Classic FX

[Depth Trade]

Last 2 weeks your prediction AUD and NZD was bad.
Also you did loose lot Intraday Trades.
But now you doing o.k. with GBP/USD Long Term Entry.
I think you getting to break even.
It's not bad.
It's good.

What are you talking about, I have never even trades NZD. Your an idiot and liar.

 

[Depth Trade]

Have entered the following position.


Gbp/usd: short 1.6266 4
S/l 1.6695 6



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1573 pips
+ 4.05%
Annualized
+ 16.24%

Still holding Gbp/usd short.


Open position
Gbp/usd: +178 pips
+0.33%

 

[Alg]

What are you talking about, I have never even trades NZD. Your an idiot and liar.

I'm talking about prediction.
But you lost lot Intrady Entries.
Now you made.
Congratulations.

 

[Depth Trade]

I'm talking about prediction.
But you lost lot Intrady Entries.
Now you made.
Congratulations.

Al, you will not last in this business no matter what you do.

Your days trading currency are numbered.

 

[Depth Trade]

Now I understand why your wife divorced you. You are a loser and scumbag.


Classic FX
Balance start date: 27/06/09
Closed trades
+ 1573 pips
+ 4.05%
Annualized
+ 16.24%


Still holding Gbp/usd short.


Open position
Gbp/usd: +178 pips
+0.33%

 

[Alg]

Now I understand why your wife divorced you. You are a loser and scumbag.

Yep, but how do you know?

 

[Depth Trade]

Have entered the following position.


Gbp/usd: short 1.6266 4
S/l 1.6695 6



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1573 pips
+ 4.05%
Annualized
+ 16.24%

Still holding Gbp/usd short.

Open position
Gbp/usd: +295 pips
+0.55%


Classic FX
Balance start date: 27/06/09
Closed positions
+ 1573 pips
+ 4.05%
Annualized
+ 16.24%



Paste
Reuters G20 will become main economic council: UK's Brown
Thu Sep 24, 2009 3:44pm EDT By Sumeet Desai

UNITED NATIONS (Reuters) - Global leaders will institutionalize the G20 as the world's main economic governing council, British Prime Minister Gordon Brown said on Thursday.

In New York for a meeting of the United Nations General Assembly before flying to Pittsburgh for the third Group of 20 leaders' summit, Brown told reporters that the body would meet regularly under a new framework from now on.

"What we are trying to do is to create a new system of international economic co-operation around the world," he said.

"It's never really happened before. We've had the G8, we've had all these organizations - we've got this one chance to make a huge success of international economic cooperation."

Brown said Shriti Vadera will leave her role as business minister in the government and become an advisor to the G20 presidency, working closely with South Korea who will take over the chairmanship of the group in 2010.

"Her expertise in this area is such that that there is no one better to do this job."

Trade minister Mervyn Davies will take over Vadera's ministerial responsibilities.

GLOBAL IMBALANCES

Brown said it was important that leaders agree they need to keep the life-support packages for their economies in place for now as the recovery was still fragile.

He said he did not expect any he did not expect any discussion on the Chinese currency at this week's G20 meeting but said: "We would like to see China importing more."

Brown noted there were $7 trillion worth of foreign exchange reserves in the world economy which he said were "not necessarily being used in a constructive way."

He said he has proposed he wanted to see the International Monetary Fund come up with an insurance scheme that would lessen some countries' need to accumulate reserves so that they could use those funds to support their economies.

Before flying to Pittsburgh later on Thursday, Brown will attend a meeting of the United Nations Security Council on nuclear non-proliferation.

"We are coming to a moment of truth with Iran," Brown said. "We will be proposing fuller and tougher sanctions."

Asked about reports of tension between him and U.S. President Barack Obama, Brown said the proof of their relationship is in their common goals and actions.

"The special relationship is strong and strengthening. And it's strengthening because there is a common purpose," he said.

 

[Depth Trade]

This is so hilarious!
YouTube - Boy George - The Crying Game

Have entered the following position.


