sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: December 12, 2013 - An excuse gone
Collinson FX Market Commentary: December 12, 2013 - An excuse gone


'ISAF Sailing World Cup, Melbourne Day 6 Thomas Saunders (NZL) (Laser)- Silver medalist'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: December 12, 2013

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

Congress negotiated an agreement on the Federal Budget removing another excuse from the Federal Reserve to remove monetary stimulus.

The major reason for running money printing presses white hot was to stimulate an economy that was flat and risks were given as Employment, Growth and Fiscal upheaval. The Fiscal obstacle looks to have been removed with Republicans seeming to have learnt their lesson. Agree to the excessive deficits and debt or suffer the political consequences! The other pre-requisites appear to have been fulfilled with unemployment continuing to fall (now down to 7%) and GDP growth apparently above 3%! This means the Fed is running out of legitimate excuses to continue to expand the Balance sheet through QE Infinity.

Equity markets acted accordingly and slumped with the Dollar staging a revival. The EUR dropped below 1.3800 and the GBP fell to 1.6380. Risk curencies felt the effect more dramatically, with the AUD dropping back to 0.9050, after GM announced closure of the major domestic car producer, Holden. The KIWI also dropped back to 0.8230 with the RBNZ rate decision and associated commentary possibly offering up some compromise on recent restrictions!?

Legitimacy is at stake with the Federal Reserve and excuses have run out. There is a school of thought that believes the endless supply of money to pay for ever expanding Government is the final solution.....surely not!?

ISAF Sailing World Cup, Melbourne Day 3 - 49er (NZL) -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: December 11, 2013

Equity markets drifted lower, as consideration was given to an improving economy, forcing the Fed to curb monetary stimulus. Budget talks draw to a climax, culminating in a deal by the 13th of December, giving some fiscal stability to markets and removing yet another excuse from the Fed.

The likelihood of tapering improved, but markets are sceptical, as the Dollar continued to flounder. The EUR rose to 1.3770 and the GBP to 1.6440, after a reduction in the UK trade deficit and steady Industrial and Manufacturing production.

Chinese Industrial production continued to impress, holding 10%, and Retail Sales rose 13.7%. This boosted demand for commodities and thus the associated currencies. The AUD rose to 0.9150 and the KIWI just under 0.8300.

The pressure exerted upon the risk currencies of late has come from the Central Banks but support remains, with the only threat, 'Tapering'!

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=117558

11:13 PM Wed 11 Dec 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:

13 Dec 2013  Collinson FX Market Commentary: December 13, 2013 - NZ jawboning works
11 Dec 2013  Collinson FX Market Commentary: December 11, 2013 - Tapering times
28 Nov 2013  Collinson FX Market Commentary: November 28, 2013 - Thanksgiving slows
27 Nov 2013  Collinson FX Market Commentary: November 26, 2013 - Equities climbing
24 Nov 2013  Collinson FX Market Commentary: November 23, 2013 - Equities rise more
22 Nov 2013  Collinson FX Market Commentary: November 21, 2013 - Eurozone in denial
21 Nov 2013  Collinson FX Market Commentary: November 20, 2013 - More record highs
20 Nov 2013  Collinson FX Market Commentary: November 19, 2013 - Dow sets new high
17 Nov 2013  Collinson FX Market Commentary: November 16, 2013 - ANZAC gains
15 Nov 2013  Collinson FX Market Commentary: November 15, 2013 - USD under assault
MORE STORIES ...




News - USA and the World















Volvo Ocean Race: Team Vestas Wind gears up in Alicante by Richard Gladwell/Sail-World.com/nz,


























Soling North American Championship concludes on Lake Erie by Canadian International Soling Association,


























ISAF Sailing Worlds - Four champions crowned as racing wraps up
ISAF Sailing Worlds, Santander - USA finishes Top-10 in 4 classes
Outteridge and Jensen – What doesn’t kill you makes you stronger
ISAF Sailing Worlds, Santander - Giles Scott wins Gold
Santander Worlds - 49ers Burling and Tuke clear ahead
ISAF Sailing Worlds – Live broadcast - Medal races
Starboard Hatteras Wave Jam day 5
WMRT Chicago Match Cup 2014 – GAC Pindar through to the semi-finals
Bart’s Bash 2014 at Royal Hong Kong Yacht Club in Victoria Harbour
Bart's Bash: First event in at Wakatere in New Zealand
ISAF Sailing Worlds Santander 2014 - AUS Laser and 470 Medals + video
2014 Patriot Regatta - U.S. Coast Guard team wins
2014 ISAF Sailing World Championships - Santander - Day 9 highlights
2014 Etchells North American Championship – Day 2
Chicago Match Cup - Top four tour teams tackle tomorrow in semi-finals
470 Men and Women Worlds - Champions decided in Santander
ISAF Sailing Worlds, Santander: 49er and Nacra 17 world titles claimed
ISAF Sailing Worlds - Caleb Paine through to Finn medal race + video
ISAF Worlds - 49er, 49erFX, Finn and Nacra 17 Rio 2016 spots taken
ISAF Sailing Worlds - 470 Women's medal race images by Thom Touw
ISAF Sailing Worlds, Santander: Scott all set to lift Finn world title   
ISAF Sailing Worlds - 470 Men's medal race images by Thom Touw   
ISAF Sailing Worlds, Santander - Aussies and Austrians claim 470 gold   
ISAF Sailing Worlds, Santander: 470 awards images by Sail-World.com   
ISAF Sailing Worlds, Santander - 470 medal race images by Jesus Renedo   
Annapolis-to-Newport Race - 'What to Expect' Seminar to take place   
Royal Cup Marina Ibiza - No racing on penultimate day   
Belcher takes record fifth 470 World Championship   
ISAF Sailing World Championships - Santander - Day 8 video highlights   
2014 Great Lakes Team Racing Championship about to set off   
2014 Etchells North American Championship - Day 1   
2014 U.S. Multihull Championship - Day 1   
2014 Chicago Match Cup - Repechage top four determined in final flight   
J/24 World Championship - 35th anniversary preview   
470 Men and Women Worlds - Santander medal race line-up confirmed   
ISAF Sailing Worlds, Santander - Day 8 images by Sail-World.com   
Royal Cup Marina Ibiza - Quantum Racing stumbles in coastal race   
ISAF Sailing Worlds, Santander - Americans ready for 470 medal races   
ISAF Sailing Worlds, Santander: Action ramps up with end zone in sight   
Big Boat Series - It's not the size, it's the length   


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