sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: November 16, 2013 - ANZAC gains
Collinson FX Market Commentary: November 16, 2013 - ANZAC gains


'- Etchells Invitation Series - November 12, 2013'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: November 16, 2013

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

Equity Markets continued to break new ground with assurances from the Fed nominee, Janet Yellen, that QE Infinity will continue for the forseeable future.

Interest rates will continue to be kept at unnaturally low levels to prime the pump of the US economy. The continued flood of liquidity pours into equities and undermines the Dollar. This will be the great equilizer as the value of the USD collapses, and with it, the wealth of Americans. The ailing Eurozone even managed gains, with the EUR hitting 1.3500 and the GBP back to 1.6110.

The coming week will look closely at growth, confidence and manufacturing in Europe. The US will look at Housing and Manufacturing, as will China.

Central Bank activity continues to dominate markets and promote asset values boosting associated currencies. The AUD rose back to 0.9365 with improving consumer confidence. The KIWI also booked gains to 0.8330 as economic fundamentals continue to improve.

- Etchells Invitation Series - November 12, 2013 -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: November 15, 2013
All eyes were on the confirmation of Fed nominee, Yellen, appearing before congress. Yellen reiterated her dovish philosophies toward monetary policy and confirmed her support for stimulus.

She observed the US Economy was 'operating below potential' thus reinforcing the QE Infinity policy. Yellen also noted that there was 'no evidence of an asset bubble on stock markets', but it is hard to imagine markets trading at these record breaking levels, without the epic flood of Fed liquidity!? Great for Wall Street but is this trickle down effect on Main Street?

The Dollar remains under continued assault and trades at EUR 1.3475 and the GBP 1.6075, despite anemic economic growth, from the Eurozone. NZ Manufacturing PMI rose to 55.7 from 54.2 and Consumer Confidence rose to 5 from 2.9.

The good, local economic news was contradicted by a fall in Retail Sales, but remained positive with the local currency trading around 0.8250. The AUD trading just below 0.9300 with some support for commodities. Central bank activity and intended activity remain the main driver of equities, currencies and bonds.

- Etchells Invitation Series - November 12, 2013  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: November 13, 2013

Speculation is rife across the US markets fueled by improving economic data and predictions of an easing in QE Infinity. Non-Farm payrolls added more jobs than expected and GDP growth also moved north.

The commencement of tapering may begin by years end but it would be easy for Bernanke to give the hospital pass to Yellen. She is a Dove and is unlikely to move rates up but will face the problem of easing/withdrawal and this will surely test her skills.

The Dollar rose with the speculation of tapering, with the EUR 1.3440 and the GBP 1.5910. US 10 year bonds approached 2.8% as the bond vigilante's do what the Fed fails to. Previous expectations of an end to QE saw rates rise to 3% and this would be the next target. Any break out would be a serious red flag. Commodities currencies seem to be suffering risk worries with the AUD back below 0.9300 and the KIWI 0.8200.

NZ House prices continue to rise, with sales, so an easing in the pressure on the currency would be welcomed by the RBNZ. Look at economic data and speculation of Central Bank activity to drive markets as equities test record highs.

Etchells Invitation Series - November 12, 2013  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: November 12, 2013

Equity markets hovered around record levels with rising debate over the continued QE Infinity stimulus. The Fed has continued to pump $85 Billion per month into the US economy, which has created the extra-ordinary bubble that will now be tested.

The parameters that were set by Bernanke, including employment and growth, are coming close to being satisfied. Employment remained steady last Friday but Non-Farm Payrolls added over 200,000 jobs, beating expectations. The Holiday season is fast approaching so the appetite of the Consumer will now be under the microscope. It remains hard to see the Fed moving before the new Fed Chairman assumes control in the New Year.

The EUR remains steady, trading 1.3400, with little happening in the single market to drive confidence. Commodities remain bid, as the value of the Dollar dilutes, but remain vulnerable to risk. The AUD traded around 0.9350 and the KIWI 0.8230.

