Thu, 18 April 2013 22:04:03
While the bias in the options market has long been leaning toward a decline of the Aussie versus the U.S. dollar, in recent days investors have upped the ante, fretting about Australia's economic vulnerabilities.
Three-month risk reversals, a broad gauge of short-term currency market sentiment in Aussie/U.S. dollar, are skewed toward puts, or the right to sell Aussies at a future date. But on Wednesday, they traded as high as 2.1 percent, the largest bias for puts in over a month.
"We've seen an increase in demand for downside protection on the Aussie following this gold price meltdown," said David Rodriguez, quantitative strategist at DailyFX.com in New York.
Spot gold rose on Wednesday, bucking the fall in oil and other commodities, but sentiment was still severely shaken by the biggest two-day loss in 30 years that started last Friday. With Australia's economy heavily based on resources, a decline in commodity prices could undermine sentiment.
"While short-term risk revers..
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Wed, 17 April 2013 23:18:34
Japan's Nikkei share average is expected to open lower on Thursday as buyers are likely to be side-lined by weak global equity markets and worries about global growth.
Market players said the Nikkei was likely to trade between 13,200 to 13,350 after rising 1.2 percent to 13,382.89 on Wednesday. Nikkei futures in Chicago closed at 13,270, down 1.0 percent from the close in Osaka of 13,400.
Overnight, European shares fell to their lowest levels so far this year on fresh concerns over the global economy.
Wall Street was hit by financials and a sharp drop in Apple Inc shares on worries about slowing demand for its products, which may trigger selling in Apple-related stocks in Japan such as Sharp Corp, Murata Manufacturing Co and Ibiden Co, market players said.
Investors are also likely to keep an eye on the weekend meeting of officials from the Group of 20 nations. While Japan isn't expected to face criticism for its aggressive monetary expansion campaign that has weakened the ..
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Wed, 17 April 2013 03:03:07
The yen fell broadly on Wednesday, succumbing to renewed pressure after gold prices steadied somewhat from an eye-watering plunge earlier in the week.
The dollar was changing hands at about 98.32 yen, up 0.8 percent from late U.S. trade on Tuesday but still down about 1.6 percent from a four-year high of 99.95 yen set last week.
The euro climbed 0.8 percent to 129.51 yen, although it still remained some way off a three-year peak of 131.10 yen hit last week.
A historic 9 percent plunge in gold prices on Monday, coupled with concerns about China\'s economic growth had sapped risk sentiment and helped the yen regain a bit of the ground lost in a tide of selling this month sparked by the Bank of Japan\'s aggressive stimulus programme.
\"We still believe that the recent volatility in the commodity prices was mainly driven by long position liquidation, while the underlying backdrop remains risk-positive due to expanding global monetary easing,\" said Vassi..
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Tue, 16 April 2013 00:29:30
The yen firmed against the dollar and the euro on Tuesday while commodities from gold to oil extended their sharp declines after investors dumped risk assets overnight, worried over slowing growth in China and the U.S. took hold.
Cash gold and U.S. gold futures plunged to their weakest in over two years, pulling silver lower and dragging Tokyo gold futures down almost 10 percent.
Spot gold was down 1.9 percent to $1,327 an ounce while silver shed nearly 2 percent to $22.11. On Monday, the price of gold bullion tumbled another $125 per ounce in its biggest-ever daily loss. In percentage terms, Monday's 9 percent loss would be the biggest since 1983.
Brent crude futures fell below $100 for the first time in nine months early on Tuesday and U.S. crude futures slipped 2.2 percent to a four-month low of $86.87 a barrel.
Investors will likely reassess their portfolio allocations for the second quarter, with Japan possibly surprising on the upside while uncertainties deepen i..
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Sat, 13 April 2013 20:40:01
Offshore Merchant Processing
The modern world is not a self-sustaining one. We require the use of mass transportation to get us the things we need like clothes and food. Sometimes these modes of transport are organized into fleets with each fleet specializing in a certain good. (This is done to maximize efficiency.) Often, these fleets make use of fleet fuel cards to keep themselves organized and to save money. Explaining fleet cards A fleet card is something that an organization will use when they have many vehicles to run and to maintain. The fleet card allows an organization to keep track of all the expenditures made by the driver of the vehicle. For example, a company that has a large number of vehicles might have their drivers purchase fuel with a fleet card in order to save themselves both time and money. There are many different types of fleet cards with each offering various incentives and reporting systems to help people maintain cost effective fuel budgets. ..
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