Some interesting currency moves today

[Barnsley]

everything is getting smashed. FTSE, oil, currency. cash is king?

USA cash is king... but not very good for USA exporters.

Depends , if your product is quality people will buy , if you only compete on price then yes its not ideal!!

[JR8]

everything is getting smashed. FTSE, oil, currency. cash is king?

FTSE?
Close 11-Jan 5872
Close 12-Jan 5929
Close 13-1Jan 5961

So there's a view it's beginning to perk up, though yes the last several months have been rough. Plus look at the Chinese economy, that might be perking up too (new from this evening) -> http://www.digitallook.com/news/market- ... 94859.html

Oil and Gas are being hammered, not least by OPECs intentional price-war.

[earthfriendly]

This may come handy as we watch our assets slide

https://www.facebook.com/unify/photos/a ... =3&theater

[JR8]

I'm not a 'doomster'. When would you rather buy shares, when they're cheap, or already expensive? It's only human nature that holds back from doing the former. So go and find a stock-picking algorithm, it's much easier when your emotion is removed from it and you simply let the data and maths 'tell you what to do'...

[Primrose Hill]

too busy watching my funds slide

[Primrose Hill]

http://www.moneyandmarkets.com/?p=75401 ... =MAM3420AC
what do you think? doomsayer?

[earthfriendly]

Yes. Buy low and sell high is the way to go. Unless one has use up his/her cash reserve and completely invested in the market already. Including buying a portion of his/her position at the peak. Well, at least I still have this forum . Life is not so bad after all.

[lucassmith]

http://www.todayonline.com/world/austra ... s-below-s1

wowowowowowowwow

[JR8]

what do you think? doomsayer?

Sometimes I read stuff like that and wonder whom the intended audience is. All the melodrama, instead of reasoning and rationale. What I do know though is that 'bad news sells', so doomsters are ten a penny during challenging times. And the writer?

'Larry Edelson, one of the world’s foremost experts on gold and precious metals...'

Gosh that's modest of him That being the case it's curious he doesn't even have an entry on Wikipedia.

After preaching hellfire and damnation he ends with this...
'P.S. We are on the cusp of the most profitable bull market of our lifetime. Stocks will be driven higher by powerful global undercurrents that Wall Street will either ignore or fail to understand. As the Dow doubles, some stocks will see explosive gains of 300%, 400%, 500% and more. Savvy investors who make the right moves will become very rich!'

He has something to sell to every audience it seems...

[JR8]

What's going on...
[Opinion of the FTSE, issued an hour ago]
---
'For once, Chinese markets took their lead from the Western world, with yesterday’s crash in US markets dragging both European and Asian markets with it. The issue here is that before long people will forget why they are selling, but continue to sell simply due to the fear factor.

Yesterday felt like the beginning of that. US crude inventories actually rose less than expected yesterday, which ordinarily would have been bullish for oil prices, yet once more the trend was the most important thing and everyone is looking for another reason to sell crude, which of course means the FTSE 100 in particular is dragged lower once more.[*]

Today will see traders focus upon the Bank of England provide its votes, statement and minutes as it will once more opt to keep rates on hold. In the current climate of tumbling oil prices, crashing stock markets and a likely next leg lower for inflation expectations, it is clear the UK rate hike forecasts continue to push further back day by day.'
http://www.ig.com/uk/market-update/2016 ... eins-30086

[*] The 'Oil and Gas' sector has a disproportionate representation in the index.

[Wd40]

http://www.bloomberg.com/news/articles/ ... -with-yuan


Hong Kong's currency peg could break. I wonder what it's implications will be. My company's and lots of other companies's private pension funds are managed in Hong Kong in HKD. I need to research whether these funds are HKD hedged or not. If they are not hedged then its okay as the underlying stocks values in their native currencies will shoot up if HKD falls.

Sent from my Redmi Note 2 using Tapatalk

[JR8]

I found this recap useful. During the week he opinions twice a day. Despite which sometimes come the weekend you can be so bamboozled you're grasping to get the bigger picture...
Here is this w/e's overview, highlighting China, vs UK, vs US.
https://www.spreadex.com/financials/mar ... ng-update/

[Primrose Hill]

Have a look at today's Daily Wail.
http://www.dailymail.co.uk/money/commen ... -dead.html. Very true.

[Primrose Hill]

http://www.moneyandmarkets.com/?p=75467 ... =MAM3423AC

This about china is quite true imo

[JR8]

Ah the Daily Mail, moaning about the ruined UK pensions system... again

Of more interest is the FTSE opening this morning (currently up 120) and trying to fight it's way through major resistance at 5900. If it hadn't already had to put on +120 to get to the hurdle I'd give it some hope; but I reckon it's going to run out of puff and give back some the gain and then wait for a cue from Wall Street later today...