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Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors.
Before trading, please ensure that you fully understand the risks involved
Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors. Before trading, please ensure that you fully understand the risks involved

Portfolio Mix

Click on the dial to see the conservative, moderate & aggressive portfolio strategies.

Asset Allocation
10%
Equities
10%
Indices
10%
Forex
20%
Commodities
50%
Bonds
Note: This is for illustrative purposes only and there is no obligation to accept the asset allocation suggested by this tool
Instruments
Description
Trend
Trading Range
equites
Bank of America
Trend
Range 39.29 - 47.55
Bank stocks have soared, emboldened by hopes of a COVID19- vaccine rollout, a steepening yield curve, and the resumption of share repurchases. Also, the worst-case economic scenarios may not come to fruition, giving investors new reasons to be bullish. As vaccinations increase and economic activity starts to rebound, bank stocks can recover and outperform over the course of 2021. Bank of America's results took a hit this year, but it should be temporary. Revenue only dipped 6% despite a huge decline in economic activity. Pre-tax, pre-provision income only declined 17% and remained at highly profitable levels. And Bank of America began releasing reserves in the fourth quarter, and further released $2.7 billion in reserves for loan losses in the 1st quarter of 2021. The bank posted a first-quarter profit of $8.1 billion, or 86 cents a share, exceeding the 66 cents a share expected by analysts and produced $22.9 billion in revenue, edging out the $22.1 billion estimate. CEO Brian Moynihan announced that although interest rates continued to challenge revenue, improved credit costs will help progress in the health crisis as the economy pivots to an accelerating recover
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indesis
SPX Cash
Trend
Range 4118.8 - 4467.31
Risk assets got a boost after a host of Fed speakers again reiterated their stand that the Federal Reserve views the current spike in inflation as transitory. This stance seems to have pulled down US Dollar and US 10 year treasury yield. USD/CNH's decline for the fifth straight session further bolstered Japanese benchmark indices. On the data front, weekly jobless claims came in lower than expected, 406,000, compared with expectations of 425,000. Claims are at a new pandemic low, keeping on a downward trend and other economic data pointed to a continued rebound. Gross domestic product growth revision was at 6.4%
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forex
EURUSD
Trend
Range 1.198 - 1.23
Euro gave up its last week's early gains on back of rising US treasury yields and solid US economic macro data releases. Concerns regarding rising US government debt supply on back of President Biden's expected $6 trillion budget helped pushed the yields higher. Other macro-economic numbers including that for US unemployment & Prelim Q1 GDP estimates largely came in line with the market estimates. This further helped reaffirmed the faith in the ongoing recovery & reopening theme. Looking from a macro perspective too, US economic recovery looks on a better footing as compared to its other developed market peers. However, major European economies are fast catching up with latest Eurozone PMI releases touching their -3year highs. Markets will eye comments from host of scheduled FOMC members speeches including that from Fed Chair Powell.
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commodities
Gold
Trend
Range 1854 - 1986
Gold was on track to tally with its largest monthly gain since July 2020 with the metal above the key 1900$ mark. The surge in the metal came after a host of Fed speakers again reiterated their stand that the Federal Reserve views the current spike in inflation (core PCE jumped to %3.1) as transitory. This stance seems to have weighed on US real yields and led to the debasement of Dollar. Not to forget, the extreme volatility in bitcoin and other cryptos is supporting the safe-haven demand for gold. This was reflected in the resumption of inflows into Gold ETFs with total gold holdings now at 101 million ounces currently, up from 99.45 million ounces at the start of the month. For the time being, the market is taking the Fed for its word, but if the numbers keep coming like this, that narrative could be challenged.
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bonds
Vanguard Short-Term Corporate Bond Index
Trend
Range 81.42 - 84.32
Vanguard Short-Term Corporate Bond Index is a compelling option for exposure to short-term investment-grade corporate bonds. VCSH offers with only short-term bonds with an average duration of 2.8 years across the roughly 2,300 individual bonds in the portfolio. Chances are pretty low that firms like Goldman Sachs Group (GS) or Apple (AAPL) that make up this fund will disappear in the next year or two, so that makes this fund much less risky. Meanwhile, the roll-out of covid19- vaccines and the much-awaited US stimulus will aid the economic recovery and boosts the profits of these companies.
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iShares iBoxx $ High Yield Corporate Bond ETF
Trend
Range 84.75 - 90.43
iShares iBoxx High Yield Corporate Bond ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. The prospects of larger stimulus checks coupled with successfull roll-out of covid19- vaccines have bolstered hopes of a strong economic rebound next year which will also help these companies add to their top and bottom lines.
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iShares iBoxx $ Investment Grade Corporate Bond ETF
Trend
Range 127.77 - 134.32
As part of its policy kit, the Fed announced that in addition to a Primary Market Corporate Credit Facility, it would also buy Investment Grade bonds in the secondary market. The Fed created a SPV that will purchase in the secondary market corporate debt issued by eligible issuers. What is more interesting is that the SPV will purchase eligible individual corporate bonds as well as eligible corporate bond portfolios in the form of exchange traded funds (ETFs) in the secondary market. In other words, The Fed Is Now Buying Investment Grade Bond ETFs like iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) which should boost their prices.
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iShares Core U.S. Aggregate Bond ETF
Trend
Range 112.72 - 116.15
iShares Core U.S. Aggregate Bond ETF (AGG) is one of the 10 largest ETFs on Wall Street and one of the most popular fixed-income options. This fund offers broad exposure to U.S. investment-grade bonds, including Treasury bonds, agency mortgage debt from government-backed entities like Fannie Mae and Freddie Mac and corporate bonds from highly-rated firms like Bank of America Corp. (BAC). There is built-in diversification and a focus on lower risk. AGG also offers a scale and liquidity that appeals to investors as the fund boasts almost 67$ billion in assets and regularly trades north of 3 million shares each day.
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Data Source: Bloomberg

