Search results “Exchange rate dollars to brazilian real” for the 2012
Currency Exchange
A currency exchange is a company that specialises in providing foreign exchange services. If you own US Dollars and want to convert them into Brazilian Real, you would contact an exchange, get a quote and conduct the transfer. Currency exchanges tend to be a far superior way of sending money overseas as they offer a convenient and straight forward process and also tend to be substantially cheaper than banks and foreign exchange bureaus. For More Information On Currency Exchange Please Visit http://www.bestcurrencyexchangerates.net http://www.comparecurrencyexchange.co.uk http://www.currencyexchangecomparison.net
Views: 184 virginiathacker1811
Forex Power Signals on  CNY/USD, INR/USD, BRL/USD & RUB/USD
For today's Targets in Focus, Dukascopy TV journalist Navjeet Grewal interviews William W. Robbie , Fund Manager and Currency Strategist at Forex Power Signals. William discusses currency pairings CNY/USD, INR/USD, BRL/USD & RUB/USD. William tells viewers why he thinks the Chinese Yuan recently rose beyond 6.28 per dollar for the first time in 19 years.
Views: 394 Dukascopy TV (EN)
60-Second Travel Tip: Factor in REAL exchange rate
Think the exchange rate you see online is realistic? Think again -- and factor the real rate foreign money costs into your trip. For more tips and reviews, go to SFGate.com/badlatitude
Views: 413 BadLatitudeTV
Best Minor Currency to Trade
http://www.theforexnittygritty.com/forex/best-minor-currency-to-trade Best Minor Currency to Trade What is the best minor currency to trade? The economies of Brazil and Mexico, India and China, as well as Russia are growing. Increasing commerce will result in increasing currency exchange. Choosing the best minor currency to trade will depend upon a number of factors including potential profits, high volume markets, liquid markets, and evolving Forex market sentiment. In general, a prosperous economy will result in a more valuable currency. That having been said, nations such as China are accused of currency manipulation. To the extent that a nation manipulates its currency it might not be the best minor currency to trade. Such thoughts need to be part of how to develop a Forex trading system for minor currencies. Mexico The Mexican peso (MXN) is the 12th most traded in the world and the third most traded in the America's after the US and Canadian dollars, both classified as major currencies. An exception for the Mexican Peso is that it can be traded against the New Zealand dollar as well, NZD MXN. Mexico had a growth rate of 3.8 percent in 2011. A strong advantage to picking the Mexican Peso as the best minor currency pair to trade is its relatively high trading volume, especially against the US dollar. Mexico's proximity to the USA may also be helpful in looking at the fundamentals that drive Mexican currency exchange rates. Brazil Despite the strength the emerging Brazilian economy the real commonly trades only against the US Dollar, USD BRL. Brazil's economy grew 2.7 percent in 2011. The long term direction for this currency will probably be up as Brazil emerges as the super power of Latin America. How fast the rise occurs will decide if this is the best minor currency to trade. India The Indian Rupee, INR, trades against all major currencies. The country had a 7.8 percent growth rate in 2011. The same argument used for Brazil works for India. The world's largest democracy is growing rapidly which will likely drive the rupee upward as well. The openness of India's society makes where to get important Forex news less of a problem than with countries such as Russia and China. The twin factors of transparency and growth may well make the Rupee the best minor currency pair to trade. Russia The Russian Ruble (RUB) trades against the US Dollar and the Euro, USDRUB and EURRUB. Russia's economy grew by 4.3 percent in 2011. More effective development of its natural resources is Russia's trump card and a vote for the Ruble as the best minor currency pair to trade. China China's currency, the Yuan, does not float freely in an open market and the country is under repeated pressure from the European Union and the United States to let its currency rise to a market driven level. China's economy grew by 9.2 percent in 2011. Although the China current account surplus is reduced such fundamentals may still have less to do with the value of the Yuan than decisions by the Chinese hierarchy. This may not be the best minor currency pair to trade unless you have a crystal ball that tells you what the Chinese hierarchy is about to do. As usual we offer this discussion in order to stimulate thought and not as explicit advice. Do your own fundamental and technical analysis and never trade when you do not understand what the markets are doing.
Views: 1057 ForexConspiracy
Brazil's New Investment Tax Causes Global Currency Buzz: Video
Oct. 21 (Bloomberg) -- Brazil has imposed a 2 percent tax on overseas purchases of bonds and stocks to curb the real's appreciation. Bloomberg's Sara Eisen reports on this new tax and its impact on global currencies. (Source: Bloomberg)
Views: 266 Bloomberg
money+ currency conversion tool for iPhone/iPad/iPod Touch
Available in the AppStore soon! http://itunes.apple.com/us/app/money+./id534147119?ls=1&mt=8 money+ is your resource for converting to a vast number of currencies, over 160+ to be exact! Also included is simple addition, subtraction, division, and multiplication of currencies. This very easy to use interface is robust, and entails every currency one could possibly use! Once you calculate information and get the proper charts, and conversion tables you can share the information via e-mail. Now includes Gold and Silver as well as performance charts! money+ allows the following currency conversions: Australian Dollar British Pound Euro Japanese Yen Swiss Franc US Dollar Afghanistan Afghani Albanian Lek Algerian Dinar Angolan Kwanza Argentine Peso Armenian Dram Aruban Florin Australian Dollar Azerbaijan New Manat Bahamian Dollar Bahraini Dinar Bangladeshi Taka Barbados Dollar Belarusian Ruble Belize Dollar Bermudian Dollar Bhutan Ngultrum Bolivian Boliviano Bosnian Mark Botswana Pula Brazilian Real Gibraltar Pound Gold (oz) Guatemalan Quetzal Guyanese Dollar Haitian Gourde Honduran Lempira Hong Kong Dollar Hungarian Forint Iceland Krona Indian Rupee Indonesian Rupiah Iranian Rial Iraqi Dinar Israeli New Shekel Jamaican Dollar Japanese Yen Jordanian Dinar Kazakhstan Tenge Kenyan Shilling Kuwaiti Dinar Kyrgyzstanian Som Lao Kip Latvian Lats Lebanese Pound Lesotho Loti Liberian Dollar Libyan Dinar Lithuanian Litas Macau Pataca Macedonian Denar Malagasy Ariary Malawi Kwacha Malaysian Ringgit Maldive Rufiyaa Maltese Lira Mauritanian Ouguiya Mauritius Rupee Mexican Peso Moldovan Leu Mongolian Tugrik Moroccan Dirham Mozambique New Metical Myanmar Kyat NL Antillian Guilder Namibia Dollar Nepalese Rupee New Zealand Dollar Nicaraguan Cordoba Oro Nigerian Naira North Korean Won Norwegian Kroner Omani Rial Pakistan Rupee Panamanian Balboa Papua New G. Kina Paraguay Guarani Peruvian Nuevo Sol Philippine Peso Polish Zloty Qatari Rial Romanian New Lei Russian Rouble Rwandan Franc Samoan Tala Sao Tome/Principe Dobra Saudi Riyal And over 160+ different currencies from different countries!
