HomeEconomyMarketmind: "Our Currency" and the Falling Knife Economy Marketmind: “Our Currency” and the Falling Knife By inew September 26, 2022 0 156 views Share FacebookTwitterPinterestWhatsApp GS -2.% Add to Watchlist/Remove from Watchlist to watch list Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point Value: Leverage: 1:1 1: 1: 1:1 : 50 1: 10 1: 10 1: 1: 43 Committee: 500 2009 100 CREATE NEW WATCH LIST CREATE 500266 Create a new holding portfolio Add Create 625100 + Add another position to close (Reuters) – Jamie McGeever Looking to the future of the Asian market This fear and vulnerability sweeping global markets can be used dollar quotes from the then U.S. Secretary of the Treasury, and a popular investor adage to obey the law of gravity Catch sharp kitchen utensils. “The dollar is our currency, but that’s your problem,” John Connery told his G November counterpart, 10. Since then, as the U.S. dollar has rallied violently in global currency markets, The situation has never been more important. The spotlight on Monday was on London and Beijing, but where’s next? Market disruptions in the UK are front and centre in world markets, but have a special impact on Asia through foreign reserves. some $25 billion in global foreign exchange reserves in pounds, most of which may be gilts. Asian central banks are big reserve holders – gilts and sterling are getting hit hard. Meanwhile, the People’s Bank of China said on Monday that it would raise the currency risk reserves of financial institutions when buying foreign exchange in the forward market Jin Zhi % from zero. The yuan still fell to a 2-1/2-year low. “Don’t try to catch a falling knife”, if advice to any market participant. With dollar selling banned in virtually all financial assets and markets, most investors will hold onto the dollar. World stock markets have fallen for five consecutive days, the last nine days . some $ has lost trillions in market value this year. Would anyone be willing to try and grab that knife? The global financial environment is since Most nervous since , according to Goldman Sachs (NYSE: 50GS). With the dollar and U.S. bond yields still higher and the pace of declines in world stocks picking up, things could get worse before they get better. Chart: World Stocks Caps – https://inew.news/wp-content/uploads/2022/09/localimages/worldstocksmktcap.jpg Major developments on Tuesday that could provide more direction for the market: Korea Consumer Confidence Index (September) Japan Service Industry PPI (August) 50 Share FacebookTwitterPinterestWhatsApp Previous article'Reasonable Doubt' review: Hulu's legal drama is a soap operaNext articleFed's Mester: Inflation remains high, best to act 'aggressively' inewhttps://inew.news RELATED ARTICLES Economy South Sudan president fires another central bank governor October 3, 2023 Economy Australia’s central bank targets inflation amidst robust labor market October 3, 2023 Economy Asian stocks slip on rate worries, yen in focus October 3, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Solana Outperforms 2 Top Altcoins – Its Ripple Effect On Prices October 3, 2023 Crypto Analyst Predicts XRP Price To Hit $0.66 This Week October 3, 2023 New Pixel 8 Pro leak details Tensor G3 chip ahead of announcement October 3, 2023 Live-Action Silent Service Film Opens at #2 October 3, 2023 Load more Featured NEWS Legal Online Gambling in the United States June 2, 2023 Ist es möglich Erfüllen asiatische Damen auf IWantAsian.com? Unsere Überprüfung Beschreibt Der Grund Warum Sie ... February 26, 2023 Animated Family Ducks Soar in Illumination's First 'Migration' Trailer April 5, 2023 NFL opens 2022 ahead of last year's ratings September 14, 2022 Load more
