Trading Is Pineapple Tart Business – EURUSD

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I like my pineapple tarts open faced. I suppose we can tell alot about a person by the sort of pineapple tart they prefer. For the encased tarts, it is all about the… Continue reading →

Fengshui 2014 : Only Fools and Horses Work

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Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. All the king’s HORSES and all the king’s men Couldn’t put Humpty together again. After last year’s CLSA Fengshui mishap, we… Continue reading →

Ad Hoc Commentary – the Wooden Horse Year: Greeks gave Franco-German a Wooden (Trojan) Horse?

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Nearly everyone in the markets is superstitious – you see it from the figurines, money plants, coins, and even the lucky tie they wear. Reuters has a good article on what does Hong… Continue reading →

Turkey Plays Chicken – It Has Just Started

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Yes. We rejoice with rate hikes from Turkey because we are not Turks with mortgages. The Turkish lira jumped 3.5% instantly but bondholders aren’t really cheering except maybe the USD bonds and some… Continue reading →

Ad Hoc Commentary – Turkey’s possibly futile attempt to prevent the unwinding of the USD carry trade

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“The Turkish central bank raised its overnight lending rate to 12% from 7.75%…” http://www.cnbc.com/id/101359309 Of course it stopped the rout of the Turkish Lira in the short term. By contagion, it also stabilized… Continue reading →

A funny thing happened on the way to 2014

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Even on New Year’s eve the S&P looked more or less healthy, market pundits from the talking heads on CNBC to your local real estate agent or hairdresser spoke of 2014 being another… Continue reading →

SGD New Issue : Suntec Reit 6Y 3.35%

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NEW ISSUE: SUNTEC REIT SGD 6YR REG S NOTES: PRICE GUIDANCE 3.35% Issuer:    Suntec REIT MTN Pte. Ltd. Guarantor:  Unconditionally and irrevocably guaranteed by HSBC Institutional Trust Services (Singapore) Limited (in its capacity… Continue reading →

The Discerning Lush- Kiwi Cuvee

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Out in a French restaurant a couple of evenings ago, my dining companions were tucking into a plate of Gillardeau oysters and had ordered a bottle of French Sauvignon Blanc. The menu didn’t… Continue reading →

Ad Hoc Commentary – the S&P500 sell-off should be short and sweet

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“The ideal target would be a sell-off into Feb 7; and a rally thereafter.” There is simply too much information and disinformation out there that it complicates the matter unnecessarily. In yours truly… Continue reading →

Do You Know That The Black Swan Is Invisible ? – Weekend Market Talk

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The reason is, it would not be a Black Swan anymore if we can see it. Lucky you if you had a fun filled weekend shopping in Chinatown, soaking in the lunar new… Continue reading →