Sparks are flying around the globe as markets are getting ready to open after the weekend. Following volatility of last week and the S&P downgrade of US debt rating, many are bracing for extreme conditions, perhaps even a repeat of 2008 panic. Trying to prevent it, financial authorities from the G-20 economies held a telephone conference Sunday, discussing possible steps they could [...]

With its monumental foreign exchange reserves, China is investing seemingly everywhere. Everybody knows about massive holdings of US treasuries – China is the largest foreign buyer of our debt, sitting on well over $1 trillion in bonds and notes. However, in an effort to diversify their portfolio ( or move away from the USD), the [...]

With the Australian Dollar near the all time high, there are plenty of speculations about where it will go next. Recently somebody called for the AUD-USD to reach as high as 1.70 by 2014. Personally, I find it over the top, but in reality, that particular guess is as good a any. After all, when [...]