Equitable Resources Capital Trust I, 7.35% Capital Securities (ERE)
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- New Zealand Cuts Rates, Euro Falls [view article]
- The Complete List of Currency ETFs [view article]
- The ECB Remains Hawkish [view article]
- Do Foreign Currency ETFs Have a Place in Your Portfolio? [view article]
- 3 Things That Could Reverse the Dollar Rally [view article]
- Currency ETFs and ETNs [view article]
- Reasons To Short the Euro [view article]
- Market Predictions: 'Crazy' About the Dollar [view article]
- Five Forces Driving the Euro Down [view article]
- Euro Slumps to Five Month Low Against the Dollar [view article]
- Struggling ETFs [view article]
- 3 Currencies to Think About Shorting [view article]
Recent ERE Articles
- Interactive Brokers FX Summary
- Interactive Brokers FX Summary
- New Zealand Cuts Rates, Euro Falls
- Interactive Brokers FX Summary
- The ECB Remains Hawkish
- The Complete List of Currency ETFs
- Do Foreign Currency ETFs Have a Place in Your Portfolio?
- 3 Things That Could Reverse the Dollar Rally
- Market Predictions: 'Crazy' About the Dollar
- Five Forces Driving the Euro Down
- Full List of Articles »
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New Zealand Cuts Rates, Euro Falls [view article]
An update... There has been no cut... True OPEC agreed as a group to cut production (kinda...) but in today's S.F.Chronicle, it was reported that Saudi Arabia has been running around behind the scenes letting everyone know that they intend to keep pumping. So in truth, there has been no **real** cutback, just OPEC board-room chatter.Makes you wonder if the Saudis would like to see a continued Republican regime here in the US, doesn't it... Clearly Iran and Venezuela are ready to turn the screw... Hmmmm ..
Anyway.. Always like your perspective.. Particularly as I know little about the monetary side of the market ... Did catch a TDAmeritrade webcast with you though ...
jegan ;-) Reply
Carson
The Complete List of Currency ETFs [view article]
FLYLOW, Philman and CTA: Thanks for your comments.Yeah, CTA, we also noticed the low correlation of CYT with the Yuan. Bummer!
By the way, Barclays just launched another bundled currency ETN-
(Barclays GEMS Asia 8 ETN. Symbol on NYSE Arca- AYT). This ETN bundles eight Asian currencies making it a bit too region specific for my tastes. I find JEM a much better world-wide diversified play with a significantly higher yield.
Murray Coleman of IndexUniverse wrote an excellent post about AYT last week which is an excellent overview worth reading if you are following or utilizing currency ETFs/ETNs: (www.indexuniverse.com/...)
Reply
The Complete List of Currency ETFs [view article]
The WisdomTree Chinese Yuan Fund doesn't seem to be following the Yuan very closely ... based on my analysis, the fund has an approximately .69 correlation with the Yuan. Not very impressive.For comparison, a while back I did some analysis on the British Pound ETF and I think that had a perfect 1.00 correlation with the fund Reply
The ECB Remains Hawkish [view article]
It seems like it will be a tall order for the Euro to recover after the recent currency dislocations. There have been huge moves in the last month alone. I remember many business leaders in Europe calling for rate reductions. The unemployment and GDP numbers will call this. It will be interesting to see who is right. ReplyThe Complete List of Currency ETFs [view article]
Good work! A lot of meat in this article. No fluff. Nice! ReplyDo Foreign Currency ETFs Have a Place in Your Portfolio? [view article]
Thanks. I found this article to be useful.One currency bundle I'd like to see...All world except US currency. Reply
The Complete List of Currency ETFs [view article]
Excellent overview -thanks! ReplyCarson
Do Foreign Currency ETFs Have a Place in Your Portfolio? [view article]
Thanks again Ray...Great Primer on currency investing! Bobco23:You might also consider BSR and GCE for diversifing your portfolio (see our article on JEM, BSR and GCE at aboutetfs.com/featured.../ Good luck! Reply
Do Foreign Currency ETFs Have a Place in Your Portfolio? [view article]
Thanks for a very useful article. With an Obama win likely, I am looking for a way to play stagflation. I thought the Swiss Franc might be a good place to put a portion of my growing cash position (45%) to work for both safety and income reasons. Your article gives me more ideas and options. My equity portfolio is heavily weighted to energy, commodities, and pipeline utilities; with a smaller exposure to technology and electric utilities. Currency ETFs will give a bit of diversification on the cash side. Reply3 Things That Could Reverse the Dollar Rally [view article]
you do realize that the dollar moved very fast upward. i have yet to hear any argument to support that rapid of movement which make sense.i believe the world banks moved in concert to re-price the dollar. end of story. Reply
3 Things That Could Reverse the Dollar Rally [view article]
long term helps for usa: uaw is dying and race and gender and national origin quotas will eventually be outlawed. Reply3 Things That Could Reverse the Dollar Rally [view article]
onzilla:seekingalpha.com/artic...
