sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: 27 April - Soft US Bull Run continues
Collinson FX Market Commentary: 27 April - Soft US Bull Run continues

'Pic of the Day 470 Mens crew racing under perfect control in the big breeze at Hyeres'    © Jean-Marie Liot /DPPI/FFV

Collinson FX market Commentary: 27 April 2012

US equity markets continued the bull run following this weeks sentiment.

In Europe markets drifted lower after some weak economic data. A series of confidence reports including Business, Consumer and Industrial all declined reflecting the perception in the EU. Considering the EU Debt crises and the political instability surrounding senior members, France and Holland, they have held up well. This tinder box could be struck at any time and global markets remain extremely wary. This seems to be the major proviso with global economic recovery.

The markets turned in the US with some good news from the much maligned housing market. Pending Home Sales rose 4.1% for the best in over two years. This gave the bulls some appetite and equities soared pushing the USD lower as sentiment rose.

The EUR rose to 1.3240 and the GBP recovered to 1.6190.

Commodites also found support rallying associated currencies with the AUD approaching 1.0400 and the KIWI 0.8150.

The strong rally this week has been on low volume and authenticity may be doubtful without fundamental support.

Collinson FX market Commentary: 26 April 2012

US Federal Reserve's FOMC issued no surprises with moderate growth predictions and steady inflation. Bernanke expects employment to recover slowly and stand ready to intervene with further QE if conditions deteriorate. Inflation is not a problem with little upward pressure with anemic growth.

Real inflation in the market, nonetheless, is being acutely felt by the consumer led by Gas prices and the flow on to all consumer items affected.

Markets were unimpressed with the Fed's unchanged bias and remained positive fueled by the boisterous Apple profit numbers. Apple is now the biggest company in the world and they blew past expectations! Markets took heart but not many can even dream of their performance.

Housing remains depressed with the S&P Case Shiller falling 3.5%, New Home Sales falling 7.1% and the Home Price Index remaining flat. Mortgage Applications fell 3.8% despite the record low interest rates. The poor housing data was reinforced by dropping Durable Goods Orders falling 4.2% but economic data was overlooked with strong corporate earnings and no bad news from Europe.

The EUR held steady above 1.3200 with the GBP slipping to 1.6150 after GDP numbers confirmed they have slipped back in to a double dip recession.

Commodities and associated currencies rose slightly with higher confidence with the AUD 1.0340 and the KIWI 0.8130.

Gains this week may be short-lived with May around the corner! Sell in May...go away!

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=96552

8:07 PM Thu 26 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:

26 Apr 2012  Collinson FX Market Commentary: 26 April - US predicts moderate growth
24 Apr 2012  Collinson FX Market Commentary: 24 April - Markets unwind, Kiwi falls
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
MORE STORIES ...






News - USA and the World

Volvo Ocean Race: Blogs from the Boats - Leg 1, Day 9 plus Videos *Feature by Richard Gladwell/Sail-World.nz/com
Several of the On Board Reporters aboard, provide their unique views of Leg 1, Day 9 of the Volvo Ocean Race - in text, images and video. ... [more]  

The first eight days of the 2014-15 Volvo Ocean Race have been filled with more excitement and tighter racing than anyone could have anticipated. Up until Saturday morning, Leg One has left the fleet with few tactical options and therefore has kept everyone tightly packed as one unit of seven boats. ... [more]  

The team at The St. Maarten Heineken Regatta are very happy to announce that entries are now open for the 2015 Regatta, taking place March 5 - 8. The team hopes to see lots of return entries as well as new ones this year, all coming to celebrate the event's 35th year. In order to celebrate this milestone year, there will be some new features this coming season. ... [more]  

After three complete days at sea only three boats competing in the 2014 Rolex Middle Sea Race have passed the northwest tip of Sicily, roughly the halfway point of the race. The prevailing wind remains weak, but is expected to strengthen this afternoon coinciding with the arrival of bulk of the fleet t the Egadi Islands. ... [more]  

