Have you ever imagine that on this planet earth we inhabit, there are over 100 currencies in different countries of the world; but are not exchanged at the same rate! Hats just the beauty about it. One currency becomes expensive than the other.
As such, there emanate central Banks of countries that help regulate exchange rates of their currencies against others. Consequently, a foreign exchange market emanates a platform that allows over 3 trillion dollars to be exchanged across the world, quite outrageous! He who shares in this cake is a master of currencies; whichever and whatever it is been called, from the United States USD to the Hong Kong HKD. However, it involves persistency and patience, success doesn’t happen overnight.
In view of this, we’ll like to say a big thank you to all those that have brought about smiles to the faces of some people, maybe u ,maybe me; starting from the vibrant fed Reserves Bernanke, he’s been very faithful to his rate cut’s, the credit crunch and the surprime Mortgage We say. Thumbs up to King BoE for hike in interest rate during the course of the year until the last quarter of the year when he figured out a cut will be necessary. Much love for the resilient ECB President Trichet for keeping the EURO on a tight clean whatnot forgetting Mr. Fukui of the silent Bank of Japan that has been ridden off by carry trades.
The overwhelming pips from the NFP’s will never be forgotten, we’ll continue to appreciate the Canadian employment, we’ll always be thankful to those at the Institute of Supply and management. The Core Retail Sales that have garnered those pippy clouds will never be erased in our memories. To all those goods that have become durable, we wish you’ll continue to be good goods. The CPI’s that’s on check, two thumbs up 4 you!
However, as we cruise into the new year with a whole number of speculators in the market, lets be truthful and faithful to our world, lets take chances and not close up chances. If the oil price is worth where it is right now, lets live it at that!what?isnt it that oil price is going to hit the 100dollar mark? Anyhow,time will tell, OPEC be prepared but cant you just ask yourself, who reaps heavily from an upward oil price?perhaps,the BIG GUYS! To the Big Guns-Goldman Sachs, Bloomberg, Merryl Lynch, Dow Jones Newswire, and a whole lot of others, No more write downs! The emerging markets, keep on the upside; we’ll continue to stand on the fence of diversity, see you on the pip side of life!