Gbp/usd: short 1.6266 4
S/l 1.6695 6



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1573 pips
+ 4.05%
Annualized
+ 16.24%

Have exited Gbp/usd position.


Gbp/usd: +309.1
+0.51%



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1882 pips
+ 4.56%
Annualized
+ 16.98%



Paste
Housing Crash to Resume on 7 Million Foreclosures, Amherst Says

By Jody Shenn

Sept. 23 (Bloomberg) -- The crash in U.S. home prices will probably resume because about 7 million properties that are likely to be seized by lenders have yet to hit the market, Amherst Securities Group LP analysts said.

The “huge shadow inventory,” reflecting mortgages already being foreclosed upon or now delinquent and likely to be, compares with 1.27 million in 2005, the analysts led by Laurie Goodman wrote today in a report. Assuming no other homes are on the market, it would take 1.35 years to sell the properties based on the current pace of existing-home sales, they said.

Helping to stoke speculation the housing slump has ended, an S&P/Case-Shiller index for 20 U.S. metropolitan areas showed the first month-over-month increases in values since 2006 in May and June, reducing the drop from the peak to 31 percent. Echoing other mortgage-bond analysts including those at Barclays Capital Inc., Amherst cautioned that a change in the mix of foreclosure and traditional sales over different parts of the year lifted prices in the period, as the distressed share shrank.

“The favorable seasonals will disappear over the coming months, and the reality of a 7 million-unit housing overhang is likely to set in,” they said.

The amount of pending foreclosed-home supply has been boosted by more borrowers going into default, fewer being able to catch up once they do, and longer time periods to seize properties because of issues such as loan-modification efforts and changes to state laws, the New York-based analysts wrote.

A Limited Aid

Accounting for efforts to have more loans reworked to avert foreclosure makes “not much” of a difference in the shadow inventory, with optimistic assumptions leading to a 1 million reduction in the amount, they said. “And many of these borrowers would default later, if they remain in a negative equity position,” they added.

Goodman is the former head of fixed-income research at UBS Securities LLC whose team there was top-ranked for non-agency mortgage debt in a 2008 poll of investors by Institutional Investor magazine. Amherst is a securities firm specializing in trading and advising investors on home-loan debt.

The analysts didn’t forecast home prices. The Barclays analysts including Glenn Boyd, who earlier this year wrote that once it starts, the housing recovery will be dulled by a “pent- up supply” of homes from owners who have put off sales during the slump, this month predicted 8 percent further depreciation.

That’s better than the New York-based Barclays analysts’ previous forecast of 13 percent because of their view that recent data show that the end of the crash is “decidedly under way,” they wrote in a Sept. 11 report. Foreclosed-home “supply should sap the strength of the recovery in all but the most optimistic of scenarios,” they added.

 

[Depth Trade]

Have entered the following positions.


Usd/chf: short 1.0269 8

Usd/jpy: short 89.61



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1882 pips
+ 4.56%
Annualized
+ 16.98%

 

[Depth Trade]

Have entered the following positions.


Usd/chf: short 1.0269 8

Usd/jpy: short 89.61



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1882 pips
+ 4.56%
Annualized
+ 16.98%

Still holding previous positions.


Open positions
Usd/chf: -53 pips

Usd/jpy: -32 pips
-0.26%


Waiting for E-15 numbers to be released in 15 minutes, top of this coming hour.

Time (NYT) Loc Description______________________Fcst_ Prev ACTUAL
9/29 02:00 E-15 Germany August Import Prices m/m 0.6% -0.9%
9/29 02:00 E-15 Germany August Import Prices y/y -11.6% -12.6%
9/29 02:00 E-15 Germany August Retail Sales y/y n\a -1.0%
9/29 02:00 E-15 Germany August Retail Sales m/m -0.2% 0.7%

 

[Depth Trade]

Have entered the following positions.


