Over the last few months, we’ve seen the FX market reach decade lows in terms of volatility. We also saw a continuing slew of poor economic data being released from the US combined with a Fed that stopped raising interest rates in August for the first time in over two years. This was the perfect [...]
Archive | November, 2006
Show Me The Money
Have you heard the expression “Money changes people”? The saying implies that people’s behaviors and attitude towards society change as they come into possession of large amounts of money. Now according to an article from SeattlePI.com, just SEEING money can alter people’s behaviors. Several experiments were conducted to see the affect of people who were [...]
Trading Digital Currency
More and more companies are creating their own currencies for online exchange of goods and services. With Microsoft’s release of their iPod clone, they created a system where customers buy ‘points’ to purchase media. Some have a negative views on it, like applematters.com: Adding a completely unnecessary layer of confusion is, in and of itself, [...]
Smythe & Co. Plans to Hold Rare Currency Auction
Smythe & Co., one of the world’s leading auction houses specializing in Coins, Paper Money, Antique Stocks and Bonds, is scheduled to hold an auction containing high quality, rare proof notes and sheets on December 12 and 13. Approximately 750 lots will be catalogued and sold in this important sale. Money mavens will be able [...]
Watch Out for the Yen
“We will take action in advance, moderately, to avoid drastic reactions. We will adopt a forward-looking approach” states Bank of Japan Governor Fukui. Boris Schlossberg of Forex Capital Markets says: Those comments helped propel the yen higher as traders speculated that the central bank may be ready to raise rates before the year end. Although [...]
ECB Holds Rates but Hint of December Hike
ECB President Jean Claude Trichet continued to use the term “vigilence” during his statement after the ECB rate decision. “Strong vigilance remains of the essence,” Mr Trichet said. “It is essential that inflation expectations remain firmly anchored at levels consistent with price stability. We will do all that is necessary for price stability.” These similar [...]
Buy a $100 Bill for $90
This sounds like a scam right? Well, it’s happening. The Wall Street Journal published an interesting article today about the discount placed on certain bills based of age, condition, and even the signature on the bill. In many countries, from Russia to Singapore, the dollar’s value depends not just on global economic forces that move [...]
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