MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Collinson FX Market Commentary: November 7, 2012 - Equities rally
Collinson FX Market Commentary: November 7, 2012 - Equities rally

' Image of the day Photo of breaching whale on sailing boat two years ago was captured by photographer'    .

Collinson FX market Commentary: November 7, 2012

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

Equity markets rallied on US Presidential Election day with the result of a very close election coming in after markets close. A rally in equities is expected with a Romney victory which is not possible according to the mainstream media.

Media sources outside of the US tend to follow the mainstream US media which are notoriously lefty so do not be surprised with a strong showing from the Conservatives! The EUR fell to 1.2815 and the GBP 1.5985 with more trouble emanating from Greece and a possible exit from the single currency. The wave of positive sentiment sweeping markets from a Republican win will extend to the USD as Romney has sworn to sack Bernanke and with it his QE projects that has destroyed the Dollar flooding markets with liquidity.

The RBA left rates unchanged, surprising many pundits, undercover of the 'Great Race'. The Melbourne Cup has truly become international with the who's who of European stayers dominating, resulting in a big win for the Irish. The prospect of winning becomes harder for the locals with the Ozzies concentrating more on sprints and the Europeans revelling in stayers.

The RBA decided global economic conditions had improved enough to support demand and thus relieve the pressure on a rate cut with an eye on growing inflationary pressures. The AUD rallied strongly back to 1.0420 and the KIWI 0.8250.

Image of the Day Matchracing in Noumea -  Brian Haybittle   Click Here to view large photo

Collinson FX market Commentary: November 6, 2012
Markets remained quiet in the lead up to the all important US Presidential Elections which will begin to unfold tonight.

The race looks too close to call with a quantum change expected if the Conservatives can get up. The market looks more immediately at the pending 'Fiscal Cliff' which will be resolved by either President but with what combination of Tax rises and cuts (and to what?)! The path of the last four years would not auger well for markets although equities have traveled well being fueled by record monetary expansion by the Central Banks globally.

Romney would at least attempt to address the deficit and commit to fiscal rectitude. Europe has assumed the background but signals of further problems with Greek austerity compliance and continued Bailout remain. The first Tuesday of November is famous also in Australia and not only for the RBA interest rate decision!

The Melbourne Cup will overshadow Political and Financial events for one day which may allow Governor Stevens to slip under the radar.

A rate cut was a virtual certainty until the burgeoning recent inflation data revealed the seeds of growth. This data would have cast a cautionary tone to the RBA and may allow inaction to err on the side of caution. Stevens has moved on every Melbourne Cup occasion and pundits expect him to cut so beware any aversion as this would impact the currency to the upside!

Recent Australian trade data has confirmed a slowdown with a fall in global demand and the impact of the strong AUD so this may tip Stevens uncertainty to act!

External influences on Markets may be reflected in the Cup result with a powerful International challenge lead by the French but we love the Irish so Go Galileo's Choice!

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=103591

11:33 AM Wed 7 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:

06 Nov 2012  Collinson FX Market Commentary: November 6, 2012 - Markets go quiet
03 Nov 2012  Collinson FX Market Commentary: November 3, 2012 - Confidence falls
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
MORE STORIES ...




Marine Business News

‘We don’t expect children to ride adult bikes when they can’t touch the ground, so why do we expect them to sail adult boats when they can’t control as they should. We didn’t want this for our children so set about trying to develop a boat that addresses this problem. ... [more]  

The hidden fruit was found when Ministry of Primary Industry staff and a special sniffer dog named Snoop checked boats heading to Opua and Whangarei. Biosecurity checks have been ramped up following the discovery of two Queensland fruit flies in Whangarei earlier this year. The finds sparked major detection and containment exercises costing more than $2 million. ... [more]  

The Sydney Trailer Boat Show will again run at Sydney Showground at Sydney Olympic Park, one of Australia’s leading and best known exhibition grounds. Having moved to this location from Rosehill in 2014, the venue has proved popular with the boating industry, and has laid the foundation for a long and beneficial future at the new site. ... [more]  

2015 Three Peaks Race has been cancelled by Terry Travers, Tasmania
In a dismal day for adventure style racing The Australian Three Peaks Race committee of the Mersey Yacht Club inc. announced that the 2015 Three Peaks Race has been cancelled and the organisation will go into recess. ... [more]  

December 20, 2014: The week dominated by the Fed closed strongly with equities surging towards record highs and wiping out previous losses. Christmas is upon us so expectations for any sea-change will be reduced. A good look at GDP growth in Europe and the US should confirm a fairly ordinary 2014, this week, while confidence may be reflected in the consumer with cheaper energy. ... [more]  

Boats.com, the global online resource for boating enthusiasts to explore, discover and research, is delighted to announce an exciting three-year sponsorship deal with the Yachting Journalists’ Association (YJA) for its prestigious Yachtsman of the Year awards. ... [more]  

