sail-world.com
 
 
News Home Cruising Photo Gallery Video 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: Challenger calls Competitor Meeting ahead of deadline *Feature by Richard Gladwell Sail-World.com/nz,
































































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
PWA Awaza World Cup - Cyril Moussilmani and Delphine Cousin on top
Foiling Week - Moth Class Italian Open Championship Day 2   
America's Cup: Luna Rossa foiling in AC45s at their Italian base   
Star World Championship - Germans claim dramatic win in Malcesine   
PWA Awaza World Cup - Down to the wire in Turkmenistan   
Route Halifax Saint-Pierre - Off to France!   
Nacra 17 Europeans - La Grande Motte back in Olympic classes arena   
Stena Match Cup Sweden - Hansen hat trick in Marstrand + Video   
Route Halifax Saint-Pierre Race keeps an eye on Arthur   
World Match Racing Tour: See the Finals replay at the Stena Match Cup   
Newport International Boat Show unveils exciting 'At The Helm' Program   
Stena Match Cup Sweden - First blood to Hansen over Canfield + Video   
Star World Championship - Americans claim race win in Malcesine   
PWA Awaza World Cup - Weather halts action on day 4   
Clipper Race - Henri Lloyd wins OneDLL Cup into Den Helder   
Clipper Race - Close match racing in closing stages of the OneDLL Cup   
Volvo Ocean Race: Spanish play catch-up with under 100 days to go   
World Match Racing Tour: Catch the live action at the Stena Match Cup   
Finn Junior Worlds - Battle for the Jorge Bruder Silver Cup   
Mobiles drive traffic - 72% increase in Sail-World.com page view *Feature   
British Open Dragon Championship finale at Royal Lymington preview   


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