40 replies to this topic
Posted 26 March 2012 - 09:01 PM
A blip up for the early openers: Kiwis +0.2%, Aussies +0.7%, Nikkers +1.6% and Sth Korea +0.8%.
Upward action for Aussie sectors: IT +2.4%, Healthcare +1.4% and Gold +1.2%. REITS -0.1% is the only down sector.
Posted 27 March 2012 - 01:10 AM
RBA signs $30b currency swap pact with China
The Reserve Bank said it had signed a bilateral local currency swap agreement with the People's Bank of China (PBC).
The central bank said the agreement allows for the exchange of local currencies between the two central banks of as much as $30 billion or 200 billion yuan. It is for an initial period of three years and can be activated by either party.
The RBA said the deal aimed to support trade and investment between Australia and China, particularly in local-currency terms, and to strengthen bilateral financial cooperation.
Normally payments are converted to USD and then to the individual currencies. Maybe this is a step toward the USD losing its global status as more countries deal direct...
Posted 27 March 2012 - 01:20 AM
All Ords closed +0.8%, yep right on resistance once again. In the sectors, IT +2.2%, Healthcare +1.5% were the leading sectors. Gold came in +1.2% but there was a lack of action in the general mining and materials sectors.
All green in Asia: China +0.2%, Honkers +1.4%, India +0.5% and Nikkers +1.9%.
On to UK/Europe:
Posted 27 March 2012 - 09:00 AM
It's gone from quiet to absolutely dead around here.
Stop the Madness
Posted 27 March 2012 - 09:27 AM
I think it's going to get even deader. But what happens in June when this greater fool game comes to an end? It could be spectacular.
Posted 27 March 2012 - 09:32 AM
Goldmember - Thanks for your response.
Posted 27 March 2012 - 09:38 AM
GDX acting like chit.
I just dumped it at 50.46 for +1.66.
Stop the Madness
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