sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: February 26, 2013 - DOW nears high
Collinson FX Market Commentary: February 26, 2013 - DOW nears high


'RAG & FAMISH HOTEL had to finish within 1st 3 placings of today’s race and ahead of Gotta Luv it 7 to win Championships - 18ft Skiff JJ Giltinan Championships2013 - Race 7'    Beth Morley    Click Here to view large photo

Collinson FX market Commentary: February 26, 2013

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

The DOW looked set to challenge the all time high early but was pegged back by political news from Europe and the fallout from sequestration domestically. Italy's election look set to surprise with the phoenix of Berlusconi rising once again. This is a threat to the austerity policies employed by the current civilian leadership.

The ramifications could be severe with Italian and Spanish bonds being the canary in the mine. Moody's downgraded the UK's cherished 'AAA' status which sent jitters across Europe with the overwhelming debt levels taking its toll. The recession rolls on and looks set to continue for some time as little has been done to address the deficit and debt crises. The EUR reacted accordingly falling back to 1.3090 and the GBP 1.5140.

In the US, sequestration threatens economic growth although this is just another manufactured crises with conception in the Whitehouse. Obama has made an art of crises management, politicizing the problem only to push for favourable outcomes at last minute crises meetings. He is again pushing for higher taxes to expand the socialisation of big Government society.

The Chicago Fed's National Activity Index contracted and the Dallas Fed revealed Manufacturing suffered a further blow. Economic news has been weak contradicting the surge in Equities fueled by the flood of cash courtesy of QE infinity. Political and Economic turmoil looks set to continue in the worlds largest trading zones.

Europe is mired in uncertainty and the US swamped in drama from Obama. Risk aversion hit the AUD falling back to 1.0250 and the KIWI remaining below 0.8400 once again. Technicals continue to issue alerts as equities and currencies fail to break through ever strengthening ceilings.

C-Tech finished in 2nd place 34 seconds behind Gotta Love It 7 in Heat 7 - 18ft Skiff JJ Giltinan Championships2013 - Race 7 -  Beth Morley   Click Here to view large photo

Collinson FX market Commentary: February 25, 2013

US Equity markets wiped out the weeks losses with a Friday surge sparked by some good economic news from Europe and some pro-QE statements from St Louis Fed Chairman.

In Europe German IFO Business Climate rose to a 3 year high although exports and imports contracted. A German recovery could spark a recovery in Europe but these assumptions ignore the harsh economic realities. In the US, James Bullard suggested QE was here for a 'long time' which reassured many frightened by earlier statements questioning the impact of QE Infinity.

The EUR remained weak at 1.3185 and the GBP 1.5175. The recovery of risk-appetite softened the Dollar against the commodity currencies with the AUD retesting 1.0300 and the KIWI back to 0.8348. A flood of economic data from Europe and the US will drive markets in the coming week.

A good look at GDP growth an Employment with a closer look at US Housing. Can the Bulls ignore economic reality?


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=106928

8:24 PM Mon 25 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:

25 Feb 2013  Collinson FX Market Commentary: February 25, 2013 - US Equity surge
22 Feb 2013  Collinson FX Market Commentary: February 21, 2013 - Questions asked
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
MORE STORIES ...




News - USA and the World























2014 Pacific Cup - Scarlet Runner wins by Vanessa Yates, Hawaii












































Anna Tunnicliffe wins first event of Reebok Cross Fit Games + Video
2014 Pacific Cup - Skill and luck required for victory
Six Metre European Championship - Action resumes on day 4
BIC Techno 293 Worlds 2014 - Day 4
PWA Fuerteventura Grand Slam on the horizon
Rolex Big Boat Series - Golden Jubilee to take place this September
DH Pacific Cup - Running with the pack + Video
Women's Match Race Golfe du Morbihan - Testing day in Vannes
Brewin Dolphin Commodores' Cup - Ireland establishes solid lead
International Moth Worlds: Outteridge charges into the lead + Video
Marina Rubicón Round Canary Islands Race - First blood to Team Brunel
ISAF Youth Match Racing Worlds - Competition heats up on day 2
Laser Radial World Championships - Competition aplenty on day 3 +Video
Extreme Sailing Series - Penultimate Act to take place in Nice
Leukemia Cup - Images by Leighton O'Connor
Maxi Yacht Rolex Cup - Meeting of the grand designs
29er North American Championship - Final series kicks off
29er World Championship 2014 set to start in Kingston, Ontario
Barcelona and Parnu chosen for 2015 ORC championship events
2014 Race for Rady Yacht Race - Benefiting Rady Children’s hospital
CMRC Summer Invitational Series - Doubleheader events start tomorrow   
BIC Techno 293 Worlds 2014 - Day 3   
Sailing through STEM Night at California YC   
Six Metre European Championship - High temps and little wind on day 3   
Women’s Match Race Golfe du Morbihan - Light wind opener in Vannes   
International Moth Worlds: Rashley ahead as Aussies close in   
Brewin Dolphin Commodores' Cup - Unsatisfactory conditions on day 4   
ISAF Youth Match Racing Worlds - American unbeatable on day 1   
RS Feva World Championships - All set at Yacht Club de Carnac   
ISAF Rolex World Sailor of the Year Awards - Nominations now open   
BIC Techno 293 Worlds - Steady winds on day 2 + Video   
29er North American Open Championship - Qualifying series wraps up   
Opening ceremony O'pen Bic World Cup, Travemunde Week, Germany   
Six Metre Europeans - Wind fails to make an appearance on day 2   
Edgartown Race Weekend - Let the sailing (and good times) begin   
ISAF Youth Match Racing World Championship - Action commences July 23   
International Moth Worlds - Mothballed on day 4 + Video   
Brewin Dolphin Commodores' Cup - Ireland remains out front   
Spirits high as Team Alvimedica completes Transatlantic crossing   
Gladwell's Line: A change of direction needed in the America's Cup *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