sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: September 21, 2012 - Data pushes KIWI
Collinson FX Market Commentary: September 21, 2012 - Data pushes KIWI

'Image of the Day 2012 Tornado World Championships'    Martina Barnetova

Collinson FX market Commentary: September 21 2012

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

Markets tread water with no major economic data releases or any new developments regarding the Spanish Bailout. The German FInance Minister maintains the Spanish Bank Bailout may indeed be sufficient for the Government to avoid a formal request for the bailout.

This premise would be based on low interest rates to allow interest repayment to a viable level. The ECB commitment may be enough to keep rates low for the near future. In the US, S&P advised that there is a 20-25% chance of the US to return to recession. That would rise considerably if Obama were to be re-elected given his failed economic policies and big spending Government philosophies!

It is Quadruple witching day on the US markets but the fireworks expected seems to be from a by gone era when there was volume. The EUR traded just under 1.3000 and the GBP 1.6250. Commodities remained well supported and the AUD remained steady at 1,0450.

The KIWI is again testing 0.8300 after surprisingly strong economic data. This week will focus on the EU Bailout developments and the US Housing Market. GDP numbers from around the globe will provide insight into global growth so expectations will remain low!

Image of the Day Koster 360 - 2012 PWA Cold Hawaii World Cup -  © John Carter - PWA  

Collinson FX market Commentary: September 20 2012

The Bank of Japan surprised the markets with an expansion of the bond buying program in an attempt to stimulate the economy and counter QE3.

The expansion of Bond buying increases liquidity and attempts to protect the JPY and the export markets. This confounds common sense as to why the RBA and RBNZ continue to maintain the differential in interest rates and domestic liquidity. The result is to support higher rates and currencies killing trade exposed industries such as exporters and tourism.

The AUD approached 1.0500 again despite testing local conditions and the KIWI remains strong, testing 0.8300. Equity markets remain strong with risk appetite buoyant from the monetary supply. In the US, the housing market received some positive news in the form of existing home sales. They rose 7.8% and Housing starts also gained 2.3%.

The prospect of a bottom in this market is possible although building permits declined 1% and weekly mortgage applications fell despite growing refinancing demand.

The EUR held 1.3050 and the GBP trades strongly at 1.6225 with no major eco-political events driving financial markets.

Local NZ markets will look at the state of the economy today with NZ GDP to be released. Central Banks seem to be the only game in town with Political leaders reticent to act fiscally as they were elected to do!

Les Voiles de St. Barth 2013  http://www.lesvoilesdesaintbarth.com/!©_Christophe_Jouany_- Les Voiles de St. Barth   Click Here to view large photo

Collinson FX market Commentary: September 19 2012

Market fears rose with doubts over the European debt recovery program and its ability to solve the crises. The Spanish have indicated that they will consider a bailout if conditions are acceptable.

The EUR slipped back to trade 1.3035 with the new rising headwinds. The GBP continued to gather strength to 1.6250 insulated from the single currency woes. The important ZEW Economic Sentiment report showed Germany improving but from a record low base and still remains negative.

In the US, markets traded sideways with many expecting this holding pattern until the November elections. The NAHB House Market Index rose to 6 year highs to 40 from 37. The housing market has rallied with equities after Bernankes infusion of further liquidity to the market.

The state of equites is trading at 2007 levels with risk appetite strong although these levels are scary and you must be brave to be long. Economic data will be the driver although political events will gather in impact the closer to the Presidential elections.

Europe will remain a great determinant and this will be driven by the success of the Bailouts!

Commodities drifted from highs pulling the AUD back to 1.0440 although the KIWI remains bid on 0.8260.

Oracle Team USA sailing the AC72 - USA-17 on Day 2, September 17, 2012 AC72  Guilain Grenier Oracle Team USA©   Click Here to view large photo

Collinson FX market Commentary: September 18 2012

The fallout from QE3 remains with the equity markets showing risk appetite.

The positive news from the equity markets are not reflected in our quantum which we call reality. The deficits remain crippling and debt levels have reached tipping point, so why have the markets decided to invest in equities. Bernanke has decided that corrupted Keynesian economics will keep his job as he pins his hopes on the biggest spending President of all time!

