Tag Archives: Technical Analysis

KUALA LUMPUR (March 13): The FBM KLCI rose 2.81 points or 0.2% after volatile trade as global investors anticipated US inflation numbers later today. Investors…

            The RBA kept Australian rates at 1.5%.  The bank’s policy announcement contained a standard overview of the Australian economy.  Let’s start with any central banks first focus: inflation:

            At the political level, the “negotiations” between the UK and the EU over Brexit continue to show two parties talking past each other.  A week ago Friday, British prime minister May give a speech where she attempted to argue that the UK should still be able to maintain favorable […]

            US economic news continues to be very strong.  The Fed observed as much in their latest Beige Book, which reported on an economy clearly in the middle of a broad-based expansion. The latest employment report was amazingly strong.  And the latest ISM sentiment data paint a picture of an […]

The dollar has traded steady-to-softer in early-week trading so far. USD-JPY dipped below Friday’s low in making 106.35 before rebounding above 106.50. The market was rocked a little by demands for the resignation of Japan’s finance minister, Aso, who subsequently said that he would stand his ground.

February data included a very strong jobs report, with the only weak spot remaining tepid wage growth. ISM services was also strongly positive. January factory orders declined, and wholesale sales declined, while inventories rose, meaning the inventory to sales ratio also rose, a negative.

The euro drifted lower into the European PM session, trading at four-day lows versus the dollar and sterling, one-week lows against the Australian and Canadian dollars, and reversing some of the gains seen versus the yen the during the Tokyo session. EUR-USD clocked a low at 1.2290, extending losses that were seen late yesterday as […]

OVERVIEW Non-farm payrolls surge at its fastest pace in 1.5 years. UK industrial output rises at a solid pace in January. German industrial production falls for a second consecutive month. Canadian job growth missed expectations, and wage growth decelerated. HIGHLIGHT The US employment report showed the economy added 313,000 jobs last month, the largest gain […]

The dollar rallied marginally after the better than expected February employment report, though gains didn’t last. The DXY briefly crossed above its 50-day moving average at 90.25, topping at seven-session highs of 90.35, though quickly gave the level back, later bottoming at 90.00. After basing at 1.2273, EUR-USD rallied to 1.2334 highs. USD-JPY slipped from […]

KUALA LUMPUR (March 9): The FBM KLCI went up 4.3 points or 0.23% to end the week at 1,843.92 points today, in tandem with the…

KUALA LUMPUR (March 8): Based on corporate announcements and newsflow today, stocks in focus on Monday (March 12) could include UMW Holdings Bhd, Keck Seng…

(March 10): Spring has sprung for tech stocks. The Nasdaq Composite Index rallied to a fresh record Friday, capping an 11 percent gain since its Feb….