British Pound Plunging
The ongoing plunge in value of the British pound brings to mind the millions earned by George Soros when he bet against it in September 1992.
Concerns over the rate of the fall in value of the pound has some concerned over how that will impact the value of stocks, commodoties and trade around the world.
The pound has been in even worse shape than the euro over the last month and a half or so, and it remains to be seen how it could effect the global scene.
It makes you wonder if old George Soros is back in the picture, or at least someone like him.
British Pound Plunging
Showing posts with label Currency Trading. Show all posts
Showing posts with label Currency Trading. Show all posts
Thursday, March 11, 2010
Tuesday, March 2, 2010
George Soros: Euro May Collapse
George Soros Euro Collapse
Although George Soros speaks out of both sides of his mouth, as evidenced by his remarks that gold is in a bubble while he had recently invested millions into the metal, he still is interesting to listen to, as you know whether he's speaking the truth or not, that he is interested in what he's talking about, and that's the case with his recent comments that the euro may not survive and be in danger of a total collapse.
One thing you can be sure of from the comments of Soros is he has a stake in the euro, or he wouldn't be talking about it.
Soros says the euro may not survive just from the sovereign risk threat from Greece, although many think the PIIGS overall are much more of a risk than if Greece itself only collapsed. The pigs are Portugal, Ireland, Italy, Greece and Spain.
Many think the euro could survive a collapse of Greece, but a collapse of some of the other countries at the same time, or near the same time, would probably be the end of the European union and the euro.
Soros obviously is attempting to influence the markets to his investment advantage; not the first time he's tried and succeeded at doing it.
George Soros Euro Collapse
Although George Soros speaks out of both sides of his mouth, as evidenced by his remarks that gold is in a bubble while he had recently invested millions into the metal, he still is interesting to listen to, as you know whether he's speaking the truth or not, that he is interested in what he's talking about, and that's the case with his recent comments that the euro may not survive and be in danger of a total collapse.
One thing you can be sure of from the comments of Soros is he has a stake in the euro, or he wouldn't be talking about it.
Soros says the euro may not survive just from the sovereign risk threat from Greece, although many think the PIIGS overall are much more of a risk than if Greece itself only collapsed. The pigs are Portugal, Ireland, Italy, Greece and Spain.
Many think the euro could survive a collapse of Greece, but a collapse of some of the other countries at the same time, or near the same time, would probably be the end of the European union and the euro.
Soros obviously is attempting to influence the markets to his investment advantage; not the first time he's tried and succeeded at doing it.
George Soros Euro Collapse
Monday, March 1, 2010
Chile Peso in Earthquake Aftermath
Trading Chile Peso
As relief efforts from agencies outside the country send a windfall of U.S. dollars their way, the Chilean peso is expected to experience a nice upward push in value against the dollar during that time.
In 2009 the Chilean peso grew in value against the U.S. dollar by close to 20 percent. It was dropping against the greenback in the first two months of 2010 based on new currency reserve requirements in the country concerning private pension funds.
This temporary situation could be a good play going forward for currency traders looking for some degree of predictability in their forex trading.
Trading Chile Peso
As relief efforts from agencies outside the country send a windfall of U.S. dollars their way, the Chilean peso is expected to experience a nice upward push in value against the dollar during that time.
In 2009 the Chilean peso grew in value against the U.S. dollar by close to 20 percent. It was dropping against the greenback in the first two months of 2010 based on new currency reserve requirements in the country concerning private pension funds.
This temporary situation could be a good play going forward for currency traders looking for some degree of predictability in their forex trading.
Trading Chile Peso
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