sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: January 17, 2013 - Europe steady
Collinson FX Market Commentary: January 17, 2013 - Europe steady

'Maersk - 18ft Skiffs, Auckland January 13, 2013'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: January 17, 2013

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

European markets were steady after the IMF released a further tranche of bailout funds to Greece despite some faltering growth prospects. The World Bank has reviewed Global growth forecasts back to 2.4% with emerging markets struggling and Europe in recession.

Draghi had boosted European prospects last week but Germany reviewed their growth prospects lower in line with World Bank forecasts. In the US markets were also steady after the Fed's Biege Book considered a moderate growth in the economy. The Fed was bullish on Consumer Spending but reticent on Jobs growth. Flagging a drag on Companies reliant on European markets and exposed to the Defence Department with huge cuts in the pipeline. Banks continued to prosper funded by the Fed and taking full advantage of cheap money. Goldman Sachs tripled their profits and JP Morgan also beat expectations. Home Builder Sentiment fell, dampening the ever growing sea of bulls in this sector.

The recovery, telegraphed by the Fed, may see a hands-off approach to this year with planning in motion to remove QE in an effort to stabilise inflationary pressures. The EUR held 1.3280 while the GBP slipped under 1.6000.

Improving global demand has supported the high flying commodity currencies with the AUD 1.560 and the KIWI breaking back above 0.8400. Politicians preoccupied with gun control in Washington will soon turn to the 'Debt Ceiling' debate which will drive uncertainty in markets!

18ft Skiffs, Auckland January 13, 2013 -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: January 16, 2013
Markets continued the quiet, non-reactionary trade, experienced since the fiscal cliff was postponed and participants remained unattached. The EUR came back to trade 1.3285 and the GBP 1.6050.

There was little happening on the European front with the German CPI remaining static and the Trade Balance floating along. German GDP was also anemic, rising 0.3%, revealing the Engine-room of the EU has hit a flat spot. In the US, Retail Sales rose 0.5% giving some hope, but the Empire State Manufacturing report showed a big retrenchment in Manufacturing.

Fitch has been the first rating agency to warn the US over the 'Debt Ceiling' debate, which will dominate markets over the next month or so. Commodities continued to hold current high levels, giving support to the AUD at 1.0550 and the KIWI at just under 0.8400.

Look for US political manifestations to drive an insipid market with any surprise economic numbers likely to impact day-to-day moves.

2013-18 (22) - 18ft Skiffs, Auckland January 13, 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: January 15, 2013

Markets were steady to begin the week with little news out on the economic front. US markets were digesting various Fed leaders speeches over the country with Bernanke reiterating his stance on prolonged low rates as long as Unemployment remains stubbornly high and inflation is controlled.

Concerns are surfacing about inflationary pressures and this is any central bankers nightmare and a box Pandora does not want to open! There are open questions over Apple which has now dropped below US$500. The longer their gadgets remain on the market the more profitable they are and we are seeing a shortening lifespan on refreshed products. Post-Jobs may not see the innovation and thus the fallout will grow as innovative companies overtake them.

Commodities remain well bid and the EUR held 1.3350 and the GBP 1.6075 despite Industrial Production falling 0.3%. The AUD traded 1.0550 with Home Loans falling and Job Advertisements dropping 3.8%. Storm clouds seem to be gathering over the Australian economy in an all-important election year.

The KIWI is trading just under 0.8400 but will be impacted by further economic developments in Europe and the US. Plenty of data to determine daily directions this week and look to Political leaders for disruptive messaging.

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=105667

12:56 PM Thu 17 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:

19 Jan 2013  Collinson FX Market Commentary: January 19, 2013 - Markets surge
16 Jan 2013  Collinson FX Market Commentary: January 16, 2013 - Markets quiet
15 Jan 2013  Collinson FX Market Commentary: January 15, 2013 - Kiwi dips under .84
11 Jan 2013  Collinson FX Market Commentary: January 11, 2013 - Gradual Recovery?
09 Jan 2013  Collinson FX Market Commentary: January 9, 2013 - Europe drops
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
MORE STORIES ...




News - USA and the World















Volvo Ocean Race: Team Vestas Wind gears up in Alicante by Richard Gladwell/Sail-World.com/nz,


























Soling North American Championship concludes on Lake Erie by Canadian International Soling Association,


























ISAF Sailing Worlds - Four champions crowned as racing wraps up
ISAF Sailing Worlds, Santander - USA finishes Top-10 in 4 classes
Outteridge and Jensen – What doesn’t kill you makes you stronger
ISAF Sailing Worlds, Santander - Giles Scott wins Gold
Santander Worlds - 49ers Burling and Tuke clear ahead
ISAF Sailing Worlds – Live broadcast - Medal races
Starboard Hatteras Wave Jam day 5
WMRT Chicago Match Cup 2014 – GAC Pindar through to the semi-finals
Bart’s Bash 2014 at Royal Hong Kong Yacht Club in Victoria Harbour
Bart's Bash: First event in at Wakatere in New Zealand
ISAF Sailing Worlds Santander 2014 - AUS Laser and 470 Medals + video
2014 Patriot Regatta - U.S. Coast Guard team wins
2014 ISAF Sailing World Championships - Santander - Day 9 highlights
2014 Etchells North American Championship – Day 2
Chicago Match Cup - Top four tour teams tackle tomorrow in semi-finals
470 Men and Women Worlds - Champions decided in Santander
ISAF Sailing Worlds, Santander: 49er and Nacra 17 world titles claimed
ISAF Sailing Worlds - Caleb Paine through to Finn medal race + video
ISAF Worlds - 49er, 49erFX, Finn and Nacra 17 Rio 2016 spots taken
ISAF Sailing Worlds - 470 Women's medal race images by Thom Touw
ISAF Sailing Worlds, Santander: Scott all set to lift Finn world title   
ISAF Sailing Worlds - 470 Men's medal race images by Thom Touw   
ISAF Sailing Worlds, Santander - Aussies and Austrians claim 470 gold   
ISAF Sailing Worlds, Santander: 470 awards images by Sail-World.com   
ISAF Sailing Worlds, Santander - 470 medal race images by Jesus Renedo   
Annapolis-to-Newport Race - 'What to Expect' Seminar to take place   
Royal Cup Marina Ibiza - No racing on penultimate day   
Belcher takes record fifth 470 World Championship   
ISAF Sailing World Championships - Santander - Day 8 video highlights   
2014 Great Lakes Team Racing Championship about to set off   
2014 Etchells North American Championship - Day 1   
2014 U.S. Multihull Championship - Day 1   
2014 Chicago Match Cup - Repechage top four determined in final flight   
J/24 World Championship - 35th anniversary preview   
470 Men and Women Worlds - Santander medal race line-up confirmed   
ISAF Sailing Worlds, Santander - Day 8 images by Sail-World.com   
Royal Cup Marina Ibiza - Quantum Racing stumbles in coastal race   
ISAF Sailing Worlds, Santander - Americans ready for 470 medal races   
ISAF Sailing Worlds, Santander: Action ramps up with end zone in sight   
Big Boat Series - It's not the size, it's the length   


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