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Posts by "callum"
241 Posts Total by "callum":
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Posts by Anonymous "callum":
Given the SGD is managed float and also sensitive to Chinese RMB makes it interesting to watch. I closed AUD/SGD fd at 1.31 (around same bid price in 2007) last Friday upon maturity. Friday made interesting candle to watch.
Now Struggling to stay above 1.31 and break 1.32 ... Notice similar 2008 peaks also.
How is it different this time?
Not much....
Except:
- Risk and EURO zone issue is finding itself prop commodities instead of USD, benefiting commodity based currencies
- QE2, still needs to play out
- Seriously Big news like PIIGS and Dubai not been a play during this Santa rally.
The divergence between #SHCOMP (Shanghai Composite) and #SPX is getting extremely interesting. Asian indices also reacting to this.
Timing being extremely critical, but is it now about time to start building shorts on SPX? Or how far could we see this drift upwards in illiquid markets?