MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: December 12, 2013 - An excuse gone
Collinson FX Market Commentary: December 12, 2013 - An excuse gone


'ISAF Sailing World Cup, Melbourne Day 6 Thomas Saunders (NZL) (Laser)- Silver medalist'    © Richard Gladwell    Click Here to view large photo

Collinson FX market Commentary: December 12, 2013

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

Congress negotiated an agreement on the Federal Budget removing another excuse from the Federal Reserve to remove monetary stimulus.

The major reason for running money printing presses white hot was to stimulate an economy that was flat and risks were given as Employment, Growth and Fiscal upheaval. The Fiscal obstacle looks to have been removed with Republicans seeming to have learnt their lesson. Agree to the excessive deficits and debt or suffer the political consequences! The other pre-requisites appear to have been fulfilled with unemployment continuing to fall (now down to 7%) and GDP growth apparently above 3%! This means the Fed is running out of legitimate excuses to continue to expand the Balance sheet through QE Infinity.

Equity markets acted accordingly and slumped with the Dollar staging a revival. The EUR dropped below 1.3800 and the GBP fell to 1.6380. Risk curencies felt the effect more dramatically, with the AUD dropping back to 0.9050, after GM announced closure of the major domestic car producer, Holden. The KIWI also dropped back to 0.8230 with the RBNZ rate decision and associated commentary possibly offering up some compromise on recent restrictions!?

Legitimacy is at stake with the Federal Reserve and excuses have run out. There is a school of thought that believes the endless supply of money to pay for ever expanding Government is the final solution.....surely not!?

ISAF Sailing World Cup, Melbourne Day 3 - 49er (NZL) -  © Richard Gladwell   Click Here to view large photo

Collinson FX market Commentary: December 11, 2013

Equity markets drifted lower, as consideration was given to an improving economy, forcing the Fed to curb monetary stimulus. Budget talks draw to a climax, culminating in a deal by the 13th of December, giving some fiscal stability to markets and removing yet another excuse from the Fed.

The likelihood of tapering improved, but markets are sceptical, as the Dollar continued to flounder. The EUR rose to 1.3770 and the GBP to 1.6440, after a reduction in the UK trade deficit and steady Industrial and Manufacturing production.

Chinese Industrial production continued to impress, holding 10%, and Retail Sales rose 13.7%. This boosted demand for commodities and thus the associated currencies. The AUD rose to 0.9150 and the KIWI just under 0.8300.

The pressure exerted upon the risk currencies of late has come from the Central Banks but support remains, with the only threat, 'Tapering'!

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.marinebusiness-world.com/index.cfm?nid=117558

11:13 PM Wed 11 Dec 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:

13 Dec 2013  Collinson FX Market Commentary: December 13, 2013 - NZ jawboning works
11 Dec 2013  Collinson FX Market Commentary: December 11, 2013 - Tapering times
28 Nov 2013  Collinson FX Market Commentary: November 28, 2013 - Thanksgiving slows
27 Nov 2013  Collinson FX Market Commentary: November 26, 2013 - Equities climbing
24 Nov 2013  Collinson FX Market Commentary: November 23, 2013 - Equities rise more
22 Nov 2013  Collinson FX Market Commentary: November 21, 2013 - Eurozone in denial
21 Nov 2013  Collinson FX Market Commentary: November 20, 2013 - More record highs
20 Nov 2013  Collinson FX Market Commentary: November 19, 2013 - Dow sets new high
17 Nov 2013  Collinson FX Market Commentary: November 16, 2013 - ANZAC gains
15 Nov 2013  Collinson FX Market Commentary: November 15, 2013 - USD under assault
MORE STORIES ...




Marine Business News

September 30, 2014: After starting down on the previous week the NZD took another turn for the worse yesterday. The release of the RBNZ FX transaction figures for August showed the bank had sold NZ$521m in August. This is the largest single month sell off of the NZD since 2007. ... [more]  

A shipyard designated for reconstruction of historic ships in Saint Petersburg is located in Lakhta on the territory of Saint Petersburg Yacht Club in 'Hercules' marina. The first large-scale project, replica of the 54-gun ship of the line 'Poltava' has been under construction since last year. ... [more]  

Minister for Natural Resources, Lands and Water, Kevin Humphries and Minister for Roads and Freight Duncan Gay have announced the successful tender for the dredging of Swansea Channel has been awarded to Neumann Dredging Pty Ltd. ... [more]  

Have trailer, will travel *Feature by Jeni Bone
All Marine Spares were out in force at last weekend’s Upper Hawkesbury Power Boat Club Spectacular, which drew local and interstate participants and enthusiastic crowds numbering in the several thousand. ... [more]  

September 27, 2014: Commodity currencies continued to remain under extreme pressure, after the mayhem of the previous day, with threatened Central Bank intervention. The KIWI closed the week a shadow of its former self, trading 0.7850, while the AUD fared marginally better on 0.8760. ... [more]  

