Bonds Fall, Crude oil rose

Even though FOMC announced this week that rates would maintain the same, yesterday announcement of increase in Home Sales sent US 10 year bonds fell by selling lower, due to investor speculation that Fed would cut rates soon.

Bonds usually rise on economic weakness and fall on strength, so it is safe to say that traders took the unexpectedly positive housing report as a major positive for the economy. A weak housing sector contributed to an economic slowdown in the U.S. over the second half of 2006, and traders have been focused on all housing reports for signs of continued weakness or a rebound. (Extracted from Futures Market Recap)

Crude oil rose nearly 1%, on geopolitical tensions stemming from Iran. Tensions in the Middle East have risen since Iran seized 15 British armed servicemen, who were conducting military operations in the Persian Gulf. Iranian-linked geopolitical tensions helped to drive the price of crude oil to record highs last summer, when crude reached about $80 a barrel. Crude fell over 30% from those record highs before bouncing on cold weather and supply issues. Natural gas fell about 0.6% on more signs of warm weather, and speculation of less demand. (Extracted from Futures Market Recap)

Getting engine started

It's seems so long that i didn't blog, wonder where would i start off... hmm... Practically, i'm busy starting of this new year, with new agenda and new target to achieve. Somehow, along the way, events and things don't happen according to my blueprint. That's why things need to be review on a monthly basis.

Basically, i didn't manage to trade much in the first quarter of this year. First, there was the New Year, then Chinese New Year, then changing of new job with new roles and responsibilities.. Sometimes, i really puzzled at how TIME really fly, without me knowing it. Once in a while, i do check on the FX market, to see how's the overall market sentiments.

This whole month of March, my internet connection really giving me a lot of problem. After some checking and forensic analysis, it was due to my Modem giving me problem. Thank God this is now fixed.

Starting next Sunday, it will be an embarkment of 2nd Quarter of this year. 1st Qtr, i strategize that i park my money in T-bills, as it is a zero risk with reasonable return. Guess what, 3 months Singapore T-bills return dropped from 3.1% to 2.5%, this is indeed a huge gap of dropping. I haven't turn to Bonds yet cause bonds need some study and research.. Kinda like a long term investment with at least 1 - 5 years. The one thing i don't like bonds is that, bonds needs to pay commission or some handling fees plus it is a long term with reacting towards the interest rate fluctuation.

Should i seek salvation towards FX?? Good question indeed... I was really eager to trade on 1 Qtr, then, last year liquidity for Jan is good, and turned kinda illiquid in Feb and Mar. Well, my good friend Zeus was saying that 1 Qtr of this year seems to be good compared to last year. Therefore, I'm really eager and excited towards going back to the FX market again, seeking for new adventure and at the same time, donating to the FX community. :) Ok, just a joke....

I'm still here....

Something interesting that i stayed out of market this whole month: Sustaining the unsustainable

New Year

Seems that the forex market is at its interesting level... I didn't blog in Feb as it was Chinese New Year, therefore busy with preparation, cleaning, fengshui analysis, and etc, etc.... Today is Chap Go Mei....