sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: August 18, 2012 - Markets flatline
Collinson FX Market Commentary: August 18, 2012 - Markets flatline

' Image of the Day Team Vodafone Sailing ORMA 60 - Audi Hamilton Island Race Week 2012, - Audi Hamilton Island Race Week 2012 day 2.'    Craig Greenhill - SaltWaterImages © Copyright

Collinson FX market Commentary: August 18, 2012

Markets remained flat for the week although closing up on extremely low volume making many nervous. The European debt crises fell from the headlines with Merkel endorsing Draghi's Bond Buying program.

Next week will see a summit between the major protagonists of Merkel and Hollande.

This is a clash of political philosophies of epic proportions but may need to be diplomatic and present a united front. The results will be unitary and conciliatory in the name of the EU or any divisions will be ruthlessly exploited by the markets.

The USD rallied on some improved economic data with the University of Michigan's Consumer Sentiment rising slightly. Leading Indicators also managed a gain of 0.4% boosting the Dollar and releasing some pressure on commodity prices. This has an impact on the corresponding currencies with the KIWI down to 0.8070 and the AUD taking a big figure hit.

The downward pressure seems to have triggered some short selling sentiment and may now look vulnerable on the downside with many predicting a major realignment! This week will focus on the European summit and housing data from the US.

Canada sailing in the 49ers on Day 9 of the 2012 Olympic Regatta in Weymouth -  Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: August 17, 2012

Angela Merkel travelled to Canada to discuss the EU debt crises with the PM,Stephen Harper, and reiterated her support for Draghi's Bond buying plan. This was enough to boost markets after moving sideways all week. Equities and Commodities both booked gains despite weak economic data.

In the US, manufacturing continued to slide with a further contraction of the Philly Fed Survey. Weekly Jobless Claims rose although mixed housing data gave some reason for hope. Building Permits rose 6.8% but the flow on was stunted with Housing Starts falling 1.1%.

The economic data dragged on the USD pushing the EUR to 1.2365 and commodity currencies north. The AUD broke above 1.0500 again with further supply issues boosting commodity prices. The KIWI also regained some lost ground with the severe US drought impacting soft commodities.

The NZD moved up to trade just under 0.8100. No real surprises are expected for the final trading day of the week so watch for further comments from political leaders to give direction.

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=101115

7:10 PM Fri 17 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
16 Aug 2012  Collinson FX Market Commentary: August 16, 2012 - Bad news turns good
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
MORE STORIES ...




News - USA and the World













































ISAF Sailing World Championships - Watch medal races live here by Dan Ibsen, Sail-World Europe & UK editor,








470 Men and Women Worlds - Vadlau and Ogar into pole position by 470 International Association Class,




ISAF Sailing Worlds, Santander - Strong competition for RS:X fleets by Olga Maslivets, International RS:X Class Assoc.,










Royal Cup Marina Ibiza - Quantum Racing ahead of target
ISAF Worlds Santander - 19 Rio 2016 Laser Radial spots awarded
Santander 2014 ISAF Worlds - 21 broadcasters to take live coverage
Rolex Swan Cup - Looking forward to the next 30 years
America’s Cup: The Future is foiling – AC45s to be modified
Volvo Ocean Race: Win a stopover trip by designing an ECsix T-Shirt
Red Bull 49erFX: On the eve of the Worlds in Santander
America's Cup: Ben Ainslie Racing launches partnership with Yamaha
2014 Chicago Match Cup - Starts tomorrow
Rio 2016 Daylight the issue for Olympic sailing regatta
ISAF Sailing World Championships - USA 470's and Lasers battle at top
ISAF Sailing World Championships - Santander - Day 5 video highlights
ISAF Sailing World Championships - Santander images by Jesús Renedo
PWA Cold Hawaii World Cup - No action on day 2
470 Men and Women Worlds - Game on for Olympic Qualification
ISAF Sailing World Championships: Finns off to slow start in Santander
ISAF Sailing World Championships - Seesaw Day 5 in Santander + Video
ISAF Sailing World Championships - 470 sailors shine in Santander
Royal Cup Marina Ibiza - Kiwi Ray Davies returns to TP52 fleet
Starboard Hatteras Wave Jam - No windsurfing action on day 1
A complete recap of the most successful Melges 20 World Championship   
Rolex Big Boat Series - Prizegiving images by Chuck Lantz   
ISAF Santander - Upwards path for Austrian women's 470 crew + video   
18ft skiffs: Carnage compilation from the glory days of the Grand Prix   
ISAF Worlds: Video from the British Sailing Team   
Bart's Bash expected to set new records this weekend   
PWA Cold Hawaii World Cup - Marcilio Browne wins Super Session   
470 Men and Women World Championships - Racing abandoned on day 2   
ISAF Sailing World Championships - Day 4 images from Santander   
ISAF Sailing Worlds, Santander: Emerging Nations Program sailors shine   
ISAF Sailing Worlds, Santander - Teasing winds play havoc on day 4   
ISAF Sailing World Championships: Hot conditions in Santander on day 4   
Santander ISAF Sailing World Championships joins Bart’s Bash   
PWA Cold Hawaii World Cup - Grounded fishing boat creates problems   
Marseille One Design - GC32 Armin Strom Sailing Team emerge victorious   
Rolex Big Boat Series 2014 - Ready for another 50 years   
2014 Rolex Big Boat Series - Farr 40 Day 4   
2014 Rolex Swan Cup - Eleventh-hour victories   
Extreme Sailing Series - Kiwis clinch Act win in Istanbul + Video   
2014 Rolex Big Boat Series - Two long races today for the J70 fleet   


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