sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: October 18, 2012 - Huge rebound
Collinson FX Market Commentary: October 18, 2012 - Huge rebound

'Image of the Day The recovery of US 17 - Oracle Team US - Haulout Pier 80'    Erik Simonson © www.pressure-drop.us

Collinson FX market Commentary: October 18, 2012

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

The huge rebound in global equity markets continued with a consolidation supported by more good news on the economic front. In the US, Housing Starts jumped by 15% and Building Permits by 11.6% signalling the long awaited precursor to the economic recovery may finally be upon us!? The renewed confidence on the economic front has raised the cause of risk appetite sparking a rally in the currencies. The EUR has broken restraints and leapt to 1.3125 and the GBP to 1.6150. The resurgence is based on a negative as much of the rallies have been.

The poor performance of global economies, mired in debt, have bared witness to the rise of the power of Central Banks. Politicians have failed their constituents by not acting to curb excessive spending resulting in massive deficits. The deficits have resulted in crippling debt which has become the millstone. The overwhelming debt level consumes income previously destined for expenditure for the greater good. Politicians continue to spend more than revenue provides accentuating the short-term nature of the Political cycle.

The failure of leaders to act within their means has resulted in Central Bankers intervening, acting Monetarily to counter fiscal ineptitude. The expansion of liquidity has eroded citizens wealth by destroying the currency and reducing asset values. This has to be, as western countries live beyond their means. The commodity currencies extended recent gains with renewed risk appetite. The AUD has recovered to 1.0375 and the KIWI to 0.8215 fueled by inflated interest rate yields. Irresponsible political leadership has resulted in Central Bank flagrancy which now calls for RBA and RBNZ conformation. Inflated currencies have crippled trade exposed sectors advancing the cause of recalcitrant nations. European developments will continue to undermine markets and be aware of the 'October Factor'.

Image of the Day Emirates Team New Zealand. Day 12 of testing for the team’s first AC72. -  Chris Cameron-ETNZ   Click Here to view large photo

Collinson FX market Commentary: October 17, 2012

Markets continued to rally strongly eliminating last weeks losses with a surge in risk appetite. The conception was sparked in Europe with word of a Spanish request for a bailout while Portuguese riot in the streets against austerity measures required from their own bailout!

The German ZEW Economic Sentiment reported an improvement but still sits at minus 11.5. Corporate earnings continued to drive equities north lead by the financials. Citibank rallied after CEO, Pandit, resigned much to the relief of many.

CPI was released in Europe, US and NZ and was benign despite huge rises in cost of living because of the lack in growth. Industrial and Manufacturing Production both increased in the US contradicting previous data and thus added impetus to the rally in equities.

Commodities were mixed despite the strong rally and the AUD drifted to trade 1.0265. NZD was hit with surprising news on inflation which fell to 0.8%. The lack of growth allows speculation that RBNZ will cut rates thus reducing pressures on the currency which fell to 0.8130.

Esimit Europa 2 winner of 44 Barcolana race
Photo: © Carlo Borlenghi  Carlo Borlenghi/Luca Butto  

Collinson FX market Commentary: October 16, 2012

The markets opened the week stronger putting a week of losses behind and looking at strong economic data and corporate earnings. Chinese CPI slowed as did the PPI which lowered input costs and eased monetary pressures. Exports from China doubled beating expectations and weakening recent trade data.

In Europe, the German Finance Minister refuted a Greek default and espoused the harm of an exit on the EU family. In the US, Retail Sales leapt 1.1% beating expectations and giving risk appetite a boost. This was tempered by the Empire State Manufacturing survey which contracted for the third straight month. The EUR held steady at 1.2940 and the GBP 1.6070.

The weak Manufacturing data hit commodities falling uniformly. The immediate impact on the associated currencies was tempered by the strong data from China. The AUD held 1.0250 and the KIWI 0.8180 with rising Home Loans and Car Sales reflecting a recovery in these major sectors after RBA easing policies beginning to impact. Corporate earnings have been strong, lead by Financials with Citi beating expectations with a free pass from Bond Yield returns.

Look for developments from Europe and economic data and corporate earnings to drive market sentiment in the US. Election fever is rising in the US and the gains by Romney are a positive for markets with Obama ineptitude well and truely exposed.

The second debate tonight may well cement the rise of conservatives with the 'Great Orator' unable to combat mortal questioning!

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=102989

12:59 PM Thu 18 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:

17 Oct 2012  Collinson FX Market Commentary: October 17, 2012 - Markets rally
16 Oct 2012  Collinson FX Market Commentary: October 16, 2012 - Markets open strong
13 Oct 2012  Collinson FX Market Commentary: October 12, 2012 - Markets & Kiwi flat
11 Oct 2012  Collinson FX Market Commentary: October 11, 2012 - Alcoa moves ahead
10 Oct 2012  Collinson FX Market Commentary: October 10, 2012 - IMF rings bell
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
MORE STORIES ...