"Investors in the U.S. have responded positively to a firmer U.S. dollar, says Merrill Lynch North American economist David Rosenberg, but there is a darker side to the story.
Mr. Rosenberg said in a research note that the rising dollar has likely had an impact on commodity markets and the recent drop in oil prices, a situation that investors have welcomed. “There is no doubt that the decline in oil prices is good news from a margin-supporting standpoint, as well as helping put at least a tentative floor under consumer confidence levels,” he said. Mr. Rosenberg added that a decline in commodity prices and a stable–to-firm U.S. currency are bright developments – especially since they have contributed to lower inflation expectations.
However, he noted that one of the main reasons for the rise in the U.S. dollar is that economic conditions outside the U.S. have been deteriorating, with real GDP contracting in Japan, Germany, France, Italy and Hong Kong. “We also know that Canadian GDP contracted in the first quarter with little bounce in the second quarter.”
The economist noted, though, that the share of U.S. corporate profits dependent on the dollar and domestic demand overseas recently hit an all-time high of 25%. “This heavy reliance on the global economy, in turn, leaves the earnings outlook more vulnerable to shifts in economic conditions than ever before.”
It is conceivable, he added, that a global slowdown could see the foreign segment of U.S. profits decline by as much as 20% year-over-year. And with no clear indication that the U.S. housing and financials markets have bottomed in the U.S., "it’s a possibility that corporate profits could decline another 25-30% from here.”
“This isn’t our forecast, but we believe it is conceivable – and much more likely that the current consensus forecast of an increase of 23% for S&P 500 earnings.”
So maybe is DOES actually matter that the dollar rise is merely based on the dollar not sucking as bad as the Euro, and only so right now. Reply
3 Things That Could Reverse the Dollar Rally [view article]
My advice, for what it is worth, is do the opposite to Kathy Lien and you should make a fortune. Kathy has been telling us for months that the dollar's fortunes are about to improve; unfortunately not so, the recent rally was a short term blip, the long term trend is still down against all major currencies apart from the pound sterling. The pound is about to continue its long-term decline, particularly against the dollar, while the Euro will replace the dollar as the world's reserve currency. Euro short-term government bonds are therefore a good safe-haven for equity investors: wait patiently while the storm blows over. Reply3 Things That Could Reverse the Dollar Rally [view article]
My advice, for what it is worth, is do the opposite to Kathy Lien and you should make a fortune. Kathy has been telling us for months that the dollar's fortunes are about to improve; unfortunately not so, the recent rally was a short term blip, the long term trend is still down against all major currencies apart from the pound sterling. The pound is about to continue its long-term decline, particularly against the dollar, while the Euro will replace the dollar as the world's reserve currency. Euro short-term government bonds are therefore a good safe-haven for equity investors: wait patiently while the storm blows over. Reply3 Things That Could Reverse the Dollar Rally [view article]
onzilla,I know what I don't know, too. And that's why I've been trying to get someone to answer the questions. I see that you didn't even attempt it, I wish you had, because I really want to know what the outlook is for the USD long term.
If your point regarding "market makers" is that there is so much trading in the dark pools that analysis of overall positions would be difficult, you may have a point. But I don't believe that the declaration of the "Protected-19&quo... wasn't timed to induce a short squeeze. I'm not that naive. Reply