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Some interesting currency moves today
Re: Some interesting currency moves today
The funny part is, while I worked at CS, I attended numerous compliance trainings and in them, they had these examples of other banks being in the news for all the wrong reasons, and how it is a reputational risk. This time they have their own example.
Under Brady Dougan, Credit Suisse was doing pretty well, both performance wise and reputation wise. But this guy Tham is pretty unlucky. Ever since he has come the bank is going downhill.
Here's another news today in Bloomberg:
http://www.bloomberg.com/news/articles/ ... -positions
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Under Brady Dougan, Credit Suisse was doing pretty well, both performance wise and reputation wise. But this guy Tham is pretty unlucky. Ever since he has come the bank is going downhill.
Here's another news today in Bloomberg:
http://www.bloomberg.com/news/articles/ ... -positions
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Re: Some interesting currency moves today
Wassup with oil?
I found this is a useful summing up of the current geo-politics at play right now.
'Oil foretelling the OPEC truths'
http://www.ig.com/uk/market-update/2016 ... uths-31589
I found this is a useful summing up of the current geo-politics at play right now.
'Oil foretelling the OPEC truths'
http://www.ig.com/uk/market-update/2016 ... uths-31589
'Do it or do not do it: You will regret both' - Kierkegaard
Re: Some interesting currency moves today
GBP is looking like it is heading towards it all time low against the SGD.
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Re: Some interesting currency moves today
Good for the holidays!!!Wd40 wrote:GBP is looking like it is heading towards it all time low against the SGD.
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Life is short, paddle harder!!
Re: Some interesting currency moves today
Draghi defends monetary policy after criticism from Germany
'The ECB, which left its policy unchanged on Thursday, was forced to defend its stance after German Finance Minister Wolfgang Schaeuble said low interest rates for a long period of time was "not reasonable” and that the central bank’s measures were causing “extraordinary problems” for Europe’s biggest economy. Schaeuble said Germans were concerned that low interest rates were hurting savers' finances and pensioners’ plans.
Speaking at a press conference after announcing the ECB’s latest policy announcement, Draghi responded to the claims. “We have a mandate to pursue price stability for the whole of the Eurozone not only for Germany," he said. "We obey the law, not the politicians, because we are independent."...Draghi also reiterated the need for structural reforms that included growth-friendly government policies, lower taxes, cuts to public expenditure and more investment.
A reporter at the conference asked Draghi whether he was worried that companies would stop investing due to the flow of criticism from Germany.
“A polite, lively debate may even be welcome, to help shape our policies,” Draghi said. “But criticisms of a certain type could be seen as endangering the independence of the ECB. Therefore, that can cause delays in investment, delays in taking risks.'
http://www.digitallook.com/news/interna ... 31219.html
-----
Merkel's henchman interfering again, trying to strong-arm the head of the ECB in Germany's sole national interest. The irony being that the EU exists solely to stop German interference in broader European affairs. Quite the blunt slap-down from Draghi.
and another take on it...
'German Finance Minister Wolfgang Schaeuble has said low interest rates for a long period of time was "not reasonable” and that the central bank’s measures were causing “extraordinary problems” for Europe’s biggest economy. Schaeuble said Germans were concerned that low interest rates were hurting savers' finances and pensioners’ plans.
Draghi responded to the claims by saying the ECB has a mandate to pursue price stability for the whole of the Eurozone not only for Germany.
“While the lack of any additional goodies from the ECB’s table led to some initial disappointment in markets, this was swiftly countered by a realisation that his comments continue to reinforce the idea that the central bank is in no rush whatsoever to abandon its loose policy stance, whatever the Germans might want,” IG senior analyst Chris Beauchamp said.
http://www.digitallook.com/news/market- ... 31381.html
Similar in-fighting can be expected in ASEAN too if ever it goes down the route of centralised economic policy.
'The ECB, which left its policy unchanged on Thursday, was forced to defend its stance after German Finance Minister Wolfgang Schaeuble said low interest rates for a long period of time was "not reasonable” and that the central bank’s measures were causing “extraordinary problems” for Europe’s biggest economy. Schaeuble said Germans were concerned that low interest rates were hurting savers' finances and pensioners’ plans.
Speaking at a press conference after announcing the ECB’s latest policy announcement, Draghi responded to the claims. “We have a mandate to pursue price stability for the whole of the Eurozone not only for Germany," he said. "We obey the law, not the politicians, because we are independent."...Draghi also reiterated the need for structural reforms that included growth-friendly government policies, lower taxes, cuts to public expenditure and more investment.
A reporter at the conference asked Draghi whether he was worried that companies would stop investing due to the flow of criticism from Germany.
“A polite, lively debate may even be welcome, to help shape our policies,” Draghi said. “But criticisms of a certain type could be seen as endangering the independence of the ECB. Therefore, that can cause delays in investment, delays in taking risks.'
http://www.digitallook.com/news/interna ... 31219.html
-----
Merkel's henchman interfering again, trying to strong-arm the head of the ECB in Germany's sole national interest. The irony being that the EU exists solely to stop German interference in broader European affairs. Quite the blunt slap-down from Draghi.
and another take on it...
'German Finance Minister Wolfgang Schaeuble has said low interest rates for a long period of time was "not reasonable” and that the central bank’s measures were causing “extraordinary problems” for Europe’s biggest economy. Schaeuble said Germans were concerned that low interest rates were hurting savers' finances and pensioners’ plans.
Draghi responded to the claims by saying the ECB has a mandate to pursue price stability for the whole of the Eurozone not only for Germany.
“While the lack of any additional goodies from the ECB’s table led to some initial disappointment in markets, this was swiftly countered by a realisation that his comments continue to reinforce the idea that the central bank is in no rush whatsoever to abandon its loose policy stance, whatever the Germans might want,” IG senior analyst Chris Beauchamp said.
http://www.digitallook.com/news/market- ... 31381.html
Similar in-fighting can be expected in ASEAN too if ever it goes down the route of centralised economic policy.
'Do it or do not do it: You will regret both' - Kierkegaard
Re: Some interesting currency moves today
Bloomberg - Yen Trading More Perilous Than India's Rupee as Volatility Flips http://bloom.bg/1Y9ThzV
Sent from my Redmi Note 2 using Tapatalk
Sent from my Redmi Note 2 using Tapatalk
Re: Some interesting currency moves today
More 'heart-warming' news from the EU
----------------------------------------------------
' Political Price for Supporting Merkel: Austria’s Chancellor Resigns, Calls for “New Start”
Shockwaves
On April 25, Austria’s far-right, anti-immigration platform FPÖ Freedom party picked up over 35% of the vote in the first round of national elections.
The center-right ÖVP and center-left SPÖ parties were shutout for the first time since WWII. A second round of voting is on May 22 between the Green party and FPÖ.
The vote is for president, a largely ceremonial role, but the fallout has already begun.
The effective leader of Austria is not the president but the chancellor, and today the chancellor suddenly resigned, sending shockwaves throughout the EU.
New elections are likely.'[continues]
https://mishtalk.com/2016/05/09/politic ... new-start/

