Followers
0
Following
0
Blog Posts
0
Threads
1,135
Blogs
Threads
Portfolio
Follower
Following
2017-06-20 16:43 | Report Abuse
Big one is buying in big quantity of shares.
2017-06-09 11:57 | Report Abuse
Psiptek nta 0.59. Undervalued at 0.165. Earn profit every year and non pn17.
2017-06-09 11:55 | Report Abuse
Psiptek nta is 0.59. Share price at 0.165. Eat profit every year plus non pn17.
2017-06-09 11:45 | Report Abuse
Home
BNM reserves on uptrend, ringgit stabilises
Share this storyFacebookTwitterGoogle PlusWhatsapp
(File pix) The central bank’s foreign reserves have resumed an uptrend as foreign investors turned positive on Malaysia says UOB Bank.
By RUPA DAMODARAN - June 8, 2017 @ 4:36pm
KUALA LUMPUR: The central bank’s foreign reserves have resumed an uptrend as foreign investors turned positive on Malaysia says UOB Bank.
The ringgit has also stabilised and this helped to reaffirm the macro stability, commented economist Julia Goh.
“Malaysia’s foreign reserve in Bank Negara Malaysia is a barometer of confidence as it reflects the country’s war chest to defend against external shocks.”
Foreign reserves rose US$1.9 billion to US$98.0 billion as at end-May, marking the highest level of reserves since mid-November 2016.
Sentiment on the currency also turned positive after BNM’s slew of measures, namely latest liberalisation of bond and foreign exchange hedging measures, favourable domestic macro conditions and improved earnings, and softer US dollar outlook.
“Malaysia remains compelling amid expectations of further ringgit gains and relatively attractive yields.”
She said there were earlier concerns that the central bank’s net FX short position has widened from US$2.8 billion in October last year to US$19.1 billion as at April this year.
BNM’s dollar borrowings via FX swaps is not new as they have been used since 2003 as one of the several tools to manage domestic liquidity, she explained.
“It is a widely used instrument among central banks with some having up to 50 per cent of their reserves in FX swaps.”
BNM currently has less than 20 per cent of reserves in FX swaps.
“We think the pace at which BNM will unwind the FX swap position will depend on capital flows and net conversion of trade flows.”
Foreigners bought RM10.1 billion worth of bonds in May after the RM62.7 billion worth of bonds sold by foreigners between November 2016 and March 2017.
Foreigners bought mostly Malaysian Government Securities (May: additional RM8.9billion), Government Investment Issues (May: RM0.1 billion), BNM bills (May: RM1.1 billion) and private debt securities (May: RM0.1 billion).
In May, foreigners sold RM.2 billion of Treasury bills in May.
In terms of foreign ownership, she said foreign holdings of MGS reached RM150.5 billion or 41.8 per cent of total in May from a 51.9 per cent peak in October.
Foreign holdings of government bonds (MGS & GII) rose to RM170.7 billion or 27.5 per cent of total in May.
Foreigners also bought RM2.0 billion worth of equities in May, sustaining five straight months of foreign buying of domestic equities since January.
Between January and May, foreigners bought cumulative RM10.3 billion worth of equities.
As to the future trend, she said it would depend on global risk appetite and how foreigners perceive the risk-reward for Malaysia.
“Also bearing in mind speculation that general elections could be around the corner and sizeable government bonds maturing particularly between August and November,” she added.
“In any case, we continue to see strong domestic institutional support for government securities with
the Employees Provident Fund (EPF) holdings of Federal government securities rising RM7.8 billion in the first quarter, a move which has cushioned the foreign selloffs.
The improved export outlook and commodity earnings recovery will help buffer the current account surplus.
The Institute of International Finance estimates non-resident inflows to Asia’s key markets (India, Indonesia, Korea, Malaysia, Philippines and Thailand) surge to US$200 billion this year and next from around US$100 billion in 2016.
2017-06-09 11:44 | Report Abuse
KUALA LUMPUR: The central bank’s foreign reserves have resumed an uptrend as foreign investors turned positive on Malaysia says UOB Bank.
