sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: May 28, 2013 - US and EUR on holiday
Collinson FX Market Commentary: May 28, 2013 - US and EUR on holiday


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

Collinson FX market Commentary: May 28, 2013

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

US Markets were closed overnight for Memorial Day long weekend making it a slow day on the markets. UK Markets also had a long Bank Holiday weekend so European activity was positive but low. Japanese Equities crashed 4%, at one stage of the days trade, in what was seen as a correction to the massive moves up from the extreme QE policies employed by the Bank of Japan.

The Yen also rebounded from the huge recent losses due to the revolutionary expansion of Monetary and Fiscal policy. The experiment underway in Japan will be watched closely as any sucess could see the EU adopt a similar strategy. European markets stabilised with the EUR 1.2930 and looking for some US direction when markets reopen tonight. Italy has three crucial Bond auctions this week which will be observed closely after recent gains in Spanish Bond yields.

The AUD traded 0.9635 and the KIWI 0.8050 with little local data releases or imported action from global markets. Look closely at Central banks and Housing Data from the US for this weeks direction.

Multihull start - 2013 Auckland Cup, Day 2  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: May 27, 2013
Equity markets experienced a volatile week with speculation over the Fed’s QE policies and their long term sustainability. Bernanke seems to be hinting at a ‘step-down’ or ‘tapering’ as economic conditions improve which put the frighteners on investors.

The QE pump is the main driver of the risk bubbles being generated in equities and markets are slowly becoming immune. The realisation is being reflected in the slow rise of US Bonds and the Dollar despite the ocean of liquidity flooding the markets.

The rising Dollar is hitting commodities and the associated currencies. The AUD is now trading 0.9650 and the NZD 0.8080.

The DOW closed flat after an early sell-off as participants squared up for the Memorial Day long weekend in the US. The new week will continue to be dominated by Central Bank speculation and key economic data release.In the US markets will eagerly await housing data and GDP as a gauge of growth. Expect a quiet open on Monday with US markets closed!

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=109937

1:09 AM Tue 28 May 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:

24 May 2013  Collinson FX Market Commentary: May 24, 2013 - AUD and NZD steady
23 May 2013  Collinson FX Market Commentary: May 23, 2013 - USD up - all else falls
22 May 2013  Collinson FX Market Commentary: May 22, 2013 - Recovery for ANZAC?
17 May 2013  Collinson FX Market Commentary: May 17, 2013 - AUD falls further
16 May 2013  Collinson FX Market Commentary: May 16, 2013 - Europe contracts USD up
15 May 2013  Collinson FX Market Commentary: May 15, 2013 - The mindless Bulls
14 May 2013  Collinson FX Market Commentary: May 14, 2013 - AUD breaks the ice
13 May 2013  Collinson FX Market Commentary: May13, 2013 - ANZACs take a bath
10 May 2013  Collinson FX Market Commentary: May10, 2013 - USD on the rise
09 May 2013  Collinson FX Market Commentary: May 9, 2013 - Oz down KIWI up
MORE STORIES ...




News - USA and the World

Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature by Rob Kothe and the Sail-World team,










America's Cup: Team NZ wish Davis well with new team by Richard Gladwell, Sail-world.com/nz,


Fisher's View: Sailing perfection at Hamilton Island- Day 3 by Bob Fisher, Hamilton Island, Queensland




2014 Formula Kite World Championship Day 1 by Markus Schwendtner, Istanbul
























Opera House Cup - Images by Ingrid Abery by Ingrid Abery/Sail-World.com,


Teams descend upon Cowes for inaugural J/111 World Championships by Stuart Johnstone, Cowes, Isle of Wight, England
























IFDS Worlds - Gary Jobson to attend opening ceremonies
Melges 32 U.S. National Championship - Dalton DeVos crowned champion
2014 Nanjing Youth Olympic Games trailer
2014 Chicago Grand Slam - Canfield wins
Round Britain and Ireland Race - Varuna takes overall lead
Audi Hamilton Island Race Week; Crosbie Lorimer Day 1 Images
Fisher's View: Hamilton Island Race Week - Day 1 - Stayin' Alive
CORK Olympic Classes Regatta 2014 - Day one
Youth Olympics: practice over, athletes welcomed, time for YOG sailing
Round Britain and Ireland Race - Record for Artemis-Team Endeavour
2014 Melges 32 U.S. National Championship - Day 2
Sevenstar Round Britain and Ireland: Artemis sets fourth course record
2014 Chicago Grand Slam - Top seeds survive as semi-finalists
420 and 470 Junior Europeans - Breezy day 4 in Gdynia
RC44 World Championship - Dramatic improvement for Artemis Racing
18' Skiff International Regatta - Action begins August 25th
Round Britain and Ireland Race - Challenging conditions arise
Round Britain and Ireland Race - Record-breaking monohull victory
Round Britain and Ireland Race - Dongfeng Race Team finishes third
RC44 Marstrand World Championship - Bronenosec the star performer
Bahamian Olympic Sailor to carry flag in honour of Sir Durward Knowles   
Sevenstar Round Britain and Ireland Race: Records continue to tumble   
Sevenstar Round Britain and Ireland Race: Course Record for Team SCA   
Round Britain and Ireland Race - Team Alvimedica completes the race   
2014 Melges 32 U.S. National Championship - Day 1   
420 and 470 Junior European Championships - A crazy race day 3   
2014 Sevenstar Round Britain and Ireland Race: Monohull record smashed   
2014 Chicago Grand Slam - Top seeds take the early lead   
Frostad proud to have seven Volvo Ocean Race boats with seven sponsors *Feature   
RC44 World Championship - Bronenosec Sailing Team on form   
Round Britain and Ireland Race - Dongfeng defends third position   
Volvo Ocean Race: Team Vestas Wind emerges into the sunlight   
Volvo Ocean Race: Round Britain on board Team SCA with the   
Volvo Ocean Race: Round Britain on board Azzam and Team Campos   
Sevenstar Round Britain and Ireland Race - Twist of fate on day 5   
Mallorca’s Puerto Portals to host the 2015 TP52 World Championship   
Volvo Ocean Race: Round Britain on board with Team Alvimedica   
Volvo Ocean Race: Round Britain with on board with Team Dongfeng   
Melges 32 U.S. National Championship 2014 - Teams ready for action   
USA Match Racing Grand Slam Series - Kicks off in Chicago   


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