Friday 10 May 2013

Market Daily - 10 May 2013


TGIF~

Last trading session of the week.

Big news overnight obviously is USDJPY breaching the 100 level, with this Nikkei once again establish a new high.

In FX market, BoE kept its rate and APS size as expected, but it turns out, I actually miss the elephant in the room!!! And it comes in the form of AUD. It sold off overnight but slowly coming back in Asia timing as of the writing of this article. Theoretically I think it should, given that its RSI are into the 20s level (on AUDSGD) clearly it is an oversold level. I'm doing the CARRY trade baby~

From Bloomberg Terminal Screenshot
                                                                

Today in SGX, we have the new Croseus Retail Trust listing. It was priced at $0.93 with a DPU yield of approx 8%. I think in a yield hungry environment this issue should do well given that it is like 21.4X oversubscribed??

Interesting Read

Is Abe-nomics a game changer? According to it Dan Loeb it should -http://www.cnbc.com/id/100725870

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