Investment Management
On 17 November, we starting accumulating USD/JPY between ¥109.232 and ¥109.407. We advised to Buy USD/JPY up to Y109.70. PT: ¥115.00. Since our trade alert, USD/JPY has climbed to a high of Y113.14. We now see USD/JPY trading at Y125 in 2017 Six months ago Royal Bank of Scotland’s Mansoor Mohi-uddin predicted the Yen […]
Since July this year, Malaysia’s ringgit has declined by more than 12% in value against the US Dollarand Bank Negara has been unsuccessful in reigning in the currency’s decline even after intervention and a request to traders to stop selling the Ringgit offshore Global funds own more than a third of Malaysia’s government bonds, […]
Subscribers who bought USD/JPY on 17 November on our advice (28 Positions) are now making a paper profit of 34.32% in just two days The dollar posted its biggest two-week rally against the yen since 1988 amid bets that Donald Trump’s administration will pursue fiscal stimulus, boosting the U.S. economy and triggering monetary tightening. […]
India’s cash economy has been thrown into turmoil since Modi announced last week that 500 and 1,000 rupee notes would cease to be legal tender and would have to be deposited at banks by year-end, leaving about one-seventh of currency in circulation Economists say the move will be beneficial in the long-run as it […]
HSBC now sees the Chinese Yuan falling to 7.20 per dollar by the end of 2017, versus 6.90 previously. A stronger Dollar has caused HSBC to lower its forecasts for other Asian currencies as well HSBC: “The uncertainty for Asian currencies has risen after the US presidential election. Our working assumption is that the […]
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