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FRANKFRUT (MarketWatch) -- Indonesia's long-term foreign currency sovereign credit ratings was raised on Friday to BB from BB- by Standard & Poor's Ratings Services, which said the improving government debt ratio and growing foreign currency reserves ...
Publ.Date : Fri, 12 Mar 2010 10:08:00 GMT
The industry will not fully adopt one common currency online, according to Steve Simpson, global leader of business planning at Mindshare Worldwide. During his keynote at I-COM in Lisbon today, Simpson said, “I don’t believe we’ll talk about a ...
Publ.Date : Fri, 12 Mar 2010 10:44:00 GMT
Global currency trading rose to $2.7 trillion a day between April and October, the first growth since the six months to April 2008, the Reserve Bank of Australia said, citing data from five markets. Transactions increased by 17 percent from the ...
Publ.Date : Thu, 11 Mar 2010 13:59:00 GMT
HONG KONG, March 12 (Reuters) - Ratings agency Standard & Poor's on Friday upgraded Indonesia's foreign currency sovereign rating to BB, two notches below investment grade, from BB minus citing declining government debt burden and growing foreign exchange reserves. The outlook on the rating was
Publ.Date : Fri, 12 Mar 2010 08:14:00 GMT
WASHINGTON (AP) — The Obama administration accused China on Thursday of abusing its citizens' rights and maintaining currency policies that cost millions of U.S. jobs, a double-barrel attack that comes amid a growing willingness to confront and ...
Publ.Date : Fri, 12 Mar 2010 00:07:00 GMT
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Internet Forex Trading Currency Trading Signal
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Beware a spike in the US dollar
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Author: Slipstream Trader Murray Dawes
"Here's a bigger warning for Aussie investors," says
Murray. "One of the main risks at the moment is a bounce in the US dollar
index."
Why is a rally in the U.S. dollar a problem for you?
"This could lead to commodity weakness and stock market weakness here in
Australia. A strong dollar means weaker commodities, and vice versa. Combined
with the global sentiment that this year's rally may be peaking, a U.S. dollar
spike is a worry. I still expect the dollar to weaken in the longer term. But we
may be witnessing a short squeeze which could shake a lot of traders out of
their positions in gold, oil etc and hurt our recovering resources sector."
Take a look at this chart to see why Murray is fairly sure a major
dollar spike is on the cards...
Dollar Spike Move
Imminent 
This is a chart of the US Dollar index going back to 1985.
You can see quite clearly that the 10 week moving average crossing over the 35
week moving average has been a very good indicator of the trend. There are only
a few instances over that whole time period where this indicator gave a false
signal.
"It is this indicator I will be watching like a hawk over the
next few days," Murray reckons.
"If it tells us the Greenback is ready to
rally, I believe this would lead to weakness in commodities and stocks here in
Australia... and create a 'tipping point' for the rally in stocks that started
in March."
The rally would tip over. In fact it may have already
started...
So what should you do?
Here's some free advice: if you're a long-term investor only, I would
remain wary of jumping into any new long positions without knowing just what the
risk is.
If you own certain stocks that have done well this year, you
should look at how exposed they might be to a market correction. Consider last
year's massive sell-off as a worst case scenario. You should strongly consider
taking profits or using a trailing-stop to exit profitable positions. And after
that...
It's our opinion that the short side will be where money
is made (and saved) between now and the end of the year.
At the
very least, we're going to see a sharp upswing in volatility.
If you hate
risk and playing volatility for profit sounds like a silly idea to you, then I'd
consider taking a long, hard look at your current portfolio. Again, you should
even think about taking some gains out of the game. From The Daily Reckoning Australia
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