Singapore Expats Forum

Some interesting currency moves today

Discuss about any latest news or current affairs in Singapore or globally. Please DO NOT copy and paste news articles from other sources without written permission.
User avatar
Barnsley
Manager
Manager
Posts: 2131
Joined: Tue, 10 Jun 2008
Location: Pasir Ris
Contact:

Re: Some interesting currency moves today

Postby Barnsley » Wed, 13 Jan 2016 2:09 pm

Strong Eagle wrote:
Primrose Hill wrote:everything is getting smashed. FTSE, oil, currency. cash is king?


USA cash is king... but not very good for USA exporters.


Depends , if your product is quality people will buy , if you only compete on price then yes its not ideal!!
Life is short, paddle harder!!

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Re: Some interesting currency moves today

Postby JR8 » Thu, 14 Jan 2016 3:06 am

Primrose Hill wrote:everything is getting smashed. FTSE, oil, currency. cash is king?


FTSE?
Close 11-Jan 5872
Close 12-Jan 5929
Close 13-1Jan 5961

So there's a view it's beginning to perk up, though yes the last several months have been rough. Plus look at the Chinese economy, that might be perking up too (new from this evening) -> http://www.digitallook.com/news/market- ... 94859.html

Oil and Gas are being hammered, not least by OPECs intentional price-war.
'Do it or do not do it: You will regret both' - Kierkegaard

earthfriendly
Manager
Manager
Posts: 1869
Joined: Sat, 20 Aug 2005

Re: Some interesting currency moves today

Postby earthfriendly » Thu, 14 Jan 2016 3:55 am

This may come handy as we watch our assets slide :devil:

https://www.facebook.com/unify/photos/a ... =3&theater

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Re: Some interesting currency moves today

Postby JR8 » Thu, 14 Jan 2016 5:26 am

I'm not a 'doomster'. When would you rather buy shares, when they're cheap, or already expensive? It's only human nature that holds back from doing the former. So go and find a stock-picking algorithm, it's much easier when your emotion is removed from it and you simply let the data and maths 'tell you what to do'... :)
'Do it or do not do it: You will regret both' - Kierkegaard

Primrose Hill
Chatter
Chatter
Posts: 433
Joined: Tue, 05 Aug 2008

Re: Some interesting currency moves today

Postby Primrose Hill » Thu, 14 Jan 2016 8:16 am

too busy watching my funds slide

Primrose Hill
Chatter
Chatter
Posts: 433
Joined: Tue, 05 Aug 2008

Re: Some interesting currency moves today

Postby Primrose Hill » Thu, 14 Jan 2016 9:04 am


earthfriendly
Manager
Manager
Posts: 1869
Joined: Sat, 20 Aug 2005

Re: Some interesting currency moves today

Postby earthfriendly » Thu, 14 Jan 2016 9:14 am

Yes. Buy low and sell high is the way to go. Unless one has use up his/her cash reserve and completely invested in the market already. Including buying a portion of his/her position at the peak. Well, at least I still have this forum :mrgreen: . Life is not so bad after all.

User avatar
lucassmith
Regular
Regular
Posts: 60
Joined: Wed, 30 Dec 2015

Re: Some interesting currency moves today

Postby lucassmith » Thu, 14 Jan 2016 3:12 pm


User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Re: Some interesting currency moves today

Postby JR8 » Thu, 14 Jan 2016 5:02 pm

Primrose Hill wrote:what do you think? doomsayer?


Sometimes I read stuff like that and wonder whom the intended audience is. All the melodrama, instead of reasoning and rationale. What I do know though is that 'bad news sells', so doomsters are ten a penny during challenging times. And the writer?

'Larry Edelson, one of the world’s foremost experts on gold and precious metals...'

Gosh that's modest of him :) That being the case it's curious he doesn't even have an entry on Wikipedia.

