Free Currency Charts Free Forex Charts

Morning Briefing

While you were trading

Archives 22nd June, 2007

How about "Global Cooling"
Global Warming has received a lot of attention lately. Most people would say that it's a case of "too little, too late". Others would say "About time, finally!" Getting nations to agree on carbon emission reductions seems like a fantasy. In the middle of all this, we come across a few small voices that say that Earth faces a danger of Global Cooling, rather than Global Warming.

Professor R Timothy of Carleton University, predicts that a spell of Global Cooling coming soon. This is what he has to say, "....Solar scientists predict that, by 2020, the sun will be starting into its weakest Schwabe solar cycle of the past two centuries, likely leading to unusually cool conditions on Earth. Beginning to plan for adaptation to such a cool period one, which may continue well beyond one 11-year cycle, as did the Little Ice Age, should be a priority for governments. It is global cooling, not warming, that is the major climate threat to the world, especially Canada...."

To read the complete story click here

A Russian scientist Khabibullo Abdusamatov has, in 2006, also predicted Global Cooling in the coming years. One can see his research click here.

US Atlantic Hurricane Names
Hurricanes have very intriguing names. What is more fascinating is that the names are not simply named after destructive banshees and shrews. There is a set methodology behind naming hurricanes. Atlantic hurricances were first named in 1953, by the US National Hurricane Center. Only female names were used. Things became more politically correct in 1979, and from then male are also used. For more information on how the Hurricanes are named click here

For 2007 Hurricane names click here

Not Knowing the BRICS
Large MNC intend to invest in the BRICS countries to partake of the high growth rates offered by these economies. However, a recent study found out that most western executives need to quickly brush up their knowledge of the BRICS economies.

The study of 800 senior executives in the US, UK, France and Germany found that 88 percent could not name the currency of Brazil, 55 percent did not know the name of India's currency and 65 percent did not know what unit was used in South Africa.

For more information on this survey click here

Japanese housewives trading Yen
The Yen "Carry Trade" is in full swing! Recently, Bloomberg ran an article on how even Japanese housewives are into the game.

"...When the yen rose to a two-week high of 162.20 against the euro on May 25, Naoko Ogawa, a 34-year-old freelance writer, used a 1,000 euro ($1,300) deposit to buy 10,000 euros. She sold four days later, close to a then record high of 164.29 yen. "You just need to buy the dollar and the euro on dips, then sell them at a profit,'" said Ogawa, who added that she has made a 20 percent return on her 1 million yen trading account since December."

Usually this kind of euphoria sounds the death-knell of a long-term trend. It is normally associated with the Fifth (most speculative) Wave in a 5-wave Elliot Wave count. However, a look at the long-term EUR-JPY chart (the biggest beneficiary of the Carry Trade) suggests that we are still only in Wave 3, with Waves 4 and 5 yet to unfold. This would mean that there is still a lot of room left on the upside.

But, you do get nervous when housewives start to muscle in your trades. Stay Long, but buy some Puts too!


Bookmark and Share

Euro     Yen

Swiss    Cable
DJIA   Nasdaq

Nikkei  Sensex
Euro   Yen   Usd

Disclaimer: The above views are based on the latest available information. Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. While the views are proffered with the best of intentions, neither the author, nor the firm are liable for any losses that may occur as a result of any action based on the above. Global commodity and currencies markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.

Indian Rupee Market | FX Thoughts | Economic Calendar | Graphs Gallery | Colour of Money | Money Markets | Research | Risk Management | Government Policies | Utilities & Humour | Free Data | Your Queries | Testimonials | Links | About Us | Site Map
Copyright Kshitij Consultancy Services
Suite 2G, 2nd Floor, Tower C
Hastings Court
96, Garden Reach Road
Kolkata - 700 023
00-91-33-24892010/ 24892012
Location Map
Site created by
Manaskriti Software Solutions