World finance leaders vow to tackle bank reforms!

The credit crunch as well as the mortgage crisis seems to be pushing the U.S economy on to the fast track towards recession and this is having effects on all the global markets. As it is, most of the major economies are facing the heat as a result of the credit crisis and the world consumer confidende has dipped rather low of late. Some of the major powers like China nd India are facing inflation in high figures and are busy seeking ways to contain the surging economy as well as the rampant inflation. At a recent IMF meeting, the mention of the sale of gold to the tune of $11 Billon by the IMF to shore up funds has highlighted the problem and made it amply clear that no one is immune to the current crisis, it is truly a global one onb almost all the aspects.
Recetnly some of the world financial leaders
met up to discuss the current situation and it was then decided that some of the financial regulations needs to be tightened up a bit so as to enable the world economy to handle the current crisis better. To some this may seem like closing the barn doors after the horses have bloted but the fact of the matter is that the current situation can get a whole lot worse and very quickly at that. In order to prevent that from happenkng as well as to be able to take a firm grip on the situation at hand, the world financil leaders have made the right decision by agreeing to regulate further and to revamp certain financial regulations. This certainly beats sitting in a corner and moping!

Dollar rises against the yen?

The last few days has seen the U.S dollar rise against some of the major currencies. but with not much buoyant fiscal data to support the sudden strengthening of the Dollar one can only wonder whether it is the Japanese central bank that is hiking up the value of the dollar. If this is true, then why not the other currencies? Also, since the Euro has become a favorable reserve currency for most currencies, what is Japan's position on that....

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!

Going up, going, Gone, Oil reaching for the 100$ !

The Oil scenario is not getting any brighter with the crude prices touching nearly 98$ and then settling at 97$. The middle east tension coupled with the Afghanistan blasts and the Yemen oil pipeline disaster is making the Oil shoot even higher.
At these current trends and with dropping crude inventories in the United states, the chances of Oil falling down seem slim, at the most one can expect the Crude prices to base the current rise at 95$.
The Pakistan tangle does not make things any brighter and the chances of a full blown war in the Middle east seem all the more likely as the bad news keeps getting worse. Lets not forget the Nukes in Pakistan. As things stand, people all over the world are jittery at the thought of these weapons falling into the wrong hands and the recent news of Militants capturing the border cities in Pakistan indicates that a showdown with the Pakistani military is imminent. Either way the tension factor in Pakistan and the middle east only seems to be going up and were that to happen, the Crude supplies would drop drastically. We all know what happens with the demand and supply song, with more demand and less supply the prices will surge up even further! It just is no longer possible to predict what will happen with the Crude prices as the entire Middle east geo politics keeps changing at the drop of the hat!

The Bulls crack the Whip!

With the U.S subprimes literally eating up all the gains that all of the world stock markets had made for the last few weeks,finally we have started seeing the Bulls cracking the whip all mover the world.of course with things the way they are it is going to be quite some time before everyone agrees that the Bulls are back and that the Bears have gone back into hibernation.
The Indian stock markets have improved smartly and so have the rest of the other world markets.what is more,the PNB Paribas bank that started off the whole mess have come out with a statement saying that they are not that exposed to the U.S subprimes.so this may have bolstered some of the traders confidence levels.but such sways in the market seems to indicate that the Dollar is weakening and it is only wise to note that fact and search for a new global currency.until now everything was pegged to the Dollar but of late many central banks have delinked from the Dollar and have linked up to the Yen.the outlook for the future is a weak dollar and a strong yen!but will the Bulls still stay around for that??

japan,united states,economy,bulls,

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!

japan,economy,forex,inflation,