sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: June 27, 2013 - The Lucky Country?
Collinson FX Market Commentary: June 27, 2013 - The Lucky Country?


'Ninja - 2013 Auckland Cup, Day 2'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: June 27, 2013

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

Stocks rallied strongly on the inverse trade that has become the new norm. The corrupted economy that has become the market where 'bad news is good' and 'good news is bad' has returned! Speculation that the Fed will backtrack on the tapering has become accepted policy. Hence, US GDP was reviewed back from 2.4% to 1.8%, and the market responded with a big move up in equities!

Weekly Mortgage Applications fell 3% which was icing on the cake for Wall Street. Conviction will not be Bernanke, as he back tracks and holds to the QE policy that has typified his reign. The Dollar remains static with the EUR 1.3010 and the GBP 1.5325. Commodities remain under pressure with energy on the rise and gold lower.

The associated currencies have been resilient with the AUD testing 0.9300 after a leadership spill dumping the incumbent leader. The sheer depth of incompetency in the 'lucky country' has resulted in the least worst option...Rudd! God help the country, after he was dumped for his failures by his colleagues and now is hailed as the Messiah! The KIWI has been testing 0.7800 but risks remain on the downside.

Extreme 40 - 2013 Auckland Cup, Day 2 -  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: June 26, 2013

Questions and doubts arise over the commitment of Bernanke to taper QE as the markets reaction has been extreme. Equities, Bonds and Commodities have all reacted with extreme negativity to the reality of QE reduction and the effect of high interest rates and the impact on the economic recovery has been profound. Bernanke will consider the impact of high interest rates on debt sustainability and will walk back his tapering.

The US economic recovery would stall leading to collapse back in to recession. The DOW rallied as market participants realised the reality and economic news was good. The Case Shiller Home Price Index rose 12.05% and House Sales also improved 2.1%. Durable Goods Orders rose 3.6 and Consumer Confidence hit post-2008 highs. The economic news was greeted with a rally in Equities and Commodities as inverse reaction from the QE effect was reversed.

The EUR held 1.3090 and the GBP 1.5425 were stable with the Dollar steady. The problem remains with the canary Bond Yields which continue to rise despite the news and the back tracking on QE reversal. This is the worry and continued upward pressure will scare the hell out of the Fed! Commodity support resulted in a boost for the associated currencies with the AUD trading 0.9275 and the KIWI 0.7750.

The Central bank policies will determine market moves and focus on long dated US Bonds for warning signals!

AucklandCupDay2-220313 (16) - 2013 Auckland Cup, Day 2 -  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: June 25, 2013

The market rollercoaster continued on steroids with equities, commodities and bonds all being hammered early, only to recover late in US trading. Chinese equities collapsed more than 5%, into bear market territory (20% below year high) amidst a huge credit squeeze as the Government attempt to get control of Monetary Policy.

In the US, the Dow moved in a 250 point trading range and the canary 10 year went up to 2.66%. Commodities took an absolute pasting with Chinese trouble easily translating into lower commodity demand. The VIX volatility index has skyrocketed reflecting the state of all trading markets. The EUR traded 1.3120 and the GBP 1.5440 with a resurgent Dollar. US economic data continues to improve reinforcing the Fed's penchant for tapering which, in turn, frightens the Equity markets.

Commodity volatility has hit the associated currencies with the AUD falling to 0.9150, only to recover back to 0.9275 with the bounce in US Equities. The KIWI dipped below 0.7700 but staged a late recovery to 0.7750.

The huge volatility is likely to continue as markets digest the new Monetary paradigm and the associated impact on economic growth. GDP growth is essential to address the enormous deficits and debt but rising yields will eat up this expansion and force economies back to structural recession.

Central Bank commitment to QE easing will be tested with rising rates and falling equities! This will be what drives markets over the near term!

AucklandCupDay2-220313 (17) - 2013 Auckland Cup, Day 2 -  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: June 24, 2013

Markets closed the week steady after the shock of the Fed's plans to begin to taper QE and terminate in 2014. This has crashed equity markets and sent waves of volatility through bond and currency markets. The AUD has fallen to the 0.91's but by the end of the week had rebounded back to 0.9235 and the KIWI stabilised around 0.7750.

Commodities have taken a pasting and look set to continue to test the downside as reduced QE will strengthen the US Dollar and China looks set to continue the recent credit squeeze. Chinese authorities are looking to temper the cash binge with higher rates and tight monetary policies. The squeeze will curb growth from the heady double digit growth rates back to a reasonable 7%.

