sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : Collinson FX Market Commentary: August 16, 2012 - Bad news turns good
Collinson FX Market Commentary: August 16, 2012 - Bad news turns good

'In line with their country’s economic performance, Greece finished 20th in a 20 boat fleet in the 49er class in the 2012 Olympic Regatta'    Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: August 16, 27, 2012

Bad news has become good news as world markets stand on their head. Economic data has been nothing less than terrible revealing a story of recession in Europe and no solution to the debt/deficit crises. Growth has now confirmed the recession in Europe but the inability to confront the issues has resulted in a steady decline.

Economic data continues to deteriorate but the sheer lunacy of market expectations, in terms of Central Bank intervention, remains. The worse the crises deepens the higher the expectation of further monetary stimulus boosting markets!? The crazy situation is exemplified with hope revolving around liquidity and not fiscal consolidation. Stop spending more than you earn. Keynes was wrong!

In the US, markets remained steady in the calm before the storm. Industrial Production rose 0.6% and Manufacturing by 0.5% reflecting the relative improvement in the terms of trade. The New York Manufacturing Index fell, contradicting production data and sending mixed messages. The EUR traded below 1.2300 and sideway moves reflects the sentiment of market participants.

Commodities also showed little, with the AUD moving back above 1.0500 despite a fall in Consumer Confidence. The KIWI rallied back to 0.8070 in a tight trading range awaiting substantive eco-political news.
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=101005

10:58 AM Thu 16 Aug 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:

17 Aug 2012  Collinson FX Market Commentary: August 17, 2012 - No surprises expecte
28 Jul 2012  Collinson FX Market Commentary: July 27, 2012 - KIWI above 0.8100
25 Jul 2012  Collinson FX Market Commentary: July 25, 2012 - Negative credit watch
24 Jul 2012  Collinson FX Market Commentary: July 24, 2012 - Euros hit panic button
23 Jul 2012  Collinson FX Market Commentary: July 23, 2012 - KIWI drops under 0.80c
20 Jul 2012  Collinson FX Market Commentary: July 20, 2012 - The economic paradox
19 Jul 2012  Collinson FX Market Commentary: July 19, 2012 - Good news from USA
18 Jul 2012  Collinson FX Market Commentary: July 18, 2012 - US fiscal tax cliff
17 Jul 2012  Collinson FX Market Commentary: July 17, 2012 - Slow global growth
14 Jul 2012  Collinson FX Market Commentary: July 14, 2012 - Black Friday rally
MORE STORIES ...




News - USA and the World

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


















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














Image Gallery: Stratis SL33 flies on the Waitemata by Richard Gladwell,Sail-world.com/nz,


Audi Melges 20- Sperry Topsider Charleston Race Week - Light final day by International Audi Melges 20 Class Association,
















America's Cup: Gino Morrelli outlines the new AC62 design by Kimball Livingston - Blue Planet Times, San Francisco, USA
















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
Melges 32 Sailing Series - Napoli action shots by Max Ranchi
Volvo Ocean Race - Team Alvimedica launch new boat
Emirates Team NZ: Royals duke it out on the Waitemata   
2014 Charleston Race Week - Thousands of sailors descend on Charleston   
The Congressional Cup 2014 - Williams hangs on with a classy crowd   
50th Congressional Cup: View the Live racing here   
RORC Transatlantic Race - Notice of Race now available   
Oyster Regatta Antigua - Sunshine and smiles on day 2   
Rolex China Sea Race on the horizon   
What can a boat name tell you about the person behind the helm?   
Clipper Round the World Yacht Race - Race 10 rumbles on   
SAP 5O5 World Championship - Kiel action starts August 13th   
Volvo Ocean Race - It's a family Affair   
Clipper Round the World Race - Great Britain claims line honours   
50th Anniversary Congressional Cup - Stage two   
America's Cup: Two Kiwis escape hometown action in AC45 rules ruckus *Feature   
America's Cup: Italians confirm Minoprio as Match race tactician   
J-Fest gets much needed charge   
Melges 32 Sailing Series - All set for Naples action   
Oyster Regatta Antigua - Spectacular conditions on day 1   
Clipper Round the World Race - Bitter blow as OneDLL is disqualified   
Clipper Round the World Race - Race 10 still anyone's for the taking   


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