Last week the Volvo Ocean Race was all about VMG downwind sailing, with Dongfeng being the star performer. After DFRT took the lead, they shortly lost it again 36 hours later after hitting something in the water and losing their rudder. Two hours later they were up and running again with the spare in. Impressive stuff. ... [more]  

Rolex Middle Sea Race 2014 - Fight to the finish by Media Royal Malta Yacht Club
Igor Simicic's maxi, Esimit Europa 2 is expected to finish the Rolex Middle Sea Race in the early hours of tomorrow morning. However the 100ft carbon fibre canting keel Maxi is under serious pressure to secure their fourth Line Honours victory in the race. ... [more]  

Italy won two races (windward-leeward race (ninth race) and coastal race (11th race), Switzerland won the second race of the day (10th race) and Ireland the last one (12th race). A lot of tactics was required to make best use of the little wind. The first race (windward-leeward race, 0,8nm) started at four knots. A second start under black flag happened. ... [more]  

PredictWind have made significant improvements to the swell forecasting models and added new locations. Integrating the new 50km global wind forecast with ocean current data has created the most advanced swell modelling available online. By combining PredictWind forecast data with ocean current data, the effect of the wind on swells can be accounted for ... [more]  

The battle continues for the lead in the Volvo Ocean Race, with the front running being taken up by different competitors on a regular basis. With the first boats about to enter the Doldrums, anything can happen - with the outcome being decided by navigational skill and experience, rather than being resolved on a computer. ... [more]  

The Renaissance Re Junior Gold Cup, now in its 12th year, is known around the world as an international championship of junior champions. It runs parallel to the penultimate event on the World Match Racing Tour, the Argo Group Gold Cup. ... [more]  

Volvo Ocean Race: Fleet charges the door of the Doldrums Casino *Feature by Richard Gladwell/Sail-World.com/nz
The Volvo Ocean Race has lifted intensity again on Day 9 with the fleet spread across 100nm of ocean and charging in a line for the turning point of Fernando de Noronha, 220nm off the Brazilian coast. ... [more]  

As expected the third day of the 2014 La Torche PWA Grand Slam proved to be a quiet affair with very light winds throughout the day. After a chilly and overcast start, the sun eventually broke through to produce another beautiful afternoon in La Torche. ... [more]  

Volvo Ocean Race 2014-15. The sun’s out. It’s warm – not too hot, but warm enough for just a tee shirt. Ian Walker is stood at the helm of his Emirati boat, generous Atlantic trade winds whistling past his ears. 'We’re going straight through,' he claims, confidently. 'What Doldrums? - they’re going to say. Azzam isn’t even going to slow down.' ... [more]  

At 1700 CET in the Rolex Middle Sea Race, 113 yachts had rounded Stromboli, the active volcano that marks the most northerly point of the course. Race leader on the water, Esimit Europa 2, was less than 20 miles from Favignana and preparing to turn south with 289 miles to go and is expected to finish the race in the early hours of Wednesday 22 October, which would be well outside the course record ... [more]  

It is with great pleasure that the Star Sailors League announces that two more top Brazilian sailors will be joining the fleet of 20 super-champions taking part in the Star Sailors League Finals 2014 being held for the second consecutive year at Nassau Yacht Club in the Bahamas between December 1st and 7th. ... [more]  

Volvo Ocean Race 2014-15, Day Nine onboard Team Alvimedica. It’s hard to explain the complexity of the weather in this part of the world. No computer model or forecaster can accurately predict the winds because the air here is dry and warm, 23c now, and the typical barometric pressure gradients that generate them become very weak. ... [more]  

Volvo Ocean Race 2014-15, Day Nine onboard Team SCA. We’re a boat on a mission: catch the fleet. And they’re getting closer by the mile. The first time I sailed past Cape Verde islands was in 2010 when I was helping deliver a catamaran from Gibraltar to Antigua, W.I. ... [more]  

