sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: April 19, 2013 - Equities tumble more
Collinson FX Market Commentary: April 19, 2013 - Equities tumble more


'Frenzy - 2013 Auckland Cup, Day 3'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: April 19, 2013

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

Equities continued to tumble with economic fundamentals starting to impact the LaLa land the bulls have been occupying this year. The domestic terrorism has brought some introspection on markets and allowed reality back into the equation. This has also caused some questions to arise in Asia and the microscope has focused on Chinese growth.

The numbers are starting to disappoint and warning signals are flashing with regards domestic debt levels and real estate bubbles. This has impacted commodities which have seen a major correction and impacted associated currencies.

The AUD trades around 1.0300 and the NZD is struggling above 0.8400 with local Consumer Confidence rising but the walls are closing in.

Earnings in the US are in line but top line revenues are not meeting expectations which is undermining confidence as productivity gains can only go so far without impacting capacity. It does seem the May mood is immersing the markets early!

Georgia Racing - 2013 Auckland Cup, Day 3 -  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: April 18, 2013
Equities took another big hit sparked by increasingly bad news from Europe. Egan-Jones downgraded Germany and New Vehicle Sales fell by more than 10% setting a worrying trend. The fear that Germany would join the malaise is fast becoming a reality.

The EUR traded 1.3020 and the GBP 1.5230 which is not hugely significant considering the growing heat from the 'currency wars'. In the US, the Beige Book came in expectedly weak with modest to moderate growth across most regions. The uncertainty from US domestic terrorism and instability from North Korea and Europe are now impacting markets.

Risk appetite is under pressure and this is reflected in commodities and associated currencies. The AUD fell below 1.0300 and the KIWI 0.8430.

240313AucklandRegattaDay3 (75) - 2013 Auckland Cup, Day 3  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: April 17, 2013

Markets were hit hard after the terrorist attack on the Boston marathon. The first major terrorist attack on the US mainland since 9/11 has shaken America and the markets. Markets were lower as sentiment had slipped earlier with the major hit to commodities lead by the collapse in Gold.

The rebound occured overnight with the DOW making triple digit gains and Gold rebounding strongly. This was expected and the question is to the validity of the recovery or a 'dead cat bounce'? In Europe things continue to unwind economically with the German and EU ZEW Economic Sentiment reports released and disappointing. These indicators are a very important litmus tests for the state of the EU economy and both have been hit hard reflecting the dire state of the single market. In the US, earnings continued to add to the confidence of the Bulls and Housing Starts rose 7%. Unfortunately Building permits fell 3.9% contradicting the data in this sector.

The Fed continues to keep the foot flat to the floor pushing risk assets higher crushing the negative economic fundamentals revealed by statistics. The inexorable rise in equities continues and to buck Bernanke is standing front of the runaway freight train!

This has given solace to the commodity currencies who drew confidence from the rebound with the AUD moving back to 1.0380 and the KIWI to just under 0.8500. The Bull run has resumed although Geo-Political issues remain a major obstacle with real economic realities hitting home. May is on the way!

240313AucklandRegattaDay3 (42) - 2013 Auckland Cup, Day 3  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: April 16, 2013
Explosions around the Boston marathon has sent fear through markets. Equities crashed after domestic terrorism again hit the USA. Responsibility has not yet been claimed, or afforded, but it does seem terrorism has again hit at the heart of America, the Boston Marathon.

Equities were hit hard, with the Dow down 200, and associated risk assets also taking it on the nose. The AUD was impacted earlier after Chinese data concluded a fall in growth. Chinese GDP only grew at 7.7% missing the expectations of 8%. Industrial Production was lower, dipping below 10%, although it is hard to gauge the value of Chinese statistics. It is more a directional movement and this is the wrong way!

The main commodity currency has fallen from 1.0500 to trade 1.0350 and the KIWI below 0.8400 after testing 0.8600. Fear and instability always test risk markets and terrorism on American soil will scare many. It is not hard to guess the source.

Developments will determine the direction of markets, short term, but the fundamentals will probably enhance these instabilities. May is on the way!

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=108562

8:48 PM Thu 18 Apr 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:

18 Apr 2013  Collinson FX Market Commentary: April 18, 2013 - Risk appetite wanes
17 Apr 2013  Collinson FX Market Commentary: April 17, 2013 - Bomb hits markets
12 Apr 2013  Collinson FX Market Commentary: April 12, 2013 - KIWI gains more
11 Apr 2013  Collinson FX Market Commentary: April 11, 2013 - Equity bubble expands
10 Apr 2013  Collinson FX Market Commentary: April 10, 2013 - Confidence sky high
09 Apr 2013  Collinson FX Market Commentary: April 9, 2013 - KIWI fares well
07 Apr 2013  Collinson FX Market Commentary: April 5, 2013 - KIWI holds ground
04 Apr 2013  Collinson FX Market Commentary: April 4, 2013 - The KIWI above 84c
03 Apr 2013  Collinson FX Market Commentary: April 3, 2013 - Equities' virgin land
30 Mar 2013  Collinson FX Market Commentary: March 30, 2013 - Almost calm in Cyprus
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,






































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   
470 Men and Women World Championships - Racing abandoned on day 2   
ISAF Sailing World Championships - Day 4 images from Santander   


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 WAS US
LocalAds   DE  ES  FR  IT