sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: March 6, 2013 - DOW surges to high
Collinson FX Market Commentary: March 6, 2013 - DOW surges to high


'Zeddie Nationals - Hard on the wind'    Don Gurteen    Click Here to view large photo

Collinson FX market Commentary: March 6, 2013

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

The chains have been broken on equities after the DOW surged past the previous all-time 2007 high. The rally is now approaching 10% for the year after 13% last year fueled by Central bank expansion in the extreme. It is hard to see this enormous rally not overstepping and the fundamentals do not support the massive gains thus a substantial correction is nigh.

The ISM Non-manufacturing Index sparked this specific rally in the US after European markets found faith after EU Finance Ministers agreed to a Bailout for Cyprus. Earlier Asian Markets lapped up Chinese predictions of continued growth around the 7.5% mark. The EUR was steady around 1.3040 and the GBP 1.5120. The RBA left rates unchanged which gave the AUD some impetus, rising to 1.0250. Retail Sales rose in Australia by 0.9% which was in line with RBA predictions of a recovery.

It does seem the RBA is talking things up as business and the Consumer remain bearish but they do hold further cuts up their sleeve if things continue to deteriorate. The KIWI continued to book gains as risk appetite rises moving up to 0.8300.

The headline is Equities and confidence but look for corrections supported by weakening economic data.

Zeddies in the Marborough Sounds -  Don Gurteen   Click Here to view large photo

Collinson FX market Commentary: March 5, 2013

Markets remained flat after poor news from Asia and Europe failed to spook investors. A huge week of economic news was set with little action so the Bulls once again resumed the drivers seat. Asian markets were lower after China poured cold water on the housing market with new restrictions on mortgages and deposit requirements.

The Japanese have installed a dove into the Bank of Japan with a new mission of breaking the deflationary economy that has engulfed Japan for the last 20 years. His mission (should he choose to accept it) is to break the flatline and reinvigorate the Asian tiger!. It will take more than Kuroda, with his lax monetary policies, to reignite an economy with serious structural problems and an aging population. China looks to cool the housing bubble but a command economy must result in aberrations. The EUR flirted with 1.3000 again and looks set to challenge the downside.

The AUD has come under extreme pressures with global risk aversion and the local housing market dipping. Building Approvals fell, reversing expectations, and with it confidence. AUD dropped to 1.0100 and look set to test the big, big, big figure. The KIWI was not as volatile, although testing 0.8200, the currency settled at 0.8250.

A huge week of global economic data should frame the markets and expectations should not be high! Any rallies will be fermented in Central Bank Monetary Policy rather than positive economic realities.

Zeddie Nationals - Getting a good start -  Don Gurteen   Click Here to view large photo

Collinson FX market Commentary: March 4, 2013

The Dow closed out the week strongly just below the all-time high of 14.164 ignoring the gloom merchants calling the sequester deadline an apocalypse. Markets were full of confidence after some reasonable economic news and investors on the rise. European markets were mixed after Unemployment data confirmed another rise to 11.9% and inflation contracted confirming the parlous state of the single market.

The EUR hovered around the critical 1.3000 level and the GBP 1.5000 and these psychological 'big figures' may trigger a major move lower. This would need confirmation in terms of economic fundamentals but these will be forthcoming. In the US, Manufacturing rose, as did Consumer Confidence, which supported the bulls but this leg of the rally may come under a stern test this coming week. Markets will be focused on Central Bank rate decisions from the ECB, BoE, BOJ and the RBA which may not see any action but associated commentaries could drive market sentiment.

All important Jobs data in the US and the Fed's Beige Book will have impacts. A plethora of global economic data will drive markets as Technical traders look closely at critical support levels. The AUD remains weak trading just under 1.0200 and the RBA action and Economic reports will heavily impact what is some negative hits to the economy.

The KIWI held 0.8200 but will be impacted by risk aversion. This could be a huge week to begin 'March Madness!'

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=107200

11:42 PM Tue 5 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:

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
25 Feb 2013  Collinson FX Market Commentary: February 25, 2013 - US Equity surge
22 Feb 2013  Collinson FX Market Commentary: February 21, 2013 - Questions asked
20 Feb 2013  Collinson FX Market Commentary: February 21, 2013 - Questions asked
19 Feb 2013  Collinson FX Market Commentary: February 19, 2013 - President's Day
15 Feb 2013  Collinson FX Market Commentary: February 15, 2013 - Frightened Bulls
MORE STORIES ...




