The iPod Index for Forex
January 18th 2007 06:42
Simply look at the iPod index to guage the direction of the foreign exchange markets. Thanks to CommSec.
" In a sign of the times, a Sydney-based bank has developed a new indicator for foreign exchange movements based on Apple's iPod music player, and as an alternative to the long-standing Big Mac Index.
Launched today, the CommSec iPod Index is predicting a 15 per cent drop in the Australia dollar against the US dollar - music to exporters' ears. "
Source: iPod Index predicts dollar slump
Benkaiser.NET: Soon we would be trading using iPods. Why not?
" In a sign of the times, a Sydney-based bank has developed a new indicator for foreign exchange movements based on Apple's iPod music player, and as an alternative to the long-standing Big Mac Index.
Launched today, the CommSec iPod Index is predicting a 15 per cent drop in the Australia dollar against the US dollar - music to exporters' ears. "
Source: iPod Index predicts dollar slump
Benkaiser.NET: Soon we would be trading using iPods. Why not?
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