CNBC "Money in Motion" show RUMOR
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CNBC "Money in Motion" show RUMOR
CNBC "Money in Motion" show RUMOR
FROM ANOTHER SITE...
Wondered if anyone watched "Money In Motion" a new currency show on CNBC last night? I saw someone had mentioned in one of the chat rooms that the show was coming on and that they were going to talk about the Iraqi Dinar....So of course I flipped it on.....
They were talking about, of course currencies...then one of the panelists was referencing some charts of different currencies, he had talked also about the Singapore currency reval...but the interesting thing that happened, that made me rewind that portion three times in a row, so that my husband and I could both refresh our ears as to what we just heard.....was this....the commentator asked the panel which would be the next important speculation for revaluation.....he asked them to guess....one of them spouted out, almost yelled it...."the Iraqi Dinar"......both my husband and I came out of our chairs.....the commentator announced it was actually the Turkish Lira(sp)......But the part that excited us was the other panelist that yelled out the Iraqi Dinar....well folks look what happened....I hear the Turkish Lira did RV.....maybe that guy on the panel knew something about the dinar too???
Not much...but very exciting.....felt my heart pump pretty hard at that moment and now I know my heart will definitely withstand the REAL RV!....so there you have it...they know what is going on! GO RV!
FROM ANOTHER SITE...
Wondered if anyone watched "Money In Motion" a new currency show on CNBC last night? I saw someone had mentioned in one of the chat rooms that the show was coming on and that they were going to talk about the Iraqi Dinar....So of course I flipped it on.....
They were talking about, of course currencies...then one of the panelists was referencing some charts of different currencies, he had talked also about the Singapore currency reval...but the interesting thing that happened, that made me rewind that portion three times in a row, so that my husband and I could both refresh our ears as to what we just heard.....was this....the commentator asked the panel which would be the next important speculation for revaluation.....he asked them to guess....one of them spouted out, almost yelled it...."the Iraqi Dinar"......both my husband and I came out of our chairs.....the commentator announced it was actually the Turkish Lira(sp)......But the part that excited us was the other panelist that yelled out the Iraqi Dinar....well folks look what happened....I hear the Turkish Lira did RV.....maybe that guy on the panel knew something about the dinar too???
Not much...but very exciting.....felt my heart pump pretty hard at that moment and now I know my heart will definitely withstand the REAL RV!....so there you have it...they know what is going on! GO RV!
Bandit1- Posts : 275
Join date : 2011-04-16
The Currency Trader's IMF Playbook
The Currency Trader's IMF Playbook
Published: Friday, 15 Apr 2011 | 8:33 PM ET
By: Kelley Holland
Currency Blogger, CNBC.com
It's been called the Superbowl for currency traders. The World Bank/IMF annual meetings are underway, complete with fresh ideas for trading strategies.
Rebecca Patterson, global head of currencies and commodities for J.P. Morgan's private bank, is attending the meetings, and she told CNBC's Melissa Lee that she has found widespread complacency about the level of the U.S. dollar. [.DXY 74.94 0.11 (+0.15%) ]
"The world is accepting a weaker dollar." Patterson said, noting that the mood is sharply different from just six months ago, when Brazil said the weak dollar was creating a global currency war. "Intervention is continuing, but emerging markets are now saying they're more worried about inflation than exports so they're letting their currencies strengthen."
What does this mean for investors? Well, if you're holding the currency of a country with relatively high inflation, like Brazil, Mexico or Singapore, and wondering if you should sell, "I feel that this central bank shift suggest that you can hang onto your short positions in the dollar, long positions in these other currencies a little while longer," Patterson said. "I think we have room to run."
Andrew Busch, global currency and public policy strategist for BMO Capital, and Brian Kelly of Kanundrum Capital agreed. You can watch the whole discussion right here, starting around 6:35.
http://www.cnbc.com/id/42612997
Published: Friday, 15 Apr 2011 | 8:33 PM ET
By: Kelley Holland
Currency Blogger, CNBC.com
It's been called the Superbowl for currency traders. The World Bank/IMF annual meetings are underway, complete with fresh ideas for trading strategies.
Rebecca Patterson, global head of currencies and commodities for J.P. Morgan's private bank, is attending the meetings, and she told CNBC's Melissa Lee that she has found widespread complacency about the level of the U.S. dollar. [.DXY 74.94 0.11 (+0.15%) ]
"The world is accepting a weaker dollar." Patterson said, noting that the mood is sharply different from just six months ago, when Brazil said the weak dollar was creating a global currency war. "Intervention is continuing, but emerging markets are now saying they're more worried about inflation than exports so they're letting their currencies strengthen."
What does this mean for investors? Well, if you're holding the currency of a country with relatively high inflation, like Brazil, Mexico or Singapore, and wondering if you should sell, "I feel that this central bank shift suggest that you can hang onto your short positions in the dollar, long positions in these other currencies a little while longer," Patterson said. "I think we have room to run."
Andrew Busch, global currency and public policy strategist for BMO Capital, and Brian Kelly of Kanundrum Capital agreed. You can watch the whole discussion right here, starting around 6:35.
http://www.cnbc.com/id/42612997
Bandit1- Posts : 275
Join date : 2011-04-16
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