FTBagain Posted September 18, 2007 Share Posted September 18, 2007 Those Yen Dollar carry trades will also be coming under a bit of pressure. That's what I thought, but the Yen is taking an even bigger beating than the Dollar. If that keeps up then the unwinding of the Yen Dollar carry trade could reverse. Any ideas why the Yen is falling? Quote Link to comment Share on other sites More sharing options...
cells Posted September 18, 2007 Share Posted September 18, 2007 how will euroland compete with america? will euroland cut or devalue in another way, will euroland break up? the uk should do well in all this, our biggest trading parters, euroland, can now buy more from us for less! Quote Link to comment Share on other sites More sharing options...
cells Posted September 18, 2007 Share Posted September 18, 2007 That's what I thought, but the Yen is taking an even bigger beating than the Dollar. If that keeps up then the unwinding of the Yen Dollar carry trade could reverse.Any ideas why the Yen is falling? the yen is falling becuase there are so many people who expected this and put massive longs on the euro/aud/nzd, to finance that they borrowed yen! Quote Link to comment Share on other sites More sharing options...
FTBagain Posted September 18, 2007 Share Posted September 18, 2007 I ordered bullion through Goldline this morning. Haven't got a confirmation yet. You think they ran out of it? This might cheer you up. I just checked the Stirling price of gold on BullionVault. DOWN. It just currencies (think of Gold as a currency) adjusting to the new world order. Quote Link to comment Share on other sites More sharing options...
FTBagain Posted September 18, 2007 Share Posted September 18, 2007 the yen is falling becuase there are so many people who expected this and put massive longs on the euro/aud/nzd, to finance that they borrowed yen! So the deals are being closed now that the decision has been made, hence the drop, yes? I must find out how to long and short on the markets. Thanks. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 18, 2007 Share Posted September 18, 2007 This might cheer you up. I just checked the Stirling price of gold on BullionVault. DOWN. It just currencies (think of Gold as a currency) adjusting to the new world order. Gold the last few hours was rather Dollar action, true. We might see more genuine buying tomorrow. But you're right, if they tell me they screwed up the order and I can buy at cheaper prices tomorrow, I'll cheer. Quote Link to comment Share on other sites More sharing options...
Confounded Posted September 18, 2007 Share Posted September 18, 2007 (edited) DOW now within 2% of all time high! These recessions are great! Edited September 18, 2007 by Confounded Quote Link to comment Share on other sites More sharing options...
Della Posted September 18, 2007 Share Posted September 18, 2007 (edited) how will euroland compete with america?will euroland cut or devalue in another way, will euroland break up? the uk should do well in all this, our biggest trading parters, euroland, can now buy more from us for less! The Eurozone has no problems competing, the Eurozone trade SURPLUS was US$76.8 billion on an annualised basis in July, whereas the US trade DEFICIT was US$710 billion on an annualised basis. So...I don't think people in the Eurozone will be losing a lot of sleep over it. What the US economy needs is stability so that people can come up with new products that foreigners want. What the US economy will get is bad management, chaos, and military products to kill foreigners. Edited September 18, 2007 by Della Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted September 18, 2007 Share Posted September 18, 2007 Mum and Dad are off to Sarasota in a couple of months. I'll ask them to report back if anybody's jumping back into Florida's "15% down in a year" market after this cut Quote Link to comment Share on other sites More sharing options...
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