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Double Shot Interview: Chris Weston from IG Markets talks about turmoil in global currency markets and what might happen next

Double Shot Interview: Chris Weston from IG Markets talks about turmoil in global currency markets and what might happen next
9th Oct 10, 10:00pm by Bernard Hickey

Chris Weston from IG Markets talks in this Double Shot interview about what's happening on global currency markets.

He talks about the prospect for a second round of Quantitative Easing by the US Federal Reserve.

He says markets may 'buy the rumour and sell the fact' of such money printing, triggering a bounce in the US dollar once it happens.

He also talks about the rise in gold and how many investors are looking at metal stocks on the ASX as a proxy for such a rise.

Weston talks about the prospects for the Australian dollar, the US dollar and the Euro.

Chris Weston spoke at a seminar on global foreign exchange markets at the Langham on Saturday.

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9 Comments

by  muzza  |  9th Oct 10, 10:30pm 1286616603

Does it make any sense to have money in the bank or is it better to have real estate??

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by  Gummy Bear Hero  |  9th Oct 10, 10:56pm 1286618194

Oh , definitely better to have it in real estate ............ oh yessssss ! And whilst we're on the subject , ummmmmmmm , would you like to buy my house , the Gummy Bear Herostead ?

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by  Alen1  |  9th Oct 10, 11:29pm 1286620174

Two weeks ago Washington Post economic commentator invoked Smoot-Hawley Act as he called for trade war against China .

Act, passed by the US Congress in June 1930 to impose a series of tariff barriers, was regarded as one of the principal causes of the downward spiral in world trade from 1929 to 1932 and the division of the world , leading eventually to world war. 

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by  Christov  |  10th Oct 10, 3:38pm 1286678311

Good to see you back Ostrich....some valuable points you have made there and yes I have thought for some time now that there is a definite  Anti-American sentiment ever present on the site.

Did you have a squiz at the Friday 90 at 9.....your thoughts appreciated. 

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by  steven  |  10th Oct 10, 8:33am 1286652833

http://www.youtube.com/watch?v=00uCbUWG9aE

 

this funny

not.............

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by  Nicholas Arrand  |  10th Oct 10, 3:54pm 1286679276

Then surely the Aussie at .9825 has to be an even better sell. '92? Wasn't that when Soros bought dollars against the pound ( although I believe Krieger was the impetus) ;days remembered, that still have me waking in a cold sweat.

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by  Andrewj  |  10th Oct 10, 8:58am 1286654329
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by  steven  |  10th Oct 10, 9:26am 1286655995

I dont believe for an instant China does not realise it could control the world currency market...these guys are just as intelligent as anyone in the west but think long term, and with depth and skilled opaqueness and will take losses short term (and remember who they lost to and get even) in order to win the end play.....

This is the end play....on top of that they have their backs to a wall, its chinese un-employment and in-stability resulting....they have no social security net and control is marginal in many areas. Are "the west"  that stupid to think they will willingly drop into anarchy because the west "insists", no, worst case they will take us with them...best case they will survive in a better state...

I mean asia is going to pass the USA and EU as THE world market....(2015?)  who need who?

regards

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by  Christov  |  10th Oct 10, 3:50pm 1286679034

Here you go Steven.....it wont....that's it....I don't think they( China) are stupid ..or .backward.or any other China phobic term you can find......it isn't just America Steven the rest of the world does not want China to control the world currency market either..... .end of story.

I mean as long as your proverbial points to the ground....America is our ally not China and where America goes Australia will follow with good reason or not....

I have noted in many threads Steven (that I have enjoyed and appreciated) there is always a negative attached to the combo word "The West"......any reason for that you can put your finger on..?

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