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=116755

10:26 AM Sun 17 Nov 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:

20 Nov 2013  Collinson FX Market Commentary: November 19, 2013 - Dow sets new high
15 Nov 2013  Collinson FX Market Commentary: November 15, 2013 - USD under assault
13 Nov 2013  Collinson FX Market Commentary: November 13, 2013 - ANZAC eases
13 Nov 2013  Collinson FX Market Commentary: November 12, 2013 - Hovering markets
09 Nov 2013  Collinson FX Market Commentary: November 8, 2013 - A volcano?
07 Nov 2013  Collinson FX Market Commentary: November 7, 2013 - Markets surge
07 Nov 2013  Collinson FX Market Commentary: November 6, 2013 - Markets static
05 Nov 2013  Collinson FX Market Commentary: November 5, 2013 - Expectations high
02 Nov 2013  Collinson FX Market Commentary: November 1, 2013 - Markets positive
31 Oct 2013  Collinson FX Market Commentary: October 31, 2013 - Stimulus stays
MORE STORIES ...




News - USA and the World

Miami Sailing Week (BMSW) presented by EFG Bank will kick off with 173 boats traveling to Coconut Grove to compete in the 88th Bacardi Cup ... [more]  

Volvo Ocean Race: Leg 4 finishes at night after a tense day *Feature by Richard Gladwell, Sail-World.com NZL
The finish was more like that of a short 100nm race around the Hauraki Gulf. Instead, the first three boats to cross the finish line at the end of Leg 4 of the Volvo Ocean Race arrived mid-evening. ... [more]  

Barcelona World Race – After the limits of the southern oceans imposed by the combination of the weather systems and the safety barrier of the Antarctic Exclusion Zone, the Atlantic is opening up for the top trio. ... [more]  

Volvo Ocean Race - Images from Auckland after leg 4. ... [more]  

Volvo Ocean Race 2015 – MAPFRE’s stand-in skipper Xabi Fernández (ESP), was savouring a memorable Leg 4 triumph on Sunday, but his stint in charge will come to a halt for the next stage through the Southern Ocean. ... [more]  

Farr 40 International Circuit - Alex Roepers doesn't like to dwell in the past. However, when prompted, the New York businessman will talk about the magical run he and the crew aboard Plenty enjoyed during the 2014 Farr 40 International Circuit. To the contrary, the thrill of victory only made Roepers and the Plenty team hungry for more. ... [more]  

Coast Guard crews continue the search Monday for Richard Byhre, the 76-year-old sailor who did not return from his sailing trip as expected. ... [more]  

The International Sonar Class is pleased to announce that Shumway Marine, with the cooperation of designer Bruce Kirby has made arrangements to have the Sonar built by Rondar Race Boats in the U.K., with plans eventually to have the boat built on both sides of the ocean. The American Rondar facility is in Peabody, MA. Rondar, expects to launch its first Sonar in April. ... [more]  

Rio de Janeiro's state environmental agency says it is investigating a fish die-off that has left thousands of carcasses floating in waters where sailing events are to be held when Brazil hosts next year's Olympics. ... [more]  

This year's 35th edition of the St. Maarten Heineken Regatta is nothing less than an island-wide effort. Besides the sponsors, countless volunteers and the numerous local organizations that offer their excellent services, the Regatta Organizers would like to say special thanks to the hotels which are so generous to donate complimentary hotel rooms for the St. Maarten Heineken Regatta. ... [more]  

Volvo Ocean Race: Images ashore after Leg 4 by Richard Gladwell, Sail-World.com NZL
Sail-World's NZ Editor, Richard Gladwell, was on the water and ashore for the finish of Leg 4 of the Volvo Ocean Race, and provided this gallery of images after the first three boats had docked. ... [more]  

Volvo Ocean Race: Images from the finish of Leg 4 by Richard Gladwell, Sail-World.com NZL
Sail-World's NZ Editor, Richard Gladwell, was on the water for the finish of Leg 4 of the Volvo Ocean race, and captured these images from the final few miles of the race, and on the dock. ... [more]  

O MAPFRE conquistou de maneira emocionante a quarta etapa da Volvo Ocean Race, disputada entre a China e a Nova Zelândia. Na manhã deste sábado (28), o barco espanhol cruzou a linha de chegada em primeiro após quase 21 dias de navegação. ... [more]  

RYA Suzuki Dinghy Show - a British tradition by Rob Kothe and Jedda Murphy
Our favourite boat show in the whole world is the RYA Suzuki Dinghy Show. It is like no other, with a large percentage of eight to 15-year olds, with many young siblings often dragging their parents down the aisles. Its a dull overcast day in Lonon with rain showers, but inside the heated halls of the Alexandra Palace, the fabled 'Ally Pally' , around 5,000 visitors will gaze at touch and feel ... [more]  

