// ARTICLES
Currency Currents - January 14, 2010
Key News
• Shanghai overtook Tokyo as Asia’s biggest stock market by trading value last year, as an 80 percent jump in China’s benchmark index boosted equities demand. (Bloomberg)
• [Japan]: Orders from non-manufactures dropped 10.6 percent to 380.7 billion yen ($4.15 billion), the lowest since May 1987, the Cabinet Office said today in Tokyo. (Bloomberg)
• Australian employment soared for [...]
Currency Currents - January 13, 2010
Key News
• BEIJING, Jan 12 (Reuters) - China took its strongest step towards tightening monetary policy on Tuesday as the world’s third-largest economy roars ahead, surprising investors with an increase in banks’ required reserves that rocked global financial markets.
• Greece condemned for falsifying data (Financial Times)
• Insight: Lift rates and think about the savers (Financial Times)
Webinar: Currency Trade [...]
Currency Currents - January 12, 2009
Key News
• China raised the proportion of deposits that banks must set aside as reserves. (Bloomberg)
• Carlyle Group unveiled plans to work with city authorities in Beijing to establish a renminbi fund that will enable it to make local currency investments across China.(FT)
• An International Monetary Fund (IMF) stand-by deal with Turkey would help reduce the Treasury’s debt [...]
Currency Currents - December 24, 2009
Quotable
“God bless us every one!” said Tiny Tim, the last of all.”
Charles Dickens
FX Trading – Twelve Themes of Christmas (guesses, wishes, and concerns)
1) The dollar has bottomed on a multi-year basis after a major test in 2009.
2) Interest rates are going higher as this recovery “normalizes” in 2010; we see 5% on [...]
Currency Currents - December 22, 2009
Key News
• U.K. Economy Shrank 0.2% in Third Quarter, Less Than Previously Estimated (Bloomberg)
• Brazil Has No Reason to Keep Increasing Currency Reserves, Freitas Says (Bloomberg)
Quotable
“Investment in fixed assets such as factories and the rail network accounted for more than 95 percent of China’s 7.7 percent growth in the first three quarters of 2009 and made [...]