sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: January 24, 2013 - AUD + KIWI up
Collinson FX Market Commentary: January 24, 2013 - AUD + KIWI up

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

Collinson FX market Commentary: January 24, 2013

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

Equity markets consolidated the gains for January with little to interrupt the bull run of 5% in 2013. The fears over the Debt Ceiling debate have dissipated as Reuplicans look to give a free pass without condition, save the demand to fulfill Budgetary obligations. House Prices inched up by 0.6% and weekly mortgage applications rose by 7%. Markets look steady without any imminent threats from Washington although this will come as the debt/deficit crises cannot be ignored.

The EUR slipped back to test 1.3300 and the GBP rose to 1.5840 after British PM Cameron, made his much telegraphed speech regarding the EU and UK membership. Cameron has outlined the growing legislative overreach from Europe and the need to more democratic controls over European lawmakers. He has proposed a referendum on membership and this would put a cat amongst European pigeons. The move to closer fiscal and political union is scaring many nationalists and may threaten Europe.

The discussion is underway and is now public and likely to be a major driver over the next couple of years. Commodities continued to benefit the confidence flooding markets awash with liquidity and boost associated currencies.

The AUD dropped earlier after CPI numbers fell to 0.2% giving an annualised 2.2%. This was heralded as a positive by the discredited Treasurer but the reality is that is a reflection of the weakness in the economy. Citizens know the reality of rising costs but are not reflected in inflationary data because of the compilation of said data and drags on Housing etc.

The AUD bounced back with the rise in markets to trade 1.0550 and the KIWI 0.8425. Economic data and Political developments will drive day to day moves.

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

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.

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


Collinson FX market Commentary: January 22, 2013

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=105880

7:06 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:

25 Jan 2013  Collinson FX Market Commentary: January 25, 2013 - Rallies continue
23 Jan 2013  Collinson FX Market Commentary: January 23, 2013 - AUD and KIWI rise
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
MORE STORIES ...




News - USA and the World

Catch the live coverage of the Leg 4 Finish in Auckland, presented by Team Vestas Wind. Check the video timer for a countdown to the start of coverage and the expected race finish time ... [more]  

SCYA Manning Regatta – The youth-heavy event is the fourth and last stop of the Shadden Series for teenagers under 19 not yet in college and is also a move-up regatta under the advancement guidelines of the International Naples Sabot Association. ... [more]  

US Sailing’s Rolex Yachtsman & Yachtswoman of the Year Awards 2015 ceremony celebrated the sailing accomplishments of Terry Hutchinson (Annapolis, Md.) and Stephanie Roble (East Troy, Wisc.) as it returned to the iconic Model Room at the New York Yacht Club in Manhattan after having moved to the west coast for the past three years. ... [more]  

For the Finn World Masters in Kavala, Greece pre-registration is open. So far 130 Masters have entered. 2015 will be the first time the Worlds Masters have been held in Greece. ... [more]  

The website for the 2015 Finn Open and Junior Europeans in Split, Croatia, is now live, with online entry open. The last time the Finns had an event there the wind did not cooperate and the fleet ended up sailing some races as the sun set. ... [more]  

RORC Caribbean 600 – Four Figaro II teams, all from the Guadeloupe Grand Large sailing academy, are racing in this year's event. 18 sailors from the offshore racing academy are racing on four identical yachts and have high aspirations for the future; the Solitaire du Figaro, Route du Rhum or the Everest of offshore solo-sailing, the Vendée Globe. ... [more]  

After having moved to the west coast for the past three years, US Sailing’s Rolex Yachtsman and Yachtswoman of the Year Awards ceremony returned to the iconic Model Room at the New York Yacht Club in Manhattan to celebrate the sailing accomplishments of Terry Hutchinson (Annapolis, Md.) and Stephanie Roble (East Troy, Wisc.). ... [more]  

If, in the end, the Pacific gave up race leaders Cheminées Poujoulat without too much of a fight and since Wednesday morning the Atlantic, in turn, has opened its fastest toll-free lane north east to Bernard Stamm and Jean Le Cam, the Pacific seems rather more keen to hold on to second and third placed Neutrogena and GAES Centros Auditivos. ... [more]  

America's Cup Defender Oracle Team USA and Challenger, Artemis Racing lined up for a series of try-outs on San Francisco Bay. Videographer John Navas was shoreside with a new high resolution video camera and provided these videos of the training sessions and hook-ups. ... [more]  

The HPYD conference is jointly organised by The Royal Institution of Naval Architects (NZ) and The University of Auckland and will be held at the Marine Event Centre in Auckland to coincide with the Volvo Ocean Race stopover. It attracts some of the world’s most preeminent yacht designers and is recognised as one of the top three conferences in this area internationally. ... [more]  