Usd/chf: short 1.0269 8

Usd/jpy: short 89.61



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1882 pips
+ 4.56%
Annualized
+ 16.98%

Usd/chf position has hit Stop loss.


Usd/chf: -120.0 pips
-0.35%

Still holding Usd/jpy position.




Paste from bloomberg.com
Zoellick Says U.S. Dollar’s Primacy Not a Certainty (Correct)
By Daniel Whitten

(Corrects to say “easing” in quote in last paragraph.)

Sept. 27 (Bloomberg) -- World Bank President Robert Zoellick said the U.S. shouldn’t take for granted the dollar’s status as the world’s main reserve currency.

In remarks set for delivery tomorrow, Zoellick said the “next upheaval” in the international economic order is under way as emerging nations gain greater influence.

“The United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency,” according to excerpts released by the World Bank.

Policy makers from China to Russia repeatedly have called for an alternative to the world’s main currency in foreign- exchange reserves.

Zoellick’s speech to the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University in Washington echoes his previous comments about the dollar’s standing.

The trade-weighted Dollar Index has fallen 11 percent since President Barack Obama’s inauguration in January, in part because of a budget deficit projected to rise to $1.6 trillion this year as the government increases spending to boost the economy. The index measures the currency’s performance against the euro, yen, pound, Canadian dollar, Swiss franc and Swedish krona.

Defense of Dollar

U.S. Treasury Secretary Timothy Geithner last week defended the dollar’s role as the world’s reserve currency. The U.S. has a “special responsibility” to preserve confidence in its financial system, and “sustain the dollar’s role as the principal reserve currency in the international financial system,” he said at a press conference Sept. 24 in Pittsburgh, where leaders of the Group of 20 nations met.

Zoellick also will urge intensified coordination among all countries to be sure that economic growth continues while they recognize that there are still 1.6 billion people in the world without electricity.

The G-20 should become “the premier forum for economic cooperation,” Zoellick will say.

At last week’s summit, officials agreed to establish a “framework for strong sustainable and balanced growth.” Countries with significant deficits in their trade accounts promised to save more, while those with surpluses pledged to strengthen domestic demand.

Peer Review

The G-20 also established a peer-review process to monitor efforts to rebalance economies and to hand emerging nations a greater say in managing world growth.

“The G-20 summit is a good start, but it will require a new level of international cooperation and coordination,” Zoellick will say. “Peer review will need to be peer pressure.”

In the U.S., he called for a bigger role for the Treasury Department in pulling together the authority of federal agencies to regulate financial markets. Leading up to the financial crisis, “regulators and supervisors of financial institutions were no longer grounded in reality,” he said.

He also criticized central banks, saying they failed to address growing risks in the economy in the last several years.

Central banks “argued that damage to the real economy of jobs production, savings and consumption could be contained, once bubbles burst, through aggressive easing of interest rates,” Zoellick said. “They turned out to be wrong.”

 

[Depth Trade]

Usd/chf position has hit Stop loss.


Usd/chf: -120.0 pips
-0.35%

Still holding Usd/jpy position.

Still holding Usd/jpy position.


Usd/jpy: +13 pips
+0.04%



Paste
From The Sunday Times September 27, 2009
Cash-strapped sell their kidneys to pay off debts

British victims of the credit crunch are offering to sell their kidneys for £25,000 or more to help pay debts, an investigation by The Sunday Times has revealed.

At least a dozen adverts have appeared on the internet offering kidneys for sale from British “donors”. Five of the sellers corresponded with undercover journalists, who posed as friends and relatives of sick patients to negotiate sales.

One person willing to sell a kidney is a 26-year-old mental health nurse who said he needed the money to pay debts after a business he set up went bankrupt. Another is a 43-year-old taxi driver from Lancashire, who wants to raise cash to pay off some of his mortgage and buy a new kitchen.

Both men said they wanted to help those in need of kidney transplants at the same time as relieving their financial difficulties. A leading doctor said the phenomenon highlighted the need for a public discussion of the issue of selling organs.

