It’s already coming to the end of Jan 2015 so I thought I probably write part 2 of my 2014 investing and trading review before we get too far into the year. 🙂 For those who have not read part 1 which talks about some of my investments in 2014, you can find it here: […]
The shocking move by the Swiss National Bank (SNB) to abandon their peg has already resulted in some foreign-exchange brokerage casualties. Global Brokers NZ is shutting down, FXCM said clients owe US$225 million on their accounts while IG Group estimated an impact of 30 million pounds. There could be more. Remember MF Global? If you have […]
Following the decision of Swiss National Bank (SNF) to abandon their 3-year 1.20 Euro currency floor, the value of EUR/CHF collapsed in a matter of minutes. This is how the hourly chart looks like with the low of 0.82 off the charts…. Besides abandoning the floor, the SNF also cut interest rates from -0.25% to -0.75%. SNF apparently […]
I haven’t been updating this blog for the past two weeks as I have been quite busy, but I thought some of you might be interested in this event that I will be attending next week (evening of 2nd September 2014). Mario Singh, one of Asia’s favourite Forex coach and also an ex-classmate of mine, will be holding […]
Singapore Exchange (SGX) is adding Asian foreign exchange (FX) futures to its derivatives market in the third quarter of 2013, subject to regulatory approval. The introduction of FX futures for trading and clearing is SGX’s response to strong client demand for currency management tools to complement its suite of highly liquid Asian equity derivatives. The proposed […]