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Category Archives: Long Term Investment

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MAS policy shift today is an ultra-significant signal

MAS Monetary Policy Statement shifts to neutral today. This is an important signal for the forex market given the ‘coincidence’ last time such a decision was made was in October 2008.

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GBPUSD 12 M chart 1970 - present

WTI not alone – GBPUSD one other currency pair at gen-low!

GBPUSD trades below key level that it has never closed below at year end since 1986. Is this the first successful break in 30 years or compelling generational low to long term investors? And then the other is AUDCHF.

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USDCNY overlaid with currency pairs of 12 major trading partners

12 reasons why China is devaluing RMB

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.

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USDMYR monthly chart from 1994 - present

Some facts and figures about Malaysian Ringgit

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.

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People's Bank of China

RMB inclusion to SDR basket new forex dynamic

IMF announces inclusion of the Chinese Renminbi to the SDR basket. There will be a new forex dynamic as funds re-allocate their foreign reserves.

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PBOC-Yuan just a latecomer to the devaluation game

PBOC’s Yuan devaluation is 2 years late. Despite big hooha, PBOC has maintained a very stable exchange rate with the greenback. Biggest culprit is Japan.

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