learnt -- must trade immediately if see perfect order starting!
Don't wait for a few mins then go in.. else will regret
Tuesday, 30 September 2008
Sunday, 28 September 2008
my first driving lesson
my first driving lesson turned out to be quite ok.. it wasn't super exciting.. just drive along e road, familiarise myself with the clutch, brakes and accelerator control.. and also the gear shaft.. mostly easy stuffs..
Learned right turn, left turn, U-turn..
Some things to remember
Hump @ zebra crossing -- 2nd gear
U-turn -- 1st gear
Turning -- turn 2 rounds of the handlebar then turn back when fully into the lane
taking my 5.02 (bike circuit evaluation) tmr night.. hope i pass!
Learned right turn, left turn, U-turn..
Some things to remember
Hump @ zebra crossing -- 2nd gear
U-turn -- 1st gear
Turning -- turn 2 rounds of the handlebar then turn back when fully into the lane
taking my 5.02 (bike circuit evaluation) tmr night.. hope i pass!
IG markets updates
Japan - Large Retailers' Sales (August)
Released by: Industrial Statistics Office, Japanese Ministry of Economics (monthly report)
Time: 08.50 (JST)
What is it?
The total value of goods sold in large retail stores, such as supermarkets, department stores and chain convenience stores.
As retail sales can vary considerably according to seasonal factors, the headline figure is a seasonally-adjusted percentage change in sales.
Why is it important?
This is a firsthand measure of retail consumption, which is clearly directly tied to consumer spending, which is one of the most important leading indicators for the Japanese economy.
If sales are high in large retail stores, it follows that consumer spending is high, which suggests high levels of confidence amongst consumers and augers well for the health of the economy. If consumption is very high it can create inflationary pressures, however.
What are market expectations?
A poll conducted by Bloomberg forecasts -1.7%, compared with last month's reported figure of -0.7%.
Japan - Retail Trade (August)
Released by: Ministry of Economy, Trade and Industry (monthly report)
Time: 08.50 (JST)
What is it?
A measure of the combined value of all goods and services sold in the month at retail venues throughout Japan.
The headline figure is a percentage change (figures are given for both month-on-month and year-on-year).
Why is it important?
The figure paints a picture of both consumer confidence and consumer spending. If sales are high, it follows that spending must also be high, and that consumer confidence is likely to be high as well.
Higher consumption should spur economic expansion, but may also fuel price rises. An overheating economy runs the risk of high inflation.
What are market expectations?
Retail Trade is expected to increase by 0.2% (YoY). The month-on-month figure is expected to fall by -0.2%.(figures from Bloomberg).
UK- M4 Money Supply (August)
Released by: Bank of England (monthly report)
Time: 9.30 (BST)
What is it?
It is a measure of all currency in circulation including notes and coins and money held in bank accounts. It is also referred to as 'Broad Money.'
Why is it important?
It is an important inflationary indicator, as the exchange rate is affected by monetary expansion.
UK- M4 Sterling lending (August)
Released by: Bank of England
Time: 9.30 (BST)
What is it?
It is sterling lending released by the Bank of England to the M4 private sector which consists of UK residents other than monetary financial institutions.
Why is it important?
A high figure may fuel economic growth as it generally means that UK industries can afford large expenses. However, a high figure may be an indication of an overheated economy although generally a high reading is positive for the pound.
UK - Mortgage Approvals (August)
Released by: The Bank of England (monthly report)
Time: 9.30 (BST)
What is it?
A record of the number of loans approved for home purchases over the previous month.
Why is it important?
The number of mortgage approvals is generally considered to be a leading indicator of the housing market. Strong increases in mortgage approvals suggests a burgeoning housing market, which can have a trickle-on effect to the wider economy.
What can we expect?
A Bloomberg survey of analysts predicted 30k from a previous figure of 33k.
UK- Net Consumer Credit (August)
Released by: Bank of England (monthly)
Time: 09.30 (BST)
What is it?
It is a figure released by the Bank of England which shows the amount of outstanding debt held by consumers.
