sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: March 15, 2013 - Oz dollar gets turbod
Collinson FX Market Commentary: March 15, 2013 - Oz dollar gets turbod


'- OKI 24hrs Race 2013, Lake Pupuke'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: March 15, 2013

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

The surge in equities continues unabated rising on the smell of an oily rag! Who would stand in front of a runaway freight train and the bulletproof bulls are on the march. The $85 Billion the Fed pumps into the economy has to go somewhere and the only place with return is equities.

Economic fundamentals have been positive thus encouraging the risk takers. The flow in to the US Dollar has turned with the EUR regaining 1.0300 and the GBP back above 1.5000. The AUD hit the turbo charger yesterday after an unexpected surge in Employment. The resilient Australian economy broke records adding 71,500 jobs for the last month.

The news alleviated further pressure for interest rate cuts and pushed the AUD to 1.0350. The RBNZ held rates unchanged and forecast no changes for the next year which released pushed the KIWI south.

The over-performing currency recovered overnight to regain 0.8200. Economic justifications seem marginal and a correction is likely but there is a world of pain for short positions at the moment.

Crew change - OKI 24hrs Race 2013, Lake Pupuke -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: March 14, 2013

Markets remained steady, unaffected by the election of the new Pope Francis. European markets were still decidedly weak still facing some extremely dire economic issues with only a dim light at the end of the tunnel. EU Industrial Production fell 1.3% as most member countries wallow deep in recession.

The EUR traded 1.2950 and the GBP 1.4925 reflecting the state of the Union with more downside likely. In the US, Retail Sales rose 1.1% which was a strong result and gave new impetus to the Bulls in the QE infused equity markets. Weekly Mortgage applications fell 4.7% which is a reversal of recent news in the housing sector. Economic fundamentals have been turning positive of late, giving markets confidence, but keep the powder dry as Bernanke has brought the US to this point and fiscal responsibility must now be adopted.

The AUD was trading just under 1.0300 after a boost of 2% in Consumer Confidence but political turmoil engulfs the nation. The KIWI held 0.8230 after strong rises in House Sales and Prices. The housing bubble frightens Reserve Bank Governors and this will alleviate any pressure to cut rates in today's meeting. Fundamentals will continue to drive markets for the rest of the week.

March 9, 2013 OKI 24hr Race (3) - OKI 24hrs Race 2013, Lake Pupuke -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: March 13, 2013
nsatiable bulls took a break in the US with equities drifting and the resurgent Dollar retracing. The EUR rebounded to above 1.3030 although the maligned GBP tests the big figure of 1.4800. The Pound is doing what it should do, reflecting the weak economy and falling, thus stimulating exports and raising the costs of imports. This will make it harder for citizens but it is how free markets work!

Many EU nations turn green looking at this phenomena and sink further into depression with austerity and a single currency reflecting the mess that is the union. The US continues to profit a new surge in confidence as equities hit all-time highs with the mighty peso! Bernanke has acted to destroy the strong dollar and create a new peso to battle the fiscal ineptitude of the socialistic policies Democrats have foisted on the once great!

There is no way out of this conundrum as any tightening of monetary policy would result in debt default. Fiscal rectitude is the only remedy for this immoral debt acquisition. Commodity prices remain strong, with Chinese demand steady pushing the higher yielding AUD back to 1.0300 and the KIWI to 0.8225. There are many serious questions to answer before this utopia becomes a reality as fundamental economic questions remain unanswered.

March 9, 2013 OKI 24hr Race (12) - OKI 24hrs Race 2013, Lake Pupuke -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: March 12, 2013
Employment gains in the US have supported the rally in equities and pushed the DOW to ever new record highs. The only challenge now lies in technical target levels with Fibonacci now being examined for possible chart resistance points that traders can focus on as a trigger for the inevitable correction. Asian markets were weaker after Chinese Industrial Production and Retail Sales disappointed analysts expectations.

