Month: August 2015

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Technical Analyst View on USD levels

Technical Analyst View on USD levels

The US Dollar as world reserve currency certainly had it fair share of moves. I had to admit I was caught out with the sudden US Dollar weakness due to intervention of the Chinese Government in weakening the Yuan. Its what I call currency wars in motion. The chart above, I divided trading levels of…

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Something to sweeten the bitter market

Something to sweeten the bitter market

In the last 3 months alone, sugar has dropped USD1.50. Recent price action has suggested that the bears are oversold. Currently price are trading at 10.53 support which has been a strong support since last week. Weather patterns has disrupted the sugar harvest and this spells a drop in harvest yield. However the questions remains,…

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China just declared Currency War

China just declared Currency War

This morning saw China buying USD10 billion of US debt. The move saw the Yuan depreciating more than 2% against the US Dollar. This move is also very negative to Asia currencies. To Malaysia especially, this seems to be a triple whammy. First the Oil, the the 1MDB losses and now China. The Chinese Economy…

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