The ringgit has also stabilised and this helped to reaffirm the macro stability, commented economist Julia Goh.
“Malaysia’s foreign reserve in Bank Negara Malaysia is a barometer of confidence as it reflects the country’s war chest to defend against external shocks.”
Foreign reserves rose US$1.9 billion to US$98.0 billion as at end-May, marking the highest level of reserves since mid-November 2016.
Sentiment on the currency also turned positive after BNM’s slew of measures, namely latest liberalisation of bond and foreign exchange hedging measures, favourable domestic macro conditions and improved earnings, and softer US dollar outlook.
“Malaysia remains compelling amid expectations of further ringgit gains and relatively attractive yields.”
She said there were earlier concerns that the central bank’s net FX short position has widened from US$2.8 billion in October last year to US$19.1 billion as at April this year.
BNM’s dollar borrowings via FX swaps is not new as they have been used since 2003 as one of the several tools to manage domestic liquidity, she explained.
“It is a widely used instrument among central banks with some having up to 50 per cent of their reserves in FX swaps.”
BNM currently has less than 20 per cent of reserves in FX swaps.
2017-06-09 11:25 | Report Abuse
“In any case, we continue to see strong domestic institutional support for government securities with
the Employees Provident Fund (EPF) holdings of Federal government securities rising RM7.8 billion in the first quarter, a move which has cushioned the foreign selloffs.
The improved export outlook and commodity earnings recovery will help buffer the current account surplus.
The Institute of International Finance estimates non-resident inflows to Asia’s key markets (India, Indonesia, Korea, Malaysia, Philippines and Thailand) surge to US$200 billion this year and next from around US$100 billion in 2016.
2017-06-09 11:25 | Report Abuse
“In any case, we continue to see strong domestic institutional support for government securities with
the Employees Provident Fund (EPF) holdings of Federal government securities rising RM7.8 billion in the first quarter, a move which has cushioned the foreign selloffs.
The improved export outlook and commodity earnings recovery will help buffer the current account surplus.
The Institute of International Finance estimates non-resident inflows to Asia’s key markets (India, Indonesia, Korea, Malaysia, Philippines and Thailand) surge to US$200 billion this year and next from around US$100 billion in 2016.
2017-06-09 11:24 | Report Abuse
KUALA LUMPUR: The central bank’s foreign reserves have resumed an uptrend as foreign investors turned positive on Malaysia says UOB Bank.
The ringgit has also stabilised and this helped to reaffirm the macro stability, commented economist Julia Goh.
“Malaysia’s foreign reserve in Bank Negara Malaysia is a barometer of confidence as it reflects the country’s war chest to defend against external shocks.”
Foreign reserves rose US$1.9 billion to US$98.0 billion as at end-May, marking the highest level of reserves since mid-November 2016.
Sentiment on the currency also turned positive after BNM’s slew of measures, namely latest liberalisation of bond and foreign exchange hedging measures, favourable domestic macro conditions and improved earnings, and softer US dollar outlook.
“Malaysia remains compelling amid expectations of further ringgit gains and relatively attractive yields.”
She said there were earlier concerns that the central bank’s net FX short position has widened from US$2.8 billion in October last year to US$19.1 billion as at April this year.
BNM’s dollar borrowings via FX swaps is not new as they have been used since 2003 as one of the several tools to manage domestic liquidity, she explained.
“It is a widely used instrument among central banks with some having up to 50 per cent of their reserves in FX swaps.”
BNM currently has less than 20 per cent of reserves in FX swaps.
2017-06-09 11:23 | Report Abuse
KUALA LUMPUR: The central bank’s foreign reserves have resumed an uptrend as foreign investors turned positive on Malaysia says UOB Bank.
The ringgit has also stabilised and this helped to reaffirm the macro stability, commented economist Julia Goh.
“Malaysia’s foreign reserve in Bank Negara Malaysia is a barometer of confidence as it reflects the country’s war chest to defend against external shocks.”
