QUOTE(zDarkForceSz @ Jan 16 2015, 09:33 AM)
choi! u slow slow wait
Traders Kopitiam! V6
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Jan 16 2015, 09:35 AM
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#321
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16,872 posts Joined: Jun 2011 |
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Jan 16 2015, 09:45 AM
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#322
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Am I the spider
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Jan 16 2015, 10:42 AM
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#323
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QUOTE(gark @ Jan 16 2015, 10:24 AM) Today Japan huge drop... Unker, can explain what's the reason and implications of Swiss removing Franc cap ar? I actually quite My take: - Previous cap was to stop Franc from strengthening against Euro - Keep Franc artificially low against Euro, keep Swiss exports competitive - In order to achieve that, Swiss Bank has to keep selling Franc/buying Euro (?) And why do they remove the cap now? This post has been edited by Pink Spider: Jan 16 2015, 10:45 AM |
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Jan 16 2015, 10:52 AM
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#324
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QUOTE(jerrychoo2004 @ Jan 16 2015, 10:46 AM) i think instead of keep selling Franc....Swiss bank keep buying up Euro....which has become quite a liability for them Ok, got it, read from Bloombergand i think they know that Euro QE is coming soon, so Euro will drop further thats why removal of cap....just my guess Expectation of further Euro QE -> more Euro flushing down financial systems -> EVEN weaker Euro -> Swiss Bank cannot "absorb" all that Euro to maintain that cap Implications - ppl who have loans denominated in Swiss Franc - koyak |
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Jan 16 2015, 10:53 AM
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#325
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QUOTE(wankongyew @ Jan 16 2015, 10:52 AM) Actually isn't selling francs and buying euros the same thing? You sell the francs in exchange for euros. What I don't understand is who the heck is buying all those francs?! u go to bank/money changer, can they say "I don't want your Swiss francs!" ? It's all market force In any market, u wanna sell (desperately), what u do? If no buyer, u cut down your selling price lor Hence, depressed valuation for Swiss francs, (artificially) pumped-up Euro valuation This post has been edited by Pink Spider: Jan 16 2015, 10:54 AM |
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Jan 16 2015, 11:02 AM
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#326
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Jan 16 2015, 11:10 AM
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#327
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QUOTE(gark @ Jan 16 2015, 11:04 AM) The implication is just starting ... Good...tomorrow FSM got 0.5% Sales Charge promotion...SC discount + market drop, can top up All the trades need to be unwinded and the forex market is frozen...no one can buy or sell.. because there is zero liquidity of francs left.. |
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Jan 16 2015, 11:14 AM
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#328
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QUOTE(gark @ Jan 16 2015, 11:11 AM) I wont touch euro market for some time until this thing pans out.. euro is gonna start sliding soon... "Royalty"Lets see bursa implications... Which company pays royalties in SWISS FRANCS..? Shell? Tapi itu Royal DUTCH Shell QUOTE(johnnyzai89 @ Jan 16 2015, 11:13 AM) This post has been edited by Pink Spider: Jan 16 2015, 11:15 AM |
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Jan 16 2015, 11:42 AM
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#329
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QUOTE(wankongyew @ Jan 16 2015, 11:19 AM) Depressed valuation? No, in Switzerland's case, their whole problem is that too many people want to buy Swiss Francs! I get that this is because it's perceived as a safe haven, but the interest rate is now negative 0.75! When Swiss Bank kept printing Swiss francs + kept negative interest rate = artificially depress Swiss franc valuationEdit: sorry, this was in reply to the spider, obviously. |
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Jan 16 2015, 03:11 PM
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#330
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Jan 16 2015, 05:01 PM
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#331
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my portfolio anti-gravity again
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Jan 16 2015, 05:25 PM
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#332
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Jan 16 2015, 05:48 PM
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#333
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Jan 16 2015, 09:11 PM
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#334
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Jan 16 2015, 11:32 PM
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#335
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Jan 17 2015, 12:42 PM
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#336
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Jan 19 2015, 11:02 AM
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#337
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QUOTE(TakoC @ Jan 19 2015, 10:54 AM) what Boon say is right. Conclusion - u can never guess Mr MarketSometimes people rush to buy, but price dip even further. Sometimes people kiasu want wait drop a few cent more, price shoot up, then people rush to buy. gg didn't buy, surge more then say chicken run. As Stephen Chow say... "If u can guess my actions, ppl still call me God of Cookery?!" |
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Jan 19 2015, 11:11 AM
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#338
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Unker gark
Weak Ringgit (Wilmar is in Sinkapo...report SGD profits, declare SGD dividends) Strong dollar + floods (good for CPO) PPB can buy (more) now? Too many bullet lying around...need to shoot someone/somewhere This post has been edited by Pink Spider: Jan 19 2015, 11:11 AM |
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Jan 19 2015, 11:15 AM
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#339
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Jan 19 2015, 11:18 AM
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#340
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