ChuaChangYi

ChuaChangYi

Overall market rally seems way overdone and overhyped, although congress continue to press for stimulus bills on energy sector; still upside risk to reward does not warrant a long position at this point in time. Rather, market's current rally are living on pro-longed extension from recovering CPI data to positive earning outlook to stock split. These catalyst...

ChuaChangYi Updated 

USD tightening policy vs CNH easing policy Inflation is like an illness, and medicine needs to be tailored to the specific problem. Both countries policies are deployed to aid individual domestic economy. And right now, the Fed has no control over the main driver of rising prices, however data suggest that domestic economy allows for Fed to press on tightening...

ChuaChangYi

Overall market rally seems way overdone and overhyped, although congress continue to press for stimulus bills on energy sector; still upside risk to reward does not warrant a long position at this point in time. Rather, market's current rally are living on pro-longed extension from recovering CPI data to positive earning outlook to stock split. These catalyst...

ChuaChangYi

Overall market rally seems way overdone and overhyped, although congress continue to press for stimulus bills on energy sector; still upside risk to reward does not warrant a long position at this point in time. Rather, market's current rally are living on pro-longed extension from recovering CPI data to positive earning outlook to stock split. These catalyst...

ChuaChangYi Updated 

Slightly risky play hence small position should suffice. HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too.

ChuaChangYi Updated 

Slightly risky play hence small position should suffice. HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too.

ChuaChangYi

Slightly risky play hence small position should suffice. HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too.

ChuaChangYi

Slightly risky play hence small position should suffice. HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too.

ChuaChangYi

Slightly risky play hence small position should suffice. HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too.

ChuaChangYi Updated 

Quick summary of current market environment: Current Macro event The global economy slowed down in the first quarter due to, among others, the resurgence of COVID-19, growing geopolitical tensions, and faster tightening of monetary policy in the major advanced economies. Overseas inflationary pressures continued to rise, and the price of energy, metals, and...

ChuaChangYi Updated 

Expecting CPI data release to remain sticky or print higher than 8.8% YoY The tricky yet fun part about trading XAUUSD is the tug-of-war analysis between dollar vs commodity gold where traders stress out weighing between USD vs XAU and which is playing the determinant factor at point of time. As everyone knows gold is seen as a safe haven and macro-economic...

ChuaChangYi Updated 

PS: I don't usually pitch stock picks, but when I do they better be good ;) Healthy technical correction highlights new entry opportunity for Zynga Inc (ZNGA US) Couple interesting headlines to watch: 1. Reid Hoffman, Mark Pincus, And Michael Thompson Looking To Raise $600 Million For SPAC - Reinvent Technology Partners (RTP/U US) 2. Unusually skewed option on...

ChuaChangYi Updated 

I have been inactive here for past 2 years since I last post about FX picks and market analysis. Due to nature of job and industry I try to avoid conflict of interest, anyway below are my analysis of Walmart. Background about Walmart: *Brick & Mortar Shopping Mall with about 4,700 stores (Supercenter) *>50% revenue comes from groceries, follow by breakdowns to...

ChuaChangYi Updated 

About Workhorse Workhorse Group is known for manufacturing electrically powered delivery and utility trucks/drones. Last month, Workhorse reported it received safety approvals for its electric vans. Workhorse noted that it actually became the first and only medium-duty battery electric vehicle (BEV) OEM to receive approvals from both the Environmental Protection...

ChuaChangYi

Topic of the day: Big disconnection between Gold vs Yen. Both well known as safe haven are displaying strong negative correlation today while Gold drop more than -1.16% during Asia morning session and Yen is seen resilent against this drop. Isolating Dollar strength as we had flat dollar currently (96.751) aid to conclude that mentioned above is not a result of...

ChuaChangYi Updated 

Movement of Gold is likely due to strong Dollar over other factors. Personally, I see demand for Gold has decreased due to current state of Risk-on environment. Countries that favor Gold have increased interest rate to combat their inflation level hence that will give another reason why Gold is still not seeing light for now.

ChuaChangYi Updated 

Due to certain factors, I will keep this short as I can't reveal much information. Rising oil price are the main driver for India’s inflation as further inferred that India being the heaviest Gold buyer to hedge inflation risk are seen with lower volume. India being the biggest net Oil importer having to face rising oil prices might result to larger trade...

ChuaChangYi

Good entry and low risk trade. Generally strong Dollar against major peers.