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Contrary currencies in gold market
2008-06-07 03:42:00 The domestic and global gold markets have showed contrary currencies. While the global gold price declines thanks to some positive information on US economy reported by Federal Reserve Department (FED), that of Viet Nam is in the upward trend. On the Saigon gold trading floor, the gold price on June 4 closed at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Gold, Greenbacks, And Government Intervention
2008-05-16 06:06:00 I remember reading a rather significant article by MarketWatch?s Peter Brimelow last fall. As someone who follows precious metals religiously, I had already been aware of the claims made by groups such as the Gold Anti-Trust Action Committee, or GATA, that the price of gold is being manipulated. However, on October 18, 2007, ...
By: Boom2Bust.com
Warren Buffett on Currencies
2008-05-09 07:11:00 Warren Buffett said that the Canadian dollar is likely to outperfom the U.S. dollar in coming years. He himself had bought a couple of billion dollars worth of Canadian currency some time ago. However, he regreted that he didn’t buy more and kept them longer. He also continues to hold the Brazilian real. It appears the ...
Understanding foreign currencies trading and dual currency deposit
2008-05-06 08:24:00 Currency markets have weak correlations to stock and bond markets, hence their growing popularity among retail investors as a way to diversify portfolios. However, forex trading, like other forms of investment, involves a substantial risk of loss. There are two ways to get returns from using your Singapore dollars to buy other currencies. 1) First, you make money if the other currency appreciates at a faster pace than the Singdollar. 2) Alternatively, You can also invest in ‘high-yield’ currencies in countries that offer relatively high interest rates on deposits. Currently, these include Australia and New Zealand. You can buy foreign currency deposits at any local or foreign bank. Currency-linked structured products are another possibility. Eg. Dual Currency Deposits. With these, you bet that a currency will either rise above or stay at the pre-set price, or strike price, at a specific point in time. If correct, you will get your principal back and earn a pre-set rate...
Forex News - How The Worlds News Effects Currencies
2008-05-04 11:10:00 Either you are simply starting in Forex or have a expertise in it, but it’s very important you stay on top with all the Forex news happening in the industry. Staying intact with what happens around the world within your industry can be really addictive at times. Moreover with a globalized world it seems that something happens somewhere every moment of the time. Financial News Here we are listing some of latest news that has happened in and around the forex industry and will impact your business as well in some ways. Remember that Foreign exchange currencies are always paired so you will need to receive relevant news about the comparison of two different currencies or commodities. Some examples of relevant news that would have an impact on various currencies around the globe would be; -A recent story reported that retail traders had just tipped to a net short positioning on the same day that the British pound gained a 200 point plus rally. -Forex traders watch the U.S. housin...
By: Paid Posting
Is it time to buy into foreign currencies? - Singapore
2008-05-04 01:37:00 Is it time to buy into foreign currencies? - Singapore Trading money for money has always been a way to make a quick, er, buck. But with the Singdollar strengthening, Michelle Tay examines if the time is right to speculate on money.  Commercial banks do it, central banks do it, multinational corporations and even governments do it. Foreign exchange (forex) trading, of course. The forex market gauges the strengths and weaknesses of countries’ economies, making it well-suited for retail investors. With only a dozen major currency pairs to study, anyone who follows the news can start trading based on familiar statistics like interest rates and employment data. Average daily trade in the global forex and related markets is estimated at more than US$3 trillion (S$4.1 trillion). Currency markets have weak correlations to stock and bond markets, hence their growing popularity among retail investors as a way to diversify portfolios. However, forex trading, like other forms of inve...
Inflation hits new highs in Asia, currencies rise
2008-04-23 13:22:00 By Koh Gui Qing SINGAPORE, April 23 (Reuters) - Inflation hit a 26-year peak in Singapore and a 13-month high in Malaysia as governments across Asia grapple with the problem of containing surging... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Inflation starts to hold Asian currencies hostage
2008-04-16 04:10:00 As policymakers globally grapple with soaring food prices, Asia seems to have an added problem on its hands, that of rising inflation threatening its policy credibility, its asset markets and its currencies. Economists say Asia's inflation monster has become so large that it is worrying foreign and domestic investors... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Trading Currencies for Dummies: The Pros and Cons of Forex
2008-04-07 19:00:00 Currency trading is the business of buying and selling of currencies from different countries. You may think that this kind of trading is very complex and have so many things involved. But, you have to understand the fact that currency trading is a very simple trading system that everyone can do. Firstly, you have to understand ...