The world needs a quantum shift and address the welfare/beneficiary system robbing productive society to support largesse.

The EUR moved to 1.3100 after all the Central Bank corruption of the Dollar and the GBP moved to 1.6250. Commodities have found support with the reserve currency demise although the AUD struggles at 1.0465.

Questions must be asked as to the relative weakness despite the concerted effort to undermine the reserve currency.

The KIWI trades 0.8250 and shows some support though fundamentals point to a terrible readjustment.

Re-election of the Obama democratic regime could spell the end of western capitalism and with it the hopes of future generations!

Reaching for the mark - RNZYS Winter Series - Final Race September 15, 2012  Richard Gladwell   Click Here to view large photo


Collinson FX market Commentary: September 17 2012

Equities continued to rally on the back of Bernanke's nuclear option. The release of the new QE3 allowing the Fed to buy $40 Billion/month for eternity has sent equity markets into a buying frenzy crashing through technical tops.

The overhwelming response is natural considering the promise of an endless supply of cheap money. The rally continued with some positive data assisting markets. University of Michigan Consumer Sentiment rose as did Retail Sales endorcing the rise in risk sentiment. Egan-Jones downgraded the US from AA to AA- but this failed to raise any fears. Manufacturing and Industrial Production in the US both slipped confirming the state of the US economy and exemplifying the reason for central bank interference.

The USD has been understandably trashed as the Fed washes away the value of the once mighty Dollar. The EUR rallied to 1.3115 and the GBP 1.6215. Rumours abound that a pending EU$300 Billion bailout of Spain is being considered by the Troika. The EC,ECB and the IMF would not discourage the bailout considering the contingency mechanisms they now have in place.

Commodities rallied as the USD faultered boosting the AUD to 1.0540 and the NZD to 0.8275. This week will closely monitor activity in the Eurozone with US economic data featuring Housing and Manufacturing.


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=102235

10:28 PM Fri 21 Sep 2012GMT


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 Sep 2012  Collinson FX Market Commentary: September 20, 2012 - Japan buys bonds
19 Sep 2012  Collinson FX Market Commentary: September 19, 2012 - KIWI on hold
18 Sep 2012  Collinson FX Market Commentary: September 18, 2012 - KIWI at 0.8250
17 Sep 2012  Collinson FX Market Commentary: September 17, 2012 - Equities rally
14 Sep 2012  Collinson FX Market Commentary: September 14, 2012 - Bernanke acts
12 Sep 2012  Collinson FX Market Commentary: September 12, 2012 - Bad news is good?
11 Sep 2012  Collinson FX Market Commentary: September 11, 2012 - AUD up, KIWI down
08 Sep 2012  Collinson FX Market Commentary: September 8, 2012 - Risk appetite rise
07 Sep 2012  Collinson FX Market Commentary: September 7, 2012 - Super Mario enters
06 Sep 2012  Collinson FX Market Commentary: September 6, 2012 - Markets on edge
MORE STORIES ...




News - USA and the World

Volvo Ocean Race 2014-15, Leg 2. Team Alvimedica’s OBR Amory Ross reports on the Leg 2 start and progress. Well, now we know what it feels like to be shot from of a cannon! That was utter insanity. When the gun went I think there was almost no wind at all—two knots or something—but as we slowly crept out from under the shadow of Table Mountain it changed drastically. ... [more]  

Amidst a 10% growth report on having issued over 9000 certificates worldwide in 2014, the recent Annual General Meeting of the Offshore Racing Congress is pleased to announces numerous improvements approved for use in the ORC Rules and policies for 2015. ... [more]  

The start of Leg 2 offered all the wind conditions you could want. I will not lie: I was pretty nervous to begin leg 2 of the Volvo Ocean Race (Mom called it ‘Stage Fright’); I think the whole team was pretty nervous. Here we are, having confidently completed the first leg of the Volvo Ocean Race—after 27 days at sea! ... [more]  