MAPFRE (Xabi Fernández/ESP) emerged victorious despite a pair of major setbacks in Leg 4 following one of the tightest-fought finishes in Volvo Ocean Race history on Saturday night. The victory gives the 2014-15 edition its fourth winner in four legs following successes for Abu Dhabi Ocean Racing (Ian Walker/GBR), Team Brunel (Bouwe Bekking/NED), and Dongfeng Race Team (Charles Caudrelier/FRA). ... [more]  

Mapfre took the gun, Abu Dhabi Ocean Racing was second and Dongfeng third. Photographer Ainhoa Sanchez was in the air over Auckland for 2014 – 2015 Volvo Ocean Race, and provided these images. ... [more]  

Photographer Ainhoa Sanchez was in the air as the fleet approached Auckland for the end of leg 4 for the 2014 – 2015 Volvo Ocean Race, and provided this gallery of images. ... [more]  

The wind has switched half turn and boats are now beating upwind to the finish, MAPFRE has held their lead and with the change in direction look quite safe. Team Alvimedica who was catching up at speed has slowed right up, caught in light winds behind Tiritiri Matangi island. With less than 10nm to go to finish and a fair 10kt wind holding, the slow patch looks to have been removed from equation ... [more]  

2015 RORC Caribbean 600 - Hap Fauth's American JV72, Bella Mente has been declared the overall winner. Whilst several yachts are still racing, by the morning of Friday 27th February none of the remaining teams had the ability to better Bella Mente's corrected time under IRC. It was third time lucky for Bella Mente as the Maxi 72 has finished second overall for the past two years. ... [more]  

Catch the live coverage of the Leg 4 Finish in Auckland. Check the video timer for a countdown to the start of coverage and the expected race finish time. Sail-World is updating the on the water action and weather - which has compressed the lead four boats ... [more]  

Racing in second place in the Barcelona World Race, the Barcelona sailor Guillermo Altadill and Chilean José Muñoz passed Cape Horn (67° 17' 35 W) this morning at 2h12 UTC (3h12 am in Barcelona, 11h12 pm of the 27th of February in Chile), after 58 days, 14 hours and 12 minutes of racing since their start from the Catalan capital on 31 December 2014. ... [more]  

On Sunday March 8th 2015, the St. Maarten Heineken Regatta will close out the final night of music with one of the most distinctive performances to date. DJ Natty Rico will be the final act to grace the regatta stage during the 'Legendary Party' following Kool and the Gang. His unique blend of saxophone playing and DJ skills will have your jaw dropping in amazement. ... [more]  

Barcelona World Race - Cape Horn beckons for second and third placed Neutrogena and GAES Centros Auditivos. While the two IMOCA 60s are expected to pass at speed with around six hours of separation, in what might be considered favourable conditions for one of the most inhospitable and complicated corners of the Barcelona World Race, amidst the long hours of stress and fatigue ... [more]  

SCYA Manning Regatta – The youth-heavy event is the fourth and last stop of the Shadden Series for teenagers under 19 not yet in college and is also a move-up regatta under the advancement guidelines of the International Naples Sabot Association. ... [more]  

US Sailing’s Rolex Yachtsman & Yachtswoman of the Year Awards 2015 ceremony celebrated the sailing accomplishments of Terry Hutchinson (Annapolis, Md.) and Stephanie Roble (East Troy, Wisc.) as it returned to the iconic Model Room at the New York Yacht Club in Manhattan after having moved to the west coast for the past three years. ... [more]  

For the Finn World Masters in Kavala, Greece pre-registration is open. So far 130 Masters have entered. 2015 will be the first time the Worlds Masters have been held in Greece. ... [more]  

The website for the 2015 Finn Open and Junior Europeans in Split, Croatia, is now live, with online entry open. The last time the Finns had an event there the wind did not cooperate and the fleet ended up sailing some races as the sun set. ... [more]  

RORC Caribbean 600 – Four Figaro II teams, all from the Guadeloupe Grand Large sailing academy, are racing in this year's event. 18 sailors from the offshore racing academy are racing on four identical yachts and have high aspirations for the future; the Solitaire du Figaro, Route du Rhum or the Everest of offshore solo-sailing, the Vendée Globe. ... [more]  

After having moved to the west coast for the past three years, US Sailing’s Rolex Yachtsman and Yachtswoman of the Year Awards ceremony returned to the iconic Model Room at the New York Yacht Club in Manhattan to celebrate the sailing accomplishments of Terry Hutchinson (Annapolis, Md.) and Stephanie Roble (East Troy, Wisc.). ... [more]  

