The Traderszone Network

The headlines from the MAS earlier are here:
Singapore central bank says stronger easing than done in Oct was unwarranted
Here is the direct link:
Macroeconomic Review October 2015
The press in Singapore have a bit more of a summary, here:

What’s the best way for the world’s second-largest economy to explain its 13th five-year plan?

Forex news for Asia trading Tuesday 27 October 2015
Early action in Asia today on the New Zealand trade balance data. Another big deficit this month, with stronger than expected imports reflecting an economy that is still on the strong side offset by weaker than expected exports. The NZD/USD dipped briefly toward 0.6750 but bounced back 20-odd points just as quickly.

Not a nice story …
– A 61 year old manager of a Hong Kong currency exchange shop was robbed of HKD960,000 yesterday
– At least six robbers were involved

As I write this article, at about 11:30AM NY time, on 27 October 2015, the probability of another banker raid in the paper gold and silver derivatives markets increases and remains elevated. Yet, every time bankers raid paper prices, if indeed this happens again sometime over the next few trading days, their raids on the fiat currency prices of gold and silver always trigger a lot of frustration on behalf of physical gold and physical silver owners due to an improper equating of fiat currency price with real value and improper equating of “perceived” value with “real” value.

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Years after playing a key role in Hong Kong’s dollar peg, John Greenwood reckons a currency board is still a good option.

The Monetary Authority of Singapore half-yearly
macroeconomic review released now:
– MAS says policy easings so far this year will support economy, sees downside risks to growth
Headlines via Reuters