State Bank meets foreign currencies demands
2008-04-02 17:02:00 On the last day of last week, the State Bank of Viet Nam sold nearly US $100 million to meet demands to buy foreign currencies from commercial banks, according to a representative from the SBV?s Foreign Currency Management Department. The move aimed to help stabilise the foreign exchange rates due to the increasing... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Next Stop, Depression?
2008-04-02 00:32:00 Back on March 29, ABC News? David R. Francis talked about the economic forecast of Robert Parks, a finance professor at Pace University and former chief economist at three Wall Street firms. So, what?s so special about Parks that ABC News would be covering him? According to Francis, Parks is predicting that there ...
By: Boom2Bust.com
Currencies – mobile currency converter with real time exchange rates
2008-03-28 12:52:00 Symbian Guru released the new software Currencies – mobile currencies converter with real time exchange rates from the Central Bank and your own currencies rates set manually.Currencies gets real time exchange rates from European Central Bank directly to your mobile. You only have to activate the GPRS connection.There are two types of currencies: the predefined list of most used world currencies
The Failing Fed
2008-03-21 21:55:00 Following through on a recommendation yesterday, I read the post ?5 Reasons Why the Federal Reserve is a Failure!? from Bankaholic.com. It?s a great piece (especially the part about the Fed awarding gold stars to those deserving detentions), and I think you?ll enjoy reading it over the Easter weekend. Having obtained permission to ...
By: Boom2Bust.com
Charting A U.S. Financial Crisis
2008-03-18 13:59:00 I came across some excellent Wall Street Journal charts this morning which show how the present financial crisis in the United States came to be. Like that old saying goes, ?A picture is worth a thousand words.? Sources: WSJ Market Data Group, Federal Reserve, Dealogic, Equifax, Moody?s Economy.com, National Association of Realtors, St. Louis Federal Reserve, ...
By: Boom2Bust.com
Paulson, Bernanke: Coin-Operated Boys?
2008-03-18 05:46:00 This morning, Bloomberg interviewed commodities investor Jim Rogers from Singapore (Bloomberg video link here). The chairman of Rogers Holdings spoke with Bloomberg?s Rishaad Salamat over the telephone about the U.S. Federal Reserve?s actions to calm financial markets, JPMorgan Chase?s buyout of Bear Stearns for $240 million, and his investment strategy. While I talked ...
By: Boom2Bust.com
New $5 Bill Comes Out Today
2008-03-13 14:41:00 Today, a new $5 bill goes into circulation. The re-designed note still retains the portrait of Abraham Lincoln, the 16th U.S. President, on the front and the Lincoln Memorial on the back. As I write this, the Federal Reserve is shipping the bills to banks, which will then send them on to ...
By: Boom2Bust.com
The Return Of Dr. Doom
2008-03-11 02:49:00 In last Thursday?s post I talked about a Bloomberg interview with Marc Faber, managing director of Marc Faber Ltd. and publisher of the Gloom, Boom & Doom Report. ?Dr. Doom,? as the press likes to call him, had some dire warnings for the Bloomberg TV audience on the U.S. economy. On Friday, MarketWatch ...
By: Boom2Bust.com
Recession? Send In The Fashion Police
2008-02-28 18:39:00 Hell must have frozen over. Who would have ever thought that fashionistas would be discussing such ?mundane? topics as the U.S. economy and recessions— unless, that is, they were involved in the business side of things? Yet, I?ve started to detect some of this chatter in world of fashion. Of course, just ...
By: Boom2Bust.com
A "yen" for currencies
2008-02-28 07:00:00 "The yen stands to benefit from the problems popping up across the global economy," says Jack Crooks (ccount/click.php?id=1782) in his Currency Shares Japanese Yen Trust (quote.htm?sym=fxy) (ASE: FXY (quote.htm?sym=fxy))."While some currencies -- such as the euro, the pound, and the Australian dollar – have become priced for perfection, the yen hasn't been so fortunate. Now that economic trouble is brewing, some of the attractive currencies could quickly lose their appeal. And that excess could flow right to the Japanese yen."The yen-carry trade was the big story in the currency market before the credit crisis took over. Investors were comfortable borrowing their weight in Japanese yen at super low rates, so they could invest it elsewhere -- particularly in high-yielding currencies -- and win big earning the spread. "But the credit crisis heightened the level of risk. The yen-carry trade, a notoriously low-risk bet, was mostly wiped off the table when volatility rose and u...
