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

Groupe Beneteau today announced its sponsorship of the US Sailing Team Sperry Top-Sider and ISAF Sailing World Cup Miami. Groupe Beneteau is the world's leading yacht builder, and will now become a significant presence in high-performance sailing with its support of both the US national sailing team and North America's premier Olympic and Paralympic classes regatta. ... [more]  

The 2014 RS:X Youth Worlds kicked off on October 20th in Clearwater, USA, and it was hard work from the start: in 5-6 kt of breeze, offshore to start the day and side-on to close it, pumping was in order for the 54 boys and 28 girls gathered here for the 2014 RS:X Youth World Windsurfing Championships. ... [more]  

Volvo Ocean Race: Blogs from the Boats - Leg 1, Day 9 plus Videos *Feature by Richard Gladwell/Sail-World.nz/com
Several of the On Board Reporters aboard, provide their unique views of Leg 1, Day 9 of the Volvo Ocean Race - in text, images and video. ... [more]  

Dynamic Stability Systems welcomes last week’s decision by IMOCA to place no further restrictions on its class rule. This permits both the six new IMOCA 60s currently under construction, as well as the existing fleet, to be fitted with the lateral lifting foils which DSS has spent the last decade pioneering. ... [more]  

Volvo Ocean Race 2014-15. It’s the place where the northern and southern winds meet, where a sailing race can be won or lost in an instant. And with its complex and confusing conditions, lack of breeze, and stifling heat – it’s also a place that most sailors can’t wait to see the back of. But there is one good thing about the Doldrums. ... [more]  

The Atlantic has proved to be a test for the VO65s in the Volvo Ocean Race and their teams as a battle of gybing down the west coast of Africa broke out, keeping all boats in a relatively tight-knit pack for much longer than expected. Having passed Morocco and the Canaries, we were drawn to the tricky-to-handle magnet of Cape Verde. ... [more]  

It’s the dawn of a complicated day in the Volvo Ocean Race. Let’s face it: we’re not having a very good time on Dongfeng. We lost distance last night, and our leading position. The day got dull afterwards. Sailing straight ahead, with the spinnaker up, in light winds. ... [more]  

Volvo Ocean Race 2014-15, Day 10 onboard Team SCA. Two days, eight hours, thirty-four minutes, and ten seconds, nine seconds, eight, seven, six, five… over the last few days the clock has gotten louder and louder as it counts down to October 23rd at noon—the time when we cross the equator and the time when myself and six other sailors join the rest of our crew in King Neptune’s court. ... [more]  

For Pablo Arrarte Elorza, the Volvo Ocean Race is a tough challenge. Not as far as physical effort is concerned because this likeable Spaniard is a very strong guy. For Pablo, the race is mostly a culinary war of attrition because the food that the team has bought with it on the race does little to please his gourmet palate. ... [more]  

The team at The St. Maarten Heineken Regatta are very happy to announce that entries are now open for the 2015 Regatta, taking place March 5 - 8. The team hopes to see lots of return entries as well as new ones this year, all coming to celebrate the event's 35th year. In order to celebrate this milestone year, there will be some new features this coming season. ... [more]  

After three complete days at sea only three boats competing in the 2014 Rolex Middle Sea Race have passed the northwest tip of Sicily, roughly the halfway point of the race. The prevailing wind remains weak, but is expected to strengthen this afternoon coinciding with the arrival of bulk of the fleet t the Egadi Islands. ... [more]  

Last week the Volvo Ocean Race was all about VMG downwind sailing, with Dongfeng being the star performer. After DFRT took the lead, they shortly lost it again 36 hours later after hitting something in the water and losing their rudder. Two hours later they were up and running again with the spare in. Impressive stuff. ... [more]  

Rolex Middle Sea Race 2014 - Fight to the finish by Media Royal Malta Yacht Club
Igor Simicic's maxi, Esimit Europa 2 is expected to finish the Rolex Middle Sea Race in the early hours of tomorrow morning. However the 100ft carbon fibre canting keel Maxi is under serious pressure to secure their fourth Line Honours victory in the race. ... [more]  

Italy won two races (windward-leeward race (ninth race) and coastal race (11th race), Switzerland won the second race of the day (10th race) and Ireland the last one (12th race). A lot of tactics was required to make best use of the little wind. The first race (windward-leeward race, 0,8nm) started at four knots. A second start under black flag happened. ... [more]  