Arun Leslie John
Chief Market Analyst

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The product and investment ideas do not consider the risk profile and financial position of the recipient and may not be suitable for everyone.
Trading in financial markets involves a significant risk of loss, which can exceed deposits. Please read the complete disclaimer carefully.
DISCLAIMER: Century Financial Consultancy LLC (“CFC”) is Limited Liability Company incorporated under the Laws of UAE and is duly licensed and regulated by the Emirates Securities and Commodities Authority of UAE (SCA). This information is for illustrative proposes only and must not be construed to be an advice to invest or otherwise in any investment or financial product. CFC does not guarantee as to adequacy, accuracy, completeness or reliability of any information or data contained herein and under no circumstances whatsoever none of such information or data be construed as an advice or trading strategy or recommendation to deal (Buy/Sell) in any investment or financial product. CFC is not responsible or liable for any result, gain or loss, based on this information, in whole or in part. Please refer to the disclaimer section of the website for full disclosure of the terms and conditions.
Risks and Assumptions for Back-tested trading strategies
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The risks and assumptions listed here are not intended to be an exhaustive summary of all the risks and assumptions involved.
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The strategy might suffer from look-ahead bias which occurs due to use of information or data in a study or simulation that would not have been known or available during the period being analyzed. This can lead to inaccurate results in the study or simulation.
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Future price movements may not be exactly the same as the historical price movements and this could lead to variation in performance.
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Testing can sometimes lead to over-optimization. This is a condition where performance results are tuned so high to the past they are no longer as accurate in the future.
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The model assumes no slippages in trading. Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed.
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Drawdowns in actual trading can be higher than the tested system and loses could significant in the event of leverage.
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Unforeseen events can lead to variation in performance from the tested trading strategy.
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The tested result has been computed with price feeds available from Bloomberg.
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The testing environment has not considered transaction or any other costs.
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Trading indicators used for the purpose of testing has been provided by Bloomberg.
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The strategy might suffer from data mining fallacy, selection bias and backfill bias.
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