sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: October 11, 2013 - Surge ahead of Deal
Collinson FX Market Commentary: October 11, 2013 - Surge ahead of Deal


'Wanaka - San Francisco 18ft International - Day 3, 11 September 2013'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: October 11, 2013

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

US Equities surged overnight with the prospect of a deal on Capitol Hill. Talk is that the Republicans are ready to extend debt ceiling limits and postpone any stand-off. Caving, will embrace the markets, as equities surged but long-term problems remain. Currencies remained relatively unaffected with the EUR trading 1.3540 and the GBP 1.5975. Currencies and Bonds remain an impartial litmus on this political hyperbole.

Central Bank remain the conduit and their intentions are clear, globally! Keep the pump primed and flood markets with liquidity! Yellen will continue to print money, with gay abandon, because her socialist principles guide her towards the humanitarian Keynesian abyss, with no regard for Monetary rectitude. Risk currencies booked gains with the AUD hitting 0.9450 although the KIWI still struggled below 0.8300.

Markets are controlled by the Political impasse and Republicans look set to cave to Obama and equity markets surged. Democrats have seemingly won the game of chicken but their will be a huge political price to pay for this surrender!

C-Tech - 18ft International - Day 3, 11 September 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: October 10, 2013
Obama announced the appointment of the new Fed Chairman overnight and this overshadowed the growing crises over the Debt Ceiling/Government shutdown. The new Federal Reserve chairman is Janet Yellen and is the first female appointment. She is an academic and a dove, but significantly, second choice of the Administration.

The immediate effect on the market was to reverse the steady decline in equities, as she is seem as a dove on monetary policy and is likely to extend tapering, thus expanding bond purchases and increasing liquidity. Ordinarily this would adversely impact the Dollar but the prospects of a political deal has seen the EUR retrace back to 1.3510 and the GBP break the big figure to the downside just around 1.6000. Commodities remained mixed and the associated currencies were steady with the AUD 0.9430 and the KIWI consolidating below 0.8300.

Fed minute releases revealed most members expected tapering to begin this year and to be completed by mid-2014. Failure to act was seen as a challenge to credibility but this was ignored, as slowing economic data, pushed them to err on the side of status-quo. The Fed's actions have been to counter the grossly irresponsible fiscal policy, but Yellen's politics are partisan and will denigrate the office by her appointment.

The debt debate will continue to drive markets with developments dictating direction!

- 18ft International - Day 3, 11 September 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: October 9, 2013
Markets are transfixed with the Government shutdown and the Debt Ceiling impasse. This is a growing crises and will impact on global economies.

This happened a couple of years ago and resulted in a big hit to global markets led by equities. The US had their credit rating downgraded, despite the aversion of default. It appears that both sides are not prepared to negotiate and a crises is imminent.

Equities continued to bleed although currencies remain virtually unaffected with the EUR trading at 1.3575 and the GBP 1.6080. European economic conditions seem to be slowing and this has not been improved by the prospects in the US with default on the cards.

Commodity prices also remained mixed with the AUD holding 0.9400 but the KIWI slipping below 0.8300. It appears most directional pulls come from Political negotiations in the US and the failure of the Government negotiate a compromise.

Brinkmanship and last minute deals are a probable outcome, but damage can be done in the meantime!

Stoke (NZL) - 18ft International - Day 3, 11 September 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: October 8, 2013

The US Government partial shutdown and the looming debt ceiling expiry continued to dominate market direction.

An impasse has grown between the Republican House and the Democratic Presidency and Senate. The Republicans have been forced into a corner and do not want to capitulate and the Democrats want to force their position of strength. The problem only becomes more serious when the Debt Limit is reached mid October. It is hard to see a compromise without a capitulation and the Tories appear the more likely. The disruption to markets come with the uncertainty and this has been hitting equities hard in a month renown for major equity adjustments.

The USD was steady with the EUR trading 1.3575 and the GBP 1.6085. Commodities were mixed and the AUD traded 0.9435 while much of the Country was closed for Labour Day. The KIWI also experienced light trading and held near 0.8300. Watch US and European bonds for signals of danger during these political negotiations as this will reflect the danger levels in the 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=115634

11:47 PM Thu 10 Oct 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:

10 Oct 2013  Collinson FX Market Commentary: October 9, 2013 - Markets transfixed
10 Oct 2013  Collinson FX Market Commentary: October 10, 2013 - Debt crisis grows
09 Oct 2013  Collinson FX Market Commentary: October 8, 2013 - Debt ceiling looms
05 Oct 2013  Collinson FX Market Commentary: October 4, 2013 - Shutdown bites
04 Oct 2013  Collinson FX Market Commentary: October 3, 2013 - Battlin' on
03 Oct 2013  Collinson FX Market Commentary: October 2, 2013 - Shutdown on ignore
02 Oct 2013  Collinson FX Market Commentary: October 1, 2013 - Shutdown looms
28 Sep 2013  Collinson FX Market Commentary: September 27, 2013 - Break back
07 Sep 2013  Collinson FX Market Commentary: September 5, 2013 - Dollar rebounds
04 Sep 2013  Collinson FX Market Commentary: September 3, 2013 - Chinese growth
MORE STORIES ...




News - USA and the World

This summer’s ‘must have’ tickets for The America’s Cup World Series, Portsmouth (ACWSUK) are officially available from Monday 2nd March. Fans and spectators are encouraged to book their place now to avoid disappointment with event organisers already receiving a large number of ticket and hospitality enquires. ... [more]  

SCYA's E.E. Manning Regatta 2015 – They had never sailed together until six months earlier when they stepped onto a boat that neither had ever sailed, but skipper Joseph Hou, 15, and crew Skylar Jacobsen, 14, squeezed out a remarkable victory Sunday in the Southern California Youth Yacht Racing Association's Shadden Series ... [more]  

Shawn Bennett of Tiburon, Calif. won the Long Beach Stop of the 2015 California Dreamin’ Series Sunday in this International Sailing Federation (ISAF) Grade three match racing regatta hosted by Long Beach Yacht Club and raced on the Long Beach Sailing Foundation’s fleet of Catalina 37s. ... [more]  

Shawn Bennett of Tiburon, Calif. won the Long Beach Stop of the 2015 California Dreamin’ Series Sunday in this International Sailing Federation (ISAF) Grade three match racing regatta hosted by Long Beach Yacht Club and raced on the Long Beach Sailing Foundation’s fleet of Catalina 37s. ... [more]  

RORC Caribbean 600 – Arguably the best fleet of offshore racing yachts that has ever gathered in the Caribbean, took part in the seventh edition of the event. 66 yachts started the 600 mile race around 11 Caribbean islands, with numerous world champions, America's Cup and Volvo Ocean Race sailors taking part with passionate Corinthian amateurs, many of whom are members of the Royal Ocean Racing Cl ... [more]  

RORC Caribbean 600 – Arguably the best fleet of offshore racing yachts that has ever gathered in the Caribbean, took part in the seventh edition of the event. 66 yachts started the 600 mile race around 11 Caribbean islands, with numerous world champions, America's Cup and Volvo Ocean Race sailors taking part with passionate Corinthian amateurs, many of whom are members of the Royal Ocean Racing Cl ... [more]  

In November of 1994 Yachting Magazine consultant Gary Jobson asked Peter Craig, 'how hard can it be? Just raise some flags and blow off some guns.' And so began Craig's involvement in what was then a 112 boat - single division regatta that would soon evolve into an iconic annual international keelboat event. Yachting Magazine founded Key West Race Week in 1987. ... [more]  

Serious Fun! That's what participants, sponsors and onlookers are expected to have during the 35th St. Maarten Heineken Regatta which will be held in St. Maarten during March 05 - 08, 2015. The Regatta is considered to be the biggest in the Caribbean and offers a great combination of challenging races and fantastic gatherings under the banner of 'Serious Fun'! ... [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]  

Images from Auckland of the media conference on Sunday and prizegivings for Leg 4 ... [more]  

At the media conference held the morning after the finish of leg 4 of the Volvo Ocean Race, Mapfre skipper Xabi Fernandez announced that regular skipper Iker Martinez will be back on board for the next leg and most of the remainder of the race. Fernandez had taken over the role, skippering Mapfre to a 4th place on Leg 3 and a win on Leg 4. ... [more]  

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]  

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]  

Finn World Masters Championships 2015 - Pre registration open
Registration for the 2015 Finn European Championship is live!
RORC Caribbean 600, day 4 – Classic Focus and Four Figaro II teams
Hutchinson, Roble honored in New York as Best of 2014
Barcelona World Race - Pedestrian Pacific, Atlantic highway to home
America's Cup: Artemis Racing lines up against Oracle Team USA - Video
High Performance Yacht Design conference during Volvo OR stopover
Volvo Ocean Race: Ryan Houston - How Alvimedica's chemistry works *Feature
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   


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 WAS US
LocalAds   DE  ES  FR  IT