News - USA and the World

Sail-World is now running live in the changed website format. If you are running on a Mac with iOS please scroll to the bottom of the site and check that your region is set for your region and not some other. It can be correctly set up using the drop down boxes. Then go to the top, click refresh, and you should be away. ... [more]  

Rolex Sydney Hobart: Wild Oats XI and Comanche Finish Images *Feature by Crosbie Lorimer, Hobart, Tasmania
The Comanche and Wild Oats XI teams were equally gracious in victory and defeat on the dockside in Hobart today. It had been a close fought battle and while Comanche had reeled Wild Oats XI back in overnight to within 9nm , there simply wasn't enough air to power up the American boat in the run across Storm Bay and up the Derwent River. ... [more]  

Rolex Sydney Hobart Yacht Race 2014: In what skipper Mark Richards described as the crew’s most hard-fought line honours triumph, Wild Oats XI held off the impressive challenge posed by Comanche, the newly-launched entry from the United States. Completing the race in 2 days, 2 hours, 3 minutes and 26 seconds, Wild Oats XI finished eight hours shy of the race record she set in 2012. ... [more]  

After being dismasted a short time ago in the Rolex Sydney Hobart, Giacomo is motoring to the lee of Maria Island. In other race news, a very disappointed Bill Wild has retired his Reichel/Pugh 55, Wedgetail, from the race after suffering mast damage in the Cruising Yacht Club of Australia’s 628 nautical mile race at approximately 7.40pm off Schouten Island. All are safe and well on board. ... [more]  

Rolex Sydney Hobart Yacht Race 2014: Spithill was one of six helmsmen on Comanche. 'We can’t leave it at that,' he declared after finishing in Hobart. He says that on his watch this morning the boat reached a top speed of 32 knots and knows what she is capable of. 'Everybody got to see the true potential of this boat at the start. ... [more]  

Top international yachting photographer, Carlo Borlenghi was in the air above the Rolex Sydney Hobart Race fleet and provided these images of the third day of racing in the classic ocean race, as the leaders closed in on the finish, and the dock celebrations by Wild Oats XI. ... [more]  

Rolex Sydney Hobart Yacht Race - 'This is the sweetest victory by far,' Wild Oats XI skipper Mark Richards declared today after steering the silver-grey thoroughbred to a record eighth line honours victory in the Rolex Sydney Hobart. 'To rewrite a bit of sailing history doesn’t come along every day. To win a Hobart is a great honour but to win an eighth; I can’t believe I am here,' Richards said. ... [more]  

Photographer Andrea Francolini was on the water at 2014 Rolex Sydney Hobart Yacht Race line honours finish and provided this gallery of images. ... [more]  

Wild Oats XI entered the Derwent River some forty minutes ahead of Comanche at the Iron Pot and gybed her way up river in 5-10 knot southeaster, bright sunshine and crystal clear light to take a record breaking eighth line honours win in this race at 3.03pm The size of spectator fleet that accompanied Wild Oats XI and the crowds on the dock were much the largest ever sen for this race. ... [more]  

The Volvo 70 Giacomo has lost her rig in the vicinity of Maria Island. A second yacht Wedgetail (an RP55) lost the top off her mast in the same area at the same time. Giacomo is a Volvo 70 owned and skippered by Jim Delegat (NZL) and has a full New Zealand crew aboard ... [more]  

Rolex Sydney Hobart Wild Oats XI takes number eight by Rob Kothe and the Sail-World Team
Wild Oats XI finished at 303pm, with her big A2 flying. Her elapsed time was two days two hours three minutes and twenty six seconds 02:02:03:26 That was some eight hours outside the race record she set in 2012 of 1 day, 18 hours, 23 minutes and 12 seconds. ... [more]  

At the 2014 Rolex Sydney Hobart Yacht Race photographer Daniel Forster was on the water and provided this gallery of images from Day 2. ... [more]  

Rolex Sydney Hobart: Wild Oats XI scores comfortable 8th win by Richard Gladwell, Sail-World.com/nz
Wild Oats XI (Oatley family) has crossed the finish line for the Rolex Sydney Hobart race to take her eighth win in the offshore classic. She crossed the finish line in the Derwent River sailing on port tack with a big asymmetrical headsail flying, and accompanied by a bevy of spectator craft as she crossed the finish line at 3.00pm local time. ... [more]  

