FX Update : EM crushed again
It started this morning with the Japan trade deficit. But look at the way 2 reports put it. NEGATIVELY “The trade data released by the Japanese custom office was worse than the market… Continue reading
It started this morning with the Japan trade deficit. But look at the way 2 reports put it. NEGATIVELY “The trade data released by the Japanese custom office was worse than the market… Continue reading
Actually the high last week was on National Day 2.5838, which was probably due to illiquidity. We went off last Wed at 2.56. The high on record was a short lived one during… Continue reading
“…vacationers evacuated a central Florida resort building before a sinkhole caused a section of the villa to partially collapse early Monday.” Source : CNBC http://www.cnbc.com/id/100956354 Now they say Tiger Woods’ house is sinking.… Continue reading
How does it feel that markets are exhibiting the same patterns as E Coli ? Diarrhea and vomit inducing bacteria ? It feels just right ! “Using lab-based synthetic biology, experiments in bacterial… Continue reading
I tried to see if I could catch any remnants of the Perseids meteor shower peak last night from our vantage point in Singapore. Excited, I spotted a few glitters in the sky.… Continue reading
AUD and NZD It was all about the AUD. If you are wondering how a milk scandal could be good for a currency, try living on planet Earth. Yes, even the Brazilian ban… Continue reading
A pleasant surprise on Hari Raya Puasa and the National Day , Singapore was rewarded with a big black candle in the USDSGD chart. We have broken into the Ichimoku cloud ! “Aug.… Continue reading
“JAKARTA, Indonesia—Investors are souring on Indonesia as growth slows and a contentious election approaches. Some investors see more trouble ahead. Indonesia is one of several emerging markets dealing with slowing growth, high inflation… Continue reading
The Ichimoku cloud hangs like a shroud over the USDJPY. It is a fool’s errand to run on the Ichimoku when the USDJPY has become a proxy for the risk on trade and… Continue reading
7 September Australia. 22 September Germany. RBA on 6 Aug where a 0.25% cut is expected. Based on the OIS 0.5% is expected in the next 12 months according to the Credit Suisse… Continue reading