MarineBusiness-World.com
 
 
News Home Australian Cruising FishingBoating Photo Gallery Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: November 3, 2012 - Confidence falls
Collinson FX Market Commentary: November 3, 2012 - Confidence falls

'Image of the Day Napoli, 02/11/12
Audi Melges 20 Gold Cup - Napoli 2012 Audi Sailing Series Melges 20 Final Act Day 2'    Stefano Gattini/ Studio Borlenghi

Collinson FX market Commentary: November 3, 2012

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

Confidence fell on the equity markets after a slight rise in the US Employment rate and the growing uncertainty surrounding the US Presidential Elections.

Non-Farm Payrolls added 171,000 beating expectations but the greater return to the Labour force raised the Unemployment rate from 7.8% to 7.9%!

This was a reversal of last months report and was the last significant economic report before next Tuesdays Presidential Election. The tighness of the race has created uncertainty with the Bulls on the Romney horse in the Melbourne Cup day Ballot.

The week will also be dominated by Central Bank rate decisions in Australia, UK and the ECB.

The RBA may cut rates with many focused on Flemington rather than interest rates! Markets will remain nervous and the flow to the safety of the USD pushed the AUD back to 1.0335 and the KIWI to 0.8250.

Risk appetite will be determined by the election results so will effect the commodity currencies.

Image of the Day Luna Rossa AC72 First sailing day in the Hauraki Gulf, Auckland-NZ, for AC72 Luna Rossa: -  Luna Rossa / Carlo Borlenghi  

Collinson FX market Commentary: November 2, 2012

Markets rallied strongly Friday as the recovery from Hurricane Sandy powered ahead and becomes a memory for most that were not directly affected. November kicked off strongly with a rally in equities and commodities with support from stronger economic data.

The ISM Manufacturing Index rose to 51.7 reinforcing recent gains pushing the sector to support the recovery. Consumer Confidence hit 72.2 from 68.4 and a four year high signalling a turnaround with many hopes pinned on the Romney victory. The ADP Jobs reported that the Private Sector added 158,000 new jobs under their new calculation techniques.

Unfortunately the Challenger Jobs reported a rise in Job cuts expected. The rise was 41% on the previous month and 11.6% on last year. The mixed reports mean an even greater focus on Non-Farm Payrolls expected to add 125,000 jobs with Unemployment to remain just below 8.0%.

The EUR traded 1.2930 and the GBP 1.6120 with a resurgent US supporting the Dollar. Commodities traded stronger with the AUD boosted by strong data from China.

The Chinese Manufacturing PMI rose again supporting demand pushing the AUD to just under 1.0400 and the KIWI rallying up to 0.8255. Confidence is filtering through the economy with the Presidential Election next Tuesday and many seeing a growing light in the shortening tunnel. Relief may be at hand!

Kiwi and New Caledonian sailors doing practice racing. -  Brian Haybittle©   Click Here to view large photo

Collinson FX market Commentary: November 1, 2012

US Financial markets reopened for the first time since the devastation wreaked havoc upon the North East of America. Thin trading ensued with damage effecting capacity and preoccupying many.

The Chicago PMI rose to 49.9 which is an improvement but remains in contraction mode. The election campaign will resume with the final day Tuesday and it couldn't be higher stakes. The EUR rose to 1.2950 after EU unemployment number came in at 11.6% and Inflation remained flat. Chinese leading indicators moved up to 100.49 boosting demand and commodity currencies.

The AUD rallied to 1.0370 supported also by strong rises in Building Approvals and Permits. The KIWI also held around.8200 boosted by demand and a strong housing sector. Attention turns to the all-important Non-Farm Payrolls in the US Friday with some revised numbers from ADP.

Private Sector Job claims were revised lower for September and October and will be a guide to the NFP. This will be the last major scheduled economic event before America hits the Polls so it could be hardly more important!

Image of the Day Taking delivery of a new 49erFX  Mackay Boats   Click Here to view large photo

Collinson FX market Commentary: October 31, 2012

US Financial Markets were closed as 'Super Storm Sandy' devastated the North East of America.

In a region not used to storms of such magnitude, Sandy committed enormous damage which will require huge efforts and resources to remedy. Markets remain closed until tonight but expectations are not high. Mother Nature does not have a great deal of consideration, in terms of timing, reference the Presidential Election cycle although it is probably a welcome relief to Swing-State voters.

In Europe markets rose after a relatively successful Italian Bond issue and Spanish GDP Contraction in line with expectations. EU Industrial, Economic and Consumer confidence all drifted lower as to be expected with economies contracting under the austerity measures engulfing the Economic Zone.

