Realistbear Posted May 15, 2006 Share Posted May 15, 2006 http://biz.yahoo.com/ap/060515/china_currency.html?.v=2 AP China Currency Highest Since Revaluation Monday May 15, 5:09 am ET By Elaine Kurtenbach, AP Business Writer China's Currency Rises to 7.9982 Yuan Per U.S. Dollar, Highest Level Since Revaluation SHANGHAI, China (AP) -- China's official exchange rate broke through the psychologically important 8 yuan per dollar level Monday, its highest level since a revaluation in July, in a move traders said might signal Beijing's willingness to allow its currency to appreciate faster. If the Yuan is revalued it answers the US complaint and may impact the balance of trade problems. Since China is responsible for much of the trade imbalances around the world we may see some upside in stocks again? Things are happening very fast and it is difficult to to predict who is going to say what next. Something caused the FTSE to reverse violently in the last few minutes. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted May 15, 2006 Author Share Posted May 15, 2006 Back on track again, FTSE down 82. Roller Coaster swings of unusual depth and height. A market that is confused? Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted May 15, 2006 Share Posted May 15, 2006 The pros are shaking you lot out of the picture so they can get your money & clear you off the market. Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted May 15, 2006 Share Posted May 15, 2006 The pros are shaking you lot out of the picture so they can get your money & clear you off the market. How does that work if you're already out? you might want to look in the mirror when you say that in the near future Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted May 15, 2006 Share Posted May 15, 2006 How does that work if you're already out? you might want to look in the mirror when you say that in the near future There's one shaken out. Don't worry, you can buy back in at 7,000 Quote Link to comment Share on other sites More sharing options...
dnd Posted May 15, 2006 Share Posted May 15, 2006 The pros are shaking you lot out of the picture so they can get your money & clear you off the market. Have you got "Wall Street" on DVD? Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted May 15, 2006 Share Posted May 15, 2006 Where can you get a live feed on the Footsie. Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted May 15, 2006 Share Posted May 15, 2006 There's one shaken out. Don't worry, you can buy back in at 7,000 Sorry, I thought you were making a point. Bloomberg radio, consensus, CB's Will continue to raise IR! Quote Link to comment Share on other sites More sharing options...
Hairlocks Posted May 15, 2006 Share Posted May 15, 2006 Where can you get a live feed on the Footsie. yahoo seems to be fairly up to date Quote Link to comment Share on other sites More sharing options...
dnd Posted May 15, 2006 Share Posted May 15, 2006 Where can you get a live feed on the Footsie. yahoo seems to be fairly up to date Sorry, but you guys shouldn't even be looking at the FTSE if your not even aware of how much realtime data feeds cost... Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted May 15, 2006 Share Posted May 15, 2006 Sorry, I thought you were making a point. Bloomberg radio, consensus, CB's Will continue to raise IR! Do you think they'll stick with that after a few more weeks of this? Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted May 15, 2006 Share Posted May 15, 2006 Do you think they'll stick with that after a few more weeks of this? Since when has the BoE been interested in the stock market? Quote Link to comment Share on other sites More sharing options...
CrashCrash Posted May 15, 2006 Share Posted May 15, 2006 Do you think they'll stick with that after a few more weeks of this? Every bad economic news lead to IR cut for TTRTR(so dependent on it, sad) Quote Link to comment Share on other sites More sharing options...
erd Posted May 15, 2006 Share Posted May 15, 2006 Do you think they'll stick with that after a few more weeks of this? Looks like another slow day in the estate agents office again. Too much drivel these days coming from you, onto the troll (ignore) list. Quote Link to comment Share on other sites More sharing options...
Hairlocks Posted May 15, 2006 Share Posted May 15, 2006 Sorry, but you guys shouldn't even be looking at the FTSE if your not even aware of how much realtime data feeds cost... I have no idea why I need to know how much realtime data feeds cost before I can look at the FTSE are you willing to enlighten me? I can't believe all the people with a simple FSTE 100 tracking ISA as recommend on the Motley Fool need to know how much realtime data feeds cost before they can look to see how their ISA is performing. I am even willing to bet there are some stock brokers who don't know how much a realtime data feed cost. I assumed charlie wanted somewhere with up to date information, and not a Bloomberg or Rueters terminal in his house. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted May 15, 2006 Author Share Posted May 15, 2006 DOW futures: Market Update Set Alert 08:00 am : S&P futures vs fair value: -2.7. Nasdaq futures vs fair value: -7.8. Futures versus fair value suggest that the major averages will continue last week's slide. Despite a 2.9% pullback in the price of crude easing some worries heading into the summer driving season, speculation that more "incoming data" this week (e.g. PPI and CPI) will show that inflationary pressures are mounting continues to spark valuation concerns, especially Nasdaq-listed growth stocks. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted May 15, 2006 Author Share Posted May 15, 2006 08:30 am : S&P futures vs fair value: -4.0. Nasdaq futures vs fair value: -9.5. Still shaping up to be another poor performance for equities as futures indications continue to languish below fair value. An earnings miss from Target (TGT) is doing little to quell concerns of decelerating earnings growth. Separately, May NY Empire Index checked in at 12.4 (consensus 15.0), but reaction in both stocks and bonds so far has been muted, with the 10-yr note still up 7 ticks to yield 5.16%. Futures worse before the DOW opens. Quote Link to comment Share on other sites More sharing options...
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