In Alamitos Bay Yacht Club's annual Boxing Day race the hometown Gibbs brothers, Riley, 18, and Sawyer, 16, started last in their 49er skiff but passed all of the other boats of various types to finish first in brilliant sun but cool light air Sunday. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - Wild Oats XI is still leading the 2014 Rolex Sydney Hobart, some 38-nm from Hobart, and hoping to close in on a record eighth line honours win. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - The crew on the American super maxi Comanche have not thrown in the towel. They do not believe the race for line honours in the Rolex Sydney Hobart is over despite Wild Oats XI’s commanding lead. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - Bob Oatley’s 10 year-old super maxi Wild Oats XI is racing towards an historic eighth line honours victory in the Rolex Sydney Hobart this morning. ... [more]  

Rolex Sydney Hobart: Wild Oats rounds Tasman Island by Richard Gladwell, Sail-World.com/nz
Seven time race winner, Wild Oats XI (Oatley family) looks set to take her eighth win, after rounding Tasman Island just before noon, local time. The supermaxi rounded the landmark with a ten mile lead over the US supermaxi Comanche and has about 35nm to sail in a direct line to the finish line off Hobart. ... [more]  

With the front runners in the Rolex Sydney Hobart expected to sneak through in light to moderate tail winds, the weather prognosis for the remainder of the fleet is, well, interesting. The simple analysis is that fresh northerly winds will give the fleet a fast ride on Sunday and during the daylight hours of Monday. ... [more]  

Wild Oats XI (Oatley family) is expected to cross the finish line, around 4pm on Sunday and take her eighth line honours win. The race leaders are making good time down the coast of Tasmania, and at daybreak had approximately 100nm to sail. ... [more]  

Sydney to Hobart - Another 40 foot white-wash? by Rob Kothe and the Sail-World team
With the Supermaxi battle probably all over in this 70th Rolex Sydney to Hobart race, unless Wild Oats XI drops her rig in the next five hours, she is set to take her eighth line honours victory so at last the attention will shift to the real race, the battle for handicap honours. ... [more]  

Rolex Sydney Hobart: Your Turn, Then My Turn, Then Your Turn! *Feature by Crosbie Lorimer, Hobart, Tasmania
With the front runners over halfway to Hobart, this year’s race is turning out to be quite a page turner already; and that’s just the big boats. So let’s start with them. Wind back to the start, first honours to Comanche in the shoot out to the first mark. To be fair it was akin to pitting a brand new Bugatti Veyron against some classy and quick Ferraris and Porsches. The result in those ... [more]  

There is absolutely no way anyone can predict these before the vast majority of the still 109 vessels racing actually get home to Hobart Town. One can, however, talk about the very things that do go into making these results that so many chase and to do so, we have to work through a myriad of vessel designs, ages and types. ... [more]  

Rolex Sydney Hobart 2014; Handicap Honours Predictions VIDEO *Feature by Dale Lorimer, Hobart, Tasmania
Given the weather models for the race, Crosbie Lorimer did the rounds of the CYCA dock just prior to the start of the race to find out who the various skippers, navigators and tacticians believed might take out the overall Handicap win on IRC. Here are some of their predictions, how they are panning out for some and an update on the position at the front of the fleet. ... [more]  

Sydney Hobart 2014: A ridge too far for Comanche by Bruce Montgomery, RSHYR Media
2014 Rolex Sydney Hobart Yacht Race - That’s the conclusion that one might well draw from the huge difference in the performance of the Hamilton Island super maxi Wild Oats XI and her main challenger, the US boat Comanche. ... [more]  

Photographer Daniel Forster was in the air again for the Sydney Hobart 2014, and provided this gallery of images. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - The chase for line honours at the 2014 Rolex Sydney Hobart Yacht Race is intensifying with the leading boats approaching the halfway mark of the 628-nm race. ... [more]  

By Grand Prix ocean racing standards she’s an old girl, and there’s no denying she’s had a few makeovers during the past decade, but Bob Oatley’s 30-metre long supermaxi, Wild Oats XI, was leaving no doubt today that when it came to speed she’s still got great legs. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - After 24 hours the Hamilton Island supermaxi Wild Oats XI has taken the lead for the first time in the Rolex Sydney Hobart Yacht Race, the 70th sailing of the event. ... [more]  