Views: 4572 Amit Apollo Barman
Brazilians buying up Florida
CNN's John Zarrella reports on cash flush Brazilians looking and finding deals in Southern Florida.
Views: 1490 CNN Business
Germany to U.S. Show us the (Real) Money!
http://nextnewsnetwork.com Community Guidelines Disclaimer: The points of view and purpose of this video is not to bully or harass anybody, but rather share that opinion and thoughts with other like-minded individuals curious about the subject to encourage conversation and awareness.
Brazil's Perspective on the Global Economy
After emerging from the 2008 financial crisis relatively unscathed, Brazil's inevitable entrance into the club of major global powers is increasingly accepted. Stewart M. Patrick, senior fellow and director of the International Institutions and Global Governance program at the Council on Foreign Relations, and Carlos Simonsen Leal of the Brazilian Getulio Vargas Foundation discuss Brazil's perspective on global finance and international security. Simonsen says: 1. "Every sensible Brazilian" is worried about the actions of the U.S. Federal Reserve and European Central Bank. Brazil, having suffered through hyperinflation, believes their injection of liquidity into markets is "dangerous." 2. The exchange rates of the Chinese renminbi and the overvaluation of the real relative to the dollar are sources of concern for Brazil. "We are not protectionist at heart," argues Simonsen, "but if everyone is playing a game where they don't mind about liquidity and they want to devalue their currencies, we are not going to risk inflation." 3. Brazil is opening many new embassies and consulates. It is motivated not only by commercial diplomacy (cultivating broader markets for Brazilian exports), but also by a desire to have a benign influence on relations among countries. "After all, Brazil is a country that hasn't had a war in 150 years. Not many countries can say that." 4. Brazil is a strong supporter of democracy, and has many common interests with democracies. "We'd like to see democracy everywhere," says Simonsen. 5. Brazilians are divided about joining the United Nations Security Council. Opponents worry that it may be too costly, or that it's too early--or perhaps that if the time comes for Brazil to join the body, it will be because the Security Council is no longer powerful. For now, the Group of Twenty's elevation to the premier forum for global economic coordination has satisfied some Brazilian aspirations to flex its muscles around the world. This video is part of The Internationalist, a series dedicated to in-depth discussions about leveraging multilateral cooperation to meet today's transnational challenges: http://www.youtube.com/playlist?list=PL01B72D2A5341FEBD http://www.cfr.org/brazil/brazils-perspective-global-economy/p28208
Sponsor - Oi Exchange - Money Transfer - Australia -Brazil  - Best Way to send money to Brazil
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Trading Forex Markets
http://www.theforexnittygritty.com/ Trading Forex Markets The foreign exchange system is spread across the globe. The three major markets are London, New York, and Tokyo. In trading Forex markets does one give the trader an advantage over the others? Most commonly in trading Forex markets the issue for the trader is where he lives and the hours that he wants to work. Profitable currency trading may have to do with working the hours of a given market. In that case, when are the markets open? Forex Market Business Hours All markets are open during daytime business hours in their city. London is on Greenwich Mean Time. New York is six hours farther to the West and Tokyo is fifteen hours to the East. Thus when the London market is open at 9 am it is 3 am in New York and midnight in Tokyo. Trading Forex markets around the clock is possible if traders work in shifts but not so for the individual trader. Most traders tend to trade during working hours in their part of the world. However, news that is pertinent to the Euro, Swiss franc, or British Pound as well as the South African dollar, will typically break during London hours. News related to the US dollar, Canadian dollar, Mexican peso, Brazilian real and all other Western misphere currrencies will break during the New York work day. And, news relevant to the Australian dollar, Yen, Singapore or Taiwanese dollar, Yuan or Indian Rupee is likely to reak during daytime hours in Tokyo. If the news is important to you in trading Forex markets then you will either need to pick a market and then the currencies you trade or pick your urrencies and adjust your work hours. If you like to apply technical analysis of gaps in Forex trading in search of profits, being up and working when a market opens will be necessary. Day Trading During the Night Trading Forex markets is done via an internet connection and a New York based day trader can certainly get up early for the London market or arise late in the day and stay up late for the Tokyo market. In all cases online currency trading is done via a trade station, technical analysis software is the same, and in each case the trader will need to analyze the fundamentals that drive the market. An English speaker will have no problem with English language news reports pertinent to the London or New York market. However, news that breaks in Japanese may be a problem for the English speaker. The world of Forex trading is fast paced. An announcement by the Japanese central bank may not be available in English for a period of time.During that time the market may react significantly and the English based trader will have missed out.Worse, if the New York or London based trader is in a trade when big news breaks he had better have his stops set or he could sustain significant losses before he realizes that a major event has hit the market. All told, trading Forex markets can be a profitable endeavor. As in all things it requires a skill set, discipline, and time spent at the trade station. For more insights and useful information about Forex and Forex trading, visit www.TheForexNittyGritty.com. http://youtu.be/R5pb01jeUiY
Views: 199 ForexConspiracy
Today's Targets in Focus is set on Scandi currencies, USD/NOK, EUR/NOK & EUR/SEK. Dukascopy TV's Thomas Taplin brings you the run-down with FX Strategist at Nordea Markets, Ole Hakon Eek-Nielsen, as we delve deeper in to these currency pairs.
