Philip Chua Business Blog

Posts Tagged ‘position’

TO restore is to reinstate or put back to the original position. Employers whingeing over the prospect of higher Central Provident Fund contribution rates should take heart that the little hike at hand, back towards the long-term target rate, will still leave the employer's rate far from the 'original' 25 per cent back in its heyday. But this is probably irrelevant to the business community, for w... more

Conflicting signals as we remain trapped below ‘channel’ resistance with two consecutive small ’spike lows’ ahead of the 26-wek moving average at 89.30. The Ichimoku ‘cloud’, which thickens and drops mid-May, suggests one should continue to hold a short position while the moving averages turned to a long one mid-February….

Speculative investors have increased bets that USD/MXN will dip lower, despite the already low level. In the past week speculators added almost 10K contracts to their short USD/MXN position that now amounts to 81% of open interest.

Not easy and not obvious as we remain trapped between ‘channel’ resistance and pivotal support at 88.00. Elements of the Ichimoku ‘cloud’ chart are mixed with moving averages hinting at a long position and the ‘cloud’ dropping and thickening to a very good size late May. Random moves will probably…

The dollar had an excellent week, its best since January. The US currency rose 2% or more against every major currency except the Canadian Dollar; against the loonie it gained only 1.8%. Several factors sent the dollar soaring: end of the year profit taking and position squaring; sovereign debt concerns…

The DXY does not mirror the United States trade position in the global economy. It is heavily weighted to Europe, undervalues the Canadian Dollar, ignores South Korea Taiwan and by necessity China. A firm cannot settle a trade flow in the DXY nor is it particularly useful as a hedge…