sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : Collinson FX Market Commentary: January 9, 2013 - Europe drops
Collinson FX Market Commentary: January 9, 2013 - Europe drops

'Image of the day Dragon Boat Nationals 2013 - 7-8/01/2013, Botany Bay Sailing Club, Sans Souci'    Andrea Francolini ©

Collinson FX market Commentary: January 10, 2013

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

European markets continued the negative trend with the release of a huge volume of economic data. EU Retail Sales fell along with Consumer Confidence. EU Business, Industrial and Economic Climates have all taken a cold turn with Employment hovering at 11.8%. Retail Sales continued to fall and German Factory Orders slipped 1%. These are all headline economic data releases and all show an Economic Zone entrenched in recession, which will be difficult to recover from.

In the US, NFIB Small Business Optimism remained steady at 88 but still reflects the weakness in this all-important sector. The Equity markets continued to return last weeks gains with the prospect of the earnings season kicking off with Alcoa. The earnings season is not expected to be over bullish as Corporate earnings will reflect the tough economy and lack in investment.

The EUR returned recent gains to trade back at 1.3065 and the GBP 1.6050. The Australian Trade Balance continued to deteriorate as global demand weakens although the relative strength of the economy and attractive interest rate differentials supported the currency just under 1.0500.

The KIWI rides along with the 'least worst' trade holding just over 0.8300. Earnings and Economic data will continue to dominate the market direction this week but watch for Political developments which could cause major changes in conditions.

Image of the Day Southern Cross, now under US ownership, sailing in te Tall Ships and Classics regatta in the Bay of Islands -  Steve Western   Click Here to view large photo

Collinson FX market Commentary: January 6, 2013

The New Year rally continued at the close of the week sparked by the Fiscal Agreement in Congress. The reality will sink in and markets will look at the next round with the Debt Ceiling negotiations very close on the Horizon.

The fiscal irresponsibility will drive the the US to the edge and any spike in interest rates will put them over. The Fed indicated a propensity to begin to raise rates later in the year if conditions continued to improve. This has given some backbone to the USD pushing the EUR back to 1.3070 and the GBP 1.6060. This did not effect the commodity currencies as confidence exploded and pushed commodity prices north.

The AUD looks set to test 1.0500 although the KIWI receded from initial gains to settle above 0.8300. This coming week is a huge week for Economic data releases in Europe, the US and Asia which may well impact daily, especially with any surprises. ECB and Bank of England rate decisions will monitored closely later in the week. Political developments will drive the undercurrent of sentiment.

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=105336

11:49 PM Tue 8 Jan 2013GMT


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:

30 Dec 2012  Collinson FX Market Commentary: December 30, 2012 - Fiscal Fiasco
23 Dec 2012  Collinson FX Market Commentary: December 21, 2012 - Boehner's Plan B
20 Dec 2012  Collinson FX Market Commentary: December 20, 2012 - Fiscal Cliff negs
19 Dec 2012  Collinson FX Market Commentary: December 19, 2012 - Santa Rally
15 Dec 2012  Collinson FX Market Commentary: December 16, 2012 - Overhanging cliff
14 Dec 2012  Collinson FX Market Commentary: December 14, 2012 - Reality check
13 Dec 2012  Collinson FX Market Commentary: December 13, 2012 - Confidence surges
12 Dec 2012  Collinson FX Market Commentary: December 12, 2012 - Xmas rally stays
11 Dec 2012  Collinson FX Market Commentary: December 11, 2012 - Market rally
09 Dec 2012  Collinson FX Market Commentary: December 7, 2012 - NZD breaks 83c mark
MORE STORIES ...




News - USA and the World























America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature by Richard Gladwell Sail-World.com/nz,




Rolex China Sea Race 2014 - nip and tuck for IRC honours by RHKYC and Guy Nowell, Sail-World Asia, Hong Kong


























HUD Vision: An interview with Afterguard Marine’s Alex Moret *Feature by David Schmidt, Sail-World USA Editor, Seattle














America's Cup: Expected de Ridder penalty should be reduced *Feature
World Youth Sailing Week – Second edition officially presented + Video
Rolex China Sea Race - Sailing classic returns
Les Voiles de St Barth – Fired up for battle
CNN Mainsail Down Under for the 75th JJ Giltinan Trophy - 18ft skiffs
Volvo Ocean Race: North Sails on outfitting the Volvo 65
Image gallery: James Cook High's Royal encounter on Steinlager 2 *Feature
Volvo Ocean Race - Maersk Line named shipping partner
Congressional Cup - Victory for Taylor Canfield and crew
SSV Oliver Hazard Perry joins America's Tall Ship fleet + Video
2014 Halifax – Saint-Pierre Ocean Race
Oyster Regatta Antigua - Glorious conditions prevail on final day
WWA Pro Card Qualifier - Pro Cards earned at Freedom Wake Park
Christmas Caribbean Rally - Top class sailors to compete
Earth Day boater tips
Anna Tunnicliffe - from CrossFit to Extreme 40's
Charleston Race Week - Photos by Chris Howell
Image Gallery: Stratis SL33 flies on the Waitemata
Audi Melges 20- Sperry Topsider Charleston Race Week - Light final day
Clipper Round the World Yacht Race - PSP Logistics prepares for USA
ISAF Sailing World Cup Hyères - Crème of the crop to compete   
Congressional Cup: Luna Rossa makes podium in first event   
Int 14 World Championships 2015 launch new event website   
International Optimist Regatta Clinic and Team Race - Register now!   
Congressional Cup: World top rankers finish that way in Long Beach   
Sperry Top-Sider Charleston Race Week Day 3 finale   
America's Cup: Gino Morrelli outlines the new AC62 design   
Doyle Sails New Zealand signs Andrew Brown as One Design Manager   
America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess *Feature   
29er World Youth Sailing Week Easter regatta - Day 1 and 2 overall   
C Thomas Clagett Jr Memorial Clinic/Regatta - Entries start to roll in   
50th Congressional Cup: See the delayed coverage and media conferences   
Clipper Race 10 Day 27: Closing stages - Qingdao to San Francisco   
Canfield, Williams, Bruni, Swinton in Congressional Cup final four   
Sperry Top-Sider Charleston Race Week - Day 2   
Audi Melges 20 Charleston Race Week - Perfect conditions in Charleston   
Oyster Regatta Antigua - Full on ocean conditions for day 3   
PWA World Tour - A taste of things to come at La Torche + Video   
Women's International Match Racing Series kicks off in June   
Melges 32 Audi Tron Sailing Series - Action shots by Max Ranchi   


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