sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: February 21, 2013 - Questions asked
Collinson FX Market Commentary: February 21, 2013 - Questions asked


'C-Tech - JJ Giltinan 18ft Skiff Championship 2013'    Lyn Holland ©    Click Here to view large photo

Collinson FX market Commentary: February 21, 2013

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


US Markets conceded yesterdays gains after the FOMC Minutes revealed a growing number of board members are questioning the 'costs and risks' associated with Quantitative Easing. The move is to 'taper or ease' QE infinity before it was previously envisioned. This news pushed equities lower and the Dollar higher.

The EUR crashed below 1.3300 and the GBP 1.5220 assisted by some poor Employment data from the UK and Bank of England advocating further easing in Monetary policy. This was not the only Central Bank 'jaw-boning' the currency with a long awaited fight-back from RBNZ Governor Wheeler. The currency wars have had collateral damage in terms of the KIWI and AUD disadvantaged by attractive yields and stubborn Monetary Policy.

Wheeler commented that the KIWI was too high and he would intervene. The NZD reacted accordingly crashing from above 0.8400 to be trading below 0.8350. The AUD has also slipped back to 1.0245 after the Fed triggered gains in the Dollar. US markets were not over zealous after Housing continued to defy all market commentators with Housing Starts collapsing 8.5%. This was on the back of the House Price Index taking a hit which blunts enthusiasm for a recovery in this sector which was to be a trigger for an economic recovery in the US.

The doubts entering into the collective minds of the Fed over the consequences of QE I, II and Infinity has finally started to recognise the reality of this unprecedented expansion of liquidity. This may be a signal to Central Banks to end the currency wars although KIWI and AUD need to play a lot of catch up!

- JJ Giltinan 18ft Skiff Championship 2013 -  Lyn Holland ©   Click Here to view large photo

Collinson FX market Commentary: February 20, 2013

US Equity markets rallied after the long weekend with some good news from Europe gave the bulls some heart. The all important, ZEW Economic Sentiment index rose to 48.2, which blew past expectations and hit 3 year highs. The reading renewed confidence that the German economy is in recovery mode and that boosts prospects for the EU. This contradicts most recent economic data with New Car Sales and Construction both falling.

A continued turnaround would be necessary to have any sort of faith in the EU as momentum is certainly negative. The EUR drifted lower at The US had little good news with the NAHB House Market Index falling below expectations at 46. Equities embraced the good news from Europe and tested 5 year highs which now is at crucial technical levels. The Dow needs to break these levels and then attack the all-time high of 14,164, but a failure to break the ceiling may see a retracement.

It has been a continuum of bleak news on the economic front but Mergers and Aquisitions have sparked confidence in equities. Activity in this area reflects a necessity for aquisition to gain growth with little happening in the generic world. The AUD regained some ground with the renewed global confidence, demand dragging it to 1.0365 and the KIWI to 0.8455

Action from the JJ Giltinan 18ft Skiff Championship 2013 -  Lyn Holland ©   Click Here to view large photo

Collinson FX market Commentary: February 19, 2013

Markets were quiet Monday as the US was closed for Presidents Day holidays. European Markets drifted lower with the EUR down to 1.3350 and the GBP 1.5465 after dovish comments from ECB President, Draghi. He observed that the EU's recovery remained weak and inflation was now falling below 2% as growth contracts at an alarming rate. Italian elections, due in a week, also hold the promise of further uncertainty and thus Bond yields look to be on the rise.

The AUD traded below 1.0300 with New Vehicle Sales falling for the month and Political turmoil continuing in election year. A new challenge for the Labor Government leadership appears in the offing as Gillard crashes in the polls.

The KIWI held on to strong levels around 0.8450 after G20 assurances of an end to the 'currency wars'! Market action is likely to heat up as the Chinese return to the fray and the US react to a short week of data release.

Inherent problems surround Europe and deficit/debt issues are consuming the US and Europe. Instability politically and weak economic growth does not bode well for near term prospects.

