sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: October 11, 2013 - Surge ahead of Deal
Collinson FX Market Commentary: October 11, 2013 - Surge ahead of Deal


'Wanaka - San Francisco 18ft International - Day 3, 11 September 2013'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: October 11, 2013

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

US Equities surged overnight with the prospect of a deal on Capitol Hill. Talk is that the Republicans are ready to extend debt ceiling limits and postpone any stand-off. Caving, will embrace the markets, as equities surged but long-term problems remain. Currencies remained relatively unaffected with the EUR trading 1.3540 and the GBP 1.5975. Currencies and Bonds remain an impartial litmus on this political hyperbole.

Central Bank remain the conduit and their intentions are clear, globally! Keep the pump primed and flood markets with liquidity! Yellen will continue to print money, with gay abandon, because her socialist principles guide her towards the humanitarian Keynesian abyss, with no regard for Monetary rectitude. Risk currencies booked gains with the AUD hitting 0.9450 although the KIWI still struggled below 0.8300.

Markets are controlled by the Political impasse and Republicans look set to cave to Obama and equity markets surged. Democrats have seemingly won the game of chicken but their will be a huge political price to pay for this surrender!

C-Tech - 18ft International - Day 3, 11 September 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: October 10, 2013
Obama announced the appointment of the new Fed Chairman overnight and this overshadowed the growing crises over the Debt Ceiling/Government shutdown. The new Federal Reserve chairman is Janet Yellen and is the first female appointment. She is an academic and a dove, but significantly, second choice of the Administration.

The immediate effect on the market was to reverse the steady decline in equities, as she is seem as a dove on monetary policy and is likely to extend tapering, thus expanding bond purchases and increasing liquidity. Ordinarily this would adversely impact the Dollar but the prospects of a political deal has seen the EUR retrace back to 1.3510 and the GBP break the big figure to the downside just around 1.6000. Commodities remained mixed and the associated currencies were steady with the AUD 0.9430 and the KIWI consolidating below 0.8300.

Fed minute releases revealed most members expected tapering to begin this year and to be completed by mid-2014. Failure to act was seen as a challenge to credibility but this was ignored, as slowing economic data, pushed them to err on the side of status-quo. The Fed's actions have been to counter the grossly irresponsible fiscal policy, but Yellen's politics are partisan and will denigrate the office by her appointment.

The debt debate will continue to drive markets with developments dictating direction!

- 18ft International - Day 3, 11 September 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: October 9, 2013
Markets are transfixed with the Government shutdown and the Debt Ceiling impasse. This is a growing crises and will impact on global economies.

This happened a couple of years ago and resulted in a big hit to global markets led by equities. The US had their credit rating downgraded, despite the aversion of default. It appears that both sides are not prepared to negotiate and a crises is imminent.

Equities continued to bleed although currencies remain virtually unaffected with the EUR trading at 1.3575 and the GBP 1.6080. European economic conditions seem to be slowing and this has not been improved by the prospects in the US with default on the cards.

Commodity prices also remained mixed with the AUD holding 0.9400 but the KIWI slipping below 0.8300. It appears most directional pulls come from Political negotiations in the US and the failure of the Government negotiate a compromise.

Brinkmanship and last minute deals are a probable outcome, but damage can be done in the meantime!

Stoke (NZL) - 18ft International - Day 3, 11 September 2013  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: October 8, 2013

The US Government partial shutdown and the looming debt ceiling expiry continued to dominate market direction.

An impasse has grown between the Republican House and the Democratic Presidency and Senate. The Republicans have been forced into a corner and do not want to capitulate and the Democrats want to force their position of strength. The problem only becomes more serious when the Debt Limit is reached mid October. It is hard to see a compromise without a capitulation and the Tories appear the more likely. The disruption to markets come with the uncertainty and this has been hitting equities hard in a month renown for major equity adjustments.

The USD was steady with the EUR trading 1.3575 and the GBP 1.6085. Commodities were mixed and the AUD traded 0.9435 while much of the Country was closed for Labour Day. The KIWI also experienced light trading and held near 0.8300. Watch US and European bonds for signals of danger during these political negotiations as this will reflect the danger levels in the markets.

