Tuesday, January 23, 2007

S'pore inflation rate increase

Singapore Dec. Inflation Rate Climbed to 5-Month High Finally, someone wrote about this, regarding GST hike, raise in housing, veggies increase due to flood and reduce in corporate tax to encourage foreign investor. I wonder how i am going to survive without any salary increase. :(

Forex update
BOJ Minutes was announced today, I was expecting some movement, getting ready to do some trading. To my surprise, volatility is very low, ended up not trading during Asian. There were no fundamental for USD, EUR and GBP, yet, after Euro session, volatility picked up. Sometimes, i wonder, does this volatility has to do with political issue regarding US and Iraq; or maybe just a investor's sentiment towards the currency; or because of the slight increase in the commodities "Oil Rises on Heating Demand, Kidnappings by Nigerian Militants" ; or Bush Confronts `Political Reality' in Tonight's State of Union. All the above are a possibility.... :)

Interesting news for today
Germans get by without the euro
Petraeus, U.S. Commander in Iraq, Will Test Doctrine He Wrote
FOREX-Sterling at multi-yr highs on carry buying spree
US STOCKS-Futures point flat; heavy slate of earnings

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