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Got Out Of ItsTitle:
Risk Investing from Myanmar to Florida
“Why don’t you move to Myanmar for six or eight months,” a friend suggested a few months back. “Seriously. You go down there, get a feel for the place, buy a bunch of beachfront real estate and wait for the military junta to collapse. It’s a long term play, sure, and it’s pretty speculative. But it’s not as crazy as it sounds, really.
“Vietnam and Thailand have long been exposed to the region’s tourism industry,” he continued. “They’re already developed, more or less. But the real bargain in that part of the world has got to be Myanmar. It has an enormous coastline and, unlike Vietnam and Thailand, dynamite fishing hasn’t destroyed the coral reef there.
“There are literally hundreds and hundreds of miles of pristine, untouched beaches. It’s truly paradisaical…and paradises usually don’t ...
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YouTradeFX Daily Market Analysis : 28/07/2011
www.youtradefx.com
S&P 500
This morning the financial markets are registering sharp drops as a direct result of yesterdays drops on Wall Street. The reason for the falling prices is the stalemate in negotiations regarding the raising of the United States Nation Debt ceiling as well as harsh figures published in the Federal Bank's Beige book. Concerns now center on the fear that the sides involved will fail to meet the target date of the 2nd of August. If the sides fail to teach agreement by that date, then in all likelihood, the United States credit rating will be cut.
In our opinion, the present wave of drops being experienced by the S&P 500 could well be the last opportunity to catch a relatively low price on the index before the horizontal shuffling pattern reaches its end with an ...
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Dukascopy Morning Forex Overview : 28/07/2011
Previous session overview
The yen retained its strength against the euro and the dollar Thursday in Asia as traders park their funds in safe havens as sovereign debt concerns both in the U.S. and the euro zone linger.
Still, fear of a currency intervention by the Japanese Finance Ministry has made traders wary of pushing the yen higher, even though they believe such action is a little way off.
At 0450 GMT, the euro was at USD1.4359 from at USD1.4363 in late New York Wednesday. The dollar was at JPY77.84 from JPY77.98, while the euro was at JPY111.78 from JPY112.02. The U.K. pound was at USD1.6331 from USD1.6326. The dollar was CHF0.8022 from CHF0.8015.
Japan's Finance Minister said Thursday that he will continue to watch movements in the foreign exchange market, adding that he is ...
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Economic Doomsday So Far Not Materializing
The value of safe-haven assets has been given a boost by a shift away from higher yielding assets this week, though the dollar has been receiving fewer of these gains than normal. What is noteworthy, however, is the lack of dire economic shifts as most politicians and media pundits have anticipated in their day-to-day posts and commentary. Should we be concerned or relieved?
Economic News
USD - USD Pares Losses after Severe Downturn
The US dollar (USD) was seen trading mildly bullish at yesterday's close after a day of severe downturns in value. The value of safe-haven assets has been given a boost by a shift away from higher yielding assets, though the dollar has been receiving fewer of these gains than normal. What is noteworthy, however, is the lack of dire economic shifts as most ...
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Technical analysis of the GBP/USD pair on July 28th, 2011
Commentary of the GBP/USD pair :
A correction occured on the pair GBP/USD who got out of its rising wedge (on which the pair was moving).
However, we maintain to trade only long positions as far as 1.63 is support.
The breakout of 1.6450 will give a new buy signal and open the way towards 1.65.
However, if 1.63 is broken, we will be neutral between this level and 1.6250.
See the previous analysis of the GBP/USD pair of July 27th, 2011
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More Debt for Your Money
We’re here in Vancouver at Addison’s “Fight or Flight” investment symposium. More on that as the week progresses…
Yesterday, stocks went down another 90-some points on the Dow. Oil stayed just under $100. And gold is still hitting records.
According to the papers, investors are on the edge of their seats. They’re waiting to see what happens in Washington. Everybody knows that a default would be disastrous. That’s why everybody also doesn’t worry about it; ‘they won’t let it happen,’ they say to themselves.
“Neither side budging,” is a subhead from yesterday’s New York Times.
It is widely assumed – even by us – that they’re going to budge soon. Otherwise, all Hell will break loose…and they’ll be blamed. The Democrats are afraid they’ll be blamed more than the Republicans. The ...
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Dollar recovers some ground after sell-off
(Reuters) - The dollar rallied on Wednesday, cushioned against declines by a lack of further news on U.S. debt ceiling negotiations, though the uncertainty was expected to keep the rally short-lived.
The dollar earlier fell to a record low against the Swiss franc and a three-week trough versus the euro. It recovered as investors locked in profits on short positions in the greenback this week.
Analysts said the dollar's outlook remained downbeat. Most market participants believed the deficit reduction proposals being discussed in Congress fall short of the budget cuts necessary to avert a U.S. debt downgrade by ratings agencies.
The euro was also pressured after Standard & Poor's cut Greece's sovereign credit rating further into junk territory, lowering it to CC from CCC, saying the ...
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Forex - Focus Remains on US Debt Ceiling Debate
Forex News and Events:
USD continues to trade on back footing as political infighting over raising the US debt ceiling erodes the market’s confidence in the US and the USD. EURUSD pushed up to 1.4536, but with regional equities mixed was unable to trade higher. USDCHF continues to pressure the 0.8000 handle taking quick trips below the psychological level. AUD was the big winner in FX trading taking out stops above 1.10 running up to 1.1063. The catalyst was the CPI upside surprised at 0.9% vs. 0.7% q/q, 3.6% vs. 3.4% y/y exp. The rates market is still pricing in an 8bp cut (down from yesterday 22bp exp) by the year’s end. Obviously, the sudden shift in growth, inflation indicators and optimistic comment from Governor Steven suggests that a rate hike or at least a shift towards more ...
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SunBirdFX Daily Market Analysis : 27/07/2011
www.sunbirdfx.com
US stock markets are still hesitating, as the political parties have not made the necessary compromise yet. The technology sector is leading the markets, and NASDAQ closed positive. S&P 500 has retested the breaking area at 1330 points, and a strong break-down there might trigger sharper declines.
EUR/USD
The Euro broke the" bull-flag" pattern, which we analyzed yesterday, and gained more than 85 pip. It also broke through the descending trend line, a fact that increases the power of this break-up. The 20 EMA is about to cross above the 50 EMA, and that will be a strong signal that many trader will consider. The next support is at 1.46.
It looks like investors are losing their faith in the USD, since the correlation between this pair and Wall Street does not exist ...
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