News - USA and the World

Volvo Ocean Race: Tropical depression proves to be circuit beaker *Feature by Richard Gladwell, Sail-World.com/nz
The seven strong fleet in the Volvo Ocean Race have been split in two by the effects of a tropical depression over the past 24 hours or so. Having been in close contact for the first week of the race, and covered by about 25nm, the lead group positioned to the east gained a 20nm lead over the three boats positioned to the west, off the coast of Mauritius. ... [more]  

2014 ISAF Sailing World Cup Final - Abu Dhabi - The leaderboards across the ten Olympic and open kiteboarding event at the 2014 ISAF Sailing World Cup Final in Abu Dhabi, UAE are shaping up ahead of the penultimate day of racing. ... [more]  

The ‘Mirabaud Yacht Racing Image 2014’ competition is proving more popular than ever. In just under a month, no less than 50,000 people have visited the event website and viewed 380,000 pages, whilst more than 28,000 people have already voted for their favorite photograph. The social networks have been hugely successful too, with uncountable mentions, ‘shares’ and ‘likes’. ... [more]  

We won’t be able to relax until the end of the leg, it’s the kind of problem that can end our race. Its happened a load of times in offshore racing. ... [more]  

2014 World Yacht Racing Forum - The CEO of Alvimedica will be one of the event speakers alongside Sir Keith Mills, Bertrand Cardis, Bryan Winning, David Brabis, James Dadd, Dobbs Davis, Alistair Fox and many other key personalities from the yacht racing industry. ... [more]  

2014 RORC Transatlantic Race - As predicted, a low pressure system arrived in Lanzarote in the early hours of this morning, bringing strong westerly winds of over 30 knots gusting up to 45 knots. The sea state in the region has been building all day. The forecast for tomorrow morning is much the same, however may abate by the afternoon. ... [more]  

We’re talking, of course, about Johannes Polgar and Markus Koy, who make up one of two German duos in Nassau this year, along with 2014 World Champion Robert Stanjek. Polgar and Koy have been strong sailing partnership for many years now and finished fifth in the 2013 Star Sailors League Final with just Scheidt-Prada, Kusznierewicz-Zycki, Mendelblatt-Fatih and Negri-Lambertenghi in front of them. ... [more]  

Volvo Ocean Race: Heading into a tropical Depression *Feature by Mike Scullin, Predictwind
The weather team at PredictWind have put together this prognosis for the next few days, looking at what lies ahead of the Volvo Ocean Race fleet ... [more]  

Seven Australian Sailing Team and Squad crews are currently competing in five of the Olympic events at Abu Dhabi at the inaugural ISAF Sailing World Cup Final. Next on the AST and Squad’s calendar is the World Cup in Melbourne, December 7-14, 2014. The deadline of Tuesday December 2nd for entries is fast approaching and organiser Yachting Victoria is calling for final registrations. ... [more]  

2014 RORC Transatlantic Race - The inaugural RORC Transatlantic Race, in association with the International Maxi Association (IMA), starts on Saturday 29th November 1200 CET from Lanzarote, Canary Islands bound for Grenada, West Indies, 2,995 nautical miles across the Atlantic Ocean. ... [more]  

ISAF Sailing World Cup Final Abu Dhabi 2014: Smiles were present before racing at the Abu Dhabi Sailing & Yacht Club, on the waters off of the Corniche and around Lulu Island and back ashore upon the conclusion of racing. A north westerly breeze that ranged between 9-14 knots greeted the sailors across the four race tracks. The outside courses saw big waves to add some spice to the sailors’ lives. ... [more]  

Volvo Ocean Race - Team Brunel: Sailing against the wind and ramming into waves is not exactly comfortable. But it can get worse, because right now we are heading straight into a tropical storm. 'Tro-tro-tropical storm?' I stammer in fright to Louis Balcaen. The young Belgian sailor quickly makes it clear that I’m not the only one who is afraid of this particular weather condition. ... [more]  

The Commodore of the San Diego Yacht Club, which has hosted three America's Cups and one America's Cup World Series, appeared on local TV, commenting on the apparent decision to award the 35th America's Cup to British Overseas Territory of Bermuda. In this replay of the video Commodore Chuck Sinks, deftly stays within the confines of not confirming that Bermuda has won the hosting rights. ... [more]  

