The Traderszone Network

Greg Gibbs, Senior Currency Strategist at RBS, says the greenback will remain on an uptrend this week.

In what appears to be an awkward moment of uncomfortable fact, ABC reports satellite imagery reveals an area of about 20 million square kilometres covered by sea ice around the Antarctic continent – the highest level of coverage since records began. This is the 3rd year in a row that the sea ice coverage has reached a record level – increasing at 1.5% each decade since 1979.

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Submitted by Jeff Thomas via Doug Casey’s International Man blog,

[A] crash is coming, and it may be terrific. …. The vicious circle will get in full swing and the result will be a serious business depression. There may be a stampede for selling which will exceed anything that the Stock Exchange has ever witnessed. Wise are those investors who now get out of debt.

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As China’s shift to a consumer economy progresses based on the urbanization of its agrarian ‘poor’ population, an odd thing is happening at the other end of the demographic wealth spectrum. As WSJ reports, nearly half of wealthy Chinese are planning to move to another country within the next five years, according to a new Barclays survey.

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Japan’s broad TOPIX index is lower this evening after the holiday weekend – following a six-day rise – led by Real Estate, Mining, and Banking sectors as traders suggest “the mood is to hold back ahead of the Fed meeting.” China’s dismal data and comments about no imminent rate cut have done nothing to tamp down enthusiasm for Shanghai Composite stocks as the Chinese government “unveiled guidelines to support the development of the stock market, pledging to make blue chips bigger and stronger and more actively traded,” though HKSE is delayed for now due to

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Never waste a good crisis. While we already knew a major reason for The West chasing into Africa was to leverage its relatively low credit levels as the last bastion of Keynesian-stimulus-hope in the world (estimated at between $5 and $10 trillion in secured debt, using its extensive untapped resources as first-lien collateral).

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Asian shares held near one-month lows on Tuesday as investors braced for a possible hawkish shift in the U.S. Federal Reserve’s policy stance as the Fed begins a two-day policy meeting later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed near one-month low hit on Monday after seven consecutive days of falls. Japan’s Nikkei stock average (.N225) shed 0.3 percent, catching up after Tokyo markets were closed for a local holiday on Monday.