Foreign reserves rose US$1.9 billion to US$98.0 billion as at end-May, marking the highest level of reserves since mid-November 2016.
Sentiment on the currency also turned positive after BNM’s slew of measures, namely latest liberalisation of bond and foreign exchange hedging measures, favourable domestic macro conditions and improved earnings, and softer US dollar outlook.
“Malaysia remains compelling amid expectations of further ringgit gains and relatively attractive yields.”
She said there were earlier concerns that the central bank’s net FX short position has widened from US$2.8 billion in October last year to US$19.1 billion as at April this year.
BNM’s dollar borrowings via FX swaps is not new as they have been used since 2003 as one of the several tools to manage domestic liquidity, she explained.
“It is a widely used instrument among central banks with some having up to 50 per cent of their reserves in FX swaps.”
BNM currently has less than 20 per cent of reserves in FX swaps.
2017-05-31 11:05 | Report Abuse
In term of nta 0.59 and generate profits each year, it worth to accumulate. When bullish, sell it. The most important is, it is not in pn17 list.
2017-05-31 10:59 | Report Abuse
When reach 0.25, then sell. Opportunity is waiting.
2017-05-26 08:40 | Report Abuse
Expenses down causes revenue down. The important is money and net profit.
2017-05-26 08:36 | Report Abuse
Its EPS increased from 0.17 to. 0.25cents
2017-05-26 08:32 | Report Abuse
No matter how high is the revenue increase, if no profit, it useless.
2017-05-26 08:03 | Report Abuse
Although psiptek revenue decrease, its net profit increase and also its EPS increase.
2017-04-21 17:32 | Report Abuse
Chinese Yuan Assets Held By Foreign Central Banks Up 13%
LI DONGMEI
April 21, 2017 — 16:27 HKT
Follow China Money Network on Facebook, Twitter and LinkedIn.
4
SHARES
WeiboFacebook0Twitter0Google+1LinkedIn3
Foreign central banks held a total of RMB563.5 billion (US$81.1 billion) Yuan-denominated assets by the end of last year, up 13% year-on-year, indicating increasing willingness by foreign central banks to hold Yuan assets on their balance sheets.
"We are optimistic about the rising Yuan assets held by foreign central banks. This reflects the Yuan’s formal inclusion in the SDR currency basket with the opening of China’s financial market, and the increasing willingness of overseas institutions to accept yuan-denominated products and to hold yuan assets," said Wang Chunying, spokesperson for China’s State Administration of Foreign Exchange (SAFE), during a press conference yesterday.
China is working toward achieving full RMB convertibility and make it a global reserve currency of choice before 2020. But the RMB's share of global central bank holdings is still tiny.
As of March 2015, 62.9% of global central bank reserves, or US$3.826 trillion, were in U.S. dollars. Euro reserves, worth US$1.351 trillion, represented 22.2% of the total. Japanese Yen took a 3.9% share with US$241.2 billion held by central banks, and US$116.2 billion worth of Canadian dollars were held by central banks.
RMB still has a long way to go to become a major reserve currency. With uncertain global economic outlook and economic headwinds China is facing at home, analysts have warned that the country may have to push back its objective to a later date.
Of the RMB563.5 billion Yuan assets held by foreign central banks, 92% are debt securities, with equities and investment funds making up 7.4%, according to SAFE data.
Foreign central banks hold Yuan-denominated bonds, particularly treasury bonds, reflecting foreign investors' long term confidence in China's economy and financial system, Wang said during the press conference.
The Yuan has become increasingly prominent in cross-border capital flows in recent years. It made up 4% of global foreign exchange trading last year, and 1.9% of global payments in February, according to official data.
2017-04-21 17:31 | Report Abuse
Chinese Yuan Assets Held By Foreign Central Banks Up 13%
LI DONGMEI
April 21, 2017 — 16:27 HKT
Follow China Money Network on Facebook, Twitter and LinkedIn.