The ISAF Sailing World Cup Final in Abu Dhabi, United Arab Emirates is set to be 'an experience of a lifetime' according to American Women's 470 sailor Briana Provancha. Some of the world’s top Men’s and Women’s 470 teams will make up the individual fleets with some excellent racing on the cards. ... [more]  

After finishing third in the annual RC44 match race championships, Team Nika seem to have got a taste for the podium. It was a tough day on the water for the start of fleet racing at the RC44 Oman Cup, with many teams struggling for consistency. ... [more]  

St Barth Cata Cup 2014 - Game on! by Dominique Ladouceur
The boats are ready and the sailors have all had a chance to test their catamarans in a very rigorous St-John Bay. The conditions will be windy at the start of this seventh edition of the St-Barth Cata Cup. Sailors will be facing winds from the west at 18 knots with gusts at 22 knots on the first race day. ... [more]  

While more modifications are being mooted for the champion supermaxi yacht Wild Oats XI as part of her preparation for next month’s Rolex Sydney Hobart yacht race, a high-profile new member of the team was revealed on Sydney Harbour today. ... [more]  

Wild Oats XI and Audi are ready to give the 2014 Rolex Sydney Hobart a shot! Photos by Andrea Francolini. ... [more]  

Volvo Ocean Race: Meek's tips pay dividend in Leg 2 squalls and calms *Feature by Bob Fisher, Cape Town, South Africa
The seven competing boats in the Volvo Ocean Race 2014-2015 roughly gathered at 6pm local time (1600 Zulu) in a south-easterly wind that peaked at 30-40 knots, which had the local habit of dying away to nothing in places along the shoreline in the lee of Table Mountain. The clever skippers has sought advice from Geoff Meek, a local with a mass of experience ... [more]  

Abu Dhabi Ocean Racing (ADOR), the Emirate’s entry into the Volvo Ocean Race 2014–15, cast off on the next leg of the epic, round-the-world race on Wednesday evening hoping to complete a hat-trick of victories in the best place possible – the team’s home port of Abu Dhabi. ... [more]  

Over 600 scientists gathered in Barcelona for the second International Ocean Research Conference have this evening named the skippers in the Barcelona World Race, the first and only double-handed, round the world regatta with no stops, as scientific agents during their upcoming circumnavigation of the globe, departing from the Catalan capital on December 31st. ... [more]  

Team Alvimedica set out on the 6,125 nautical mile race to Abu Dhabi today, as they sailed out of Cape Town at the start of Leg 2 of the Volvo Ocean Race. After a brief lap of Table Bay, with the Turkish/American boat close to the lead, it was straight into battle. ... [more]  

Skippers of the seven boats in the Volvo Ocean Race fleet, which set out for the 6,125 nautical mile (nm) Leg 2 from Cape From the very start on Wednesday (1800 local/1600 UTC), the sailors were given a taste of things to come with gusts of up to 35 knots kicking up a procession of white-capped waves. It was a question of 'don't break your boat' as most opted for conservative sail choices, whil ... [more]  

An invigorated, rested and relatively relaxed crew on Team SCA led the Volvo Ocean Race fleet from Cape Town late this afternoon at the start Leg Two of the Volvo Ocean Race to Abu Dhabi. The 6,125-mile leg will provide a large variety of conditions and will require good seamanship and good navigational choices. ... [more]  

A whole host of Olympic heroes and World Champions will fight it out in the Nacra 17 at the inaugural ISAF Sailing World Cup Final in Abu Dhabi, United Arab Emirates from 26-30 November 2014. The 17-boat Nacra 17 fleet features an abundance of Olympians with no less than 18 appearances stemming from Atlanta 1996 within the 17-boat fleet of 34 sailors. ... [more]  

The ISAF Sailing World Cup Final Finn fleet is made up of some exceptional talent with Great Britain's Ed Wright and Pieter Jan Postma (NED) coming in to Abu Dhabi, UAE with good form. Wright has been a permanent fixture on World Championship and ISAF Sailing World Cup podiums in recent years. ... [more]  

The RC44 Oman Cup opened with the season’s final day of match racing. Defending champions Team Aqua held a slim one-point lead over Synergy Russian Sailing Team who were fighting for the trophy they last won in 2012. Vladimir Prosikhin’s Team Nika started the day in third, with Hugues Lepic just two-points adrift in fourth and keen to get the French flag onto the podium. ... [more]  

