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

USD

Discuss USD
 
djellal
LAUSANNE, Switzerland
Posts: 531
12 years ago
Mar 19, 2013 13:44
this breakout is the confluence of res. of the bearish channel +50moving average + res.1.0245
djellal
LAUSANNE, Switzerland
Posts: 531
12 years ago
Mar 19, 2013 13:34
usdcad breakout on the res.channel = long target 1.0290 first
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Mar 6, 2013 21:41
USDx not far from hi reached July 2011 there was some Eur crisis going on then now forgotten :-)
EUrx and USDx together look a bit like Eur crisis is back...
Italy may be downrated soon Don Draghi will revenge. Perhaps tomorrow?
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Feb 27, 2013 18:42
In reply to DaveO's post
Bearing in mind that as jobs slowly strengthen so more unemployed will register back into the workforce---a slow process ahead.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Feb 27, 2013 18:32
"Bernanke sees plenty of slack in the economy
Written by Adam Button
February 27, 2013 at 17:38 GMT
There is a good bit of slack in the economy
Reasonable guess is that unemployment will reach 6% around 2016"

I think this puts paid to all the recent hawkish comments from Fed team. Looks like QE will continue well into 2015 on the back of jobs mandate.
djellal
LAUSANNE, Switzerland
Posts: 531
12 years ago
Feb 25, 2013 13:21
As China’s economy becomes increasingly integrated with the rest of the world, it is a natural trend for its currency, the renminbi (RMB) to be more widely used in trade and investment. However, RMB in China has traditionally been a closed market with strict capital controls where currencies could not be delivered offshore. That has changed in recent years. In 2010, China launched a pilot program for RMB trade settlement through banks in Hong Kong. The Chinese government has a publicly stated ambition of internationalizing the RMB and putting RMB on track to be one of the world’s reserve currencies. The introduction of off shore renminbi (CNH) is one of the major step taken by the Chinese government in this direction.Since the launch of CNH, we’ve seen phenomenal growth in this market. For example, by the end of 2010, CNH deposits in Hong Kong were around RMB 300 billion. By the end of 2012, that figure doubled.In response to this rapid growth, CME Group announced today the launch of deliverable CNH Futures. CNH is literally the abbreviation for Chinese Yuan deliverable in Hong Kong. This is not an ISO code but it is commonly accepted code for Chinese Yuan transacted in Hong Kong.The launch of the CNH, coming off the subprime crisis and the US Fed QE policies and the onset of EU sovereign debt crisis has made this currency very appealing to cash-rich global investors. China’s strong global trade especially through Hong Kong has also helped. The above infographic illustrates the timeline of key market developments leading to this growth.Due to the popular belief that CNY is an undervalued currency, by most measures; the introduction of CNH in Hong Kong will allow people with that view to want to hold CNY for investment, hoping for appreciation as CNH is truly market driven and therefore has the ability to reflect demand and supply where CNY (the onshore currency) does not.In the path to internationalization, today marks a big step for China’s currency.CME Group senior managing director for financial products Derek Sammann discusses the launch of CNH futures
djellal
LAUSANNE, Switzerland
Posts: 531
12 years ago
Feb 24, 2013 20:04
yen is under pressure against all
djellal
LAUSANNE, Switzerland
Posts: 531
12 years ago
Feb 23, 2013 14:52
Short usdcad this week
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Feb 21, 2013 19:04
Ben--- "I didn't get where I am today without being named Helicopter Ben"
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Feb 21, 2013 18:45
In reply to cat0nip's post
Yes velocity of money will be the best signal for when to expect inflation. Way to go -----