The EUR traded 1.2950 and the GBP 1.6050 with attention focused on the US Super Storm. Commodity currencies remain attractive as an investment away from the mayhem of the US and Europe. The AUD traded up to 1.0350 after New Home Sales fell 3.7% extending a decline in the housing market. The KIWI tested 0.8200, but remains susceptible to market vulnerabilities.

The focus will be the US Presidential Elections until Melbourne Cup day when we can all take breather and watch the RBA!

Saskia Sills,RSX,GBR 956 - 2012 RS:X Youth World Windsurfing Championships  Paul Wyeth - RYA   Click Here to view large photo

Collinson FX market Commentary: October 30, 2012

Markets closed in the US as the Super-Storm Sandy makes its way up the East Coast of the US spreading mayhem.

The storm has closed financial markets and will probably remain closed until the passing allows a return to normality and a clean-up operation can begin. This has not only disrupted the financial markets but forced the culmination of the Presidential Election campaign to alter course.

In Europe markets drifted lower as authorities continue to debate the Greek bailout with Labour reforms now a question vigorously contested along with debt write-off. The overwhelming debt levels will demand debt write-off as the budget will not service the current levels. Authorities do not want to address this issue as it debunks the argument for the bailout in the first place.

The funding of Greece was portrayed as a series of loans to transition Greece to a viable functioning EU member. The EUR traded around 1.2900 and the GBP 1.6025 with members addressing the EUR$1 Trillion budget and attempting cuts of EUR$50 Billion.

It is astounding that these bureaucrats have a budget this size on top of and in addition to all member National Budgets!?!?.

Antipodean currencies dragged into the boredom with not much movement,AUD/USD 1.0300 & NZD/USD .8155.

The markets will remain static while the weather overwhelms the US with a focus on employment later in the week and the crescendo of the Presidential elections.

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=103463

7:49 AM Sat 3 Nov 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:

02 Nov 2012  Collinson FX Market Commentary: November 2, 2012 - US strong
01 Nov 2012  Collinson FX Market Commentary: November 1, 2012 - US re-opens thin
31 Oct 2012  Collinson FX Market Commentary: October 31, 2012 - US remains closed
30 Oct 2012  Collinson FX Market Commentary: October 30, 2012 - Sandy shuts US
28 Oct 2012  Collinson FX Market Commentary: October 27, 2012 - Good news in US
26 Oct 2012  Collinson FX Market Commentary: October 26, 2012 - Olympics up UK GDP
25 Oct 2012  Collinson FX Market Commentary: October 25, 2012 - Markets steady
24 Oct 2012  Collinson FX Market Commentary: October 24, 2012 - Markets dive deeper
23 Oct 2012  Collinson FX Market Commentary: October 22, 2012 - Markets take a bath
18 Oct 2012  Collinson FX Market Commentary: October 18, 2012 - Huge rebound
MORE STORIES ...




Marine Business News

The Clipper Round the World Yacht Race has once again joined forces with Harken to power the fleet for the historic tenth anniversary edition of the world famous race. ... [more]  

Multihull Solutions has announced an unprecedented deal that provides free shipping to Asia Pacific owners for orders placed on selected sail and power catamarans in February 2015. ... [more]  

The International Paralympic Committee (IPC) has announced that the Tokyo 2020 Paralympic Games will feature 22 sports, with badminton and taekwondo included for the first time but the shock news is that sailing will not be a 2020 Paralympic sport. ... [more]  

Push the Boat Out - Get involved! by Susie NationGrainger
RYA Push the Boat Out will be running over nine days, for the first time ever, giving even more people the opportunity to experience sailing and windsurfing across the UK. ... [more]  

January 29, 2015: Apple shattered records with massive jumps in sales and profits. This boosted tech equities and allowed a rebound from yesterdays losses, although energy shares weighed heavily, as Oil dropped below $45/barrel. ... [more]  

Gold Coast International Marine Expo has confirmed that more than 50 per cent of its outdoor exhibitor space from 2014 has been sold less than eight weeks since the announcement of new May event dates. ... [more]  

January 28, 2015:Durable Goods Orders contracted 3.4%, which is a trend scaring many, as a contradiction to the strong economic recovery the US has vaunted. Earnings from corporate giants Caterpillar and Microsoft floundered and stock prices tanked. ... [more]  

