AUD/USD Recaptured Important Line
November 19, 2010 | admin News, Strategies
AUD/USD managed to reconquer an important line that served as resistance, and it now settles above it, as risk appetite is back in town. How will it close the week? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Thursday session: The Aussie managed to break higher, settling above 0.9863. Current Range: [...]
China Steps Up Hot
November 19, 2010 | admin News
BEIJING—China will step up oversight of inbound foreign-direct investment and pay special attention to hot-money flows into certain sensitive sectors such as the property market, Ministry of Commerce spokesman Yao Jian said Tuesday. The comment comes a day after China announced rules to curb such inflows by limiting property purchases by foreign individuals and companies. [...]
Why gold is a bad investment
November 19, 2010 | admin News
Hedge-fund managers George Soros, John Paulson and Eric Mindich have surmised as much, judging by the massive stakes they held in SPDR Gold Trust ETF(GLD 130.44, +0.06, +0.05%), the leading exchange-traded gold fund and the world’s second-largest ETF with assets of almost $58 billion versus about $40 billion a year ago. The three hedge-fund titans alone controlled [...]
