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trade

Dear Greenback, Meet the Redback – Your Replacement?

November 10, 2010 · 3 comments

in Asia, BRIC, China, G20, RMB, USD, World Bank, central banks, currencies, exchange rates, foreign investment, forex, international economy, international stock market, market reports, market trends, money, news and updates, sovereign debt, terminology, world order

You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound.  Not only is the renminbi note red, but it’s got a picture of Mao on the [...]

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TD Waterhouse Lowers Commission Fees Nov 4th

November 3, 2010 · 1 comment

in 2010, Canadian, November, banks, brokers, fees, financial planning, investing, news and updates, stocks

TD Waterhouse Discount Brokerage (Canada) has announced that it will lower the standard flat rate commission fee for buy and sell orders from $29 down to $9.99 for clients with household assets of at least $50,000. Changes take effect on November 4th, 2010.
Previously, clients had to hold at least $100,000 in assets at Waterhouse to [...]

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Reasons Why A Higher Yuan Is Bad for the USD

October 6, 2010 · 5 comments

in Asia, BRIC, China, G20, collapse, currencies, emerging markets, exchange rates, forex, international economy

When you tally up all the pros and cons, on balance it is quite surprising that the US is officially championing the appreciation of the yuan against the USD.  Even when you think about the supposedly increased attractiveness of all those US exports that would ensue, it still doesn’t make a lot of sense on [...]

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You Might Be Crazy not To Buy Euros Now

May 14, 2010 · 10 comments

in ADRs, USD, bailout, central banks, debt, diversification, europe, exchange rates, foreign investment, forex, international economy, opportunity, sovereign debt, stimulus

With the recent bailout of Greece, markets have not warmed up to Europe’s debt problems, and this has meant that the Euro has continued to weaken against the USD (sort of like a teeter-totter built out of CDO’s).
As of Friday, May 14, 2010, one Euro will buy a whole $1.237 USD.  That means the Euro [...]

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