In rare feud, Singapore PM Lee under attack by his siblings
The younger siblings of Singaporean Prime Minister Lee Hsien Loong have accused him of abusing power in a public statement.
The PM, currently on leave, has denied the allegations.
Nyshka Chandran | @nyshkac
4 Hours Ago
CNBC.com
73
SHARES
A rare feud between Singaporean Prime Minister Lee Hsien Loong and his siblings has publicized the deep divisions weighing on the island-nation's first family.

In an explosive statement on Wednesday, Lee Wei Ling and Lee Hsien Yang — the PM's younger sister and brother, respectively — accused their elder brother of abusing power and exploiting their father's legacy for political gain.

The city-state's first PM and father to all three siblings, Lee Kuan Yew (LKY) passed away in March 2015.

Prime Minister Lee Hsien Loong of Singapore
Getty Images
Prime Minister Lee Hsien Loong of Singapore
"Since the passing of LKY, we have felt threatened by Hsien Loong's misuse of his position and influence over the Singapore government and its agencies to drive his personal agenda," Wei Ling and Hsien Yang said.

Wei Ling has long been a vocal critic of PM Lee — last year, she denounced him for using LKY's one-year death anniversary as a political tool in a series of Facebook posts — but Hsien Yang, chairman of the country's Civil Aviation Authority, has steered clear of public family spats until now.

In their statement, widely carried on social media and local newspaper the Straits Times, the siblings expressed fear that state organs would be used against them. Hsien Yang said he was leaving Singapore, citing the PM as the sole reason for his departure.

"If Hsien Loong is prepared to act thus against us, both contributing members of Singapore's establishment, to advance his personal agenda, we worry for Singapore."

Instead of demolishing LKY's house as the former leader desired, the PM has sought to make the residence his personal home — a move that would enhance his political capital, the siblings continued.

The PM and his wife Ho Ching — CEO of Temasek Holdings, Singapore's $196 billion sovereign wealth fund — also harbored political ambitions for their son Li Hongyi, the statement said.

19% Singapore workers fear losing jobs to automation: Survey

In rare feud, Singapore PM Lee under attack by his siblings
The younger siblings of Singaporean Prime Minister Lee Hsien Loong have accused him of abusing power in a public statement.
The PM, currently on leave, has denied the allegations.
Nyshka Chandran | @nyshkac
4 Hours Ago
CNBC.com
73
SHARES
A rare feud between Singaporean Prime Minister Lee Hsien Loong and his siblings has publicized the deep divisions weighing on the island-nation's first family.

In an explosive statement on Wednesday, Lee Wei Ling and Lee Hsien Yang — the PM's younger sister and brother, respectively — accused their elder brother of abusing power and exploiting their father's legacy for political gain.

The city-state's first PM and father to all three siblings, Lee Kuan Yew (LKY) passed away in March 2015.

Prime Minister Lee Hsien Loong of Singapore
Getty Images
Prime Minister Lee Hsien Loong of Singapore
"Since the passing of LKY, we have felt threatened by Hsien Loong's misuse of his position and influence over the Singapore government and its agencies to drive his personal agenda," Wei Ling and Hsien Yang said.

Wei Ling has long been a vocal critic of PM Lee — last year, she denounced him for using LKY's one-year death anniversary as a political tool in a series of Facebook posts — but Hsien Yang, chairman of the country's Civil Aviation Authority, has steered clear of public family spats until now.

In their statement, widely carried on social media and local newspaper the Straits Times, the siblings expressed fear that state organs would be used against them. Hsien Yang said he was leaving Singapore, citing the PM as the sole reason for his departure.

"If Hsien Loong is prepared to act thus against us, both contributing members of Singapore's establishment, to advance his personal agenda, we worry for Singapore."

Instead of demolishing LKY's house as the former leader desired, the PM has sought to make the residence his personal home — a move that would enhance his political capital, the siblings continued.

The PM and his wife Ho Ching — CEO of Temasek Holdings, Singapore's $196 billion sovereign wealth fund — also harbored political ambitions for their son Li Hongyi, the statement said.

