sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: October 3, 2013 - Battlin' on
Collinson FX Market Commentary: October 3, 2013 - Battlin' on


'18ft Skiffs San Francisco, USA'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: October 3, 2013

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

The US Government battled through the second day of partial shutdown with equity markets losing further ground entering the bear heaven...October! The lack of confidence, bred from uncertainty, aggravated by the prospect of the debt ceiling debate, could result in some serious damage to the worlds largest economy.

Default and downgrade would blow the socks off confidence and hammer global bond prices. These are all considerations and markets do not like them. The USD slipped, with the EUR testing 1.3600 and the GBP consolidating above 1.6220. Obama has called in Congressional leaders to find a solution, but his ineffective leadership has plagued the US in many spheres over his tenure.

Commodity prices firmed, giving the AUD a boost to 0.9380, after some steady local Building Approval data and trade numbers. The KIWI held the important 0.8300, but remains a risk currency to be 'handled with care'.

Markets remain reactionary to Political developments in the US, as current negotiations may determine the coming debt crises.

Stoke Beer(NZL) 18ft Skiffs San Francisco, USA -  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: October 2, 2013

The US Government shut down and 800,000 Federal workers receive a furlough but the world did not come to an end!? Surely the loss of some 800,000 Federal workers is not going to destroy the global economy and the markets decided that too. This can only be temporary as they do perform some necessary tasks and the outcome may determine the result of the real fight looming.....the Debt Ceiling debate!

It is the compromise reached over these actions that may determine a change in fiscal policy and political ascendancy in the US. The ISM report, released overnight, showed a rise in Manufacturing activity in the US which may encourage thoughts of the dreaded tapering. The EUR remained flat, trading 1.3530, after some lackadaisical PMI Manufacturing data releases and flat Employment statistics. Commodities drifted lower with Chinese Manufacturing PMI showing no real signs of imminent break out recovery.

The impact on the AUD was inverse, as the RBA left rates unchanged at 2.5% and some positive economic reports. Australian PMI rose to 51.7 from 46.4, with New Home Sales rallying by 3.4% and Retail Sales improving by 0.4%. Economic data improvement may be a good sign domestically with the adults taking over Government.

The KIWI did not fare as well drifting to 0.8275 correcting a recent surge in the Trans-Tasman cross rate. Look for plenty more economic data and Geo-Political action to drive volatile markets.

18ft Skiffs San Francisco, USA -  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: October 1, 2013

Equity markets fell again overnight as the pending US Government shutdown appears more likely.

The deadlines are disappearing and it seems likely the shut down will occur with the Debt Ceiling debate looming large. Uncertainty prevailed overnight and another volatile October seems to be in the offing. Equities hate the uncertainty and the steady meltdown continues. The USD is not as attractive in the face of all the political warfare and the GBP continues to book heavy gains, rising to 1.6180.

Even the single European currency took heart and rallied to 1.3525. Commodity currencies continued to be beneficiaries with the KIWI breaking 0.8300 after a rise in business confidence.

The AUD also managed to break back over the 0.9300 in spite of adverse local currents. Attention will be focused on the US Government so politics will drive markets over the next 24 hours!


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=115345

11:56 AM Fri 4 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:

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
30 Aug 2013  Collinson FX Market Commentary: August 30, 2013 - Wall St over Syria
29 Aug 2013  Collinson FX Market Commentary: August 29, 2013 - War stops Kiwi drops
29 Aug 2013  Collinson FX Market Commentary: August 28, 2013 - War talk crash
28 Aug 2013  Collinson FX Market Commentary: August 27, 2013 - NZ numbers not good
25 Aug 2013  Collinson FX Market Commentary: August 24, 2013 - Back to the Future
MORE STORIES ...




News - USA and the World

America's Cup: Five Challengers sign-on for 35th Match by Richard Gladwell/Sail-World.com/nz,


















AWT Quatro Desert Showdown at Punta San Carlos by American Windsurfing Tour,
















America's Cup: Rod Davis - Time for a change after ten years with team *Feature by Richard Gladwell/Sail-World.com/nz,








Maxi yacht rendezvous this September in Sardinia by International Maxi Association,




















America's Cup: Team NZ wish Davis well with new team *Feature by Richard Gladwell, Sail-world.com/nz,


Fisher's View: Sailing perfection at Hamilton Island- Day 3 by Bob Fisher, Hamilton Island, Queensland


Roble and Wilson still number one match racers in the U.S.
2014 Formula Kite World Championship Day 1
IFDS World Championship - Day 1 images by Jude Robertson
Volvo Ocean Race: Forget the f-word - Team SCA profiled
52 Super Series - Fleet grows, 2015 dates revealed
420 and 470 Junior Europeans - Teams from 9 nations on the podium
IFDS Worlds - Former president presented with ISAF awards medal
Nanjing Youth Olympic Games - Improvements aplenty in Byte CII fleets
America's Cup: New Zealand loses top coach to Artemis Racing
Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature
Sevenstar Round Britain and Ireland Race Day 9 - Swish on record pace
2014 CORK Olympic Classes Regatta - Day 3
2014 Nanjing Youth Olympic Games - Day 2
2014 IFDS World Championship: Opening Ceremony images
Opera House Cup - Images by Ingrid Abery
Teams descend upon Cowes for inaugural J/111 World Championships
Hamilton Island Race Week: Everywhere there's smiley people
IFDS World Championships - US Paralympic hopefuls ready for racing
Sopot Match Race - Poland's Tour debut deemed a triumph
Vineyard Race celebrates 80th running of the East Coast classic
Nanjing Youth Olympic Games: Young sailors begin racing on Lake Jinniu   
AWT Quatro Desert Showdown - Victory for Morgan Noireaux   
Sevenstar Round Britain and Ireland Race - Day 8: Test of endurance   
Bart's Bash: Over 2300 entered from 588 yacht clubs - Join here   
Halifax ready to welcome the world at 2014 IFDS World Championships   
RC44 World Championship title to Bronenosec + Video   
Audi Hamilton Island Race Week: Day 2 Images by Crosbie Lorimer   
IFDS Worlds - Gary Jobson to attend opening ceremonies   
Melges 32 U.S. National Championship - Dalton DeVos crowned champion   
2014 Nanjing Youth Olympic Games trailer   
2014 Chicago Grand Slam - Canfield wins   
Round Britain and Ireland Race - Varuna takes overall lead   
Audi Hamilton Island Race Week; Crosbie Lorimer Day 1 Images   
Fisher's View: Hamilton Island Race Week - Day 1 - Stayin' Alive   
CORK Olympic Classes Regatta 2014 - Day one   
Youth Olympics: practice over, athletes welcomed, time for YOG sailing   
Round Britain and Ireland Race - Record for Artemis-Team Endeavour   
2014 Melges 32 U.S. National Championship - Day 2   
Sevenstar Round Britain and Ireland: Artemis sets fourth course record   
2014 Chicago Grand Slam - Top seeds survive as semi-finalists   


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