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Sail-World.com : Collinson FX Market Commentary: October 1, 2013 - Shutdown looms
Collinson FX Market Commentary: October 1, 2013 - Shutdown looms


'18ft Skiffs San Francisco, USA'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: September 27, 2013

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Equity markets fell again overnight as the pending US Government shutdown appears more likely.

The deadlines are disappearing and it seems likely the shut down will occur with the Debt Ceiling debate looming large. Uncertainty prevailed overnight and another volatile October seems to be in the offing. Equities hate the uncertainty and the steady meltdown continues. The USD is not as attractive in the face of all the political warfare and the GBP continues to book heavy gains, rising to 1.6180.

Even the single European currency took heart and rallied to 1.3525. Commodity currencies continued to be beneficiaries with the KIWI breaking 0.8300 after a rise in business confidence.

The AUD also managed to break back over the 0.9300 in spite of adverse local currents. Attention will be focused on the US Government so politics will drive markets over the next 24 hours!


For more on Collinson FX and market information see:
www.collinsonfx.com and www.collinsonwealthmanagement.com

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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

  

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8:05 AM Wed 2 Oct 2013GMT


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