Overall race leader, Abu Dhabi Ocean Racing has slipped in the Volvo Ocean Race having led for most of Leg 2, and won Leg 1. But as has been done before Abu Dhabi has caught up, and now playing storm-watch. ... [more]  

Mast track issues have dogged the Chinese Volvo Ocean Race entry, Dongfeng Race Team on Leg 2 on the 40,000nm round the world race. The problem is not fully repairable in the current upwind and bumpy conditions, and is certainly an issue of concern for Charles Caudrelier led team. ... [more]  

Volvo Ocean Race: The Traemeister's onboard gym session *Feature by Richard Gladwell/Sail-World.com/nz
On Board Reporter, Brian Carlin, claimed he did not know what a Gym before he set foot aboard Team Vestas Wind. And then compounded his issues by saying that he thought 'Gym' was pronounced 'Gime'. Fitness freak Trae has taken on the invidious task of getting the Irish OBM up to a passable fitness level, believed to be 100 push-ups. ... [more]  

Volvo Ocean Race: Thanksgiving at Sea *Feature by Richard Gladwell/Sail-World.com/nz
Although they may be far from home, old traditions aren't forgotten as the US crew aboard Team Alvimedica celebrate one of the great traditions. And the non-US crew partake of their first Thanksgiving, off the coast of Madagascar. There's some of the traditional fare, adapted for the Volvo Ocean Race, and some messages and mementos from home. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - The official launch of Syd Fischer’s super maxi, Ragamuffin 100, will take place next Tuesday, 2 December 2014, at Sydney City Marine Complex, Rozelle. ... [more]  

The new application from PredictWind for Mac and PC is revolutionary for accessing weather data when offshore. Accessing GRIB files, Weather Routing, GMDSS forecasts and Satellite Imagery is now a simple task with the unique and user friendly interface. ... [more]  

Volvo Ocean Race: Mapfre takes lead in Leg 2 as break point looms *Feature by Richard Gladwell/Sail-World.com/nz
The latest position report from Volvo Ocean Race Control has given the lead in leg 2 of the Volvo Ocean Race to Mapfre (Iker Martinez). She takes over the lead from Abu Dhabi Ocean Racing (Ian Walker), who has led from soon after the start of Leg 2, a week ago. ... [more]  

Over 270 sailors from 38 nations have enjoyed a mixed range of conditions since their arrival early on in the week. The athletes have used the time to acclimatise to their surroundings, different sea states and a variety of wind strengths. But now, the practice time is over with racing across the ten Olympic and open kiteboarding fleets to kick start the inaugural ISAF Sailing World Cup Final. ... [more]  

VOR 2014-15: Some of them also wake up in the middle of the night to check the latest position reports of Team Brunel. The crew is aware of that, including our skipper Bouwe Bekking. 'We are not the only ones looking out for the position reports. We know that the home front is eyeballing every move of us. Our wives, children, girlfriends, friends and supporters live this race as extreme as we.' ... [more]  

ISAF Sailing World Cup Final 2014: Among the ten Olympic series represented, Franck Cammas will be participating in the event for the first time aboard a Nacra 17, this time teaming up with the young, light Alizée Desbordes. Having remained in France to satisfy her professional obligations, Sophie de Turckheim will be following the performance of her favourite helm closely. ... [more]  

ISAF Sailing World Cup Final: Bjorn Allansson (SWE), Briana Provancha (USA), Sofia Bekatorou (GRE), Lara Vadlau (AUT) and Anton Paz (ESP) have fully embraced the Abu Dhabi and Emirati life, grasping the opportunities available with both hands. 'There are so many welcoming and friendly people here,' explained Provancha at the opening press conference. ... [more]  

Leading sailing marine electronics manufacturer B&G has been appointed an Official Race Supplier for the Volvo Ocean Race 2014/15. B&G will also be providing full electronic navigation systems, tactical software and race support to the organisers of the 2014 Volvo Ocean Race, which began on the October 4th in Alicante, Spain. ... [more]  

If you missed this week's edition of Adventures of a Sailor Girl, then hear the replay below. Adventures of a Sailor Girl #31 - Pathways and passion! ... [more]  

Star Sailors League Finals: This Bahaman event is about much more than just sailing, however: it promises a blistering week of high emotion, passion and dazzlingly action that will deliver a unique display of sporting prowess from a slew of champions. All in an easy-to-grasp and see format that even non-sailing folk will understand perfectly. ... [more]  

America's Cup: Sweden to host World Series regatta in 2015 by Richard Gladwell/Sail-World.com/nz
Artemis Racing and the City of Gothenburg are set to host an America’s Cup World Series event during the last weekend of August (28th - 30th) 2015. Racing will take place either on the Gota River close to the city centre, or at Långedrag, and the race village will be located in Frihamnen. ... [more]  

