Bush says the economy is sound in the long term!

Bush says that the economy is sound in the long term and that is something that we all know. The problem is that the markets do not seem to know that are still very much bearish than bullish.
Just a statment from the president is not going to set things straight and it may need some deft handling by the Fed before the economy is back to square one. This is going to be one tough kitty to handle but handle they must, for the whole world is watching to see what the Fed does next!

Forex update!

The Forex market is a much better money maker than the share market ever was, as this market is governed more by logic than emotions. There are many of us who have heard a lot of the Forex market and yet do not understand the intricacies of the financial world as such. We are all left to ponder as to what the Forex is all about and how do we invest in it and what is our risk exposure and et all.

The Forex market presents an interesting opportunity for both professionals and amateurs alike, to make some good money on their returns. But some of the factors that attracts so much attention to this market is the fact that in the Forex market, one can make money both ways, whether the market goes up or goes down, unlike the share markets. And the other interesting feature of this market is that the investment you put in the market is then ‘hedged’ to a larger margin, thereby netting you greater profits.

This blog was started initially with the idea of exploring ways to make money, but then I got a lot of emails asking me for info on the Forex market as well as the metal markets. So, I have decided to give daily/weekly updates on the Forex markets, metal markets and the Oil rates. The Forex news for today is given below and hope that you will enjoy it and would make it a point to visit this blog often for such updates!

Todays update:

Yen gains against all currencies – The Yen seems to have gained almost against all the currencies listed in the board, with the current trading against the Dollar set at 108.99 per Dollar. This is due to mainly the economy woes in the United States market, the Housing muck-up and the credit crunch. The reality is that no one knows the true exposure of the Banks to the Mortgage crisis and as such, it is to be expected that the markets will be a little nervy. But the Yen, seems to be all bent on trying tom reach for the $100 level. Will this happen? That may well do so and it is the one thing that is bound to give the Japanese central bank and the government many sleepless nights to come!

Which Dollar is weaker?

The Canadian Dollar seems to be setting the record for weakening against the weakest currency today, the U.S Dollar. The Canadian Dollar ahs fallen to $1.0222 per U.S. dollar,its lowest since December. Be that as it may, one of the main causes for this fall is purported to be the job losses that the Canadian economy had to put up with quite recently.
As it is, the Dollar is setting all sorts of record for the day and one can expect that the Canadian Dollar will fall even more, come tomorrow!

the 'Ripple' effect!

With the feds cutting the rates by 50 basis points,the Indian sensex shot over the 16,000 mark posting the largest intra day gain in quite a while.this was only to be expected and the other Asian markets reacted likewise.most of the currencies rose to new heights against the U.S dollar once the news of this 'cut' hit the markets all except for one.the only currency which did not do so was the Yen and i am sure that the suppression of the Yen by the Japanese government and the Japanese central banks still continue.will this feel good feeling last,probably,at lest for the nest 2 weeks.it is like a ripple effect,every ripple creating a lot of smaller ripples and they all start from a central point.lets see what the next week brings the economic markets!

The rise of the Yen!

The yen is rising and rightly so as the dollar has gotten weak,more and more central banks are changing their reserve currency to the Yen as they rightly know that the Yen is rising and rising fast in value.of course,Japan would love a Yen that is undervalued but that is not going to happen now or ever.even Japan does not have that much liquid cash to suppress a rising Yen forever.
It is sad to see that an economically strong country like Japan to try and manipulate the currency markets to its liking.and as often in the past and the recent times as well,the Japanese central banks have flooded the market with liquid currency to support a falling dollar and to suppress a rising Yen.this has resulted in barely held hostile attitude of the world with exception of China,to such a policy.because often Japan's gain comes by 'Clumping' all over the other currencies and this so often lead to huge losses for the world.to but with all economic trends pointing to a very strong and re surging Yen and a Dollar that is heading in the range of a 'free fall',even Japan can no longer hold back the tides of the currencies.no one has that much cash and sooner or later we will see the rise of the Yen and the Yen will take its rightful place amongst the world currencies!

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