sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: November 7, 2013 - Markets surge
Collinson FX Market Commentary: November 7, 2013 - Markets surge


'A long tiring trip ahead - Start of Coastal Classic 2013, Waitemata Harbour, October 25, 2013'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: November 7, 2013

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

Equity markets surged towards record highs after Fed officials hinted that economic weakness warranted continued monetary stimulus. Growth (GDP) and Employment numbers, to be released, will determine short term direction of equities, currencies and commodities.

The renewed commitment to QE Infinity, further depleted the value in the Dollar, with the EUR back above 1.3500 and the GBP approaching 1.6100. Commodity currencies received a boost after initial domestic data gave impetus. NZ

Unemployment dropped to 6.2%, better than expected, pushing the NZD towards 0.8400. The Australian trade numbers improved and a raft of taxes were dismissed by the new Government giving the AUD reason to break back above 0.9500. Markets now await US growth and employment data to determine the extent of monetary expansionism.

The Challenger Jobs Survey, reported that cuts were on the rise, which does not bode well for anticipated releases.

Start of Coastal Classic 2013, Waitemata Harbour, October 25, 2013  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: November 6, 2013
Markets were static overnight awaiting important economic data out of the US. GDP data will reflect the anemic growth America is suffering under the Democratic regime and Employment will be watched closely.

The impact of a growing Government is a slowing economy as the public sector drains important investment capital. The Dollar remains weak, trading at 1.3470 versus the EUR and 1.6040 against the GBP. EU growth and Employment were further downgraded but the currencies rose reflecting the destabilisation effect of QE Infinity.

The Fed continue to undermine the US and Global monetary stability with the footloose policy and explosive liquidity. Bonds remain steady but this will continue to be the warning signal. The RBA left rates unchanged, opting to resist the temptation to follow the Fed's lead and hold the status quo.

The AUD traded just below 0.9500, as the nation were focused on the 'Great Race', rather than the intricacies of monetary policy. The KIWI approached 0.8300 but remains vulnerable to any risk aversion trade.

Giacomo (Jim Delegat) - Start of Coastal Classic 2013, Waitemata Harbour, October 25, 2013  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: November 5, 2013

Equity markets closed last week strongly and have high expectations going into a strong new week of economic data releases.

Close attention will be paid to US Employment reports and GDP growth. Expectations are not high for either, with the last quarter showing no signs of a break out in the economic recovery. Analysts expect growth to contract to around 2% from 2.5% and employment to remain steady at best.

Low expectations may result in a rally in equities if the data releases are tepid. US Factory Orders rose 1.7%, slightly below expectations, but well above last months fall. The Fed will continue to pump $85 Billion, every month into the system, supporting the bubble in equities. The Dollar was steady, but with the destructive campaign the Fed has been waging, should be on the decline. The EUR traded 1.3500 and the GBP 1.5950 reflecting the weakness in the Eurozone rather than any inherent strength in the reserve currency.

Australian Retail Sales jumped 0.8%,although house prices drifted lower and job ads declined for the month in the lead up to the RBA meeting on Melbourne Cup Day. A history of cuts on Melbourne Cup Day may lead to cuts in the official rate but Ozzies will be more concerned about the outcome of the 'Great Race!' The AUD held up prior to the Central Bank meeting, trading around 0.9500 and the KIWI 0.8260.

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=116455

11:11 AM Thu 7 Nov 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:

07 Nov 2013  Collinson FX Market Commentary: November 6, 2013 - Markets static
05 Nov 2013  Collinson FX Market Commentary: November 5, 2013 - Expectations high
02 Nov 2013  Collinson FX Market Commentary: November 1, 2013 - Markets positive
31 Oct 2013  Collinson FX Market Commentary: October 31, 2013 - Stimulus stays
31 Oct 2013  Collinson FX Market Commentary: October 30, 2013 - ANZAC drift
30 Oct 2013  Collinson FX Market Commentary: October 29, 2013 - Federal Bank meets
25 Oct 2013  Collinson FX Market Commentary: October 24, 2013 - Equities retreat
23 Oct 2013  Collinson FX Market Commentary: October 23, 2013 - USD crashes
23 Oct 2013  Collinson FX Market Commentary: October 22, 2013 - Markets exhausted
20 Oct 2013  Collinson FX Market Commentary: October 19, 2013 - Moving on
MORE STORIES ...




News - USA and the World



A complete recap of the most successful Melges 20 World Championship by International Audi Melges 20 Class Association,








ISAF Santander - Upwards path for Austrian women's 470 crew + video by Luissa Smith, International 470 Class Association,
























2014 Rolex Big Boat Series - Farr 40 Day 4 by William Wagner, San Francisco
































Santander Worlds – already a spectator success
ISAF Sailing World Championships Santander 2014 - Day 3 morning report
Volvo Ocean Race 2014-15 - Tales from the extreme
Volvo Ocean Race: Latest starter wins opening race
2014 J/70 World Championship - Healy, Abdullah, Becker and Borges win
2014 Rolex Big Boat Series - Full-blown, once again
ISAF Worlds - Americans jump up Laser and Laser Radial leaderboard
2014 Rolex Big Boat Series - Farr 40 Day 3
America's Cup: Luna Rossa sailing with two foiling AC45's + Video
Extreme Sailing: Emirates Team NZ retain second overall
ISAF Sailing Worlds, Santander - Rio Olympic Laser spots snapped up
Rolex Swan Cup - All set for final showdown
Upper Midwest sailors need help to take it to the next level
ISAF Sailing World Championships - RS:X action begins in Santander
ISAF Sailing Worlds, Santander - Americans rise in Laser and Radial
Extreme Sailing Series - A remarkable penultimate day’s racing + Video
Marseille One Design - GC32 GDF Suez unstoppable in the light
Rolex Swan Cup - Day 3 images by Carlo Borlenghi
ISAF Sailing World Championships - Images of the leaders in Santander
Rolex Big Boat Series - Good day for Double Trouble
Rolex Big Boat Series - Day 2 images by Erik Simonson   
Royal Cup Marina Ibiza - TP52 fleet ready for tricky race tracks   
Rolex Big Boat Series - Plenty maintains lead   
2014 Asia Pacific Student Cup - Count down begins   
Extreme Sailing Series: Live coverage of Day 3 - view here   
Volvo Ocean Race 2014-15 - Going away   
Volvo Ocean Race 2014-15 - Practice makes perfect   
2014 J/70 World Championship - Contrasting conditions on Day 4   
Rolex Big Boat Series - 50 years of big boat racing: a retrospective   
2014 Rolex Big Boat Series - Day 2   
Snipe Western Hemisphere and Orient Champ: Rios takes the Championship   
Volvo Ocean Race: Leg Zero signals start of the significant racing   
Extreme Sailing Series: Physically demanding racing for BAR on Day 2   
Emirates Team NZ: Holding second overall after Day 2 in Istanbul   
Extreme Sailing Series: A force to be reckoned with in Istanbul +Video   
ISAF Sailing Worlds - Day 1 images by Jesus Renedo and Pedro Martinez   
Marseille One Design: GC32's Armin Strom storms ahead on day 2 + Video   
ISAF Sailing World Championships - Racing underway in Santander +Video   
ISAF Sailing Worlds, Santander - Erika Reineke claims Radial race win   
Santander Worlds 2014 Mat Belcher (Part II) *Feature   


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