sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: 24 April - Markets unwind, Kiwi falls
Collinson FX Market Commentary: 24 April - Markets unwind, Kiwi falls

'Pic of the day A wet drop in the 2012 Young 88 Nationals'    Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: 24 April 2012

Economic data and the EU debt crises drives equity and commodity markets lower.

The debt crises has grown new legs as EU members rebel against austerity measures threatening the solutions agreed to.

The French Presidential elections look bad for long time Merkel ally, Sarkozy. The Socialist, Hollande, advocates increasing Government spending and increasing taxes. He would ignore the austerity measures necessary to reel in spiralling debt.

The Netherlands also face a budget crises resisting austerity and refusing to bring their budget deficits under control. This will threaten their AAA credit rating and the Northern States solidarity. Greek elections next month promise to bring further upheaval with complete default likely. Spanish bond issues will dictate direction with higher levels leading to inevitable default.

The economic data was PMI from France, and more importantly Germany, which fell below expected levels shadowing thoughts of a recovery.

Chinese PMI also remained below 50 disappointing markets as this is the growth engine driving many markets. The EUR dipped back to 1.3145 and the GBP 1.6125. In the US markets fear complete capitulation in the EU and thus cannot seperate themselves from this collapse. Markets tumbled and commodities also drifted lower with risk-appetite.

The KIWI fell to 0.8125 and the AUD to 1.0305 mired in yet another political scandal. The Labour numbers are under threat in Parliament with their Speaker standing aside after accusations of fraud and sexual harassment.

Turmoil continues to emanate from Europe which drives markets lower and looks set to continue to unwind.


Collinson FX market Commentary: 23 April 2012

Markets ended the week on a positive note with confidence in Europe boosted by some positive German Business Sentiment data.

The worry over the debt crises seemed to subside despite Spanish Bonds rising above 6%. The French go to the polls for the first round of Presidential election on the weekend so markets will be watching closely. Polls favour the socialist nominee which could strike fear into markets. France is in a precarious situation at present with the threat of debt default and possible downgrades.

Sarkozy has been a figure of unity with the Germans and supported austerity. The socialists threaten to eradicate the austerity programs and oppose Germany's Merkel as a populist move which could threaten stability and perhaps collapse the EUR itself.

Markets rose Friday and the EUR rose back to 1.3200 and the GBP 1.6115 with strong Retail Sales adding to stronger recent economic data. In the US earnings continued to support further rises in equities and commodities.

The AUD stabilised at 1.0370 and the KIWI to 0.8180.

This week will focus on Central Banks and Housing Data in the US but storms from the EU debt crises continued to roll over markets. The markets will also look closely at the FOMC interest rates decision and the subsequent appearance of Ben Bernanke.

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=96425

8:55 PM Mon 23 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:

23 Apr 2012  Collinson FX Market Commentary: 23 April - Markets end positively
20 Apr 2012  Collinson FX Market Commentary: 20 April - Anzac dollars fall further
19 Apr 2012  Collinson FX Market Commentary: 19 April - Kiwi dollar falls
18 Apr 2012  Collinson FX Market Commentary: 18 April - Appetite for risk taking
17 Apr 2012  Collinson FX Market Commentary: 17 April - Market falls halted
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
MORE STORIES ...






News - USA and the World

America's Cup: Alameda makes overtures on Venue hosting for San Fran *Feature by Richard Gladwell/Sail-World.com/nz,


























2014 Pacific Cup - Scarlet Runner wins by Vanessa Yates, Hawaii








































Six Metre European Championship - No champion declared for 2014
J/Teams sail tough Chicago Mackinac Race
Anna Tunnicliffe wins first event of Reebok Cross Fit Games + Video
2014 Pacific Cup - Skill and luck required for victory
Six Metre European Championship - Action resumes on day 4
BIC Techno 293 Worlds 2014 - Day 4
PWA Fuerteventura Grand Slam on the horizon
Rolex Big Boat Series - Golden Jubilee to take place this September
DH Pacific Cup - Running with the pack + Video
Women's Match Race Golfe du Morbihan - Testing day in Vannes
Brewin Dolphin Commodores' Cup - Ireland establishes solid lead
International Moth Worlds: Outteridge charges into the lead + Video
Marina Rubicón Round Canary Islands Race - First blood to Team Brunel
ISAF Youth Match Racing Worlds - Competition heats up on day 2
Laser Radial World Championships - Competition aplenty on day 3 +Video
Extreme Sailing Series - Penultimate Act to take place in Nice
Leukemia Cup - Images by Leighton O'Connor
Maxi Yacht Rolex Cup - Meeting of the grand designs
29er North American Championship - Final series kicks off
29er World Championship 2014 set to start in Kingston, Ontario
Barcelona and Parnu chosen for 2015 ORC championship events   
2014 Race for Rady Yacht Race - Benefiting Rady Children’s hospital   
CMRC Summer Invitational Series - Doubleheader events start tomorrow   
BIC Techno 293 Worlds 2014 - Day 3   
Sailing through STEM Night at California YC   
Six Metre European Championship - High temps and little wind on day 3   
Women’s Match Race Golfe du Morbihan - Light wind opener in Vannes   
International Moth Worlds: Rashley ahead as Aussies close in   
Brewin Dolphin Commodores' Cup - Unsatisfactory conditions on day 4   
ISAF Youth Match Racing Worlds - American unbeatable on day 1   
RS Feva World Championships - All set at Yacht Club de Carnac   
ISAF Rolex World Sailor of the Year Awards - Nominations now open   
BIC Techno 293 Worlds - Steady winds on day 2 + Video   
29er North American Open Championship - Qualifying series wraps up   
Opening ceremony O'pen Bic World Cup, Travemunde Week, Germany   
Six Metre Europeans - Wind fails to make an appearance on day 2   
Edgartown Race Weekend - Let the sailing (and good times) begin   
ISAF Youth Match Racing World Championship - Action commences July 23   
International Moth Worlds - Mothballed on day 4 + Video   
Brewin Dolphin Commodores' Cup - Ireland remains out front   


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 WAS US
LocalAds   DE  ES  FR  IT