Related Links
I've got debts, please buy my kidney
Woman denied last wish to give kidney to mother
Professor Peter Friend, a former president of the British Transplant Society, said: “The West has outlawed it for all sorts of good reasons, but the result is it goes underground. It is really important to have a debate.” Nearly 7,000 people in the UK are waiting for kidney transplants and 300 died last year while on the waiting list.

Offering to sell an organ in England, Wales and Northern Ireland is an offence under the Human Tissue Act even if the seller is planning to travel to another country for the transplant operation.

Yesterday William Henderson, the taxi driver, justified his offer to sell a kidney by saying: “I thought I was going to give another man a chance of life. I wanted to help myself at the same time. We are in the middle of a giant credit crunch.” He added: “A guy from Pakistan wanted one, but I turned him down. I think he was more buying it to sell it on. I’d rather . . . it’s got somewhere good to go.”

 

[Depth Trade]

Have entered the following positions.


Usd/chf: short 1.0269 8

Usd/jpy: short 89.61



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1882 pips
+ 4.56%
Annualized
+ 16.98%

Have exited Usd/chf and Usd/jpy positions.


Usd/chf: out 1.0390 1
-120.3 pips

Usd/jpy: out 89.85 3
-24.3 pips

-144.6 pips
-0.50%



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1737.4 pips
+ 4.06%
Annualized
+ 14.11%




The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading.

By Robert Fisk
Tuesday, 6 October 2009

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.


Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.


The Americans, who are aware the meetings have taken place – although they have not discovered the details – are sure to fight this international cabal which will include hitherto loyal allies Japan and the Gulf Arabs. Against the background to these currency meetings, Sun Bigan, China's former special envoy to the Middle East, has warned there is a risk of deepening divisions between China and the US over influence and oil in the Middle East. "Bilateral quarrels and clashes are unavoidable," he told the Asia and Africa Review. "We cannot lower vigilance against hostility in the Middle East over energy interests and security."

This sounds like a dangerous prediction of a future economic war between the US and China over Middle East oil – yet again turning the region's conflicts into a battle for great power supremacy. China uses more oil incrementally than the US because its growth is less energy efficient. The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold. An indication of the huge amounts involved can be gained from the wealth of Abu Dhabi, Saudi Arabia, Kuwait and Qatar who together hold an estimated $2.1 trillion in dollar reserves.

The decline of American economic power linked to the current global recession was implicitly acknowledged by the World Bank president Robert Zoellick. "One of the legacies of this crisis may be a recognition of changed economic power relations," he said in Istanbul ahead of meetings this week of the IMF and World Bank. But it is China's extraordinary new financial power – along with past anger among oil-producing and oil-consuming nations at America's power to interfere in the international financial system – which has prompted the latest discussions involving the Gulf states.

Brazil has shown interest in collaborating in non-dollar oil payments, along with India. Indeed, China appears to be the most enthusiastic of all the financial powers involved, not least because of its enormous trade with the Middle East.

China imports 60 per cent of its oil, much of it from the Middle East and Russia. The Chinese have oil production concessions in Iraq – blocked by the US until this year – and since 2008 have held an $8bn agreement with Iran to develop refining capacity and gas resources. China has oil deals in Sudan (where it has substituted for US interests) and has been negotiating for oil concessions with Libya, where all such contracts are joint ventures.

Furthermore, Chinese exports to the region now account for no fewer than 10 per cent of the imports of every country in the Middle East, including a huge range of products from cars to weapon systems, food, clothes, even dolls. In a clear sign of China's growing financial muscle, the president of the European Central Bank, Jean-Claude Trichet, yesterday pleaded with Beijing to let the yuan appreciate against a sliding dollar and, by extension, loosen China's reliance on US monetary policy, to help rebalance the world economy and ease upward pressure on the euro.

Ever since the Bretton Woods agreements – the accords after the Second World War which bequeathed the architecture for the modern international financial system – America's trading partners have been left to cope with the impact of Washington's control and, in more recent years, the hegemony of the dollar as the dominant global reserve currency.

