1. A portion of the sell-off on SGX last Friday could be due to foreign funds selling index linked stocks due either to profit taking or to increase their liquidity for margin calls on funds that are more highly leveraged.
2. SGD weaken against USD last Friday on both the spot and forward market partly because foreign funds that have convert back to their home currency. I am not sure if MAS has intervened to support SGD.
3. SGX is closed on Tuesday 9 August due to national day celebrations.
4. To add additional time window risk, there is a FOMC meeting also on Tuesday 9 August in USA.
Just my common sense and I can be wrong.
Peter Lye aka lkypeter
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Please note that information contained in these pages are of a personal nature and does not necessarily reflect that of any companies, organizations or individuals. In addition, some of these opinions are of a forward looking nature. Lastly the facts and opinions contained in these pages might not have been verified for correctness, so please use with caution. Happy Reading. Copyrights of all contents in this blog belongs to Peter Lye unless stated otherwise.
Safe Harbor
Please note that information contained in these pages are of a personal nature and does not necessarily reflect that of any companies, organizations or individuals. In addition, some of these opinions are of a forward looking nature. Lastly the facts and opinions contained in these pages might not have been verified for correctness, so please use with caution. Happy Reading. Copyrights of all contents in this blog belongs to Peter Lye unless stated otherwise.