Why is it important?
The level tends to follow the direction of the economy, rising during periods of economic expansion due to more consumer spending power and falling during a recession. However, in the long term, too much consumer debt can result in a slowdown in economic growth. Consumption decreases, and bankruptcy may result if consumers become overburdened and are unable to meet repayments. The headline figure is the outstanding debt held by consumers.
What are market expectations?
A Bloomberg survey of analysts predicted 1.0B from a previous figure of 1.1B.
Eurozone - Consumer Confidence (October)
Released by: European Commission, Directorate General for Economic and Financial Affairs (monthly report)
Time: 11.00 (CET)
What is it?
A survey that measures the sentiment of consumers across the EMU.
The survey contains queries regarding personal finance, employment, savings and general expectations about the economy.
The figure is derived from the difference between positive and answers. A positive figure therefore indicates positive consumer confidence and vice versa.
Why is it important?
If consumer confidence is high it should generally be good for the economy going forward: if consumers are confident about their finances, they are more predisposed to spend. If confidence is low, spending is likely to fall. Low consumer spending hampers the economy, whereas high spending tends to spur economic growth, although it can lead to rising consumer prices.
What are market expectations?
Economists polled by Bloomberg gave a median forecast of -19, which is the same as last month's figure.
Eurozone - Economic Confidence (September)
Released by: European Commission, Directorate General for Economic and Financial Affairs (monthly report)
Time: 11.00 (CET)
What is it?
This is a survey of consumer sentiment towards the eurozone economy.
Why is it important?
The index derives from the surveys carried out by the European Commission based on certain sector indicators such as; Industrial Confidence (40%), Service Confidence (30%), Consumer Confidence (20%), Construction Confidence (5%), and Retail Trade Confidence Indicator (5%).
A high figure shows a positive outlook to the economy and that levels of investment, business spending and purchasing are healthy.
What are market expectations?
Economists polled by Bloomberg gave a median forecast of 87.3, which is slightly lower than last month's figure of 88.8.
Eurozone - Industrial Confidence (September)
Released by: European Commission, Directorate General for Economic and Financial Affairs (monthly report)
Time: 11.00 (CET)
What is it?
It is a measure of Euro zone industry sentiment based on a survey of production expectations from industrial executives.
Why is it important?
The European Commission keeps track of recent order levels and the build-up of inventories. The higher the level of industrial confidence, the brighter the outlook for future business spending and capital investment.
Although manufacturing accounts for approximately merely a quarter of business in the eurozone, GDP volatility is mainly attributable to industry and therefore has an impact on overall European growth.
A figure higher than zero is positive, while a level below zero shows negative industrial confidence.
What are market expectations?
A survey of analysts by Bloomberg predicted a figure of -12 compared to -10 previously.
U.S. - Core Personal Consumption Expenditure (August)
Released by: Bureau of Economic Analysis, Department of Commerce (monthly)
Time: 08.30 (EST)
What is it?
This is a measure of how much consumers are spending each quarter.
The report takes into account expenditure on durable goods, consumer products and services and excludes components such as food and energy. These are not included as they are particularly volatile, and may be skewed by seasonal factors. Such short-term fluctuations may distort the data, so that the core figure may present a more stable depiction of expenditure.
The headline Core PCE figure is reported as a percentage change for the quarter.
Why is it important?
Robust levels of personal spending shows that consumers are ploughing money into the economy, which should fuel growth. Personal expenditure can therefore provide an indication of economic trends. It also has a direct affect on inflation: high levels of consumption may push up prices.
Significantly, one of the Fed's primary measures of inflation is derived from PCE.
What can we expect?
Analysts surveyed by Bloomberg forecast 0.2%, from the last release of 0.3% month on month. The year on year figure remained unchanged at 2.4%.
U.S. - Personal Income (August)
Released by: Bureau of Economic Analysis, Department of Commerce (monthly)
Time: 08.30 (EST)
What is it?
A broad measure of how much US employees are earning, this report looks at the pre-tax income that households receive from employment, investments and transfer payments (a payment of money from the government to an individual for which no goods or services are received in return, e.g. welfare or social security payments).
