Retired Trader Says Watch the Mega Moves Coming
The overstretching of the fx markets in the month of Jan has left the world now vulnerable to a mega move. That EURJPY has appreciated 10% in the month of January is surely… Continue reading
The overstretching of the fx markets in the month of Jan has left the world now vulnerable to a mega move. That EURJPY has appreciated 10% in the month of January is surely… Continue reading
Someone just reminded me about my interview with the former trader and that he forecasted EUR/USD to break above 1.3550 before plunging down to 1.26 eventually. It is starting to look that way… Continue reading
It is 94/95.50 this morning so I thought I would write about it. We, in Singapore, like to believe that bonds cannot go wrong especially for bonds like Reliance Industries, a good proxy… Continue reading
These posts will serve me, primarily, as my archive of daily musings I mete out to my chatrooms because some of the headlines are just too fantastic to forget. Warning : Will also… Continue reading
Singapore Car Stats 2012 (numbers sold) : BMW 5,039 MERCEDES 4,323 TOYOTA 4,272 VW 3,567 AUDI 1,679 VOLVO 1,066 HYUNDAI 1,155 LAND ROVER 384 NISSAN 687 KIA 600 HONDA 515 PORSCHE 507 JAGUAR… Continue reading
Sibor, Sibor Go Away. There is no one left to play. Tongue in cheek of course. Just got to thinking what would happen if SIBOR was abolished as indeed some rumours have it… Continue reading
There is a mental connotation that if junk sells, stocks will fly. And thus junk bond prices are usually positively correlated with stock indices. And I was right. Higher and higher coupons coming.… Continue reading
Feels like a Hit and Run ! For a company (market cap USD 1.2 bio about 2.5 times less than its 2009 market cap) that has not tapped the market since 2009, they… Continue reading
So it is a fact. That we are all subjects of central banking experiments so the central bankers can all leave at the end of their term to write textbooks and their memoirs.… Continue reading
The Germans are in fact as afraid of the Americans as they are of themselves When the Bundesbank called up the Fed New York last Wednesday, 16 January, to ask to take back 300 metric tonnes… Continue reading