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=115634

11:47 PM Thu 10 Oct 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:

10 Oct 2013  Collinson FX Market Commentary: October 9, 2013 - Markets transfixed
10 Oct 2013  Collinson FX Market Commentary: October 10, 2013 - Debt crisis grows
09 Oct 2013  Collinson FX Market Commentary: October 8, 2013 - Debt ceiling looms
05 Oct 2013  Collinson FX Market Commentary: October 4, 2013 - Shutdown bites
04 Oct 2013  Collinson FX Market Commentary: October 3, 2013 - Battlin' on
03 Oct 2013  Collinson FX Market Commentary: October 2, 2013 - Shutdown on ignore
02 Oct 2013  Collinson FX Market Commentary: October 1, 2013 - Shutdown looms
28 Sep 2013  Collinson FX Market Commentary: September 27, 2013 - Break back
07 Sep 2013  Collinson FX Market Commentary: September 5, 2013 - Dollar rebounds
04 Sep 2013  Collinson FX Market Commentary: September 3, 2013 - Chinese growth
MORE STORIES ...




News - USA and the World

Stuart Alexander, one of the worlds leading yachting correspondents has been in New Zealand for the past few months, and provided the following perspective on Emirates Team New Zealand's latest media flogging, ahead of the finish of Leg 4 of the Volvo Ocean Race. ... [more]  

Barcelona World Race – Bernard Stamm and Jean Le Cam passed under 5,000 miles to the Barcelona World Race finish line and also crossed over their own outbound track. ... [more]  

Reflecting on his team’s performance on Leg 4 of the Volvo Ocean Race, Team Alvimedica skipper Charlie Enright said the youngest crew in the race had sailed its best leg to date. 'It was our most complete leg so far. But like all these legs it had its ups and downs,' said the 30-year-old Enright. 'From a navigation and tactics point of view, we stayed with the group and were hard-charging ... [more]  

It’s hot, hot, hot in Miami for the third day of Star racing in the 88th Bacardi Cup and it is the last day the Stars will be alone on the bay, as tomorrow the remaining classes, J/70, M32, Viper 640 and VX One, will begin racing in the sixth BACARDI Miami Sailing Week presented by EFG Bank. ... [more]  

Damian Foxall (IRL), one of the biggest names in offshore sailing, is joining Dongfeng Race Team (Charles Caudrelier/FRA) for the forthcoming Leg 5. Caudrelier and Foxall were on the Groupama boat that won the 2011-12 edition. The Irishman was the natural choice when Dongfeng’s skipper looked for an experienced sailor to bolster his line-up for the 6,776-nautical mile (nm) stage from Auckland ... [more]  

Marine industry experts from around the world will convene next week in the Volvo Ocean Race Village at Auckland’s Viaduct Basin for the fifth High Performance Yacht Design conference. This three-day technical conference, ninth to 11th March, is the latest for those who make it their business to push the performance boundaries of yachts both power and sail. ... [more]  

If there was any takeaway for competitors in the regatta's first three races, it's that walking away with the title of Farr 40's Midwinters Champion is not going to be an easy feat. ... [more]  

St. Maarten Heineken Regatta – The Sint Maarten Yacht Club is buzzing today with race crews arriving to register for the Gill Commodore's Cup. Over 2000 sailors are expected to take part and many of them have sailed their yachts to St.Maarten from neighbouring islands. ... [more]  

The competition for the 2015 Delta Lloyd Regatta looks promising. Especially the registrations for Laser and Laser Radial are well under way. International top sailors like Marit Bouwmeester (Laser Radial) and Bundock & Curtis (Nacra17) are up to the challenge in Medemblik from 24 - 30 May 2015. Races will start from 26 May onwards. ... [more]  

The 21 Swan yachts competing in the second edition of the Rolex Swan Cup Caribbean could not have asked for a more perfect start to the event's four scheduled days of racing in Virgin Gorda. After a rip-roaring race around the island accompanied by 20 to 22 knots of breeze and some serious waves, Swan 80 Selene was the victor in Class A (18.29m and above) while Swan 53 Music led yachts in Class B ... [more]  

Studio Borlenghi provide some of these stunning shots from Day 1 of 2015 Rolex Swan Cup Caribbean. ... [more]  

It can be the most frustrating stage of non-stop round the world racing. After completing the difficult, stressful four or five weeks in the big south, there is an almost inbuilt expectation that, by comparison, after rounding Cape Horn and passing the Falklands milestong, racing up the Atlantic life should be a bowl of cherries. ... [more]  

