Does the price finding mechanism known as the ‘market’ exist in the real world or is it something that only exists in theory?
Todd Harrison wrote an interesting story called ‘Hanky Panky’. After reading it, I thought that ‘Gosh! So the market is a price FIXING mechanism.’
Are we trading against Hank Paulson?
Posted on July 30th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator | No Comments »
Cue from Merrill
Positive news from Wells Fargo last night combined with SEC restrictions on naked short selling gave the markets a steriod boost. Tonight we will see whether Merrill Lynch has anything positive to say about its writedowns on losses.
Consensus on second quarter writedown is between $6-6.5billion but surely the markets will evaluate the following:
the [...]
Posted on July 17th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator | No Comments »
Akan Datang.
Purpose of the survey
The purpose of the survey is to promptly gain an accurate grasp of region-by-region economic trends. By enlisting the cooperation of people holding jobs that enable them to observe activity closely related to regional economy, these survey results can be used as basic material for assessing economic trends.
The English page can [...]
Posted on July 8th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator | No Comments »
The fundamental arguments are compelling. The technical picture irresistable. Bulls have their say. Bears polish their claws.
One thing the candlesticks tell us: both sides are willing to stay on the sidelines until a clearer picture emerge.
Posted on June 25th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator, Technical Picture | No Comments »
Bank of Japen Monetary Policy Meeting Announcments can be found here.
Posted on June 13th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator | No Comments »
Well we got a number of big things last night: the Employment Situation for the US was out and then Oil reached nearly USD140 per barrel.
It is fascinating that currency pairs prove that they abide by technical studies so closely. The USDJPY almost hit the 38.2% retracement of the weekly high low and quickly retreated when Dollar [...]
Posted on June 7th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator, Technical Picture | No Comments »
The results for the May 2008 German IFO Business Climate Survey was released yesterday.
It is a hotly anticipated data to come out of Europe every month and of course part of the reason is the size of the German economy. It is considered a leading indicator and gives a clue how Europe is likely to [...]
Posted on May 22nd, 2008 by Soh Tiong Hum
Filed under: Economic Indicator | No Comments »
Last night we saw the NAHB Index published at 15 May 2008 1700 GMT or 16 May 2008 0100 local time.
The NAHB index assess the market for new single-family home sales plus builder expectations for future trends (for the US). Basically it tracks the residential real estate market in the US. The ability for families [...]
Posted on May 16th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator | No Comments »
As a result, we have a rally in the EURO.
(IGM)The [GERMAN ECONOMY], at least, put in a storming performance in Q1, with [GDP]…
The [GERMAN ECONOMY], at least, put in a storming performance in Q1, with [GDP] rising by a much bigger than expected 1.5% q/q vs a 0.7% consensus f/c and accordingly the y/y pace [...]
Posted on May 15th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator | No Comments »
Interest rate decisions affect currencies in a big way. The Bank of England or BOE is the central bank of the United Kingdom. Its interest rates decisions naturally reflect the Sterling. On April 10, 2008, the BOE reduced the official Bank Rate to 5.0% from 5.25%.
According to the Bank of England, “The Bank sets interest [...]
Posted on April 12th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator | No Comments »