Pantaenius, the world’s leading specialist yacht insurance company, has been at the forefront of yacht insurance for more than 40 years, earning a reputation for transparency and commitment to customer service that provides round-the-clock international support and reliable, speedy claims settlement. ... [more]  

Auckland On The Water Boat Show: Images from the final day by Richard Gladwell, Sail-World.com/nz
The Auckland International Boat Show concluded today having enjoyed four days of moderately acceptable weather. Attendance figures have not yet been announced however they are expected to be close to or exceed last year's Show. ... [more]  

World-wide the development of marine wind farms will grow. Britain's RYA is taking a proactive stance that can serve as an example for other yachting bodies. If wind farms could be an issue in your waters, its important to follow just what is happening in GBR. Speaking today Stuart Carruthers, RYA Cruising Manager said 'The RYA will now be responding to those of the Panel’s questions that have bee ... [more]  

A new provisional World Record was set on the Viaduct Harbour today with 52 paddlers covering the 100 metre course on the Lancer SUP. There were no incidents in the attempt - which sets a new mark category in the Guinness World Records. ... [more]  

September 26, 2014: Markets tumbled overnight, hit hard by Central Bank activity and Geo-Politics, boosting the safety value of the Dollar. The NZD crashed after threats of intervention by RBNZ Governor Wheeler. He jawboned the currency lower commenting the currency was 'unjustifiable and unsustainable'. He cited recent falls in commodity prices had not been reflected in the KIWI and thus he would ... [more]  

An impressive speakers’ list is developing for the marine15 International Conference and Trade Exhibition 3rd- 5th May 2015 to be held on the Gold Coast. 55 keynote and conference stream sessions are being finalised for the event. ... [more]  

An attempt will be made on Saturday afternoon set set a new Guinness World Record mark for the most people on a Stand Up Paddleboard (SUP) The SUP used for the record attempt will be supplied by leading New Zealand inflatable manufacturer, Lancer Industries, and the SUP uses Lancer's AirDock technology.. ... [more]  

September 25, 2014: Stocks rebounded after a three day run of negatives. It must be remembered that all the bad news is still counterbalanced by Central bank extra mural activity. It was this realization and some good news on the housing front that spurred equities to reverse recent losses. New Home Sales surged 18%! ... [more]  

A 70-foot ocean racing yacht which circumnavigated the globe in the latest edition of the famous Clipper Round the World Yacht Race, representing Scottish Whisky brand Old Pulteney, will be centre stage in front of thousands of visitors at the Scotland Boat Show, 10-12 October, being staged on the Clyde, near Glasgow. ... [more]  

A win for sharks by Nathaniel Pelle
Earlier this year, thousands of Australians, including you, united to stop this brutal and unnecessary practice. I’ve never seen anything quite like it - protesters gathered on beaches from Manly to Margaret River and flooded Environment Minister Greg Hunt’s inbox with nearly a quarter of a million emails calling on him to stop the cull. ... [more]  

Mobilarm has integrated its latest emergency electronic MOB Beacon, the sMRT V100 Locator Beacon, with the inflatable SOS Dan Buoy marker. It is being introduced at the Monaco Yacht Show, the world’s largest mega---yacht show this week. ... [more]  

Sail-World did a quick tour of the on the water exhibits at the Auckland On The Water Boat Show. Her's a quick selection of some of the almost 200 boats on the water in the Viaduct Harbour. ... [more]  

The Auckland On The Water Boat Show opened this morning in brilliant Spring sunshine. Based on the Viaduct Harbour, Auckland, there are nearly 200 exhibiting companies and over 200 boats are at the event which runs through to Sunday September 28. ... [more]  

B&G, world leader in the design and manufacture of marine electronics and instruments for sailing, announced today the V90, a powerful and versatile new black box VHF marine radio. Packed with innovative communication features, the V90 offers sailors unparalleled performance with a feature set that includes an Automatic Identification System (AIS) receiver and more ... [more]  

September 24, 2014: The AUD and NZD all hitting new lows. The AUD slumped to 0.8840 while the Kiwi stumbled to a low of 0.8050 before rebounding a little. The KIWI will come under further scrutiny with today's trade numbers and Fonterra’s annual report. ... [more]  

Bias Boating ceases trading by Boating Industry Association
PPB Advisory has advised they were appointed joint and several Receivers and Managers of Bias Boating on the first of September. It has been confirmed on the 19th of September 2014 that Bias Boating has ceased trading and 14 stores across NSW, QLD, NT and WA are now closed. ... [more]  

Discover Boating Week 2014 by Boating Industry Association
This week will allow us as an industry, to further connect with consumers and demonstrate the benefits of the recreational boating lifestyle. Furthermore, this week will give your business the opportunity to show consumers your products and services, and connect with them within a promotional calendar. ... [more]  

Iridium have recently released the Iridium GO!, their latest product in the satellite communication market. It’s portable, battery powered, and creates a WiFi hotspot. www.predictwind.com!PredictWind!new have partnered with Iridium to put together a package catering specifically to the marine market. ... [more]  