4
SHARES
WeiboFacebook0Twitter0Google+1LinkedIn3
Foreign central banks held a total of RMB563.5 billion (US$81.1 billion) Yuan-denominated assets by the end of last year, up 13% year-on-year, indicating increasing willingness by foreign central banks to hold Yuan assets on their balance sheets.
"We are optimistic about the rising Yuan assets held by foreign central banks. This reflects the Yuan’s formal inclusion in the SDR currency basket with the opening of China’s financial market, and the increasing willingness of overseas institutions to accept yuan-denominated products and to hold yuan assets," said Wang Chunying, spokesperson for China’s State Administration of Foreign Exchange (SAFE), during a press conference yesterday.
China is working toward achieving full RMB convertibility and make it a global reserve currency of choice before 2020. But the RMB's share of global central bank holdings is still tiny.
As of March 2015, 62.9% of global central bank reserves, or US$3.826 trillion, were in U.S. dollars. Euro reserves, worth US$1.351 trillion, represented 22.2% of the total. Japanese Yen took a 3.9% share with US$241.2 billion held by central banks, and US$116.2 billion worth of Canadian dollars were held by central banks.
RMB still has a long way to go to become a major reserve currency. With uncertain global economic outlook and economic headwinds China is facing at home, analysts have warned that the country may have to push back its objective to a later date.
Of the RMB563.5 billion Yuan assets held by foreign central banks, 92% are debt securities, with equities and investment funds making up 7.4%, according to SAFE data.
Foreign central banks hold Yuan-denominated bonds, particularly treasury bonds, reflecting foreign investors' long term confidence in China's economy and financial system, Wang said during the press conference.
The Yuan has become increasingly prominent in cross-border capital flows in recent years. It made up 4% of global foreign exchange trading last year, and 1.9% of global payments in February, according to official data.
2017-04-20 12:31 | Report Abuse
North Korea shows missiles blowing up US in video
APRIL 20, 201710:21AM
VideoImage
North Korea video simulation shows attack on U.S.
Ads by Kiosked
Reuters
Share on FacebookShare on TwitterShare on Google+Share on RedditEmail a friend
THE screen shows missiles devastating the United States. The crowd cheers.
This isn’t the latest big-screen blockbuster but a concerning simulation — part of North Korea’s celebration of the birthday of its founding father, and its military might.
North Korea put on the musical show to mark the birthday of the late Kim Il Sung, which featured the mock video of weapons destroying its enemy nation as the grand finale.
The show drew applause from the audience and smiles from the rogue nation’s leader Kim Jong-un.
The clip, filmed during a choral performance attended by the leader after a huge military parade in Pyongyang, which also marked the 105th birthday anniversary of Kim Il Sung.
A North Korean video shows the US flag in flames, over rows of white crosses.
A North Korean video shows the US flag in flames, over rows of white crosses.Source:Supplied
Ads by Kiosked
The singing was followed by footage of its test-firing of a missile in February which, in the video, was joined by other missiles shooting into sky, passing over the Pacific and exploding in giant balls of flame in the United States. The video ended with a picture of the American flag burning overlapping row after row of white crosses in a cemetery.
“When the performance was over, all the performers and participants in the military parade broke into enthusiastic cheers of “hooray!”, state run KCNA news agency said.
Kim Jong Un was about North Korea created a video showing the US being devastated by its missiles as part of its founding leader's birthday celebrations. Picture: KCNA news agency/Reuters
Kim Jong Un was about North Korea created a video showing the US being devastated by its missiles as part of its founding leader's birthday celebrations. Picture: KCNA news agency/ReutersSource:Supplied
State TV footage showed leader Kim smiling and waving in return.
“The Dear Supreme Leader waved back to them and congratulated the artistes on their successful performance,” KCNA said.
North Korean officials said in February that it had successfully tested a new type of medium- to long-range ballistic missile, the Pukguksong-2, propelled by a solid fuel engine.
During Saturday’s military parade it displayed what appeared to be new intercontinental ballistic missiles. And a day later it conducted a failed missile test, which drew international condemnation.
