sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : Collinson FX Market Commentary: 17 April - Market falls halted
Collinson FX Market Commentary: 17 April - Market falls halted

'Picture of the Day RNZYS Lion Foundation Youth crews are a picture of focus - 2012 Harken Young 88 Nationals. They finished a very creditable third overall.'    Richard Gladwell    Click Here to view large photo


Collinson FX market Commentary: 17 April 2012


Equity markets halted their falls from the previous week with some palatable economic data and absorption of the Spanish scenario.

Last week's losses were based on the growing probability of a default in Spanish debt and a slowing of Chinese growth.

In Europe all eyes remain on Spain as they go to the market to issue new Bonds and Bills all the while the interest rates continue to hit new highs. This is despite all of the funds that poured into the banks via the ECB LTRO scheme.

ECB intervention will be required to prevent a collapse and default which has terrified markets for quite some time. The economy has faced a collapse in the housing bubble which has lead to 23% unemployment. With austerity this situation is set to deteriorate further.

Spain has become the next domino after Greece set an unwelcome precedent. In the US markets watched keenly although equities stabilised with Retail Sales growing at 0.8% beating expectations holding prospects of further improvement in growth. Risk aversion subsided with the EUR rising back to 1.3130 and the GBP 1.5900.

Housing remains weak and the Empire State Manufacturing Index plunged to 6.5 heralding a fall in this previously strong sector.

Commodites benefitted the gains giving some support to the associated currencies with the AUD back to 1.0360 and the KIWI 0.8200. The NZD has seen some good news with House Sales rising 25% and Home Prices also continuing to rise.

Markets will focus on earnings in the US with influence from economic data but watch out for the omnipresent elephant in the corner.....EU Debt!

Collinson FX market Commentary: 16 April 2012

Spain looks to be the next shoe to drop! Spanish Banks revealed that they were the recipients of a third of the massive LTRO ECB lending to Banks.

The is a huge red flag to the markets now that Greece has set the precedent. Greek default was managed thus avoiding a complete meltdown in markets but has now given a window to what awaits the remaining recalcitrants. The Spanish Government is said to be in talks with the ECB for further bailout funding while their Bond Yields are rising to critical tipping levels.

This would trigger immediate risk avoidance and a huge negative impact on associated equity, currency and commodity markets. The initial negative sentiment evolved from the Chinese GDP numbers. Earlier rises in markets was based on a growing belief in a 'better than expected' number approaching 9%. The real number missed, coming in at 8.1% if you believe their authenticity.

The EUR sunk back to 1.3070 and the GBP 1.5840. In the US the news from Asia and Europe had further impact on equity markets. Consumer Sentiment dropped with the growing impact of record high gas prices. Commodities were also smashed and the Aussie took a hit falling back to 1.0360 although the KIWI remained fairly solid at 0.8220. This may change if the global fundamentals are rocked by the slow motion train smash coming from Europe.

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=96156

9:02 PM Mon 16 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:

16 Apr 2012  Collinson FX Market Commentary: 16 April - Spain the next shoe to drop
13 Apr 2012  Collinson FX Market Commentary: 13 April - Markets regain recent loss
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

Team GBR’s Sparky on the Road to Rio (Part Two) *Feature by Rob Kothe and the Sail-World Team,


Team GBR’s Sparky on the Road to Rio (Part Two) by Rob Kothe and the Sail-World Team,
















Team GBR on the Road to Rio (Part One) by Rob Kothe and the Sail-World team,
















































ISAF Sailing World Cup Hyeres - Sailors tweet about opening day
49er Blog: Glorious racing to kick start Hyeres World Cup
Clipper Round the World Yacht Race - Continuous close racing
ISAF Sailing World Cup Hyères - Fluttering flags whet sailors appetite
Antigua Classic Yacht Regatta - Race 4 images by Jude Robertson
ISAF Sailing World Cup Hyeres - US Sailing Team Sperry Top-Sider Day 1
ISAF Sailing World Cup Hyeres - Day 1 Nacra 17 images by Thom Touw
ISAF Sailing World Cup Hyeres - Day 1 Laser images by Thom Touw
ISAF Sailing World Cup Hyeres: Ioannis Mitakis leads Finns after day 1
RC44 Cascais Cup - Fresh faces join the line-up
ISAF Sailing World Cup Hyeres - Excellent racing on opening day
ISAF Sailing World Cup Hyeres - Images by Yvan Zedda and Franck Socha
ISAF Sailing World Cup Hyeres - Day 1 images by Franck Socha
Hyeres World Cup: Kiwis lead but Outteridge Jensen back in 49er fray
Belcher and Ryan lead from the start in Hyeres
ISAF Sailing World Cup Hyères - Race day 1 ready for lift off
Clipper Round the World Race 11 - Tense match downwind racing on Day 2
Antigua Classic Yacht Regatta - Day 3 an absolute gem
Quantum Key West 2015 dates confirmed
Flying Tigers 'Psych' - on Lake Lanier they pronounce it Zhik
ISAF Sailing World Cup Hyeres: Anticipation intensifies as start nears   
Clipper Round the World Race - Race 11 start images by Chuck Lantz   
27th Antigua Classic Yacht Regatta 2014 - Big breeze on the butterfly   
Rolex China Sea Race 2014 - Pryde and Joy for Hi Fi   
Clipper Round The World Race - A flying start on Day 1 of Race 11   
Cammas on Caudrelier – different styles, same objective   
Clipper Race - Californian crew member continues fundraising journey   
Antigua Classic Yacht Regatta - Race 2 images by Jude Robertson   
Les Voiles de St Barth - Images by Christophe Jouany   
Clipper Round the World Yacht Race - Fleet sets sail in race 11   
Congressional Cup - Canfield and Team US One best star-studded field   
Clipper Round the World Yacht Race - Race 11 to get underway to Panama   
Antigua Classic Yacht Regatta - Race 1 images by Jude Robertson   
Rolex China Sea Race - Hi Fi collects the coveted IRC Overall title   
Rolex China Sea Race - First arrivals in Subic Bay   
Rolex China Sea Race 2014 - a sniff of a hat-trick for Neil Pryde   
America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature   
Clipper Round the World Yacht Race: Switzerland drops trou for charity   
Rolex China Sea Race 2014 - nip and tuck for IRC honours   
Antigua Classic Yacht Regatta - 27th edition underway   


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.
X6XL WAS US