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Closing of Managed Accounts

Posted in Announcements at August 21st, 2008 by Shuli Cheng 12 Comments »

As of 8/21/2008 6pm PST, all remaining client funds have been returned to their respective MA Unallocated Balance accounts.
I set out 8 months ago hoping to provide an alternative solution against investing in the failing US equities market and also to prove my abilities as an account manager. The tables have turned and I […]

Currency markets can be very unforgiving when several trades go south. But more importantly, I struggle to forgive myself for my follies and lapse in judgment in the last week. Bad news is hard to stomach, and even more difficult to report.
Major institutional position changes took place that annihilated dollar bearish portfolios, mine […]

The 2nd quarter of 2008 was very dollar bullish. This was surely influenced by the Fed’s hawkish tones in wanting to raise interest rates to strengthen the dollar. I am convinced that the US key lending rate cannot lower further.
Crude oil prices are still climbing, pressuring the Fed to stop lowering interest rates. […]

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Positions hinge on the direction of the dollar

Posted in Analysis at June 15th, 2008 by Shuli Cheng No Comments »

We have been enjoying the dollar’s steady deterioration for quite some time, but the outlook for a continuation in the near term looks bleak. Many traders, like myself, must now re-align our portfolios’ positions to the possible change in the USD trend. We are already seeing signs of the Euro’s inability to reach […]

Recent weeks have been very dollar optimistic. Our general sentiment was, however, that the near term dollar rally would come to an end. The market moves in cycles and the next one will not be very favorable towards the dollar. We will look for more negative financial data to come out of […]

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About this Blog

Shuli Cheng spicecap.com

This blog aims to share my knowledge of the Forex market with both traders and investors.

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