The video showing followed a military parade marking the 105th anniversary of the birth of late North Korean leader Kim Il-Sung in Pyongyang. Picture: Sebastien Berger/AFP Photo
The video showing followed a military parade marking the 105th anniversary of the birth of late North Korean leader Kim Il-Sung in Pyongyang. Picture: Sebastien Berger/AFP PhotoSource:AFP
North Korea regularly threatens to destroy the United States and amid heightened tension on the Korean peninsula, it has escalated a war of words, warning of nuclear war if Washington takes military action against it. US Vice President Mike Pence, on a trip to Asia, has repeatedly warned that the “era of strategic patience” with North Korea is over and on Wednesday said it would meet any attack with an “overwhelming response”.
featured video
2017-04-20 12:07 | Report Abuse
Psiptek is a profitable and non-pn17. Net total assets is 0.59. For more info, https://klse.i3investor.com/blogs/stockalliance/120744.jsp
2017-04-20 11:56 | Report Abuse
Psiptek now at 0.19. Nta is 0.59. Very cheap.
2017-04-20 11:18 | Report Abuse
Psiptek is now 0.19. Net total asset is 0.59. Profitable and non-pn17.
2017-04-20 11:10 | Report Abuse
Psiptek now at 0.19. Net total assets is 0.59. Profitable and non-pn17.
2017-04-20 11:07 | Report Abuse
Psiptek at 0.195. Nta at 0.59. Generate profit and non-pn17.
2017-04-19 15:28 | Report Abuse
More info on ratio analysis of this company,http://markets.ft.com/research/Markets/Tearsheets/Financials?s=PSIPTEK:KLS
2017-04-19 10:24 | Report Abuse
FxWirePro:Sell US Dollar Index below 100
Tue, Apr 18, 2017 12:08 PMIncrease text sizeDecrease text size
0 Comments
Major support – 98.86 (61.8% retracement of 95.89 and 103.82).
Major resistance – 101.34 (50% retracement of 102.25 and 98.86).
DXY has shown a mild jump till 100.61 and started to decline from that level. The index broken major support 100 and declined till 99.96 at the time of writing. It is currently trading around 100.
On the lower side, any break below 100 confirms minor weakness, a decline till 99.25/98.85 in the short term.
The near term resistance is around 100.70 (55- day EMA) and any break above will take the index till 101.34/101.97/102.25.
It is good to sell on rallies around 100.05-100.10 with SL around 100.60 for the TP of 99.25/98.86
Hey guest, welcome to EconoTimes! Sign up and become a member
2017-04-18 18:25 | Report Abuse
BUSINESS
VALUE OF U.S. DOLLAR DOWN AND GOLD PRICES RISE AS NORTH KOREA TENSIONS MOUNT
BY REUTERS ON 4/17/17 AT 11:08 AM
Mike Pence On North Korea: 'The United States Has Run Out Of Patience'
BUSINESSMARKETSNORTH KOREACHINA
Geopolitical tensions over North Korea pressured the dollar against the yen and lifted gold prices on Monday, while U.S. stocks edged higher after three straight days of losses.
North Korea made a failed missile test launch on Sunday, adding to regional tensions that have escalated over the past weeks as U.S. President Donald Trump has taken a tough rhetorical line with Pyongyang.
“We are seeing once again a little bit of a flight to safety as a result of the news over the weekend of North Korea's attempted missile test. That's resulting in a little bit of a weakness in the U.S. dollar,” said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.
North Korea soldier with camera
A North Korean soldier takes photographs as Vice President Mike Pence (not pictured) arrives at the truce village of Panmunjom, South Korea on April 17. North Korea attempted to test a missile on Sunday, but it exploded shortly after launch.
KIM HONG-JI/REUTERS
The dollar fell to a five-month low against the safe-haven yen, while the U.S. dollar index was down 0.4 percent. Gold gained 0.7 percent to hit a five-month high.
Most major European markets were closed for Easter Monday, while Wall Street reopened after being closed for the Good Friday holiday.
Worries over the upcoming French elections as well as softer U.S. economic data added to the bearish sentiment. Data on Friday showed U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over a year.