Thailand bids for 2016 IODA ‘Optimist’ World Championships by Jordan Rumsby, Royal Varuna Yacht Club
Pattaya's Royal Varuna Yacht Club has submitted a bid to host the 2016 International Optimist Dinghy Association World Championships, offering the world's most talented junior sailing teams a chance to experience the steady wind, sunshine, smiles, great food, and family-friendly attractions of Thailand's top dinghy sailing destination ... [more]  

Photographer Ellen Hoke was on the water at the Farr 40 Worlds sailed from the St Francis Yacht Club, San Francisco, and provided this second gallery of images from the Final Day - Day 4 Prizegiving ... [more]  

Bill Green - builder and sailor passes on by Malcolm McKeag, Scuttlebutt Europe, Lymington, England:
Bill Green, San Francisco-born sailor, Navy jet jockey (not a lot of people know that); US Coastguard; shrimp-boat hand (not a lot of people know that either); One Ton Cup winner and most latterly proprietor of Green Marine slipped quietly away from this life ... [more]  

Tom Burton (AUS) retained World #1 in the Laser after a tremendous fight back at ISAF Sailing World Cup Qingdao where he picked up bronze. The Australia had a tough opening day, finishing down the pack in both races but as the week progressed he worked his way up and sealed bronze on the final day to keep hold of World #1. ... [more]  

Photographer Ellen Hoke was on the water at the Farr 40 Worlds sailed from the St Francis Yacht Club, San Francisco, and provided this gallery of images from the Final Day - Day 4 ... [more]  

Photographer Ellen Hoke was on the water at the Farr 40 Worlds sailed from the St Francis Yacht Club, San Francisco, and provided this gallery of images from Day 2 ... [more]  

Rolex Middle Sea Race 2014 - A hard day's night by Media Royal Malta Yacht Club
Rolex Middle Sea Race - As high pressure moved in from the north, the area around Stromboli had virtually no gradient wind and for those yachts yet to reach Stromboli, a south flowing current has slowed proceedings even further. For the competitive offshore yacht racer, performing well in light wind is more difficult than blasting through a storm at top speed. ... [more]  

34th Student Yachting World Cup - France knew today its best day since the beginning of the competition. They spent the two races at the very first positions, even rivaling with the ultra-dominant English team. They showed today an astounding panache, and can now hope to improve their ranking before the end of the SYWoC. ... [more]  

The Chinese entry Donfeng Race Team, has lost her lead on Day 9 of the Volvo Ocean Race, with boats on the east and western side of the course threatening. Two hours before the most recent sked at 0640hrs UTC, Dongfeng was still being listed by Volvo Ocean Race as the leader. But Team Brunel is now listed as the leader, but on a time taken projection basis, Team Brunel is fifth. ... [more]  

Flying Dreams is a movie directed by the talented Elsa Blayau is an ode to ocean, water sports and femininity. Based on an original idea from Alex Udin, Elsa Blayau transformed the project to a complete story and brought it to reality with this realization. ... [more]  

The 70th running of the Cruising Yacht Club of Australia’s annual Rolex Sydney Hobart Yacht Race is living up to expectation with 98 high-calibre entries received so far, from Sean Langman’s 1932 built Maluka of Kermandie, the oldest and smallest boat at nine metres, to the super maxis. The most talked about boat though, is the Verdier Yacht Design and Vplp 100 footer, Comanche. ... [more]  

Volvo Ocean Race: Blogs from the Boats - Leg 1, Day 8 plus Videos *Feature by Richard Gladwell/Sail-World.nz/com
Several of the On Board Reporters aboard, provide their unique views of Leg 1, Day 8 of the Volvo Ocean Race - in text, images and video. Catch a birthday at sea on board Team Brunel, and unravel the fishing net with Team SCA Hear and see how the crews coped with the front that came through in the nigh ... [more]  

Shala Youngerman and her team from Southwestern Yacht Club won the 23rd annual Linda Elias Memorial Women’s One-Design Challenge Sunday in this two-day fleet race regatta organized and sponsored by the Long Beach/Los Angeles Women’s Sailing Association and hosted by Long Beach Yacht Club. ... [more]  

