Xaron, It is flight to safety. The U.S. dollar and Japanese yen typically do well in times of heightened risk aversion. I think it is more psychological rather than fundamental.
I live in LA and there is no way I repeat again like Ashraf does lol "NO WAY" they will raise interest rate this year. Just in my middle class neighborhood I know at least three family out of work and two houses in foreclosure. We're talking about few hundred yard from where I live. School enrollment is very high here, when people lose jobs they go to school to learn a new trade, record number of applicants applied for admission for the fall of 2010 ...(http://www.usatoday.com/news/education/2010-01-14-college-admissions_N.htm?obref=obinsite).
Government official report for unemployment rate is 9.7% If you believe that I've got a bridge to sell you, for those not familiar with the expression (Back in the 1970s, conman went in for scams selling London bridges - usually they would pretend to have authority to sell Tower Bridge. To cap it all, some American did actually buy the original London Bridge). Here is a few months old article by NY post http://www.nypost.com/p/news/business/doctor_note_required_to_read_this_xUd1QgPrRNwN7MXlX9BkKP) talking about 22% unemployment rate.
Bottom line, US is not in a good shape right now, unemployment is high and banks are failing left and right. Here are list of banks closed this year:http://www.fdic.gov/bank/individual/failed/banklist.html if you do get a chance to look at the list each bank may represent 50 or more branches. These are CONFIRMED failed banks there are many other banks that are on notice (google it) meaning if they don't start showing profit they will close them.
Everyone now talking about Greece going bankrupt here in California once considered the eighth largest economy in the world As of 2008 talking about going bankrupt, watch this nice video by terminator: http://www.youtube.com/watch?v=ju5dbYskWw0
The research firm Institutional Risk Analytics, has given a failing grade to 1,882 banks as of June 2009. There is commercial melt done coming soon and Wall Street thinks the banks are in better shape, the reality is that the major banks have the same lousy assets and the same lousy management. All that changed was TARP pumped in some cash that gave investors confidence. The banks repaid TARP so they are back where they started. Plus stagnant unemployment and virtually zero job creation.
The data for bank failures in the Great Depression indicates total deposits involved were about $7.6 billion over a span of 13 years. Adjusted for inflation, that is $100 billion in 2009 dollars. The size of the crisis today, adjusted for inflation, is more than 70 times larger than the entire Great Depression. I don't see how they can raise the interest rate.
Just learning how to trade, I bought your book on currency trading and learned a lot. Do you recommend any website/books to get me started on this? thx
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Latest Hot-Chart - Apr 09
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
Government official report for unemployment rate is 9.7% If you believe that I've got a bridge to sell you, for those not familiar with the expression (Back in the 1970s, conman went in for scams selling London bridges - usually they would pretend to have authority to sell Tower Bridge. To cap it all, some American did actually buy the original London Bridge). Here is a few months old article by NY post http://www.nypost.com/p/news/business/doctor_note_required_to_read_this_xUd1QgPrRNwN7MXlX9BkKP) talking about 22% unemployment rate.
Bottom line, US is not in a good shape right now, unemployment is high and banks are failing left and right. Here are list of banks closed this year:http://www.fdic.gov/bank/individual/failed/banklist.html
if you do get a chance to look at the list each bank may represent 50 or more branches. These are CONFIRMED failed banks there are many other banks that are on notice (google it) meaning if they don't start showing profit they will close them.
Everyone now talking about Greece going bankrupt here in California once considered the eighth largest economy in the world As of 2008 talking about going bankrupt, watch this nice video by terminator: http://www.youtube.com/watch?v=ju5dbYskWw0
I hope I made my point.
The research firm Institutional Risk Analytics, has given a failing grade to 1,882 banks as of June 2009. There is commercial melt done coming soon and Wall Street thinks the banks are in better shape, the reality is that the major banks have the same lousy assets and the same lousy management. All that changed was TARP pumped in some cash that gave investors confidence. The banks repaid TARP so they are back where they started. Plus stagnant unemployment and virtually zero job creation.
The data for bank failures in the Great Depression indicates total deposits involved were about $7.6 billion over a span of 13 years. Adjusted for inflation, that is $100 billion in 2009 dollars. The size of the crisis today, adjusted for inflation, is more than 70 times larger than the entire Great Depression.
I don't see how they can raise the interest rate.
I'm newbie and looking into opening an account to trade at FOREX.com, is this a good company to use?
Thanks
peter
PS - If anyone else can shed some light on this is appreciated. thx
Montmorency: I didn't know abouthttp://www.ashraflaidi.com/products/wb01/ thanks.
Just learning how to trade, I bought your book on currency trading and learned a lot. Do you recommend any website/books to get me started on this? thx