Views: 239 Dukascopy TV (EN)
Anderson Says Fed to Be Last Central Bank to Raise Rates
Feb. 16 (Bloomberg) -- Greg Anderson, currency strategist at Citigroup Inc., talks about the outlook for the Feb. 18-19 meeting of Group of 20 finance ministers and central bankers, Federal Reserve monetary policy, the U.S. dollar and some of his currency picks, including the Swedish krona, Norwegian krone, Australian dollar, Mexican peso, Brazilian real and Singapore dollar. Anderson talks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
Views: 83 Bloomberg
Roubini Says Brazil Real Overvalued; Monks May Plan IPO: Video
Dec. 18 (Bloomberg) -- Bloomberg's Erik Schatzker reports on major newsmakers in today's Movers & Shakers. (Source: Bloomberg)
Views: 236 Bloomberg
Fixed vs. Flexible Exchange Rate Regimes and Policies
Interview granted to "Nova Makedonija" 1. What is your opinion about fixed exchange rate regimes? A. Fixed exchange rate regimes are useful in crisis circumstances, when the restoration of stability and the trust of citizens, investors, and speculators is essential. Such harsh measures, usually coupled with capital controls, should be short-term and lifted immediately when the economy had picked up and expectations have settled. Maintaining a fixed-rate regime in the long-term has nefarious and dangerous consequences as the exchange rate diverges further and further from the real value of the currency, adjusted to inflation. This erodes the competitiveness of exporters, renders imports relatively cheap, distorts the price signal throughout the economy (in other words: people don't know what the real value of their currency is abroad). It also leads to speculative attacks on the currency from the outside (if the currency is convertible and traded in free foreign exchange markets) - or from the inside (in the form of a thriving black foreign exchange market.) 2. What is the connection between exchange rate policies and better economic results? A. This depends on how open the country is to the global capital markets and what percentage of its GDP is made up of international trade and various transfers from abroad (such as remittances.) As a rule, the more exposed a country is to the ups and downs of the global market, the more it should have a flexible and adaptable exchange rate policy. A country that exports and imports a lot needs to have competitive manufacturing, services (e.g., tourism), and agricultural sectors. An important part of such competitiveness is having the correct exchange rate which reflects inflation differentials, purchasing power disparities, relative advantages, and structural elements. Such constant adjustment (up AND down, for instance within a band) is excluded by a fixed rate regime. By adopting a fixed exchange rate, the country is giving up on one of its most important automatic economic stabilizers and policy tools, as Greece is discovering now to its great cost. 3. Is a fixed exchange rate good for controlling inflation? Is there a possibility to control the prices and make a correction of the value of the currency? Inflation reflects expectations of the population regarding the future level of prices. These expectations are affected by the level of stability inside the country - but also by factors outside it. In a country that is open to international trade, foreign capital flows, and foreign direct investment, external instability is far more important than internal stability. Indeed, in countries like Macedonia, Israel, and Brazil, most of the inflation comes from the outside via the soaring prices of imports such as energy products, foodstuffs, and raw materials. There is little the monetary authorities can do to affect such imported inflation. Still, it is true that a string of unannounced, arbitrary, unscripted, incomprehensible, and large devaluations will create inflation. The exchange rate policy has to be transparent, predictable, rational, and adaptable. There are dozens of countries around the world with various modesl of flexible exchange rates and, yet, with stable prices: these two are not mutually exclusive. Flexible exchange rates mean that the currency can do down (devaluation) - but also up (appreciation or revaluation.) 4. What happens to an economy if people from abroad stop sending money? Depends on: (1) What is the share of remittances in the GDP; and (2) What are the remittances used for. In most poor countries remittances constitute 10-15% of GDP and they are used by the recipients mostly for consumption. When remittances decline, consumption and GDP are adversely affected, the level of foreign exchange reserves declines, and outlays on social welfare increase. 5. Can a country defeat the trade deficit with a fixed exchange rate? The exchange rate is only one component in the overall competitiveness of the economy. Structural reforms in the public sector and various institutions; infusion of management and marketing skills; innovation; a functioning financial system; new inputs (equipment, information technology, intellectual property under license); focused and up-to- date training and re-skilling; better access to core export markets; the economic conditions in these export markets; level and relevance of the workforce's education; mentality and ethos - all these are as important as the exchange rate alone. Germany and Japan had overvalued currencies for decades and still were able to achieve prosperity and dominate international trade.
Views: 10284 vakninmusings
Your Wages Will Be Cut In Half!
Extraordinary video by NOSYS: http://www.nosys-productions.com/ The Heretic presents The Visionary Horse 237 from Video Rebel's Blog with: "Translating Zero Hedge: Your Wages Will Be Cut In Half" at; http://vidrebel.wordpress.com/2012/01/19/translating-zero-hedge-your-wages-wi... NOSYS Video Credits: YouShould by Haujobb (Evoke 2010 Invitation) Download: http://www.pouet.net/prod.php?which=54920 More Infos: http://www.evoke.eu/2010/ Haujobb: http://haujobb.scene.org/ Still: http://www.still-scene.org/ NoSYS: http://www.nosys-productions.com/ Credits: ---------- CYNIC COULD LOVE GLSL DRUMHEAD COULD ADD MORE VOCODER SOUNDS EYEBEX COULD DO MORE THAN FIX LOADING BARS HELGE COULD GET HIGH ON BOOZE MAD COULD IGNORE 4K NERO COULD MESS WITH PIXELS PIRX COULD DRIVE WITH CAR PIXTUR COULD PRETEND HE LIKES HAUJOBB Yesterday Zero Hedge ran a story that most people will never see or really understand. Zero Hedge reported that the Russians have sold off half of their US Treasury bonds over the past year. China has been dumping their dollar holdings too but still have over a trillion dollars left. Other foreigners have been dumping their dollars too. The current US inflation rate is 12%. Ben Bernanke has been creating trillions of dollars to bail out banks in Europe, to buy worthless securities from US banks and to fund the US debt. That will accelerate inflation. Inflation will go from 12% to 15% and then 20% in less than a year. The media will no longer be able to repeat the lie that the inflation rate is only 3 1/2%. Inflation will become an issue in the 2012 races for congress, Senate and the presidency. Accelerating inflation will force people overseas to dump any dollars they receive for selling Americans food, clothes, electronics, cars, oil and other raw materials as soon the transaction is completed. This phenomenon is called an increase in the velocity of money. It is a sign your economy is transitioning from an inconveniently high rate of inflation to hyperinflation. The US dollar is an international reserve currency which means that if France wants to buy food from Brazil they will likely have to use US dollars to make that transaction. In colonial America the colonists had to earn British pounds or gold to buy something from overseas. Michael