sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: 13 April - Markets regain recent loss
Collinson FX Market Commentary: 13 April - Markets regain recent loss

'Abu Dhabi leads the pack around the first mark - Volvo Ocean Race Auckland - Start March 18,2012'    Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: 13 April 2012

Markets regained some more of the recent losses on the back of yesterdays gains. Equity markets rallied strongly growing risk appetite with greater belief in global economic growth lead by China and the USA.

Chinese growth is expected to come in around 9% above recent predictions. In the US the Trade Deficit contracted much more than expected by 12.4% boosting hope for growth. European markets gained despite Italian Bonds hitting new highs haunting markets with the stench of the debt crises manifesting.

The EUR continued to rebound testing 1.3200 and the GBP 1.5960 with EU Industrial Production holding steady albeit negative. In the US the Fed's Vice-Chair, Janet Yellen, endorced record low interest rates until 2014 thus ensuring cheap money with record liquidity until the cows come home. The access to cheap money boosted equity and commodities and pushed the Dollar lower. These moves offset the Jobs front with weekly jobless claims rising by 13,000.

Commodity gains pushed the AUD higher with some good news locally on the Employment front. Australian Unemployment remained at 5.2% after predictions off a rise. The currency rallied back to 1.0430 and also boosted the KIWI rallying to 0.8260. Markets will keep a close eye on data with growing interest in inflation.

Collinson FX market Commentary: 12 April 2012

After a week of losses, equity markets returned to the positive as risk appetite stabilised boosted by Alcoa.

Alcoa kicked off the US earning season beating all expectation revealing an increased global demand for Aluminum. This has been an industry under great pressure recently with prices collapsing but the record low prices may have found an equilibrium. Good news for Aluminium producers globally with many threatened closures in Australia and NZ. The earnings season has halted the risk aversion sentiment which tested global growth.

In the US the Biege Book release showed modest to moderate growth and a fairly steady overall snapshot. US Import prices rose more than expected by 1.3% and Weekly Mortgage Applications also fell 2.4%. European markets staged a recovery after the ECB spoke of the renactment of their Bond-Buying program and the skyrocketing Spanish bond yields subsided.

The EUR recovered to 1.3100 and the GBP hit 1.5900. Commodities also staged a rally with the AUD improving to 1.0305 and the KIWI 0.8180.

The Australian economy is under pressure with Consumer Confidence again falling further to 94.5 (-1.6%) after the Government attempts to produce a budget surplus thereby imposing their own austerity program.

Collinson FX market Commentary: 11 April 2012

Equity markets continued to tumble after the fallout from the bad Non-Farm Payrolls last 'Good Friday'. European equity markets crashed after further Bond scares shook stability and questioned the state of the EU.

Confidence in the ECB's ability to solve the EU debt crises has taken a hit. After the LTRO pumped in record amounts of cash into the banks to alleviate short term pressures and they in turn supported sovereign debt. The problem with the bonds not only remains but has degenerated. EU nations have continued to increase their debt to GDP and this will continue until the can balance their budgets to halt the borrowing. The problem is that debt is coming to a tipping point in terms of servicing and that is why markets are selling and bond rates are now reaching year long highs again.

The risk aversion spread to currency markets with flight to USD and JPY. The EUR dropped to 1.3080 and the GBP to 1.5850. Volitility hit commodities hard and the associated currencies with the AUD slipping back to 1.0260 and the KIWI 0.8140. In the US the economic recovery will be impacted as Europe slips into a double dip recession and spreads fear with possible sovereign default. Small business confidence in the US dropped with the spring recovery now under pressure. Developments from Europe will give makets direction with economic data being watched closely to gauge the environment.

Collinson FX market Commentary: 10 April 2012

The long Easter weekend ensured a quiet close to the week on the Markets.

The big news for the week was the reluctance of the Fed to participate in further QE which set equity markets back. The Non-Farm Payrolls missed targets by some way Friday coming in at 120,000, well shy of the expeactations of 205,000. Equity markets in the US were closed so the impact will not be felt until markets open again this week. The EUR ended weak around 1.3090 and commodity currencies posted some slight gains.

The AUD rose above 1.0300 and the KIWI had a look at 0.8200. Economic news this week will drive markets with inflation numbers drawing attention and industrial production in Europe and China. The correction to the downside may have further distance to travel unless the mood of markets improves.

