Check this out from China Economic Net:
China Investment Corporate Ltd. (CIC), the country’s long-awaited state forex investment company set up to make better use of its huge foreign exchange reserve, was inaugurated on Saturday.
The CIC, with a registered capital of 200 billion U.S. dollars, is a solely state-owned company, according to the company sources.
The [...]
Archive for September, 2007
China muscles into forex
Posted in China, U.S. dollar, tagged China, dollar on September 30, 2007 | 3 Comments »
The loonies are on the rise
Posted in Canadian dollar, Funny, U.S. dollar on September 29, 2007 | No Comments »
The combination of dollar weakness and loonie strength finally has brought the USD/CAD to parity. Today for the first time, the pair closed below it, i.e. the loonie’s worth more than a buck. Wow.
NPR did a funny story on it this week. It mentioned how the loonie used to be a bit of [...]
Is this why they say the dollar is doomed?
Posted in Fed, Funny, U.S. dollar, tagged funny bush usd fed on September 28, 2007 | No Comments »
I’m totally kidding! Check out my favorite “Bushism” video, which has some fun with the President’s bloopers, non-trading related but good clean fun and it’s important to make room for that. Trading can be quite stressful. Fortunately for you traders who like to blow some steam off fishing , our President has testified that he [...]
The Canadian conundrum …
Posted in Canadian dollar, U.S. dollar on September 28, 2007 | 2 Comments »
I believe this is the first time that the dollar and loonie have been at parity (correct me if I’m wrong), i.e. the two are of equal value. USD/CAD’s at 1.00. Sounds like a great excuse for a party!
This means a potential problem for the USD/CAD to go lower at present. For the [...]
Let’s kick off with what else, but the GBP/JPY!
Posted in British pound, Japanese yen, tagged breakout, carry, hourly, pound, yen on September 28, 2007 | No Comments »
Welcome back home to the new reincarnation of the Investools FX blog. My name is Michael Atkinson and I am glad to be back with you again! You are in good company, many of our students have rejoined us after a year-long hiatus from blogging. Hello again!
Check out the GBP/JPY and be on guard: [...]