Leg 2 of the Volvo Ocean Race is underway. Catch ther replay here, if you missed the 90 minutes of racing action in Cape Town. The sailing is spectacular! ... [more]  

Visiting Cape Town was more than just a stopover in the Volvo Ocean Race for Team Alvimedica, but was an opportunity to really get to know the people and the culture of the 'mother city.' Take a look at how the team get involved while in Cape Town from meeting Archbishop Desmond Tutu to visiting heart surgery patients at the Red Cross War Memorial Children's Hospital. ... [more]  

15th Ambassadors Cup - Brazil claims victory by May Ling Teo, Changi Sailing Club
Light winds didn’t dampen the enthusiasm of the 20 ambassadors who competed in the 15th annual Changi Sailing Club’s Ambassadors’ Cup, nor did the gentle breezes take the edge off the competitive spirit of the skippers and the crew who competed for the prestigious prize. ... [more]  

Spanish solo skipper Alex Pella wrote himself into the history books of the Route du Rhum solo Transatlantic race and Spanish ocean racing when he crossed the finish line of the 3,542 miles La Route du Rhum-Destination Guadeloupe race first in Classe40 at 06:47:08 hrs TU/07:47:08hrs CET/02:47:08 Local Guadeloupe. ... [more]  

Star Sailors League Finals 2014, Nassau (Bahamas) - Robert Stanjek will be attempting to bring a stunning 2014 season to a fittingly impressive conclusion in the big upcoming Finals in Nassau in two weeks’ time. The second half of the year has proved particularly rewarding for the German sailor. ... [more]  

Two English born Finn sailors, once coach and student, will draw swords at the ISAF Sailing World Cup in December on Port Phillip. Both are gunning for national team selection and a chance to represent their country at the 2016 Rio Olympic Games, Ed Wright sailing for Great Britain and Oli Tweddell representing Australia, where he’s lived for the past decade. ... [more]  

Yachting Australia has announced the appointment of experienced and respected sports administrator Matt Carroll to the role of Chief Executive Officer. Matt commences with Yachting Australia on Monday 24 November 2014, replacing Phil Jones who is leaving the organisation after 17 years at the helm. He comes from a background of roles in Australian and Japanese Rugby and Rugby World Cup. ... [more]  

The Alpari World Match Racing Tour (AWMRT) has announced the addition of the Congressional Cup to the 2015 World Championship Tour schedule. The announcement follows this year’s 50th anniversary of the historic Congressional Cup event, organised by Long Beach Yacht Club, in Long Beach, California. ... [more]  

18ft Skiffs: Smeg's second Red-Line run down Sydney harbour in 40kts *Feature by Michael Chittenden, Sydney harbour
In a sport which generally lacks characters, the 18ft skiffs have an over-supply. David Witt is one of those, underlined by taking his boat and crew out last Sunday daring the rest of the Sydney fleet to race in a breeze of 30-40kts, on an otherwise ideal day on Sydney Harbour. ... [more]  

Volvo Ocean Race sailors set out again for the open seas on Wednesday with no piracy activity on their radar, but the threat of cyclones ahead on Leg 2 from Cape Town to Abu Dhabi. Sailing conditions in Cape Town look challenging for the 1800 start (local time)/1600 UTC, with plenty of wind, but flat seas forecast. ... [more]  

On the opening day of the Airwaves Noumea PWA Dream Cup, which is the final event on the 2014 PWA World Tour, the competitors registered for the upcoming six days of contest, which will see fifty-seven men and twelve women battling it out over Noumea’s pristine waters. ... [more]  

There are 11 days to go until a highly competitive fleet competes in the inaugural RORC Transatlantic Race from Lanzarote to Grenada. The race across the Atlantic will be a very different experience for the crews from 12 different nations taking part. ... [more]  

The Volvo Ocean Race restarts from Cape Town on Wednesday local time. Here is the full replay of the Media Conference with all seven skippers on stage, talking of the prospect of a tropical cyclone, the nuances of this Leg - which won't see the boats hopping on a ship to avoid pirates, and the other challenges facing the crews and their teams. ... [more]  

