Browse Articles by Shing-Ip Tsui



All Dragged Down by Massive Yen Strength

Shing-Ip Tsui - October 22, 2007
The forex markets are dominated by carry trading unwinding activities today. Read More >>

Dollar Surges on Solid Non Farm Payroll and Upward Revision

Shing-Ip Tsui - October 05, 2007
Dollar surges across the board in early US session after solid non-farm payroll report that showed 11k job growth in Sep... Read More >>

Markets to Consolidate This Week After Fed's Discount Rate Cut

Shing-Ip Tsui - August 19, 2007
With Fed's discount rate cut, markets are expected to calm down this week and turn into consolidation. Economic data may be back into focus but the impact will still be limited and markets are still nervous on further development of the credit crisis. Read More >>

Yen Retreats Sharply After Fed Steps in with 50bps Discount Rate Cut

Shing-Ip Tsui - August 17, 2007
Fed stepped in before US open to restore "orderly conditions" in financial markets. Unexpectedly, Fed reduced the discount rate, the rate that Fed charges banks, by 50bps. Read More >>

Free Fall in Yen Crosses Continues

Shing-Ip Tsui - August 16, 2007
Another round of massive yen buying was seen in late European session to early US session and this time, USD/JPY also tumbled sharply lower and tapped even into 113 territory, the lowest level since Jul 2006. Read More >>

Focus Back to Risk Aversion, Yen Crosses Tumble

Shing-Ip Tsui - August 09, 2007
From Europe, French bank BNP Paribas said three of its funds were hit by US subprime mortgage problems and decided to temporarily suspend redemptions from the funds. Yen is sharply higher across the board. Momentum of the yen continues into early US session as US stocks headed for a sharply lower open. Read More >>

Could FOMC Send Dollar Down Further?

Shing-Ip Tsui - August 05, 2007
The main event of this week is undoubtedly the FOMC meeting. Fed is expected to keep rates unchanged at 5.25% for sure. The focal point will again be on the accompanying statement. Read More >>

Yen Sharply Higher on Massive Carry Trade Unwinding

Shing-Ip Tsui - July 29, 2007
The forex market was dominated by massive carry trade unwinding last week. The Japanese yen, and to a lesser extend the Swissy, surged sharply across the board on risk aversion, that was triggered by concern on worsening of the subprime mortgage problems. Read More >>

Can Q2 GDP Save the Dollar?

Shing-Ip Tsui - July 21, 2007
The major dollar mover was still the concern of subprime mortgage problems which sent the greenback to another record low against Euro on Friday. Read More >>

Dollar Recovers After CPI, Short Term Bottom In Place?

Shing-Ip Tsui - July 18, 2007
After edging to new record low against Euro earlier today, dollar recovers the losses and is sent higher in early US session after higher than expected headline inflation data. Read More >>