Hudson in his book Super Imperialism described how the US was funding its wars by inflating the supply of currency used to settle trade. Since WW II we have been getting real goods like cars and clothes from foreigners in exchange for increasingly worthless paper. When Hudson explained this to the Pentagon, a general said, "Wow. We are ripping people off." I would define hyperinflation as beginning at 25% for an international reserve currency like the dollar. That is why when inflation surged in the latter part of the Carter presidency (1979-1980) Chairman of the Federal Reserve Paul Volcker raised interest rates. Home mortgages went to 15 1/2%. Ben Bernanke cannot raise interest rates today. His only option would be to devalue the dollar which is what he said he would do in that now infamous speech he made in Washington DC on 11-21-2002. That means after the 2012 elections the Russians, the Chinese, Iran, Venezuela plus their clients states and a few other nations can and will force a devaluation of the dollar by refusing to accept Federal Reserve Notes in international trade. If Americans balk, China just has to dump a hundred billion dollars and buy commodities driving the price of food out of the reach of WalMart shoppers. Of course I realize the Chinese will just be doing what the bankers want them to do. An international conference will be held at which the dollar will be devalued by about 40% as predicted by Bernanke. This will complete that 50% pay cut I have been predicting. The Chinese will have dumped most of their dollars before the conference so that their economy will not be harmed by a dollar devaluation. If Americans can't afford to buy Chinese products, China will just sell them to people whose currencies were revalued upwards. I would suggest you buy storable food, silver coins (not collectibles) and household items that will just increase in cost. Of course this was all planned long ago by the bankers. I will conclude with this quote from a previous essay: The Fundamental Fact of Your Existence as a modern man or woman is that the bankers of New York and London want to reduce you to Debt Slavery. Accept that fact and move on to the solution. And I also said: That is their plan for you. What is your plan for them? Uploaded by Snordelhans on Jan 20, 2012 http://www.youtube.com/watch?v=cJg99tGolNI
Views: 3019 David Seaton
China and Japan To Start Direct Currency Trading
China and Japan have agreed to start trading their currencies directly starting June 1. Previously, China allowed its currency, the yuan, to be traded only against the U.S. dollar. The People's Bank of China said on Tuesday that it has authorized the change in order to improve the foreign exchange market, develop China's capital markets, and promote cooperation with Japan. Meanwhile, Japanese Finance Minister Jun Azumi said that bypassing the dollar will revitalize Tokyo markets by reducing transaction costs and increasing trading convenience. This decision will streamline foreign exchange dealings between China and Japan and strengthen the relationship between the world's second- and third-largest economies. China and Japan are also America's largest creditors, so any deal that allows both countries to move away from the dollar also has the potential to destabilize the dollar. For more information on this developing danger, read our article "The End of the Dollar System" at www.theTrumpet.com. The Trumpet has long predicted a Sino-Japanese alliance. That alliance will ultimately challenge the Western powers. For more information on this development, read our free booklet Russia and China in Prophecy on www.theTrumpet.com.
Views: 977 The Trumpet Network
21. Exchanges, Brokers, Dealers, Clearinghouses
Financial Markets (2011) (ECON 252) As the starting point for this lecture, Professor Shiller contrasts the view of economics as the theory of the allocation of scarce resources with the view of economics as the study of exchange. After a discussion of the difference between brokers and dealers, he outlines the history of securities exchanges from ancient Rome, to the Amsterdam Stock Exchange and Jonathan's Coffee House in London, until the formation of the New York Stock Exchange. He complements this historic account with an overview of securities exchanges all over the world, covering India, China, Brazil, and Mexico. An example of a limit order book allows him to elaborate on the mechanics of trading at the National Association of Securities Dealers Automatic Quotation System (NASDAQ). Subsequently, he turns his attention to the growing importance of program trading and high frequency trading, but also discusses their impact on the stock market crash from October 19, 1987, as well as on the Flash Crash from May 6, 2010. When talking about fairness in financial markets, particularly with regard to the relation between private investors and brokers, he discusses the National Market System (NMS), the Intermarket Trading System (ITS), and consolidated quotation systems. He concludes this lecture with some reflections on the operations of dealers, addressing the role of inside information and the Gambler's Ruin problem. 00:00 - Chapter 1. Exchange as the Key Component of Economic Activity 05:50 - Chapter 2. Brokers vs. Dealers 12:25 - Chapter 3. History of Stock Exchanges around the World 24:28 - Chapter 4. Market Orders, Limit Orders, and Stop Orders 36:15 - Chapter 5. The Growing Importance of Electronic Trading 44:46 - Chapter 6. Instabilities Related to High Frequency Trading 59:14 - Chapter 7. The Frustrations as Trading as a Dealer Complete course materials are available at the Yale Online website: online.yale.edu This course was recorded in Spring 2011.
Views: 68725 YaleCourses
Brazilians buying Florida
They are streaming into Miami flush with cash - buying up real estate, going on shopping mall spending sprees.
Brazil warns QE3 could spark currency wars
US Quantative Easing comes under fire by Brazil's Finance Minister, suggesting the latest boost will reignite currency wars with potentially drastic consequences for the rest of the world. Broadcast Journalist Jennifer Cordingley investigates.
Views: 193 Dukascopy TV (EN)
Forex Rollover and Swap
http://www.onestepremoved.com/forex-rollover-swap/ An explanation of how rollover and swap works in the forex market. Interest rates are based on overnight lending rates, which are then applied to leveraged forex trades.
Views: 17353 Shaun Overton
#Anon #NewZ 29 Countries Dumping US Dollar in Bilateral Trades.
#Anon #NewZ 29 Countries Dumping US Dollar in Bilateral Trades. http://sirratatap.com/category/banking/29-countries-dumping-us-dollar/ More:Yuan begins trading against the rouble [link to www.bloomberg.com India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees[link to www.bloomberg.com India and Japan sign new $15bn currency swap agreement[link to www.commodityonline.com Brazil-China bilateral trade in Real and Yuan instead of US dollar[link to en.mercopress.com] RI, China considering shift to rupiah, yuan for settling trade[link to http://www.bullionbullscanada.com/ The Rise of the Chinese Yuan[link to http://online.wsj.com/home-page Thursday, January 26, 2012 China, Japan, Russia, Iran and India...... (29 countries) ...... DUMPING the dollar in bilateral trade (updated: list inside) For anyone wondering how the abandonment of the dollar reserve status would look like........a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate. The list of countries dumping the dollar in bilateral trade: Brazil Argentinia China Indonesia India Iran UAE Belarus Hong Kong South Korea Russia Japan Malaysia Venezuela Syria Cuba Turkey Dubai+ 11 OTHER LATIN AMERICAN COUNTRIES
Views: 531 TheAnonymouse01
#Anon #NewZ 29 Countries Dumping US Dollar in Bilateral Trades.
