An Old Man Once Said, Do Not Trade JPY
Some old mates and I attended this fx seminar ran by an 82 year old chap a couple of months back. Whilst we took away some very important lessons from this market veteran… Continue reading
Some old mates and I attended this fx seminar ran by an 82 year old chap a couple of months back. Whilst we took away some very important lessons from this market veteran… Continue reading
Twin deficits is a way of life. The word used to be as bad as stagflation 1-2 decades back if you ask me yet it has now become accepted as the norm. It… Continue reading
Humour me as I try and piece this all together. China started this currency war game in 1995 when they pegged their currency to the USD. That lasted for 10 years. During that… Continue reading
Its been a Turkey sandwich year. Sandwiched between the Syrian conflict, Iran nuclear impasse and its own internal strife and riots. Its economy not flourishing as it had in the past, unemployment soaring… Continue reading
Indian Rupee down 1.98% today but I believe the typhoon was in Philippines. Indonesia bucked trend with their surprise rate hike. Thailand considerably unfazed by their Amnesty bill. For the month of November,… Continue reading
For all the similarities between Singapore and Hong Kong, their monetary and foreign exchange policies cannot be less than a universe or two apart. The first thing anyone who is forcibly posted back… Continue reading
Perhaps it was the solar eclipse yesterday that sapped the energy out of me. Or perhaps it had to do with my insane whopper of a bbq session last night that involved roasting… Continue reading
One good thing that emerged from the mini EM crisis that erupted in Jul, lasting into August is that markets have become more discerning over this whole EM business. The ensuing correction over… Continue reading
It has not been a good week for the Euro with mostly bad news, higher Sep unemployment (12.2%, a record high) and lower Oct CPI (+0.7%, weakest since 2009), leading some to speculate… Continue reading
2 Main Developments in Australia last week No shutdown in Australia and the debt ceiling hike went as smooth as a whistle and Fitch affirmed their ratings. http://finance.yahoo.com/news/fitch-aussie-debt-ceiling-hike-080558388.html A cash injection of AUD… Continue reading