Gold Outpacing All Currencies
November 11, 2009 By Leave a Comment
Gold Continues to Gain Against All Currencies
THE PRICE OF GOLD rose to fresh record highs against the US Dollar for the fifth session in six in early London dealing on Wednesday, recording an AM Gold Fix above $1114 an ounce.
Up by more than 28% for 2009 to date for US investors, gold also rose against all other currencies, breaking its best level against the Japanese Yen since July 2008 above ¥3220 per gram as world stock markets gained, government bonds held steady, and crude oil ticked higher from $79 per barrel.
Gold also broke new 8-month highs above €743 and CHF 1121 an ounce for Eurozone and Swiss investors, trading 6% and 4.5% respectively off February's all-time record peaks. [Read more...]
IMF: US Dollar “Still Over-Valued”
November 9, 2009 By Leave a Comment
Gold Makes It 3 Records in 4 Days
THE PRICE OF GOLD jumped to new all-time Dollar records for the third time in four trading days early Monday in London, trading above $1110 an ounce – up more than 27% for 2009 to date – as the US currency fell hard on the forex market.
World stocks added 0.4% on the MSCI index to continue their four-month surge after Sunday's meeting of G20 political leaders in Scotland vowed to "continue to provide support for the economy until the recovery is assured." [Read more...]
A Gold Price, Roubini and Currency Overview
November 4, 2009 By Leave a Comment
Gold Over $1,090 and Climbing
Did you see the strong performance that gold put in yesterday? And it didn’t stop there… Overnight, gold is up another $7 on top of the $20 gain it had yesterday… So $1,090 and change should look pretty good to you right about now… That is as long as you are a gold holder! [Read more...]
Risk Aversion and the U.S. Dollar
November 3, 2009 By Leave a Comment
Front and center this morning, we have a very strong dollar rally going on… It began yesterday mid-morning, when things turned on one thin dime. First, we had the US Manufacturing Index rise in September and the trading theme kicked in with the dollar getting sold on the good news for the economy… But then a strange thing happened on the way to the forum. Everyone began to fear what’s been going on in banking… Friday, the 115th bank failed this year, and suddenly traders, investors, hedge fund dudes, and everyone else, got a case of the flu… Not the “pandemic” H1N1 flu… This is the “chicken flu”… Chicken to continue to take risks in the face of a banking problems… Well, to think of it, maybe, just maybe, it’s not the “chicken flu” but the “prudent flu”! [Read more...]
Times To Trade
October 31, 2009 By Leave a Comment
Trading the OTC (over the counter) currency markets offers an opportunity to hedge stock and bond investing, but really is more of a traded market following the ebbs and flows of global commerce than it is an investment arena to plan retirement from. Getting to know six major currency pairs...
Currency Rally Ended
October 27, 2009 By Leave a Comment
Rumors Kill the Currency Rally
Well, the non-dollar currencies didn’t enjoy such good news yesterday, as they got whacked a good one! After signing off yesterday, the non-dollar currencies continued to rally versus the dollar, and then the rug got pulled out from under them in a NY minute! What happened? The risk assets were dropping like the Cardinals’ batting averages at the end of the season. Well… Remember yesterday when I said that the data for the week looked like it might show some healing in the economy, which would be bad for the dollar? [Read more...]
The Four Letter R-Word
August 30, 2009 By Leave a Comment
Forex traders hear a lot about Risk; whether the markets are tolerant, averse, or neutral. It is a headline that is bandied about on a regular basis. Quantifying the value of risk, and its forex impact, may be so much harder to do in the trading arena, than reporting each
[Read more...]
The Four Letter R-Word
August 30, 2009 By Leave a Comment
Forex traders hear a lot about Risk; whether the markets are tolerant, averse, or neutral. It is a headline that is bandied about on a regular basis. Quantifying the value of risk, and its forex impact, may be so much harder to do in the trading arena, than reporting each...
Times To Trade
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