BRIC
USD/ZAR South African Rand Outlook
USD/ZAR South African Rand Outlook Shayne Heffernan takes a look at the USD/ZAR USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current trading range that ZAR is in to continue for now but reverse and [...]
China’s Exporters Hit Hard by Rising CNY
China’s Exporters Hit Hard by Rising CNY For Chinese exporters who have been facing sluggish demand from European and US markets since last year, the rising Yuan added another burden. According to the latest data from the Bank for International Settlements, the Yuan’s exchange rate index in April was 115.24, or 0.88% higher than in [...]
Brazil, Retail Spending Soft
Brazil, Retail Spending Soft Brazil’s monthly output grew by 0.7% in March on a M-M, seasonally-adjusted basis, according to the IBC-Br index, a proxy for monthly GDP, of the Banco Central do Brasil aka BCB, the Central Bank. The expansion reflected gains in industrial output, but retail sales were flat, indicating soft private consumption. Q-1 [...]
India, Inflation Trends Lower
India, Inflation Trends Lower India’s rate of wholesale price inflation, as measured by the wholesale price index WPI, moderated to 4.9% Y-Y in April from 6% in March. The rate of consumer price inflation also slowed, with the CPI increasing by 9.4% in April, down from 10.9% in the prior month. The provisional WPI estimates [...]
Maserati Becomes China’s Most Disliked Auto
Maserati Becomes China’s Most Disliked Auto Chinese man put “Hit” on his 2011 Maserati Quattroporte A US$420,000 (tax paid), Y 2011 Maserati Quattroporte was recently hammered in Beijing. The owner, known only by his last name of Wang hired 4 hitmen to destroy the car with sledgehammers. Reports from the Qingdao Morning Post say that [...]
China Cuts the ” Red Tape” for Investment Projects
China Cuts the ” Red Tape” for Investment Projects HBC In a move to cut the “red tape” and boost economic growth, China has decided to eliminate the need for central government approval for a wide range of investments. Local governments can now give approval for some investment projects, the State Council, or cabinet, said [...]
Wave Power China Green Energy
Wave Power China Green Energy During last week, Eco Wave Power’s founders, Mr. David Leb (Founder and CEO) and Ms. Inna Braverman (Co-Founder & Marketing Director) arrived to Kempinski Hotel in Beijing in order to sign an initial collaboration agreement between EWP and a Chinese Governmental fund. The agreement was executed in an official signing [...]
China Real Estate News
China Real Estate News The average price of land purchased by Chinese property developers surged 21.1 percent year-on-year in the first four months of this year, according to the latest data. The Shanghai-based E-house China R&D Institute said in a report released on May 14 that the growth rate was 6 percentage points faster than [...]
Japan Targets China, ASEAN in Currency War
Japan Targets China, ASEAN in Currency War The depreciation in the Japanese yen has greatly affected China’s exports to the country, although Japan’s quantitative easing measures are conducive to its domestic market recovery, the Ministry of Commerce said on Thursday. China’s currency the yuan strengthened 6.1 percent against the yen in April, while China’s exports [...]
China Withdraws Stimulus
China Withdraws Stimulus China’s central bank is set to reduce the amount of money in the financial system this week for the 1st time in 3 wks, as the flow of speculative funds from overseas increases the need to avoid oversupply. The People’s Bank of China is likely to drain a net CNY35-B ($5.70-B) through [...]
Chinese Concerned About Bloomberg Terminals
Chinese Concerned About Bloomberg Terminals Chinese users of Bloomberg terminals expressed concerns Wednesday about Bloomberg News allowing journalists access to data on how clients use the terminals and urged the company to protect client data and ensure financial security. The concerns were in response to media reports Tuesday that China’s central bank and foreign exchange [...]
World’s central banks rush to cut rates, but China stands firm
World’s central banks rush to cut rates, but China stands firm While central banks worldwide have cut rates and weakened their currencies in response to the plummeting Japanese Yen, China has stood firm, confident that its economy, the world’s 2nd biggest, can withstand current global weakness, a leading economist says. Central banks in the eurozone, [...]
Shanghai Free Trade Zone Update
Shanghai Plans Free Trade Zone SS:600284 Despite rapid development in the past few years, many die-hard traditionalists in Shanghai still believe in the old adage that a bed in Puxi is preferred to a house in Pudong. But this “wilderness” has now become the focus of the city’s future. And this is not just related [...]
Visa NYSE:V Ready for China Market Opening
Visa NYSE:V Ready for China Market Opening MC, AXP, DSF Visa Inc, the world’s biggest card payments network, is gearing up to participate in Yuan-denominated business in China, as regulators prepare to release rules facilitating foreign players to enter domestic market possibly as soon as July. Jeff Liao, country manager of Visa Information Systems (Shanghai) [...]
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USD/ZAR South African Rand Outlook
Shayne Heffernan takes a look at the USD/ZAR
USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current …
Commentary
Investor Services
Best Hedge Funds 2013
Working with some of the World’s largest financial institutions HCM’s goal is to provide portfolio returns that exceed the S&P 500 Index benchmark while …
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 …
Singapore Stock Exchange Preview
Shayne Heffernan takes a look at the trading week ahead in Singapore
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
An engulfing bearish line occurred (where …
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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