sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : Collinson FX Market Commentary: September 20, 2012 - Japan buys bonds
Collinson FX Market Commentary: September 20, 2012 - Japan buys bonds

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

Collinson FX market Commentary: September 20 2012

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

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!

Image of the Day 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=102179

4:23 AM Thu 20 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:

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
05 Sep 2012  Collinson FX Market Commentary: September 5, 2012 - Slow start in US
MORE STORIES ...




News - USA and the World

























































Belcher and Ryan lead from the start in Hyeres by Rob Kothe and the Sail-World Team,










Flying Tigers 'Psych' - on Lake Lanier they pronounce it Zhik
ISAF Sailing World Cup Hyeres: Anticipation intensifies as start nears
Clipper Round the World Race - Race 11 start images by Chuck Lantz
27th Antigua Classic Yacht Regatta 2014 - Big breeze on the butterfly
Rolex China Sea Race 2014 - Pryde and Joy for Hi Fi
Clipper Round The World Race - A flying start on Day 1 of Race 11
Cammas on Caudrelier – different styles, same objective
Clipper Race - Californian crew member continues fundraising journey
Antigua Classic Yacht Regatta - Race 2 images by Jude Robertson
Les Voiles de St Barth - Images by Christophe Jouany
Clipper Round the World Yacht Race - Fleet sets sail in race 11
Congressional Cup - Canfield and Team US One best star-studded field
Clipper Round the World Yacht Race - Race 11 to get underway to Panama
Antigua Classic Yacht Regatta - Race 1 images by Jude Robertson
Rolex China Sea Race - Hi Fi collects the coveted IRC Overall title
Rolex China Sea Race - First arrivals in Subic Bay
Rolex China Sea Race 2014 - a sniff of a hat-trick for Neil Pryde
America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature
Clipper Round the World Yacht Race: Switzerland drops trou for charity
Rolex China Sea Race 2014 - nip and tuck for IRC honours
Antigua Classic Yacht Regatta - 27th edition underway   
Rolex China Sea Race - Ragamuffin 90 claims line honours victory   
Saturday June 21st will feature the 39th One More time Regatta   
Rolex China Sea Race - Ragamuffin 90 extends unassailable lead   
Rolex China Sea Race - Commanding lead for Ragamuffin   
Antigua Classic Yacht Regatta - An amazing fleet of traditional yachts   
Bell's Beer Bayview Mackinac Race - Freshwater adventure on tap   
Why the 49er class is pushing hard to get finals format changed +Video   
Alpari World Match Racing Tour: Can Williams surpass Gilmour's record?   
Coastal Cup sets sail from Alameda June 11   
PWA Cold Hawaii World Cup - Massive support from the local community   
Les Voiles de St. Barth - Weather factors in + Video   
HUD Vision: An interview with Afterguard Marine’s Alex Moret *Feature   
ISAF Sailing World Cup Hyeres - US Sailing Team ready for action   
Volvo Ocean Race - Dongfeng Race Team first official qualifier   
Springtime boat buyers need to take care of a few key things   
ISAF Match Race Rankings for 16 April 2014   
ISAF Sailing World Cup Hyeres – World’s best to race on French Riviera   
Rolex China Sea Race – Fleet off to a clean start   
America's Cup: Expected de Ridder penalty should be reduced *Feature   


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 NEW US