SGD

Re: Singapore Dollar

Postby iam802 » Thu Nov 20, 2008 4:27 pm

You can consult the kumo, right?

Image
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 5940
Joined: Wed May 07, 2008 1:14 am

Re: Singapore Dollar

Postby kennynah » Thu Nov 20, 2008 4:30 pm

whenever usd/sgd forex flucs, those of us trading the us markets, should take necessary hedge measures. Sgd has weakened by some 12% since it hit a all time high of 1.35 a few mths ago. So, even our investmnt portfolio profitted 10%, this forex would have wiped it all away. Especially critical if the capital is size
Hidden Content:
I am sure, u've discovered the flaw in the above logic:)
Last edited by kennynah on Thu Nov 20, 2008 4:46 pm, edited 1 time in total.
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
User avatar
kennynah
Lord of the Lew Lian
 
Posts: 14201
Joined: Wed May 07, 2008 2:00 am
Location: everywhere.. and nowhere..

Re: Singapore Dollar

Postby blid2def » Thu Nov 20, 2008 4:35 pm

802 - thanks for the chart. Wahlao... strong sia...
blid2def
Permanent Loafer
 
Posts: 2304
Joined: Tue May 06, 2008 7:03 pm

Re: Singapore Dollar

Postby kennynah » Thu Nov 20, 2008 4:37 pm

Indeed, very trending
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
User avatar
kennynah
Lord of the Lew Lian
 
Posts: 14201
Joined: Wed May 07, 2008 2:00 am
Location: everywhere.. and nowhere..

Re: Singapore Dollar

Postby ucypmas » Sat Nov 22, 2008 3:35 pm

I'm not exactly a currency experts, but have come across a number of reasons being offered in the general media for the dollar's recent rally

1. Unwinding of the leveraged dollar carry trades
2. Liquidation and repartriation of capital by US corporations to shore up their balance sheets
3. Flight to safety (despite people's dislike it is still the most liquid currency, available in the largest volumes for people wishing to hold cash)
4. Decoupling theories proven to be complete nonsense and other currencies are now experiencing the effect of their own economic slowdown

There is actually a possibility that once the financial markets stabilise and a normal recession is allowed to take the centerstage of the economic story, the US dollar will actually weaken once again. So those wishing to place investments in the US stock market, should account for depletion of part of their long term gains, through a weaker US dollar rate.
ucypmas
Coolie
 
Posts: 115
Joined: Sat Sep 06, 2008 4:50 pm

Re: Singapore Dollar

Postby winston » Sun Jun 07, 2009 10:07 pm

Was just looking at the Sin$ VS US$ chart.

Range High for Sin$ was around US$1.36. Range Low was about US$1.53. Now @ 1.45.

Looks like an "M" forming...
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 112006
Joined: Wed May 07, 2008 9:28 am

Re: Singapore Dollar

Postby winston » Tue Dec 08, 2009 8:28 pm

TOL:-

Where's the Sin$ heading ?

1) The manufacturing/ electronics/ semi-conductor base has been eroded

2) Need to investigate more on those high end properties. Are those purchases speculation, investments or to clean money ? Intuitively, the money laundering laws are quite strict on the transfer of money. However, Andy Xie's comments on this issue is fresh in my mind.

3) Are there still a lot of goods that is exported through Singapore ?

4) The Singapore exchange is small and no longer on the radar of the big boys

So I would appreciate any comments that you may have on why people would want to buy Sin$, except as a tourist or new immigrant.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 112006
Joined: Wed May 07, 2008 9:28 am

Re: Singapore Dollar

Postby kennynah » Tue Dec 08, 2009 11:05 pm

singapore is still an important re-exporting country....so long as we keep our sea port efficient and cost effective.... we will continue to attract ships through us....and consequently a need for S$....

tourism has and should continue to be an important catalyst for need for S$....

seriously, i cant quite name many exports that are truly made in singapore....that will spur the need for S$...this is an area that is lacking sorely...and i hope that as a nation, we can produce products that has a global demand...

trading city... if we can continue to attract large trading houses to operate from singapore; such as Sunitomo Corp, Mitsui, Cargill, and oil trading companies, then there will be a need for the S$ as well.... to do so, will mean we must keep our corporate tax rates competitive enough to entice these giants to operate here...
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
User avatar
kennynah
Lord of the Lew Lian
 
Posts: 14201
Joined: Wed May 07, 2008 2:00 am
Location: everywhere.. and nowhere..

Re: Singapore Dollar

Postby winston » Tue Dec 08, 2009 11:13 pm

Thanks K. I just checked my Sin$ exposure and it's too high for my comfort, especially when I'm not convinced there's a great need for the Sin$ in the future.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 112006
Joined: Wed May 07, 2008 9:28 am

Re: Singapore Dollar

Postby kennynah » Tue Dec 08, 2009 11:17 pm

W : i too think it maybe better to not hold onto to too much S$...it is now ~1.39 against the USD, the highest being ~1.3..

comparatively, i think it is better for any country to maintain a competitive currency exchange against their major trading partners and neighbours... by this, i mean, no good to have too strong a currency...it makes our goods and services too expensive and it tends to encourage outflow of money supply...

now that the monstrous casinos are about to open, singapore should require an "affordable" currency to attract the gamblers and high rollers...

i think it maybe ok to buy USD and sell SGD around this time...
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
User avatar
kennynah
Lord of the Lew Lian
 
Posts: 14201
Joined: Wed May 07, 2008 2:00 am
Location: everywhere.. and nowhere..

PreviousNext

Return to Currencies

Who is online

Users browsing this forum: No registered users and 2 guests

cron