19% Singapore workers fear losing jobs to automation: Survey

In rare feud, Singapore PM Lee under attack by his siblings
The younger siblings of Singaporean Prime Minister Lee Hsien Loong have accused him of abusing power in a public statement.
The PM, currently on leave, has denied the allegations.
Nyshka Chandran | @nyshkac
4 Hours Ago
CNBC.com
73
SHARES
A rare feud between Singaporean Prime Minister Lee Hsien Loong and his siblings has publicized the deep divisions weighing on the island-nation's first family.

In an explosive statement on Wednesday, Lee Wei Ling and Lee Hsien Yang — the PM's younger sister and brother, respectively — accused their elder brother of abusing power and exploiting their father's legacy for political gain.

The city-state's first PM and father to all three siblings, Lee Kuan Yew (LKY) passed away in March 2015.

Prime Minister Lee Hsien Loong of Singapore
Getty Images
Prime Minister Lee Hsien Loong of Singapore
"Since the passing of LKY, we have felt threatened by Hsien Loong's misuse of his position and influence over the Singapore government and its agencies to drive his personal agenda," Wei Ling and Hsien Yang said.

Wei Ling has long been a vocal critic of PM Lee — last year, she denounced him for using LKY's one-year death anniversary as a political tool in a series of Facebook posts — but Hsien Yang, chairman of the country's Civil Aviation Authority, has steered clear of public family spats until now.

In their statement, widely carried on social media and local newspaper the Straits Times, the siblings expressed fear that state organs would be used against them. Hsien Yang said he was leaving Singapore, citing the PM as the sole reason for his departure.

"If Hsien Loong is prepared to act thus against us, both contributing members of Singapore's establishment, to advance his personal agenda, we worry for Singapore."

Instead of demolishing LKY's house as the former leader desired, the PM has sought to make the residence his personal home — a move that would enhance his political capital, the siblings continued.

The PM and his wife Ho Ching — CEO of Temasek Holdings, Singapore's $196 billion sovereign wealth fund — also harbored political ambitions for their son Li Hongyi, the statement said.

In rare feud, Singapore PM Lee under attack by his siblings
The younger siblings of Singaporean Prime Minister Lee Hsien Loong have accused him of abusing power in a public statement.
The PM, currently on leave, has denied the allegations.
Nyshka Chandran | @nyshkac
4 Hours Ago
CNBC.com
62
SHARES
A rare feud between Singaporean Prime Minister Lee Hsien Loong and his siblings has publicized the deep divisions weighing on the island-nation's first family.

In an explosive statement on Wednesday, Lee Wei Ling and Lee Hsien Yang — the PM's younger sister and brother, respectively — accused their elder brother of abusing power and exploiting their father's legacy for political gain.

The city-state's first PM and father to all three siblings, Lee Kuan Yew (LKY) passed away in March 2015.

Prime Minister Lee Hsien Loong of Singapore
Getty Images
Prime Minister Lee Hsien Loong of Singapore
"Since the passing of LKY, we have felt threatened by Hsien Loong's misuse of his position and influence over the Singapore government and its agencies to drive his personal agenda," Wei Ling and Hsien Yang said.

Wei Ling has long been a vocal critic of PM Lee — last year, she denounced him for using LKY's one-year death anniversary as a political tool in a series of Facebook posts — but Hsien Yang, chairman of the country's Civil Aviation Authority, has steered clear of public family spats until now.

In their statement, widely carried on social media and local newspaper the Straits Times, the siblings expressed fear that state organs would be used against them. Hsien Yang said he was leaving Singapore, citing the PM as the sole reason for his departure.

"If Hsien Loong is prepared to act thus against us, both contributing members of Singapore's establishment, to advance his personal agenda, we worry for Singapore."

Instead of demolishing LKY's house as the former leader desired, the PM has sought to make the residence his personal home — a move that would enhance his political capital, the siblings continued.

The PM and his wife Ho Ching — CEO of Temasek Holdings, Singapore's $196 billion sovereign wealth fund — also harbored political ambitions for their son Li Hongyi, the statement said.

FRANKFURT: The European Central Bank (ECB) said Tuesday it had exchanged part of its US dollar reserves for Chinese yuan for the first time, in a sign of the growing global importance of Beijing’s currency.