This will have a knock on effect on commodity prices which will impact associated currencies. This has already manifested in the AUD which has fallen more than 10% in recent weeks. This week will continue to focus on Central Bank policies from China and Japan to the FED and ECB.

Economic data will have a secondary impact with housing data out in the US and GDP growth rates in Europe and the US. Look for a continuation of volatility as the addict weans itself off the drugs!

Watch out for the Monetary DT's!

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=111283

10:03 PM Wed 26 Jun 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 Jun 2013  Collinson FX Market Commentary: June 25, 2013 - Roller coaster market
22 Jun 2013  Collinson FX Market Commentary: June 21, 2013 - Fed spooks markets
20 Jun 2013  Collinson FX Market Commentary: June 20, 2013 - ANZAC's drop back
19 Jun 2013  Collinson FX Market Commentary: June 19,2013 - Weaker Oz outlook
18 Jun 2013  Collinson FX Market Commentary: June 18,2013 - Bulls emerge refreshed
06 Jun 2013  Collinson FX Market Commentary: June 6, 2013 - AUD crashes, KIWI down
05 Jun 2013  Collinson FX Market Commentary: June 5, 2013 - KIWI drops again
04 Jun 2013  Collinson FX Market Commentary: June 4, 2013 - AUD vulnerable
02 Jun 2013  Collinson FX Market Commentary: June 1, 2013 - Backwards and forwards
01 Jun 2013  Collinson FX Market Commentary: May 31, 2013 - Riding a rollercoaster
MORE STORIES ...




News - USA and the World

Melges 32 World Championship - Prepare for off-the-charts action by International Melges 32 Class Association
Entering its sixth World Championship season, the International Melges 32 Class Association has raced at arguably every world-class venue on the globe, has seen the most respected pro and amateur sailors on its courses and most importantly, learned valuable lessons of what owners and sailors want so that the Melges 32 continues to be strongest one design grand prix sportboat on the planet. ... [more]  

The Notice of Race for ISAF Sailing World Cup Miami, scheduled for 25-31 January 2015, has been released. On-line entry will open on 10 November 2014. The deadline for priority entries with regards to quotas is 5 December 2014. Entries must be received no later than 5 January 2015 to qualify for early entry. ... [more]  

New Ragamuffin 100 emerges from the hull build in Nowra *Feature by Richard Gladwell/Sail-World.com/nz
Ragamuffin 100, which started out as a modified Elliott design, Maximus, is another supermaxi undergoing a major rebuild or retrofit. Across the Tasman, the new Ragamuffin 100 will be virtually a new boat with a a new hull design by Andy Dovell / Syd Fischer / David Witt. The hull mould and shell was built by Innovation Composites at the Nowra facility. ... [more]  

The IFDS Rankings for Paralympic Classes have been released. It's a British 1-2 at the top of the 2.4mR Rankings with Megan Pascoe at world number one and Helena Lucas at world number two. 2014 World Champion Heiko Kroger (GER) sits at world number seven but counts less regattas than those above him. ... [more]  

The International Sailing Federation (ISAF) and Rolex are happy to reveal the Nominees for the ISAF Rolex World Sailor of the Year Awards 2014. ISAF received nominations for the 2014 Awards from across the world for sailors representing all aspects of the sport. ... [more]  

Like the name implies, the goal of the boater-funded BoatUS Foundation for Boating Safety and Clean Water is to educate boaters about safe and clean boating. The Foundation is looking to fund Grassroots Grant projects that utilize new, innovative approaches that encourage safe and clean boating among the boating public. ... [more]  

The 35th edition of the Rolex Middle Sea Race is fast approaching and appears likely to rewrite the record books. Entries are shortly due to close and the Royal Malta Yacht Club is already bracing itself for the biggest fleet to grace its island home since the Great Siege of 1565. The Ottoman Armada of 450 years ago was recorded to be 193 in strength. ... [more]  

A stellar list of just under 100 broadcasters has been lined up to showcase the world’s toughest ocean challenge, the Volvo Ocean Race 2014-15, to a new global audience of fans. The 12th edition has offered channels a line-up of a new 39-part weekly half-hour show plus special short bespoke features. ... [more]  

Photographer Eugenia Bakunova of leading Russian website www.mainsail.ru was on the water at Les Voiles de Saint Tropez on the French Riveria , and provided this gallery of images of the classics and other yachts racing on Day 2 ... [more]  