Organisers of the Phuket International Boat Show (PIMEX), held eighth to 11th January 2015 at Royal Phuket Marina, confirm a strategic partnership with Thailand Elite, the world’s first country membership programme, to showcase Phuket and Thailand's yachting lifestyle to Thailand Elite members and provide a marketing ... [more]  

Phuket International Boat Show 2015 preview by Pimex: Phuket International Marine Exhibition
Next big Phuket Event will be the 12th Phuket International Boat Show presented by Thailand Elite coming up in the New Year. With the show only a month away we are entering the home strait with very few spaces left in water and in the hall for exhibitor booking. ... [more]  

The Decision of the Court for Arbitration of Sport over the suspension of Dutch sailor Dirk de Ridder has been circulated. The report, which was earlier reported in summary form as to the decision, confirms a 18month suspension on de Ridder, one of the Netherlands' top sailors ... [more]  

Just like every year, the traditional boat show in Düsseldorf with 1650 exhibitors will be the highlight of the worldwide boat show season. More than 250,000 private and trade visitors are expected from over 60 countries – this makes the 'boot' the undisputed number one among water sports shows. HanseYachts AG from Greifswald is also on hand with a huge range of models and is premiering not one ... [more]  

Transport for NSW Maritime Management Centre today announced a community education program this summer to promote safe and responsible use of personal watercraft (PWC). ... [more]  

The US Sailing Team Sperry Top-Sider today announced a major partnership with Sunbrella® fabrics, the leading producer of performance and marine canvas around the globe. Effective immediately, Sunbrella will be named as a Gold-level sponsor of the US Sailing Team Sperry Top-Sider, the nation's Olympic and Paralympic sailing team, and also as the presenting sponsor of ISAF Sailing World Cup Miami ... [more]  

December 19, 2014: Oil prices resumed downward momentum, testing new lows, pushing energy costs lower. NZ GDP numbers met expectations with the last quarter rising 1% to 3.2% annually. Modifications to the methodology of growth calculation cast a shadow over the numbers but the economy looks healthy compared to most. ... [more]  

The 2014 Ocean Marina Pattaya Boat Show, held 27th to 30th November at South East Asia's largest marina, Ocean Marina, came to a close having set a series of new records. The largest exhibitor display (12,000 sqm) and the most exhibitors (104) ever, as well as the best quality line-up of boats in-the-water and 5,820 visitors to the Show made it the largest visitor turnout yet. ... [more]  

December 18, 2014: Oil(Brent) rebounded to $63 overnight pushing energy stocks higher and boosting equity markets. The NZD Currently trades 0.6207 and 0.4925 against the EUR and GBP, down slightly on yesterdays levels. The NZDAUD has been trading in a wide volatile range in the last 24 hours sitting 0.9440 this morning, down from a high of 0.9490. ... [more]  

Organizers of the St. Thomas International Regatta are proud to announce that Cruzan Rum and Presidente beer, distributed by Glazer’s Premier Distributors, LLC, will provide major sponsorship in support for the 2015 regatta. ... [more]  

The founder of a powerboat racing business is looking to use the cloud to track the company boat's performance during offshore races and keep fans and racing officials updated with animated race visualizations. ... [more]  

From 1 December 2014, Yachting Developments has relocated to a new, larger yard site, conveniently positioned next door to its former Hobsonville facility. With teams across all disciplines, including new build, refit and restoration, engineering, design and upholstery, the new site offers increased space with a large office space to complement the modern 50m building shed. ... [more]  

December 17, 2014: The AUDUSD held 0.8200 but is under extreme internal and external pressures. The KIWI booked gains and look set to test 0.7800 looking more attractive to investors than it's Trans-Tasman cousin. The NZD currently trades 0.6218 and 0.4922 against the EUR and GBP. ... [more]  

The Lakefest Aquatic Week on beautiful Lake Macquarie – just south of Newcastle – is set to become a reality with a number of events confirmed to occur during the February 20-27 week long celebration. ... [more]  

In 2013, over 955,000 boats changed hands on the pre-owned boat market. That meant for a nearly a million boat buyers, hiring an accredited marine surveyor to inspect their potential dreamboat was often the first step after finding it. ... [more]  

Marine Auctions is proud to announce that they will be pioneering their 2015 auctions with live internet online bidding from around the world. This is a huge step for Marine Auctions who have cemented themselves at the forefront within the industry. ... [more]  

The defaulting entrepreneur has left a huge hole in the finances of the Yachting Journalists’s Association, organisers of the awards, and the annual lunch at Trinity House, where the winners are traditionally announced, may have to be cancelled this January unless a new sponsor can be found. ... [more]  

Organisers of the Gosford to Lord Howe Island Yacht Race Gosford Sailing Club, after a comprehensive review, has regrettably announced that it will not be the organiser of a Gosford to Lord Howe Island Yacht Race in future. This brings to a close the forty year history of the only annual Category One ocean race in Australia besides the Sydney to Hobart Race. ... [more]  

