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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
catnip
Frankfurt, Germany
Posted Anonymously
11 years ago
Sep 12, 2010 19:39
By Bloomberg News - Sep 12, 2010 6:01 PM GMT+0200

Evidence of strengthening domestic spending in China undermined the case for Premier Wen Jiabaos government to resist a faster pace of currency appreciation days before U.S. lawmakers meet to address the issue.

Industrial production rose 13.9 percent in August from a year before, the most in three months, and retail sales and lending figures topped economists estimates, statistics bureau and central bank data released Sept. 11 in Beijing showed. Imports also accelerated, in another sign Chinese growth is picking up after a second-quarter moderation.

Inflation is 1.25 percentage points above the benchmark one-year deposit rate. So-called negative real interest rates often encourage savers to shift money into assets such as real- estate, sparking risk of bubbles.


The central bank reported August new loans of 545.2 billion yuan ($80 billion) and a 19.2 percent increase in M2, the broadest measure of money supply. Both numbers were above economists estimates. The rebound in M2 growth was the first in nine months.

Ashraf Laidi
London, UK
Posts: 0
11 years ago
Sep 10, 2010 13:01
Yes, theres talk China will start to rein in lending and a rate hike is bacn in the cards again. If that does happen, then we might see a little bit more life in USD and some pullback in metals.

Ashraf
djellal
LAUSANNE, Switzerland
Posts: 531
11 years ago
Sep 10, 2010 7:08
Rumours that china could hike rates
catnip
Frankfurt, Germany
Posted Anonymously
11 years ago
Sep 9, 2010 15:19
Qiman
not a brilliant idea. As Russia has high inflation as a result of lack of productivity and China as a result of aid packages this move will drive inflation up in both economies eventually PBOC will
quit USD peg and let Yuan flow. Only the oligarchs both Russian and Chinese will profit.
Qiman
United States
Posts: 237
11 years ago
Sep 9, 2010 14:42
China and Russia plan to start trading in each others currencies as the worlds second-biggest energy consumer and the largest energy supplier seek to diminish the dollars role in global trade.

China may start trading its currency against the ruble within weeks, three bankers with knowledge of the matter told Bloomberg, and sent out a document last week allowing lenders to apply for ruble trading licenses, one of them said. Russias Micex Stock Exchange is making preparations to trade the ruble against the yuan in an initiative that has the backing of the countrys central bank, Ruben Aganbegyan, the head of the bourse, told reporters at a conference in Moscow today.

Given the risk to the dollar and U.S. assets from their fiscal position they want to reduce their dependence on the dollar as an invoicing currency,
http://www.businessweek.com/news/2010-09-08/china-russia-push-yuan-ruble-trading-to-diminish-dollar-role.html
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Sep 3, 2010 13:04
US August non farm payrolls expected to decline by 90-100K, with private payrolls seen rising by 20-30K. The unemployment rate is expected to rise to 9.6% from 9.5%. Markets will scrutinize the private payrolls reading due to the continued layoffs of census workers. A private payroll reading above 50-70K will likely boost equities , to the benefit of commodities, their currencies, particularly against the Japanese yen, which would be deemed as the biggest loser. Only a broadly positive report (upside surprise in private and total payrolls as well as unchanged or falling unemployment rate), would lead to a broad rally in the US currency.


Ashraf
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Sep 2, 2010 12:29
STERLING BROADENS WEAKNESS on fresh data disappointment, this time from the slowest monthly rise in Nationwide house price index since Nov 2009 and slower than expected Aug construction PMI (6-month low). GBPUSD drifts around its 200-day MA $1.5427, while attempting to hold above the $1.5390s38% retracement of the rally from the May lows to the Aug highs.


Ashraf
Carlco
UK
Posted Anonymously
11 years ago
Sep 2, 2010 10:30
it was strange yesterday how gbpusd tested 154 early morning (uct) then dropped a nice 50pips only to rally from midmorning through to market close touching 155, now today its back to that support line of 15375 it seems to like so much at the moment. Is this really a phenomena ? 1st of the month rallies??
http://bit.ly/firstdayofthemonthsqueeze
Carlco
bristol, UK
Posts: 151
11 years ago
Sep 2, 2010 9:18
japan is also talking about reducing leverage for forex, cftc has made its decision and is law next month
http://bit.ly/seekingalphafxcftcrules
lucky
ibadan, Nigeria
Posts: 377
11 years ago
Aug 27, 2010 20:28
as for me i will keep away from oil now at these level i am short silver begining from now