Volvo Ocean Race - Team Vestas Wind ready to race by Brian Carlin, Team Vestas Wind
It’s the day before departure for Leg 2 of the Volvo Ocean Race and we are much better prepared than the Leg 1 start in Alicante. We all have our small list of jobs to complete today but all being well; we will be out of the team base mid afternoon to take some personal time. ... [more]  

Young sailors in Abu Dhabi made sure to practice their ‘Go Azzam!’ cheers this week as Abu Dhabi Ocean Racing (ADOR) – the emirate’s entrant in the Volvo Ocean Race 2014-15 - prepared for the next leg of the round-the-world yacht challenge – the race from South Africa to the UAE capital. ... [more]  

Photographer Michael Chittenden was on hand to capture the remarkable ride of David Witt and friends after racing was cancelled on Sydney harbour on Sunday when winds gusted 35-40kts. Witt did two runs down Sydney Harbour. See the crew go from make the transition from upwind to downwind and survive the tremendous acceleration of an 18ft skiff in these conditions. ... [more]  

Volvo Ocean Race: Sam Davies speaks openly about the first leg *Feature
ISAF Sailing World Cup Final: Exciting 49er and 49erFX action expected
America's Cup: Significant changes made to Protocol, but issues remain *Feature
2014 Rolex Sydney Hobart Yacht Race - the 70th
Stoke Beer 18ft Skiff Auckland Champs: Knight Frank lead after 5 races
ISAF Sailing World Cup Final - RS:X elite Abu Dhabi bound
120 boat start line for Tasar Worlds in Busselton
Melges 24 U.S. Nationals - Full Throttle team grabs their sixth title
RC44 Oman Cup - Grand final showdown on the horizon
Visit Doyle Sails New Zealand at METS 2014
Top Kiwi Finn sailor debuts in the 2014 Star Sailors League Finals
2014 Butler Cup - Shane Young wins match race regatta
Adventures of a Sailor Girl: News and interviews from Nov 16 show *Feature
2014 Melges 24 U.S. National Championship - Moon wind
Australian 18ft Skiffs: 40kt winds cancel race but Witt sails + Video
2014 Melges 24 US National Championship - Day 2 images by Joy Dunigan
Volvo Ocean Race: Abu Dhabi are the Kings of Cape Town
Volvo Ocean Race: In Port races do count *Feature
Volvo Ocean Race: Abu Dhabi rules in Cape Town In Port Race
Volvo Ocean Race - Tricky In-Port Race for Team Alvimedica
Volvo Ocean Race - Team SCA third in Cape Town In-Port Race   
A Sailor's Dream Home in the beautiful Bay of Islands - Auction 22 Nov   
Volvo Ocean Race: Cape Town In Port Race video and Media Conference *Feature   
2014 Brazilian Championship - Day 2   
2014 U.S. Melges 24 National Championship - Long haul   
2014 - 15 Volvo Ocean Race - The thinking trio   
US Sailing Team to celebrate Clearwater Training Center   
Moth Worlds 2015: Sliced bread, sheep stations, awe and reverence *Feature   
Volvo Ocean race: Images from the Practice racing in Cape Town *Feature   
Volvo Ocean Race - Lindsay Dibowitz sails on board Team Alvimedica   
Volvo Ocean Race: Big breeze for Practice Racing in Cape Town *Feature   
Volvo Ocean Race - All-clear from piracy threat   
Volvo Ocean Race - Team SCA confirms Leg 2 crew   
ISAF Sailing World Cup Final - Laser and Laser Radial sailors all set   
Star Sailors League Finals - France to be represented   
67th Turkey Day Regatta - ABYC dishes up another special regatta   
Dual Olympian Krystal Weir announces retirement from Olympic Sailing   
Volvo Ocean Race: Sibling rivalry, Greenhalghs prepare to race   
Star Sailors League Finals - Kljakovic Gaspic and Sitic to race   
Live Coverage of the 13th International Sailing Summit   


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 VIR US
LocalAds   DE  ES  FR  IT