#Anon #NewZ 29 Countries Dumping US Dollar in Bilateral Trades. http://sirratatap.com/category/banking/29-countries-dumping-us-dollar/ More:Yuan begins trading against the rouble [link to www.bloomberg.com India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees[link to www.bloomberg.com India and Japan sign new $15bn currency swap agreement[link to www.commodityonline.com Brazil-China bilateral trade in Real and Yuan instead of US dollar[link to en.mercopress.com] RI, China considering shift to rupiah, yuan for settling trade[link to http://www.bullionbullscanada.com/ The Rise of the Chinese Yuan[link to http://online.wsj.com/home-page Thursday, January 26, 2012 China, Japan, Russia, Iran and India...... (29 countries) ...... DUMPING the dollar in bilateral trade (updated: list inside) For anyone wondering how the abandonment of the dollar reserve status would look like........a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate. The list of countries dumping the dollar in bilateral trade: Brazil Argentinia China Indonesia India Iran UAE Belarus Hong Kong South Korea Russia Japan Malaysia Venezuela Syria Cuba Turkey Dubai+ 11 OTHER LATIN AMERICAN COUNTRIES
Views: 212 Guy Fawkes
Brain-Dead Teen, Only Capable Of Rolling Eyes And Texting, To Be Euthanized
The parents of 13-year old Caitlin Teagart have decided to end her life, saying she can now do nothing but lay on the couch and whine about things being "gay." Subscribe to The Onion on YouTube: http://bit.ly/xzrBUA Like The Onion on Facebook: http://www.fb.com/theonion Follow The Onion on Twitter: http://www.twitter.com/theonion
Views: 16303651 The Onion
Currency Wars: Exchange Intervention in a Floating World
Macroeconomics Presentation: In order to expedite recovery from the 2008 economic crisis, countries are devaluing their currency to make their exports more affordable and competitive. This paradoxical 'fight to be weak' has escalated into currency wars, which have potential to develop into trade wars and stifle world-wide economic growth. This video addresses three currency war cases in Switzerland, Brazil and China, and defines related macroeconomic factors. Here's a link to the transcript and citations if you'd like to follow through on any of the themes: http://brienne.yolasite.com/currency-wars-by-brienne-thomson.php
Views: 3076 Brienne Thomson
Gold-rich Haiti eyed by foreign investors
Subscribe to our channel http://bit.ly/AJSubscribe A gold rush is shaping up in Haiti. Billions of dollars of precious metals are thought to be buried in the hills. So far Canadian and American mining companies have invested more than $30m collecting samples, building roads and digging. Nearly 15 percent of Haiti's territory is now under license to North American mining firms. While the gold rush is attracting the interest of international investors, locals in the country where 70 per cent of people are unemployed fear the companies' promises will not be upheld. Al Jazeera's Rachel Levin reports from Trou-du-Nord in northern Haiti. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
Views: 19786 Al Jazeera English
Nigeria: Nigerians speak on introduction of 5000 Naira note
► Subscribe to BattaBox on YouTube: http://goo.gl/4dgy2r (Nigeria News) The introduction by Lamido Sanusi and the Central Bank of Nigeria of the new 5000 Naira note is causing huge controversy across the country... with many Nigerians believe the new note will simply make it easier for the politicians to steal more money. "I think it is the politicians that are behind it to carry money in their pocket rather than use Ghana-Must-Go bag," said one marketer. "If you are carrying one million Naira in your pocket - no one will know you are carrying the money." According to Nigeria's National Bureau of Statistics over 60% of Nigerians in 2010 were living in "absolute poverty" - this means almost over 100 million people living on less than a 'dollar a day'. At the current exchange rate, the new 5000 Naira is about $30 - which for most people is a month's wages in just one note. "Anytime they want to build house - they will go and use it to build house. They want to buy plane, they buy plane. They want it to use car, they go and buy car - so they will not carry the money so big," said another man. "They want to carry billions of money in little quantity." Sanusi has stated in newspaper reports he hopes the N5000 will help promote the Central Bank's cashless policy, curb inflationary pressures and improve the quality of bank notes. Nigerian banks are set to release the new note in January, 2013. And not everyone opposes the introduction of the new note: "If Sanusi thinks it's best for Nigerians- so be it. I don't have anything against it," explained a businessman in Lagos. In the markets of Lagos, many people still trust Sanusi after his crackdown on the corruption in Nigerian banks in 2009, but they are worried that they will still be negatively affected. "We know Sanusi did it to forestall the stealing that is up there, but we in the market are not doing any stealing - but the thing still affects us." Regardless of the reasons for the new note, one Yoruba mother worries about the effect of the such a large denomination on the morals of the country: "We don't want the N5000 because we don't want them to use our children for money rituals," she explains. "The Introduction of the N5000 Note is not the solution to Nigeria's problem. Let the government provide jobs for the graduate." **** CLICK HERE TO SUBSCRIBE FOR NEW BATTABOX VIDEOS EVERYDAY: http://goo.gl/vJfFY ... YouTube: http://www.youtube.com/user/BattaBox ... Website: http://BattaBox.com ... Google+: http://www.google.com/+BattaBox ... Twitter: http://twitter.com/BattaBoxNigeria ... Facebook: http://www.facebook.com/BattaBox **** BattaBox is Nigeria's most exciting Nigeria News & Entertainment channel based in Lagos! We are the fact behind Nigerian Movies fiction, Nollywood in real-life and much more! **** Thank you for supporting BattaBox by clicking "Subscribe" and sharing the video with your friends with the buttons below! -- #BattaBox #BattaBoxNG #Nigeria #NigerianComedy #NigerianMusic #NigeriaFashion #NigerianNews #HowTo #Shocking
Views: 8817 BattaBox
Maher Says Fed Easing Not Fully Priced Into Dollar: Video
Oct. 4 (Bloomberg) -- Daragh Maher, deputy head of global foreign-exchange strategy at Credit Agricole SA, discusses factors affecting the currency market, including a possible further monetary easing by the Federal Reserve. Maher speaks with Margaret Brennan on Bloomberg Television's "InBusiness." (Source: Bloomberg)
Views: 158 Bloomberg
Real Money Auction House Diablo 3 launched in europe
Feeling sexy today? Prove it by clicking here http://bit.ly/subscribefasciz ;) The Diablo® III real-money auction house is now available in the Europe and America game region for the U.S. dollar, Australian dollar, GBP, EUR and Mexican peso. With the real-money auction house, players will be able to buy and sell the loot they find in the game using actual currency via approved third-party payment services or using their Battle.net® Balance. The real-money auction house for the Europe game region and the remaining Americas game region currencies (Chilean peso, Argentine peso, and Brazilian real) will launch in the near future. We are rolling out elements of the real-money auction house separately to ensure all of our players have the smoothest possible experience. We'll have more information on the availability of the European real-money auction house and the remaining Americas currencies soon To access the real-money auction house, click on the "Auction House" button on the left-hand side of the campaign screen, and then on the button showing your region's currency in the upper right-hand corner of the auction house interface. This will switch you between the gold- and real-money auction houses. Latin American players will have access to trade using the United States dollar, Australia dollar and Mexican peso.