The Frankfurt institution “completed an investment equivalent to 500 million euros (RM2.4bil) of the ECB’s foreign reserves in Chinese renminbi (CNY) during the first half of 2017,” it said in a statement.

Justifying its decision, the ECB said that “the use of CNY as a global international currency has increased in recent years,” being declared a freely-usable currency by the IMF in 2015.

”The ECB’s investment also reflects the importance of China as one of the euro area’s largest trading partners,” it added.

Its purchase of the Chinese cash was paid for with “a small portion of its US dollar holdings, which remain the largest portfolio,” it added.

The ECB’s foreign reserves, held in US dollars, Japanese yen, Chinese renminbi, and International Monetary Fund Special Drawing Rights (SDRs), remained at the same overall size.

Figures released last month showed that the ECB’s official reserves stood at over 68 billion euros at the end of April, including 47.7 billion euros in foreign currencies and 18.8 billion euros in gold.

The ECB only publishes figures on its holdings of individual currencies in its annual report at the end of each year.

In December 2016, the central bank held US$46.8bil in US dollars (41.7 billion euros), and 1.1 trillion Japanese yen (8.8 billion euros). - AFP

FRANKFURT: The European Central Bank (ECB) said Tuesday it had exchanged part of its US dollar reserves for Chinese yuan for the first time, in a sign of the growing global importance of Beijing’s currency.

The Frankfurt institution “completed an investment equivalent to 500 million euros (RM2.4bil) of the ECB’s foreign reserves in Chinese renminbi (CNY) during the first half of 2017,” it said in a statement.

Justifying its decision, the ECB said that “the use of CNY as a global international currency has increased in recent years,” being declared a freely-usable currency by the IMF in 2015.

”The ECB’s investment also reflects the importance of China as one of the euro area’s largest trading partners,” it added.

Its purchase of the Chinese cash was paid for with “a small portion of its US dollar holdings, which remain the largest portfolio,” it added.

The ECB’s foreign reserves, held in US dollars, Japanese yen, Chinese renminbi, and International Monetary Fund Special Drawing Rights (SDRs), remained at the same overall size.

Figures released last month showed that the ECB’s official reserves stood at over 68 billion euros at the end of April, including 47.7 billion euros in foreign currencies and 18.8 billion euros in gold.

The ECB only publishes figures on its holdings of individual currencies in its annual report at the end of each year.

In December 2016, the central bank held US$46.8bil in US dollars (41.7 billion euros), and 1.1 trillion Japanese yen (8.8 billion euros). - AFP

FRANKFURT: The European Central Bank (ECB) said Tuesday it had exchanged part of its US dollar reserves for Chinese yuan for the first time, in a sign of the growing global importance of Beijing’s currency.

The Frankfurt institution “completed an investment equivalent to 500 million euros (RM2.4bil) of the ECB’s foreign reserves in Chinese renminbi (CNY) during the first half of 2017,” it said in a statement.

Justifying its decision, the ECB said that “the use of CNY as a global international currency has increased in recent years,” being declared a freely-usable currency by the IMF in 2015.

”The ECB’s investment also reflects the importance of China as one of the euro area’s largest trading partners,” it added.

Its purchase of the Chinese cash was paid for with “a small portion of its US dollar holdings, which remain the largest portfolio,” it added.

The ECB’s foreign reserves, held in US dollars, Japanese yen, Chinese renminbi, and International Monetary Fund Special Drawing Rights (SDRs), remained at the same overall size.

Figures released last month showed that the ECB’s official reserves stood at over 68 billion euros at the end of April, including 47.7 billion euros in foreign currencies and 18.8 billion euros in gold.

The ECB only publishes figures on its holdings of individual currencies in its annual report at the end of each year.

In December 2016, the central bank held US$46.8bil in US dollars (41.7 billion euros), and 1.1 trillion Japanese yen (8.8 billion euros). - AFP

FRANKFURT: The European Central Bank (ECB) said Tuesday it had exchanged part of its US dollar reserves for Chinese yuan for the first time, in a sign of the growing global importance of Beijing’s currency.

The Frankfurt institution “completed an investment equivalent to 500 million euros (RM2.4bil) of the ECB’s foreign reserves in Chinese renminbi (CNY) during the first half of 2017,” it said in a statement.