Data showing China's economy grew faster than expected in the first quarter helped offset the soft U.S. figures.
World stocks as measured by the MSCI world equity index rose 0.3 percent.
U.S. stocks regained some ground after the recent global risks had weighed on the market last week.
The Dow Jones Industrial Average was up 67.03 points, or 0.33 percent, to 20,520.28, the S&P 500 gained 5.64 points, or 0.24 percent, to 2,334.59 and the Nasdaq Composite added 15.55 points, or 0.27 percent, to 5,820.70.
The United States, its allies and China are working together on a range of responses to North Korea's latest failed ballistic missile test, Trump's national security adviser said on Sunday, citing what he called an international consensus to act.
That dwarfed any relief for market players after the U.S. Treasury department did not name China as a currency manipulator, avoiding an all-out confrontation on currencies between the world's two largest economies.
2017-04-18 16:37 | Report Abuse
NEWS | Apr 17, 15:08 GMT
USD/CHF nears parity as US Dollar Index moves below 100
By Eren Sengezer
As the US Dollar Index continues to move lower in the NA session, the USD/CHF pair accelerates its bearish momentum towards the significant parity level. At the moment, the pair is down 0.35% at 1.0015.
The bearish momentum seems to be fueled mainly by the increasing selling pressure around the greenback. Today's macro data from the U.S. came in below expectations but the traders, coming back from a long weekend, might have been getting rid of their long USD positions because of Friday's data. On Friday, the consumer inflation in the United States recorded a drop after rising for thirteen straight months.
The weak inflation seems to have taken a toll on June rate hike expectations. The CME Group FedWatch shows the probability of a June rate hike now at 46.5%, which has been moving above 60% last week. The USD Dollar Index is down 0.57% on the day at 99.92.
Technical outlook
With a break below 1.0000 (psychological level), the pair could extend the fall towards 0.9970 (200-DMA) and 0.9920 (Mar. 21 low). On the upside, resistances are aligned at 1.0060 (100-DMA), 1.0100 (psychological level/Apr. 10 high) and 1.0160 (Mar. 9 high).
2017-04-18 16:36 | Report Abuse
NEWS | Apr 17, 15:08 GMT
USD/CHF nears parity as US Dollar Index moves below 100
By Eren Sengezer
As the US Dollar Index continues to move lower in the NA session, the USD/CHF pair accelerates its bearish momentum towards the significant parity level. At the moment, the pair is down 0.35% at 1.0015.
The bearish momentum seems to be fueled mainly by the increasing selling pressure around the greenback. Today's macro data from the U.S. came in below expectations but the traders, coming back from a long weekend, might have been getting rid of their long USD positions because of Friday's data. On Friday, the consumer inflation in the United States recorded a drop after rising for thirteen straight months.
The weak inflation seems to have taken a toll on June rate hike expectations. The CME Group FedWatch shows the probability of a June rate hike now at 46.5%, which has been moving above 60% last week. The USD Dollar Index is down 0.57% on the day at 99.92.
Technical outlook
With a break below 1.0000 (psychological level), the pair could extend the fall towards 0.9970 (200-DMA) and 0.9920 (Mar. 21 low). On the upside, resistances are aligned at 1.0060 (100-DMA), 1.0100 (psychological level/Apr. 10 high) and 1.0160 (Mar. 9 high).
2017-04-18 16:35 | Report Abuse
NEWS | Apr 17, 15:08 GMT
USD/CHF nears parity as US Dollar Index moves below 100
By Eren Sengezer
As the US Dollar Index continues to move lower in the NA session, the USD/CHF pair accelerates its bearish momentum towards the significant parity level. At the moment, the pair is down 0.35% at 1.0015.
The bearish momentum seems to be fueled mainly by the increasing selling pressure around the greenback. Today's macro data from the U.S. came in below expectations but the traders, coming back from a long weekend, might have been getting rid of their long USD positions because of Friday's data. On Friday, the consumer inflation in the United States recorded a drop after rising for thirteen straight months.
