Straits Times Index STI gains 6.5% full year 2014 with 20 gainers, 10 losers among components stocks. Q4 heatmap tells different story as more companies are painted red.
Due to uncertainties in Russia, Axitrader suspends Russian Rouble (Ruble) trading. Currency pairs affected are USDRUB and EURRUB. Axitrader has published a schedule of dates, action for forex traders to take note.
Someone told me this in a seminar “If ever anybody said that #WTI will trade sub 60 region (below $60) 2 months ago, those fund managers and bankers will shoot you down”.
Well, I’m shot! I said it.
A crisis in the Russian Ruble erupts. In the last 24 hours, RUB plunges against US Dollar. The Bank of Russia hikes rates from 10.5% to 17%, the second time in a week. Various forex brokers stop USDRUB trading. In the meantime, Russian citizens rush to convert their plunging currency into physical assets.
Bearish on oil since $97 region. Traders did not believe the levels we said oil will go to but we put them here again for record.
USDHKD approaches 7.75 on LERS after 3 months. Coincides with DXY due for correction, record Rouble weakness and high reference exchange rate fix by PBOC.
Japanese Yen (JPY) shorting is a strong theme as long as Abe/Kuroda continue stimulus. I introduce a simple way to filter best JPY pairs to trade.