CAPITAL BLU TO SET THE RECORD STRAIGHT ON FOREX CURRENCIES TRADING - JAMAIC
2008-02-25 14:02:00 Capital Blu to set a jot down true upon FOREX currencies tradingJamaica Observer, Jamaica -Feb twenty-two, 2008I have listened around Kingston which most people have been pulling their supports from most of a FOREX trading outfits. Now which kind of thing will harm a association. . .. More: one after another here
Economists defend permitting share purchases in foreign currencies
2008-02-25 11:25:00 Economists are urging the Government to approve the State Securities Commission?s (SSC) suggestion on allowing foreign strategic investors to make payment for shares in foreign currencies. Le Minh Nga, Finance Director of Gia Quyen Securities Company: It is necessary to amend legal documents to pave the way for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
SSC considers allowing foreign currencies in domestic transactions
2008-02-22 11:05:00 The State Securities Commission (SSC) has suggested allowing foreign investors involved in IPOs to pay for shares in foreign currencies, which they think will help stimulate the stock market. The solution was suggested after the SSC learnt that foreign investors are finding it difficult to convert their dollars into... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
VAFI proposes allowing stock market trades in hard currencies
2008-02-20 06:33:00 During the past time, foreign investors' share purchase trading with a high value of at least US$50 million faced difficulties in exchanging US dollar into the dong, even they had to manage to arrange the capital in dong first and then promoted the share purchase. If the daily trade value of foreign investors reaches... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Competing Currencies, by US Rep. Ron Paul
2008-02-13 07:00:00 I rise to speak on the concept of competing currencies. Currency, or money, is what allows civilization to flourish. In the absence of money, barter is the name of the game; if the farmer needs shoes, he must trade his eggs and milk to the cobbler and hope that the cobbler needs eggs and milk. Money makes the transaction process far easier. Rather than having to search for someone with reciprocal wants, the farmer can exchange his milk and eggs for an agreed-upon medium of exchange with which he can then purchase shoes. This medium of exchange should satisfy certain properties: it should be durable, that is to say, it does not wear out easily; it should be portable, that is, easily carried; it should be divisible into units usable for every-day transactions; it should be recognizable and uniform, so that one unit of money has the same properties as every other unit; it should be scarce, in the economic sense, so that the extant supply does not satisfy the wants of everyone dem...
Major Currencies Interest Rate as of 11 February 2008
2008-02-12 12:15:00 Following the latest EUR and GBP interest rate released on 7th Feb 2008. Interest rate for Sterling Pound was cut from 5.50% to 5.25% after caving in to the rumors of an imminent economical recession. On the other hand, as expected, European Central Bank holds its interest rate steady at 4% for the eight consecutive months. A day before, the Australian dollar interest rate was raised from 6.75% to 7.00%, an 11 year high. The Reserve Bank of Australia said that the tighter monetary policy was needed against escalating inflation. After this latest round of interest rate adjustment, the interest rate of major currencies is as follows: Japanese Yen (JPY) - 0.50%Swiss Franc (CHF) - 2.75%US Dollar (USD) - 3.00%Euro Dollar (EUR) - 4.00%Canadian Dollar (CAD) - 4.00%Sterling Pound (GBP) - 5.25%Australian Dollar (AUD) – 7.00%New Zealand Dollar (NZD) - 8.25%
The Dollar: No Longer The Universal Tourist Currency?
2008-02-11 05:00:00 Last week I heard that some stores in New York City were starting to accept payment in euros, and in some cases, the British pound. While some news outlets insinuated this was yet more proof of the dollar?s decline, I saw it more as a ploy by the stores to draw foreign shoppers by ...
By: Boom2Bust.com
Betting The Farm On A Farm
2008-02-08 16:45:00 Even though I live in the concrete jungle, I?ve heard that farmland prices have been doing phenomenal. On Monday, Lynn Hicks and Jerry Perkins of USA Today wrote that even though U.S. home prices continue to slide, the value of farmland is setting records. They noted: Demand for grain for food, fuel and export, ...
By: Boom2Bust.com
Backsliding Currencies and Gold
2008-02-04 20:12:00 I’m not being a shill for gold. Trade gold, dollars, any future you like, but this is data worth having and acting upon: http://www.financialsense.com/f-su/editorials/willie/2008/0131.-html Most people who evaluate the plight of the Persian Gulf nations think in isolated terms on price inflation, property speculation, local economic effect, and the like. They tend not to take the argument ...
French finance ministry says G7 to discuss currencies
2008-02-04 16:13:00 PARIS (Thomson Financial) - Group of Seven finance ministers and central bank governors will discuss recent foreign exchange rate movements, and particularly the strength of the euro, at their meeting in Tokyo on Saturday, a senior French Finance Ministry official said. Finance Ministry official Christophe Lecourtier told journalists there will be "an interesting round of contributions on exchange rates, which will be of particular interest concerning the euro". The G7 will focus on the impact of the credit market crisis on the world economy and policy responses that have been made in response to slowing growth, particularly the US Federal Reserve's interest rate cuts and the Bush administration's fiscal stimulus package, he said. It also will consider possible responses to the financial markets crisis, with the four European G7 members looking for financial institutions to increase transparency on their exposure to structured financial products and to improve liquidity risk ma...