2015 EFG Winter Cup - Miami is known as the gateway to Latin America. For Viper sailors, it may also be the jumping off point for points east. If you hailed from an island in the Atlantic Ocean, you probably did well at the Winter Cup. ... [more]  

EFG Bank Pan American Championship 2015 - Things are about to get hot in the Viper 640 class, with two Miami regattas in Miami this week, culminating in the EFG Bank Viper 640 Pan-American Championship held during BACARDI Miami Sailing Week, one of the Class’s major championships. ... [more]  

2015 RYC Midwinters overall by Luis Kitchen, San Francisco Bay
For the third year in a row Jonathan Weston aka Hot Donutz wins the RYC Midwinters in a competitive four day series. ... [more]  

2015 Squirrel Bank Regatta - Overall report by Andy Kopetzky, Southern California
Short close chop, hobby-horsing to weather and donning layers of foul weather gear was the order of the day at Del Rey Yacht Club's annual Squirrel Bank Regatta. ... [more]  

Without cutting edge design and engineering, no one wins the America's Cup. In pursuit of their goal, the British team has developed their own sophisticated 3D sailing simulator, modelled on those used by the world of motorsport. ... [more]  

OTUSA AC45 Turbo workout images by pressure-drop.us ... [more]  

Rolex Swan Cup Caribbean – A fleet of 21 Swan yachts, comprising an array of different models from seven different countries and territories will contest an eagerly anticipated week of action in the Virgin Gorda archipelago, the British Virgin Islands tomorrow, Wednesday 4 March. ... [more]  

Photographer Tim Wright captured some of these stunning shots at the start of the RORC Caribbean 600 and along the course at St Barths, Barbuda and Redonda. ... [more]  

Gill Commodore's Cup - Entries on the increase by St. Maarten Heineken Regatta
The Gill Commodore's Cup consists of one day of racing as a stand alone event, immediately prior to the St.Maarten Heineken Regatta and is open to all boat categories taking part in the main event (excluding the Lottery Class). This year there is a record entry with over 70 yachts expected to be taking part. Several tight windward leeward races are planned for the fast performance yachts ... [more]  

After the Volvo Ocean Race finished on Saturday night, Sail-World.com's NZ editor, Richard Gladwell caught up with Ryan Houston from Team Alvimedica. He talks about wanting to sail on a Kiwi boat in the next race - how this race compares with the others in which he has sailed - how small gains seem to be paying well - the vexed issue of AIS on tactics, and more ... [more]  

After the Volvo Ocean Race finished on Saturday night, Sail-World.com's NZ editor, Richard Gladwell caught up with Dave Swete from Team Alvimedica. A product of the RNZYS Youth Program, Swete is on his second Volvo Ocean Race. He touches on the differences between the two programs, the impact that AIS is having on the racing and plenty more ... [more]  

Sail-World.com's New Zealand Editor caught up with Race Director, Jack Lloyd on the floor of the sail-loft in the Volvo Ocean Race Boatyard. In this 15 minute interview, Lloyd gives his view of the progress made as a result of adopting the Volvo 65 One Design - with all boats having finished every leg (with one exception - Vestas Wind). ... [more]  

Volvo Ocean Race: Image gallery - Tour of the Boatyard by Richard Gladwell/Sail-World.com NZL
Yesterday Volvo Ocean Race threw open the barriers and let the media have an inside view of the Boatyard at the Viaduct Events Centre The area is open to the public (stay behind the safety barriers) where you can see the boats on the hard, and look inside the Events Centre which has been converted into a massive sail and rigging loft. ... [more]  

Artemis Racing took their development AC45 out on San Francisco Bay, yesterday. Videographer, John Navas was there to catch all the action on high resolution video. ... [more]  

The countdown to the 46th edition of the Trofeo Princesa Sofia Iberostar has begun in the bay of Palma from 28th March to 4th April. With less than a month to go until the start of the event, the regatta has already around 700 teams (667) from 59 nations representing the five continents. ... [more]  

2015 RC44 Championship Tour - With less than a month to go, eleven teams are eagerly anticipating the season-opener set to take place in Malta's renowned capital of Valletta, the historic 'City of Knights', from 25-29 March. ... [more]  

