Tag Archives: Technical Analysis

KUALA LUMPUR (April 9): The FBM KLCI increased 12.7 points or 0.7% as Asian shares rose with US equity futures. World shares rose after US…

KUALA LUMPUR (April 9): Gamuda Bhd’s indirect 40%-owned associate Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) has filed a lawsuit against Syarikat Bekalan Air…

KUALA LUMPUR: Based on corporate announcements and newsflow today, stocks that will be in focus on Tuesday (April 10) may include: Serba Dinamik Holdings Bhd,…

            ISM released their latest manufacturing and non-manufacturing reports this week.  The manufacturing number was down 1.5 but is still a very heathy 59.3.  New orders were also off, but they are also very strong (61.9).  However, the real story in this report were the anecdotal comments, which contained negative information about the tariffs:

            This week, there were two key speeches by Federal Reserve governors.  The most important was from new Fed President Jerome Powell.  I have previously described him as a technocrat; his latest speech further solidifies that description.  Like most Fed governors, he believes the labor market is the single-best indicator of the economy’s health.  He […]

EUR/USD             First a bit of history:  

March data started out with a weakly positive jobs gain and a flat unemployment rate. Wages improved overall, but did not gain YoY for non-managerial workers. Motor vehicle sales improved. Both ISM manufacturing and services indexes decelerated but remained strongly positive.

OVERVIEW Commodity currencies are trading lower as the US Administration considers new $100 billion tariffs on Chinese imports. US non-farm payroll data is expected to show another solid growth. USD/DXY Index currently holding to close the week on a high for the second successive week. HIGHLIGHT

KUALA LUMPUR (April 6): Based on corporate announcements and newsflow today, stocks that will be in focus on Monday (April 9) may include: TA Enterprise…

(April 7): A cyberattack that U.S. natural gas pipeline owners weren’t required to report has lawmakers taking a closer look at how the industry is…

(April 7):The #DeleteFacebook craze doesn’t appear to be going away if you look through the scores of celebrities and notable users whose profiles have vanished. Christopher…

(April 7): Facebook Inc., aiming to seize the high ground before Chief Executive Officer Mark Zuckerberg faces Congress next week, announced changes to its advertising…