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GENO123
Joined: 28 Jan 2010
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GENO123
Joined: 28 Jan 2010
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 Posted: Sat Nov 22, 2014 3:40 am Post subject: |
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| Quote: |
Bearish bets on won largest since 2008 crisis, Asia FX sentiment weaker
Reuters Nov 20, 2014, 05.23PM IST
(The won is seen as more sensitive…)
SINGAPORE: Investors built up the largest short positions in the South Korean won since the 2008 global financial crisis in the last two weeks as sentiment towards most emerging Asian currencies soured as the yen hit multi-year lows, a Reuters poll showed.
Long positions on China's yuan, however, rose slightly on expectations of inflows thanks to a new link between the Hong Kong and Shanghai stock exchanges |
http://articles.economictimes.indiatimes.com/2014-11-20/news/56304003_1_bearish-bets-asia-fx-indian-rupee |
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Roman Holiday
Joined: 22 Sep 2014
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| Posted: Sat Nov 22, 2014 8:12 pm Post subject: |
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| GENO123 wrote: |
| Quote: |
Bearish bets on won largest since 2008 crisis, Asia FX sentiment weaker
Reuters Nov 20, 2014, 05.23PM IST
(The won is seen as more sensitive…)
SINGAPORE: Investors built up the largest short positions in the South Korean won since the 2008 global financial crisis in the last two weeks as sentiment towards most emerging Asian currencies soured as the yen hit multi-year lows, a Reuters poll showed.
Long positions on China's yuan, however, rose slightly on expectations of inflows thanks to a new link between the Hong Kong and Shanghai stock exchanges |
http://articles.economictimes.indiatimes.com/2014-11-20/news/56304003_1_bearish-bets-asia-fx-indian-rupee |
That's a good sign it will go the other way! |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Sat Nov 22, 2014 8:26 pm Post subject: |
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| I've heard lots of newbs grumbling about jumping ship. If it goes to 1200 you'll start to see them making an exit. |
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SHGator428
Joined: 05 Sep 2014
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| Posted: Sat Nov 22, 2014 9:58 pm Post subject: |
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| Stan Rogers wrote: |
| I've heard lots of newbs grumbling about jumping ship. If it goes to 1200 you'll start to see them making an exit. |
conjecture and hyperbole |
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basic69isokay
Joined: 28 Sep 2014
Location: korea
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| Posted: Sat Nov 22, 2014 10:43 pm Post subject: |
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I was here in 08 when it hit 1500.
Very few people jumped ship unless they were already wanting to beforehand.
Although now China's a much more attractive option than it was then, obviously. |
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GENO123
Joined: 28 Jan 2010
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| Posted: Sun Nov 23, 2014 8:57 pm Post subject: |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Sun Nov 23, 2014 9:24 pm Post subject: |
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| basic69isokay wrote: |
I was here in 08 when it hit 1500.
Very few people jumped ship unless they were already wanting to beforehand.
Although now China's a much more attractive option than it was then, obviously. |
It's because there was a recession beginning and China wasn't paying as much as it's starting to now. Anyone who stays here for longer if the won goes to 1200 or more now is a dolt. There are choices there weren't before. I'll probably give it a year and hope it's a temporary blip. If this is the new normal, I'll make exit plans. I'm so sick of waiting to make some money. I honestly feel like I was lured here on a false premise. (Everyone use to go back to the maritimes and talk about all the money that could be made over here. I hop over here and it soon goes to shit.) It was good for just over a year when I got here then began the long decent downwards, with the past year being a temporary break.
Anyways, newbies, if you're reading this, don't come over. It's no good here anymore. Go to China or the Middle East.
BTW, most teachers bailed on Korea when the won crashed in 1997. The US economy was booming. People had options unlike the first two or three years after 2009. As the US economy improves, I'd suggest just stay home or try another country. It's really not worth it anymore. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Tue Nov 25, 2014 1:00 am Post subject: |
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Yippee! Got my monthly transfer done. Won going down, but still very very slightly above parity. (Physcological barrier to me.) Next month probably won't be so pretty though. I had to send home an extra 200,000 won to get an extra 100 bucks from what was going in my account back home over the last several months. So, basically, I'm out a hundred bucks. Better than being out nearly 300 bucks a month which is what it was less by up until a year ago for the amount sent home.