The Chinese believe, for example, that the Americans persuaded Britain to stay out of the euro in order to prevent an earlier move away from the dollar. But Chinese banking sources say their discussions have gone too far to be blocked now. "The Russians will eventually bring in the rouble to the basket of currencies," a prominent Hong Kong broker told The Independent. "The Brits are stuck in the middle and will come into the euro. They have no choice because they won't be able to use the US dollar."

Chinese financial sources believe President Barack Obama is too busy fixing the US economy to concentrate on the extraordinary implications of the transition from the dollar in nine years' time. The current deadline for the currency transition is 2018.

The US discussed the trend briefly at the G20 summit in Pittsburgh; the Chinese Central Bank governor and other officials have been worrying aloud about the dollar for years. Their problem is that much of their national wealth is tied up in dollar assets.

"These plans will change the face of international financial transactions," one Chinese banker said. "America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate."

Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars. Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq.

 

[Depth Trade]

Had entered the following positions yesterday, can be verified through Collective2. I ended up being busy and was not able to post the positions on here.


Eur/usd: long 1.4732 5

Usd/cad: short 1.0433 5

Usd/chf: short 1.0307

Usd/jpy: short 89.69 6


Classic FX
Balance start date: 27/06/09
Closed trades
+ 1737.4 pips
+ 4.06%
Annualized
+ 13.23%



Dollar Reaches Breaking Point as Banks Shift Reserves (Update3)

By Ye Xie and Anchalee Worrachate

Oct. 12 (Bloomberg) -- Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.

Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase.

World leaders are acting on threats to dump the dollar while the Obama administration shows a willingness to tolerate a weaker currency in an effort to boost exports and the economy as long as it doesn’t drive away the nation’s creditors. The diversification signals that the currency won’t rebound anytime soon after losing 10.3 percent on a trade-weighted basis the past six months, the biggest drop since 1991.

“Global central banks are getting more serious about diversification, whereas in the past they used to just talk about it,” said Steven Englander, a former Federal Reserve researcher who is now the chief U.S. currency strategist at Barclays in New York. “It looks like they are really backing away from the dollar.”

Sliding Share

The dollar’s 37 percent share of new reserves fell from about a 63 percent average since 1999. Englander concluded in a report that the trend “accelerated” in the third quarter. He said in an interview that “for the next couple of months, the forces are still in place” for continued diversification.

America’s currency has been under siege as the Treasury sells a record amount of debt to finance a budget deficit that totaled $1.4 trillion in fiscal 2009 ended Sept. 30.

Intercontinental Exchange Inc.’s Dollar Index, which tracks the currency’s performance against the euro, yen, pound, Canadian dollar, Swiss franc and Swedish krona, fell to 75.77 last week, the lowest level since August 2008 and down from the high this year of 89.624 on March 4. The index, at 76.104 today, is within six points of its record low reached in March 2008.

Foreign companies and officials are starting to say their economies are getting hurt because of the dollar’s weakness.

Toyota’s ‘Pain’

Yukitoshi Funo, executive vice president of Toyota City, Japan-based Toyota Motor Corp., the nation’s biggest automaker, called the yen’s strength “painful.” Fabrice Bregier, chief operating officer of Toulouse, France-based Airbus SAS, the world’s largest commercial planemaker, said on Oct. 8 the euro’s 11 percent rise since April was “challenging.”

The economies of both Japan and Europe depend on exports that get more expensive whenever the greenback slumps. European Central Bank President Jean-Claude Trichet said in Venice on Oct. 8 that U.S. policy makers’ preference for a strong dollar is “extremely important in the present circumstances.”

“Major reserve-currency issuing countries should take into account and balance the implications of their monetary policies for both their own economies and the world economy with a view to upholding stability of international financial markets,” China President Hu Jintao told the Group of 20 leaders in Pittsburgh on Sept. 25, according to an English translation of his prepared remarks. China is America’s largest creditor.