Views: 606 LearnExcel
Empire - Extra: It's the 'stupid' economy
Subscribe to our channel http://bit.ly/AJSubscribe Over the last four years the US household income has declined by almost 10 per cent. One in ten adults is unemployed and one in six is living on food stamps. The recent occupy protests are just the latest to question the American dream.
Views: 3185 Al Jazeera English
Exchange controls in Argentina
The Central Bank of Argentina said the country has no shortage of American dollars and said its decision to bar savers buying foreign currency seeks to prevent idle money, defending thus saving in pesos and eliminating the mortgage loan dollarization. teleSUR http://multimedia.telesurtv.net
Views: 171 TeleSUR English
Lex van Dam Financial Education: 5-Step-Trading®; "Million Dollar Traders" TV - Step 5: 10-3 rule
To enroll on Lex van Dam's online courses/educational packages & to join our Online Financial Education & Trading Academy please visit www.lexvandam.com Lex van Dam Financial Education (www.lexvandam.com) is the brainchild of Lex van Dam - the man behind 5-Step-Trading® and Million Dollar Traders, which aired on the BBC. While Lex continues to teach trading and investing to an ever-growing global following of novice and experienced traders, Lex van Dam Financial Education is here to serve an even bigger purpose: we aim to provide unbiased financial education that empowers people to make the best decisions for their particular financial circumstances. Learn how to trade in any market with the world's most authentic Investor Education on www.lexvandam.com! LEARN FX, STOCKS, COMMODITIES AND SPECIALIST TRADING STRATEGIES WITH THE REAL MILLION DOLLAR TRADER: 1. MILLION DOLLAR TRADERS COURSE. Proven theory. Current markets. Learn how to trade FX, stocks, commodities and technical strategies in one comprehensive course combining high definition videos, exclusive tools, and specialist expertise. http://lexvandam.com/en/million_dollar_traders_course 2. TRADING CLUB. Exclusive analysis of current markets and trading opportunities within FX, stocks, precious metals and more. Gain professional insight from experienced traders each month and exchange ideas with Lex in-person at the Trading Club meetings. http://lexvandam.com/en/trading-club 3. TRADING ACCOUNT. Open your Academy Account and get FREE Trading Club membership, plus exclusive videos and Academy Credits to help you get started. http://lexvandam.com/en/academy_trading_account All programs include: IN-DEPTH ANALYSIS OF CURRENT MARKET THEMES LATEST MARKET INTELLIGENCE AND EXCLUSIVE RESEARCH PROFESSIONAL INSIGHT INTO POTENTIAL TRADING OPPORTUNITIES Why we are different to other educators? REAL TRADERS→ The only program in the world run by a real hedge fund manager. We don’t hire failed traders from banks. PROVEN METHODS→ Learn how Lex approaches the market based on twenty-plus years of successful trading. CURRENT MARKETS→ Markets change, and our courses move with them. We believe that current content produces successful traders, sooner. DESIGNED AROUND YOU→ Our programs are interactive and everyone has the opportunity to learn at their own pace with dedicated support. PROFESSIONALLY RECOGNISED→ Our courses are CFP® and IMCA® Board-approved. As an accredited Continuing Education provider, when you learn with us, you earn with us. Disclaimer: Our courses are for educational purposes only and do not serve as investment or trading advice.
RBC's Rendell Says Chilean Peso May Have Further to Fall
Jan. 6 (Bloomberg) -- Nigel Rendell, senior emerging-market strategist at RBC Capital in London, talks about the outlook for the Chilean economy after the central bank began a $12 billion dollar-buying program, the largest in Chile's history. He speaks with Andrea Catherwood on Bloomberg Television's "The Pulse."
Views: 185 Bloomberg
Numerix Video Blog: ICE Unveils Two New FX Futures Contracts - Examining the Market Impact
http://blog.numerix.com | In this video blog, James Jockle, SVP of Marketing, and Udi Sela, 20-year FX veteran and Vice President of Client Solutions discuss the launch of two new FX futures contracts on IntercontinentalExchange Futures U.S. (ICE) -- the Indian rupee/U.S. dollar and Brazil real/U.S. dollar. Udi elaborates on the rising importance of emerging economies and how ICE will benefit from bringing these particular pairs to market. Udi notes the implications for these currencies on collateral and the significant role they will play in the years to come.
Views: 148 numerixanalytics
Payment of 353 000 roubles in Russia  $11 387
MMM 2012 Payment of 353 000 roubles in Russia. $11 387 Registration in MMM AFRICA is at the official site by our link http://www.sergey-mavrodi.com/?i=kalychnikov A motto of MMM Africa is TODAY YOU HAVE HELPED SOMEONE, TOMORROW YOU WILL BE HELPED OUT! Receive up to 55% per month for your deposits! The official site of MMM http://sergey-mavrodi.com A translation of it for participants in Africa http://mmm-africa.com
Views: 91 Vanya Kalychnikov
Investing With A Devaluing Dollar
Investing When the Dollar Is Declining
97% Owned - Economic Truth documentary - How is Money Created
If you like 97% Owned support our future documentaries on Patreon: https://www.patreon.com/independentdocumentary or Liberapay https://liberapay.com/IndependentPOV Watch our newest documentary The Spider's Web: Britain's Second Empire: https://www.youtube.com/watch?v=np_ylvc8Zj8 97% owned present serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of Central Banks and the Money creation process. When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down? A film by Michael Oswald, Produced by Mike Horwath, featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign. Help us translate this video: http://www.youtube.com/timedtext_video?ref=share&v=XcGh1Dex4Yo or contact us on [email protected] Brought to you by: http://hushhushvideo.com/ and http://queuepolitely.com/
Views: 2335424 Independent POV
Maher Sees Dollar Remaining as Favored Reserve Currency: Video
Feb. 1 (Bloomberg) -- Daragh Maher, deputy head of global currency strategy for Calyon, talks with Bloomberg's Deirdre Bolton and Erik Schatzker about the outlook for the dollar and euro. Maher also discusses Greece and Spain's debt challenges. (Source: Bloomberg)
Views: 78 Bloomberg
Chile Winter Term 2012:  Chilean Currency
In this video I talk about the Chilean currency and what its approximate US value was during my study abroad trip.
Views: 1488 dperez432
HSBC's Neumann Says China `Trapped' by Currency Dilemma
Jan. 20 (Bloomberg) -- Frederic Neumann, an economist at HSBC Holdings Plc, discusses the Chinese economy, exchange-rate policy and the risk of inflation. China's growth accelerated to 9.8 percent in the fourth quarter as industrial production and retail sales picked up, driving stocks lower on speculation that an interest-rate increase may be imminent. Neumann speaks with Mark Barton on Bloomberg Television's "Countdown."
