sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: 22 May 2012 - Markets rebound
Collinson FX Market Commentary: 22 May 2012 - Markets rebound

'Pic of the Day Adriana De Moura from Real Housewives of Miami, about to board her ride on Camper for the PORTMIAMI In-Port Race, during the Volvo Ocean Race 2011-12.'    Ian Roman/Volvo Ocean Race©    Click Here to view large photo

Collinson FX market Commentary: 22 May 2012
Markets rebounded overnight as last weeks losses sparked bargain hunters to return. The G8 summit closed with little achievements and a new platitude.

Growth is the word now catering to the new political mantra from newly elected French President. The aspirational notion of 'growth' is what all countries desire. It is a conceptual economic desire all countries have such as profitability, balanced budgets, surplus, low inflation etc. The only problem is how to achieve these growth targets.

The French idea seems to be to invest through borrowing. A new plan is afoot to raise debt through EU backed bonds. A new socialist concept of spreading the risk and responsibility for borrowings. Socialized debt across EU members would be repugnant to Germany who would assume many of EU debts on behalf of the Citizenry.

The Chinese Premier backed calls for growth with inflationary pressures subsiding and everything to gain from economic stabilisation of its markets.

This boosted commodity currencies with the KIWI stabilising at 0.7620 and the AUD moving to 0.9870. The EUR remains weak trading 1.2770 with Greece extremely vulnerable.

G8 members advocated support for Greece to remain in the Eurozone but the Bank runs in Greece and Spain threaten the Banking sector and the EU. The dyke is springing leaks and Politicians have limited fingers. Keep watching the train crash!


Collinson FX market Commentary: 21 May 2012

Equity Markets were preoccupied with the unprecedented float of Facebook which was impeded by technical errors on the Nasdaq which may be a sign of foreboding!?

Equity markets were finally awakened to the omnipresent nightmare that Europe has become. Moody's downgraded 16 Spanish Banks which attacks the EU Banking system and the very heart of the EU.

Attention now turns to the G8 meeting this weekend at Camp David and any solutions they may provide. These International meetings offer little in historical terms but provide fantastic photo shoots on the world stage. Great for the political egos!

The EUR continues to melt, trading at 1.2770 and the GBP down to 1.5810.

In the US, markets were totally preoccupied with the new IPO and with little economic data to drive markets, they were engulfed with the negativity spreading from Europe.

Commodity based currencies continued to collapse with the KIWI falling out of bed. The NZD dropped to 0.7550 and the AUD looking to test 0.9800.

Next week will look at economic data and in particular housing in the US but they will be overwhelmed by events unfolding in the European train crash!

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=97519

7:18 PM Mon 21 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:

18 May 2012  Collinson FX Market Commentary: 18 May 2012 - Greek Bank run feared
17 May 2012  Collinson FX Market Commentary: 17 May 2012 - Greek negotiations stop
16 May 2012  Collinson FX Market Commentary: 16 May 2012 - KIWI testing .7700
15 May 2012  Collinson FX Market Commentary: 15 May 2012 - Greece set to exit EURO
14 May 2012  Collinson FX Market Commentary: 14 May 2012 - JP Morgan loss reeks
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
MORE STORIES ...




News - USA and the World















Volvo Ocean Race: Team Vestas Wind gears up in Alicante by Richard Gladwell/Sail-World.com/nz,


























Soling North American Championship concludes on Lake Erie by Canadian International Soling Association,


























ISAF Sailing Worlds - Four champions crowned as racing wraps up
ISAF Sailing Worlds, Santander - USA finishes Top-10 in 4 classes
Outteridge and Jensen – What doesn’t kill you makes you stronger
ISAF Sailing Worlds, Santander - Giles Scott wins Gold
Santander Worlds - 49ers Burling and Tuke clear ahead
ISAF Sailing Worlds – Live broadcast - Medal races
Starboard Hatteras Wave Jam day 5
WMRT Chicago Match Cup 2014 – GAC Pindar through to the semi-finals
Bart’s Bash 2014 at Royal Hong Kong Yacht Club in Victoria Harbour
Bart's Bash: First event in at Wakatere in New Zealand
ISAF Sailing Worlds Santander 2014 - AUS Laser and 470 Medals + video
2014 Patriot Regatta - U.S. Coast Guard team wins
2014 ISAF Sailing World Championships - Santander - Day 9 highlights
2014 Etchells North American Championship – Day 2
Chicago Match Cup - Top four tour teams tackle tomorrow in semi-finals
470 Men and Women Worlds - Champions decided in Santander
ISAF Sailing Worlds, Santander: 49er and Nacra 17 world titles claimed
ISAF Sailing Worlds - Caleb Paine through to Finn medal race + video
ISAF Worlds - 49er, 49erFX, Finn and Nacra 17 Rio 2016 spots taken
ISAF Sailing Worlds - 470 Women's medal race images by Thom Touw
ISAF Sailing Worlds, Santander: Scott all set to lift Finn world title   
ISAF Sailing Worlds - 470 Men's medal race images by Thom Touw   
ISAF Sailing Worlds, Santander - Aussies and Austrians claim 470 gold   
ISAF Sailing Worlds, Santander: 470 awards images by Sail-World.com   
ISAF Sailing Worlds, Santander - 470 medal race images by Jesus Renedo   
Annapolis-to-Newport Race - 'What to Expect' Seminar to take place   
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   


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