Dollar’s Weighting

Developing countries have likely sold about $30 billion for euros, yen and other currencies each month since March, according to strategists at Bank of America-Merrill Lynch.

That helped reduce the dollar’s weight at central banks that report currency holdings to 62.8 percent as of June 30, the lowest on record, the latest International Monetary Fund data show. The quarter’s 2.2 percentage point decline was the biggest since falling 2.5 percentage points to 69.1 percent in the period ended June 30, 2002.

“The diversification out of the dollar will accelerate,” said Fabrizio Fiorini, a money manager who helps oversee $12 billion at Aletti Gestielle SGR SpA in Milan. “People are buying the euro not because they want that currency, but because they want to get rid of the dollar. In the long run, the U.S. will not be the same powerful country that it once was.”

Central banks’ moves away from the dollar are a temporary trend that will reverse once the Fed starts raising interest rates from near zero, according to Christoph Kind, who helps manage $20 billion as head of asset allocation at Frankfurt Trust in Germany.

‘Flush’ With Dollars

“The world is currently flush with the U.S. dollar, which is available at no cost,” Kind said. “If there’s a turnaround in U.S. monetary policy, there will be a change of perception about the dollar as a reserve currency. The diversification has more to do with reduction of concentration risks rather than a dim view of the U.S. or its currency.”

The median forecast in a Bloomberg survey of 54 economists is for the Fed to lift its target rate for overnight loans between banks to 1.25 percent by the end of 2010. The European Central Bank will boost its benchmark a half percentage point to 1.5 percent, a separate poll shows.

America’s economy will grow 2.4 percent in 2010, compared with 0.95 percent in the euro-zone, and 1 percent in Japan, median predictions show. Japan is seen keeping its rate at 0.1 percent through 2010.

Central bank diversification is helping push the relative worth of the euro and the yen above what differences in interest rates, cost of living and other data indicate they should be. The euro is 16 percent more expensive than its fair value of $1.22, according to economic models used by Credit Suisse Group AG. Morgan Stanley says the yen is 10 percent overvalued.

Reminders of 1995

Sentiment toward the dollar reminds John Taylor, chairman of New York-based FX Concepts Inc., the world’s largest currency hedge fund, of the mid-1990s. That’s when the greenback tumbled to a post-World War II low of 79.75 against the yen on April 19, 1995, on concern that the Fed wasn’t raising rates fast enough to contain inflation. Like now, speculation about central bank diversification and the demise of the dollar’s primacy rose.

The currency then gained 26 percent versus the yen and 25 percent against the deutsche mark in the following two years as technology innovation increased U.S. productivity and attracted foreign capital.

“People didn’t like the dollar in 1995,” said Taylor, whose firm has $9 billion under management. “That was very stupid and turned out to be wrong. Now, we are getting to the point that people’s attitude toward the dollar becomes ridiculously negative.”

Dollar Forecasts

The median estimate of more than 40 economists and strategists is for the dollar to end the year little changed at $1.47 per euro, and appreciate to 92 yen, from 89.97 today.

Englander at London-based Barclays, the world’s third- largest foreign-exchange trader, predicts the U.S. currency will weaken 3.3 percent against the euro to $1.52 in three months. He advised in March, when the dollar peaked this year, to sell the currency. Standard Chartered, the most accurate dollar-euro forecaster in Bloomberg surveys for the six quarters that ended June 30, sees the greenback declining to $1.55 by year-end.

The dollar’s reduced share of new reserves is also a reflection of U.S. assets’ lagging performance as the country struggles to recover from the worst recession since World War II.

Lagging Behind

Since Jan. 1, 61 of 82 country equity indexes tracked by Bloomberg have outperformed the Standard & Poor’s 500 Index of U.S. stocks, which has gained 18.6 percent. That compares with 70.6 percent for Brazil’s Bovespa Stock Index and 49.4 percent for Hong Kong’s Hang Seng Index.

