A Real Godzilla In Japan ? USDJPY and Nikkei

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“Godzilla’s exact origins vary, but it is generally depicted as an enormous, violent, prehistoric sea monster awakened and empowered by nuclear radiation.” Source : Wikipedia “TOKYO—Deep beneath Fukushima’s crippled nuclear power station, a… Continue reading

4 TOPS IN DAX ?

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What is the significance of 4 tops ? Or is it a double top + double top ? 2 double tops ? It is all coming at a time when the street is… Continue reading

Gold Rush

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I bought some Gold last week  after I said I would but I really did not expect the ferocity of last Friday’s move. https://tradehaven.net/market/fx/good-news-or-bad-news-bad-news-for-em/ It really gives us something to think about as… Continue reading

Macro Outlook : Gunning For Green Shoots

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While the EM crisis rages on, the preoccupation is with capitulation in the days ahead as we head into month end. >> Reports are calling for further stress in the system – India… Continue reading

The Business Of Dying In Banking

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Aug 21 (Reuters) – The death of an intern working at the London offices of Bank of America Merrill Lynch has prompted calls for city firms to take more responsibility for the ambitious… Continue reading

USDSGD – The CPI Inflexion Point

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SINGAPORE JULY CPI 1.9% YoY vs expected 2.1%. SINGAPORE JULY CPI 0.3% MoM vs expected 0.6%. Aug. 23 (Bloomberg) — Gains in food and transportation costs contributed to quicker inflation, Statistics Department said… Continue reading

Singapore’s CNH Issues Update

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How are the hyped about CNH issues doing ? UNITED OVERSEAS BANK LTD 2.5 24-Jun-16 98.256 DBS BANK LTD 2.5 7-Jun-16 98.206 STANDARD CHARTERED PLC 2.625 31-May-16 98.413 HSBC/SINGAPORE 2.25 5-Jun-15 98.83 Affected… Continue reading

GOOD NEWS OR BAD NEWS = BAD NEWS FOR EM

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The outflows are slowing but INR is stumping the world to a new record of 65.56 yesterday and Indonesians are rushing to buy gold now.      Aug. 23 (Bloomberg) — Gold jewelry demand… Continue reading

ICHIMOKU CLOUDING SPX

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Someone just told me a chap bought a 1 day put on the SPX for tonight. I strained my eyes for this Ichimoku and it looks a little precarious perched at the moment.… Continue reading

SGD New Issue : United Envirotech 3Y 7.25% Guaranteed

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Aug. 22 (Bloomberg) — According to a person familiar with the matter. • Borrower: United Envirotech Ltd. • Currency: Singapore dollar • Tenor: 3y • Guidance: 7.25% (the number, will not tighten) •… Continue reading