Money Markets
Emerging Markets: Latin America
Development bank chief confident about Latin America’s economic recovery Latin America can maintain regional financial stability in face of the international economic crisis with a strengthened financial system and controllable foreign debt, the chief of the Development Bank of Latin America (CAF) said Wednesday. Both its satisfactory foreign debt status and social stability are positive [...]
RMB 6.323 vs.USD
China’s Yuan weakens to 6.323 vs.USD Thursday The Chinese currency Renminbi, or the Yuan, weakens 75 basis points to 6.323 against the USD Thursday, according to the China Foreign Exchange Trading System. In China’s foreign exchange spot market, the yuan is allowed to rise or fall by 0.5% from the central parity rate each trading [...]
Gold, SIlver and Oil Trading, GLD, SLV, USO
SPDR Gold Trust (ETF), NYSE:GLD, iShares Silver Trust (ETF), NYSE:SLV, United States Oil Fund LP (ETF) NYSE:USO The Overall Fundamentals Reversing weakness early in the week, commodities generally gained on weekly basis as EU leaders said they would formulate plans to recapitalize the banking system. And non-standard easing measures were announced by the ECB and [...]
Lagarde Meets Old Boss Sarkozy
IMF chief meets France’s Sarkozy over Euro debt General Director of the International Monetary Fund, Ms. Christine Lagarde arrived Saturday Noon at the Elysee Palace for a talk with French President Nicolas Sarkozy over the European debt issue. The IMF chief’s visit was on the eve of Mr. Sarkozy’s departure to Berlin where he will [...]
Using Supply and Demand in Stock Market Trading
An efficient capital market is one in which security prices adjust rapidly to the arrival of new information and, therefore, the current prices of securities reflect all information about the security. What this means, in simple terms, is that no investor should be able to employ readily available information in order to predict stock price [...]
Alexandre Tombini on Brazil
Brazil’s Central Bank President Alexandre Tombini said Friday that the current Global economic and financial turmoil could become even worse, but Brazil will take necessary measures to prepare the Country against potential risks. Mr. Tombini, speaking at the Brazil-US Chamber of Commerce conference, said that if the crisis worsens, the Brazilian central bank may adjust [...]
Goldman Sachs (NYSE:GS) Exit Euro
Goldman Sachs exits Long EUR vs. USD recommendation: 4.2% loss GS Goldman Sachs (NYSE:GS) said Friday it has exited a Long EUR recommendation, a trade that would have lost 4.2%. The Euro’s drop below $1.35 means “our Long EUR-USD recommendation has been Stopped Out for a theoretical loss of 4.2% including the Carry,” the bank [...]
Foreign holdings of US Treasury securities down in July
Foreign holdings of US Treasury securities down in July Total foreign holdings of US long-term securities in July dropped to US$4.478-T from the revised US$4.4956-T in June, the 2nd monthly decline amid the bipartisan wrangling over raising the government’s debt ceiling, the U.S. Treasury Department reported on Friday. The figures reflect demand for US Treasury [...]
New Bond for Portugal
The European Union will issue this week a 10-yr bond for Portugal, under the context of the European Financial Stabilization Mechanism (EFSM), the European Commission said Monday. According to the EC, the bond is part of EFSM package of funding for Portugal and Ireland, co-ordinated with European Financial Stability Facility (EFSF). According to the plan, [...]
IMF releases nearly 4-B Euros of rescue funds to Portugal
The International Monetary Fund (IMF) announced Monday it has completed the 1st review of Portugal’s performance under a multi-year economic program, which enables the immediate disbursement of an amount equivalent to 3.467-B IMF special drawing right (SDR), or about 3.98-B Euros, to the Nation. This allocation has brought total IMF disbursements under the Extended Fund [...]
Singapore Dollar Will See Parity, Shayne Heffernan
Shayne Heffernan affirmed the Singapore Dollar from as a Must Own currency. Given the economic situation of Singapore to the USA, Singapore stands out as value. Singapore’s GDP will increase 5% to 7% in 2011, from an earlier forecast for 4% to 6% growth, the trade ministry said in a statement today. The Singapore economy [...]
Investing in RMB
Hong Kong is exerting efforts to build itself into an offshore center for RMB or Yuan, China’s currency, which, experts say, will accelerate the currency’s internationalization process. Hong Kong will be dedicated to developing cross-border settlement in RMB and establishing an offshore center accordingly, Hong Kong Financial Secretary John Tsang Chun-wah said Wednesday at a [...]
Bank of America Corp. (NYSE:BAC), Success Without Dilution
Bank of America will let the courts sort the mortgage matters out Bank of America Corp. (NYSE:BAC), the US’ largest lender by assets, said it can meet capital goals without selling common stock and said it had expected some of the recent “Noise” in mortgage-related legal actions. “There are many non-dilutive ways for us to [...]
Ukraine’s foreign reserves reach new high in August
Ukraine’s foreign reserves reach new high in August Ukraine’s foreign exchange reserves grew to a new high of US$38.189-B in August, a central bank official said Friday. “The positive balance of National Bank interventions in the currency market in August totaled US$322.39-M,” Valery Litvitsky, chief of the advisory group of the National Bank of Ukraine [...]
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Dow Jones Industrial Average (INDEXDJX:.DJI) Short Sell Alert
Shayne Heffernan takes a look at the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI)
Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish
A long upper shadow occurred. This is typically a bearish signal (particularly when …
CommentaryInvestor Services
Best Hedge Funds 2013
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UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but the …
The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
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Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
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