Posts by "qiman"

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

"I don't think rates will start rising until the first quarter of 2012, but when they do, I think they will go up at a fairly chunky pace," said Alan Clarke, economist at BNP Paribas.

Mr Clarke is forecasting a rise of two percentage points overall in 2012, which would take rates up to 2.5pc by the end of that year.

Sir John Gieve, the former Bank of England deputy governor, said last month that he expected interest rates to rise at a quicker pace.

"I am expecting a recovery when that is strongly established I'd expect rates to start rising faster than the market currently expects. I wouldn't be at all surprised to see interest rates at 2.5pc a year from now," he said.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7982303/Warning-of-sharp-interest-rate-rise-in-2012.html

If you trade gold futures this article is a must read, a striking pattern that perhaps some can take advantage of for increased profits over time:
http://www.kitco.com/ind/Kirtley_Sam/aug272010.html

Here is some more about our Friend Cuprum, this is another bullish article. I personally have found copper pretty tricky to trace, how about you? If you do well at it, any tips for the rest of us?

Copper at $10,000 Says Credit Suisse

We still think that copper will reach $10,000 a ton by 2012 and relatively simple supply-demand analysis supports this.
http://agmetalminer.com/2010/08/19/copper-at-10000-says-credit-suisse/

Analysts were also weighing up the likelihood of a hung parliament, as seen following British parliamentary elections earlier this year, forcing the main parties to bring in some of the Australian Parliament's handful of minor-party members.

The odds of such an outcome -- not seen since in Australia since 1940 -- were increasingly likely, recent surveys show. A Sydney-based poll conducted at the start of the week predicted a hung parliament -- reversing its reading of a comfortable victory for Labor five days earlier.

IG Market's Weston said such an outcome would put the Australian dollar under renewed selling pressure.
http://www.marketwatch.com/story/australia-election-to-impact-miners-aussie-dollar-2010-08-19?dist=beforebell