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=106807

8:17 PM Thu 21 Feb 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:

20 Feb 2013  Collinson FX Market Commentary: February 21, 2013 - Questions asked
19 Feb 2013  Collinson FX Market Commentary: February 19, 2013 - President's Day
15 Feb 2013  Collinson FX Market Commentary: February 15, 2013 - Frightened Bulls
14 Feb 2013  Collinson FX Market Commentary: February 14, 2013 - State of the Union
13 Feb 2013  Collinson FX Market Commentary: February 13, 2013 - Markets rebound
12 Feb 2013  Collinson FX Market Commentary: February 12, 2013 - Euros gather
11 Feb 2013  Collinson FX Market Commentary: February 11, 2013 - Agree to cut
09 Feb 2013  Collinson FX Market Commentary: February 8, 2013 - Jawboning the Euro
07 Feb 2013  Collinson FX Market Commentary: February 7, 2013 - European Bulls
05 Feb 2013  Collinson FX Market Commentary: February 5, 2013 - US on post GFC high
MORE STORIES ...




News - USA and the World



A complete recap of the most successful Melges 20 World Championship by International Audi Melges 20 Class Association,








ISAF Santander - Upwards path for Austrian women's 470 crew + video by Luissa Smith, International 470 Class Association,
























2014 Rolex Big Boat Series - Farr 40 Day 4 by William Wagner, San Francisco
































Santander Worlds – already a spectator success
ISAF Sailing World Championships Santander 2014 - Day 3 morning report
Volvo Ocean Race 2014-15 - Tales from the extreme
Volvo Ocean Race: Latest starter wins opening race
2014 J/70 World Championship - Healy, Abdullah, Becker and Borges win
2014 Rolex Big Boat Series - Full-blown, once again
ISAF Worlds - Americans jump up Laser and Laser Radial leaderboard
2014 Rolex Big Boat Series - Farr 40 Day 3
America's Cup: Luna Rossa sailing with two foiling AC45's + Video
Extreme Sailing: Emirates Team NZ retain second overall
ISAF Sailing Worlds, Santander - Rio Olympic Laser spots snapped up
Rolex Swan Cup - All set for final showdown
Upper Midwest sailors need help to take it to the next level
ISAF Sailing World Championships - RS:X action begins in Santander
ISAF Sailing Worlds, Santander - Americans rise in Laser and Radial
Extreme Sailing Series - A remarkable penultimate day’s racing + Video
Marseille One Design - GC32 GDF Suez unstoppable in the light
Rolex Swan Cup - Day 3 images by Carlo Borlenghi
ISAF Sailing World Championships - Images of the leaders in Santander
Rolex Big Boat Series - Good day for Double Trouble
Rolex Big Boat Series - Day 2 images by Erik Simonson   
Royal Cup Marina Ibiza - TP52 fleet ready for tricky race tracks   
Rolex Big Boat Series - Plenty maintains lead   
2014 Asia Pacific Student Cup - Count down begins   
Extreme Sailing Series: Live coverage of Day 3 - view here   
Volvo Ocean Race 2014-15 - Going away   
Volvo Ocean Race 2014-15 - Practice makes perfect   
2014 J/70 World Championship - Contrasting conditions on Day 4   
Rolex Big Boat Series - 50 years of big boat racing: a retrospective   
2014 Rolex Big Boat Series - Day 2   
Snipe Western Hemisphere and Orient Champ: Rios takes the Championship   
Volvo Ocean Race: Leg Zero signals start of the significant racing   
Extreme Sailing Series: Physically demanding racing for BAR on Day 2   
Emirates Team NZ: Holding second overall after Day 2 in Istanbul   
Extreme Sailing Series: A force to be reckoned with in Istanbul +Video   
ISAF Sailing Worlds - Day 1 images by Jesus Renedo and Pedro Martinez   
Marseille One Design: GC32's Armin Strom storms ahead on day 2 + Video   
ISAF Sailing World Championships - Racing underway in Santander +Video   
ISAF Sailing Worlds, Santander - Erika Reineke claims Radial race win   
Santander Worlds 2014 Mat Belcher (Part II) *Feature   


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