Sunday, August 14, 2016

Currency market rigging on a vaster scale than ever

March 24, 2011 by · Leave a Comment 

Yen Action Sets Scene for Return of Carry Trade By Peter Garnham and Lindsay Whipp Financial Times, London Wednesday, March 23, 2011 The billions of dollars in yen sold by the world’s most powerful central banks have sent a strong message to speculative investors. Those daring to bet that the Japanese currency will again [...]

Japan intervenes in currency market to suppress yen

September 15, 2010 by · Leave a Comment 

The currency devaluation race is on. Gold wins it standing still. * * * Japan Intervenes in Forex Market, 1st Time in 6 Years From Reuters Tuesday, September 14, 2010 TOKYO — Japan intervened in the currency market on Wednesday for the first time in six years, buying the dollar to stem a rise [...]

Capital Gold Group Report: DOLLAR DECLINE GAINING MOMENTUM: ‘Benign currency neglect’ could spell real danger for US economy – A Foreign News Perspective

October 15, 2009 by · Leave a Comment 

What’s happening to the dollar? That’s the question dominating the world’s financial markets. Last week the US currency fell, on a trade-weighted basis, to a fresh 14-month low. The dollar’s decline is now gaining momentum. By Liam Halligan Published: 7:22PM BST 10 Oct 2009 Many American economists say the greenback is falling because the global [...]

Gold eases a day after testing record high

October 13, 2009 by · Leave a Comment 

Gold fell slightly on Tuesday as investors locked in profits a day after the precious metal tested an all-time high above $1 060 an ounce. Lacklustre trade in currency markets ahead of major corporate earnings kept traders from taking large gold positions as a recent rally in the precious metal has mainly been driven by [...]

Don’t Trust the Dollar Strength

October 9, 2009 by · Leave a Comment 

The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]

Gold, Silver, Metal Prices: Friday Commentary (10/2)

October 2, 2009 by · Leave a Comment 

A Fundamental Question. Or Two. Or Three. Good Day, Gold relinquished the $1,000 level in the hours prior to yesterday afternoon’s final tick, but it was a slow, stubborn retreat. Such action persisted during the nighttime hours, fueled by additional dollar strength and profit-taking in crude oil. Today’s G-7 meeting in Istanbul might set the [...]

Gold inches above $1 000, awaits US data

October 2, 2009 by · Leave a Comment 

Gold inched back above $1 000 on Friday ahead of the release of key US employment data expected to provide direction for currency markets, currently the main driver for precious metals. If non-farm payrolls comes in weaker than the expected 180 000 job losses, it could renew fears about recovery in the world’s largest economy [...]

Commodity Currencies Rebound Versus the Dollar

September 30, 2009 by · Leave a Comment 

The Daily Reckoning Well… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once the Big Dog (euro) (EUR) didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! No… This time it was the currencies of Australia (AUD) and New Zealand (NZD) that [...]

If currency market is rigged, might gold be too?

April 17, 2009 by · Leave a Comment 

8:30p ET Thursday, April 16, 2009 Dear Friend of GATA and Gold: Treasury Secretary Timothy Geithner has taken a lot of heat for his U.S. bank bailout plan. But at least he’s cooled another controversy for now: a possible currency spat with China. In a report to Congress this week, Mr. Geithner declined to label [...]