PredictWind have made significant improvements to the swell forecasting models and added new locations. Integrating the new 50km global wind forecast with ocean current data has created the most advanced swell modelling available online. By combining PredictWind forecast data with ocean current data, the effect of the wind on swells can be accounted for ... [more]  

The battle continues for the lead in the Volvo Ocean Race, with the front running being taken up by different competitors on a regular basis. With the first boats about to enter the Doldrums, anything can happen - with the outcome being decided by navigational skill and experience, rather than being resolved on a computer. ... [more]  

The Renaissance Re Junior Gold Cup, now in its 12th year, is known around the world as an international championship of junior champions. It runs parallel to the penultimate event on the World Match Racing Tour, the Argo Group Gold Cup. ... [more]  

Volvo Ocean Race: Fleet charges the door of the Doldrums Casino *Feature by Richard Gladwell/Sail-World.com/nz
The Volvo Ocean Race has lifted intensity again on Day 9 with the fleet spread across 100nm of ocean and charging in a line for the turning point of Fernando de Noronha, 220nm off the Brazilian coast. ... [more]  

As expected the third day of the 2014 La Torche PWA Grand Slam proved to be a quiet affair with very light winds throughout the day. After a chilly and overcast start, the sun eventually broke through to produce another beautiful afternoon in La Torche. ... [more]  

The first eight days of the 2014-15 Volvo Ocean Race have been filled with more excitement and tighter racing than anyone could have anticipated. Up until Saturday morning, Leg One has left the fleet with few tactical options and therefore has kept everyone tightly packed as one unit of seven boats. ... [more]  

Volvo Ocean Race 2014-15. The sun’s out. It’s warm – not too hot, but warm enough for just a tee shirt. Ian Walker is stood at the helm of his Emirati boat, generous Atlantic trade winds whistling past his ears. 'We’re going straight through,' he claims, confidently. 'What Doldrums? - they’re going to say. Azzam isn’t even going to slow down.' ... [more]  

At 1700 CET in the Rolex Middle Sea Race, 113 yachts had rounded Stromboli, the active volcano that marks the most northerly point of the course. Race leader on the water, Esimit Europa 2, was less than 20 miles from Favignana and preparing to turn south with 289 miles to go and is expected to finish the race in the early hours of Wednesday 22 October, which would be well outside the course record ... [more]  

It is with great pleasure that the Star Sailors League announces that two more top Brazilian sailors will be joining the fleet of 20 super-champions taking part in the Star Sailors League Finals 2014 being held for the second consecutive year at Nassau Yacht Club in the Bahamas between December 1st and 7th. ... [more]  

Volvo Ocean Race 2014-15, Day Nine onboard Team Alvimedica. It’s hard to explain the complexity of the weather in this part of the world. No computer model or forecaster can accurately predict the winds because the air here is dry and warm, 23c now, and the typical barometric pressure gradients that generate them become very weak. ... [more]  

Volvo Ocean Race 2014-15, Day Nine onboard Team SCA. We’re a boat on a mission: catch the fleet. And they’re getting closer by the mile. The first time I sailed past Cape Verde islands was in 2010 when I was helping deliver a catamaran from Gibraltar to Antigua, W.I. ... [more]  

Thailand bids for 2016 IODA ‘Optimist’ World Championships by Jordan Rumsby, Royal Varuna Yacht Club
Pattaya's Royal Varuna Yacht Club has submitted a bid to host the 2016 International Optimist Dinghy Association World Championships, offering the world's most talented junior sailing teams a chance to experience the steady wind, sunshine, smiles, great food, and family-friendly attractions of Thailand's top dinghy sailing destination ... [more]  

Photographer Ellen Hoke was on the water at the Farr 40 Worlds sailed from the St Francis Yacht Club, San Francisco, and provided this second gallery of images from the Final Day - Day 4 Prizegiving ... [more]  

Bill Green - builder and sailor passes on by Malcolm McKeag, Scuttlebutt Europe, Lymington, England:
Bill Green, San Francisco-born sailor, Navy jet jockey (not a lot of people know that); US Coastguard; shrimp-boat hand (not a lot of people know that either); One Ton Cup winner and most latterly proprietor of Green Marine slipped quietly away from this life ... [more]  