Here's to 2015.... |
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banjois
Joined: 14 Nov 2009
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| Posted: Tue Nov 25, 2014 4:55 am Post subject: |
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| Hasn't anybody noticed that this is mostly a rise in the USD? I mean, the won's slipped against other currencies, but nothing crazy. Almost every currency is falling against the old greenback, right now.... |
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GENO123
Joined: 28 Jan 2010
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atwood
Joined: 26 Dec 2009
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| Posted: Tue Dec 09, 2014 7:31 pm Post subject: |
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| banjois wrote: |
| Hasn't anybody noticed that this is mostly a rise in the USD? I mean, the won's slipped against other currencies, but nothing crazy. Almost every currency is falling against the old greenback, right now.... |
And almost every major Asian central bank is doing all they can to devalue their currency. The dollar is certainly stronger, but that's not the whole story. |
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GENO123
Joined: 28 Jan 2010
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| Posted: Wed Dec 10, 2014 1:28 am Post subject: |
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2. Japanese inflation to hit 5%
2.The Bank of Japan continues to aggressively print money, which crushes confidence in the yen. Governor Haruhiko Kuroda finds that Japan is losing control of its currency due to easing polices, which sends inflation sharply higher.
3. China devalues the yuan 20%
As a downside of a credit boom, China has to deal with deflationary pressures and finds inspiration from Japan where a weaker currency is seen to help lift inflation. Beijing decides to devalue the yuan by 20%, hoping to import inflation and spur demand. |
Hmm. If Japan loses control of its currency and Chine devalues the yuan by 20% then guess what happens next...
http://www.marketwatch.com/story/internet-armageddon-and-more-outrageous-predictions-from-saxo-bank-2014-12-10?mod=MW_story_latest_news
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Ultra low yen adds woes to Korean economy
December 9, 2014
A man passes by an electronic stock board of a securities firm in Tokyo, Tuesday, as Asian stocks mostly fell on concern about feeble Chinese trade figures, Japan's recession and weaker-than-expected German industrial growth. The Japanese yen is expected to weaken further at a faster rate against the won, making Korean exports less competitive. (AP)
A man passes by an electronic stock board of a securities firm in Tokyo, Tuesday, as Asian stocks mostly fell on concern about feeble Chinese trade figures, Japan’s recession and weaker-than-expected German industrial growth. The Japanese yen is expected to weaken further at a faster rate against the won, making Korean exports less competitive. (AP)
By Yoon Ja-young
The yen is expected to weaken further at a faster rate against the won, dealing a severe blow to Korean exporters competing with their Japanese rivals overseas, analysts said Tuesday. |
http://www.koreatimesus.com/ultra-low-yen-adds-woes-to-korean-economy/
http://www.youtube.com/watch?v=qGaOlfmX8rQ |
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GENO123
Joined: 28 Jan 2010
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| Posted: Wed Dec 24, 2014 1:47 am Post subject: |
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| "Meanwhile, the December selloff in [the ringgit] on the back of the slump in oil prices looks overdone to us, and we expect the ringgit to correct slightly from its oversold levels," it added. The US dollar is up around 1.6 percent against the ringgit month-to-date. At the bottom of the barrel, ANZ tips the Korean won as next year's likely worst performer in the Asian currency space: "Korea's export competitiveness is being severely eroded from a weak [yen] and increased competition from China. The won's real effective exchange rate against the yen is getting close to all-time highs, and a weaker currency is needed." |
Read more at: http://www.moneycontrol.com/news/world-news/asian-currencies-set-forwild-ride2015_1260111.html?utm_source=ref_article |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Wed Dec 24, 2014 2:25 am Post subject: |
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One crystal ball is as good as another.
I believe the "financial experts" have made their bets and want others to play into them. |
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