By: Free forex
Latest News in Stock Market Currencies - Jan 28, 2008
2008-01-28 15:47:00 Dollar Falls Against Euro on Raised Bets on Half-Point Fed Cut Bloomberg - The dollar has dropped against 13 of the other major currencies since the Fed made an emergency cut in borrowing costs by three-quarters of a percentage point on Jan. 22 to prevent credit market losses from causing a recession. `Too Early … U.S. stock ...
Words from the wise for the week that was (Jan 21 - Jan 27)
2008-01-27 10:54:00 The past week witnessed an extraordinary set of events on the financial front, a rogue trader creating havoc at Société Générale, and wild swings on global stock markets as mounting concerns about a recessionary US economy and the implications for global growth continued to weigh on investor sentiment. This regular weekly article highlights some thought-provoking news items and quotes from market commentators during the past week, and briefly reviews the week?s market action on the basis of economic statistics and a performance chart.
Grantham: ?Most Important U.S. Financial Crisis Since World War Two?
2008-01-25 20:23:00 Jeremy Grantham, chairman of global investment management firm Grantham, Mayo, Van Otterloo & Co. and overseer of $157 billion, had a stark warning for Bloomberg readers Wednesday (much obliged, Financial Armageddon). He warned, ?This is the most important U.S. financial crisis since World War II.? The crisis stems from a global credit crunch brought on ...
By: Boom2Bust.com
Banks May Write Down Additional $300 Billion
2008-01-25 18:27:00 Yesterday, global strategy consulting firm Oliver Wyman said in a new study that an additional $300 billion in write-downs related to the U.S. subprime mortgage meltdown may be announced by banks before the crisis is over. Back on January 18 I noted that write-downs had already surpassed $100 billion. In a press release picked up ...
By: Boom2Bust.com
Major currencies continue to mirror global market sentiment
2008-01-25 07:46:00 On Wednesday, the single currency again traded as a kind of carry trade currency, at least in relation to the dollar and the yen. The poor performance of stock markets during the morning session in Europe and the losses at the open in the US made EUR/USD to give back half of Tuesday gains and pair reached an intraday low in the 1.4510-area. The gradual improvement of US stocks later in the session helped the pair to return above the 1.46 mark and the pair still trades in that area this morning. The European eco data (PMI, slightly better than expected) and the speech of Mr. Trichet had no lasting impact on trading. Today, the IFO business confidence will be on to the agenda. In the recent past, the IFO had no material impact on the currency market, but in the current juncture it deserves some more attention as it could impact the market expectations on the ECB interest rate path going forward. In the US, the claims and the existing home sales are on the agenda, but those series are...
By: Free forex
Currencies Continue to React to Fed's Emergency Rate Cut
2008-01-25 04:54:00 The USD continued to take a hit as the unexpected rate cut by the Fed led to a big gain for commodity currencies, and rallied speculation that the depreciating currency will continue to fall for the sixth consecutive year. Most of the major currency counterparts gained in today's trading session as the Euro hit $1.47, and the Sterling climbing to $1.97. The USD/CAD pair reflected the biggest depreciation as investors took advantage of the spread in interest rates, and fell to C$1.0094 from C$1.0241 yesterday, which was the largest one-day gain for the Canadian dollar since November.The newly released economic indicator by the Labor Department reflected a slowdown in the rate of unemployment, but did not help to move the market as sales of existing homes fell to a nine year low. As the US continues to falter in the global economy, commodities soaked in gains as crude oil rebounded from a three month low and was just shy of $89 a barrel. Gold prices also jumped as it hit over $900 an...
By: sebuah arti
The Year of the Rat: How to Invest
2008-01-23 08:47:00 The Chinese calendar proclaims this as the Year of the Rat. Based on the behavior of economies and financial markets over the past few months, investors would be forgiven for thinking that a plague has descended upon the financial system. But on occasion it is useful to step back from the day-to-day shenanigans of markets and take a bird's-eye view of events. And there is nobody better to assist with this than Donald Coxe, Global Portfolio Strategist of BMO Financial Group.
Words from the wise for the week that was (Jan 14 - 20, 2008)
2008-01-20 09:33:00 This regular weekly article highlights some thought-provoking news items and quotes from market commentators during the past week, and briefly reviews the week?s market action on the basis of economic statistics and a performance chart.