Owners of larger twin-engine powered vessels are taking advantage of reliability and quality with Hyundai SeasAll’s common rail turbo diesel engines in their search for considerably improved economy and excellent performance. ... [more]  

December 13, 2014: The collapse in Oil prices acts a massive global stimulus for consumer and producers. The impact will be huge on the consumer and retail sales, sparking demand, flowing through to producers. Commodities have been slaughtered and the associated currencies reflect this. The AUD is under extreme pressure, with terms of trade dictating weaker economic conditions, pushing the AUD to ... [more]  

Lots of interesting vessels have been floated on and off DYT Yacht Transport’s semi-submersible ships, but none have been so intriguing as the 126-foot research vessel M/V Ocearch, which is currently making its way from Port Everglades, Florida to Brisbane, Australia onboard DYT’s 686’ flagship Yacht Express. ... [more]  

Clipper Ventures Plc and its Global Medical Emergency Support Partner, PRAXES Medical Group, are launching a new joint venture which arose from their partnership in the last edition of the Clipper Race. ... [more]  

The St. Maarten Heineken Regatta Sponsor party, held on Monday December 8, 2014, turned out to be a successful and enjoyable event. Over 20 sponsors received acknowledgement and praise for playing a very important role in the successful continuation of the St. Maarten Heineken Regatta this year and coming year. ... [more]  

December 12, 2014: The NZ economic recovery allowed delusional pronouncements of 'problem solved'. Acting on rate rises, oblivious to all our trading partners, has raised input costs to the whole economy and made the currency far too attractive. ... [more]  

Phuket International Boat Show organisers, held 8th to 11th January 2015 at Royal Phuket Marina, confirm a strategic partnership with Thailand Elite, the world’s first country membership programme, to showcase Phuket and Thailand's yachting lifestyle to Thailand Elite members and provide a marketing and networking platform showcasing Thailand Elite ... [more]  

Fountaine Pajot continues its dominance of the world’s cruising catamaran market with the announcement of a new Flagship model, the Ipanema 58. ... [more]  

Watson’s Marine Centre in conjunction with Yamaha Motor Australia is proud to pioneer the way to safer boating by custom-building the first vessel to the latest National commercial safety regulations, set out by the Australian Marine Safety Authority (AMSA). ... [more]  

boatTENT launches a cockpit hood cover without metallic parts
Gold Coast International Marine Expo gives back to charities
Rolex Sydney Hobart Yacht - Aurora delivers Supermaxi set to debut
Collinson FX Market Commentary: Dec 10 - Bombs and Politics
Clipper Race CEO recognised as Great Britain ‘Ambassador’
Day 5 of the PSA 12 Days of Christmas - Sail offer + Video
Guy Harvey designed Outback Bowl T-Shirt to help Oyster Restoration
Sun shines on Asia Superyacht Rendezvous
Sail-World new format - Important first visit changes needed
Brunswick Corporation names Schwabero to board of directors
Four new 'Fish Friendly Marina' accreditations announced
Royal Melbourne Yacht Squadron signs new club sponsor
Larry Leonard Joins Ullman Sails
Help save a child's life - Become a Life Jacket Loaner Site
New, upgraded Viper 640 Class website launched
SBI announces GEICO as Presenting Sponsor of 2015 Race Series
Collinson FX Market Commentary: Dec 9 - Oil price tanks
Another successful auction year comes to a close at Runaway Bay Marina
Marine Auctions is proud to announce the return of Bill Fankhauser
Yachting Australia announces Governance Reforms
Collinson FX Market Commentary: Dec 6 - AUD implosion continues   
Many new features at Grand Pavois 2015 show!   
Laser Training at H20 Sports Academy Australia   
Collinson FX Market Commentary: Dec 5 - Slow finish to week   
Statement from Sanctuary Cove International Boat Show   
Go on an underwater adventure this summer at the museum   
GC Marine Expo-Industry Leaders unite for a bright future   
Collinson FX Market Commentary: Dec 4 - KIWI suffering its own crises   
Official charity partner for Extreme Sailing Series announced   
True Heading announces contract with Lockheed Martin   
Collinson FX Market Commentary: Dec 3 - KIWI back a 'big figure'   
London Boat Show - What’s in store from the RYA?   
Sydney Rigging Specialists – You can’t push a rope! *Feature   
Sailing Software Alliance holds first Club Workshop   
Sydney Hobart - In memory of Gary Ticehurst   
Australian cruiser manufacturer Maritimo finishes 2014 on a high note   
Club Marine's all-new TeleClaims and Online Claims   
Superyacht Queensland to be managed by Superyacht Australia   
Collinson FX Market Commentary: Dec 2 - Unpromising start to week   
Centurion Boats announce financing program for Australian dealers   


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 WAS MBW
LocalAds   DE  ES  FR  IT