sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : Collinson FX Market Commentary: October 2, 2012 - Equity markets rally
Collinson FX Market Commentary: October 2, 2012 - Equity markets rally

'Image of the Day - Oracle Team USA - Day 4, San Francisco'    Guilain Grenier Oracle Team USA©

Collinson FX market Commentary: October 2, 2012

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

Equity markets rallied strongly for the new quarter in Europe and the US. European markets received a boost with the Spanish Banks 'passing a stress test' thus enabling Moodys to relent on a downgrade. The risk aversion subsided and equity markets pushed north .

The positive start spread from Europe to the US and was super charged by the Manufacturing data. The ISM Manufacturing Index broke into expansionary territory rising to 51.5 from 49.6 defying recent regional manufacturing reports. Ben Bernanke appeared and reinforced QE infinity extolling it's virtues,. The argument is cheap money will boost investment in housing, equities, business etc, creating greater wealth thus boosting consumption. It has worked superbly well for the last few years in destroying real wealth as the USD slides in relative terms!

The boost to Housing from previous QE has been negligible and this continues to weigh on the economy with construction spending falling for the seventh straight month to -0.6%!

A surge in equities was not reflected in the risk currencies with the AUD holding 1.0375 and the KIWI just below 0.8300. Gold remains popular with the erosion of currencies through Central Bank stimulus.

Central Banks will be watched closely this week with rate decisions across the globe led by the RBA today. The RBA is not expected to cut rates, in surveys of economists, but many believe there is scope for action with low inflation and flagging growth. A surprise cut may well hit the currency!

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=102526

11:27 AM Tue 2 Oct 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:

29 Sep 2012  Collinson FX Market Commentary: September 29, 2012 - Spanish Stress
29 Sep 2012  Collinson FX Market Commentary: September 28, 2012 - Risk appetite up
27 Sep 2012  Collinson FX Market Commentary: September 27, 2012 - Europe's on brink
26 Sep 2012  Collinson FX Market Commentary: September 26, 2012 - Treading water
22 Sep 2012  Collinson FX Market Commentary: September 21, 2012 - Data pushes KIWI
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
MORE STORIES ...




News - USA and the World

















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


















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   
50th Congressional Cup: View the Live racing here *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.
XLXL NEW US