Former Fed Chair Volcker Critical Of U.S. Central Bank
2008-01-19 02:11:00 Former Federal Reserve Chairman Paul Volcker was recently interviewed by the New York Times Magazine for a story it will be running Sunday. Reuters was able to obtain the text in advance of the publication, and reported Wednesday that Volcker thinks the Federal Reserve is to blame for asset markets being blown into bubbles, and ...
By: Boom2Bust.com
A 'power' play on currencies
2008-01-18 07:00:00 In his ETF Trader (ccount/click.php?id=1610), Jim Lowell (ccount/click.php?id=1610) says my top 2008 speculative bet is the PowerShares DB G10 Currency Harvest Fund (quote.htm?sym=) (ASE: DBV (quote.htm?sym=dbv)). Here, he looks at the currency exchange-traded fund.
Latest News in Stock Market Currencies - Jan 14, 2007
2008-01-15 06:22:00 Follow the nation’s dentists and place your bets on IG Daily Telegraph - The company sells bets on the movements of stock market indices, currencies and individual company share prices. It also sells contracts for difference - derivatives more commonly used by professional investors that allow punters to have an economic … Stocks rally on robust IBM ...
Words from the wise for the week that was (7 ? 13 Jan, 2008)
2008-01-13 10:36:00 This regular weekly article highlights some thought-provoking news items and quotes from market commentators during the past week, and briefly reviews the week?s market action on the basis of economic statistics and a performance chart.
ANALYSIS-Most Asian currencies resilient amid global slowdown
2008-01-11 09:17:00 By Kevin Yao SINGAPORE, Jan 11 (Reuters) - Asia's healthy economic outlook will support further gains in regional currencies this year, but some will fare better than others, depending on inflation... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Canada Prepared For U.S. Recession
2008-01-11 05:00:00 Tonight I came across an article in the National Post (Canada) entitled ?Riding Out Global Gloom,? which claims that Canada is well-positioned to withstand a U.S. recession. According to Jacqueline Thorpe, the author of the piece: The economic gloom deepened yesterday as the United Nations warned of the risk of worldwide recession, Goldman Sachs became the ...
By: Boom2Bust.com
Jim Rogers: Coming Recession ?One Of The Worst?
2008-01-08 15:52:00 Commodities investor Jim Rogers told Bloomberg yesterday that the U.S. economy is heading for a recession that may be the worst ?in a while,? and investors should sell the dollar as global currencies weaken. The chairman of New York-based Rogers Holdings said from Singapore that: It?s going to be one of the worst recessions we?ve had ...
By: Boom2Bust.com
Trade Currencies Effectively by Hiring a Currency Trading Company
2008-01-08 07:13:00 Forex is the most liquid and the largest financial market in the world. Everyday, this market tends to keep growing and growing and become more and more popular. Besides, trading in the most liquid market in the world can really bring a lot of benefits for you as a Forex trader. In Forex there is ...
Words from the wise for the week that was (Dec 31, 2007 ? Jan 6, 2008)
2008-01-06 09:26:00 This regular weekly article highlights some thought-provoking news items and quotes from market commentators during the past week, and briefly reviews the week?s market action on the basis of economic statistics and a performance chart.
Byron Wien?s Ten Surprises of 2008
2008-01-04 11:22:00 Dead on the first day of the New Year, Byron Wien again published his annual list of surprises to expect in the coming year. His economic, market and political predictions make for interesting reading.
Overflowing Cash Currencies 24/7 With Online Forex Trading
2008-01-04 07:17:00 There are over 50 currencies all over the world, with four them being the most common. People use these currencies, which can take the form of cash/bills, coins, cheques, credit cards, atm cards, and other same services, for different transactions as they go on with their daily lives. With the advent of online forex trading, ...
Father of Reaganomics: Nothing Can Be Done To Save Economy
2008-01-03 21:11:00 This morning I came across an interesting article by Paul Craig Roberts in the Coastal Post. Who is Dr. Roberts? He is an economist who served as an Assistant Secretary of the Treasury in the Reagan Administration, and is known as the ?Father of Reaganomics.? Outside of the public sector, he was a former editor ...
By: Boom2Bust.com
Investment strategy: guidelines from 2007?s performance
2008-01-03 16:17:00 The overriding message of an analysis of last year's investment performance is the strong emphasis on defensive asset classes and sectors. There also does not seem to be any indication of 2007's primary trends reversing as we enter 2008, although some of last year's laggards may bottom out during the course of this year. |
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