Justifying its decision, the ECB said that “the use of CNY as a global international currency has increased in recent years,” being declared a freely-usable currency by the IMF in 2015.

”The ECB’s investment also reflects the importance of China as one of the euro area’s largest trading partners,” it added.

Its purchase of the Chinese cash was paid for with “a small portion of its US dollar holdings, which remain the largest portfolio,” it added.

The ECB’s foreign reserves, held in US dollars, Japanese yen, Chinese renminbi, and International Monetary Fund Special Drawing Rights (SDRs), remained at the same overall size.

Figures released last month showed that the ECB’s official reserves stood at over 68 billion euros at the end of April, including 47.7 billion euros in foreign currencies and 18.8 billion euros in gold.

The ECB only publishes figures on its holdings of individual currencies in its annual report at the end of each year.

In December 2016, the central bank held US$46.8bil in US dollars (41.7 billion euros), and 1.1 trillion Japanese yen (8.8 billion euros). - AFP

Psiptek nta 0.59. Current price 0.165 undervalued.

Psiptek is undervalued as its nta at 0.59 while market price at 0.17. It earn profit every year and non pn17 company.

Psiptek nta worth 0.59. Share price 0.17. Generate profit and non pn17 list.

Psiptek nta at 0.59. Market price at 0.17. Earn profit and non-pn17

Psiptek nta at 0.59. Current price at 0.17. Earn profit every year with non-pn17.

Kaki kong nun lang song

Smell like pizza with seafoods

Hong Kong Dollar Currency Derailing City Stocks – Investors Panic
By Shayne Heffernan on May 25, 2017No Comment
Hong Kong Dollar Currency Derailing City Stocks – Investors Panic
0
The currency moving out of the HK$7.755 to HK$7.77 range that it spent most of 2016 within is unnerving investors.

The Federal Reserve is playing havoc with the Hong Kong dollar — and the stock market could be next.
The Hong Kong dollar is within 0.2 percent of HK$7.80 per U.S. dollar, a level that could trigger outflows from the stock market, according to Ample Capital Ltd. and Core-Pacific Yamaichi. Their theory? Traders start ditching rate-sensitive equities on concern the weakness will spur officials to start buying the currency to shore up the peg, thereby boosting borrowing costs.

Hong Kong dollar weakness is caused by the dollar’s gains on the back of tightening monetary policy and improvement in U.S. economic fundamentals, Li said. That retreat may be tempered after the Fed hikes rates again.
There’s unlikely to be a panic in equity markets
Inflows of capital from China are helping buoy liquidity in Hong Kong, which is keeping a lid on rates
Weakness could spur intervention, which buoys borrowing costs
Drop to HK$7.80 likely to trigger stock losses: Ample Capital
There’s not enough loan demand in Hong Kong to provide support for the currency
The Hong Kong dollar may weaken to HK$7.80 some time before mid-June if the interest rate differential widens to 1 percent

Hong Kong Dollar Peg Breaks, HKD Collapsing From Chinese Economic Tsunami
May. 25, 2017 2:56 PM
Summary
HKD peg has been broken from flows of money into HK.
Chinese economy pushing breaking point with exodus of funds.
Interest rates in HK and CN diverging.
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I got an email from an old trading friend who used to work out of HSBC in Hong Kong, right there in the tower on the options trading floor. He wanted to know if I had been paying attention to the latest developments: The Hong Kong dollar is getting clocked. Last January 2016, there was speculation that the peg to the USD would end. That sent the HKD downward sharply. The dollar recovered for a period but has begun collapsing again sharply over the past few sessions. More will continue. There are mounting problems in China and this is endemic of what is going on. At the same time the HKD is falling, Hong Kong government interest rates are heading lower which will serve to exasperate the problem. If the peg is ended, if the government allows the HKD to free-float, the move lower in HKD will pale in comparison.
Below is the weekly chart on HKDUSD (typically quoted as USDHKD):

I listed this chart inverted to show how HKD is responding for the visual. There are large shifts financially occurring in China right now. The Chinese government is intent on riding the non-performing loans that Chinese banks have on their books. The government has taken several steps to enact this policy. They have restricted loans to businesses and individuals for mortgages. The effects of this has been that money has been leaving the country to invest elsewhere. Hong Kong has been one of the destinations for this money.
This has strained the CNH versus USD and HKD:


I expect that CNH will continue to fall. However, I did not expect the HKD to fall. The currency has been pegged for forever. Now, with the peg falling apart, the currency has been falling. But, what is odd is the next move. Interestingly, there has been a sharp divergence between government yields in Hong Kong and China.

