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Chinese Premier Wen Jiabao says he will not be bullied into changing China's exchange rate ... Instead, he said the value of the yuan -- which is also called renminbi -- will be kept "basically stable". And he confidently stated the world's fastest ...
Publ.Date : Sun, 14 Mar 2010 23:35:00 GMT
Chinese premier opposes foreign pressure to appreciate value of its currency China signals it's not heeding calls to boost value of its currency Last week, President Obama asked China to allow yuan to appreciate (CNN) -- China is bracing for another tough year despite economic growth, but opposes
Publ.Date : Fri, 12 Mar 2010 23:59:00 GMT
At one point on Monday the Dollar was trading in the red and Gold, which should have shot up, was actually trading roughly 10 dollars lower. As the Day progressed both the Dollar and the Euro were trending upward together, while Gold continued to slide. The story below attempts to provide a reason
Publ.Date : Fri, 12 Mar 2010 21:35:00 GMT
Just recently I've noticed an investing trend that I would only describe as stunningly stupid. Average investors are aggressively engaging in currency speculation, of all things. The odds of hitting your point on a Vegas craps table are better than ...
Publ.Date : Mon, 15 Mar 2010 03:17:00 GMT
FRANKFRUT (MarketWatch) -- Indonesia's long-term foreign currency sovereign credit ratings was raised on Friday to BB from BB- by Standard & Poor's Ratings Services, which said the improving government debt ratio and growing foreign currency reserves ...
Publ.Date : Fri, 12 Mar 2010 10:08:00 GMT
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Treasury chief Paulson Commits to Strong Dollar
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Treasury chief Paulson Commits to Strong Dollar The US is committed to a strong dollar," said Treasury chief Paulson in India on Tuesday. What was he thinking? Maybe he spoke with a smile...at least the audience could have taken it for a joke. But press reports make no mention of anyone laughing.
No, dear reader, it was simply another monumental lie... the monetary equivalent of "weapons of mass destruction" and "I did not have sex with that woman".
After the Treasury Secretary affirmed his support for the buck, traders sensibly sold it. The dollar lost a little more ground against the euro.
Elsewhere in the financial news, the Dow lost a few points yesterday...oil dropped back to US$90...and gold slipped back to US$787.
"You are either a contrarian, or you are a victim," says our old friend Rick Rule. Rick is thinking of the natural resource markets, where crowd-following is always fatal.
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Currency Day Trading: My 5 Biggest Mistakes
The most challenging part of currency day trading is not working with technical indicators or analyz... Get the basics of online currency trading in Forex
The method of online currency trading is remarkable for fast accessibility and ease of use. You can ... Stock Market Report: Day Trading or Swing Trading Online? Stock Investing Information
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