Why is it important?
Because Personal Income mainly consists of wages from employment, this report can be used to gauge the employment situation.
The report's effectiveness is somewhat mitigated by the fact that it is released after the headline employment figure and earnings figures.
What can we expect?
Analysts polled by Bloomberg gave a median estimate of 0.2%, from last month's figure of -0.7%.
U.S. - Personal spending (August)
Released by: Bureau of Economic Analysis, Department of Commerce
Time: 08.30 (EST)
What is it?
It is a measure of total expenditure by individuals including durable and nondurable goods.
Why is it important?
From this figure, investors are able to get a good idea of market sentiment and economic direction as two-thirds of the economy is reliant on consumer spending. Investors are able to gauge where most expenditure is directed and consequently determine the companies in which they want to invest.
What are market expectations?
Economists polled by Bloomberg predicted 0.2% compared with a previous figure of 0.2%.
Friday, 26 September 2008
Dead Body/Corpse
First time sharing lift with a Dead Body.. The 2 people pushing it were wearing masks on their faces and gave me weird glances. It took me awhile to register that I was sharing lift with a dead body. Cos the container was a large rectangular metal container and the atmosphere was very serious. Only then I realised it might be a dead body. AHH
I was scared maybe another 5 seconds before we reached the level. I watched as the red light above the 'Last Office' room flashed. And they pushed the container outside of the room, at the same time giving me weird glances as I looked on from 1 metre away. hmm
I was scared maybe another 5 seconds before we reached the level. I watched as the red light above the 'Last Office' room flashed. And they pushed the container outside of the room, at the same time giving me weird glances as I looked on from 1 metre away. hmm
IG Markets 26 Sept Updates
Japan - National CPI (August)
Released by: Ministry of Public Management, Home Affairs, Posts and Telecommunications (monthly report)
Time: 08.30 (JST)
What is it?
The Consumer Price Index (CPI) is the most important measure of inflation in Japan.
The CPI reports changes in the price of a basket of goods and services intended to represent purchases of a typical Japanese household.
An increase in the index indicates that the basket of goods costs more (or in other words, that inflation has increased and each yen buys less).
The headline figure for CPI is the percentage change in the index on a month-on-month or year-on-year basis.
A figure is also released excluding fresh food, the prices of which are volatile and may distort the index.
Why is it important?
The CPI is carefully monitored by the Bank of Japan and has a strong influence on any monetary policy decisions that they make. If the CPI figure indicates rising inflation, the Bank of Japan may be compelled to hike interest rates in an effort to combat rising prices. Such action is likely to economic growth, while at the same time making yen a more attractive investment. Hence, a high CPI figure is bullish for yen.
What are market expectations?
A Bloomberg poll shows a median analyst expectation of 2.1% (year-on-year). The figure excluding food and energy came in at 0.2% and the figure excluding fresh food came in at 2.4%. The Tokyo CPI for September stood at 1.2%, excluding food and energy the prediction was 0.2% and 1.4% excluding fresh food.
U.S. - Personal Consumption Expenditure (QoQ) (2Q)
Released by: Bureau of Economic Analysis, Department of Commerce (monthly)
Time: 08.30 (EST)
What is it?
This is a measure of how much consumers are spending each month.
The report takes into account expenditures on durable goods, consumer products and services.
The headline figure is a percentage change from the previous month.
There is also a 'core' figure that is released, which excludes components such as food and energy. These are not included as they are particularly volatile, and may be skewed by seasonal factors. Such short-term fluctuations may distort the data, so that the core figure may present a more stable depiction of expenditure.
The headline Core PCE figure is reported as a percentage change for the quarter.
Why is it important?
Robust levels of personal spending shows that consumers are ploughing money into the economy, which should fuel growth. Personal expenditure can therefore provide an indication of economic trends. It also has a direct affect on inflation: high levels of consumption may push up prices.
Significantly, one of the Fed's primary measures of inflation is derived from PCE.
