sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: June 19, 2012 - Elections come and go
Collinson FX Market Commentary: June 19, 2012 - Elections come and go

'Image of the Day Day 3 - Melges 24 U.S. National Championship 2012'    © Jan Anderson

Collinson FX market Commentary: June 19, 2012

The political climax of the Greek elections has come and gone. The G20 meet in Mexico, which is ironic considering the mayhem realised by this nation over the last few years.

The problem with relying on politicians is their inability to lead. The Greek situation is likely to deteriorate as victory is hollow and unlikely to solve the current crises. The teat, that the socialist mass has been sucking on, has run dry.

The simple concept of 'living within their means' is too foreign to a land of socialist utopia. The problems will continue and will spread like cancer to Spain and other PIIGS nations.

The EUR rallied on the news, pushing up to 1.2575 and the GBP to 1.5650. Commodity currencies are major beneficiaries of this dramatic economic/political news and are becoming the new safety play.

The AUD bolted through parity to trade at 1.0115 and the KIWI breaking 0.7900. Major upheavals await, with the Fed likely to announce concerted central bank intervention to test the theory of monetary ineptitude. Printing even more money will not work, but the fiscal conundrum has overwhelmed political leaders. Put the seat belt on!

Collinson FX market Commentary: June 18, 2012

Markets rallied strongly to close the week but for all the wrong reasons. Equities and Commodities all had strong gains but not through market confidence or growing global demand but from expectations of Central Bank intervention.

The AUD blew through parity to trade well above 1 and the KIWI booked gains to trade 0.7870. The crescendo is nigh with storm clouds gathering across the EU and contagion spreading to global markets.

The G20 meet this week and talk of a co-ordinated central bank intervention pumping the banks with yet further liquidity. This will work but is completely destroying the real value of money. We have seen US wealth dissappear over the last years and the Fed is to blame.

The Central Banks across the Globe have held off to monitor the Greek elections and stand ready for massive reaction should the Greeks undermine the EU. The only answer now is the monetary action which only enriches Banks and encourages bloated and inefficient financial institutions.

The greatest fear is the 'run on Banks' which has commenced in Greece and Spain. The EU is said to make an important announcement regarding more long term solutions which must include greater fiscal and political union to match the single currency. Secondary to this will be economic data which has been in serious decline of late.

US Housing will be important but expectations are not high.

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=98688

8:13 PM Mon 18 Jun 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:

15 Jun 2012  Collinson FX Market Commentary: June 18, 2012 - AUD blows past Parity
14 Jun 2012  Collinson FX Market Commentary: June 14, 2012 - Greeks grab cash now
13 Jun 2012  Collinson FX Market Commentary: June 13, 2012 - US equity markets lift
12 Jun 2012  Collinson FX Market Commentary: June 12, 2012 - Moves fail to impress
11 Jun 2012  Collinson FX Market Commentary: June 11, 2012 - Strong finish to week
08 Jun 2012  Collinson FX Market Commentary: June 8, 2012 - World up Europe tanks
07 Jun 2012  Collinson FX Market Commentary: June 7, 2012 - Off to a bear market?
06 Jun 2012  Collinson FX Market Commentary: June 6, 2012 - No news = stablility
05 Jun 2012  Collinson FX Market Commentary: June 5, 2012 - Currency against trend
03 Jun 2012  Collinson FX Market Commentary: June 1, 2012 - Equity markets crash
MORE STORIES ...




News - USA and the World









2014 Detroit Cup - Sam Gilmour leads by Dobbs Davis, Detroit, Michigan




Audi Melges 20 U.S. Nationals - Oleander takes early lead by International Audi Melges 20 Class Association,










Audi Hamilton Island Race Week: Riding the AC45 - VIDEO by Crosbie Lorimer, Hamilton Island










America's Cup: Five Challengers sign-on for 35th Match by Richard Gladwell/Sail-World.com/nz,


Volvo Ocean Race CEO Knut Frostad talks Time and Money (Part II) *Feature by Rob Kothe and the Sail-World team,


















AWT Quatro Desert Showdown at Punta San Carlos by American Windsurfing Tour,














MS Cup - Three days until the start
America's Cup: Rod Davis - Time for a change after ten years with team *Feature
ISAF seeking hosting bids for Nations Cup
Laser 4.7 Youth Worlds - Luvisetto and Alexadr Boite victorious +Video
IFDS World Championships - Action shots by Tim Wilkes
Maxi yacht rendezvous this September in Sardinia
World Yacht Racing Forum 2014: 'Growing the business of Yacht Racing'
Clipper Race: 2015-16 edition of world's longest ocean race 70% full
Sevenstar Round Britain and Ireland - Swish smash 5th World Record
Leaderboards take shape at the Nanjing Youth Olympic Games 2014
IFDS Worlds - Hot competition on first day of racing
Challenging Conditions - CORK OCR
IFDS World Championship - Day 1 for the US Sailing Team
2014 Melges 20 World Championship - Countdown begins
2014 Nanjing Youth Olympic Games - Day 3
America's Cup: Team NZ wish Davis well with new team *Feature
Fisher's View: Sailing perfection at Hamilton Island- Day 3
Roble and Wilson still number one match racers in the U.S.
2014 Formula Kite World Championship Day 1
IFDS World Championship - Day 1 images by Jude Robertson
Volvo Ocean Race: Forget the f-word - Team SCA profiled   
52 Super Series - Fleet grows, 2015 dates revealed   
420 and 470 Junior Europeans - Teams from 9 nations on the podium   
IFDS Worlds - Former president presented with ISAF awards medal   
Nanjing Youth Olympic Games - Improvements aplenty in Byte CII fleets   
America's Cup: New Zealand loses top coach to Artemis Racing   
Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature   
Sevenstar Round Britain and Ireland Race Day 9 - Swish on record pace   
2014 CORK Olympic Classes Regatta - Day 3   
2014 Nanjing Youth Olympic Games - Day 2   
2014 IFDS World Championship: Opening Ceremony images   
Opera House Cup - Images by Ingrid Abery   
Teams descend upon Cowes for inaugural J/111 World Championships   
Hamilton Island Race Week: Everywhere there's smiley people   
IFDS World Championships - US Paralympic hopefuls ready for racing   
Sopot Match Race - Poland's Tour debut deemed a triumph   
Vineyard Race celebrates 80th running of the East Coast classic   
Nanjing Youth Olympic Games: Young sailors begin racing on Lake Jinniu   
AWT Quatro Desert Showdown - Victory for Morgan Noireaux   
Sevenstar Round Britain and Ireland Race - Day 8: Test of endurance   


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