sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : Collinson FX Market Commentary: August 14, 2013 - US up others slide
Collinson FX Market Commentary: August 14, 2013 - US up others slide


'49er - Day 4, Oceanbridge Sail Auckland 2013'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: August 14, 2013

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

Asian and European equity markets rebounded strongly after some good economic news with the important ZEW Economic Sentiment report surging in Germany and across the EU. Equities fed off the good news but this did not translate so aggressively to US markets.

Equities were positive with the NFIB Small Business Optimism report up but Retail Sales missing expectations. Retail Sales grew 0.2% but markets were expecting better. This dampened the need for tapering so the market rallied. 10 year US Bonds jumped 10 points to trade 2.73% which is a warning sign!

The US Dollar strengthened with QE tapering prospects pushing the EUR down to 1.3250 and the GBP 1.5440. Commodities booked gains but not enough to arrest the rise in the Dollar. The AUD slipped back to 0.9090 and the KIWI below the big, big figure, to trade 0.7950.

Markets will continue to trade the 'tapering trade' and the impact of economic data on Central bank future action. Housing data in the US will now assume centre stage

:
Mixed Multihull - Day 4, Oceanbridge Sail Auckland 2013  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: August 13, 2013

Equities markets remained weak, with little economic data released from local markets who are looking towards Retail Sales tomorrow and Housing later in the week. The Dollar is creeping back up, as tapering becomes a more accepted reality.

The EUR drifted back to 1.3300 and the GBP back to 1.5475. Asian markets were not overly confident after Japanese GDP missed expectations rising 2.6%, well below the 3.6% expected. Japanese Monetary stimulus has been huge and the rebuild has boosted local markets but this decline in the rate of growth is a bit of a shock and will rattle the bulls. Asian markets have been the driver of commodity demand and these declines do nothing to support resurgent associated currencies.

The AUD slipped back to 0.9150 and the KIWI held 0.8000, with some strong housing data. House Sales rose 14.7% but prices declined 0.5% in a runaway market. US markets will be looking closely at consumer demand and the impact economic news will have on Central Bank policy.

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=113205

2:58 PM Wed 14 Aug 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:

16 Aug 2013  Collinson FX Market Commentary: August 15, 2013 - The canary tweets
13 Aug 2013  Collinson FX Market Commentary: August 13, 2013 - AUD drops KIWI holds
10 Aug 2013  Collinson FX Market Commentary: August 10, 2013 - AUD shoots high
09 Aug 2013  Collinson FX Market Commentary: August 9, 2013 - Kiwi close to break
07 Aug 2013  Collinson FX Market Commentary: August 7, 2013 - KIWI recovers
06 Aug 2013  Collinson FX Market Commentary: August 6, 2013 - Fonterra fallout
05 Aug 2013  Collinson FX Market Commentary: August 5, 2013 - KIWI drops
02 Aug 2013  Collinson FX Market Commentary: August 2, 2013 - ANZAC's dragged down
01 Aug 2013  Collinson FX Market Commentary: August 1, 2013 - AUD slides further
31 Jul 2013  Collinson FX Market Commentary: July 31, 2013 - Aussie takes a bath
MORE STORIES ...




News - USA and the World



















America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature by Richard Gladwell Sail-World.com/nz,




Rolex China Sea Race 2014 - nip and tuck for IRC honours by RHKYC and Guy Nowell, Sail-World Asia, Hong Kong


























HUD Vision: An interview with Afterguard Marine’s Alex Moret *Feature by David Schmidt, Sail-World USA Editor, Seattle














America's Cup: Expected de Ridder penalty should be reduced *Feature by Richard Gladwell/Sail-World.com/nz, Auckland, NZ




Rolex China Sea Race - Sailing classic returns
Les Voiles de St Barth – Fired up for battle
CNN Mainsail Down Under for the 75th JJ Giltinan Trophy - 18ft skiffs
Volvo Ocean Race: North Sails on outfitting the Volvo 65
Image gallery: James Cook High's Royal encounter on Steinlager 2 *Feature
Volvo Ocean Race - Maersk Line named shipping partner
Congressional Cup - Victory for Taylor Canfield and crew
SSV Oliver Hazard Perry joins America's Tall Ship fleet + Video
2014 Halifax – Saint-Pierre Ocean Race
Oyster Regatta Antigua - Glorious conditions prevail on final day
WWA Pro Card Qualifier - Pro Cards earned at Freedom Wake Park
Christmas Caribbean Rally - Top class sailors to compete
Earth Day boater tips
Anna Tunnicliffe - from CrossFit to Extreme 40's
Charleston Race Week - Photos by Chris Howell
Image Gallery: Stratis SL33 flies on the Waitemata
Audi Melges 20- Sperry Topsider Charleston Race Week - Light final day
Clipper Round the World Yacht Race - PSP Logistics prepares for USA
ISAF Sailing World Cup Hyères - Crème of the crop to compete
Congressional Cup: Luna Rossa makes podium in first event
Int 14 World Championships 2015 launch new event website   
International Optimist Regatta Clinic and Team Race - Register now!   
Congressional Cup: World top rankers finish that way in Long Beach   
Sperry Top-Sider Charleston Race Week Day 3 finale   
America's Cup: Gino Morrelli outlines the new AC62 design   
Doyle Sails New Zealand signs Andrew Brown as One Design Manager   
America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess *Feature   
29er World Youth Sailing Week Easter regatta - Day 1 and 2 overall   
C Thomas Clagett Jr Memorial Clinic/Regatta - Entries start to roll in   
50th Congressional Cup: See the delayed coverage and media conferences   
Clipper Race 10 Day 27: Closing stages - Qingdao to San Francisco   
Canfield, Williams, Bruni, Swinton in Congressional Cup final four   
Sperry Top-Sider Charleston Race Week - Day 2   
Audi Melges 20 Charleston Race Week - Perfect conditions in Charleston   
Oyster Regatta Antigua - Full on ocean conditions for day 3   
PWA World Tour - A taste of things to come at La Torche + Video   
Women's International Match Racing Series kicks off in June   
Melges 32 Audi Tron Sailing Series - Action shots by Max Ranchi   
Clipper Round the World Yacht Race - Frustrating conditions   
Man rescued after falling overboard in Pacific taken to hospital   


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.
X6XL NEW US