After preaching hellfire and damnation he ends with this...
'P.S. We are on the cusp of the most profitable bull market of our lifetime. Stocks will be driven higher by powerful global undercurrents that Wall Street will either ignore or fail to understand. As the Dow doubles, some stocks will see explosive gains of 300%, 400%, 500% and more. Savvy investors who make the right moves will become very rich!'

He has something to sell to every audience it seems...
'Do it or do not do it: You will regret both' - Kierkegaard

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Re: Some interesting currency moves today

Postby JR8 » Thu, 14 Jan 2016 7:09 pm

What's going on...
[Opinion of the FTSE, issued an hour ago]
---
'For once, Chinese markets took their lead from the Western world, with yesterday’s crash in US markets dragging both European and Asian markets with it. The issue here is that before long people will forget why they are selling, but continue to sell simply due to the fear factor.

Yesterday felt like the beginning of that. US crude inventories actually rose less than expected yesterday, which ordinarily would have been bullish for oil prices, yet once more the trend was the most important thing and everyone is looking for another reason to sell crude, which of course means the FTSE 100 in particular is dragged lower once more.[*]

Today will see traders focus upon the Bank of England provide its votes, statement and minutes as it will once more opt to keep rates on hold. In the current climate of tumbling oil prices, crashing stock markets and a likely next leg lower for inflation expectations, it is clear the UK rate hike forecasts continue to push further back day by day.'

http://www.ig.com/uk/market-update/2016 ... eins-30086

[*] The 'Oil and Gas' sector has a disproportionate representation in the index.
'Do it or do not do it: You will regret both' - Kierkegaard

User avatar
Wd40
Director
Director
Posts: 3829
Joined: Tue, 04 Dec 2012
Location: SIndiapore

Re: Some interesting currency moves today

Postby Wd40 » Thu, 14 Jan 2016 8:36 pm

http://www.bloomberg.com/news/articles/ ... -with-yuan


Hong Kong's currency peg could break. I wonder what it's implications will be. My company's and lots of other companies's private pension funds are managed in Hong Kong in HKD. I need to research whether these funds are HKD hedged or not. If they are not hedged then its okay as the underlying stocks values in their native currencies will shoot up if HKD falls.

Sent from my Redmi Note 2 using Tapatalk

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Re: Some interesting currency moves today

Postby JR8 » Mon, 18 Jan 2016 3:11 am

I found this recap useful. During the week he opinions twice a day. Despite which sometimes come the weekend you can be so bamboozled you're grasping to get the bigger picture...
Here is this w/e's overview, highlighting China, vs UK, vs US.
https://www.spreadex.com/financials/mar ... ng-update/
'Do it or do not do it: You will regret both' - Kierkegaard

Primrose Hill
Chatter
Chatter
Posts: 433
Joined: Tue, 05 Aug 2008

Re: Some interesting currency moves today

Postby Primrose Hill » Tue, 19 Jan 2016 11:45 am

Have a look at today's Daily Wail.
http://www.dailymail.co.uk/money/commen ... -dead.html. Very true.

Primrose Hill
Chatter
Chatter
Posts: 433
Joined: Tue, 05 Aug 2008

Re: Some interesting currency moves today

Postby Primrose Hill » Tue, 19 Jan 2016 11:47 am


User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Re: Some interesting currency moves today

Postby JR8 » Tue, 19 Jan 2016 4:20 pm

Ah the Daily Mail, moaning about the ruined UK pensions system... again

Of more interest is the FTSE opening this morning (currently up 120) and trying to fight it's way through major resistance at 5900. If it hadn't already had to put on +120 to get to the hurdle I'd give it some hope; but I reckon it's going to run out of puff and give back some the gain and then wait for a cue from Wall Street later today...
'Do it or do not do it: You will regret both' - Kierkegaard


  • Similar Topics
    Replies
    Views
    Last post

Return to “Latest News & Current Affairs”

Who is online

Users browsing this forum: No registered users and 1 guest