New Holiday Camps at Lake Macquarie with the H2O Sports Academy by H2O Sports Academy Australia, Lake Macquarie, NSW
he H2O Sports Academy Australia opened its doors to the first group of kids aged between 6 and 17 years for the first H2O Holiday Camp 12-19 January. Based within the impressive NSW Sport and Recreation Centre at Point Wolstoncroft on Lake Macquarie. ... [more]  

Antigua Sailing Week is delighted to announce Sunsail is back on board as the official bareboat charter sponsor of Antigua Sailing Week 2015. ... [more]  

GoFree – the provider of digital content and services and part of the Navico family of marine electronics brands including Lowrance, Simrad Yachting and B&G – announced today a significant upgrade to the award-winning Insight Genesis™ personal and social mapping utility. ... [more]  

January 27, 2015: The Greek election went, as polls had suggested, with a victory to the extreme left Syriza party. The major platform was anti-austerity and the Government is expected to head in to negotiations with the EC for debt forgiveness. ... [more]  

Brandspot are proud to take another big step in the launch of a new one-design class designed for match racing at any place and on any level, from the World Match Racing Tour to club sailing. Fresh from the Boatyard in Hungary, the first B38 Match will be presented for the first time at The Gothenburg Boat Show. ... [more]  

2015 Club Marine Southern 80 - This year’s Southern 80 will see new and old ski racers travel to Echuca / Moama to ‘chew the fat’ of what would have been, could have been and what should of happened, some with an element of truth and lots of it with embellishment. This is the 50th year since water ski racing started on the Murray River in Echuca / Moama and it promises to be some exciting action ... [more]  

Recreational anglers now have better access to rock fishing spots at Boggaley Creek, near Lorne, thanks to new steps that descend from the Great Ocean Road. ... [more]  

North Sails Group is pleased to announce the launch of our Chinese language website: www.cn.northsails.com. This new website is a resource for Chinese-speaking sailors and represents the first time North Sails company history, sailing products, services and technology have been described and detailed for the Chinese sailing community. ... [more]  

January 23, 2015: The AUDUSD fell to 0.8060, while the NZDUSD is testing 0.7500, on the downside. It is the lack of demand and the hit to global growth that is impacting the markets ... [more]  

The International Sailing Federation (ISAF) is pleased to announce that it has signed a Partnership Agreement with the global energy company Gazprom EP International B.V. ... [more]  

January 22, 2015: The NZD and AUD fell out of bed overnight as the realisation dawns on Central Banks there is little growth and falling inflation. The Bank of Canada surprised markets and cut interest rates citing low inflation and decimated Oil prices. ... [more]  

Vesper Marine, a leading manufacturer of innovative marine safety products, announced today it has been awarded the contract to provide Virtual Automatic Identification System (AIS) Beacons to mark seven reefs hazardous to shipping in the Bay of Plenty, as well as provide a coastal monitoring capability. ... [more]  

The RYA Powerboat Racing team are pleased to announce Peters and May, Powerboat GP and Your Print Partner Ltd as sponsors of the prestigious RYA Powerboat Racing Awards 2015. ... [more]  

The Sanctuary Cove International Boat Show has secured an exciting promotional partnership with RACQ and Auto Clubs Australia - wide, providing more than 7.8 million members with valuable online ticket options for the 2015 event. ... [more]  

January 21, 2015: European equities rallied overnight, for all the wrong reasons.Haven't we seen this movie? The US has flushed the markets with liquidity, since the GFC, giving equity markets the biggest monetary boost in history. The ECB plans to do the same and flood the markets with cheap money in an effort to stimulate. ... [more]  

The leading international boating and water sports event, Boot Düsseldorf takes place from 17th to 25th January. The first weekend 80,000 visited the boat show. ... [more]  

At the Düsseldorf Boat Show in Germany the Extreme Sailing Series™ and Series Main Partner, Land Rover, were delighted to announce Oman Sail as the winner of the 2014 Land Rover Above and Beyond award. The award was presented to the team or individual who demonstrated the finest examples of skill, sportsmanship and strength of mind at each of the Series’ Acts. ... [more]  

Bay of Islands Sailing Week - BOISW and the New Zealand Millennium Cup start Wednesday and Doyle Sails are offering an overnight service on sail repairs and a basic rigging service. Doyles have team members on several boats during the regatta, so will be ready to help you as soon as you hit the dock, should you suffer any damage during the racing. ... [more]  

At the ASMEX 2015 conference AIMEX and Superyacht Australia are excited to announce that Martin Redmayne, Chairman and Editor in Chief of The Superyacht Group will MC. ... [more]  