Southern Spars ships the world's tallest masts by Richard Gladwell, Sail-World.com/nz
Leading world sparmaker, Southern Spars, has shipped two spars for a new 85 metre ketch. The superyacht will carry two 93metre masts which will be the world’s tallest rigs on one gigantic yacht. ... [more]  

Professional sailing photographers from all over the world are invited to join the Mirabaud Yacht Racing Image award 2014. Started in 2009, the Mirabaud Yacht Racing Image is the world’s premier photography competition dedicated to the sport of sailing. The prestigious trophy will be awarded during the World Yacht Racing Forum in Barcelona, on December 11, 2014. ... [more]  

David Kellett (AUS) is to be awarded the ISAF Beppe Croce Trophy which honours an individual for their outstanding voluntary contribution to the sport of sailing. The ISAF Beppe Croce Trophy, first presented in 1988 in memory of Beppe Croce, the ISAF President from 1969 to 1986, will be presented to Kellett at the 2014 ISAF Annual Conference in Palma de Mallorca, Spain. ... [more]  

After being graced with plenty of late summer sunshine during the opening days of the event, more autumnal weather moved in on the fifth day of the DAVIDOFF Cool Water Sylt PWA Super Grand Slam with grey skies and infrequent showers. Unfortunately though the light winds continued as the sailors endured another lay day. ... [more]  

In a move that is expected to benefit recreational boaters, on Oct. 22 the US Coast Guard will drop the current life jacket type code scheme -- Type I, II, III, IV and V -- that has been used for years to label and differentiate the types of life jackets and their specific use. ... [more]  

Kate Nota and her team onboard the J/111 Odyssey won the Ripple Effect Short Video Contest, which was part of the Ida Lewis Distance Race this summer (August 15). ... [more]  

The largest Laser World Championship in history will be taking place on the south coast of France when 515 sailors, representing 36 different countries, begin racing on October 5 to open the 2014 Audi Laser Masters’ World Championships. The Laser remains one of the best and most popular boats worldwide in which to enjoy the sport of sailing. ... [more]  

Carlo Borlenghi was back on the water for day two at Les Voiles de Saint-Tropez to capture these images. ... [more]  

It has been an interesting journey so far for the Chinese team in the Volvo Ocean Race, Dongfeng Race Team. Approximately 10 months ago this team set out on a mission to select and train Chinese recruits in the hope that they would be ‘race ready’ for the start of leg 1 of the Volvo Ocean Race 2014-15. ... [more]  

Volvo Ocean Race fans can now carry the world’s toughest ocean race in their pocket, thanks to the launch of a new official mobile app. Developed for both iOS and Android systems, the app is available for download from the App Store and Google Play now – and boasts a host of exciting features which will allow users to be closer to the on-water adventure than ever before. ... [more]  

Race teams planning next season’s calendar could do worse than sign up for the Mount Gay Round Barbados Race Series 2015 which runs from 16-24 January. This event, which kick starts the Caribbean race season, was re-launched in 2014 with a new race format and plenty of record-breaking opportunities. It proved such a success that an even bigger entry is expected in 2015. ... [more]  

Photographer Eugenia Bakunova of leading Russian website www.mainsail.ru was on the water at Les Voiles de Saint Tropez on the French Riveria , and provided this gallery of images of the classics and other yachts racing ... [more]  

Sunset+Vine|APP, the Oxford-based unit of the multi-award winning UK independent TV sports production and media company Sunset+Vine, has helped ISAF smash all previous broadcaster records for the recent Santander 2014 ISAF Sailing World Championships. ... [more]  

2014 ISAF Sailing World Cup - Melbourne - Don’t forget to enter the ISAF Sailing World Cup – Melbourne. There are only two days left to take advantage of the discounted entry price offer. ... [more]  

2014 12 Metre North American Championships - Two days of a northerly (first strong, then light) and one day of a building southwesterly put six 12 Metre yachts to the test at their North American Championships, which were held off Newport, R.I. over September 26-28. Gunther Buerman’s (Newport, R.I.) KZ-3 and Dennis Williams’ (Hobe Sound, Fla.) Victory ’83 defended their titles ... [more]  

The waiting game continued on day four of the DAVIDOFF Cool Water Sylt PWA Super Grand Slam as the light winds continued. Over the course of the day a few sailors took the opportunity to make the most of the small waves on offer, either surfing or SUPping. After spending the day on hold the sailors were released at 4:30pm. ... [more]  