2014 RORC Transatlantic Race - The inaugural RORC Transatlantic Race, in association with the International Maxi Association (IMA), starts on Saturday 29th November from Lanzarote bound for Grenada, 2,995 nautical miles across the Atlantic Ocean. All of the competing yachts are now safely moored in Puerto Calero Marina and last night an informal welcome drinks reception was well received with crew ... [more]  

2014 Chicago Match Cup - At the end of Chicago Match Race Center's sixth season, the numbers show how well CMRC reached both into and beyond the Great Lakes sailing community. CMRC hosted a total of 12 graded events from May to October. Of these, the five Grade Three regattas were the best attended featuring 23 skippers from nine countries. ... [more]  

2014 Extreme Sailing Series - Act 8 - Tom Slingsby, Australian Olympic Laser Gold medalist, and member of Oracle Team USA, has signed up as skipper of Oman Air, one of two Oman Sail Extreme Sailing teams, for the final act of the Extreme Sailing Series in Sydney, Australia (11-14 December). ... [more]  

Volvo Ocean Race: Big spread in fleet as Abu Dhabi leads *Feature by Richard Gladwell, Sail-World.com/nz
Abu Dhabi (Ian Walker) continues to lead the Volvo Ocean Race. She is the most westerly of the fleet as they approach the coast of Madagascar. In a video, Abu Dhabi skipper Ian Walker explains the weather hazards of the second leg of the Volvo Ocean Race. ... [more]  

ISAF Sailing World Cup Final 2014: With a packed crowd of local dignitaries, VIPS and competitors, the ISAF President welcomed the world’s finest Olympic sailors and kiteboarders who will be battling it out on Abu Dhabi's waters. 'It’s a great honour for me to be here today because we have a very important regatta which will be the future of our sport,' explained Croce. ... [more]  

America's Cup World Series: Portsmouth to host in 2015 and 2016
Volvo Ocean Race: Welcome to Brian's Gime *Feature
Volvo Ocean Racing: Abu Dhabi Leg 2 Review and what will win the Race *Feature
Rolex Sydney Hobart Yacht Race 2014 - A new deal for corinthians
2016 Hansa Class Combined World and Int'l Champs held in Netherlands
Turkey Day Regatta - Day 2
St Barth Cata Cup - New winners on the Island
Star Sailors League Final -Interview with Robert Scheidt
USODA 2015 Nationals - Pensacola Yacht Club to host
Sir Robin Knox-Johnston, an inspirational legend
ISAF Sailing World Cup Final: Inspiring the next generation in the UAE
Airwaves Noumea PWA Dream Cup – Albeau completes world title hat-trick
Volvo Ocean Race – Team Alvimedica pushing harder
Volvo Ocean Race – ADOR continues to inspire youth
Volvo Ocean Race – Team SCA’s super fan
ISAF Sailing World Cup Final: Abu Dhabi Sailing Instructions published
ISAF Sailing World Cup Final - Italian 49erFX duo ready for action
St Barth Cata Cup day 3
Volvo Ocean Race: Racing between a Rock and a Hard Place
Volvo Ocean Race - Position report at: 24 Nov 0700 UTC
2014 RC44 Championship Tour trophy – Video highlights   
Volvo Ocean Race - Position report at: 23 Nov 1930 UTC   
Volvo Ocean Race - Position report at: 23 Nov 0748 UTC   
Gladwell's Line: The America's Cup is now Bermuda's Cup? *Feature   
VX ONE Winter Series - Norris and Family earn first weekend victory   
RC44 Oman Cup - Nika wins and Team Aqua clinch their fourth RC44 title   
18ft Skiffs: Club Championship, Cordukes Clubhouse Trophy - Race three   
Volvo Ocean Race: On board with Abu Dhabi - torn sail and where to go? *Feature   
2014 Argo Group Gold Cup - Bermuda shines   
2014 Turkey Day Regatta – Day 1   
Airwaves Noumea PWA Dream Cup - Delphine Cousin officially world champ   
Volvo Ocean Race: A man's got to do what a man's got to do   
RC44 Championship Tour - A great sailing day on the Gulf of Oman   
Sail-World Team holds first Continental Conference at METS   
ISAF Sailing World Cup Final - Open Formula Kiteboarding event preview   
Volvo Ocean Race: Fleet heads into the Southern Ocean + Videos *Feature   
ISAF Sailing World Cup Final - Set to be an 'experience of a lifetime'   
America's Cup: Source named in Bermuda venue leak *Feature   
2014 RC44 Oman Cup - Challenging day + Videos   
Volvo Ocean Race: A bumpy, hard driving ride in the Southern Ocean   


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