What can we expect?
Analysts surveyed by Bloomberg forecast a change in PCE of +1.7%, which is the same change as the previous month. The core PCE figure came in at 2.1% which remains unchanged from the previous figure.
U.S. - University of Michigan Consumer Sentiment Index (September)
Released by:University of Michigan (monthly report)
Time: 10.00 (EST)
What is it?
A report that assesses consumers' thoughts on the economy and their personal finances, determined via a survey of consumers from 500 households.
Why is it important?
Although the survey polls fewer consumers than the Conference Board's Consumer Confidence Index, and is not as well established, the University of Michigan Survey is acknowledged as being one of the primary indicators of US consumer sentiment and often moves the financial markets on release.
The headline figure is determined by subtracting the percentage of unfavourable responses from the percentage of favourable responses and a low or falling number is taken to be an early sign of a downturn in the economy. Consequently, investors follow this indicator closely in order to gauge the strength of the economy.
What are market expectations?
Economists surveyed by Bloomberg yielded a median forecast of 71.0, compared with the previous release of 73.1.
Wednesday, 24 September 2008
tried playing again today at 4pm.. It went well for the 1st half hour.. won around 40 SGD.
I took a break and continued.. but lost all the money i earned.. and now my net profit is only 52SGD, up from 4 bucks yesterday.
Now I know I can only withstand a few rounds.. So i shall stick by that tmr and improve on my trading skills!! YOSHEE
I took a break and continued.. but lost all the money i earned.. and now my net profit is only 52SGD, up from 4 bucks yesterday.
Now I know I can only withstand a few rounds.. So i shall stick by that tmr and improve on my trading skills!! YOSHEE
Tuesday, 23 September 2008
my trading account has just been opened! profit so far (2 days, around 8 positions) is 46 SGD (loss already calculated) ..
heh heh
even though it's not alot of money, but its a good start. FX really can be super volatile and the minute trends totally different from hourly trend. However, it is to be expected cos of the changes minute by minute.. When it goes up, surely it will come down. (that's wad the buyers are thinking too)
Also, my fears/feeling of heart pounding that was experienced last night has stopped. i had gastric last night too haha! Today only left nervous hands.. not bad for a 2nd day .. just that profit wasn't too high cos the perfect order was breaking up when i entered.. haix Wrong timing!!
To make good money, I need to find a timing properly! do not go in to gamble!!
i shall continue to practice (with real money, of course!)
heh heh
even though it's not alot of money, but its a good start. FX really can be super volatile and the minute trends totally different from hourly trend. However, it is to be expected cos of the changes minute by minute.. When it goes up, surely it will come down. (that's wad the buyers are thinking too)
Also, my fears/feeling of heart pounding that was experienced last night has stopped. i had gastric last night too haha! Today only left nervous hands.. not bad for a 2nd day .. just that profit wasn't too high cos the perfect order was breaking up when i entered.. haix Wrong timing!!
To make good money, I need to find a timing properly! do not go in to gamble!!
i shall continue to practice (with real money, of course!)
