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2022 is the year where the world will feel the full effect of high inflation. Sparked off by the global supply chain gridlock due to the lock-down in response to COVID-19, inflation was further exacerbated when Russia attacked Ukraine as both countries are major exporters of energy and commodities critical to global food supply and industrial productions. To fight off inflation, central banks all over the world responded by tightening money supply and raising interest rates. Crossing over from 2021, investors found the value of their financial assets diminish greatly in value, some by more than 50% within the span of 6 months. Suddenly, the investors realised that “Cash is King!”. But not all currencies reacted the same way as a result of this macro-economic movement. Over the past 6 months, with the exception of US Dollar, we had all witnessed several major currencies falling in value.
How will these currencies react over the next 6 months? What factors should we look out for? What strategies can we employ to trade currencies effectively? Join us in this webinar if you are keen to learn more about trading currencies in an inflationary world.
Webinar Outline
- Cause and effect of high inflation
- Introduction to currency trading
- Understanding monetary policies and its effect on currencies
- Strategies for currency trading using MT5
Speaker
Eric Lee is a Sales Director at Phillip Nova. He joined PhillipCapital since 2004 and is regulated to deal capital market products in stocks, futures and forex as well as advising clients on investment products like Unit Trust. Over the years, he had developed systematic strategies to trade futures and forex short-term and to investing in stocks and unit trust long-term. Eric also provide coaching services as well as trades alerts via WhatsApp services where these services had saved clients hours in combing through the thousands of financial products instruments available in the market.
