Tag: currency
Warning! Crash imminent
Published on December 4, 2009
It is a pivotal day for the markets. Unemployment took a surprise trip downward, giving the dollar some well-needed strength. For a look at what the future holds, check out the gold market. It isn’t pretty.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): What a difference a week makes. Five trading days ago, the Street was [...]
Where is the End for Gold?
Published on November 17, 2009
Hard money maven Bill Bonner sees no end to the gold price acceleration. And it’s all about… currencies?
Bill Bonner (The Daily Reckoning):
Gold hit a new record yesterday. The price rose $22.50 to $1,139.
And we take up a disagreeable task. We ask ourselves: what if we were wrong?
If you bought gold when we first [...]
Currency Investing: It is make or break time
Published on May 29, 2009
May was a big month for several reasons. But nothing was as important or eye-catching as the moves made in the currency markets. This is a make-or-break situation for investors.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): The month of May is in the history books, at least for investors. I could pick several themes that [...]
China starts to wonder if it made the right choice
Published on March 13, 2009
China wants a guarantee that the American currency is solid. If our currency begins to falter, the exporter will feel incredible economic pain. It is prepared to do everything it can to ensure its $2 trillion currency reserves are safe.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): The idea of a four-day rally is fizzling out [...]
Time to hedge against this major currency
Published on January 30, 2009
U.S. GDP growth numbers and Japanese industrial output are contracting rapidly. But so are most non-dollar currencies. In fact, rumors of speculators driving euro and ruble into the ground abound on the markets!
by J. Christoph Amberger
Baltimore—TFN: The numbers are in: In the last quarter of 2008, the U.S. economy shrank at an annualized rate of 3.8%. [...]
The British government will destroy the pound sterling
Published on September 3, 2008
“We must thank Alistair Darling for giving us, with his wise words on Saturday, what has to be the easiest money-making opportunity of the year: to sell the pound as soon as the markets opened on Monday. Not since Northern Rock a year earlier has such an [...]
Why the Euro Won’t Replace the Dollar
Published on July 25, 2008
“A more immediate concern is the growing divergence of European economies. Two big European economies, Italy and Spain, are perceived as more risky than the two core members of the Eurozone, Germany and France.” — Lord William Rees-Mogg
by Lord William Rees-Mogg
Baltimore and London — (TFN): In the last year, the euro [...]
Can the Fed Stop Inflation?
Published on June 24, 2008
“Soaring inflation means the credibility of the legal tender in your wallet is being called into question. In other words, does your dollar really have any value?” — Jack Crooks
by Jack Crooks
Baltimore – (TFN): All over the world, everyone from market analysts to your average grocery shopper has been buzzing about inflation lately. [...]
Oil Is the New Gold Standard
Published on June 17, 2008
“The Fed can no longer cheat with the money supply and get away with it. There is a new gold standard and it’s called ‘oil.’” — Byron King, Whiskey and Gunpowder
by Byron King
Baltimore – (TFN): Oil has become the “anti-dollar” of modern times. Oil is now serving as the [...]
Technical Indicators: Is a dollar reversal imminent?
Published on May 20, 2008
Baltimore — (TFN): On April 29, net shorts on a decline in the euro came in at 21,315— compared with net longs of 18,907 a week earlier, according to the CFTC. Currency strategists now expect the dollar reversal to reach $1.52 within the next few days.
So far, the U.S. currency has appreciated 4 percent from [...]
Technical Indicators: Your latest TFN podcast is now online
Published on May 20, 2008
Baltimore — (TFN): Net shorts on a decline in the euro came in at 21,315— compared with net longs of 18,907 a week earlier, according to the CFTC. Currency strategists now expect the dollar reversal to reach $1.52 within the next few days: The podcast for our latest TFN 60-Second Buzz video, featuring J. Christoph [...]
Technical Indicators: Is a dollar reversal imminent?
Published on May 19, 2008
Baltimore — (TFN): Short positions on the euro have been increasing. An increasing number of traders expect the dollar to appreciate against the euro and other currencies. But could a dollar reversal ring in a deflating of the commodities bubble?
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U.S. Subprime Collapse: Blame the Japanese yen
Published on May 9, 2008
“So who – or what – is to blame for what’s being called the greatest financial crisis since the Great Depression? Strangely it’s all tied back to not only derivatives… but also the currency markets. Or more specifically, the carry trade.” — Jack Crooks
Blogger’s note: Jack Crooks sent [...]
Weakening Dollar: Fly into some profits
Published on April 23, 2008
“Two companies worth comparing are Airbus and Boeing. A falling dollar has dramatically hurt Airbus, while providing Boeing with a fantastic, but temporary, competitive advantage.” – Andrew Snyder
By Andrew Snyder
Baltimore (TFN) – At least a dollar is still worth a dollar here in the United States, because throughout much of the world it is not [...]
This Week’s Financial News: Bernanke takes to the tightrope, the carry trade’s in trouble and Christoph’s a Democrat
Published on April 5, 2008
“Now that Congress is getting involved, we should see some decisive action, a clear and easy solution to eliminate the financial collapse now knocking on our doors… and if you believe that, I’ve got these great banking shares to sell you.” — Stephanie Grimmett
by Stephanie Grimmett
Here at Today’s Financial News, we spent the [...]
Foreign Investment: Cuba’s currency predicts an economic train wreck
Published on March 10, 2008
"In March of 2005, Cuban President Fidel Castro announced he would decrease the value of the Cuban peso 7% in a single day. In other words, Fidel Castro was debasing his country’s currency — on…
Currency Trading: Iran attacks the dollar
Published on February 27, 2008
"You think it’s a coincidence that the Iranians announced this “new bourse” just when the dollar sank to 30-year lows? I definitely don’t. In fact, I’d say they’re only doing this because the dollar is so low. Seriously, if you wanted to sucker punch the buck, then now’s the [...]
Currency Trading with Warren Buffett: Save your profits from dollar devaluation
Published on February 22, 2008
"Buffett should have had a second quarter loss in his company (Berkshire Hathaway). However, he reversed that loss into a US$412 million profit just from his currency gains." — Sean Hyman…
Investment Strategies: Commodities and Currencies
Published on January 22, 2008
“I’m sure you’re wondering where in the world, when all of the world’s markets are so inexorably tangled up in the subprime knot, you can hide your profits until the worst has passed. Where can you expect to find a reasonable rate of return for your funds while the sky falls on Wall Street?” – Stephanie Grimmett.
by Stephanie Grimmett
Baltimore – (TFN): Your portfolio probably lost a big chunk of…
Currencies: China is clandestinely widening the yuan-dollar float
Published on January 2, 2008
"Currency experts are now expecting a gradual 10% increase of the yuan over the dollar throughout 2008." — J. Christoph Amberger
by J. Christoph Amberger
Baltimore — (TFN): China may be in the process of clandestinely floating the yuan within a far wider margin than last year. Within the last couple of days — which were [...]