Macro Market Fundamental Analysis
- Finance & Investment
This module is conducted in-person.
2 Full Days (Weekdays)
Who Should Attend
- Professionals embarking on a career as a trader, portfolio manager or analyst
- Relationship managers, financial advisers and corporate bankers making investment and hedging advice
- Corporate treasury and risk management professionals with job functions concerning financial market development
- Investors looking to build up a foundation in fundamental analysis pertaining to the FX and interest rate markets
- All individuals seeking to acquire a more in-depth appreciation of the global macroeconomic backdrop affecting various industries
Overview
Incidentally, MMFA is also widely applied in top-down analysis of various investment asset classes and forms the cornerstone of market analysis for participants in various sectors of the financial market.
This 2-day course looks at essential macro and financial economic concepts, underlying principles, and practical relations to financial market phenomena through real world case illustrations. Participants will also learn the practical conduct of MMFA and its application for FX & interest rate trading view formulation & risk management consideration.
Learning Objectives
- Understand principles behind macro and financial economics doctrines and their practical relation to financial market phenomena
- Interpret and evaluate the fundamental effects of economic data and macro events on key policy variables (interest rates & currencies) affecting various investments in practice
- Gain hands-on experience using recommended financial market website platforms to track ongoing macro market development
- Apply MMFA to trading view formulation & risk management for the interest rate & currency markets
Topic/Structure
Essential Macro & Financial Economics Concepts - Underlying Principles and Practical Applications
- Aims of Government vs Investment World: GDP & Inflation vs Risk & Return
- Fiscal and Monetary Policies: Governments & Central Banks
- Expansionary vs Tightening Policies
- Budget Balance & Sovereign Bonds
- Balance of Payment & Foreign Exchange Reserves
- Effects of International Trades
- Central Bank Policy Variables
- Quantitative Easing
- FX Regimes
- Central Bank Interventions (Sterilized vs Unsterilized)
- Capital Control (Onshore vs Offshore Markets)
- The Impossible Trinity
- The Interest Rate Parity
The Conduct and Role of MMFA in FX/Interest rate Trading & Risk Management
Monitoring & Interpreting Economic Data & Macro Events
- Evaluating Effects of Fundamental Factors on FX and Interest Rates
- Identifying Market Themes & Sentiments
- Recognizing Risk-on/Risk-off Indicators
Applying Fundamental Trading Concepts
- Expectation of Central Bank Interest Rate Changes
- Yield Curve & Interest Differential Implications
- Currency Idiosyncratic Characteristics and Domestic Economics
Overview on integrating Fundamental & Technical Analyses and positioning with various FX products
Participants will do hands-on practice on the conduct of MMFA using recommended financial market website platforms
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Calculate Programme Fee
Fee Table
| COMPANY-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$654 (After SSG Funding 70%) |
$254 (After SSG Funding 70% |
$654 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
|
International Participant |
$2,180 (No Funding) |
$2,180 (No Funding) |
$2,180 (No Funding) |
All prices include 9% GST
Please note that the programme fees are subject to change without prior notice.
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
Self Sponsored
SkillsFuture Credit
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.
Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).Workfare Skills Support Scheme
From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.
Company Sponsored
Enhanced Training Support for SMEs (ETSS)
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
- Trainees must not be a full-time national serviceman
- Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
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