Current News, continued

“EDD” or “ADD”? Look at the emerging markets bond fund ETFs.  Do investors suddenly believe that the best trade of the last few years is entering a crisis stage? 

I’ve been writing about Turkey (TUR, quote) for last 10 days on EmergingMoney.com

Last night I sat down with my friends at CNBC Asia to talk a little about the move in the Yen/NIKKEI (EWJ, quote) and outlook in Japan. 

Aussie dollar (FXA, quote) sees a major level here to hold at .9350 after losing another 1% last night as Asian currencies bled to new lows (see India) or testing lows of recent trend ( See Korea, Taiwan, Indo). 

In Brazil they just conducted a swap operation to try and support t the currency as the Brazilian real moved to 2.16 intra-day lows before the operation.

Fresh lows on the Brazilian Real…

Fresh lows for Aussie dollar (AUD)….

Slew of China (FXI, quote) data over the weekend and bottom line is nothing for bulls to run with. 

I said it Wednesday when the world was talking about the sky falling; I’d be a buyer of Japan just a bit lower. 

Japan’s TSE Mothers Index has been a mother of a trade and we have drawn attention to it in the early signs of cracking for 2 reasons (see emerging money posts Japanese stocks – Lookout below and Update – “Mothers Index”)