sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : Collinson FX Market Commentary: October 9, 2013 - Markets transfixed
Collinson FX Market Commentary: October 9, 2013 - Markets transfixed


'Yamaha (NZL) and Fineline (NZL) - 18ft International - Day 3, 11 September 2013'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: October 9, 2013

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

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=115573

6:31 AM 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:

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
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
MORE STORIES ...




News - USA and the World

Rolex China Sea Race 2014 - nip and tuck for IRC honours by RHKYC and Guy Nowell, Sail-World Asia, Hong Kong


America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature by Richard Gladwell Sail-World.com/nz,


























HUD Vision: An interview with Afterguard Marine’s Alex Moret *Feature by David Schmidt, Sail-World USA Editor, Seattle














America's Cup: Expected de Ridder penalty should be reduced *Feature by Richard Gladwell/Sail-World.com/nz, Auckland, NZ
















Congressional Cup - Victory for Taylor Canfield and crew by Rich Roberts (As Amended by ISAF),




2014 Halifax – Saint-Pierre Ocean Race by Patricia Nelder, Nova Scotia




WWA Pro Card Qualifier - Pro Cards earned at Freedom Wake Park
Christmas Caribbean Rally - Top class sailors to compete
Earth Day boater tips
Anna Tunnicliffe - from CrossFit to Extreme 40's
Charleston Race Week - Photos by Chris Howell
Image Gallery: Stratis SL33 flies on the Waitemata
Audi Melges 20- Sperry Topsider Charleston Race Week - Light final day
Clipper Round the World Yacht Race - PSP Logistics prepares for USA
ISAF Sailing World Cup Hyères - Crème of the crop to compete
Congressional Cup: Luna Rossa makes podium in first event
Int 14 World Championships 2015 launch new event website
International Optimist Regatta Clinic and Team Race - Register now!
Congressional Cup: World top rankers finish that way in Long Beach
Sperry Top-Sider Charleston Race Week Day 3 finale
America's Cup: Gino Morrelli outlines the new AC62 design
Doyle Sails New Zealand signs Andrew Brown as One Design Manager
America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess *Feature
29er World Youth Sailing Week Easter regatta - Day 1 and 2 overall
C Thomas Clagett Jr Memorial Clinic/Regatta - Entries start to roll in
50th Congressional Cup: See the delayed coverage and media conferences
Clipper Race 10 Day 27: Closing stages - Qingdao to San Francisco   
Canfield, Williams, Bruni, Swinton in Congressional Cup final four   
Sperry Top-Sider Charleston Race Week - Day 2   
Audi Melges 20 Charleston Race Week - Perfect conditions in Charleston   
Oyster Regatta Antigua - Full on ocean conditions for day 3   
PWA World Tour - A taste of things to come at La Torche + Video   
Women's International Match Racing Series kicks off in June   
Melges 32 Audi Tron Sailing Series - Action shots by Max Ranchi   
Clipper Round the World Yacht Race - Frustrating conditions   
Man rescued after falling overboard in Pacific taken to hospital   
Sperry Top-Sider Charleston Race Week 2014 - Youth leading Melges 20   
Congressional Cup - Canfield leads toward Congressional Cup sailoffs   
Sperry Top-Sider Charleston Race Week 2014 - Perfection for Day 1   
America's Cup: Coutts claims ISAF Jury on a crusade, backs Kiwi report *Feature   
Clipper Round the World Yacht Race - Will light winds hamper progress?   
Les Voiles de St. Barth - Preparing to rock Saint Barthélemy waters   
Clipper Round the World Race - OneDLL and Qingdao now in San Francisco   
America's Cup: Emirates Team NZ up against funding hurdle for year *Feature   
Melges 32 Sailing Series Napoli - Day 1 images by Stefano Gattini   
50th Congressional Cup: View the Live racing here   


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.
X6XL VIR US