After Gmunden, Austria, in 2011 and Cala de' Medici, Italy, in 2012 and after a pained second place, same points with the Portogues 'Credite Egs' in Portosin, Spain, last year, the Italian crew coming from Puglia 'Euz II Monella Vagabonda', with Sandro Montefusco at the helm and his brother Paolo as a tactician, confirms for the third time the Platu 25 World Championship title. ... [more]  

Carlo Borlenghi was on deck for the first day of competition at Les Voiles de Saint-Tropez to capture these images. ... [more]  

Photographer Ingrid Abery was on site for day one of racing at the 2014 Les Voiles de Saint Tropez to capture these images. ... [more]  

The final day of the 2014 U.S. Team Racing Championship ended up being a half day of sailing due to a complete shutdown of the wind. However, the fleet completed enough races to count Gold Round Robin 3 and crown Ladies and Gentlemen as the back-to-back Team Racing Champions. ... [more]  

Michigan, the Great Lakes State, was a fitting location as The National Sailing Hall of Fame (NSHOF) gathered for the fourth time in the organization’s history to fulfill its mission to recognize Americans who have made outstanding contributions to the sport of sailing. ... [more]  

The International Sailing Federation (ISAF) has published guidelines for candidates bidding to host the 2016 ISAF Youth Match Racing World Championship. Bids to host the 2016 ISAF Youth Match Racing Worlds must be received by Friday 24 October 2014. ... [more]  

The onboard medic-sailors competing in the upcoming Volvo Ocean Race have completed their last medical training. More than a basic first aid refresher course, the mandatory medical training each Volvo Ocean Race team had to carry out in the last few months and days are key to survival while at sea. ... [more]  

Erik Simonson was on the water at 2014 Melges 20 Pacific Coast Championship to capture these images. ... [more]  

J/105 North American Champs- Rod Wilmer and Terry McLaughlin succeeds
Extreme Sailing Series: Burling and Tuke back on board for Nice Act
2014 Buddy Melges Challenge - Lotte Meldgaard Pedersen wins US event
America's Cup: Oracle Team USA's AC72 takes to the streets
Alpari World Match Racing Tour - Canfield wins first Dutch Match Cup
Pantaenius and Camper & Nicholsons Marinas become strategic partners
Kite Foil Gold Cup Australia 2014 – Day two video
Bart's Bash: Update and Video - Information overload!
2014 U.S. Team Racing Championship - Day 2
2014 Buddy Melges Challenge - USA leads Denmark in Sheboygan final
2014 U.S. Adult Sailing Championship - Benz Faget wins third mallory
J/105 North American Champ - Wilmer/McLaughlin team maintain advantage
Images from Cannes: Régates Royales – Trophée Panerai
Régates Royales – Trophée Panerai: Cannes at its best
Dutch Match Cup - Gilmour keeps clean sheet in Lelystad
Dutch Match Cup - GAC Pindar through to fifth consecutive semi-final
Hobie 16 Open North Americans and 2015 Pan Am Games qualifier overall
Volvo Ocean Race - Frostad on Boat Design and final changes (Part II) *Feature
Volvo Ocean Race 10 days to go – Frostad on cultural change (Part I) *Feature
2014-15 Volvo Ocean Race on NBC Sports Network in the U.S.
2014 J/24 World Championship - Will Welles’ Cougar clinches   
2014 Buddy Melges Challenge - Meldgaard and Le Berre ready for semis   
2014 U.S. Adult Sailing Championship - Day 3   
2014 U.S. Team Racing Championship - Day 1 + Video   
America's Cup: Then and now - Coutts on why Oracle won, and the Venue   
Byte CII World Sailing Championship comes to Royal Varuna, Thailand   
Dutch Match Cup: Canfield wins Qualifying, six set for Quarters battle   
12 Metre North Americans - A blast from the America’s Cup past   
2015 ISAF Sailing World Cup qualification system published   
Volvo Ocean Race: Mapfre named as Spanish team sponsor + Video   
Extreme Sailing Series returns to Nice for the penultimate Act of 2014   
ISAF invites bids for 2016 Women's Match Racing World Championship   
2014 ISAF Sailing World Cup, Melbourne - Teaming up   
Mascalzone Latino Jr. named 2014 Melges 20 European Ranking Champion   
2014 Buddy Melges Challenge - Le Berre keeps winning in Sheboygan   
Hobie 16 Open North American Champ and Pan Am Games Qualifier - Day 4   
2014 U.S. Adult Sailing Championship - Day 2   
J/105 North Americans - Wilmer and McLaughlin master light conditions   
J/24 World Championship - Will Welles hangs on going into last day   
Open 2.4mR World Championship on the horizon   


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