World Currency Watch: FOREX Market, FOREX Trading BLOG

Make sure you own these two currencies!

Two central banks recently "tipped their hand" and basically told you they were going to ensure their currencies appreciated so that it's rise would help "rein in" inflation.

What are these two currencies that are the surest bets (as sure as investing gets anyway) out there in all of currency land? Drum roll please.......

They are the Singapore dollar and the Chinese yuan. Make sure you own them both. You can actually own them through one product at Everbank: www.everbank.com/sovereignsociety

Check out their Asian CD. It has them both in there, along with the yen and Aussie dollars, etc. So you've got a strong bunch of currencies there.

There's hardly any "steady growing" investments out there right now. Believe me, you want to have something like this as a piece of your portfolio as, what I believe to be, a stabilizing force and the best bet out there of any market and any financial instrument within any market.

These central bankers aren't stupid. They're not tipping their hands to give you and I some money. No, they're doing it for their own selfish interests as they choke out inflation. However, you and I get to reap the benefits as they "fix" their countries.

Sean Hyman
Currency Director
The Sovereign Society

China raises interest rates for a 6th time this year!

China raised it's interest rates once again. They raised overnight another 0.18% to 7.47% (wow, don't over do it, China!)

Their increases are paltry when compared to the growth of inflation and their economy. For instance, their CPI rose 6.9% in November (fastest pace in two years). Their economy is still growing at 11+% a year. That's huge! Most countries are growing at 1-3% annually right now.

So with inflation out of control and interest rates being raised...the yuan will continue to strengthen against the U.S. dollar in 2008. This will be one of the few "fast growth" stories in 2008 with the overall global economy slowing then.

I hate telling you something is going up and then not have a way to trade it and take advantage of it. So let's see what is available. The CNY (yuan/renminbi) is not easily traded or very accessible yet and they've made it that way purposefully.

However, my friend, Chuck Butler at Everbank (www.everbank.com) offers a Chinese Yuan CD that's held here in the U.S., not overseas. So if you want to take advantage of 2008's biggest growth story in a conservative way, then check out that CD. Tell Chuck that Sean Hyman, from the Sovereign Society, sent ya. He'll take care of you.

Don't worry, I don't get a commission check if you buy that bank's CD. I just want to make you aware of things that others aren't aware of. I want my readers to know about things others don't see.

Sean Hyman
Editor/Trader www.money-trader.com