Showing posts with label Japan. Show all posts
Showing posts with label Japan. Show all posts
Dear readers,The USD is looking oversold here and some bounce might be expected. If you add a channel the way I did, you can see that the USD index is at the bottom of the channel. In addition, the USD just tested the psychological important 80 level – this level was rarely violated, ever.USD Index Daily Chart (note the deep oversold condition of RSI 14)Try to avoid shorting the Yen as the crowed
First Japanese gold ETF due to launch Aug. 10sourceAs well as Small-Lot Gold Futures Trading on TOCOM(100 grams per lot , margin = 12,000 Yen)sourceKorea : The government plans to establish an exchange for gold as early as next year.By Lee Hyo-sikStaff Reporter"The government plans to establish an exchange for gold as early as next year to make gold transactions more transparent and discourage
Markets normally lead the press…Japan Should Diversify Reserves, Abe Adviser Ito Says By Shigeki NozawaJuly 11 (Bloomberg) -- Japan, the largest overseas holder of U.S. Treasuries, should invest $700 billion of its currency reserves in higher-yielding assets such as stocks and corporate bonds, said Takatoshi Ito, an adviser to the prime minister.The reserves should be managed by a special fund
Gold trading is directionless, sentiment is negative as I observe at mainstream media publications.Gold markets structural developments:Small-Lot Gold Futures 100 gram gold contracts to be issued in China and Japan :"BEIJING, June 26 -- The Shanghai Gold Exchange will launch individual gold bullion trading nationwide in July by teaming up with Industrial Bank."-source"TOCOM hopes to inaugurate
Just for the record, someone needs to track these guys.Japan's Omi Recommends IMF Sell Gold ReservesJapan's finance minister said Saturday he had proposed to the International Monetary Fund's policy-steering body that the fund sell its gold reserves to cover its falling income."Japan has told (the committee): 'Why not sell gold?'" Finance Minister Koji Omi told reporters after attending the
China, Japan, Taiwan, RF lead in gold, forex reserves08.06.2006, 11.28XIANGGANG, June 8 (Itar-Tass) - - China, Japan, Taiwan and Russia are in the lead in the world in the volume of gold and foreign currency reserves, says a comparable report prepared by the Hong Kong Currency Department on the basis of the latest statistical data from different countries.Of late, the biggest holder of state
Gold is up 20$ since its last bottom one week ago. Gold is trying to break out of the 20$ range box formation and the Bollinger bands look to be expending. The top of the box is exactly at the 38 Fibonacci line. So if its basing around, this line should provide good short term support. In my opinion, it will not be long before the price of gold will make new high.The paper monies markets are less
Subscribe to:
Posts (Atom)