Currency - General News

Re: Currency - General News

Postby winston » Sun Jul 17, 2016 7:10 am

Illogical returns of forex schemes

BY M. SHANMUGAM

It is said that the returns range from 100% per annum to more than 250% per annum.


According to a survey by LCH Investments, the world’s top-20 hedge funds returned only 3.2% in 2015.

In absolute amount, the top-20 hedge funds made a return of US$15bil on an investment size of US$465bil.

What is startling is that hedge fund managers outside the top-20 lost US$99bil for their clients.


Source: The Star

http://www.thestar.com.my/business/busi ... x-schemes/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Currency - General News

Postby winston » Sun Jul 17, 2016 7:15 am

Getting the lowdown on trading

BY TEE LIN SAY

Source: The Star

http://www.thestar.com.my/business/busi ... n-trading/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Currency - General News

Postby behappyalways » Thu Jul 21, 2016 11:38 am

HSBC Currency Traders Got Greedy on Christmas
http://www.bloomberg.com/view/articles/ ... -christmas
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Currency - General News

Postby behappyalways » Wed Aug 17, 2016 5:25 pm

The world's worst performing currency right now is Mongolia's
http://www.bbc.com/news/business-37103608
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Currency - General News

Postby winston » Mon Sep 26, 2016 7:34 am

How To Avoid Forex Scams

BY MARK REIJMAN

If these companies could really generate 10%-20% in returns per month, why would they share it with you?.


Source: The Star

http://www.thestar.com.my/business/busi ... rex-scams/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Currency - General News

Postby winston » Thu Oct 13, 2016 7:00 pm

How to Profit from Every Major World Currency… Before Central Bankers Kill Them

By MICHAEL E. LEWITT

For the time being, just five currencies – the Big Five – fuel the global economy. They are, in order:
1. gold (anyone who tells you gold is a commodity and not a currency is an idiot – probably a dangerous one, like Ben Bernanke);
2. the U.S. dollar;
3. the euro;
4. the Chinese yuan; and
5. the Japanese yen.


Currency Buy Recommendation No. 1: Gold

There are also myriad ways to buy gold through exchange-traded funds (ETFs) or closed-end funds, including the SPDR Gold ETF (NYSE Arca: GLD), which charges a 0.40% fee, and the iShares Gold Trust (NYSEArca: IAU), which charges a 0.25% fee.

There are also two other stocks that I prefer, the Central Fund of Canada Ltd. (NYSE: CEF) and the Sprott Physical Gold Trust (NYSE Arca: PHYS).


Currency Buy Recommendation No. 2: The U.S. Dollar

The U.S. Dollar Index (DXY) is an index that measures the value of the dollar relative to a basket of foreign currencies. The composition of the index is euro (57.8%), yen (13.6%), British pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%). As you can see, 70% of the index is weighted with just two currencies – the euro and the yen.

You can buy ProShares DB US Dollar Bullish ETF (NYSE Arca: UUP), which closely tracks the exposures in the DXY.


Currency Short Recommendation No. 1: The Euro

You can sell short the euro by buying ProShares Short Euro ETF (NYSE Arca: EUFX). This ETF rises when the euro falls.


Currency Short Recommendation No. 2: Chinese Yuan

Short Recommendation No. 3: The Japanese Yen
Buy long-dated puts on CurrencyShares Japanese Yen Trust ETF (NYSE Arca: FXY).

Short the Japanese stock market by buying puts on iShares MSCI Japan ETF (NYSE Arca: EWJ).


Source: Money Morning

http://moneymorning.com/2016/10/13/how- ... kill-them/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Currency - General News

Postby behappyalways » Sat Oct 22, 2016 6:58 pm

New Zimbabwe Notes Stir Memory of 500,000,000,000% Inflation
http://www.bloomberg.com/news/articles/ ... -inflation
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Currency - General News

Postby winston » Wed Nov 09, 2016 6:39 am

Banks warn clients to brace for FX volatility after U.S. vote

Banks gird for tumult after election01:12

By Patrick Graham

Banks have forecast falls of up to 5 percent in the dollar's value against the yen if Trump were to win and a bounce of 1-2 percent for the greenback on a victory for Hillary Clinton.


Source: Reuters

http://www.reuters.com/article/uk-globa ... SKBN133267
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Currency - General News

Postby behappyalways » Tue Nov 15, 2016 1:04 pm

Asian Currencies Drop to Seven-Year Low as Dollar Surges: Chart
http://www.bloomberg.com/news/articles/ ... rges-chart
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Currency - General News

Postby winston » Thu Nov 17, 2016 1:25 pm

HSBC Goes Bearish On Asian Currencies

By Shuli Ren

It’s about time sell-side analysts capitulate.

HSBC lowered its yuan forecast this morning, now seeing the yuan to fall to 7.20 per dollar, versus 6.90 previously, by the end of 2017.

The People’s Bank of China lowered its yuan fix for the 10th consecutive day to 6.8692. A stronger dollar coupled with a weaker yuan send HSBC’s forecast on other Asian currencies lower as well.

“The uncertainty for Asian currencies has risen after the US presidential election. Our working assumption is that the external backdrop has become less supportive. The US Fed could raise rates faster than the market is expecting, if fiscal stimulus is implemented.

Meanwhile, the spill-overs from stronger US growth may not be meaningful for Asian exporters, if the president-elect, Donald Trump, takes a more trade protectionist stance,” wrote analyst Paul Mackel.

So what’s the bank’s pecking order? HSBC is going for growth, liking Indonesian rupiah, Indian rupee and Philippine peso the most.

Mackel wrote:
We have a longer term preference for currencies supported by domestic growth momentum (INR, IDR and PHP) and a robust FX policy framework (THB). Flexibility with INR and IDR, however, will be needed, given their sensitivity to core bond volatility and the current environment warrants caution. Nonetheless, both should hold up better than most other high-yielding EM FX.

We suggest avoiding those with US trade exposure and those that are susceptible to stronger capital outflow pressures (RMB and MYR). We also expect low-yielding but export-dependent currencies to underperform (KRW, SGD and TWD).

Since Trump’s surprise win, the yuan fell 1.3%, the South Korean won dropped 3%, the Indonesian rupiah fell 2.2%, the Malaysian ringgit tumbled 3.5%, and the Indian rupee was down 1.8%.

The iShares MSCI China ETF (MCHI) fell 5.3%, the iShares South Korea Capped ETF (EWY) dropped 7%, the iShares MSCI Indonesia ETF (EIDO) tumbled 10.5%, the iShares MSCI Malaysia ETF (EWM) fell 7.2%, the iShares MSCI India ETF (INDA) was down 7%.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... urrencies/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to Currencies

Who is online

Users browsing this forum: No registered users and 5 guests