China putting reserves to work the old fashioned way

Source: www.forexlive.com

They’re buying stuff…In the 80s, the Japanese bought up real-estate like Rockefeller Center and Pebble Beach. In the 90s, the European snapped up telecom companies. Today, the Chinese are buying industrial companies, or pieces of them. The latest example if the politically-incorrect Hummer brand being sold by GM. A Chinese heavy equipment maker will buy the brand and build SUVs here in the US.


Read more...

  • Forex: GBP/USD falls further to 1.6410

    Dollar is getting stronger across the board with the exception of the Yen on a big sell-off in equities. GBP/USD fell after the opening bell to 1.6415 (intra-day low). From there rebounded sharply and rose back above 1.6500 but failed to hold and regained the downside. After finding resistance at...

  • Australia May employment -1700 s/adj, much better than expected

    Australia employment -1700 jobs, much better than the forecast of -30,000. The unemployment rate for May 5.7%, as expected. AUDUSD jumps immediately from 8045 to 8080. The jobs number is much much better than expected and should act as support for AUD...

  • First peek at the simulated trading results in the simultaneous multi-market mode.

    The first peek at the simulated trading system performance results, obtained in the multi-market mode of operation, reveals some exciting early results but also highlights the amount of work ahead. These results are obtained with the forecasting algorithm handling the different markets jointly,...

  • Japan MOF: G8 may discuss exit strategies

    A senior MOF official said today that finance ministers from the G8 may discuss exit strategies from extraordinary policy steps taken to combat the global crisis. He went on to say that he doesnt think Latvia will be a major topic at the G8 this...

  • EUR/USD Snaps 2 Days of Growth as U.S. Fundamentals Disappointed

    EUR/USD fell by the largest extent since April 27 today as the U.S. macroeconomic indicators failed to maintain the bullish interest in the high-yielding currencies. The oil inventories rose also pressing on the oil prices and thus on the commodity currencies....