sail-world.com -- Collinson FX Market Commentary: April 23, 2013 - Bulls try hard

Collinson FX Market Commentary: April 23, 2013 - Bulls try hard    

'Farr 1020 - 2013 Auckland Cup, Day 3'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: April 23, 2013

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

Equity markets were flat again to open the new week with the bulls attempting to get the car back on the road. Liquidity still flows thick and fast from the Fed, BoJ and ECB fueling the bubble in equities, although signs of the commodity bubble deflation is upon us and is sending nervous jitters through equities investors.

The endless cash printed by Central Banks has funded a massive move to equities and made the Investor class rich. Main Street has not had the spare cash to invest as living costs have been spiraling despite the lack of ‘measured inflation’. The EU has been imposing austerity as the single currency prevents market mechanisms righting the ship but this has been largely unsuccessful as growth has contracted and debt has continued to overwhelm many. Debt/GDP has now climbed to 90.6% from 87.3% for the whole Eurozone.

This should strike a warning bell if not flat out panic. The Central Bank corruption of currencies has funded the debt binge and now they cannot return to real interest rates as the service of debt would be impossible! In the US, the Chicago Fed National Activity Index contracted further than expected and Existing Home Sales fell 0.6%, reaffirming the weakness in economic data. The fear will spread as May approaches and reality hits home.

Commodity currencies continue to soften with the AUD 1.0265 and the KIWI 0.8400 as risk appetite continues to decline. It would pay to be very vigilant and square to short over the next week or so.

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
- 10:53 PM Mon 22 Apr 2013 GMT



Click here for printer friendly version
Click here to send us feedback or comments about this story.
If you want to send this story to a friend, please use link below
http://www.sail-world.com/indexs.cfm?nid=108709

Based on your current download speed Sail-World has delivered large images (660 pixels long side.)  If you would like to see only small images (300 pixels long side) click here .  For medium sized images (500 pixels long side) click here .  If you would prefer to see text only (without pictures) click here

Click for further information on
2011 Collinson & Co

Related News Stories:
08 May 2012  Collinson FX Market Commentary: 8 May 2012 - Europe elections dominate

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 AUS
LocalAds   DE  ES  FR  IT