Since we are so close at watching a EU country defaulting and things changing thereafter, I would like to put forward few ways in which we can save our money or even profit from the crumbling Greek economy: 1. Sell Swiss Franc: With default of Greece, deutsche mark would become very strong currency and people …
Category Archive: Foreign Exchange
Permanent link to this article: http://www.wealthson.com/1255/trading-strategies-when-greece-defaults
Jun 06
10 Most Valuable currencies of the world
This list is ranked as per their value against Dollar. Most valuable currency doesn’t necessarily mean that the currency is better investment option or that it represents a better economic health of a nation. 10. Cayman Islands Dollar 1KYD= 1.21 USD With no direct taxation, the islands thrive as an offshore financial center, with hundreds …
Permanent link to this article: http://www.wealthson.com/1154/10-most-valuable-currencies-of-the-world
Permanent link to this article: http://www.wealthson.com/1034/learning-automatic-trading-system
May 01
Why Yuan can not be the reserve currency of the world
Recently there had been lots of discussions on US disengaging dollar as the reserve currency of the world and Yuan becoming the next reserve currency. Every twenty to thirty years – whenever, it seems, that the American current account deficits surge – we hear dire warnings in the US and abroad about the end of …
Permanent link to this article: http://www.wealthson.com/941/why-yuan-can-not-be-the-reserve-currency-of-the-world
Sep 24
China hits back at Yuan critics
China premier Wen Jiabao says yuan exchange not to blame for China-U.S. trade deficit, 20 percent yuan appreciation would bankrupt Chinese exporters.
Permanent link to this article: http://www.wealthson.com/839/china-hits-back-at-yuan-critics
Sep 16
Japanese Government finally intervenes after 6 years
Japan’s Finance Minister Yoshihiko Noda confirmed that his ministry intervened in the foreign-exchange markets but didn’t specify the amount of intervention. Noda also said the intervention was aimed at curbing excessive foreign-exchange fluctuations and that Japan had acted alone, according to reports. The ministry’s move was Japan’s first foreign-exchange market intervention in more than six …
Permanent link to this article: http://www.wealthson.com/807/japanese-government-finally-intervenes-after-6-years
Aug 23
UK Economy set to slowdown
Bloomberg.com has reported further slowing of UK economy caused due to tight measures by Cameron government to reduce budget deficit. Foreign-exchange forecasters are the most pessimistic on the pound since May 2009, when Standard & Poor’s said the U.K. was at risk of losing its AAA credit rating, according to data compiled by Bloomberg. Bears …
Permanent link to this article: http://www.wealthson.com/527/uk-economy-set-to-slowdown
Recent Posts
- Greenspan says equity stimulus is driving economy ..no sir, markets are not economy!! May 2, 2012It seems Alan Greenspan, former chairman of Federal Reserve, is speaking ‘Bernankian’ language these days which precisely means ‘Fed is always right’. Here are few important things he said in an interview on Bloomberg: Fed rates didn’t cause housing bubble Stocks are CHEAP Equity stimulus is driving economy Equity stimulus is underestimated Housing markets a […]
- European Economic summary for 22nd March 2012 March 22, 2012Eurozone PMI Composite 48.7 – lower than expected. Consensus 49.6. Previous 49.3. Eurozone PMI Manufacturing 47.7 – lower than expected. Consensus 49.5. Previous 49.0. Eurozone PMI Services 48.7 – lower than expected. Consensus 49.2. Previous 48.8. Eurozone Industrial Orders s.a. -2.3% m/m – lower than expected. Consensus -2.2% m/m. Previous 1.9% m/m. Revise […]
- Why is crude oil going down again? March 10, 20122 weeks ago when crude oil was rocketing up, many analysts came up with different explanations why crude oil would reach $140 and some said it would go till $180. That doesn’t seem possible to me anymore. Firstly let us see why everyone was so upbeat on oil: US WOULD ATTACK ON IRAN SUPPLY SIDE … Continue reading » […]
- Ratings and Outlook of European countries by three major rating agencies March 10, 2012Let us see where these countries stand as per their ratings by rating agencies and find out who would go burst in which order. It seems Germany is the only country for which all the three rating agencies unilaterally agree on stable outlook. UK, Netherland and Austria are in stable zone. But look at the … Continue reading » […]
- Why Greek PSI deal is a credit event March 10, 2012Zero Hedge comes up with amazing analysis and prediction most of the time. Here is another flow diagram from them showing CDS triggers as the only possible outcome with the current Greek PSI deal. As seen from the diagram, there is high probability CDS triggers (of the sort highlighted in red circle). Even if that … Continue reading » […]
- Fascist European Union and Greek revolution March 8, 2012[…]
- Crude Oil cruising towards year high February 23, 2012Crude Oil (WTI) is going high everyday. As I write this article it stands at 108.56 and shows no signs of moving down. If it goes like this then very soon we would see crude oil at $115 which is my target for now. It would probably consolidate around those levels before again taking a … Continue reading » […]
About Me
Name: Hitesh