Wall St closed 0.7% higher, on hope of a coordinated effort by central banks to support the economy. And over the weekend, news of Spain receiving a huge aid of up to 100bln euros should calm the market. Wholesale inventories rose 0.6%.
Dow of 12,554 is heading higher to test a resistance at 12,900. RSI of 49, is on a positive divergence, indicating a technical rebound.
DOLLAR INDEX is lower at 81.8. Support is at 80.9.
Crude oil is lower at USD84.1. Support is at 80.0.
Dollar yen is higher at 79.6 yen. Upside is at 80.6.
Euro/dollar is higher at 1.264. Resistance is at 1.283.
Gold is higher at USD1602. Upside is at 1740.
Shanghai closed lower at 2,281.
Singapore STI closed lower at 2,741.
Ringgit is firmer at 3.168. Downside is at 3.238.
S'pore ringgit is higher at 2.490. Upside is at 2.520.
Malaysian market closed lower 1570. On the Daily chart, a technical rebound to test 1591 is likely. RSI of 52, is neutral. Today's range is between 1575 and 1585.
CPO Aug futures is lower at RM2940. Upside is at 3288.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....