----------------------------------------------------
' Political Price for Supporting Merkel: Austria’s Chancellor Resigns, Calls for “New Start”
Shockwaves
On April 25, Austria’s far-right, anti-immigration platform FPÖ Freedom party picked up over 35% of the vote in the first round of national elections.
The center-right ÖVP and center-left SPÖ parties were shutout for the first time since WWII. A second round of voting is on May 22 between the Green party and FPÖ.
The vote is for president, a largely ceremonial role, but the fallout has already begun.
The effective leader of Austria is not the president but the chancellor, and today the chancellor suddenly resigned, sending shockwaves throughout the EU.
New elections are likely.'[continues]
https://mishtalk.com/2016/05/09/politic ... new-start/
'Do it or do not do it: You will regret both' - Kierkegaard
Re: Some interesting currency moves today
One for those who are eyeing or investing in Indian stocks.
[Source: Morningstar, considered a reputable/informed/sober source of investment research]
http://www.morningstar.co.uk/uk/news/15 ... .aspx?ut=2
'India Poised to Be ‘Standout’ Global Market Over Next 5 Years
Favourable demographics, economic reforms and a growing ‘consumer’ class have helped make India a more attractive option for emerging market investors'
[Source: Morningstar, considered a reputable/informed/sober source of investment research]
http://www.morningstar.co.uk/uk/news/15 ... .aspx?ut=2
'India Poised to Be ‘Standout’ Global Market Over Next 5 Years
Favourable demographics, economic reforms and a growing ‘consumer’ class have helped make India a more attractive option for emerging market investors'
'Do it or do not do it: You will regret both' - Kierkegaard
Re: RE: Re: Some interesting currency moves today
That's where 100% of my portfolio is basedJR8 wrote:One for those who are eyeing or investing in Indian stocks.
[Source: Morningstar, considered a reputable/informed/sober source of investment research]
http://www.morningstar.co.uk/uk/news/15 ... .aspx?ut=2
'India Poised to Be ‘Standout’ Global Market Over Next 5 Years
Favourable demographics, economic reforms and a growing ‘consumer’ class have helped make India a more attractive option for emerging market investors'

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Re: Some interesting currency moves today
Dow closed last night at 17,781. Futures currently pointing to re-opening today and pinging up through 18k, a 'big round number' it's been toying with for months now.
'Do it or do not do it: You will regret both' - Kierkegaard
Re: Some interesting currency moves today
The pound is sinking without trace at the minute .....
Brexit looks to be winning!!!
Brexit looks to be winning!!!
Life is short, paddle harder!!
Re: RE: Re: Some interesting currency moves today
Yes, markets just got too complacent.Barnsley wrote:The pound is sinking without trace at the minute .....
Brexit looks to be winning!!!
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Re: RE: Re: Some interesting currency moves today
Wd40 wrote:Yes, markets just got too complacent.Barnsley wrote:The pound is sinking without trace at the minute .....
Brexit looks to be winning!!!
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I think plenty have filled their boots manipulating the market



No doubt we will be told of some "genius" who made Billions from gambling on the pound these past 2 days.
Life is short, paddle harder!!
Re: RE: Re: RE: Re: Some interesting currency moves today
May be Soros again.Barnsley wrote:Wd40 wrote:Yes, markets just got too complacent.Barnsley wrote:The pound is sinking without trace at the minute .....
Brexit looks to be winning!!!
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I think plenty have filled their boots manipulating the market![]()
![]()
![]()
No doubt we will be told of some "genius" who made Billions from gambling on the pound these past 2 days.
Sent from my Redmi Note 2 using Tapatalk
Re: Some interesting currency moves today
XE.com has stopped working, that tells you what a day it is.
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Sent from my Redmi Note 2 using Tapatalk
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