AUD/USD Recaptured Important Line
February 11, 2011 | admin News, Strategies, Training
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
February 11, 2011 | 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
February 11, 2011 | 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 [...]
EURO,Crazy Currency Crisis
It’s a long time since anyone could wholeheartedly sing, “When Irish eyes are smiling…” Smiles in Dublin have been in short order for sometime now. Anyone who has read MarketMind in the past will know that I whilst not anti European, I am no fan of the Euro. However, there is a great deal of [...]
China manipulates currency
February 11, 2011 | admin News
NEW YORK (CNNMoney.com) — China continues to manipulate its currency and the nation’s “exclusionary” trade policies have contributed to a massive deficit with the United States, a special commission said Wednesday. According to a draft of its annual report to Congress, the U.S.-China Economic and Security Review Commission said lawmakers should urge the Obama administration [...]
Dull dollar day
February 11, 2011 | admin News, Strategies, Training
EUR/USD saw a bit of short-covering late in the European session, rising briefly to the 1.3566 level before slipping back to opening level right around 1.3520. It was one of the quietest days in weeks. USD/JPY slipped back after the Fed bough about $8 bln in longer-dated (out to 10-years) coupons which briefly knocked yields [...]
