Ending on Friday, the third quarter was BRUTAL to say the least. Most major averages are down nearly 14% over the last three months, all while volatility has spiked and remains at a very high level. The S&P 500 saw a beautifully executed head and shoulders pattern in July which sent shares lower and... Read more
Posts Tagged ‘RMB’
LAST CALL FOR OPTIMISM: ENTER Q4
October 2 | Posted by Kevin Monaghan | Top Story Tags: Channel Trading, Currency Risk, DFS, Discover Financial Services, Emerging Markets, FDX, Fedex, Head And Shoulders, Interest Rates, Nike, NKE, Range Bound Trading, RMB, S&P500, Stock Charts, Technical Trade, Term Deposit
Asia Rising Meets Dollar Falling – Will America Remain On Top?
April 8 | Posted by Mario Cavolo | Inside Asia, Top Story Tags: America, China, Commodities, Euro, Interest Rates, RMB, United States, United States Economy, US Dollar, USDFive years from now, the year 2016 will mark the beginning of America’s recovery. That is very good news. All countries go through long-term economic cycles that must be respected. Make no mistake, America, with all of her problems, with all of her incompetent, greedy, irresponsible, elite leaders, with all of her deeply... Read more
USD Trading With Yuan Now Possible With Bank Of China
January 12 | Posted by Matthew Clark | Captivating Currencies, Inside Trader Highlights Tags: Bank Of China, Currency, Currency Trade, RMB, US Dollar, USD, YuanIt’s finally happening! The Wall Street Journal announced Tuesday night on its website that “State-owned Bank of China has opened trading in the yuan currency to U.S. customers”. And according to CNBC, the report said the Chinese bank now allows companies and individuals to buy and sell the yuan through accounts with its... Read more
China Raises Interest Rates: Too Little, Too Late?
December 30 | Posted by Kevin Monaghan | Top Story Tags: China, China Interest Rates, Currency, Inflation, Interest Rates, Reserves, RMB, YuanChina raises interest rates for a second time since October by a quarter of a point to 2.75%… Big Whoop! China is still about 2 full points behind where they should be, especially if they want to tame inflation. This keeps China with a negative real rate of return, and with inflation at... Read more
Who Is Winning The Currency Wars?
December 29 | Posted by Kevin Monaghan | Top Story Tags: AUD, CAD, CHF, Currency, EUR, Euro, India, RMB, Rupee, Swiss, Swiss Franc, US Dollar, USD, YuanThe answer is most likely… investors. It was practically written on the wall to go long Australian and Canadian Dollars during the first half of 2010. Shorting the Euro then became the trade going into the last few months and most likely that trade will continue into the New Year. Turns out, while manipulating... Read more