Tom Burton (AUS) retained World #1 in the Laser after a tremendous fight back at ISAF Sailing World Cup Qingdao where he picked up bronze. The Australia had a tough opening day, finishing down the pack in both races but as the week progressed he worked his way up and sealed bronze on the final day to keep hold of World #1. ... [more]  

Photographer Ellen Hoke was on the water at the Farr 40 Worlds sailed from the St Francis Yacht Club, San Francisco, and provided this gallery of images from the Final Day - Day 4 ... [more]  

Photographer Ellen Hoke was on the water at the Farr 40 Worlds sailed from the St Francis Yacht Club, San Francisco, and provided this gallery of images from Day 2 ... [more]  

Rolex Middle Sea Race 2014 - A hard day's night by Media Royal Malta Yacht Club
Rolex Middle Sea Race - As high pressure moved in from the north, the area around Stromboli had virtually no gradient wind and for those yachts yet to reach Stromboli, a south flowing current has slowed proceedings even further. For the competitive offshore yacht racer, performing well in light wind is more difficult than blasting through a storm at top speed. ... [more]  

34th Student Yachting World Cup - France knew today its best day since the beginning of the competition. They spent the two races at the very first positions, even rivaling with the ultra-dominant English team. They showed today an astounding panache, and can now hope to improve their ranking before the end of the SYWoC. ... [more]  

Volvo Ocean Race: Dongfeng loses lead, anyone's race ahead of Doldrums *Feature
Flying Dreams 'An Ocean Story': The Movie
New super maxis gear up for Rolex Sydney Hobart
Volvo Ocean Race: Blogs from the Boats - Leg 1, Day 8 plus Videos *Feature
Linda Elias Memorial Women’s One Design Challenge - Youngerman wins
2014 Off Valparaíso Race - Santander team victorious
La Torche PWA Grand Slam - Waves continue to pound on day 2
Volvo Ocean Race: Dongfeng consolidates lead on Day 8 *Feature
RS:X Youth World Championships - All set for Clearwater action
Rolex Middle Sea Race 2014 - Slow road north
Volvo Ocean Race 2014-15 – Dongfeng Race Team - A risky call
Rolex Middle Sea Race 2014 - Escaping the shroud of Mount Etna
Farr 40 Worlds: Day 4 Image and Video gallery *Feature
Australian 18 Footers League’s Major A. Frizelle Trophy
Volvo Ocean Race 2014-15 - Leader gambles on Island windshadow
2014 Sailing World Cup Qingdao - Final day video highlights
2014 Rolex Farr 40 World Championship - Plenty of time
Coast Guard rescues two near Wachapreague
2014 Off Valparaíso Race - Day 2
La Torche PWA Grand Slam - Massive swell on day 1
Volvo Ocean Race: Welcome to Al's Ocean Cafe   
Argo Group Gold Cup survives Hurricane Gonzalo   
Volvo Ocean Race: Dongfeng regains lead after incident packed Day 7 *Feature   
Volvo Ocean Race: Dramatic video of Dongfeng rudder replacement   
Volvo Ocean Race - Team Alvimedica bounces back   
Volvo Ocean Race - Team SCA expecting the expected + Video   
Rolex Middle Sea Race - New record for Mediterranean classic   
ISAF Sailing World Cup Qingdao - Medallists decided across six fleets   
Volvo Ocean Race - Impressive turnaround for Dongfeng Race Team +Video   
Volvo Ocean Race: Race closer than leaderboard suggests - Leg 1, Day 6   
Volvo Ocean Race: Dongfeng Race Team break rudder after collision   
2014 Rolex Farr 40 World Championship - Famous breeze frustrates   
2014 Off Valparaíso Race - Day 1   
Sunfish World Championship - Victory for Argentina's Francisco Renna   
Volvo Ocean Race - Feeling the pressure six days in   
Volvo Ocean Race - Alvimedica cautiously cruising down coast of Africa   
Volvo Ocean Race - Team Brunel still within striking distance   
Volvo Ocean Race - Testing times for Team SCA + Video   
Beijing 2008 Olympic legacy lives on in Qingdao + Video   
La Torche PWA Grand Slam - A return nearly 20 years in the making   


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