USD – wage growth picking up, job market strongest in nearly a decade, bullish for USD, buy dips AUD – can’t cut rates for it would carry risk that extra debt would outweigh additional economic benefits, domestic data not encouraging, but cannot do fiscal policy for fear of losing AAA. … Read More »
AUD – buy dips once, narrower than expected budget deficit, AAA rating kept, budget assumes lower commodity prices. But upside is limited JPY – BOJ expected to upgrade economic outlook tomorrow, stronger yen. Eyes less new debt in financial year 2017/18 buy dips USD – buy dips, fed rate hike, and future rate hike expected… Read More »
EUR – EU’s tusk agreed to allow EU parliament to take part in prepatory brexit talks. EU leaders come to agreement on how to move forward on brexit discussions. This is bullish for the euro, higher chances of better negotiation outcome for eurozone. Final CPI expected same Draghi has concerns over availability of collateral have… Read More »
You will find my sentiment analysis and bias for the pairs for 13 Dec 2016, based on news and fundamentals GBP – hammond backs slower brexit CPI expected to outperform -buy dips AUD – biz confidence good but not good enough for higher levels of investment. Bounce back expected, next Q, be4 subdued growth. It… Read More »
Watch for Oil to bottom @ $25 in 2016 ——————————————————————————————————————————————————————–
Capitaland (SGX) setting up for a long trade (11 Dec 2015) 28 Dec 2015 Target hit @3.34 on Thursday (24 Dec). High of day was 3.35. End of trade ——————————————————————————————————————————————————————– 20 Dec 2015 Trade is working out well so far. Entry at 3.10, Current price at 3.25. I would sell half at the current price… Read More »
ST Engineering (SGX) outlook for 2016 29 Nov 2015 Outlook is bearish: 1. Monthly chart shows lower highs & lower lows and price getting rejected strongly as it rallied to previous support at $3.2. Now support has turned resistance. 2. The next support can be found at the trendline which incidentally confluences with the fib… Read More »
SMRT Singapore Stock analysis *Disclaimer: I am not vested in this stock 6 Dec 2015 Quite unexpected for a strong bullish move for SMRT. There were clues though the downside wasn’t going as strong as expected, (posted on 29 Nov below) but I was not expecting such a strong upside breakout ——————————————————————————————————————————————————————– 29 Nov… Read More »
Straits times index outlook (STI Index) till Nov 2015 to Jan 2017 20 Dec 2015 STI still on track to hit 2910-2940 as posted earlier on 15 Dec 2015. Meanwhile keep in mind that this is a minor upward move. The main trend is still down, and is expected to go down all the way… Read More »
EURUSD currently at support of 1.112. It made a 2 legged correction to 1.112 support + a strong pin bar on the 4H, more or less confirming that 1.112 will hold as support. Should rally to 1.21 on Monday.