Investment Management
* SGD/MYR has today started an uptrend, climbing from 2.3950 to an intraday high of 2.4252 * Macquarie (23 May): SGD/MYR is at the lowest level in more than two yers and the bank remains concerned about Malaysia’s rising public debt and increasing dependance on commodity exports; the MAS’s aggressive tight monetary policy bias and […]
* ANZ: Ringgit to trade at 3.03-3.035/dollar this week with focus on Fed Chairman Bernanke’s speech in Congress tomorrow; ringgit to weaken if China’s PMI data on May 23 doesn’t show recovery in manufacturing; ringgit will strengthen IF Bernanke maintains bond urchases after market speculation that they will be reduced causedby Dallas Fed President Richard […]
* New Zealand’s rising house prices will increase the pressure on the central bank to raise interest rates, Finance Minister Bill English said. * “These households heading into quite high debt to buy highly priced houses need to be aware at some stage the RBNZ will increase interest rates, particularly if the housing market keeps […]
* AUD/NZD is in an oversold condition and it is now ready for an uptrend * Since 15 Mar, AUD/NZD has started wekening on the back of New Zealand leaving its rates unchanged and the market expecting a rate cut by Australia’s RBA amidst weak Chinese growth * In our view this has now been […]
* On Feb 27, we advised to Buy GBP/USD between $1.4990 and $1.50. Target: $1.60 * On 12 Mar, GBP/USD dropped to $1.4832 * On 1 May, GBP/USD traded at $1.5606 * Investors who followed our short term advice made a profit of 5.219% over 3 Months * We now advice Investors to short GBP/USD […]
Sign up our newsletter for FREE financial advice and investment tips delivered to your inbox on weekly basis.
Want to keep in touch with news from Blue Phoenix Financials? Subscribe to our RSS feed using by clicking on the button to the right, or subscribe to our newsletter by filling out the form below.