dnari131 » October 23rd, 2015, 4:20 pm
Video: IMF Board Expected to Make Yuan Decision Next Week
11:32 AM PDT October 23, 2015
FrostyTheSnowman » October 23rd, 2015, 4:26 pm
Look who's coming to dinar ... uh, make that dinner.
Aggiedad77: Well I KNOW everyone else's mouths aren't fully of cookies
So I'm not sure of the reason for so few posts
Unless it has to do with a "slow" week, or everyone left early for the weekend
I remember a post from WS yesterday where Baghdad security was asking for no demonstrations today.....they were to have security in use elsewhere......do we know if that was effective so there were no demonstrations today?
Frank26: For about eight months now ......... Organized demonstrations are done EVERY Friday in Baghdad.
This was A's (Abadi’s) idea. KTFA Frank
wmawhite we think that the change in value of the IQD is the only important item on Iraq's plate...sadly, it is only one of many.
All of the pieces we know about are dependent upon each other...including the IQD. thankfully, the process has speedup...and is coming soon.
Iko Ward: What Forex Means to US Now
Hello Everyone, This post is to help folks understand what Forex is and what it is not in reference to our investment. No doubt, experienced Forex Traders will have their own opinions but please try and limit your input to the topic.
Some basics. Forex is an organization the international banks and financial entities use to help them conduct various international currency transactions. These are multi-million dollar deals. They are most famous for currency trading and speculation, but they serve an entire industry based on the fiat system of economics.
It is very complex, and much of it depends on hi-level access and insider knowledge. For a basic primer, see
For the past two years I have been studying Forex in relation to the basket currencies to see how it relates to other intel we’ve been getting. I found there was a pattern. Every time a serious, verifiable attempt was made at an RV, Forex clearly showed a favorable rise in the Dinar rate the night before.
As more and more examples were proven, this became an indicator. Over the past six months this has become an acceptable method of helping to track the RV. It is not the sole indicator, but one of many. The nice thing about it is the black and white nature of the data. Numbers don’t lie, sort of.
Forex is worth monitoring now because they are setting trading spreads for their clients based on what the CBI leaks and what they are hearing from their high-level contacts in the three letter agencies. We get to see these spreads every day and interpret their meaning for our own needs.
What we always must bear in mind is Forex exists for the banks and big traders, not for the little guy. My favorite description of Forex likens it to a snake infested island surrounded by shark infested waters. Forex would not exist without the Fiat Currency. So it is a fictional overlay on a fictional system. It’s money made out of thin air and digital manipulation.
1- Forex does not set the international rate for Dinar. The CBI does that. But the CBI is also playing games, so right now Forex can only suggest a daily rate. That is why they always go back to the CBI’s 1166 at least once a day.
2- After the RV Forex may or may not be posting rates. The CBI may or may not be posting rates in the first few days, but eventually the CBI will be the sole arbiter of the rates. Platforms like Oanda and XE will be posting rates also and your bank may have another rate entirely. In the first few days you’re going to have to do your homework or trust your bank. I will be looking at as many rate posters as I can find.
3- Whether or not you think it is worth watching Forex pre-RV is your choice, but a great many people who seem to know what they are talking about have adopted this indicator as part of their portfolio. I continue to see it as valuable.
As always, whenever I try to define Forex and it’s relevancy to our investment I fall short. Maybe the simplest thing to say is right now it is worth monitoring, but once we have an official RV it may not.
The trick to monitoring Forex is to take all the other intel out there and then mix it in. The best you will get is an informed guesstimate. But the Empire State Building was built on an informed guesstimate. No one had ever built a steel girder building that tall. We’re just going to have to wait and see.
Yekooche: Wall St. tech rally gets a boost from China rate cut
REUTERS Fri Oct 23, 2015 1:02pm EDT
All three major U.S. indexes rose to more than two-month highs on Friday, after a surprise rate cut in China amplified a rally driven by strong results from Microsoft, Alphabet and Amazon.
Microsoft's (MSFT.O) shares rose 11.61 percent to $53.61, their highest in 15 years, after the company's adjusted revenue beat expectations for the ninth quarter in a row.
Microsoft gave the biggest boost to the three indexes, accounting for about a third of the near 100-point jump in the Dow and leading a strong rally in technology stocks.
Alphabet (GOOGL.O), Google's new holding company, and Amazon (AMZN.O) soared to record highs after their results beat expectations. Alphabet rose 10.5 percent to $752.50, while Amazon rose to $619.45.
Apple (AAPL.O) rose 2.6 percent to $118.47. Facebook (FB.O) rose 2 percent to breach the $100 mark for the first time, while Twitter (TWTR.N) was up 3.9 percent at $30.27.
"Of all the companies out there, it's the tech companies ... that are doing the best at growing their top line," said Tim Courtney, chief investment officer of Exencial Wealth Advisors, who added that revenue growth was still the biggest risk for U.S. companies.
At 12:27 p.m. ET, the S&P 500 .SPX was up 17.18 points, or 0.84 percent, at 2,069.69, back in the black for the year, while the Dow Jones industrial average .DJI was up 101.65 points, or 0.58 percent, at 17,590.81, about 250 points shy of turning positive for the year.
The Nasdaq composite index .IXIC was up 98.02 points, or 1.99 percent, at 5,018.07, poised for its best day this month. The S&P information technology sector's .SPLRCT 2.9 percent rise led the six gainers among 10 major S&P sectors.
China's central bank cut interest rates for the sixth time since November on Friday in another attempt to jumpstart a slowing economy.
"Some of the worst fears associated with China were put to bed, at least temporarily," said Ernie Cecilia, chief investment officer of Bryn Mawr Trust.
Global markets extended gains after the news from China, a day after the European Central Bank signaled that it was ready to extend its stimulus plan.