Securities Commission Malaysia Chainman Singh Also commenting on Malaysian economy (strong fundamentals etc.)But its his remarks on Crypto crossing the wiresOn a brighter note, there isn’t so much froth as there was a few minutes hours days weeks months ago:Bitcoin chart -Its gonna be funny when he turns on his Bloomberg terminal this morning to see […]
Trying to get to the bottom of the XIV implosion I’ve been reading the prospectus of the XIV ETF. It’s imploded in after hours trading to $18.72 from $99 at the close. There are all kinds of rumours about liquidation and panic. To me, it shouldn’t be in liquidation. The prospectus says the underlying instruments […]
As anyone familiar with the 24 hours market cycle knows, this is THE WORST time of day for liquidity (It improves from here as Tokyo, then Hong Kong and Singapore open) What this means is that fear-driven moves can accelerate, and moves can be hugeAdam just posted on the No one knows what’s happening in XIV and […]
ANZ Roy Morgan weekly survey of consumer sentiment This indicator has been improving, up a further 1.5% this week The RBA will be watching to see how improving sentiment translates in better consumer spending. This has been slow, weighed on by slow wage growth and high household indebtedness.
Statement from the White House on the equity market falls today Reuters reporting: White House says in response to stock market drop that President Trump’s focus is on long term economic fundamentals, which remain «exceptionally
The Pain Intensifies The open for US equities Monday was already starting on the wrong foot. With global shares steeped in red through Asian and European hours preceding it, the bearish intent was already staged for the open for trade in New York. Indeed the day started with a 0.76 percent gap lower than Friday’s […]
Period Data Released Estimate Actual Pips Change (1 Hour post event ) Pips Change (End of Day post event) DEC 2017 10/05/2017 03:30:00 GMT 1.50% 1.50% +12 -28 DEC 2017 Reserve Bank of Australia (RBA) Interest Rate Decision AUD/USD 10-Minute Chart The Reserve Bank of Australia (RBA) kept the official cash rate at the record-low […]
This via the UK press (Telegraph) on the directives from the European Union on Britain The report, obtained by The Telegraph, reveals that a series of controversial EU laws could be imposed amid concerns that Britain is powerless to stop them. One of the most contentious of the 37 directives could require every British household […]