sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: November 3, 2012 - Confidence falls
Collinson FX Market Commentary: November 3, 2012 - Confidence falls

'Image of the Day Napoli, 02/11/12
Audi Melges 20 Gold Cup - Napoli 2012 Audi Sailing Series Melges 20 Final Act Day 2'    Stefano Gattini/ Studio Borlenghi

Collinson FX market Commentary: November 3, 2012

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

Confidence fell on the equity markets after a slight rise in the US Employment rate and the growing uncertainty surrounding the US Presidential Elections.

Non-Farm Payrolls added 171,000 beating expectations but the greater return to the Labour force raised the Unemployment rate from 7.8% to 7.9%!

This was a reversal of last months report and was the last significant economic report before next Tuesdays Presidential Election. The tighness of the race has created uncertainty with the Bulls on the Romney horse in the Melbourne Cup day Ballot.

The week will also be dominated by Central Bank rate decisions in Australia, UK and the ECB.

The RBA may cut rates with many focused on Flemington rather than interest rates! Markets will remain nervous and the flow to the safety of the USD pushed the AUD back to 1.0335 and the KIWI to 0.8250.

Risk appetite will be determined by the election results so will effect the commodity currencies.

Image of the Day Luna Rossa AC72 First sailing day in the Hauraki Gulf, Auckland-NZ, for AC72 Luna Rossa: -  Luna Rossa / Carlo Borlenghi  

Collinson FX market Commentary: November 2, 2012

Markets rallied strongly Friday as the recovery from Hurricane Sandy powered ahead and becomes a memory for most that were not directly affected. November kicked off strongly with a rally in equities and commodities with support from stronger economic data.

The ISM Manufacturing Index rose to 51.7 reinforcing recent gains pushing the sector to support the recovery. Consumer Confidence hit 72.2 from 68.4 and a four year high signalling a turnaround with many hopes pinned on the Romney victory. The ADP Jobs reported that the Private Sector added 158,000 new jobs under their new calculation techniques.

Unfortunately the Challenger Jobs reported a rise in Job cuts expected. The rise was 41% on the previous month and 11.6% on last year. The mixed reports mean an even greater focus on Non-Farm Payrolls expected to add 125,000 jobs with Unemployment to remain just below 8.0%.

The EUR traded 1.2930 and the GBP 1.6120 with a resurgent US supporting the Dollar. Commodities traded stronger with the AUD boosted by strong data from China.

The Chinese Manufacturing PMI rose again supporting demand pushing the AUD to just under 1.0400 and the KIWI rallying up to 0.8255. Confidence is filtering through the economy with the Presidential Election next Tuesday and many seeing a growing light in the shortening tunnel. Relief may be at hand!

Kiwi and New Caledonian sailors doing practice racing. -  Brian Haybittle©   Click Here to view large photo

Collinson FX market Commentary: November 1, 2012

US Financial markets reopened for the first time since the devastation wreaked havoc upon the North East of America. Thin trading ensued with damage effecting capacity and preoccupying many.

The Chicago PMI rose to 49.9 which is an improvement but remains in contraction mode. The election campaign will resume with the final day Tuesday and it couldn't be higher stakes. The EUR rose to 1.2950 after EU unemployment number came in at 11.6% and Inflation remained flat. Chinese leading indicators moved up to 100.49 boosting demand and commodity currencies.

The AUD rallied to 1.0370 supported also by strong rises in Building Approvals and Permits. The KIWI also held around.8200 boosted by demand and a strong housing sector. Attention turns to the all-important Non-Farm Payrolls in the US Friday with some revised numbers from ADP.

Private Sector Job claims were revised lower for September and October and will be a guide to the NFP. This will be the last major scheduled economic event before America hits the Polls so it could be hardly more important!

Image of the Day Taking delivery of a new 49erFX  Mackay Boats   Click Here to view large photo

Collinson FX market Commentary: October 31, 2012

US Financial Markets were closed as 'Super Storm Sandy' devastated the North East of America.

In a region not used to storms of such magnitude, Sandy committed enormous damage which will require huge efforts and resources to remedy. Markets remain closed until tonight but expectations are not high. Mother Nature does not have a great deal of consideration, in terms of timing, reference the Presidential Election cycle although it is probably a welcome relief to Swing-State voters.

In Europe markets rose after a relatively successful Italian Bond issue and Spanish GDP Contraction in line with expectations. EU Industrial, Economic and Consumer confidence all drifted lower as to be expected with economies contracting under the austerity measures engulfing the Economic Zone.

The EUR traded 1.2950 and the GBP 1.6050 with attention focused on the US Super Storm. Commodity currencies remain attractive as an investment away from the mayhem of the US and Europe. The AUD traded up to 1.0350 after New Home Sales fell 3.7% extending a decline in the housing market. The KIWI tested 0.8200, but remains susceptible to market vulnerabilities.

The focus will be the US Presidential Elections until Melbourne Cup day when we can all take breather and watch the RBA!

Saskia Sills,RSX,GBR 956 - 2012 RS:X Youth World Windsurfing Championships  Paul Wyeth - RYA   Click Here to view large photo

Collinson FX market Commentary: October 30, 2012

Markets closed in the US as the Super-Storm Sandy makes its way up the East Coast of the US spreading mayhem.

The storm has closed financial markets and will probably remain closed until the passing allows a return to normality and a clean-up operation can begin. This has not only disrupted the financial markets but forced the culmination of the Presidential Election campaign to alter course.

In Europe markets drifted lower as authorities continue to debate the Greek bailout with Labour reforms now a question vigorously contested along with debt write-off. The overwhelming debt levels will demand debt write-off as the budget will not service the current levels. Authorities do not want to address this issue as it debunks the argument for the bailout in the first place.

The funding of Greece was portrayed as a series of loans to transition Greece to a viable functioning EU member. The EUR traded around 1.2900 and the GBP 1.6025 with members addressing the EUR$1 Trillion budget and attempting cuts of EUR$50 Billion.

It is astounding that these bureaucrats have a budget this size on top of and in addition to all member National Budgets!?!?.

Antipodean currencies dragged into the boredom with not much movement,AUD/USD 1.0300 & NZD/USD .8155.

The markets will remain static while the weather overwhelms the US with a focus on employment later in the week and the crescendo of the Presidential elections.

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=103463

8:49 AM Sat 3 Nov 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:

02 Nov 2012  Collinson FX Market Commentary: November 2, 2012 - US strong
01 Nov 2012  Collinson FX Market Commentary: November 1, 2012 - US re-opens thin
31 Oct 2012  Collinson FX Market Commentary: October 31, 2012 - US remains closed
30 Oct 2012  Collinson FX Market Commentary: October 30, 2012 - Sandy shuts US
28 Oct 2012  Collinson FX Market Commentary: October 27, 2012 - Good news in US
26 Oct 2012  Collinson FX Market Commentary: October 26, 2012 - Olympics up UK GDP
25 Oct 2012  Collinson FX Market Commentary: October 25, 2012 - Markets steady
24 Oct 2012  Collinson FX Market Commentary: October 24, 2012 - Markets dive deeper
23 Oct 2012  Collinson FX Market Commentary: October 22, 2012 - Markets take a bath
18 Oct 2012  Collinson FX Market Commentary: October 18, 2012 - Huge rebound
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 by International Audi Melges 20 Class Association,




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   
Shark World Championships underway in Toronto   
Anna Tunnicliffe: Alinghi second o'all - Extreme Sailing Series, Day 3   


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 WAS US
LocalAds   DE  ES  FR  IT