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=95953

7:20 PM Thu 12 Apr 2012GMT


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:

12 Apr 2012  Collinson FX Market Commentary: 12 April - Markets return to Positive
11 Apr 2012  Collinson FX Market Commentary: 11 April - Euro equity markets crash
02 Aug 2011  Ponsonby Cruising Club: Winter series Races 5 - 6 All Divisions
22 Jul 2011  Ponsonby Cruising Club: Winter series Races 2 - 4 plus Overall Results
21 Jun 2011  Ponsonby Cruising Club: Results - Saturday and Sunday 18 and 19 June
24 May 2011  Ponsonby Cruising Club: Results from Saturday and Sunday 21 and 22 May
22 May 2011  Young Laser sailors meet Masters in Collinson FX Freshwater regatta






News - USA and the World

Sail-World 2.0 - the Beta version- Please take a look by Rob Kothe and the Sail-World team,


Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature by Rob Kothe and the Sail-World team,


Fisher's View: Sailing perfection at Hamilton Island- Day 3 by Bob Fisher, Hamilton Island, Queensland








America's Cup: Team NZ wish Davis well with new team by Richard Gladwell, Sail-world.com/nz,


2014 Formula Kite World Championship Day 1 by Markus Schwendtner, Istanbul
























Opera House Cup - Images by Ingrid Abery by Ingrid Abery/Sail-World.com,


Teams descend upon Cowes for inaugural J/111 World Championships by Stuart Johnstone, Cowes, Isle of Wight, England


























Melges 32 U.S. National Championship - Dalton DeVos crowned champion
2014 Nanjing Youth Olympic Games trailer
2014 Chicago Grand Slam - Canfield wins
Round Britain and Ireland Race - Varuna takes overall lead
Audi Hamilton Island Race Week; Crosbie Lorimer Day 1 Images
Fisher's View: Hamilton Island Race Week - Day 1 - Stayin' Alive
CORK Olympic Classes Regatta 2014 - Day one
Youth Olympics: practice over, athletes welcomed, time for YOG sailing
Round Britain and Ireland Race - Record for Artemis-Team Endeavour
2014 Melges 32 U.S. National Championship - Day 2
Sevenstar Round Britain and Ireland: Artemis sets fourth course record
2014 Chicago Grand Slam - Top seeds survive as semi-finalists
420 and 470 Junior Europeans - Breezy day 4 in Gdynia
RC44 World Championship - Dramatic improvement for Artemis Racing
18' Skiff International Regatta - Action begins August 25th
Round Britain and Ireland Race - Challenging conditions arise
Round Britain and Ireland Race - Record-breaking monohull victory
Round Britain and Ireland Race - Dongfeng Race Team finishes third
RC44 Marstrand World Championship - Bronenosec the star performer
Bahamian Olympic Sailor to carry flag in honour of Sir Durward Knowles
Sevenstar Round Britain and Ireland Race: Records continue to tumble   
Sevenstar Round Britain and Ireland Race: Course Record for Team SCA   
Round Britain and Ireland Race - Team Alvimedica completes the race   
2014 Melges 32 U.S. National Championship - Day 1   
420 and 470 Junior European Championships - A crazy race day 3   
2014 Sevenstar Round Britain and Ireland Race: Monohull record smashed   
2014 Chicago Grand Slam - Top seeds take the early lead   
Frostad proud to have seven Volvo Ocean Race boats with seven sponsors *Feature   
RC44 World Championship - Bronenosec Sailing Team on form   
Round Britain and Ireland Race - Dongfeng defends third position   
Volvo Ocean Race: Team Vestas Wind emerges into the sunlight   
Volvo Ocean Race: Round Britain on board Team SCA with the   
Volvo Ocean Race: Round Britain on board Azzam and Team Campos   
Sevenstar Round Britain and Ireland Race - Twist of fate on day 5   
Mallorca’s Puerto Portals to host the 2015 TP52 World Championship   
Volvo Ocean Race: Round Britain on board with Team Alvimedica   
Volvo Ocean Race: Round Britain with on board with Team Dongfeng   
Melges 32 U.S. National Championship 2014 - Teams ready for action   
USA Match Racing Grand Slam Series - Kicks off in Chicago   
U.S. Youth Championships - Climactic finish on Lake St. Clair   


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