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Monthly Archives: June 2017

As a patriotic Singaporean, I am upset and appalled and what Lee Wei Ling (LWL) and Lee Hsien Yang (LHY) are doing to their own family, more importantly, to Singapore and to Singaporeans.

Treason – the offense of acting to overthrow one’s government.

As intelligent and educated persons, doesn’t LWL and LHY know well enough that they shouldn’t wash the family’s laundry in public.  For goodness sake, you come from a politically infludential and politically sensitive family, you need to behave yourselves.

Today, you have shamed and hurt Singapore’s reputation, you have damaged Singapore’s economy, you have offended and betrayed Singaporeans.  No wonder, you wish to migrate, you have chosen to condemn Singapore and hurt Singaporeans, why should you continue to stay in Singapore?

Your movitation is simply GREED.  LWL obviously has a problem, after her father’s passing, she has been posting degorative articles about our Singapore government, certainly she couldn’t or wouldn’t have been able to, as long as her father, Lee Kuan Yew (LKY) was alive.

In one of his last interviews, LKY told the reporter that he would prefer to demolish his home because he didn’t want the government to waste monies to preserve his home as a Singapore heritage.  LKY is a simple and very practical man, he didn’t see the value of the government wasting monies preserving his home just as a memorabilia of him as the first PM and the man who built Singapore. In fact, he eluded that his neighbours are all condominiums and that it would be better to demolish the home, change the land planning use and sell for higher value.

Since LHL was working so closely with his father in government and in personal life, it was no surprise that 38 Oxley was bequeath to LHL separately from the rest of the assets which was divided amongs the three siblings.  All the problems would have been avoided if LHL had kept 38 Oxley and then sell it to the government for the government to preserve it as a heritage memorabilia of LKY.  Proceeds of the sale, LHL can donate to charity. Nice and clean.

However, as the eldest in the family, he wanted to be fair by his other siblings.  So, he sold 38 Oxley to LHY and the sale proceeds he donated to charity.  LHL did not benefit from it at all.

Why is LWL and LHY so insistent on demolishing 38 Oxley?  If it’s demolished it cannot be preserved as heritage. Then, they can submit a change of use to condominium status and sell for $$$$$$$$$$.  So you see, it’s GREED that is the motivating factor, and to use their father’s name in vain, to malign the government and to maliciously attack their brother LHL………………….sigh…………such unfilial children and horrible siblings…………LHL is right, his parents will turn in their graves!

I am saddend that LWL and LHY are demolishing the reputation and establishment of the Lee family.



FOMC is fixated on inflation and jobs creation and early this evening was the US; Retail Sales and CPI, which I felt would be a highly volatile event data.

So at about 8:14pm, I decided to put on my straddle on the EURUSD and USDJPY with the following details: –


Stop if Offered at 1.1170, Spot at 1.1202, Stop if Bid at 1.1230


Stop if Offered 109.90, Spot at 110.28, Stop if Bid at 110.58

SLs all established at 30bps away.

As it turned out CPI and Retail Sales bombed!

Both my EURUSD and USDJPY were triggered.

I followed the market till about 11pm and decided to square off my positions as follows: –

EURUSD squared at 1.1276

USDJPY squared at 108.97

Trading profit; USDJPY = 0.93yen and EURUSD = 46bps

Not bad, if I may say so myself.

Not much noise coming up to this even, but decided to put in a straddle trade with the following details: –

Spot 1.2701, Stop if Offered 1.2680, Stop if Bid 1.2720 with corresponding 20bps SLs.

CPI came out strong, PPI weaker, HPI, higher, so what we can deduce is that inflationary pressures are coming from asset appreciation and consumption.

Consumption ok, but asset appreciatio by way of high real estate prices is not healthy, more importantly, it gives BOE the ammunition to raise interest rates to stop the real estate market from over-bubbling.

I withdrew the straddle trade.

On June 8, I decided to buy two USDJPY call options; a 1 month and a 3 month with the following details: –

1 month USDJPY call option expiring 10 July

Spot 109.50, Premium 1.02, B/E 110.52

3 month USDJPY call option expiring 8 Sep

Spot 109.50, Premium 1.68, B/E 111.18

I am confident that USDJPY will resume its march back up to 114.

Let’s see.

Admittedly, I was alittle nervous going into the RBA rate decision yesterday. However, AUDUSD was hovering around 0.7485 going into the RBA session.

It was quite certain that RBA wouldn’t lower or raise interest rates. Too much noise in the market about a possible rate cut and then again with inflation and the ‘bubble’ real estate market, the only way is to raise interest rates.

Anyway, I wasn’t so bothered about it, I was more concern about the RBA statement and what it could imply???

Thankfully, it was a neutral statement, one without ‘teeth’.  AUDUSD responded positively and powered northwards.

I decided to square the other half of my AUDUSD call option at 0.7550 for a trading profit of 142bps!!!

Thank you RBA, thank you Lowe!

After ADP superby performance of 253K versus forecast of 181K, Wall Street and Main Street were anxiously awaiting NFP tonight.

Then again, there were many times when NFP surprised us all with a weaker number.

I decided to play my straddle to capture the market either way: –

Bought a EURUSD Put Option expiring Monday, June 5th; Spot 1.1215 and B/E 1.1189

Bought a USDJPY Put Option expiring Monday, June 5th; Spot 111.59 and B/E 111.26

As it turned out, the NFP number came in considerably weaker at 138K versus forecast of 181K and previous month was also adjusted lower.

The EUR strengthened agaisnt the USD, so my put option was useless.

However, the JPY strengthened against the USD and put my USDJPY put option into the money.

I decided to square the USDJPY put option at 110.57.  It was sufficient to offset the cost of both the options and left me with a decent 36 bps trading profit.