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Thursday, 23 March 2017

TECH TARGETS: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Neutral: Odds for a move above 1.0870/75 are not high. The 1.0825/30 level that we have talked about since Thursday was finally met with an overnight high of 1.0825. Shorter-term upward momentum is slowing down and while a move above 1.0825/30 would not be surprising, the odds for a break above last December high of 1.0870/75 are not high. Support is at 1.0745 but only a move back below 1.0715 would indicate that a short-term top is...

Wednesday, 22 March 2017

M Asia Trade Tech Targets: EUR/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR/USD: Neutral: Recovery to extend to 1.0825/30.  It took a while but EUR finally managed to move above 1.0800 and hit an overnight high of 1.0819. This level is just below the solid 1.0825/30 resistance and as indicated in recent updates, is unlikely to yield so easily. That said, in view of the strong daily closing yesterday, a move above this level is not ruled out but shorter-term indicators are severely overbought and the odds for...

Tuesday, 7 March 2017

SEA market ready to rate hike ahead of Fed meeting

Southeast Asian stock markets ended little changed in dull trade on Tuesday as investors were cautious ahead of a widely expected  interest rate hike by the U.S. Federal Reserve next week amid concerns about President Donald Trump's economic policies.  Fed Chair Janet Yellen has signalled that the central bank might raise interest rates at its next meeting on March 14-15, and may move faster after that than it has in years. After Janet...

Friday, 18 December 2015

STI Recovers Gap of Down Week; Impact of FOMC Meeting

WEEKLY WRAP OF STI Straits Times Index (STI) opened lower at 2832.44 on Monday and ended higher to this week by recovering the gap down at the week start by closing at 2852.84. 3 Days Free Trial Signals STI came off from its weekly peak of 2857.39 and low of 2831.10 this week and it keep on rising in 4 consecutive working days in this week which brought which recovered the fall on the opening at the starting of this week on Monday....

Thursday, 17 December 2015

Singapore STI Ended Higher With Positive Sentiment in its Next Trading Session

STI MARKET REVIEW: Singapore’s benchmark Straits Times Index (STI) opened 3.43 points higher or 0.12% on Thursday morning after the US Federal Reserve raised its short term interest after 7 years and the market ended higher to 20.26 points or 0.71 percentage higher at 2861.18. STI came off from its intra-day peak of 2868.27 and low of 2833.57. Market breadth was positive. Excluding warrants, gainers outnumber decliners 200 to...

Thursday, 10 December 2015

Bursa Malaysia; Market Review for KLCI- 11 Dec

The FBM KLCI index lost 10.71 points or 0.65% on Thursday. The Finance Index fell 0.25% to 14107.75 points, the Properties Index dropped 0.45% to 1180.61 points and the Plantation Index down 1.22% to 7358.69 points. The market traded within a range of 12.54 points between an intra-day high of 1661.19 and a low of 1648.65 during the session. The KLCI extended its losing streak for the third day after closing lower at 1648.65 points amid overnight losses in US market. Market sentiment was muted as oil prices continued to slide. Market forecast...

Wednesday, 9 December 2015

DAILY FOREX TECHNICAL ANALYSIS REPORT

GBPUSD The GBP/USD pair which was initially falling on Tuesday found enough support at 1.50 level to turn the things around and formed a rather positive hammer in the end. What remains to be seen is the direction it takes from here. We are currently holding no hopes of spikes rather are focusing our time on identifying selling opportunities. In our opinion, a breakdown below Tuesdays candle can also be a selling opportunity. EURUSD The EUR/USD pair went a notch higher on Tuesday, shooting through the hammer candle formed...