sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: November 9, 2012 - Equities crash
Collinson FX Market Commentary: November 9, 2012 - Equities crash

'Image of the day Timberwolf on the charge in Friday’s Rum Race'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: November 9, 2012

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

The end of a tumultuous week in the US with the repercussions being felt globally. Equity markets plunged with the prospect of a gridlocked US Government staring down the barrel of the 'fiscal cliff'! Europe added to the mix with a rioting Greece and a break down of law and order.

The recession has now spread to the EU engine room with Germany suffering the slowdown on global demand. The US has now gone through the crossroads with no real solutions pending and the record deficits driving the national debt over the edge. The US citizenry has now voted for the European style big Government, egalitarion, redistributve socialism that has overwhelmed Europe.

The future is live in the EU and that will kill global growth and demand. This will impact China and thus spread to commodity exporting Australia, NZ, Canada etc. The single currency remains fundamentally flawed and continued bailouts only prolongs the inevitable. The EUR dropped further to 1.2715 and the GBP below 1.5900.

Commodity currencies remain high with the AUD dipping under 1.0400 and the KIWI 0.8150 but as demand contracts globally they will be impacted despite the brittle US Dollar. Markets are in for more uncertainty so economic data will start to realise the Eco-Political decisions made. An extended period of stagnant recession seems likely.

Image of the day Photo of breaching whale on sailing boat two years ago was captured by photographer -  .. .  

Collinson FX market Commentary: November 7, 2012

Equity markets rallied on US Presidential Election day with the result of a very close election coming in after markets close. A rally in equities is expected with a Romney victory which is not possible according to the mainstream media.

Media sources outside of the US tend to follow the mainstream US media which are notoriously lefty so do not be surprised with a strong showing from the Conservatives! The EUR fell to 1.2815 and the GBP 1.5985 with more trouble emanating from Greece and a possible exit from the single currency. The wave of positive sentiment sweeping markets from a Republican win will extend to the USD as Romney has sworn to sack Bernanke and with it his QE projects that has destroyed the Dollar flooding markets with liquidity.

The RBA left rates unchanged, surprising many pundits, undercover of the 'Great Race'. The Melbourne Cup has truly become international with the who's who of European stayers dominating, resulting in a big win for the Irish. The prospect of winning becomes harder for the locals with the Ozzies concentrating more on sprints and the Europeans revelling in stayers.

The RBA decided global economic conditions had improved enough to support demand and thus relieve the pressure on a rate cut with an eye on growing inflationary pressures. The AUD rallied strongly back to 1.0420 and the KIWI 0.8250.

Image of the Day Matchracing in Noumea -  Brian Haybittle   Click Here to view large photo

Collinson FX market Commentary: November 6, 2012
Markets remained quiet in the lead up to the all important US Presidential Elections which will begin to unfold tonight.

The race looks too close to call with a quantum change expected if the Conservatives can get up. The market looks more immediately at the pending 'Fiscal Cliff' which will be resolved by either President but with what combination of Tax rises and cuts (and to what?)! The path of the last four years would not auger well for markets although equities have traveled well being fueled by record monetary expansion by the Central Banks globally.

Romney would at least attempt to address the deficit and commit to fiscal rectitude. Europe has assumed the background but signals of further problems with Greek austerity compliance and continued Bailout remain. The first Tuesday of November is famous also in Australia and not only for the RBA interest rate decision!

The Melbourne Cup will overshadow Political and Financial events for one day which may allow Governor Stevens to slip under the radar.

A rate cut was a virtual certainty until the burgeoning recent inflation data revealed the seeds of growth. This data would have cast a cautionary tone to the RBA and may allow inaction to err on the side of caution. Stevens has moved on every Melbourne Cup occasion and pundits expect him to cut so beware any aversion as this would impact the currency to the upside!

Recent Australian trade data has confirmed a slowdown with a fall in global demand and the impact of the strong AUD so this may tip Stevens uncertainty to act!

External influences on Markets may be reflected in the Cup result with a powerful International challenge lead by the French but we love the Irish so Go Galileo's Choice!

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=103699

9:13 AM Sun 11 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:

07 Nov 2012  Collinson FX Market Commentary: November 7, 2012 - Equities rally
06 Nov 2012  Collinson FX Market Commentary: November 6, 2012 - Markets go quiet
03 Nov 2012  Collinson FX Market Commentary: November 3, 2012 - Confidence falls
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
MORE STORIES ...




News - USA and the World



















































America's Cup: Challenger calls Competitor Meeting ahead of deadline *Feature by Richard Gladwell Sail-World.com/nz,
















New Classification Code for consultation released by the IPC
Clipper Round The World Yacht Race fleet heads for London
Volvo Ocean Race - Abu Dhabi and Team Alvimedi head for England
Rio 2016 in the sights of ISAF Youth Worlds 420 sailors
Exciting new International Audi Melges 20 Ranking System now in play
FISU World University Match Racing Championships - GBR women win gold
2014 Seiko 49er and 49erFX European Championship - Day 2
Volvo Ocean Race teams Abu Dhabi and Alvimedica leave Newport, RI
Half Ton Classics Cup - Champagne conditions on Day 2 + Video
ABYC Fourth of July Regatta - Snipes join the action
Volvo Cork Week - Three bullets for ballistic catapult
Nacra 17 Europeans - Besson and Riou lead the overall standings
Formula 16 World Championship - Aussies claim title in Newport
Vestas Sailrocket 3 - The journey beckons
Clipper Round the World - London to provide emotional heroes welcome
ISAF Youth Worlds - Italians to lead RS:X fleet in Tavira
Vestas Sailrocket 3 - Over the Horizon
Foiling Week - Italian Moth Championship - Final results
NYYC Race Week - Yachting history on display
Rescued sailors reach shore after dramatic ocean rescue
Half Ton Classics Cup: Swuzzlebubble out front on Day 1 + Video   
New York Yacht Club Race Week - Yachting history on display   
Volvo Cork Week - Thrilling conditions welcome international fleet   
Nacra 17 Europeans: Success for Italy's Bissaro and Sicouri   
America's Cup: 2017 venue short-list reduced to two Cities   
Formula Windsurfing Youth and Master Worlds overall   
49er and 49erFX Europeans: Pitfalls aplenty on day 1 + Video   
ISAF Youth Worlds - Laser Radial sailors look to join list of legends   
Coville soon to chase solo circumnavigation record in giant trimaran   
Fierce competition at the Meanline Fins Slalom Challenge   
Volvo Ocean Race - Team Brunel opt for experienced winner   
Bakewell-White supermaxi designed to take Transpac's Barn Door Trophy *Feature   
Crew rescued by navy patrol from J/111 racer after Mayday in storm   
Team Alvimedica practice in Newport, RI - Photos   
18 foot skiff European Championship (Open Europeans) - Final results   
Nacra 17 European Championships - No action on day 1   
ISAF Youth Worlds - 29er and SL16 sailors prepare for battle + Video   
Volvo Ocean Race: Eight new crew members named by teams   
Volvo Ocean Race: New additions to Spanish team announced   
2014 Cape Panwa Hotel Phuket Raceweek - Phuket Island is ready to host   


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