Look at volatility from BOJ monetary policy on 18 December 2015 which turns out to be shocker. USDJPY, N225 initially rally, then falls. BOJ to buy ETFs.
Once China published CFETS RMB Index, it becomes clear why they have to devalue Renminbi. 12 currencies named in the index have been devaluing since 2011.
1. USDMYR at Asian Financial Crisis level. 2. Ringgit ranked 6th constituent in RMB index. Ringgit lost half its value to USD since 2011. USDMYR now at 4.3115.
China Foreign Exchange Trade System introduced RMB Index on Friday 11 Dec ’15 . It is a trade-weighted measure of RMB against 13 currencies of major trade partners.
Quick lesson recalling the concept of Wash n RInse with 5-minute chart of SiMSCI. Some reminders for tonight FOMC meeting (17 Dec 3.00am Singapore time).
Explaining the choice of FT100 short over DAX30 using the concept of relative strength.
Divergence between Dow Jones Industrial Average, Transportation index widens. Investors should keep an eye on this proven-time-and-again signal. Bearish.