Category Archives for Forex
MAS Reviews Regulatory Requirements for Unlisted Margined Derivatives
The Monetary Authority of Singapore (MAS) has issued a consultation paper on proposed enhancements to the regulatory requirements for unlisted margined derivatives. The proposals aim to address the specific risks posed by unlisted margined derivatives such as contracts for differences (CFDs) and leveraged foreign exchange products (LFX), which are currently available to retail investors. I […]
Ashraf Laidi Shares His Insight
Yesterday, I was at an event where Ashraf Laidi, chief market strategist of CMC markets, shared his insights on the market. The session started at 8pm and lasted all the way till 11pm. If there were more questions from the audience, I think Ashraf could have gone on till the next morning as he always […]
Rally in USD as Investors Seek a Safe Haven
Barely two months after the USD had fallen to historical lows of 1.20 against the SGD, it has recovered and rallied more than 5% in the past two weeks to reach 1.27. In just two weeks, the price has gone back to the rate we last seen six months ago (see USD/SGD weekly chart shown below). […]
SNB Imposes Artificial Currency Peg to Euro
In one of the most stunning moves in its history, the Swiss National Bank (SNB) announced that it would buy euros in “unlimited quantities” whenever the single currency fell below 1.20 Swiss Francs (CHF). The news took the market by surprise and sent the Euro spiraling up from 1.10 to 1.22 versus the Swiss Francs, […]
USD Sinks to New Low Against SGD
The USD broke through the 1.20 barrier briefly yesterday, before recovering to close slightly above 1.20. The fall in the USD has been relentless as it was trading at around the 1.30 level at the start of the year. Those who have invested into USD denominated assets would have to earn a return that is […]