The flagship of Riviera’s award-winning Sport Yacht collection is supremely comfortable with innovative alfresco lifestyle concepts, ultramodern marine technology and palatial appointments – a high-performance yacht akin to a floating six-star resort. ... [more]  

Growing affection for high-end luxury power boats boasting a noble and nostalgic design has inspired the new 54 Daybridge from award-winning boat-builder Belize Motoryachts. ... [more]  

These are some life’s great pleasures and ones you really do want to share. After all, if something has been finely crafted, it’s almost one’s duty to indulge others in the pleasures you’re partaking. Now ever since Aranui's significant keel was first laid down, this 40 footer has been a talking point and it was not long before Corsair Boats were on to building another Bass Straight Motor Yacht ... [more]  

Bristling with innovation, technology and time-honoured craftsmanship, Riviera’s new 515 SUV and 50 Enclosed Flybridge will make their West Australian premieres at the 2014 Mandurah Boat Show from October 10 to 12. ... [more]  

The 2014 Grand Pavois attracted 93,000 visitors (Ed: as compared to 92,000 in 2013) thanks to the number of new launches on show (Ed: more than 90 new boats on display, out of the 650 there), the number of highlights which were featured, and by its general mood. ... [more]  

The Canberra Yacht Club is looking for a Dinghy Sailing Instructor/Coach in its very busy Sailing School. The CYC Sailing School is the fourth largest centre in Australia training over 1,000 kids and adults from Opti learn to sail to HP coaching. ... [more]  

South Australian marinas and yacht clubs are planning a full day of predominantly free on-water and land based events on Sunday 12th October for people to experience the boating lifestyle first-hand and learn how easy it is to get involved. ... [more]  

ForwardScan allows sailors to avoid potentially dangerous areas and sail with confidence in unfamiliar waters. With an effective range of eight times the actual water’s depth, real time updates and a built-in configurable shallow depth alarm, B&G ForwardScan integrates seamlessly with other collision avoiding technologies, such as Broadband Radar; ensuring sailors avoid costly navigation mistakes. ... [more]  

Making its debut at the Gold Coast International Marine Expo, the BRIG Navigator 700 is 7-metres of versatility and durability, with room for 11 people in comfort – 12 in the twin engine version. ... [more]  

Queensland (QLD) marinas are being held back from making a much more significant contribution to the State economy according to Colin Bransgrove, Executive Officer of the Marina Industries Association (MIA). 'While QLD marinas have been optimistic about revenue growth the reality is they have not been investing in their businesses'. ... [more]  

Collinson FX Market Commentary: September 23, 2014 - Euphoric offset
Bright future for Port Phillip snapper stocks
Spring time auction a success for Marine Auctions
Marine Auctions gets on the social media boat
Marine15: Submit your 'Best Profit Idea' and win! *Feature
Iconic dealership celebrates 50 years *Feature
Portsmouth-based barge operator breaches maritime legislation
Superior secures the ISO tick
Skudo reveals surface protection products for the Marine Industry
First step taken in trout investigation – Goulburn River, Kevington
Lancer returns to Auckland Boat Show with new RIB Pricing
Collinson FX Market Commentary: September 20, 2014 - ANZAC drops
Genoa International Boat Show 2014 responding to a changing market
Kiwi boats helping Aussie kids learn to sail
Brunswick Corporation returns to Marine and Fitness core
Collinson FX Market Commentary: September 19, 2014 - KIWI election
Superior secures the ISO tick
New Zealand boating industry showing strong growth
Collinson FX Market Commentary: September 18, 2014 - KIWI on Notice
RYA’s first ever Digital Day a great success
Gold Coast International Marine Expo - Stenlake back to defend title   
Monaco Yacht Show - Australia tops marine industry brands showcasing   
St. Maarten Heineken Regatta attends the HISWA te Water show   
Collinson FX Market Commentary: September 17, 2014 - All rise!   
Volvo Ocean Race: Win a stopover trip by designing an ECsix T-Shirt   
New Zealand premiere for Riviera’s exciting new SUV collection   
New brokers on board with Boat Equity   
New Zealand's largest on water boat show kicks off next Thursday   
Auckland On Water Boat Show - Family summer fun starts next Thursday   
Ocean Marina Pattaya Boat Show drives marine tourism in Pattaya   
CKIPM Marine Group reveals agreement with Korean Government   
Ben Ainslie Racing partners with Yamaha Motor in the UK   
Collinson FX Market Commentary: September 16, 2014 - UKP gets Jimmied   
Where the audience is matters a lot for advertisers   
Auckland Water Boatshow: Practice session for Guinness World Record   
Brisbane to host new boat show at Manly on Moreton Bay *Feature   
Impressive line-up for Marina Investment Seminar   
Penske Automotive to expand presence in Australia   
Great Barrier Reef plan released for comment   
Superior prepares for Monaco Yacht Show debut *Feature   


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
  





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 MBW
LocalAds   DE  ES  FR  IT