sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: October 10, 2012 - IMF rings bell
Collinson FX Market Commentary: October 10, 2012 - IMF rings bell

'Image of the Day 49er FX - 2012 Stack Winter Championships - Murrays Bay SC'    John Adair

Collinson FX market Commentary: October 10, 2012

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

The IMF set warning bells ringing around the globe reviewing global growth forecasts lower to levels not seen since 2009. The warning derive from Europe's inability to solve the debt crises, the fast approaching US Fiscal cliff and China growth slowing.

The EU crises stumbles on with nothing new from the Finance Ministers meeting and protests greeting Merkels Greek visit. The EURO suffered, with the gloomy prospects, down to 1.2865 and the GBP below 1.6000 after some disappointing Industrial and Manufacturing production data. In the US, the NFIB Small Business Optimism reported a further fall to 3 year lows.

Markets now await the kick off of earning season with Alcoa after the bell. Prospects are not good so the markets remains square.

Commodities remained steady despite pessimism, supporting the AUD above 1.0200 although the KIWI dropped to 0.8175 after a fall in Credit Card spending. Watch Eco-Political developments in Europe and Earnings in the US!

Image of the Day Ten classic Merlin Rockets contested the 2012 Bosham Classic Boat Revival -  Jonathan Hoare   Click Here to view large photo


Collinson FX market Commentary: October 9, 2012

US Markets were lightly traded with the Columbus Day holiday and little drama occurring in Europe. EU Finance Ministers meet this week and the ESM Bail-out mechanism commences.

The question is when Spain will sink the snout into the trough!? In EU economic data, German Exports and trade continued to improve but Industrial Production contracted 0.5%. Markets will be focused on the commencement of the all important earnings season kicking off with Alcoa tonight. Expectations are not high for earnings which have been a driver for equity and commodity markets.

The EUR slipped back to 1.2970 and the GBP 1.6030. Higher yielding currencies fared better with some positive news from China. The Services PMI rose to 54.3 from 52 and this has helped the AUD which broke above 1.0200 again and the NZD 0.8195.

Look for developments from the debt crises in Europe and earnings in the US to drive market direction while the Presidential Election is now a major distraction.

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=102781

12:00 PM Wed 10 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:

11 Oct 2012  Collinson FX Market Commentary: October 11, 2012 - Alcoa moves ahead
09 Oct 2012  Collinson FX Market Commentary: October 9, 2012 - US markets light
07 Oct 2012  Collinson FX Market Commentary: October 6, 2012 - US Boost
05 Oct 2012  Collinson FX Market Commentary: October 5, 2012 - Bond-buying
04 Oct 2012  Collinson FX Market Commentary: October 4, 2012 - China flat
03 Oct 2012  Collinson FX Market Commentary: October 3, 2012 - Oz Bank chops rate
02 Oct 2012  Collinson FX Market Commentary: October 2, 2012 - Equity markets rally
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
MORE STORIES ...




News - USA and the World









Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part III) *Feature by Rob Kothe and the Sail-World team,


Audi Melges 20 World Championship - ‘Samba Pa Ti’ crowned champion by International Audi Melges 20 Class Association,










Audi Melges 20 World Championship - Final race to decide champion by International Audi Melges 20 Class Association,










Fort Lauderdale International Boat Show - 13 things to See and do by Fort Lauderdale International Boat Show,




Volvo Ocean Race: Update from Team Vestas Wind in images by Richard Gladwell/Sail-World.com/nz,








Audi Melges 20 World Championship - Classic Garda conditions on day 2 by International Audi Melges 20 Class Association,
























Audi Melges 20 World Championship - Alessandro Rombelli's 'STIG' leads
Volvo Ocean Race: Call of Duty comes first for Team Alvimedica
Audi Melges 20 World Championship - Day 1 images by Stefano Gattini
Helping boaters understand weather basics
PWA Alacati World Cup - Exciting finish on day 2
Match 40s find the surface again + Video
Audi Melges 20 World Championship - Day 1 images by Max Ranchi
Clagett Regatta names first Executive Director
Transatlantic Race - Fleet expanded for 2015 edition
IFDS World Championship overall
Anna Tunnicliffe: Alinghi finishes second - Extreme Sailing Series
2014 18' Skiff International Regatta - Day 2
2014 Audi Melges 20 World Championship - It's go time in Garda
2nd Annual Keith Dinsmoor Regatta September 13-14
Aldo Alessio Regatta - Three days of tight racing
PWA Alacati World Cup - First blood to Van Der Steen and Offringa
Oakcliff Sailing hosts the Nacra 17, 49er and 49erFX Nationals + Video
International 18ft Skiff Regatta underway on San Francisco Bay
Maxi Yacht Rolex Cup 2014 - Quality fleet for Maxi Classic
Sailing Champions League - which is Europe's best sailing club?
Weta fun at the Wine & Roses Regatta   
Extreme Sailing Series: The Wave, Muscat claims victory on Cardiff Bay   
International 14 World Championships 2015: Not just for boys   
Rio de Janeiro achieves 50% treatment of sewage outflow *Feature   
2014 AWT Quatro Desert Showdown - Event memorable videos   
2014 18' Skiff Int Regatta: Day 1 at San Francisco - Reversal on beach   
Emirates Team NZ: Last race boost cannot save team from table bottom   
PWA Alacati World Cup - Furious slalom is upon us   
J/111 World Championships - The Winner is Shmokin Joe!   
J/24 US National Championship - Victory for Will Welles’ Cougar   
Extreme Sailing Series: View the Final Day's action - Replay   
NYYC Grandmasters Team Race - Reign continues for Noroton Yacht Club   
WSSR announces new World Record Around Britain and Ireland   
IFDS Worlds 2014 - Final day photos by Tim Wilkes   
2014 Detroit Cup - Morvan wins   
Newport Bucket Regatta 2014 -Images by George Bekris   
IFDS Worlds 2014 - Final report: USA qualifies for Rio 2016   
Extreme Sailing Series: Absent With-Out Leave – Ben Ainslie Racing   
2014 IFDS World Championship - New champions claim medals   
2014 IFDS World Championships - Sunday’s race images by Tim Wilkes   


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