sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: July 20, 2013 - Flat Markets end week
Collinson FX Market Commentary: July 20, 2013 - Flat Markets end week


'Elliott 7’s - 2013 Auckland Cup, Day 3'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: July 20, 2013

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

Markets were flat again Friday to close a mixed week with no major economic data releases and quiet Central bankers. The emphasis thus shifted to earnings and a couple of major scares with Microsoft and Google both missing expectations...

Microsoft especially was concerning and had a negative impact on the equity markets. The Dollar was steady with thin trade with the EUR trading 1.3150 and the GBP 1.5270. Commodities remained solid with firm demand supporting a strong KIWI up at 0.7950 and the AUD which regained 0.9200 after earlier slippage.

The new week will focus on US Housing and some Manufacturinf data from China. Locally, the RBNZ will make a rate decision later in the week which will impact locally and give an idea of the state of the economy through the eyes of the Central Bank.

Monetary Policy continues to dominate markets as fiscal ineptitude remains globally prevalent!

V5 - 2013 Auckland Cup, Day 3 -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: July 18, 2013

Bernanke is 'gone-burger' and so he is unlikely to change his leopards spots! His long awaited appearance in front of congress revealed little in terms of QE and thus the markets remained steady. The Fed is the great driver of equities, commodites and bonds and Bernanke is unlikely to change his course before he cashes in his chips.

He will continue QE infinity because that is his legacy which will be considered destructive when history has the consideration. The EUR was steady at 1.3115 and the GBP inched higher to 1.5200 with a decline in US weekly Mortgage Applications and dip in housing data. Housing Starts fell 9.9% and Building Permits also dropped 7.5%, hitting the major leading indicator.

The Fed continues to support the 'Claytons rally' as economic fundamentals re-confirm the state of the economic recovery. Commodities remain steady and the AUD has traded 0.9250 with the KIWI approaching 0.7900.

No real changes, but continued weak economic data undermines the reality of all the equity gains. Central Banks remain the major directional driver and weak economic data only reinforces market perceptions of enhanced monetary policy. This is a false rally and bulls should be very nervous!

Elliot 7’s - 2013 Auckland Cup, Day 2 -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: July 16, 2013

Equity rallies continued on Wall Street with Citi leading the Financials by beating earnings expectations.

The Banks must make money given the highly advantageous environment the Fed continues to provide. The Empire State Manufacturing data rose, improving this sector and allaying fears in this critically challenged sector. Retail Sales rose 0.4%, which was not convincing, and missed analysts expectations and should scare many investors as it is the Consumer that drives the US economy.

The EUR held Fridays gains trading 1.3060 and the GBP 1.5100. Chinese GDP fell to 7.5 from 7.7%, well below the heady days of double figure increases. This is the new norm as the regime tries to gain control of growth and manage the expansion of the new global economic super-power. The realigned economy will provide steady demand but has turned the commodity price bubble accounting for a massive correction in associated currencies.

The AUD has fallen a long way in a short time, but has now established a solid floor at 0.9000 which has become a major support level. The currency stabilised overnight just under the 0.9100 after another hit in US trading to close last week.

The KIWI has also touched 0.7800 after again looking to test the major support level of 0.7700. These currencies remain vulnerable to any hits taken in commodity demand from China who, in turn, remain heavily exposed to Europe and 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=112185

6:15 AM Sat 20 Jul 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:

18 Jul 2013  Collinson FX Market Commentary: July 18, 2013 - ANZAC gap closes
16 Jul 2013  Collinson FX Market Commentary: July 16, 2013 - Wall Street rallies
12 Jul 2013  Collinson FX Market Commentary: July 12, 2013 - A dose of reality
11 Jul 2013  Collinson FX Market Commentary: July 11, 2013 - Egypt oil rises
11 Jul 2013  Collinson FX Market Commentary: July 10, 2013 - Bull run continues
09 Jul 2013  Collinson FX Market Commentary: July 9, 2013 - Aussies rebounding
06 Jul 2013  Collinson FX Market Commentary: July 6, 2013 - ANZAC Ups and Downs
05 Jul 2013  Collinson FX Market Commentary: July 5, 2013 - Rally extends to Europe
05 Jul 2013  Collinson FX Market Commentary: July 4, 2013 - Egypt pushes Oil up
03 Jul 2013  Collinson FX Market Commentary: July 3, 2013 - Equities travel well
MORE STORIES ...




News - USA and the World



































































Sailing through STEM Night at California YC
Six Metre European Championship - High temps and little wind on day 3
Women’s Match Race Golfe du Morbihan - Light wind opener in Vannes
International Moth Worlds: Rashley ahead as Aussies close in
ISAF Youth Match Racing Worlds - American unbeatable on day 1
RS Feva World Championships - All set at Yacht Club de Carnac
ISAF Rolex World Sailor of the Year Awards - Nominations now open
BIC Techno 293 Worlds - Steady winds on day 2 + Video
29er North American Open Championship - Qualifying series wraps up
Opening ceremony O'pen Bic World Cup, Travemunde Week, Germany
Six Metre Europeans - Wind fails to make an appearance on day 2
Edgartown Race Weekend - Let the sailing (and good times) begin
ISAF Youth Match Racing World Championship - Action commences July 23
International Moth Worlds - Mothballed on day 4 + Video
Spirits high as Team Alvimedica completes Transatlantic crossing
Gladwell's Line: A change of direction needed in the America's Cup *Feature
29er North American Championship - Day 1 in Kingston
Red Bull 49erFX: First look at the Olympic sailing venue at Rio
Fuerteventura Kiteboarding Grand Slam - Classic conditions on day 3
NYYC Race Week Part II images by Rolex/Daniel Forster
Drowning or electric shock? What you need to know to help save a life   
BIC Techno 293 Worlds 2014 - Day 1   
Six Metre European Championship - Blazing sunshine on opening day   
National Sailing Hall of Fame to present Lifetime Achievement Award   
International Moth Worlds: Greenhalgh and Rashley tied at the top   
PWA Pozo World Cup - Fantastic finale determines winners   
Six Metre Class British Open Championship - Llanoria and Valhalla win   
Anna Tunnicliffe set to compete at the CrossFit Games   
America's Cup: Oracle Team USA holds foiling camp at Wangi SC   
Volvo Ocean Race: Abu Dhabi OR completes double Atlantic crossing   
Volvo Ocean Race: Team SCA has a 'pull through day' off the Canaries   
No tiller sailing - how to steer using just the sails + Video   
International Moth Worlds: Three bullets in a row for Greenhalgh   
U.S. Junior Women’s Singlehanded Championship - Sophia Reineke wins   
BIC Techno 293 Worlds 2014 - Day 0 Opening   
Fuerteventura World Cup - Slalom action highlights day 2   
2014 Governor's Cup - Sam Gilmour of RFBYC victorious again   
Farr 40 West Coast Champ - Skipper Alberto Rossi leads Enfant Terrible   
Flying Dutchman World Championships - Magyars are the Masters   
Final day shakes up standings at Cape Panwa Hotel Phuket Raceweek   


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 WAS US
LocalAds   DE  ES  FR  IT