UOB: Singapore dollar expected to weaken against ringgit
SOURCE: Bernama
KUALA LUMPUR, 9 May 2017:
The cross rate between the Singapore dollar (SGD) versus the Malaysian ringgit (MYR) could possibly head lower and return to below the 3.0 level by year-end, says United Overseas Bank (UOB).
Based on current trend, the cross would likely pass through the 3.0 psychological level as the US dollar per ringgit (USD/MYR) is projected to hover at around 4.30 by end-December while USD/SGD may hold at 1.46.


Read more: http://www.therakyatpost.com/business/2017/05/09/uob-singapore-dollar-expected-to-weaken-against-ringgit/#ixzz4gb3RNkSu

UOB: Singapore dollar expected to weaken against ringgit
SOURCE: Bernama
KUALA LUMPUR, 9 May 2017:
The cross rate between the Singapore dollar (SGD) versus the Malaysian ringgit (MYR) could possibly head lower and return to below the 3.0 level by year-end, says United Overseas Bank (UOB).
Based on current trend, the cross would likely pass through the 3.0 psychological level as the US dollar per ringgit (USD/MYR) is projected to hover at around 4.30 by end-December while USD/SGD may hold at 1.46.
“SGD is seen as a ‘safe haven’ currency in the region, and when the risks were higher, a lot of funds came in to support the republic’s currency.
“The SGD/MYR cross is now seen as quite expensive and there could be a reversion. Based on the rates predicted for year-end, the cross could head lower,” UOB (Malaysia) Bhd economist Julia Goh said at the sidelines of a media briefing on, ‘How Global Events Will Impact Malaysia’s 2017 Growth Trajectory’ here today.

The ringgit rose against the SGD to 3.0822/0855 as at 5pm today from yesterday’s 6pm rate of 3.0856/0886.
For the past decade, the cross had been traded bias to the strength of SGD, with the ringgit weakening to as low as to 3.1726 (16 March 2017). Its best performance was recorded at 2.2178 (25 May 2007).
The republic’s central bank, the Monetary Authority of Singapore (MAS), has been using the exchange rate as its main monetary policy tool to strike a balance between inflation from overseas and economic growth.
Goh said MAS would most likely take a neutral policy stand as the republic’s core inflation was manageable, despite market expectations that the policy might be tightened.
While external risks remain present in the form of uncertainty in the US president Donald Trump’s policies and geopolitical risks, she said there were mitigating factors as Malaysia was part of a wider production base in the region which benefits from domestic derived growth.
Goh said UOB projected Malaysia’s gross domestic product (GDP) growth to expand to at least 4.5% this year and to 4.7% in 2018, compared to 4.2% in 2016.
She said Malaysia’s macro outlook was on the mend as the fog slowly lifts with its rising tide in exports and gains in new orders, reinforcing the bank’s view that the country’s economy should be progressing.
“Commodity prices have also levelled up, supporting Malaysia’s trade and current account surplus.
“After the recent record sell-off, funds started accumulating back to the 40% level in the Malaysian Government Securities. Supported by a US$96.1 billion foreign reserves (as of end-April 2017) and a rising trend in foreign direct investments, the undervalued ringgit is poised to strengthen.

UOB: Singapore dollar expected to weaken against ringgit
SOURCE: Bernama
KUALA LUMPUR, 9 May 2017:
The cross rate between the Singapore dollar (SGD) versus the Malaysian ringgit (MYR) could possibly head lower and return to below the 3.0 level by year-end, says United Overseas Bank (UOB).
Based on current trend, the cross would likely pass through the 3.0 psychological level as the US dollar per ringgit (USD/MYR) is projected to hover at around 4.30 by end-December while USD/SGD may hold at 1.46.
“SGD is seen as a ‘safe haven’ currency in the region, and when the risks were higher, a lot of funds came in to support the republic’s currency.
“The SGD/MYR cross is now seen as quite expensive and there could be a reversion. Based on the rates predicted for year-end, the cross could head lower,” UOB (Malaysia) Bhd economist Julia Goh said at the sidelines of a media briefing on, ‘How Global Events Will Impact Malaysia’s 2017 Growth Trajectory’ here today.