If, in the end, the Pacific gave up race leaders Cheminées Poujoulat without too much of a fight and since Wednesday morning the Atlantic, in turn, has opened its fastest toll-free lane north east to Bernard Stamm and Jean Le Cam, the Pacific seems rather more keen to hold on to second and third placed Neutrogena and GAES Centros Auditivos. ... [more]  

America's Cup Defender Oracle Team USA and Challenger, Artemis Racing lined up for a series of try-outs on San Francisco Bay. Videographer John Navas was shoreside with a new high resolution video camera and provided these videos of the training sessions and hook-ups. ... [more]  

The HPYD conference is jointly organised by The Royal Institution of Naval Architects (NZ) and The University of Auckland and will be held at the Marine Event Centre in Auckland to coincide with the Volvo Ocean Race stopover. It attracts some of the world’s most preeminent yacht designers and is recognised as one of the top three conferences in this area internationally. ... [more]  

Volvo Ocean Race: Ryan Houston - How Alvimedica's chemistry works *Feature by Richard Gladwell/Sail-World.com NZL
Ryan Houston is a watch captain aboard Team Alvimedica. He sailed in two previous editions of the Volvo Ocean Race – in 2008-09 aboard Delta Lloyd and 2011-12 on the incident plagued Volvo 70, Sanya. With the switch to the one design, ruggedly constructed Volvo 65 for this race many of the issues that bedevilled the competitors and organisers in the previous races appear to have been resolved. ... [more]  

Volvo Ocean Race: Dave Swete - Alvimedica's race so far *Feature
Volvo Ocean Race 2015 – No sleep until Auckland
Etchells NA Midwinter East Series - Schoonmaker Cup preview
RORC Caribbean 600 day 4 – Close competition – 43 yachts still racing
Volvo Ocean Race: Team Alvimedica hopes to use Coastal Classic tricks *Feature
AC45 Turbo Training - Oracle Team USA images by pressure-drop + Video
America's Cup: Emirates Team New Zealand gears up on less money *Feature
Volvo Ocean Race – The race tightens as New Zealand looms
AWT Goya Pro Cabo Verde kicks off in style!
Barcelona World Race - Two different worlds separated by Cape Horn
America's Cup: Barker offered non-sailing role by Emirates team NZ
2015 CYC Midwinters Race – Pictures by pressure-drop.us
CYC Midwinters Racing – Bring On The Breeze! – Overall
Laser World Championship – Over 2000 sailors to race in Kingston
Volvo Ocean Race: Barkow and Lush - from the Olympics to the Volvo *Feature
Volvo Ocean Race 2015 – Its anyone's race - Leg 4 to Auckland
Barcelona World Race - A time for extra care and caution
2015 RORC Caribbean 600 - Phaedo3 breaks record
Barcelona World Race - Cheminées Poujoulat pass Cape Horn
2015 RORC Caribbean 600 - Records predicted to tumble + Video
2015 ISAF Women’s Match Racing World Championship - NOR released   
Asher Otto and Itchy Feet to open up the Caribbean Jam night   
RS Sailing and BIC Sport North America team up for sailing programs   
RORC Caribbean 600 – Record pace on Day 2   
Port of Los Angeles Harbor Cup - About to begin   
10 tips from BoatUS for owners and renters   
Aquece Rio International Sailing Regatta – Notice of Race online   
2015 CYC Mid Winters images by h20shots   
Adventures of a Sailor Girl: News and interviews from February 23 show   
Volvo Ocean Race: Ryan Houston looking forward to his Kiwi home   
Volvo Ocean Race: Wislang expected to lead Kiwis home after fast ride   
Volvo Ocean Race – Now the race to Auckland is truly on   
America's Cup: Spooner fails in attempt to have Oracle AC45 arrested   
2015 505 Midwinter Championship - Final race   
Barcelona World Race – Renault Captur resume, Spirit of Hungary stuck   
2015 ISAF Youth Sailing World – Emerging Nations Programme announced   
Barcelona World Race - Spirit of Hungary to make surprise pit-stop   
US Sailing Match Racing Committee launches The Dial Up Newsletter   
JJ Giltinan Trophy: Michael Chittenden's images from Race 7   
Volvo Ocean Race – The Doldrums outside the Doldrums   


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