$USD/SGD(USDSGD.FOREX)$ tanked on hopes of fed pivot and monetary authorities of other countries adjusting to balance the strength of usd. i seized the opportunity by exchanging sgd back to usd having previously exchanged usd back to sgd at the peak. this is roughly about 6% difference.
fed hawks just came out to egg the $US2Y(US2Y.BOND)$ up, and fed will continue to hike rates as median cpi is a straight line up although cpi may have subsided.
A. tiger vault
suits my needs better as i prefer liquidity during this volatile period. i can do some currency trading. it is also a good time to increase us stock holdings as the market pullback from the recent rally. you can also buy laggards that have yet to rally much. sgd market is peakish at this time and has lost momentum. it needs more catalysts from the china government. hsi is also taking a breather from the recent huge rally.
merci beaucoup @TigerStars [Onlooker] for your constant encouragement
Comments
Good to hear it
[Smile]