Financial Markets (markets) group

Notices

1. sean

   Does being more volatile make gold safer? I wouldn't have thought so...http://www.businessinsider.com/chart-of-the-day-prices-of-safe-haven-assets-2010-6 !economics !mkt

   about 3 months ago from web
2. danny

   @mark @sean !mkts a piece on macroeconomics and foreign exchange http://www.creditwritedowns.com/2010/06/forexblog-qa-on-macroeonomics-fx-and-all-the-rest-of-it.html

   about 3 months ago from web in context
3. danny

   !markets Can someone explain gold (as an asset) to me, or point me at an explanation? I've avoided the topic largely because the people talking about it the most all seem to have small arsenals and huge stores of tinned food...

   about 3 months ago from web in context
4. sean

   @danny that is an excellent question...and the only reasonable answer would be that the people saying that are wrong: the market is contradicting them! !mkt

   about 3 months ago from web at 33°52'59"S 151°9'0"E in context
5. danny

   !markets @sean @mark Why are people talking about the bond markets being unhappy about UK and US government debt even as the yields on gilts and treasuries keeps dropping?

   about 3 months ago from web in context
6. zebra

   Aussie approaching 81c in late trading !markets

   about 4 months ago from web at 33°52'4"S 151°12'26"E
7. zebra

   Aussie heading north from sub 82c. Looks like 82c is resistance or someone (RBA?) buying up there. !markets

   about 4 months ago from web at 33°52'4"S 151°12'26"E in context
8. zebra

   Aussie now in free fall - down 1c on open to 82.3 !markets

   about 4 months ago from web at 33°52'4"S 151°12'26"E
9. sean

   @zebra note that the profit figure for the RBA I gave you is simply FX related profit, most of which is simply revaluation of reserves. It does not split out intervention P/L, which the paper @mark linked to does. Back then, on average, the RBA made money from intervening. !mkt

   about 4 months ago from web at 33°52'59"S 151°9'0"E in context
10. sean

    @zebra in 2009 the RBA made over $5 billion in foreign exchange trading !mkt /cc @magpie @zebra http://www.rba.gov.au/publications/annual-reports/rba/2009/html/fin-statements/note-2.html

    about 4 months ago from web at 33°52'59"S 151°9'0"E in context
11. mule

    @senexx a key question would be whether they would be govt-guaranteed or just secured by revenues generated by the NBN itself. !mkt !pol

    about 4 months ago from web at 33°52'4"S 151°12'26"E in context
12. sean

    @zebra I hadn't seen that. In the past they've used the line that they try to smooth out "excessive" movements. Maybe they just thought it was oversold and were having a lash! !mkt

    about 4 months ago from web at 33°52'59"S 151°9'0"E in context
13. sean

    @baumie certainly the German short-selling ban would seem to be the first sign of panicky regulatory reaction. !mkt

    about 4 months ago from web at 33°52'59"S 151°9'0"E in context
14. baumie

    I have not been posting because I have absolutely no insighht to how this plays out. That being said, it looks like market risk aversion has finally cracked and the system is fast moving to broken. Would not be surprised to see significant market regulation imposed ver soon !mkts

    about 4 months ago from web in context
15. sean

    @magpie not looking too healthy right now in the euro !mkts as you say. http://finance.yahoo.com/intlindices?e=europe

    about 4 months ago from web at 33°52'59"S 151°9'0"E in context
16. zebra

    German Govt bans "naked CDS" on German bonds ie. no buying protection unless you own the bond(?) Ban affects German banks eg DB but not foreigners who can trade anywhere eg. NY. Wierd. Desperate. http://bit.ly/dmynJy !markets

    about 4 months ago from web at 37°50'22"S 144°56'32"E
17. zebra

    AUD down to 85.3 on the open this am. Now at 85.7. Hardly a rebound! Where's the AOX? !markets

    about 4 months ago from web at 37°50'22"S 144°56'32"E
18. sean

    @zebra blog and stable up again...can't say the same for the !markets

    about 4 months ago from web at 33°52'59"S 151°9'0"E in context
19. sean

    @pierrekaterdjian @baumie how's it looking out there in the !markets?

    about 4 months ago from web at 33°52'59"S 151°9'0"E
20. sean

    @zebra @magpie I would also say that a default in Greece would have knock on effects(e.g. losses for UK, German & other banks, defaults in other countries) which would be bad for world growth which would affect Australian co.s !mkt

    about 4 months ago from web at 33°52'59"S 151°9'0"E in context