European markets also were challenged, with the Fitch downgrade of Italy after markets closed Friday. Financials were under pressure as the Political impasse in Italy continues and data confirmed a further contraction in the economy. GDP contracted 0.9% for the quarter which translates to 2.8% annually. This is bad news for one of the EU's leading economic powers and combines with ever deteriorating deficit/debt levels to drive unemployment to levels that threaten social cohesion.

The US brushed off any negatives, with new record highs in equities as economic data supported the equity rally and the US Dollar. The fundamentals are improving at the margin and certainly do not support the growing bubble in equities which is a product of a search for return in a liquidity flooded market. Investors a piling in, anxious not to miss the boat, but traders will be looking for the exit door with the ever growing threat of the inevitable correction.

Kiwi edged higher to .8220 and AUD to 1.0230.

Yamaha - OKI 24hrs Race 2013, Lake Pupuke  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: March 11, 2013

The good news kept on coming in the US and equity markets continued to break fresh ground. The all important Non-Farm Payrolls beat expectations and added 236,000 Jobs, well above the 165,000 analysts had envisioned.

Unemployment fell to 7.7% and economic conditions seem to be on the rise. The flows back in to the US was reflected in the strength of the Dollar with the EUR consolidating below 1.3000 and the GBP struggling at 1.4915. Serious economic data releases in the UK and Euope will be a directional focus in the coming week.

The UK is mired in recession and has little in the way of relief. Having the Pound has probably saved them the austerity measures suffered by EURO participants and allowed currency advantages to boost trade. Fitch downgraded Italy to BBB after markets closed on Friday so we can expect a soft open to the new week with jitters filtering around the single currency zone.

The US goes from strength to strength with the Bulls in charge as the limitless sea of liquidity floods equity markets.

The flow back to the USD has left the AUD vulnerable trading under 1.0200 and the KIWI has slipped back to under 0.8200. With confidence on the rise the RBNZ is unlikely to move rates this week. US economic fundamentals may be the only brake on the rampant investors piling in to Share Markets!

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=107522

5:49 AM Fri 15 Mar 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:

14 Mar 2013  Collinson FX Market Commentary: March 14, 2013 - New Pope - no change
12 Mar 2013  Collinson FX Market Commentary: March 12, 2013 - US brushes off negs
11 Mar 2013  Collinson FX Market Commentary: March 11, 2013 - Good news from US
07 Mar 2013  Collinson FX Market Commentary: March 7, 2013 - KIWI drifts back
06 Mar 2013  Collinson FX Market Commentary: March 6, 2013 - DOW surges to high
04 Mar 2013  Collinson FX Market Commentary: March 5, 2013 -
01 Mar 2013  Collinson FX Market Commentary: March 1, 2013 - Boost for currency
28 Feb 2013  Collinson FX Market Commentary: February 28, 2013 - ANZAC falls again
28 Feb 2013  Collinson FX Market Commentary: February 27, 2013 - ANZAC's dive
26 Feb 2013  Collinson FX Market Commentary: February 26, 2013 - DOW nears high
MORE STORIES ...




News - USA and the World

Volvo Ocean Race: Heading for the speedway to Cape Town *Feature by Richard Gladwell, Sail-World.com/nz
The Volvo Ocean race fleet are now all around the turning mark of Fernando de Noronha, and have continued down the Brazilian coast. Currently the first three yachts, Abu Dhabi Ocean Racing, Team Brunel and Team Vestas Wind are all travelling at 17kts, as they travel around the St Helena High. ... [more]  

2014 International Masters Regatta - Anyone heading out to San Diego Bay this weekend is likely to witness some of sailing’s most legendary skippers show exactly why they’ve earned the reputation as the best in the business. Established in 1975 by Don Trask, the International Masters Regatta features the best master sailors from around the world and is being hosted by the San Diego Yacht Club ... [more]  

Join the crew of the ORMA60 TeamVodafoneSailing as they slash 20 minutes off their previous record for the PIC Coastal Classic on Friday. The Coastal Classic is a 119nm course from Auckland to Russell in the Bay of Islands. Originally conceived as a drag race between multihulls and monohulls ... [more]  

