sail-world.com
 
 
News Home Video Gallery Photo 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

Team GBR’s Sparky on the Road to Rio (Part Two) *Feature by Rob Kothe and the Sail-World Team,


Team GBR’s Sparky on the Road to Rio (Part Two) by Rob Kothe and the Sail-World Team,
















Team GBR on the Road to Rio (Part One) by Rob Kothe and the Sail-World team,
















































ISAF Sailing World Cup Hyeres - Sailors tweet about opening day
49er Blog: Glorious racing to kick start Hyeres World Cup
Clipper Round the World Yacht Race - Continuous close racing
ISAF Sailing World Cup Hyères - Fluttering flags whet sailors appetite
Antigua Classic Yacht Regatta - Race 4 images by Jude Robertson
ISAF Sailing World Cup Hyeres - US Sailing Team Sperry Top-Sider Day 1
ISAF Sailing World Cup Hyeres - Day 1 Nacra 17 images by Thom Touw
ISAF Sailing World Cup Hyeres - Day 1 Laser images by Thom Touw
ISAF Sailing World Cup Hyeres: Ioannis Mitakis leads Finns after day 1
RC44 Cascais Cup - Fresh faces join the line-up
ISAF Sailing World Cup Hyeres - Excellent racing on opening day
ISAF Sailing World Cup Hyeres - Images by Yvan Zedda and Franck Socha
ISAF Sailing World Cup Hyeres - Day 1 images by Franck Socha
Hyeres World Cup: Kiwis lead but Outteridge Jensen back in 49er fray
Belcher and Ryan lead from the start in Hyeres
ISAF Sailing World Cup Hyères - Race day 1 ready for lift off
Clipper Round the World Race 11 - Tense match downwind racing on Day 2
Antigua Classic Yacht Regatta - Day 3 an absolute gem
Quantum Key West 2015 dates confirmed
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   


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