Views: 265 Bloomberg
13. Banks
Financial Markets (2011) (ECON 252) Banks are among our enduring of financial institutions. Their survival in so many different historical periods is testimony to their importance. Professor Shiller traces the origins of interest rates from Sumeria in 2000 BC, to ancient Greece and Rome, up to the Song Dynasty in China between the 10th and the 12th century. Subsequently, he looks at banking in Italy during the Renaissance and at the goldsmith bankers in 16th and 17th century England. Banks have survived so long because they solve adverse selection and moral hazard problems. Additionally, he covers Douglas Diamond's and Philip Dybvig's model, which does not only analyze the banks' role for liquidity provision, but also reveals the possibility of bank runs. This leads Professor Shiller to deposit insurance as a means to prevent bank runs. He discusses the Federal Deposit Insurance Corporation as well as the Federal Savings and Loans Insurance Corporation, together with the role that the latter played during the savings and loan crisis of the 1980s. The necessity to regulate banks in the presence of deposit insurance results in a discussion of the role of the Basel commission and an explicit calculation to illustrate the core principles of Basel III. At the end, Professor Shiller provides an overview of financial crises since the beginning of the 1990s, with the Mexican crisis of 1994-1995, and the Asian crisis of 1997. 00:00 - Chapter 1. Introduction 02:52 - Chapter 2. Basic Principles of Banking 10:46 - Chapter 3. The Beginnings of Banking: Types of Banks 24:00 - Chapter 4. Theory of Banks: Liquidity, Adverse Selection, Moral Hazard 33:03 - Chapter 5. Bank Runs, Deposit Insurance and Maintaining Confidence 41:07 - Chapter 6. Bank Regulation: Risk-Weighted Assets and Basel Agreements 53:27 - Chapter 7. Common Equity Requirements and Its Critics 01:02:49 - Chapter 8. Recent International Bank Crises Complete course materials are available at the Yale Online website: online.yale.edu This course was recorded in Spring 2011.
Views: 77704 YaleCourses
Understanding the National Debt and Budget Deficit
In which John discusses the US national debt, the federal budget deficit, plans for shrinking or eliminating the deficit, and tries to provide some context to the political rhetoric and statistics that are constantly thrown around in an election season. Along the way, I hope you'll understand why the United States' sovereign debt hasn't led us to an economic crisis, but also why budget deficits need to shrink in order to ensure that credit remains inexpensive and the US continues to enjoy the trust of the world economy. (Friendly reminder: Educational videos, by extensive precedent, are allowed to be longer than 4:00.) Here's why I think the gold standard is a bad idea: 1. By restricting money supply to the supply of gold, you risk shrinking the money supply just because of a shock leading to a disruption in supply from mining. This creates a lot of volatility in the money supply for no reason. 2. The gold standard limits a government's ability to respond to changes in the market, which can (and has) led to unescapable deflationary spirals. 3. Far from inspiring investor confidence, its implementation would crush it: http://www.ocregister.com/opinion/gold-369936-standard-money.html Posters and stuff: http://dftba.com My tumblr: http://fishingboatproceeds.tumblr.com My twitter: http://www.twitter.com/realjohngreen HERE ARE A LOT OF LINKS TO NERDFIGHTASTIC THINGS: Shirts and Stuff: http://dftba.com/artist/30/Vlogbrothers Hank's Music: http://dftba.com/artist/15/Hank-Green John's Books: http://amzn.to/j3LYqo ====================== Hank's Twitter: http://www.twitter.com/hankgreen Hank's Facebook: http://www.facebook.com/hankimon Hank's tumblr: http://edwardspoonhands.tumblr.com John's Twitter: http://www.twitter.com/realjohngreen John's Facebook: http://www.facebook.com/johngreenfans John's tumblr: http://fishingboatproceeds.tumblr.com ====================== Other Channels Crash Course: http://www.youtube.com/crashcourse SciShow: http://www.youtube.com/scishow Gaming: http://www.youtube.com/hankgames VidCon: http://www.youtube.com/vidcon Hank's Channel: http://www.youtube.com/hankschannel Truth or Fail: http://www.youtube.com/truthorfail ====================== Nerdfighteria http://effyeahnerdfighters.com/ http://effyeahnerdfighters.com/nftumblrs http://reddit.com/r/nerdfighters http://nerdfighteria.info/ A Bunny (\(\ ( - -) ((') (')
Views: 972305 vlogbrothers
Forex Pakistani Rupee Rate
Forex Pakistani Rupee Rate
Views: 6215 Soniavn7991
Karatbars International Gold Money - With Kelly Ann Pope
Karatbars International Earns 6 Digit Income for Many. Karatbars International Power Wealth Affiliate Network "Showing" you how to easily earn Weekly & Monthly Income Streams. Choosing Karatbars International Gold Bullion will put you on the winning side of worldwide debt crisis in get you into gold money. We have before us Fiscal Irresponsibility & Currency Crisis to Deal With. 10% deficit to GDP is fiscally irresponsible, which is a perfect tailwind to gold in smaller weights and if you look further to what you have before you in Karatbar International; you will understand full circle. Karatbars International are all exchanging our declining Fiat Currency for Gold Karatbar bullion that is constant and is evident not to go Bankrupt. There is No Cost to register for this private pension plan @ Karatbars International & Take A Look Around first. Learn How to Earn a 6 Digit Income with KaratBars International with the Wealth Affiliate Network & Preserve Purchasing Power http://kellyannpope.com/category/power-wealth-affiliate-network Register @ www.visionfreedom.info You do not need to buy gold each month to qualify for commissions with Karatbars international. Continue to read about Karatbars info and learn why we sale in grams is because the person simply cannot afford to save an ounce at a time because gold price per ounce is just not a reasonable idea for consideration. Businesses all over the world are being setup to accept Karatbars for product and services. You can store your Karatbars for free at Karatbars and then convert them back to cash in your account. The cash can be put on the Mastercard and withdrawn from there. Karatbars pays you to buy Gold. We are gifted with trips, gold, homes and cars for spreading the good word about Karatbars International. Karatbars has the best price for LBMA certified spendable Gold. There's only a hand full who makes spendable gold in grams increments. Gold prices fluctuate throughout the day. We use cost averaging to convert our cash into Gold. It only takes two people to earn weekly and get your gold for free. Research our compensation plan. I'll take owning more Gold each month over the sites that quit paying or buying over priced food supplements taking up space in my garage. Karatbars now provides us with 1 free landing page. Karatbars is legit, and you can build a career working with Karatbars. Know your gold facts The Karatbars Gold bars are LBMA certified, they are trusted by top consumer watchdogs and the Vatican. You need $100 today to buy