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.
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.
XAUUSD price action convinced me with yesterday’s big rally that we are looking at month-month change compared to down trend from July to November. This in conjunction with features on weekly chart that we are seeing potential bottom.