USD Outlook

Hi all,

Today's event would be focused on ECB (1345 GMT) and BOE (1300 GMT) respectively, where expectations are talking about a cut of 50 bps for ECB and a possible 100bps cut on BOE. I personally have a view that BOE may not go for this full point cut, probably 75bps may be more realistic. 

Look at the economic calendar above for further announcements today. My opinion on the market in the next few weeks, would be greatly influenced by the payroll figures in tomorrow's NFP. 

The photo above is another teaser on the new US President.  You think the USD will really be printed in this manner in the future? 

Enjoy.

Video: Jim Rogers Forecast

Jim's on oil, SIA and short TBT treasuries. What's your view?

Hope this is helpful for your reference. Enjoy the video!

Part 1

Part 2

Hologram Technology for Today Real-Time Media

Hi all,

As seen on the site, Barack Obama is now the America's new elected President. The facts and figures of this election could be seen on the page. 

So what could be expecting next for the economy? Here are views from a few news articles that I had came by over the week. Day after election and Bulls, Bear, Donkeys and Elephants

A small titbit to mark today, as the market rallied the past few days, and the election is just over, the above is an illustration of the current yields at the present moment.

Lastly, the video below is an interesting scene captured today from CNN, where they are the first to implement Hologram TV, seems like the technology for media and telecommunications have made another big step ahead, even though we had seen this 20 years back from Star Wars. I wonder what other media enhancements we may witness in time to come. Enjoy...

Real-Time Presidential Election Count

Hi all,

Great day.

As the US presidential election poll is taking place now, 2 widgets have been placed for everyone to capture live results on the election results.

McCain seems to have a soft lead in some states currently, as many political parties seem to have given him their endorsements towards the end of the presidential race. It is going to be another  interesting US election again. My bet is on McCain to win (underdog).

Let us just anticipate the results, and see what may evolve from the tolls.

Cheers. 

October 2008 Trading Account Summary

Hi all,

The illustration above show the total trading account balance after a month plus's trading. The total ytd from end Sept till now is 14.71%, with a starting account balance of US$10,000. As I reviewed my posts in Oct, there were some trades at the early part of Oct where it was not posted, as these trades could have been made while I was outdoors, that could likely have caused the omission. I hope my series of profits could continue, and I hope the posts I have made, could be helpful to you in the very near future.

The last 6 weeks have indeed been really tough for me, as I had to juggle between making contents for the blog, making trades, studying market sentiment, and between personal time, I have found posting market calls consistently to be a challenge for me. Therefore, I went into a dilemma as to whether this is meaningful for me to pursue further.

Thus over the past few days, I came up with a solution to these dilemmas. 

As my trading strategy has been short term to medium term (carrying a few days the most), I've decided to use http://www.market-hub.com as my new medium to post market calls, and an area where we can discuss more about the markets. I trust that everyone here are students of the market, so why don't we just throw out our thoughts in this new and free trading community?

If you happen to sign up at http://www.market-hub.com, just drop a note, bookmark the page, and I'm sure you will have get your reply pretty soon.

So see ya there then. 

Market Update

Here is a brief summary of what will and had happened during the period of my absence from the market:

1. A good move made by RBA today, where they cut interest rates by 75bps to 5.25% at 03:30 GMT. The 75bps came above expectations as speculators were anticipating a cut of 50bps instead. RBA has indeed shown their aggressiveness on their countercyclical monetary policy, and at the same time to exert some pressure on BOE and ECB for a significant ease this Thursday. 
2. Economic data everywhere seems horrifically weak globally, not sparing China as well, as China's manufacturing data shrunk by record. Interestingly, there was an article on LA Times, where it reported that some owners deserted their factories in China.  From the British Beer and Pubs Association in U.K, pubs are shutting down at a rate of 5 pubs a day, from Reuters, click here. 
3. Focus will be on US elections on Tuesday, where results will be in after the N.Y market closes. If McCain is to upset Obama, he may have to seal a win in Pennsylvania first. 
4. Watch out for the outcome of the House and Senate elections, as the Democrats seem to be in control of both bodies, question would be whether they get 60 seats in the Senate. So what will happen to the stock markets if it is a Republican or Democrat win? Click here
5. Asian markets closed with uncertainty trading throughout the day, due to weak economic data, strength and weakness in the USD, and good data that could motivate a move on equity prices. Nikkei 225 closed at 9114.60 +537.62, Shanghai closed at 1706.70 -13.07, Hang Seng closed at 14,384.34 +39.97, Straits Time Index closed at 1829.69 -54.06.  
6. Major currencies are relatively stronger to the USD for the asian session, but GBP and JPY are relatively mixed for the day.
7. US Treasury said it will seek to borrow a record 550 billion dollars in Oct to Dec.

That's all on the market brief.