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Gav's trading blog - Perseverance, Consistency, Confidence

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Blog and Rants

The Coffee City

by Gav Leave a Comment

longblack.jpgI am a coffee addict. I drank costly espresso and cheap 3-in-1 instant coffee back in Singapore. Moving to Melbourne, I have new coffee experience. Every morning, I will have my Long black before stepping into office, and afternoon, I will have my Strong Latte for my mid day coffee break. I always wonder why does coffee in Melbourne taste better? Is it just psychological effect?

Here is something that support my observation. I found CoffeeGeek.com.

In preparation for the arrival of the Italian Olympic team, a few enterprising members of the large Italian community in that city (1 million out of 3.5 million total) decided to import the very first espresso machines into Australia and serve authentic Italian espresso. (It is important to note that Italians prefer to drink espresso coffee only, always with sugar and without milk.) These cafés quickly gained popularity amongst the Italian community, hence the tradition of Melbourne being the “coffee” city.

So , my compliment is right. Melbourne is the “Coffee City”

What is unique is that, outside Italy, the Australian and New Zealand café markets are the only other 100% espresso-based markets in the world! The US and other countries are dominated by filter style, or brewed, coffee. You cannot give filter coffee away in Australia or New Zealand. Furthermore, the Australian and New Zealand markets are unique in that the espresso based coffees are nearly always served with milk – approximately 98%, compared to 5% milk based coffees in Italy.

I have travelled extensively in the US, and I cannot say with hand on heart that most cafés there represent the espresso coffee standard of the US Barista Championship or even the World Barista Championship. It is my observation that the US espresso standard (on a national average) is where the Australian and New Zealand espresso markets were 15 years ago.

That means that there is still a lot of room for development.

Interesting article about culture of coffee and cafe. Now I know a little bit more about coffee instead of just sipping it everyday 🙂 Check it out. Cafe Culture Downunder

Filed Under: Life

Chart of interest: AUD/USD end 27-JUL-2007

by Gav Leave a Comment

No comment at the moment, just watching Aussie development for the coming week.

[photopress:audusd_daily27jul2007.gif,full,alignleft]

Filed Under: Trading Journal Tagged With: FX, Trading Journal

Just how to..

by Gav Leave a Comment

chimpanzee_thinking_poster.jpg

Note to self: I have a problem here. The trading bugs are running all over my body. I want to get back to trading again, but, just how to start? I need to work out a plan.

Filed Under: Trading Journal

Current Reading: An American Hedge Fund

by Gav Leave a Comment

I have one new arrival in my trading library. Timothy Sykes‘s An American Hedge Fund. I was surprised to see a ‘Uncorrected Proof’ copy of the book lying in my mailbox. It is my pleasure to have a chance to read Tim’s upcoming book. I will try to finish the book as soon as possible and write a review here.

bookcover2.JPG

 

Filed Under: Trading Journal Tagged With: Strategy & tools

My experience with banks

by Gav 10 Comments

I am having some problems with the banking system in Australia. Really, this is the time, I really miss Singapore. The efficiency and the processing speed in Singapore is kinda top notch.I am not saying there is any problem with the banks here, maybe, I just need some time to adapt to the way they work.

When I first arrived in Australia, I did a online bank transfer between two accounts. Both are from the same local Australian bank. This type of transfer, in Singapore, the fund will be available immediately. I was expecting the same. The story is, I had no enough fund to pay for my new furniture due to the delay of this transfer. Yes, it took more than 1 working day to make the transfer. Unbelievable. So, I have to call up the delivery department, requested to delay the delivery. What a embarrassing experience.

Next, I went to apply for credit card. I wrote about this before. The bank sent me a letter recently , informing me the card is ‘Ready for Collection‘. Great. I brought my income statements, contracts etc to the collection point (Wait, they don’t send the card to you via mail, due to ‘security reason‘?!?!, you have to move your ass to their office to collect), which was few streets away from my workplace. Now what? The customer service officer couldn’t understand my payslip, and Australian workplace agreement. I wasted my 30 minutes sitting there. You know the result. ‘We need 2-3 working days to verify, I need to fax these to senior officer to verify again, you may give me a call 2 to 3 days later to check the status‘.

Damn.Enough.

Seriously, I miss Singapore at this point of time. I stayed in a society with high efficiency for the past 8 years, I am really having a tough time to get used of the slowness here.

You want to know more? I have similar experience in applying home phone, broadband access and arranging courier service.

I am not complaining. Ok, I am, maybe. I know that I need some time to get used of the working style here.

For the banking service, Thumbs up, Singapore. Well, though I was not a million-dollar customer to them, but they served me like a customer, not asking me to follow ‘their’ rule.

Filed Under: Life

CME + CBOT = more stable electronic platform…..?

by Gav Leave a Comment

I received an email from CME group.

July 13, 2007

To Our Valued Customers:

We are very pleased to announce that today CME and CBOT have completed the merger of our two great institutions. The new entity – CME Group Inc., a CME/Chicago Board of Trade Company – is now the world’s largest and most diverse exchange.

Customers around the world will now have access to a wide array of benchmark exchange-traded derivatives products based on the entire U.S. interest rate yield curve, equity indexes, foreign exchange, agricultural commodities, energy, metals and alternative investment products such as weather and real estate. Supported by leading trading technology and world-class clearing, these products ultimately will be available for trade around the clock, around the world from a single electronic platform as well as via open outcry and privately negotiated trading. As one company, we will be able to provide more diverse and innovative products, increased operational efficiencies and a more streamlined business environment.

CME and CBOT are two of the most recognized brands in global financial markets. As we integrate our two companies, we will leverage our combined strengths to create an even more powerful brand. Our brand value will reflect our commitment to serving our customers first – through inventiveness, superior service, transparency, liquidity, industry leading technology, efficient clearing and global reach. Our new company, CME Group, is committed to these values as we continue to strive to improve the way markets work for your benefit.

Our customers are the foundation for our success, and we will work hard to keep you well-informed of our progress and will seek your feedback along the way. For more information, including a fact sheet and answers to many of your integration-specific questions, please be sure to visit our new Web site at www.cmegroup.com.

We deeply value our relationship with you and look forward to continuing to provide the innovative products, technology and customer service expected from us.

It is  nice to hear about the merger. We have a stronger exchange. But….does it mean we have less down time for electronic market?uhm…..

Filed Under: Trading Journal Tagged With: Strategy & tools

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