sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: July 16, 2013 - Wall Street rallies
Collinson FX Market Commentary: July 16, 2013 - Wall Street rallies


'Elliot 7’s - 2013 Auckland Cup, Day 2'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: July 16, 2013

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

Equity rallies continued on Wall Street with Citi leading the Financials by beating earnings expectations.

The Banks must make money given the highly advantageous environment the Fed continues to provide. The Empire State Manufacturing data rose, improving this sector and allaying fears in this critically challenged sector. Retail Sales rose 0.4%, which was not convincing, and missed analysts expectations and should scare many investors as it is the Consumer that drives the US economy.

The EUR held Fridays gains trading 1.3060 and the GBP 1.5100. Chinese GDP fell to 7.5 from 7.7%, well below the heady days of double figure increases. This is the new norm as the regime tries to gain control of growth and manage the expansion of the new global economic super-power. The realigned economy will provide steady demand but has turned the commodity price bubble accounting for a massive correction in associated currencies.

The AUD has fallen a long way in a short time, but has now established a solid floor at 0.9000 which has become a major support level. The currency stabilised overnight just under the 0.9100 after another hit in US trading to close last week.

The KIWI has also touched 0.7800 after again looking to test the major support level of 0.7700. These currencies remain vulnerable to any hits taken in commodity demand from China who, in turn, remain heavily exposed to Europe and the US!

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=112006

3:20 AM Tue 16 Jul 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:

12 Jul 2013  Collinson FX Market Commentary: July 12, 2013 - A dose of reality
11 Jul 2013  Collinson FX Market Commentary: July 11, 2013 - Egypt oil rises
11 Jul 2013  Collinson FX Market Commentary: July 10, 2013 - Bull run continues
09 Jul 2013  Collinson FX Market Commentary: July 9, 2013 - Aussies rebounding
06 Jul 2013  Collinson FX Market Commentary: July 6, 2013 - ANZAC Ups and Downs
05 Jul 2013  Collinson FX Market Commentary: July 5, 2013 - Rally extends to Europe
05 Jul 2013  Collinson FX Market Commentary: July 4, 2013 - Egypt pushes Oil up
03 Jul 2013  Collinson FX Market Commentary: July 3, 2013 - Equities travel well
03 Jul 2013  Collinson FX Market Commentary: July 2, 2013 - US markets continue up
29 Jun 2013  Collinson FX Market Commentary: June 28, 2013 - NZ Confidence Up
MORE STORIES ...




News - USA and the World

















470 Men and Women Worlds - Champions decided in Santander by International 470 Class Association,
















































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


ISAF Sailing World Championships Santander - Double French RS:X gold
ISAF Sailing Worlds, Santander - Day 8 images by Sailing Energy
ISAF Sailing Worlds - Finn leaders emerge from shifty Santander breeze
ISAF Sailing Worlds, Santander - RS:X winner images by Barbara Sanchez
ISAF Sailing Worlds, Santander - Rio 2016 470 spots awarded
52 Super Series 2015 - Outlook looks hot for the 52 Super Series
Starboard Hatteras Wave Jam - Another early start on day 4
ISAF Sailing World - First entry leaves sailor's reputation in tatters
2014 Chicago Match Cup - Four go through to quarter finals
470 Men and Women Worlds - Champs take over leaderboard
ISAF Sailing World Champ - Buckingham finishes with career-best result
America's Cup: Oracle's Larry Ellison to step down as CEO
Classic Yacht Regatta - Sonny takes top classic prize
ISAF Sailing Worlds, Santander - Buckingham finishes with career best
ISAF Sailing Worlds, Santander - Rio 2016 RS:X spots claimed
ISAF Sailing Worlds - Leaderboards shaping up in Santander + Video
ISAF Sailing Worlds, Santander - Giles Scott continues to extend lead
ISAF Sailing Worlds, Santander - Day 7 images by Sailing Energy
ISAF Sailing Worlds - Laser and Radial winner images by Jesus Renedo
ISAF Sailing Worlds, Santander - Medal Race images by Sail-World.com
ISAF Sailing Worlds - Dutch dominate Laser and Radial in Santander   
Royal Cup Marina Ibiza - Quantum Racing more than doubles overall lead   
J/24 World Championship - Excitement builds for Newport racing   
Volvo Ocean Race - Seb Marsset joins Team Alvimedica   
Fall Seamanship training opportunities at New York Yacht Club   
Rolex Big Boat Series: More images from San Francisco - Final Day   
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   


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