After more than 17 years with the International Sailing Federation (ISAF) Jerome has decided to pursue other professional challenges. ... [more]  

2014 Renaissance Re Junior Gold Cup - Stamina and determination were key factors for the competitors racing in day two of the Renaissance Re Junior Gold Cup today. The 14 international guests and 26 young Bermudians finished five races on Bermuda’s Great Sound. This is a test of endurance for any sailor especially young ones. ... [more]  

With less than a day left to reach the turning mark at Fernando de Nonoha, 220nm off the coast of Brazil, Abu Dhabi Ocean Racing has retained the lead she built in the Doldrums. She is unlikely to be headed, although the second boat on the water, Team Brunel is projected to be less than an hour behind at Fernando ... [more]  

One flight of the Quarter Finals was sailed Friday afternoon following the completion of the Qualifying Rounds and the selection of opponents and draw for boats. The Quarter Finals set Ian Williams against Marek Stanczyk, Taylor Canfield against Steffan Lindberg, Eric Monnin against Pierre Morvan, and an all Swedish pairing of Bjorn Hansen against Johnie Berntsson. ... [more]  

What could be better than racing for three days with over 2000 of the world's best sailors? How about racing for four days! The St.Maarten Heineken Regatta is proud to announce that their pre-event, the Gill Commodore's Cup, is accepting entries in all boat categories (excluding Lottery Class). ... [more]  

The seventh day of the La Torche PWA Grand Slam saw the light winds continue, despite a promising forecast for today. In the late afternoon a few of the sailors took part in a tow-in training session as there is scope to run a tow-in contest tomorrow, with the forecast looking glassy. ... [more]  

Picture postcard perfect conditions returned to Bermuda for the third and final day of Qualifying at the Argo Group Gold Cup, the sixth stage of the 2014 Alpari World Match Racing Tour. After yesterday’s torrential rain, Hamilton Harbour was bathed in glorious sunshine and breeze that by lunchtime was gusting up to the mid-teens. ... [more]  

Volvo Ocean Race: Leaders pass Fernando and head for Cape Town *Feature by Richard Gladwell/Sail-World.com/nz
Volvo Ocean Race Control reports that the lead boats in the 40,000nm race have rounded, or rather passed, the turning point off Fernando de Noronha. They are now proceeding down the Brazilian coast, to round the back of the South Atlantic high pressure zone , and have what is expected to be a fast ride to the Leg 1 finish in Cape Town. ... [more]  

Melges 32 Gold Cup on the horizon by International Melges 32 Class Association
With a fleet and sailors as diverse as the nightlife on Ocean Avenue, the Melges 32 Gold Cup, hosted by the Coconut Grove Sailing Club kicks off in just two weeks, featuring eighteen ultra-high performance Melges 32 teams from nine different countries. ... [more]  

Rolex Middle Sea Race - Keeping a good watch by Media Royal Malta Yacht Club
Peter Dimech, Principal Race Officer and Race Chair spoke about the storm that raged through the Rolex Middle Sea Race fleet. “The remaining yachts racing in the Rolex Middle Sea Race are expected to arrive at the Royal Malta Yacht Club by today and tomorrow. Whilst the wind speed has decreased, the sea state is still significant and we are keeping a close watch on the yachts still at sea. ... [more]  

Volvo Ocean Race 2014-15, Onboard Team Alvimedica. I’d hate to come across as being impossible to please but after days of wanting out of the doldrums, days of struggling with routines, with sleep, with a lack of regularity and consistency to our schedules, and of course--predictability to the weather—we’re 'out' and still trying to find it ... [more]  

Volvo Ocean Race 2014-15, Day 13 onboard Team SCA. I’m unsure if I should be nervous, excited, stressed, or thrilled today. As today I get to have fish guts smeared over me only to then become officially apart of King Neptune’s kingdom. ... [more]  

There was a shakeup at the top on day three of the 2014 RS:X Youth Worlds in Clearwater, Florida! Fully recharged thanks to the lay day yesterday, all competitors were eager to enter the final stretch of the competition in Clearwater, and the planing conditions in the forecast certainly contributed to the excitement on the beach. ... [more]  