After three days of racing in the Valparaíso bay, the Santander team was crowned champion of the Off Valparaíso Race, first stage of the Soto 40 South American Tour that was held in the Yacht Club de Chile with the participation of eight boats. ... [more]  

Day two of the La Torche PWA Grand Slam saw the glorious golden sunshine continue together with the waves, but unfortunately the wind remained absent again. To keep the crowds entertained Jules Denel (JP / NeilPryde) and birthday boy - Antoine Martin (JP / NeilPryde) - attempted a bit of wave tow-in with varying degrees of success, as Antoine Albeau (RRD / NeilPryde) took control of the jet ski. ... [more]  

Volvo Ocean Race: Dongfeng consolidates lead on Day 8 *Feature by Richard Gladwell, Sail-World.com/nz
After cutting between the Cape Verde islands, separating from the rest of the Volvo Ocean Race fleet, Chinese entry, Dongfeng gained an initial significant lead, which they are in the process of consolidating. One routing option for the then race leader Abu Dhabi Ocean Racing, gave the team the option of cutting inside the island group, they are close to the optimum course for Fernando off Brazil ... [more]  

RS:X Youth World Championships - All set for Clearwater action
Rolex Middle Sea Race 2014 - Slow road north
Volvo Ocean Race 2014-15 – Dongfeng Race Team - A risky call
Rolex Middle Sea Race 2014 - Escaping the shroud of Mount Etna
Farr 40 Worlds: Day 4 Image and Video gallery *Feature
Australian 18 Footers League’s Major A. Frizelle Trophy
Volvo Ocean Race 2014-15 - Leader gambles on Island windshadow
2014 Sailing World Cup Qingdao - Final day video highlights
2014 Rolex Farr 40 World Championship - Plenty of time
Coast Guard rescues two near Wachapreague
2014 Off Valparaíso Race - Day 2
La Torche PWA Grand Slam - Massive swell on day 1
Volvo Ocean Race: Welcome to Al's Ocean Cafe
Argo Group Gold Cup survives Hurricane Gonzalo
Volvo Ocean Race: Dongfeng regains lead after incident packed Day 7 *Feature
Volvo Ocean Race: Dramatic video of Dongfeng rudder replacement
Volvo Ocean Race - Team Alvimedica bounces back
Volvo Ocean Race - Team SCA expecting the expected + Video
Rolex Middle Sea Race - New record for Mediterranean classic
ISAF Sailing World Cup Qingdao - Medallists decided across six fleets
Volvo Ocean Race - Impressive turnaround for Dongfeng Race Team +Video   
Volvo Ocean Race: Race closer than leaderboard suggests - Leg 1, Day 6   
Volvo Ocean Race: Dongfeng Race Team break rudder after collision   
2014 Rolex Farr 40 World Championship - Famous breeze frustrates   
2014 Off Valparaíso Race - Day 1   
Sunfish World Championship - Victory for Argentina's Francisco Renna   
Volvo Ocean Race - Feeling the pressure six days in   
Volvo Ocean Race - Alvimedica cautiously cruising down coast of Africa   
Volvo Ocean Race - Team Brunel still within striking distance   
Volvo Ocean Race - Testing times for Team SCA + Video   
Beijing 2008 Olympic legacy lives on in Qingdao + Video   
La Torche PWA Grand Slam - A return nearly 20 years in the making   
ISAF Sailing World Cup Qingdao - Game on for remaining fleets   
Farr 40 Worlds: Day 2 Image and Video gallery *Feature   
Day 5 of the Chris Benz Lüderitz Speed Challenge: 4 more records!   
Volvo Ocean Race: Coastal racing at its best - Leg 1, Day 5   
Chris Poole new number one Open Match Racer in U.S.   
Rolex Farr 40 World Champs - Plenty leads as Struntje Light impresses   
2014 Soto 40 South American Tour - Back in action   
Volvo Ocean Race - Mail arrival brings excitement for Team SCA + Video   


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