sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: July 2, 2012 - Markets surge on EU
Collinson FX Market Commentary: July 2, 2012 - Markets surge on EU

' Pic of the Day Porto Cervo, Audi Melges 32 European Championship 2012'    © Guido Trombetta/BPSE/Studio Borlenghi

Collinson FX market Commentary: July 2, 2012

Markets surged at the close of the week with some positive news from the EU summit. Member nations acted decisively to solve the Banking crises enveloping Spain and other EU Banks.

The decision was to use the bailout funds (EFSF and ESM) to directly fund the banks instead of filtering it through the Sovereign nation. This avoided any conditions in terms of austerity to Spain in particular. This directly contravenes all EC rules but I guess they are there to be broken. Members also decided to launch a stimulus package directly funding growth packages.

Equity markets surged across Europe and the US with the perceived solution to the crises. It seems that more debt and borrowing is the solution to the debt/deficit crises!? US markets rallied strongly with the surge of confidence despite some weak economic data.

Consumer Sentiment fell as did the Chicago PMI. Commodities took advantage of the rise in confidence and associated currencies rallied strongly.

The AUD surged to 1.0240 and the KIWI tested just under .8000. This week we will focus back on economic data with the EU Summit behind us. A particular focus will be the various employment reports out during the week in the US.

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=99205

7:13 AM Mon 2 Jul 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:

29 Jun 2012  Collinson FX Market Commentary: June 29, 2012 - A double blow
28 Jun 2012  Collinson FX Market Commentary: June 28, 2012 - Tonight's the Night
27 Jun 2012  Collinson FX Market Commentary: June 27, 2012 - EU Proposals bagged
26 Jun 2012  Collinson FX Market Commentary: June 26, 2012 - Aversion drops ANZAC
25 Jun 2012  Collinson FX Market Commentary: June 25, 2012 - The Dead Cat Bounces
22 Jun 2012  Collinson FX Market Commentary: June 22, 2012 - Train crash speeds up
21 Jun 2012  Collinson FX Market Commentary: June 21, 2012 - Operation Twist II
20 Jun 2012  Collinson FX Market Commentary: June 20, 2012 - Big 8 looms for KIWI
19 Jun 2012  Collinson FX Market Commentary: June 19, 2012 - Elections come and go
15 Jun 2012  Collinson FX Market Commentary: June 18, 2012 - AUD blows past Parity
MORE STORIES ...




News - USA and the World

America's Cup: Rod Davis - why I left Team NZ *Feature by Richard Gladwell/Sail-World.com/nz,














Maxi yacht rendezvous this September in Sardinia by International Maxi Association,




















America's Cup: Team NZ wish Davis well with new team *Feature by Richard Gladwell, Sail-world.com/nz,


Fisher's View: Sailing perfection at Hamilton Island- Day 3 by Bob Fisher, Hamilton Island, Queensland




2014 Formula Kite World Championship Day 1 by Markus Schwendtner, Istanbul
















Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature by Rob Kothe and the Sail-World team,










Opera House Cup - Images by Ingrid Abery
Teams descend upon Cowes for inaugural J/111 World Championships
Hamilton Island Race Week: Everywhere there's smiley people
IFDS World Championships - US Paralympic hopefuls ready for racing
Sopot Match Race - Poland's Tour debut deemed a triumph
Vineyard Race celebrates 80th running of the East Coast classic
Nanjing Youth Olympic Games: Young sailors begin racing on Lake Jinniu
AWT Quatro Desert Showdown - Victory for Morgan Noireaux
Sevenstar Round Britain and Ireland Race - Day 8: Test of endurance
Bart's Bash: Over 2300 entered from 588 yacht clubs - Join here
Halifax ready to welcome the world at 2014 IFDS World Championships
RC44 World Championship title to Bronenosec + Video
Audi Hamilton Island Race Week: Day 2 Images by Crosbie Lorimer
IFDS Worlds - Gary Jobson to attend opening ceremonies
Melges 32 U.S. National Championship - Dalton DeVos crowned champion
2014 Nanjing Youth Olympic Games trailer
2014 Chicago Grand Slam - Canfield wins
Round Britain and Ireland Race - Varuna takes overall lead
Audi Hamilton Island Race Week; Crosbie Lorimer Day 1 Images
Fisher's View: Hamilton Island Race Week - Day 1 - Stayin' Alive
CORK Olympic Classes Regatta 2014 - Day one   
Youth Olympics: practice over, athletes welcomed, time for YOG sailing   
Round Britain and Ireland Race - Record for Artemis-Team Endeavour   
2014 Melges 32 U.S. National Championship - Day 2   
Sevenstar Round Britain and Ireland: Artemis sets fourth course record   
2014 Chicago Grand Slam - Top seeds survive as semi-finalists   
420 and 470 Junior Europeans - Breezy day 4 in Gdynia   
RC44 World Championship - Dramatic improvement for Artemis Racing   
18' Skiff International Regatta - Action begins August 25th   
Round Britain and Ireland Race - Challenging conditions arise   
Round Britain and Ireland Race - Record-breaking monohull victory   
Round Britain and Ireland Race - Dongfeng Race Team finishes third   
RC44 Marstrand World Championship - Bronenosec the star performer   
Bahamian Olympic Sailor to carry flag in honour of Sir Durward Knowles   
Sevenstar Round Britain and Ireland Race: Records continue to tumble   
Sevenstar Round Britain and Ireland Race: Course Record for Team SCA   
Round Britain and Ireland Race - Team Alvimedica completes the race   
2014 Melges 32 U.S. National Championship - Day 1   
420 and 470 Junior European Championships - A crazy race day 3   
2014 Sevenstar Round Britain and Ireland Race: Monohull record smashed   


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