Tag: FX

3rd Quarter 2017 Review: Time for Kaizen!

The Japanese have a term to describe the effort of continuous improvement for the better: 改善 (pronounced 'Kai-zen') That's what exactly what I need to do. Ever since I decided that I wanted to be a successful macro investor, I've embarked on my never-ending journey, climbed mountains and went through valleys, sought out the sages, … Continue reading 3rd Quarter 2017 Review: Time for Kaizen! →

Homer’s Odyssey: a Lesson for Investors!

While I was serving my term of mandatory military service in the Singapore Armed Forces, I read a piece of classical Western literature that was breathtaking in its scope and entirety. 'The Odyssey' from the Greek poet Homer captivated my imagination of a world of brave warriors, spectacular battles, treacherous seas, and perilous journeys across … Continue reading Homer’s Odyssey: a Lesson for Investors! →

2nd Quarter 2017 Review & Strategy for 2H 2017

The first half of 2017 is over, and my book remained almost unchanged from the end of 1Q 2017 to the end of June. I maintain my defensive stance, risking one-third of my usual sizing for any new positions and also gunning for lowly-correlated positions in terms of price structure as well as fundamental logic. … Continue reading 2nd Quarter 2017 Review & Strategy for 2H 2017 →

Playing the ECB’s potential tapering?

To understand the game of the financial markets, we need to understand the game masters The game masters are the central banks, as they directly influence the costs of credit in the financial and real economy, influencing the business cycles The ECB will gradually move to wind down its stimulus programme, but has to maintain … Continue reading Playing the ECB’s potential tapering? →

Why I Believe In Cryptocurrencies & Blockchain, but why I’m not buying now

At the height of the Industrial Revolution that started in the United Kingdom (UK), the railroads were once thought to be 'game changers'. After the invention of the steam engine and the locomotive, railroads took off as they start to replace the traditional roads and paths of commuters. Instead of the slow and rather painful way of … Continue reading Why I Believe In Cryptocurrencies & Blockchain, but why I’m not buying now →

Playing Brexit: Long Euro & short Sterling

The Brits are officially leaving the European Union (EU), following the invoking of Article 50 and British envoy Tim Barrow handling a letter to the EU Council on the 29th of March 2017. An informative book on the subject is explored by Roger Bootle of Capital Economics, and I've found it to be highly instrumental … Continue reading Playing Brexit: Long Euro & short Sterling →

En Garde! Playing the French Elections & a Frexit?

En Garde! French citizens are once again heading to the polls in what is arguably 2017's most widely and closely-watched high key political event: the French Presidential and Parliamentary Elections! At stake? Possibly the future of the European Union (EU). That's because one of the potential candidates for the Presidency, Madame Marine Le Pen, is calling … Continue reading En Garde! Playing the French Elections & a Frexit? →

Review of 1st Quarter 2017 & Portfolio Update

While it was a decent 3 months for both broad equity and bond markets, all my trades did not work out as expected and I cut all my initial positions that were initiated in January. Additionally, a couple of my positions that were USD-denominated also saw valuations affected by the slight weakening of the Dollar against … Continue reading Review of 1st Quarter 2017 & Portfolio Update →

Betting on the Czech Koruna & the Mundell-Fleming Trilemma

Foreign exchange rates are notoriously difficult to predict over the short term, because there's a great deal of volume traded across the world by many various players (governments, corporations, individuals, etc) for all sorts of reasons. However, they are easier to see over a longer term period as they are the reflection of the interactions of … Continue reading Betting on the Czech Koruna & the Mundell-Fleming Trilemma →