The opening day of the 105-boat China Cup International Regatta saw old rivalries renewed in the Beneteau 40.7 class, as Vatti Sailing stole victory from Vanke Longcheer in the opening Simpson Marine Passage Race from Hong Kong to Shenzhen. ... [more]  

Team Alvimedica Navigational Strategist, Anderson Reggio, explains the issues ahead of the crews in the remaining half of leg 1 of the 2014-15 Volvo Ocean Race. After the Equator and Fernando, the weather looks to be shaping up to be pretty standard for the South Atlantic. The St Helena High which typically dominates this body of water is the main driver for breeze in the short term. ... [more]  

The next landmark, or ‘sea mark’ if you will, for Leg 1 is crossing the Equator, as Team Alvimedica continue to make their way south to round Fernando de Noronha off the coast of Brazil. Crossing this latitude is not like crossing any other on their way around the world, but has special significance for sailors who have never crossed the 0° parallel of latitude. ... [more]  

Volvo Ocean Race 2014-15 - Mapfre cruzará el Ecuador hacia las 13:00 aproximadamente. ... [more]  

Argo Group Gold Cup - A front slowly crossing Bermuda brought with it an overcast sky and rain squalls. Nonetheless, despite squelching their way ashore completely soaked, the Group 2 crews enjoyed the morning’s stronger breeze, the wind less shifty having veered into the southwest overnight, blowing down Hamilton Harbour rather than across it. ... [more]  

RenaissanceRe Junior Gold Cup - In second place, Adam Larson of Bermuda has seven points and had a great day on the water today. Larson, whose family is still without electricity after Hurricane Gonzalo, said he has been getting to bed a lot earlier these days and feels that the conditions also favored his performance today. ... [more]  

As predicted in last night's preview in Sail-World, the ORMA 60 TeamVodafone Sailing has set a new course record for the 119nm course in the PIC Coastal Classic. ... [more]  

Taylor Canfield (ISV) US One, top seed in Group 2, is the first skipper to qualify for the Quarter Finals in the 2014 Argo Group Cup. Canfield lost his first match in day one of racing against Chris Poole (USA) Riptide Racing. Since then the number two skipper on the Alpari World Match Racing Tour has sailed to seven straight points. ... [more]  

The forecast for day six at the La Torche PWA Grand Slam offered a slight possibility of producing some racing, but unfortunately the wind never really materialised meaning the sailors spent another day on hold. Throughout the day there were gusts of up to 10 knots, but the wind failed to improve beyond that. ... [more]  

Volvo Ocean Race 2014-15, Day 12 onboard Team SCA. This morning the boat was so quiet you could hear a pin drop, shortly after sun up we were hooning along in 20kts in a torrential downpour, by late afternoon we were sailing backwards, and who knows what tonight will bring. ... [more]  

The push and shove of 12 knots of Atlantic breeze – things are looking up in the Volvo Ocean Race. On board Abu Dhabi Ocean Racing, things are looking up. First in the fleet, and out of the Doldrums, they’re heading fast towards the Equator, trade winds blowing gusts of encouragement around their ears. ... [more]  

Volvo Ocean Race - Day 12 for Team Alvimedica by Amory Ross, Team Alvimedica
Volvo Ocean Race 2014-15, Day 12 onboard Team Alvimedica. There is no question as to the origins of the phrase 'down in the doldrums;' the monotony of these days is painfully apparent. It’s a pattern too familiar: a night of variable conditions—torrential rain and 20 knots of wind one minute, no wind and starry skies the next. Feast or famine. ... [more]  

With only nine days remaining until the close of entries, one of the smallest, most audacious and memorable yachts in the history of the CYCA’s Rolex Sydney Hobart Yacht Race, appropriately became the 100th entry. A mere 10.5 metres, James Cameron’s Hick 35, Luna Sea, will again do duty as one of the pintsized yachts in fleet for the 70th edition of the 628 nautical mile race. ... [more]  