The weak inflation seems to have taken a toll on June rate hike expectations. The CME Group FedWatch shows the probability of a June rate hike now at 46.5%, which has been moving above 60% last week. The USD Dollar Index is down 0.57% on the day at 99.92.
Technical outlook
With a break below 1.0000 (psychological level), the pair could extend the fall towards 0.9970 (200-DMA) and 0.9920 (Mar. 21 low). On the upside, resistances are aligned at 1.0060 (100-DMA), 1.0100 (psychological level/Apr. 10 high) and 1.0160 (Mar. 9 high).
2017-04-18 16:33 | Report Abuse
The Dollar Run Might Be Done
Apr. 18, 2017 1:24 AM • UUP
Summary
The run of the U.S. dollar of the last few years might be about done.
The U.S. dollar benefited from indications and actions by the U.S. Federal Reserve, an improving U.S. economy and by relative weakness in the euro.
However, an important shift in the approach of the U.S. on global affairs, which are aligning it more aggressively against nuclear rivals, raise uncertainty for the U.S. and the dollar.
Recent economic data has been soft and expectations for the Fed have dipped a bit as a result.
Holders of the PowerShares DB US Dollar Bull ETF (NYSE: UUP) might consider reducing risk in the security here.
2017-04-17 21:41 | Report Abuse
US Dollar Index (DXY) Starts Off the Week with a Move to the Downside
By Tracy Morganthall, CMT -April 17, 2017 - 12:40 BST
Tweet
Share
1
+1
Stocktwits StockTwits
Share
The US Dollar Index (DXY) is lower in today’s trading, currently holding near 100.27, a decline of 0.24% from Friday’s close.
Support is at the 100.00 level, which was tested and held last Thursday. This level also represents a 50% retracement of the advance from the March low. On a drop below this retracement level, the target would become the 61.8% retracement, which comes in near the 99.80 level.
With the Stochastic, a price momentum indicator moving lower but still well above an oversold level, the current bias for DXY is to the downside.
In the US today, the NY Empire State Manufacturing Index will be released at 08:30 ET. This will be followed by the NAHB Housing Market Index for April at 10:00 ET.
Housing Starts and Building Permits will be released at 08:30 ET on Tuesday, April 18th. This will be followed by Industrial Production and Capacity Utilization at 09:15 ET.
2017-04-17 21:40 | Report Abuse
US Dollar Index (DXY) Starts Off the Week with a Move to the Downside
By Tracy Morganthall, CMT -April 17, 2017 - 12:40 BST
Tweet
Share
1
+1
Stocktwits StockTwits
Share
The US Dollar Index (DXY) is lower in today’s trading, currently holding near 100.27, a decline of 0.24% from Friday’s close.
Support is at the 100.00 level, which was tested and held last Thursday. This level also represents a 50% retracement of the advance from the March low. On a drop below this retracement level, the target would become the 61.8% retracement, which comes in near the 99.80 level.
With the Stochastic, a price momentum indicator moving lower but still well above an oversold level, the current bias for DXY is to the downside.
In the US today, the NY Empire State Manufacturing Index will be released at 08:30 ET. This will be followed by the NAHB Housing Market Index for April at 10:00 ET.
Housing Starts and Building Permits will be released at 08:30 ET on Tuesday, April 18th. This will be followed by Industrial Production and Capacity Utilization at 09:15 ET.
2017-04-17 17:02 | Report Abuse
Psiptek will goreng soon. Nta is 0.59 which is cheaper at current price 0.20.
2017-04-17 15:45 | Report Abuse
Ada orang want to pull down the price and make it cheaper to sapu and accumulate.
2017-04-17 15:42 | Report Abuse
Psiptek is cheap now. Net total asset is worth 0.59. Its market price is 0.20.
2017-04-17 15:40 | Report Abuse
Psiptek is cheap now. It's nta value is 0.59. Now at 0.20.
2017-04-17 15:26 | Report Abuse
Psiptek is moving now. The net total asset is 0.59. Now is only 0.20. Very cheap.