Volvo Ocean Race: Ryan Houston - How Alvimedica's chemistry works *Feature by Richard Gladwell/Sail-World.com NZL
Ryan Houston is a watch captain aboard Team Alvimedica. He sailed in two previous editions of the Volvo Ocean Race – in 2008-09 aboard Delta Lloyd and 2011-12 on the incident plagued Volvo 70, Sanya. With the switch to the one design, ruggedly constructed Volvo 65 for this race many of the issues that bedevilled the competitors and organisers in the previous races appear to have been resolved. ... [more]  

Volvo Ocean Race: Dave Swete - Alvimedica's race so far *Feature by Richard Gladwell/Sail-World.com NZL
The Volvo Ocean Race and its forerunner, the Whitbread Round the World Race, used to be dominated by Kiwi crews. In the current edition, there are just three New Zealanders competing. Two of those are on Team Alvimedica, the US and Turkish flagged entry. ... [more]  

Volvo Ocean Race 2015 – Victory in the fourth leg was so close that Dongfeng Race Team skipper Charles Caudrelier (FRA) could almost taste it on Thursday, but with just over 500 nautical miles (nm) to go, he was taking nothing for granted ... [more]  

The 2014-15 Etchells North American Midwinter East Series wraps up in Miami this weekend with the three-day Jaguar Southeastern Midwinter Regatta for the Schoonmaker Cup. The Jag, as the series has become better known, attracted over 50 boats for the four regatta series. ... [more]  

RORC Caribbean 600 – By the morning of day four, 19 yachts had completed the race and 43 yachts were still racing. Last night the lighter southerly wind had switched back to an easterly direction with substantial cloud activity providing changeable conditions for the competitors ... [more]  

Volvo Ocean Race: Team Alvimedica hopes to use Coastal Classic tricks *Feature by Richard Gladwell, Sail-World.com NZL
Sail-World’s NZ Editor, Richard Gladwell spoke with David Swete one of three New Zealand crew in the 2014-15 Volvo Ocean Race Swete was reporting in from Team Alvimedica the US and Turkish flagged entry, currently lying in fourth place on leg 4 of the race from Sanya China to Auckand. ... [more]  

Oracle Team USA AC45 Turbo Feb 25 Training images provided by pressure-drop.us. Flat flood conditions and winds 12-18 and then picking up late in the day. Boat is matching the olars established with the AC 72's. ... [more]  

America's Cup: Emirates Team New Zealand gears up on less money *Feature by Richard Gladwell, Sail-World.com NZL
Emirates Team New Zealand has pushed the start button on their campaign for the 35th America's Cup, with a budget that has been reduced by an estimated 20% from the San Francisco campaign. The decision to relocate the Venue for the Match to the British Overseas Territory of Bermuda has resulted in reduced attractiveness to sponsors, which in turn has led to cuts in the program ... [more]  

Volvo Ocean Race 2015 – Dongfeng has pulled another mile from Abu Dhabi, and MAPFRE looks like they have been making some good gains on the two leading boats. ... [more]  

AWT Goya Pro Cabo Verde kicks off in style! by American Windsurfing Tour
Last night saw the Opening Party for the Goya Cabo Verde Pro contest here on the beautiful island of Sal. In attendance were some of the biggest names in windsurfing along with local watermen, business men and dignitaries. The true spirit of the American Windsurfing Tour came out in force which was both mirrored and complimented by the spirit of this island ... [more]  

With Cheminées Poujoulat making good progress up the Atlantic, making close to 18kts, 120 miles SW of the Falklands, Cape Horn marks the frontier between the two different worlds inhabited by skippers on the Barcelona World Race. ... [more]  

Emirates Team New Zealand has announced a team restructuring ahead on next week's expected announcement that the Qualifier for the 2017 America's Cup will be held in Auckland. The statement issued by the team early this afternoon, indicates the team has secured substantial funding and sponsorship for its 2017 campaign. ... [more]  

2015 CYC Midwinters Race – Pictures by pressure-drop.us ... [more]  

CYC Midwinters Racing – 'Mid Winter racing is like a box of chocolates, you never know what you are gonna get' ~Forrest Gump~Skipper of SS Jenny ... [more]  

Laser Standard Men’s World Championships (June 29-July 8), the Laser Masters World Championships (July 10-18), and the Laser Radial Youth World Championships (August 14-20) are being hosted by the CORK. ... [more]  

Kaenon's Steve Rosenberg talks with Team SCA crew members Sally Barkow and Annie Lush before the start of Leg 4 of the Volvo Ocean Race. Both are former Olympic match racers, who have switched to ocean racing. Both are wearing the new prescription Kaenon sunglasses in the 40,000nm race around the world. ... [more]  

