brian Carlin, Team Vestas Wind, At sea
The irrepressible Brian Carlin, the On Board Reporter for Team Vestas Wind is on fitness program on board, under the watchful eye of race veteran Tony Rae. Today as my personal trainer, friend and fellow shipmate we accomplished a goal, 70 press-ups. I’m sure to some it maybe easy but I ask anyone of you right now sitting at your desk, hit the floor and give me 70 on the spot. ... [more]  

Two of the crew from Overall race leader, Abu Dhabi Ocean Racing look at leg 2 and the race overall. Here are the latest blogs (unedited) from On Board Reporter Matt Knighton, along with an onboard video with Simon Fisher (navigator) musing on what is required to win the race, and skipper Ian Walker on how Leg 2 has panned out for them so far. ... [more]  

Rolex Sydney Hobart Yacht Race 2014 - A new deal for corinthians by Bruce Montgomery – Rolex Sydney Hobart media
Rolex Sydney Hobart Yacht Race 2014: Since 1945 starters in the Sydney-Hobart have raced the equivalent of two circumnavigations of the world, almost 45,000 nautical miles. They have been drawn from the seven seas; they come from all corners of the world; they board boats that range from 100-feet supermaxis to boats littler larger than the Owl and the Pussycat’s. ... [more]  

2016 Hansa Class Combined World and International Championships - The International Hansa Class Association has announced that the 2016 Hansa Class Combined World and International Championships will be held in the Netherlands. ... [more]  

Most of the nearly 300 sailors on 216 boats in 21 classes in Alamitos Bay Yacht Club's 67th Turkey Day Regatta came to enjoy sunny sailing in mild conditions, which the weekend delivered beautifully. By tradition, the winners received turkeys, not trophies, but for a few others it was another important stopover en route to Rio de Janeiro and the 2016 Olympics. They hope. ... [more]  

Everyone was expecting a battle between Besson and Cammas. In the end, Morgan Lagravière took the Champion’s title of the seventh edition of the St-Barth Cata Cup with a near-perfect journey. The Marché U day ended with a friendly race to Public. ... [more]  

Robert Scheidt talks to us just a few days before the Nassau start of the Star Sailors League Final. How do you feel inside? I feel very calm. Myself and Bruno have tons of experience with the Star. We’ve been competing together for 10 years now. ... [more]  

The US Optimist Dinghy Association (USODA) has selected Pensacola Yacht Club (PYC) to host their 2015 National Championships. This championship will be a week-long sailing spectacular on Pensacola Bay sailed by International Optimist Dinghy sailors from eight to 15 years old. ... [more]  

More than forty five years since his historical circumnavigation, legendary Clipper Race founder Sir Robin Knox-Johnston, 75, continues to prove inspirational to adventurers around the globe. Sir Robin, the oldest entrant in the 3,542 mile Route du Rhum, finished third in his Rhum class into La Pointe À Pitre, Guadeloupe. ... [more]  

With Olympic heroes and World Champions in their numbers at the ISAF Sailing World Cup Final in Abu Dhabi, UAE, local children are being inspired to take up the sport. By utilising the star names on show at the ISAF Sailing World Cup Final, the Abu Dhabi Sailing and Yacht Club, hosts of the regatta, are using the event to promote the sport in the Emirati capital. ... [more]  

The last day of the Airwaves Noumea PWA Dream Cup saw a grandstand finale to the 2014 PWA World Tour as the morning showers finally cleared to allow the wind to fill in and the respective titles to be decided. With the racing beginning later than scheduled the title race came down to one final race, which would ultimately decide the title. ... [more]  

Sometime during last night’s moonless gloom in the Volvo Ocean Race, the masthead lights of Dongfeng and Mapfre appeared to the west, maybe right where they would have been if we had jibed with the fleet the previous day. To say that was a relief is an understatement-that we are back in touch, back in the fray near the front, it keeps everyone motivated and pushing a little bit harder. ... [more]  

Olympic medal-winning skipper Ian Walker, from Abu Dhabi Ocean Racing (ADOR) – the emirate’s Volvo Ocean Race contesting squad – recently took time out of his hectic schedule while he was in Cape Town, as the team prepared for Leg 2 of the race to catch-up with students at The British School Al Khubairat via a video call. ... [more]  

Volvo Ocean Race – Team SCA’s super fan
ISAF Sailing World Cup Final: Abu Dhabi Sailing Instructions published
ISAF Sailing World Cup Final - Italian 49erFX duo ready for action
St Barth Cata Cup day 3
Volvo Ocean Race: Racing between a Rock and a Hard Place
Volvo Ocean Race - Position report at: 24 Nov 0700 UTC
2014 RC44 Championship Tour trophy – Video highlights
Volvo Ocean Race - Position report at: 23 Nov 1930 UTC
Volvo Ocean Race - Position report at: 23 Nov 0748 UTC
Gladwell's Line: The America's Cup is now Bermuda's Cup? *Feature
VX ONE Winter Series - Norris and Family earn first weekend victory
RC44 Oman Cup - Nika wins and Team Aqua clinch their fourth RC44 title
18ft Skiffs: Club Championship, Cordukes Clubhouse Trophy - Race three
Volvo Ocean Race: On board with Abu Dhabi - torn sail and where to go? *Feature
2014 Argo Group Gold Cup - Bermuda shines
2014 Turkey Day Regatta – Day 1
Airwaves Noumea PWA Dream Cup - Delphine Cousin officially world champ
Volvo Ocean Race: A man's got to do what a man's got to do
RC44 Championship Tour - A great sailing day on the Gulf of Oman
Sail-World Team holds first Continental Conference at METS
ISAF Sailing World Cup Final - Open Formula Kiteboarding event preview   
Volvo Ocean Race: Fleet heads into the Southern Ocean + Videos *Feature   
ISAF Sailing World Cup Final - Set to be an 'experience of a lifetime'   
America's Cup: Source named in Bermuda venue leak *Feature   
2014 RC44 Oman Cup - Challenging day + Videos   
Volvo Ocean Race: A bumpy, hard driving ride in the Southern Ocean   
EPA punts on renewable fuel standard   
Yates Cup: US supermaxi Rio100 wins first offshore race + Video *Feature   
Airwaves Noumea PWA Dream Cup - Men’s title race takes a twist   
RC44 Oman Cup - Consistency hard to come by   
Volvo Ocean Race - Discomfort takes over for Team Alvimedica   
Volvo Ocean Race - Rapid change for Team SCA   
Viper 640 event at Lake Garda - 22-26th June 2015   
British Cycling grows by over 500%, can sailing do the same?   
GC32 Racing Tour 2015 - Dates and venues   
Class 40-footers to be featured in 2015 Annapolis-to-Newport Race   
Spectacular performance by Bakewell-White maxi early in first race *Feature   
Airwaves Noumea PWA Dream Cup - Big strides for Cousin and Moussilmani   
America's Cup: Team New Zealand responds to Venue rumours *Feature   
ORC reveals rule improvements for 2015   


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