We have been saying for a while now that the US Dollar is overdue for a bounce and the price action of the past week or so is starting to shape up as a possible launching pad for a more sustained rally.
December 16th, 2009 | Murray Dawes | 1 comment | ContinuedAll Posts Tagged With: "carry trade"
Greek Banks Playing the Carry Trade and Investing in Government Bonds
Another day, another country looks to be heading towards bankruptcy.
Greece was last night downgraded by ratings agency Fitch from A- to BBB+ and was placed on negative credit watch. That means there could be more downgrades to come.
The Greek budget deficit is currently 12% of GDP.
December 9th, 2009 | Murray Dawes | 3 comments | Continued
Surge in Chinese Bank Lending in 2009 Leads to Fall in Bank Capital
And while we’re on the subject of China we should relay that Citic Pacific Ltd, which is an arm of China’s largest state-owned company, is set to spend more on magnetite iron ore projects in Australia. Magnetite is a lower grade ore than the hematite ores that BHP and Rio have all but locked up in the Pilbara.
November 26th, 2009 | Dan Denning | 2 comments | Continued