Volvo Ocean Race 2015 – Overnight Ian Walker reported getting ahead of Charles Caudrelier’s Dongfeng only to have Mother Nature take it all back again, getting caught under a rain cloud in light winds ... [more]  

Barcelona World Race - Mythical, revered, renowned, legendary.....but above all Cape Horn is a time for extra care and caution. While observers and race fans may be poised to share and enjoy the passage of the race leaders Cheminées Poujoulat this Tuesday evening, Swiss co-skipper Bernard Stamm of race leaders Cheminées Poujoulat was clear that there will be little time for celebration ... [more]  

Lloyd Thornburg's MOD 70, Phaedo3 crossed the finish line in Antigua at 20:35:30 AST on Tuesday 24th February 2015 in an elapsed time of 1 day, 9 hours, 35 minutes and 30 seconds. ... [more]  

Barcelona World Race - Cheminées Poujoulat, which has lead the two handed round the world race for 39 days, has passed Cape Horn (67°15 11 W) at 01:00 UTC (02:00 Barcelona time, 22:00 Chilean time). ... [more]  

For the seventh edition of the RORC Caribbean 600 records are predicted to tumble, which has one of the most spectacular line ups of high performance boats racing anywhere in the world. ... [more]  

2015 ISAF Women's Match Racing World Championship - The Notice of Race for the 2015 ISAF Women’s Match Racing World Championship has been released. Set to be held in Middelfart, Denmark from 8-12 July, the 2015 edition of the Women’s Match Race Worlds will welcome the world’s finest female match racers as they fight for the title. ... [more]  

Many exciting changes have been implemented this year for the 35th St.Maarten Heineken Regatta, and one of those will be the Saturday night party, which will take place on Kim Sha Beach in Simpson Bay. This evening promises to be a night filled with undeniable sex appeal and a line up that boasts not one but two powerful female performers. ... [more]  

RS Sailing and BIC Sport North America team up for sailing programs
RORC Caribbean 600 – Record pace on Day 2
Port of Los Angeles Harbor Cup - About to begin
10 tips from BoatUS for owners and renters
Aquece Rio International Sailing Regatta – Notice of Race online
2015 CYC Mid Winters images by h20shots
Adventures of a Sailor Girl: News and interviews from February 23 show
Volvo Ocean Race: Ryan Houston looking forward to his Kiwi home
Volvo Ocean Race: Wislang expected to lead Kiwis home after fast ride
Volvo Ocean Race – Now the race to Auckland is truly on
America's Cup: Spooner fails in attempt to have Oracle AC45 arrested
2015 505 Midwinter Championship - Final race
Barcelona World Race – Renault Captur resume, Spirit of Hungary stuck
2015 ISAF Youth Sailing World – Emerging Nations Programme announced
Barcelona World Race - Spirit of Hungary to make surprise pit-stop
US Sailing Match Racing Committee launches The Dial Up Newsletter
JJ Giltinan Trophy: Michael Chittenden's images from Race 7
Volvo Ocean Race – The Doldrums outside the Doldrums
Volvo Ocean Race: Leg 4 Winner expected in Auckland on Saturday
Volvo Ocean Race 2015 – Biggest challenges are around the corner
86th SCYA Midwinter Regatta - Day 2 overall   
SCYA Midwinter Regatta - Farr 40 and Cal 25 class winners announced   
Barcelona World Race - The Bountiful Horn Beckons for Stamm and Le Cam   
Geelong boat Phoenix wins Sydney 38 National Title   
JJ Giltinan 18 foot Skiff Championship 2015 images by Bruce Kerridge   
Volvo Ocean Race - Leg 4 restart from the Doldrums   
Melges 24 U.S. Championship is enjoying early success   
JJ Giltinan Trophy: Records set as rookie Kiwi crew second in Race 7   
Around Antigua Island Race - Unofficial record   
Miami International Boat Show Innovation Award winners honored   
86th SCYA Midwinter Regatta - Day 1   
St. Maarten Heineken Regatta crew forum - place to find crew or a ride   
J/24 Midwinter Championship - Will Welles’ Cougar hanging on by a claw   
JJ Giltinan Trophy: Watch Race 7 here - Live and then in Replay!   
America's Cup: Oracle Team USA goes out past the Golden Gate + Video   
JJ Giltinan Trophy: Michael Chittenden's images from Race 6   
JJ Giltinan Trophy: Race 6 interviews with Hamlin, Thurlow and Yamaha   
America's Cup: Oracle Team USA report on their new foiler   
JJ Giltinan Trophy: Images from Race 6 by Christophe Favreau   
RORC Caribbean 600 - The young ones   


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