Sail-World.com : Collinson FX Market Commentary: July 17, 2012 - Slow global growth
Collinson FX Market Commentary: July 17, 2012 - Slow global growth
|
Collinson FX market Commentary: July 17, 2012
Further grim news from China and Europe failed to spark any risk rally with US Retail Sales confirming the conservative character of the consumer.
In China, the Premier promised further action to stimulate the slowing economy translating that they are in some trouble. The IMF, has warned of continued slowing global growth unless Europe can address the debt crises. It is hard to see a solution in the short term and little will be done in the US with November Presidential elections.
The best to hope for would be the maintenance of the status quo and sideways moves until political solutions are forthcoming. Retail Sales in the US fell 0.5% reflecting the confidence of the all important US consumer.
The consumer is unlikely to spend and capital is likely to remain on the sidelines until decisions are made! Markets will now be looking to a move to 'real QE3' and not just operation twist so concentration will be on Bernanke when he appears before the Senate and House Tuesday/Wednesday. Expectations are for a new repurchase program to pump more liquidity into markets and print more money. What a great idea as this confirms the definition of insanity. New York Manufacturing showed some signs of life but widespread recovery in this sector is unlikely.
The Dollar has retreated on the market expectations with the EUR bouncing to 1.2275. Commodity currencies found support with weak Dollar prospects and the AUD rose back to 1.0250 and the KIWI 0.7970. Economic data will determine some market direction but Bernanke will be key overnight.
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=99769
9:09 PM Mon 16 Jul 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:
|
18 Jul 2012 |
Collinson FX Market Commentary: July 18, 2012 - US fiscal tax cliff
|
|
14 Jul 2012 |
Collinson FX Market Commentary: July 14, 2012 - Black Friday rally
|
|
13 Jul 2012 |
Collinson FX Market Commentary: July 13, 2012 - Consumer confidence up
|
|
12 Jul 2012 |
Collinson FX Market Commentary: July 12, 2012 - Taxmageddon looms
|
|
11 Jul 2012 |
Collinson FX Market Commentary: July 11, 2012 - NZ Home Sales spike
|
|
10 Jul 2012 |
Collinson FX Market Commentary: July 10, 2012 - EU talk fest resumes
|
|
08 Jul 2012 |
Collinson FX Market Commentary: July 7, 2012 - Employment stuck in US
|
|
06 Jul 2012 |
Collinson FX Market Commentary: July 6, 2012 - China, Europe cut rates
|
|
05 Jul 2012 |
Collinson FX Market Commentary: July 5, 2012 - Independence Day
|
|
04 Jul 2012 |
Collinson FX Market Commentary: July 4, 2012 - Quiet times in US
|
|
 |
MORE STORIES ...
|
|
|
|
Our Advertisers are committed to our sport, please support them!
This site and its contents are © Copyright TetraMedia Pty. Ltd and/or the original author, photographer etc. All Rights Reserved.
Photographs are copyright by law. If you wish to use or buy a photograph you must contact the photographer directly (there is a hyperlink in most cases to their website, or do a Google search.) with your request.
Please do not contact
Sail-World.com
as we cannot give permission for use of other photographer’s images.
Only if the photographer named on the image is Sail-world.com, Powerboat-world.com, Marinebusiness-world.com or NZBoating-World.com.
Contact us
.
Ph: +61 2 8006 1873
or complete our
feedback form
Contact us
.
View our Privacy Policy.
[ Go Home]
[ Banner Advertising Specification]
[Bot Archive ]
Customised news feeds -Marine Industry companies, Clubs and Associations have their own customised version of our news feed on their website.
Look_here_to_see_examples
|
CLD
| | |