Treasuries have lost 2.4 percent, after reinvested interest, versus a return of 27.4 percent in emerging economies’ dollar- denominated bonds, Merrill Lynch & Co. indexes show.

The growth of global reserves is accelerating, with Taiwan’s and South Korea’s, the fifth- and sixth-largest in the world, rising 2.1 percent to $332.2 billion and 3.6 percent to $254.3 billion in September, the fastest since May. The four biggest pools of reserves are held by China, Japan, Russia and India.

China, which controlled $2.1 trillion in foreign reserves as of June 30 and owns $800 billion of U.S. debt, is among the countries that don’t report allocations.

“Unless you think China does things significantly differently from others,” the anti-dollar trend is unmistakable, Englander said.

Follow the Money

Englander’s conclusions are based on IMF data from central banks that report their currency allocations, which account for 63 percent of total global reserves. Barclays adjusted the IMF data for changes in exchange rates after the reserves were amassed to get an accurate snapshot of allocations at the time they were acquired.

Investors can make money by following central banks’ moves, according to Barclays, which created a trading model that flashes signals to buy or sell the dollar based on global reserve shifts and other variables. Each trade triggered by the system has average returns of more than 1 percent.

Bill Gross, who runs the $186 billion Pimco Total Return Fund, the world’s largest bond fund, said in June that dollar investors should diversify before central banks do the same on concern that the U.S.’s budget deficit will deepen.

“The world is changing, and the dollar is losing its status,” said Aletti Gestielle’s Fiorini. “If you have a 5- year or 10-year view about the dollar, it should be for a weaker currency.”

 

[forexruta]

What is your Collective2 link?
Thank you.

 

[Depth Trade]

What is your Collective2 link?
Thank you.

Hello Forexruta, yes I can.
Here is the link, it does not show the current positions I am in to guests viewing my page.

Classic FX - a forex trading system on Collective2



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1737.4 pips
+ 4.06%
Annualized
+ 13.23%

 

[forexruta]

Hello Forexruta, yes I can.
Here is the link, it does not show the current positions I am in to guests viewing my page.

Classic FX - a forex trading system on Collective2



Classic FX
Balance start date: 27/06/09
Closed trades
+ 1737.4 pips
+ 4.06%
Annualized
+ 13.23%

I got this link Classic FX - a forex trading system on Collective2
Can you explain?
How can I get your signals?

 

[forexruta]

I got this link Classic FX - a forex trading system on Collective2
Can you explain?
How can I get your signals?

I got, but how it works?
There you made lot.
But for subscription service you did not nothing, do you?

 

[Depth Trade]

I got, but how it works?
There you made lot.
But for subscription service you did not nothing, do you?

Hello again Forexruta, yes I do offer a subscription service. Once you have opened the link I provided you, look to the right of the screen, there you will see a Tab that reads 'subscribe'. Click on this Tab and you will be shown a page where you can subscribe to my signals. These signals will then be emailed to you every week. Please see this attached link for more information on the signals you will be receiving>
https://preview.collective2.com/how_itm.htm

I also offer a Managed account service, where you can open a personal account, then have it linked to my master account and it will be positioned exactly at the same time the Manager account is positioned. Fee is 25% of profit and 3.65% of balance per year (0.01% per day). Here is the link to the Managed account service, you will need to open an account then link it to mine by following the instructions provided on the linked page>
https://fx1.oanda.com/ma/landingpad_signup_ma.shtml
?makey=BlMFCF0YWA9WSBUQF19TXElJXBFKQhUKBFAPRw==

If these options do not suit you, you can mail me a personal check along with the email address you want to receive the signals at and I will then start sending you signals on a weekly basis.
I am going to send you my phone number via Private Message, you can call me if need be.


Thank you for your interest and will talk to you later, good day
Depth Trade

 

[forexruta]

I would like Managed account service.
What is smallest account deposit?
Later I would add $20,000.00 and 50,000.00.