sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: 14 May 2012 - JP Morgan loss reeks
Collinson FX Market Commentary: 14 May 2012 - JP Morgan loss reeks

'Pic of the Day Luna Rossa finds her way home - Arzanà Trophy City of Venice 2012, America’s Cup World Series'    Luna Rossa/Carlo Borlenghi

Collinson FX market Commentary: 14 May 2012

Markets steadied to close the week despite some disturbing new from JP Morgan.

The big news that shook markets was for once not the political upheaval gripping Europe. JPMorgan announced a huge loss attributed to some French trader working out of the City of London. This loss was described as a hedging bet gone wrong but to lose over US$2 Billion in under six weeks, it reeks of derivative trades. The loss was substantial but the implications were far more far-reaching. The systemic losses that lead to the GFC had been realized apparently. This was not to happen again so who has their pants down? Further revelations this week will answer more questions.

Meanwhile Europe continued to wobble with the Greek impasse continuing and no end in sight.

The EUR dropped to test 1.2900 and the GBP has also fallen to 1.6070.

The crises engulfing Europe has killed risk appetite and demand pushing the AUD back to parity and the KIWI to around 0.7800.

This week holds plenty of economic indicators but markets will be concentrating on political developments in 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=97166

8:51 PM Sun 13 May 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:

11 May 2012  Collinson FX Market Commentary: 11 May 2012 - Greece bailed out
10 May 2012  Collinson FX Market Commentary: 10 May 2012 - KIWI drops further
09 May 2012  Collinson FX Market Commentary: 9 May 2012 - Euro politics crystallise
08 May 2012  Collinson FX Market Commentary: 8 May 2012 - Europe elections dominate
07 May 2012  Collinson FX Market Commentary: 7 May 2012 - KIWI drops below 80c
04 May 2012  Collinson FX Market Commentary: 4 May 2012 - KIWI plunges, AUD soft
03 May 2012  Collinson FX Market Commentary: 3 May - KIWI may drop lower today
02 May 2012  Collinson FX Market Commentary: 2 May - Australian RBA acts decisively
01 May 2012  Collinson FX Market Commentary: 1 May - Spain into double recession
30 Apr 2012  Collinson FX Market Commentary: 30 April - A week of rallies
MORE STORIES ...




News - USA and the World



























Starboard Hatteras Wave Jam day 5 by American Windsurfing Tour,


















470 Men and Women Worlds - Champions decided in Santander by International 470 Class Association,






















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
ISAF Sailing World Championships Santander - Double French RS:X gold
ISAF Sailing Worlds, Santander - Day 8 images by Sailing Energy
ISAF Sailing Worlds - Finn leaders emerge from shifty Santander breeze
ISAF Sailing Worlds, Santander - RS:X winner images by Barbara Sanchez
ISAF Sailing Worlds, Santander - Rio 2016 470 spots awarded
52 Super Series 2015 - Outlook looks hot for the 52 Super Series
Starboard Hatteras Wave Jam - Another early start on day 4   
ISAF Sailing World - First entry leaves sailor's reputation in tatters   
2014 Chicago Match Cup - Four go through to quarter finals   
470 Men and Women Worlds - Champs take over leaderboard   
ISAF Sailing World Champ - Buckingham finishes with career-best result   
America's Cup: Oracle's Larry Ellison to step down as CEO   
Classic Yacht Regatta - Sonny takes top classic prize   
ISAF Sailing Worlds, Santander - Buckingham finishes with career best   
ISAF Sailing Worlds, Santander - Rio 2016 RS:X spots claimed   
ISAF Sailing Worlds - Leaderboards shaping up in Santander + Video   
ISAF Sailing Worlds, Santander - Giles Scott continues to extend lead   
ISAF Sailing Worlds, Santander - Day 7 images by Sailing Energy   
ISAF Sailing Worlds - Laser and Radial winner images by Jesus Renedo   
ISAF Sailing Worlds, Santander - Medal Race images by Sail-World.com   
ISAF Sailing Worlds - Dutch dominate Laser and Radial in Santander   
Royal Cup Marina Ibiza - Quantum Racing more than doubles overall lead   
J/24 World Championship - Excitement builds for Newport racing   
Volvo Ocean Race - Seb Marsset joins Team Alvimedica   
Fall Seamanship training opportunities at New York Yacht Club   
Rolex Big Boat Series: More images from San Francisco - Final Day   


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