Saturday, 14 March 2015

Profit From The US Market Talk

In collaboration with CMC, I have been invited to give a free talk on “ Profit from the US market” at CMC premise on the 19th of March 2015. The location is Singapore Land Tower, #14-06. Time is 7pm to 10pm. There will be 2 parts to the talk. The first part will be on  the US stock market.  The topics include the direction of the US market in 2015, its opportunities and how you can take advantage of these opportunities. Included in this 60 minute talk will be a trading example using pair trading strategy. The theme of this strategy will be  based on oil theme.

The next part of the  talk(60 mins) will focus on Fibonacci trading technique for the US stock market. Besides learning the Fibonacci trading knowledge like trading with retracement, extension and projection I will show, through numerous trading examples, how you can apply the Fibonacci trading technique. This Fibonacci trading technique is suitable for everyone. There will be numerous intra day and inter day trading examples using the Fibonacci trading technique. Though these examples, you will realize the application of this useful technique. Even if you dont trade the equity market, you will also find it useful and applicable to  FX trading

Vacancies are limited, so please register before the date. Do take this opportunity to gather your trading friends and come down together for the talk. It has been a long while since we held our last gathering where fellow students can meet and share their trading experience. This would be a good opportunity. 

Do note that you do not have to be a CMC client to attend this talk. So please hurry and book your seat early to avoid any disappointment. Thank you and hope to see you on that day.

Thursday, 29 January 2015

FED Economical Assessment 150128

WASHINGTON (Jan 29): The Federal Reserve boosted its assessment of the economy and down played low inflation readings while repeating a pledge to remain “patient” on raising interest rates. The Federal Open Market Committee described the expansion as “solid”, an improvement over the “moderate” performance it saw in December. It substituted “strong” for “solid” in its evaluation of job gains after a meeting today in Washington. While inflation “is anticipated to decline further in the near term,” the FOMC said in a statement, it is likely to rise gradually toward its 2 percent goal “over the medium term” as the impact of low oil prices diminishes.

Policy makers saw a bonus in cheap energy, saying it’s boosting consumer buying power.
Stocks fell as the statement reinforced expectations that the Fed will raise interest rates this year for the first time since 2006. One caveat: officials will take “international developments” into account when considering an increase, language that sent bond yields lower. “The Fed’s decision about the timing of liftoff is not as sensitive to low inflation as before,” said Laura Rosner, a US economist at BNP Paribas in New York and a former researcher at the New York Fed. “Inflation is one of many factors that will be considered in deciding when to raise rates. The inflation undershoot is no longer receiving special emphasis.”

Clause dropped
The Fed also dropped a clause from its December statement that the assurance of patience was consistent with a previous pledge to hold rates low for a “considerable time”, especially if “projected inflation continues to run below” the 2 percent target. 
The Fed has kept its main interest rate near zero since December 2008. All 10 voting FOMC members backed the policy statement, marking the first unanimous decision since June.

Robust economic growth is giving Fed officials reason for optimism, even as weaker global demand and a stronger dollar cut into overseas earnings of companies such as Procter & Gamble.
Since their last meeting, Fed officials learned that the world’s largest economy grew at a 5 percent annual pace in the third quarter, the most since 2003.
A report on Friday may show growth of 3.1 percent, still well above the post-recession average of 2.2 percent, according to a Bloomberg survey of economists.

Six-year low
Unemployment is at a six-year low of 5.6 percent, and the economy added 252,000 workers last month to cap the biggest annual gain since 1999 with growth of almost 3 million jobs. 
Even as the Fed approaches its goal of full employment, its second mandate, for stable prices, remains well out of reach. The Fed’s preferred inflation gauge, personal consumption expenditures, rose 1.2 percent in November from a year earlier and has lingered below the central bank’s 2 percent target for 31 months.

Market-based expectations for inflation in the five years starting five years from now tumbled earlier this month to 1.76 percent, the lowest since 1999. Oil prices near the lowest in almost six years signal inflation is likely to remain muted. West Texas Intermediate crude futures fell to US$45 a barrel this week from US$107 in June. Economic reports yesterday indicated that cheap oil is a boon for households and a mixed blessing for companies.

Consumer confidence
Consumer confidence soared in January to the highest level in more than seven years as gasoline prices fell, while orders for durable goods unexpectedly dropped for a fourth month, signalling the global slowdown is weighing on manufacturers. 
Another source of concern for some policy makers: stagnant wages, which point to continued labour-market slack. Average hourly earnings increased 1.7 percent over the 12 months ended in December, the smallest gain since October 2012. Fed officials, including San Francisco Fed President John Williams and Atlanta’s Dennis Lockhart, have signalled that a midyear increase would be the appropriate.

Fed Chair Janet Yellen suggested at her December press conference she’s in no rush to raise rates.
She said the reference to being patience means the committee “is unlikely to begin the normalization process for at least the next couple of meetings”. Diminishing inflation expectations helped push yields on the 10-year Treasury note to 1.71 percent earlier this month, the lowest since May 2013.
It was 1.82 percent late yesterday.

The Standard & Poor’s 500 Index has declined 1.4 percent this year through yesterday amid disappointing fourth-quarter results from companies including Caterpillar and Microsoft.
A cooling global outlook is also giving policy makers pause. The International Monetary Fund last week made the steepest cut to its global-growth forecast in three years.

The FOMC gathering is less than a week after the European Central Bank announced an expanded asset-purchase program of up to 60 billion euros (US$69 billion) a month to spur growth and counter deflationary pressures, highlighting the diverging prospects for two of the world’s largest economies.

Tuesday, 6 January 2015

Nicholas Tan Practical Forex Course - 24th Jan 2015

Part I: Forex Foundation
Learn the characteristics of the 4 major currency pairs
Timing to trade for each major pairs
Time frame and your trading
Charting Knowledge
Trade and Money Management

Part II: Technical Analysis
Trend identification (uptrend, downtrend) and confirmation using reliable technical indicators
Use of selected trend following indicators and oscillators
Support and resistance identification

Part III: Powerful Strategies
No. 1 – Modified Duck Trading System
No. 2 – PMA Trading System
No. 3 – Modified Duck Reversal
No. 4 – Fibonacci Trading System
Best time to trade with these strategies
Indicators, templates will be provided for every students.

Course Duration and Support:
1 full day of Classroom Lessons ( 10am to 6pm)
2 nights of practical tutorial training (7 pm to 10pm) where students get to see and apply trading system taught in real time market condition.
Email support: send your questions direct to the trainer and get them answered
Receive useful information via email

Classroom Lesson
Dates : 24th Jan 2015
Time 10:00 am to 6:00 pm
Venue: Realty Center, 15 Enggor Street
(Please bring your laptop on the day of the course)

Practical Tutorial Lessons
Dates : 26th and 28th Jan 2015
Time: 7pm to 10pm

Your Investment:SGD$1,000

My Trade Forex © 2015