Today was the last day of competition at the Student Yachting World Cup. Even though England’s victory was already for sure, the top-5-ranking could change a lot with two more races: Italy was second with 46 pts, Ireland third with 47 pts, Norway fourth (52 pts) and Switzerland fifth (58.2 pts)… the USA followed with 59 pts! ... [more]  

A varied and international fleet ranging from 40 to 100ft (12.19 to 30.48m) will set off for Grenada on Saturday 29th November from Lanzarote, the most eastern in the Canary Islands chain, in the Royal Ocean Racing Club's Transatlantic Race. ... [more]  

The United States will be the second most heavily represented nation at the Star Sailors League Finals when they take place at Nassau in the Bahamas between December 1st and 7th. Reflecting the consistency, quality and number of sailors involved in the Star class, the United States has the largest representation in the Star Sailors League with 294 skippers and 376 crew. ... [more]  

Airbus and Oracle Team USA have forged a technology partnership. As Official Innovation Partner of Oracle Team USA for the 35th America’s Cup, Airbus will share the know-how of its engineers and experts in fields such as aerodynamics, instrumentation and simulation, composites, structures, hydraulics and data analysis to work with the Oracle Team USA design team. ... [more]  

Rolex Middle Sea Race - Another dramatic day
Rolex Middle Sea Race - Artie confirmed as overall winner
Argo Group Gold Cup - Near perfect start for GAC Pindar
Volvo Ocean Race - A nightmare for sailors
The 2014 Severne Starboard Aloha Classic is coming...
Rolex Middle Sea Race 2014 - Artie's heroic return
Argo Group Gold Cup - Slender lead for Marek Stanczyk
Ben Ainslie Racing foiling on the Solent + Video *Feature
METS names DAME Award nominees
La Torche PWA Grand Slam - A day of rest for wave sailors
Rolex Middle Sea Race - A day of reckoning for the fleet
Volvo Ocean Race - Playing the Doldrums lottery
Volvo Ocean Race - Dongfeng Race Team takes on the Doldrums
Volvo Ocean Race - Team Alvimedica, somewhere in the windless ITCZ
Rolex Middle Sea Race - Artie gunning for glory
Volvo Ocean Race - Another perspective from Team SCA
Rolex Farr 40 World Championship - Success in San Francisco
RS:X Youth World Windsurfing Championship - Intense racing + Video
Rolex Middle Sea Race - Big breeze and lumpy seas
The first sail that changes lives
Volvo Ocean Race: Blogs from the Boats - Leg 1, Day 10 plus Videos *Feature   
Volvo Ocean Race: Leg 1 turns inside out in Doldums *Feature   
34th Student Yachting World Cup La Rochelle 2014 - Fifth race day   
2014 Argo Group Gold Cup - Match racers defy Gonzalo   
Volvo Ocean Race: Big gains for two boats in Doldrums *Feature   
Argo Group Gold Cup - Qualifying Groups set   
Renaissance Re Junior Gold Cup - Kids breeze past Hurricane Gonzalo   
DSS to revolutionise IMOCA 60s, both new and old   
ISAF Sailing World Cup Miami: Groupe Beneteau sponsors US Sailing Team   
Volvo Ocean Race - The bright side of the Doldrums   
Volvo Ocean Race - Team Vestas Wind contemplates the tropics + Video   
Volvo Ocean Race - Dull day, crazy night for Dongfeng Race Team   
Volvo Ocean Race - Team SCA ready for equator crossing   
Volvo Ocean Race - Tough challenge for Brunel's Pablo Arrarte Elorza   
RS:X Youth Worlds - Hard work on day 1 + Video   
St. Maarten Heineken Regatta - NoR released, entries open for 2015   
Rolex Middle Sea Race - A turning point for the fleet   
Volvo Ocean Race 2014-15 - Leg one – Doldrums for dummies   
Volvo Ocean Race: Blogs from the Boats - Leg 1, Day 9 plus Videos *Feature   
Rolex Middle Sea Race 2014 - Fight to the finish   


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