Photographer Howard Wright was on the water at the start of the 2014 Rolex Sydney Hobart Yacht Race, and provided this gallery of images. ... [more]  

Looking back it is not so long ago that sailors making long trips had to make the key choice between light weight and taste. But now, thankfully, technology and demand means that there is more and better choice in freeze dried foods. But the lack of fresh food and the limited choice of diet does mean eating remains a chore, part of the daily routine during the three months ... [more]  

2015 Fireball World Championship - The event offers two weeks of unrivalled sailing in the beautiful waters of North Wales. Situated on the Llyn peninsular, just 10 miles from the Snowdonia National Park, racing will take place in Cardigan Bay within easy reach of the sandy beach from where the fleet will launch. ... [more]  

Rolex Sydney Hobart: Supermaxi Race Start VIDEO *Feature by Dale Lorimer, Sydney
The start of the Sydney to Hobart Yacht Race saw the five 100 foot super maxis up against each other for the first time. ... [more]  

Rolex Sydney Hobart: Perpetual Loyal forced to retire with hull damage *Feature
2014 Rolex Sydney Hobart: Clouds backs the small boats for overall win
Rolex Sydney to Hobart: Replay video coverage on Sail-World *Feature
Sydney Hobart - Comanche leads but Oats XI keeps the rubber band on
Will Comanche take a scalp?
Rolex Sydney Hobart Yacht Race 2014- Southerly takes its toll
Rolex Sydney Hobart: Comanche leads in softening morning breeze *Feature
Rolex Sydney Hobart - Comanche take a gun to the knife fight + Video
Rolex Sydney Hobart Yacht Race 2014 - Supermaxi contest + Video
Rolex Sydney Hobart: Images from the flying start on Sydney harbour
Rolex Sydney Hobart Yacht Race 2014: Start photos by Andrea Francolini
Sydney Hobart 2014 The Cutting edge Formula 1 yacht still leads
Rolex Sydney Hobart Yacht Race 2014 – Grand dame heads back to Sydney
Rolex Sydney Hobart Yacht Race - Day 1 start images by Carlo Borlenghi
Rolex Sydney Hobart: Race Start Images by Crosbie Lorimer *Feature
Clipper Ventures 10 starts Rolex Sydney Hobart Yacht Race
Rolex Sydney Hobart Yacht Race - Another year another record
Rolex Sydney Hobart 2014 – Comanche on the warpath
2014 Rolex Sydney Hobart - Spithill to grind on Comanche
Rolex Sydney Hobart Yacht Race – Spinnaker start forecast
Rolex Sydney Hobart Yacht Race - Wild Oats XI ready to go   
Adventures of a Sailor Girl: Hobart coverage - December 26 - Live   
Rolex Sydney Hobart - The Peyron Perspective -Old People On New Boats *Feature   
2014 Rolex Sydney Hobart - Spithill to grind on Comanche   
Rolex Sydney Hobart; Wild Oats XI trials Goose for Christmas   
Rolex Sydney Hobart Yacht Race 2014 - The Weather Gate *Feature   
For Christmas a Shiny new Sail-World.com *Feature   
Sydney-Hobart: Wacky Races 3 – Gravel and Red Max versus VMG *Feature   
Yankees at the Gate - A pre Sydney-Hobart conversation with Ken Read *Feature   
Rolex Sydney Hobart: Line Honours Skippers Press Conference - Video   
Barcelona World Race 2014-15 -A different Christmas   
Volvo Ocean Race: Team Vestas Wind recovery video *Feature   
Rolex Sydney Hobart Yacht Race 2014 - Another great journey south   
Sydney Hobart - Ragamuffin's David Witt explains deck failure + Video   
Wild Oats XI - Damage drama in lead-up to Sydney Hobart Race   
Rolex Sydney Hobart Yacht Race images by Photographer Carlo Borlenghi   
Five faces behind the 100ft super maxis by Andrea Francolini   
2014 Rolex Sydney Hobart Yacht Race - Everyone's in with a chance   
Comanche Designers talk before Sydney Hobart   
Olympic Sailing Waters - Rio de Janeiro   


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