Monday, 1 September 2008
a short story
终于可以写中文了！
前个月上班时无聊，空闲时写了这个短篇.想不到吧？我这个从来不阅读华文书的华人也会写中文故事？告诉同事朋友家人时，个个都用奇异的眼光看着我。这篇短文是我读了古龙的武侠小说后的到的灵感，可说是各人奇迹！
故事就是这样开始的。。。
柳树安静优雅好像挂在蓝天的一个礼物，迎接着他的到来。那片绿色如丝如绵的草和小花以进如眼帘，他感到如此平静如此美妙至如诗如画一般。这种心情的转变还没有到最高境界。只不过美酒始终会饮完，美景有一天也会消失。就在那一顺间，世界上只有他一个人淘醉在这如天下星地下宝的风景中，他也感到无比自如。可是他渴望遇见情同道合的人，和他一样热爱大自然的知己。眼前所有的一切是他的生命的原因，生存的力量。唯有在那宽阔的绿洋中他感到自在自如，就如鱼得水一般，这种感觉多数人都能了解，但少数人能身灵其境。 所以他从来没有遇见过会想抛开世界所有荣华富贵，就为了住在一个完全自由得世界里。
我当时就写到此。。。 你们说如何？ 我现在就给它继续。
他心里孤独，脑子里却翻滚着如何更加淘醉在这美妙的特境中。他不故内心的忧愁，也不故那翻复的情感在他内心造成的不自在。他这时候只想到高兴满足的，想看着这个美景，让美景于他二合为一。这是他灵魂和宇宙之间的友情。这也是宇宙跟任何人最好的友谊。他身上的优愁，孤单，寂寞也随着慢慢消失。他呼吸放松，思想自如，四恣柔软起来。身上的疲劳也就一起消失。
当他在次打开双眸时，天色以变得浅蓝色－-他最喜欢的颜色。他高兴的跳起舞来。可以一个人在这无人的荒山野林，和鸟儿一起共同欢乐使他更加开心。他过了一会儿便走下去。今天他正要到山上走一趟。他想在那里做画写诗。。。
I know there're so many wrong words in this short prose but i'll try to correct them soon haha
I wrote it after I was inspired by my fantasies of Mt Rinjani. This place is really awesome, and the scenery so beautiful and heavenly, that it stirs my soul and reawakens my love for nature! One cannot imagine how it feels like if one hasn't been there. That's wad I wanted to bring out in the short prose. Anws, it was written few months back when I was slacking during work, hahaha.. i still remember I was in one of the classrooms almost falling asleep.
前个月上班时无聊，空闲时写了这个短篇.想不到吧？我这个从来不阅读华文书的华人也会写中文故事？告诉同事朋友家人时，个个都用奇异的眼光看着我。这篇短文是我读了古龙的武侠小说后的到的灵感，可说是各人奇迹！
故事就是这样开始的。。。
柳树安静优雅好像挂在蓝天的一个礼物，迎接着他的到来。那片绿色如丝如绵的草和小花以进如眼帘，他感到如此平静如此美妙至如诗如画一般。这种心情的转变还没有到最高境界。只不过美酒始终会饮完，美景有一天也会消失。就在那一顺间，世界上只有他一个人淘醉在这如天下星地下宝的风景中，他也感到无比自如。可是他渴望遇见情同道合的人，和他一样热爱大自然的知己。眼前所有的一切是他的生命的原因，生存的力量。唯有在那宽阔的绿洋中他感到自在自如，就如鱼得水一般，这种感觉多数人都能了解，但少数人能身灵其境。 所以他从来没有遇见过会想抛开世界所有荣华富贵，就为了住在一个完全自由得世界里。
我当时就写到此。。。 你们说如何？ 我现在就给它继续。
他心里孤独，脑子里却翻滚着如何更加淘醉在这美妙的特境中。他不故内心的忧愁，也不故那翻复的情感在他内心造成的不自在。他这时候只想到高兴满足的，想看着这个美景，让美景于他二合为一。这是他灵魂和宇宙之间的友情。这也是宇宙跟任何人最好的友谊。他身上的优愁，孤单，寂寞也随着慢慢消失。他呼吸放松，思想自如，四恣柔软起来。身上的疲劳也就一起消失。
当他在次打开双眸时，天色以变得浅蓝色－-他最喜欢的颜色。他高兴的跳起舞来。可以一个人在这无人的荒山野林，和鸟儿一起共同欢乐使他更加开心。他过了一会儿便走下去。今天他正要到山上走一趟。他想在那里做画写诗。。。
I know there're so many wrong words in this short prose but i'll try to correct them soon haha
I wrote it after I was inspired by my fantasies of Mt Rinjani. This place is really awesome, and the scenery so beautiful and heavenly, that it stirs my soul and reawakens my love for nature! One cannot imagine how it feels like if one hasn't been there. That's wad I wanted to bring out in the short prose. Anws, it was written few months back when I was slacking during work, hahaha.. i still remember I was in one of the classrooms almost falling asleep.
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