Chinese New Year was celebrated on Feb. 14, and 2010 will be the Year of the Tiger. According to the Chinese zodiac, it is a year traditionally associated with drama,massive changes, travels and volatility. Unfortunately, world conflicts and disasters tend to feature during Tiger years also, so it won’t be a dull 12 months for anyone.
CLSA Asia-Pacific Markets (‘CLSA’) a leading independent brokerage and investment group in Asia and a wholly-owned subsidiary of Credit Lyonnais S.A published its annual Feng Shui Index report to see what the Tiger holds for equities, commodities and property. It may come as no surprise that the year of the golden tiger has its sights set on the precious metal itself. CLSA predicts 2010 to be a year for gold, forecasting the price of the yellow metal to break US$2,000/oz.
According to the CLSA Feng Shui Index the first three months of the year of tiger is as follows:
1. Wood Tiger (Feb 14-March 15): The index is up and sentiment is good for market. Money flow from South West
2.Wood Rabbit (March 16-April 13): The index is down with bumpy(volatile) market sentiment. Money flow from the East.(Note: March 21st-vernal equinox)
3.Earth Dragon (April 14-May 13): Index continue to fall. Bumpy market with money coming from South East(May 7th is an inauspicious date)
From forex trading perspective, I would like to see the index forecasting for the stock market and subsequently the market coloration with forex in this case the US Dollar and Japanese Yen.