what you could get for $2.00 in 1913. Look into what happened to Turkey and Romania in 2005, Argentina in 1992, Russia in 1998, Germany in 1923, or Bizone/Trizone in 1948. Experts are expecting our cash to loose purchasing power faster than it ever did before. It can and is happening to the US, look at the dept crisis we are in at this very moment: It's not getting any better. I'm acting fast! I suggest you do as well. "Karatbars International is becoming the fastest growing company in the fastest growing industry on the planet! The GOLD sales industry is growing at a staggering rate, and Karatbars International is growing right along with it. People around the world are waking up to the deception of the paper money, and are looking to Karatbars to convert their savings into GOLD. As an affiliate with Karatbars, you have the tremendous opportunity to build a REAL business and profit from this global wealth transfer of paper money into GOLD. Karatbars is the BEST out of all the affiliate marketing programs Get on board with me & show you how we "DO" this! Register at www.visionfreedom.info Kelly Ann Pope www.kellyannpope.com 623.239.9723
Views: 1600 Kelly Ann Pope
Reducing Risk for Sex Workers in Mexico
Female sex workers in Tijuana and Ciudad Juarez are at high risk of becoming infected with HIV. So are their clients, many of whom come from the U.S. Researchers from UC San Diego say a brief counseling session can help reduce sex workers' risky behavior. KPBS Health Reporter Kenny Goldberg says a new study tested this intervention in the two Mexican border cities. (Video by Katie Euphrat)
Views: 2124266 KPBS News
QE3 Another Fed Give Away to the Banks
Michael Hudson: Shoveling money to the banks not meant to create jobs, it's a way to give banks even more speculative capital and prepare them for another meltdown
Views: 13363 The Real News Network
Global Finance Chiefs Fail to Resolve Currency Spat: Video
Oct. 11 (Bloomberg) -- Leaders of the world economy failed to narrow differences over currencies as they turned to the International Monetary Fund to calm frictions that are already sparking protectionism. Exchange rates dominated the IMF's annual meeting in Washington on concern that officials are relying on cheaper currencies to aid growth, risking retaliatory devaluations and trade barriers. Bloomberg's Erik Schatzker and Sara Eisen report. (Source: Bloomberg)
Views: 140 Bloomberg
Why a Financial Transaction Tax?
Sarah Anderson: 0.25% tax on financial transactions could raise $150 billion a year in the US alone
Views: 3690 The Real News Network
Made $420 in 15 Minutes "Watch How" 11/15/2012
Overall, the session marked a broad-based pullback for metals futures. Only copper managed to buck the bearish trend. Gold for December delivery GCZ2 -0.88% dropped $17.70 to stand lately at $1,712.30 an ounce on the Comex division of the New York Mercantile Exchange. It had traded down as much as $20.40 on the session, according to FactSet data. Obama on the so-called fiscal cliff During a news conference Wednesday, President Obama discusses the approaching fiscal cliff and reiterates the need for bipartisan cooperation. Selling sentiment in gold keyed off "a weak demand summary from the World Gold Council partly influenced by very tough year-over-year comparisons to the big runup in gold demand associated with the U.S. budget fiasco in August 2011," said Richard Hastings, macro strategist at Global Hunter Securities. In tonnage terms, global demand fell 11% from the year-ago third quarter as China's appetite for gold investment and jewelry declined, according to the Gold Demand Trends Report released Thursday. Global demand in the third quarter was 1,084.6 metric tons, down from the record figure of 1,223.5 metric tons seen a year earlier, the report said. In value terms, year-on-year demand dropped 14% to $57.6 billion, with an average gold price of $1,652 an ounce down 3% from the third quarter a year ago. MARKETS | Expanded markets coverage • The Tell: Market news and analysis • U.S. and Canada markets | Canada section • European and Middle Eastern markets • Asia — from Japan to China to Australia • Latin America: Brazil, Argentina, Mexico, more TOOLS AND DATA | Markets data menu • My Portfolio: Know where your funds are? • Real-time currency exchange rates • After-hours stock screener Meanwhile, the quarter's global investment in exchange-traded funds jumped 56% from the prior year. "It is clear from five-year rising demand trends that gold's fundamental property as a vehicle for capital preservation continues to endure, as evidenced by this quarter's increase in global ETF investment ... and continued purchasing by central banks, the ultimate long-term investors," said Marcus Grubb, managing director, investment at the World Gold Council, in a statement. See: Gold demand drops 11% in third quarter. On the currencies front, the dollar offered little direction for gold. The ICE dollar index DXY -0.05% , which measures the greenback against a basket of six other currencies, edged down to 81.043 from 81.111 late Wednesday. The report about the slide in global gold demand overshadowed weak U.S. economic data. Among other things, reports out Thursday showed manufacturing in the New York and Philadelphia regions disrupted by Hurricane Sandy. Also, first-time jobless claims soared to an 18-month high last week, largely a side-effect of Sandy. See: Jobless claims soar after Hurricane Sandy. Tracking the trading in other metals, silver for December delivery SIZ2 -0.84% traded down 40 cents, or 1.2%, to $32.47 an ounce. December palladium PAZ2 -1.19% fell $6.35, or 1.1%, to $634.70 an ounce, while January platinum PLF3 -1.23% sank $23, or 1.5%, to $1,568.60 an ounce. However, December copper HGZ2 +0.30% rose 1 cent, or 0.3%, to $3.46 per pound. U.S. and Mideast catalysts In Wednesday's Comex session, December gold rose $5.30 to settle at $1,730.10 an ounce. GFT Markets technical analyst Fawad Razaqzada equated Wednesday's gains for gold with a search for safe-haven assets. "Investors are clearly worried about the looming fiscal cliff and are appropriately increasing their bullish positions in precious metals," he said. Gold needs to close over a resistance level pegged at $1,740 to attract fresh buyers, he said. HSBC metal analysts expected gold to benefit as long as the fiscal cliff — more than $600 billion of tax hikes and spending cuts due to kick in automatically in January if U.S. lawmakers don't reach a deal — remains high on the radar for investors. "A lack of progress in resolving the 'fiscal cliff' issue would be gold-friendly, we believe," the analysts said. "The path of least resistance appears higher for bullion." Typically, gold would "rally on the Israel-Hamas situation and on ominous signs of tension regarding the fiscal cliff," said Hastings. But "the lingering problem for gold is that even with prices hovering around the $1,700-$1,725 area, this is a bit too high for a bunch of Asia jewelry consumers, thus the outlook for final consumption of jewelry in Asia should be cautious until the results prove otherwise.
Views: 1305 Watch Me TRADE

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