January 20, 2015: Markets were slow, calm and steady overnight due to MLK holidays taken by US markets. This allowed speculation on European markets about the timing and magnitude of the ECB's QE. Massive expansion of liquidity is expected, which boosted equity markets, but undermine the currency. ... [more]  

Inaugural Phuket Yacht Show postponed by Phuket Yacht Show Media, Phuket, Thailand
The organisers of the new yacht charter show for Asia have announced the postponement of the first edition, scheduled to take place 12-15 February in Phuket Yacht Haven Marina, which is under redevelopment to make it the biggest superyacht marina in Asia. ... [more]  

Images from the London Boat Show 2015 provided by onEdition. The show contained everything from the latest sailing innovations to show-stopping experiences, including the Controled Rain curtain at the entrance and a 'at sea' 4D sensory experience. ... [more]  

CWM FX London Boat Show - The founders of Beds on Board are delighted with the reception to the peer-to-peer marketplace that connects boat owners with accommodation seekers. Launched this week at the CWM FX London Boat Show, co-founder Jason Ludlow commented: ... [more]  

Brisbane to Gladstone Multihull Yacht Race organisers, The Multihull Yacht Club Queensland, is pleased to announce that APC Logistics are once again major sponsors. After last year’s successful 50th Anniversary of the MYCQ Brisbane to Gladstone race, APC Logistics have continued their support for the event. ... [more]  

Multihull Solutions has kicked off the new year with the launch of an impressive new website at www.multihullsolutions.com.au. The company, which has become the Asia Pacific’s leading multihull specialist, developed the new site as an informative resource for those looking to buy, sell or research catamarans and trimarans. ... [more]  

Oceanair, leading supplier of blinds, shades, screens, and soft furnishings in the marine market, is proud to introduce the new Solarshield – a Lloyd’s approved antiglare roller blind that has been optimised for the marine environment. The unique roller blind blocks 99% of the sun’s harmful UV rays and rejects up to 80% of the sun’s energy and is ideal for use on bridges ... [more]  

Superior SuperElite ends Townsville ramp rage
2014 warmest year since records began + Video
Collinson FX Market Commentary: Jan 17 - Swiss dish causes indigestion
New Torquay Reef a boost for local jobs and local fishing
Collinson FX Market Commentary: Jan 16 - Disarray when Swiss drop cap
Collinson FX Market Commentary: Jan 15 - World Bank drops growth guess
Neil Pryde retires as head of Pryde Group
RYA Suzuki Dinghy Show - Win a holiday to South West France
Hamilton Island Race Week 2015 - Accommodation options
SE Asia tanker hijacks rose in 2014 - IMB report reveals
Collinson FX Market Commentary: Jan 14 - Europe ignores reality
Laser Training News from Performance Sailcraft
Sunstream® introduces Swiftshield™ automatic boat cover
St. Maarten Heineken Regatta announce renewed sponsorship agreement
Haines Signature introduces carbon kevlar for 2015
RYA Powerboat Racing Awards Ceremony 2015 - Tickets now on sale
Phuket International Boat Show - Asia's leading consumer boat show
Sydney Sailboat Expo - A meeting place for Sailors
McConaghy Boats dominate 70th Sydney Hobart Yacht Race
Collinson FX Market Commentary: Jan 13 - Market jitters as oil falls
London Boat Show - The Green Blue’s digital guides launched   
Marine Rescue NSW - Funding boost for tower announced   
Phuket International Boat Show - Show of choice for new launches   
CWM FX London Boat Show – Henri Lloyd Merchandise launched   
Super Boat International announce official fuel supplier   
RYA Suzuki Dinghy Show unveils speaker line up 2015   
Southern Spars 'retro-rigged' Wild Oats takes a record 8th line win   
Phuket International Boat Show - Record numbers on opening day   
London Boat Show - Come and say hello to Ben Ainslie Racing Team   
FHS work with Hart Marine on new use for polyethylene pipe   
London Boat Show - Beds on Board launches   
Phuket International Boat Show 2015 biggest showcase yet   
Clipper Yacht Race announces official navigation software supplier   
AMM takes small plate boats upmarket into ‘Sea Class’   
BAR HQ will provide a showcase for clean energy   
Sail-World - New Media Sales opportunity   
Clipper Race announces sponsorship extensions with long-term partners   
Toronto Boat Show Ocean Sailing Forum - Learn from cruising experts   
RYA Suzuki Dinghy Show - Suzuki Marine Safety Boat competition   
AMM takes small plate boats upmarket into 'Sea Class'   


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