Crude prices bounce as oil traders cheer hopes of US-China trade talks and back production-cuts package. Even geopolitical tension could be good news, say oil producers.
Curious about the history of crude oil trading? Let’s find out what the key oil price drivers were throughout the centuries and take a quick look at the latest analysts’ forecasts.
After a torrid few years, with 2018 one of the hardest, Singapore’s stock market is staging something of a rally. Hopes for a US-China trade settlement and a New Year budget, thought positive for property and other sectors, have pepped up what had been a flagging equities scene.
The Brexit picture has been further clouded by a split in the opposition Labour Party and a looming vote on whatever deal the government can bring back from Brussels. But the pound is generally stronger against major currencies and the blue-chip FTSE 100 Index is higher than it was a month ago.
No discussion of trading strategy is complete without some mention of correlation with regard to assets in a portfolio. This can seem daunting, but understanding correlation can be straightforward and profitable.
Asset-price bubbles are to traders and investors what shoals of rocks and treacherous tides are to sailors, a deceptive situation that can pull them under. But how can you tell what is a justified price rally and what is a dangerous example of herd mania?
Singapore’s policy of keeping its currency within set trading bands seems to have paid off as its value has remained remarkably stable during the past year. Any volatility is usually caused by problems in other currencies, such as sterling’s Brexit-induced weakness.