The 2015 US Grand Slam Series will take place within the month of August, beginning a couple weeks earlier and in a different order than previous editions. The Manhasset Bay Yacht Club, Bayview Yacht Club, Chicago Match Race Center, and Oakcliff Sailing organizers are pleased to announce that Requests for Invitation are being accepted now and all venues anticipate high demand. ... [more]  

A beautiful sunny Miami welcomed Star sailors to the first day of the 88th Bacardi Cup. One race is scheduled for each day of the 6-day event as part of the Bacardi Miami Sailing Week (BMSW) presented by EFG Bank. With winds around 10 knots from the East, the racing area was set about 1 ¾ miles south of Dinner Key Channel. The course is set at 95 degrees with two-mile legs, which will test sailors ... [more]  

It’s been a month since the International Paralympic Committee publicized its decision to drop sailing from the slate of sports at the Tokyo 2020 Paralympic Games. Since then ISAF has stepped up to lead the appeal for reinstatement. At US Sailing, we believe ISAF leadership is critical to our chances of overturning this decision, and we are pleased to see President Carlo Croce take this on himself ... [more]  

Top international photographer, Chris Cameron is working out of the Volvo Ocean Race Village in Auckland. ... [more]  

The first WWA Pro Card Qualifier presented by Malibu boats is set for March 22, 2015, hosted once again by Freedom Wake Park in Orlando, Florida. The WWA Pro Card events have been created to separate the top riders in the world and recognize them as elite. ... [more]  

Doyle Sails and NZ Rigging supply package for new Sydney based Shaw 11
Barcelona World Race - Easier miles at the front
2015 North American Hobie 16 to be held at Pensacola Yacht Club
2015 Hobie Mid-Winter East North America
Volvo Ocean Race: Team Brunel faced big challenges – Recap Leg 4
2015 RORC Caribbean 600 – 66 best yachts and 600 mile thrilling race
ACWS Portsmouth ticket launch – Watch top sailors battling it out
E.E. Manning Regatta – NHYC kids hold it together in restless weather
2015 California Dreamin’ Series-Long Beach Stop – A close fight
Delivery of Phaedo3 MOD 70
Premiere Racing stepping aside after their 21st Key West Race Week
Sol having Serious Fun at the St. Maarten Heineken Regatta
Barcelona World Race – 60 Days at Sea– Atlantic opens up for the fleet
Volvo Ocean Race: Images from Auckland - Media Conference and more
Volvo Ocean Race: Iker Martinez returns to Mapfre as skipper
Miami Sailing Week – Bacardi Cup preview
Volvo Ocean Race: Leg 4 finishes at night after a tense day *Feature
Farr 40 International Circuit - Plenty team hungry for more
Coast Guard continues search for San Diego sailor
Sonar Class has a new builder for Sonar
Rio officials probe source of fish die-off in Olympic waters   
St. Maarten Heineken Regatta - An island-wide effort   
Volvo Ocean Race: Images ashore after Leg 4   
Volvo Ocean Race: Images from the finish of Leg 4   
Volvo Ocean Race-Brasileiro ajuda barco espanhol a vencer quarta etapa   
RYA Suzuki Dinghy Show - a British tradition   
Eight minutes between Podium players as Spanish win VOR leg 4   
Volvo Ocean Race - Leg 4 - fleet arrives in Auckland and the winner is   
Volvo Ocean Race - Leg 4 - the fleet approaches Auckland   
Volvo Ocean Race - Less than 10 miles to Auckland finish   
2015 RORC Caribbean 600 - Third time lucky for happy Hap   
Volvo Ocean Race: Leg 4 Finish - Auckland - Live Video and Updates   
Barcelona World Race - Neutrogena crosses Cape Horn with 40 knots wind   
St. Maarten Heineken Regatta - Natty Rico will close the final night   
Barcelona World Race - At Cape Horn memories are made. and recalled   
Big winds for SCYA Manning Regatta at ABY Club   
Hutchinson and Roble honored at US Sailing’s Rolex Awards ceremony   
Finn World Masters Championships 2015 - Pre registration open   
Registration for the 2015 Finn European Championship is live!   
RORC Caribbean 600, day 4 – Classic Focus and Four Figaro II teams   


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