sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: January 30, 2013 - Bull run continues
Collinson FX Market Commentary: January 30, 2013 - Bull run continues

'Rawene - A11 digs into a big one - 2013 Mahurangi Regatta'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: January 30, 2013

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

The bull run continues for 2013 equities emboldened by corporate earnings and an economy awash with cash. Investors desperately search for returns with bonds offering little and equities offering dividend returns and capital gains. The Fed has tripled the balance sheet and flooded the markets with cash thereby encouraging a spike in risk asset investments.

Equities are the major beneficiaries as they approach the pre-crash levels.The ability to print money and expand the Fed's balance sheet has taken the Balance Sheet to unprecedented levels which should scare the hell out of most. The only mitigating factor is that the EU and Japan have quadrupled their own Balance Sheet with gross monitisation of debt.

The Debt mounts to way past tipping levels, which should trigger a debt crises but does not...yet! Any rise in interest rates will trigger default and collapse but why should we worry? The EUR continued to gain, trading 1.3485, although the reality of the real world is starting to impact the GBP at 1.5750. In the US, the Case-Shiller Home Price Index continued to book gains contradicting previous housing data although the Consumer has withdrawn with Confidence falling to 58.6 from 66.7! Commodities find support as currencies are undermined by Central banks with the AUD rising to 1.0465 along with the flood waters.

The KIWI found support at 0.8350 with better than expected trade numbers and reserve currency support. Unrelenting confidence must be questioned with the Deficit/Debt crises around the corner but it is hard to buck the trend with Equity markets surging to post crash high testing unchartered territory. Look to economic data releases for a gauge of economic conditions.

Thelma - 2013 Mahurangi Regatta -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: January 29, 2013
Markets opened the new week lower with corporate earnings steady and some weaker housing news. The flat open to the week may just be a break in the rally January has developed. In the US, Pending Home Sales fell 4.3% contradicting the housing bulls and confounding market analysts. The sheer size of the housing surplus and weak demand would prevent any sudden and effective turn-around.

Durable Goods Orders jumped 4.6% which is good news and a positive from the consumer. The EUR continues to trade strongly at 1.3450 after the currency wars continue. The Japanese are intent on boosting their flagging export markets by diluting the Yen causing consternation in Europe and the US. The US and Europe have flooded their own markets in liquidity to gain an export advantage and stimulate growth so have little to complain about.

The currencies greatly effected are the AUD and KIWI who remain hugely disadvantaged and has been reflected in the strength of the currencies. The AUD has come off highs but still trades over 1.0400 after renewed floods in Queensland and NSW will preoccupy markets when they re-open after the Australia Day Holiday.

The KIWI begins the week 0.8315 with poor economic performance not being fully included in currency calculations due to Global Monetary largesse. Markets will continue to be driven by Central Banks and Political/fiscal ineptitude. Economic performance will be gauged by data and expectations cannot be high!?

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=106091

8:47 PM Tue 29 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:

31 Jan 2013  Collinson FX Market Commentary: January 31, 2013 - Cash rate held
29 Jan 2013  Collinson FX Market Commentary: January 29, 2013 - Flat Opening
25 Jan 2013  Collinson FX Market Commentary: January 25, 2013 - Rallies continue
24 Jan 2013  Collinson FX Market Commentary: January 24, 2013 - AUD + KIWI up
23 Jan 2013  Collinson FX Market Commentary: January 23, 2013 - AUD and KIWI rise
23 Jan 2013  Collinson FX Market Commentary: January 22, 2013 - Europe rallies
21 Jan 2013  Collinson FX Market Commentary: January 21, 2013 - KIWI dips on shrink
19 Jan 2013  Collinson FX Market Commentary: January 19, 2013 - Markets surge
17 Jan 2013  Collinson FX Market Commentary: January 17, 2013 - Europe steady
16 Jan 2013  Collinson FX Market Commentary: January 16, 2013 - Markets quiet
MORE STORIES ...




News - USA and the World





Big Boat Series - It's not the size, it's the length by Erik Simonson, Pressure-Drop.US,




























470 Men and Women Worlds - Champs take over leaderboard by 470 International Association Class,


































AWT Hatteras Wave Jam action commences on day 3
Rolex Big Boat Series: Images from San Francisco - Final Day
ISAF Sailing World Championships - Watch medal races live here
Hobie 16 Open North American Championships and Pan Am Games qualifier
ISAF Sailing World Championship - Videos from Santander
ISAF Sailing Worlds: Buckingham into Medal Race, 470's stay consistent
470 Men and Women Worlds - Vadlau and Ogar into pole position
2014 Chicago Match Cup - Defending champion on top
ISAF Sailing Worlds, Santander - Strong competition for RS:X fleets
ISAF Sailing Worlds, Santander - Big breeze on day 6 + Video
ISAF Sailing Worlds, Santander - Buckingham into Laser Medal Race
U.S. Multihull Championship - Hobie Alter Trophy to be decided
ISAF Sailing Worlds - The kind of form most sailors only dream about
Royal Cup Marina Ibiza - Quantum Racing ahead of target
ISAF Worlds Santander - 19 Rio 2016 Laser Radial spots awarded
Santander 2014 ISAF Worlds - 21 broadcasters to take live coverage
Rolex Swan Cup - Looking forward to the next 30 years
America’s Cup: The Future is foiling – AC45s to be modified
Volvo Ocean Race: Win a stopover trip by designing an ECsix T-Shirt
Red Bull 49erFX: On the eve of the Worlds in Santander
America's Cup: Ben Ainslie Racing launches partnership with Yamaha   
2014 Chicago Match Cup - Starts tomorrow   
Rio 2016 Daylight the issue for Olympic sailing regatta   
ISAF Sailing World Championships - USA 470's and Lasers battle at top   
ISAF Sailing World Championships - Santander - Day 5 video highlights   
ISAF Sailing World Championships - Santander images by Jesús Renedo   
PWA Cold Hawaii World Cup - No action on day 2   
470 Men and Women Worlds - Game on for Olympic Qualification   
ISAF Sailing World Championships: Finns off to slow start in Santander   
ISAF Sailing World Championships - Seesaw Day 5 in Santander + Video   
ISAF Sailing World Championships - 470 sailors shine in Santander   
Royal Cup Marina Ibiza - Kiwi Ray Davies returns to TP52 fleet   
Starboard Hatteras Wave Jam - No windsurfing action on day 1   
A complete recap of the most successful Melges 20 World Championship   
Rolex Big Boat Series - Prizegiving images by Chuck Lantz   
ISAF Santander - Upwards path for Austrian women's 470 crew + video   
18ft skiffs: Carnage compilation from the glory days of the Grand Prix   
ISAF Worlds: Video from the British Sailing Team   
Bart's Bash expected to set new records this weekend   
PWA Cold Hawaii World Cup - Marcilio Browne wins Super Session   


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