sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Collinson FX Market Commentary: April 5, 2013 - KIWI holds ground
Collinson FX Market Commentary: April 5, 2013 - KIWI holds ground


'Fifties cross - 2013 Auckland Cup, Day 3'    Richard Gladwell ©    Click Here to view large photo

Collinson FX market Commentary: April 5, 2013

Click here to find out how to get CollinsonFX's free iPhone app

Equities were shaken Friday after Non-Farm Payrolls crashed, disappointing many and reaffirming the weak economic recovery the US is enjoying. The new European Socialist experiment, engulfing the US, is failing and this is reflected in the Jobs numbers. The addition of 88,000 jobs is a sad understatement of the real employment situation which continues to deteriorate.

The reality is 500,000 people stopped looking for jobs and the workforce is at the lowest levels since 1979! The nefarious situation is confirmed by insipid statistics which do not correctly affirm the dire state of the US economy. The employment number is confirmation of this when it is measured at 7.6%, hardly an endorcement of the reality of the situation.

This will mean extended QE, which tempered the sell-off in equities boosting Bernanke's bubble! This supported the EUR which approached 1.3000 and the GBP which hit 1.5350. Surprisingly the addition of further liquidity hit the big Dollar but did nothing for the Aussie which dipped below 1.0400.

The KIWI held its ground and traded 0.8430. Economic reports will dictate market moves in the coming week but Political developments in Korea and Europe have the opportunity to hit risk markets!

Young 88s in lee of Browns Island 2013 Auckland Cup, Day 3 -  Richard Gladwell_©   Click Here to view large photo


Collinson FX market Commentary: April 4, 2013

US equities retreated overnight, giving up the previous days gains on some weaker than expected economic data. The ADP Jobs report signaled an increase of 158,000 private sector jobs were created last month, below expectations. This is a pre-cursor to Friday's all-important Non-Farm Payrolls expected to show an increase around 200,000!

The Institute for Supply Management also drifted lower to 54.4 from 56 reflecting weaker economic conditions in the Non-Manufacturing sector. This came on the back of growing Eco-Political pressures in Europe and Asia. European markets remain under the spotlight with fallout from Cyprus still to be measured and continued political instability in Italy.

The EUR trades 1.2840 and the GBP 1.5150 with many nervous investors. Growing Political instability in Asian is also impacting markets with North Korea beating the drums of war but is it 'crying wolf?' The AUD was steady after some solid Trade Data reflecting improving conditions, with the currency holding around 1.0450.

New Home Sales fell 5.3% and Political Instability has become the norm holding back any concerted recovery.

The KIWI continues to trade above the 0.8400 level and will reflect risk events offshore.

Wired (Bakewell-White 52) - 2013 Auckland Cup, Day 3  Richard Gladwell_©   Click Here to view large photo

Collinson FX market Commentary: April 3, 2013

The Bernanke Equity bubble continued to grow as equities reached further virgin territory. The sheer volume of liquidity being pumped through QE has overwhelmed markets looking for a positive return forcing them into equity markets.

The latest rally was sparked by a rise in Factory Orders (3%) although New York's ISM fell from 58.8 to 51.2. The string of improving economic data in the US is being tempered by contradictory evidence but the Bulls are taking the positives. Fed member, Lockhart, has hinted at reduction in QE as economic conditions improve this year but April is normally a very positive one for equities.

Be prepared for a substantial correction in May as technicals and fundamentals collide. European triggers will remain as conditions remain volatile. EU Unemployment rose to a new record of 12% and PMI all held record low levels. The EUR was weak trading 1.2820 and the GBP 1.5115. The RBA held interest rates at 3%, keeping the powder dry, with commodity prices contracting giving little impetus to the currency.

The AUD held 1.0450 and the KIWI moved to 0.8400 with an improving mix of local commodity prices. Markets will continue in this fashion, save any eco-political surprises from Europe or a dramatic reversal in major economic fundamentals.

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=108200

7:47 AM Sun 7 Apr 2013GMT


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:

04 Apr 2013  Collinson FX Market Commentary: April 4, 2013 - The KIWI above 84c
03 Apr 2013  Collinson FX Market Commentary: April 3, 2013 - Equities' virgin land
30 Mar 2013  Collinson FX Market Commentary: March 30, 2013 - Almost calm in Cyprus
28 Mar 2013  Collinson FX Market Commentary: March 28, 2013 - Bank run in Cyprus?
27 Mar 2013  Collinson FX Market Commentary: March 27, 2013 - Confidence returns
26 Mar 2013  Collinson FX Market Commentary: March 26, 2013 - AUD and Kiwi survive
23 Mar 2013  Collinson FX Market Commentary: March 23, 2013 - Cyprus Solution?
22 Mar 2013  Collinson FX Market Commentary: March 22, 2013 - KIWI data all good
21 Mar 2013  Collinson FX Market Commentary: March 21, 2013 - KIWI trade data due
20 Mar 2013  Collinson FX Market Commentary: March 20, 2013 - Cypriots panic
MORE STORIES ...




News - USA and the World

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






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


















America's Cup: Team NZ wish Davis well with new team 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
























Opera House Cup - Images by Ingrid Abery by Ingrid Abery/Sail-World.com,


Teams descend upon Cowes for inaugural J/111 World Championships by Stuart Johnstone, Cowes, Isle of Wight, England










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   
2014 Chicago Grand Slam - Top seeds take the early lead   
Frostad proud to have seven Volvo Ocean Race boats with seven sponsors *Feature   
RC44 World Championship - Bronenosec Sailing Team on form   
Round Britain and Ireland Race - Dongfeng defends third position   
Volvo Ocean Race: Team Vestas Wind emerges into the sunlight   
Volvo Ocean Race: Round Britain on board Team SCA with the   


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