2017-04-17 13:02 | Report Abuse
Psiptek is ranked in hot stock list. Nta at 0.59. Current price is 0.205.https://klse.i3investor.com/blogs/stockalliance/120744.jsp
2017-04-17 12:57 | Report Abuse
NEWS | Apr 16, 22:41 GMT
Further losses in the US Dollar index seem likely in coming days - BBH
By Ivan Delgado
The analysis team at BBH provides a comprehensive review on the latest developments in the FX market, noting that the US Dollar snapped a two-week advance and shed about 0.65% last week, adding that further losses in DXY seem likely in the coming days.
Key Quotes
Further losses in the US Dollar index seem likely in the coming days, as the technical condition deteriorated. Initial support is seen in the 99.80-100.00 area, and a break, which seems probable, given the position of the technical indicators, would target the 99.00 area, where the recent leg up began and housed the 200-day moving average. The five-day moving average is looks poised to fall back below the 20-day moving average next week. A move above the downtrend line connecting the January and March highs, and approached last week would lift the tone. It is found near 101.40 at the start of the new week, falling about two ticks a day.
The euro was among the poorest performers among the major currencies last week, gaining 0.25%. However, there was little enthusiasm to sell the euro below $1.06, where the trend line drawn off the January and March lows comes it. It is not traded above $1.07 yet in April. The Slow Stochastics have turned higher, and the MACDs also look poised to turn in the coming days. The $1.0680-$1.0700 offer initial resistance, and to be sure, cautiousness may prevail ahead of the French presidential election. Above there, potential extends toward $1.0740, and possibly $1.0780. The latter may be a bit of a stretch, but reachable if the deadlocked French polls shift back to Macron or if US yields fall further after the soft US CPI and headline retail sales before the weekend.
The Japanese yen was the strongest currency in the world last week, gaining nearly 2.3% against the dollar. It was yen's biggest weekly gain since last July. We argue it is an exaggeration to think of this as a safe haven characteristic of the yen. Even though foreign investors were not buyers of roughly JPY1 trillion of stocks and bonds in the week ending April 7, it was less than the previous week. And Japanese investors sold more than twice as many foreign bonds (short-covering). In the 14 weeks so far this year (through April 7), Japanese investors bought foreign bonds in five weeks.
We suggest that the real safe haven was US Treasuries, where despite the holiday-shortened week, the 10-year yield tumbled 14 bp, driving yields almost 2.21%. It is the lowest yield in nearly five months. The drop in US yields, we suspect, spurred buying back of previously sold yen and discourages fresh portfolio flows out of Japan. Given Japan's growing current account surplus, anything that detracts from capital outflows spurs yen appreciation.
The dollar finished below the 200-day moving average (~JPY108.80) against the yen for the first time since the US election, which also corresponds to the lower Bollinger Band. The 61.8% retracement of the dollar's rally since the election is found close to JPY107.85. Previous support at JPY110 now serves as resistance.
The British pound was the second strongest currency among the majors. It rose about 1.25% against the greenback, and the five-day moving average moved above the 20-day. The technical indicators are not generating very clear signals, but we see initial potential toward $1.2600-$1.2620. Above there lies the year's high set in early February a little above $1.2700. We suspect sterling may begin the week on firm footing, but anticipate a softer close, The BRC data warns of weakness in retail sales, which will be reported at the end of the week. It is likely to be the fourth decline in the past five months.
The US dollar was stymied by CAD1.3340 in the last three sessions. It corresponds to the 50% retracement of the decline from the April 4 high near CAD1.3455. In the last seven sessions, the US dollar has gained in only one. The 61.8% retracement is near CAD1.3365. The greenback held the 200-day moving average (~CAD1.3225) at the lows. The US two-year premium over Canada has narrowed by almost ten basis points since March 28, but it is holding a trend line drawn from last October and this past February's lows. Our correlation work also shows that the Canadian dollar has become more sensitive to the price of oil.
Stock: [TXCD]: TXCD BERHAD
2017-06-20 16:45 | Report Abuse
Will stay around the figure before fry the share price up.