The ringgit rose against the SGD to 3.0822/0855 as at 5pm today from yesterday’s 6pm rate of 3.0856/0886.
For the past decade, the cross had been traded bias to the strength of SGD, with the ringgit weakening to as low as to 3.1726 (16 March 2017). Its best performance was recorded at 2.2178 (25 May 2007).
The republic’s central bank, the Monetary Authority of Singapore (MAS), has been using the exchange rate as its main monetary policy tool to strike a balance between inflation from overseas and economic growth.
Goh said MAS would most likely take a neutral policy stand as the republic’s core inflation was manageable, despite market expectations that the policy might be tightened.
While external risks remain present in the form of uncertainty in the US president Donald Trump’s policies and geopolitical risks, she said there were mitigating factors as Malaysia was part of a wider production base in the region which benefits from domestic derived growth.
Goh said UOB projected Malaysia’s gross domestic product (GDP) growth to expand to at least 4.5% this year and to 4.7% in 2018, compared to 4.2% in 2016.
She said Malaysia’s macro outlook was on the mend as the fog slowly lifts with its rising tide in exports and gains in new orders, reinforcing the bank’s view that the country’s economy should be progressing.
“Commodity prices have also levelled up, supporting Malaysia’s trade and current account surplus.
“After the recent record sell-off, funds started accumulating back to the 40% level in the Malaysian Government Securities. Supported by a US$96.1 billion foreign reserves (as of end-April 2017) and a rising trend in foreign direct investments, the undervalued ringgit is poised to strengthen.


Read more: http://www.therakyatpost.com/business/2017/05/09/uob-singapore-dollar-expected-to-weaken-against-ringgit/#ixzz4gb1q5dpC

One day, it will hit 0.50.

Canada’s economy has been on a tear the past six months, with output and jobs beating expectations (at least until the most recent jobs report).

But there’s one aspect of Canada’s economy that’s positively in the dumps: The loonie, which according to Bank of Montreal senior economist Sal Guatieri, is the “worst-performing major currency this year.”

world currencies vs us dollar
Most major currencies have risen against the U.S. dollar since the start of the year. The loonie is not among them.

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The loonie “is the ugly duckling of the currency world in 2017,” declared National Bank Financial senior economist Stefane Marion.

Typically, when the world’s currencies rise against the U.S. dollar, the loonie follows. But this time around, the Canadian dollar’s performance has been even worse than the U.S.’s.

“This type of disconnect is extremely rare,” Marion wrote in a client note Thursday. He estimated that the loonie is the most disconnected it’s been from the U.S. dollar’s movements in more than a decade.

US dollar index down to 98.58

Us dollar index fall to 98.58

Klse index may break 1,800 points this week. good news.

Nylex share from 0.51 up to RM1. So, nothing is impossible. It is matter of time to up.

set target at 0.30. good luck.

Previously Faber (edgenta) is only 0.10. Now, 3.20. Nothing is impossible. It is the matter of time.

If foreign investor inflow into country, then it may reach at least RM1.00.

Wait until 0.14, Sapu Semua psiptek syer.

North Korea has declared it is ready to sink a US aircraft carrier on its way to the Korean Peninsula.

US President Donald Trump ordered the USS Carl Vinson carrier strike group to sail toward North Korea in response to rising tension over nuclear and missile tests.


'Our revolutionary forces are combat-ready to sink a U.S. nuclear-powered aircraft carrier with a single strike,' the Rodong Sinmun, the newspaper of the North's ruling Workers' Party, said in a commentary.

Pyongyang turned its sights on Australia on Saturday for 'blindly and zealously toeing the US line' and accused Foreign Minister Julie Bishop of 'spouting a string of rubbish against the DPRK over its entirely just steps for self-defence' .

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It was responding to comments made by Ms Bishop last week sanctions would send 'the clearest possible message' to North Korea that its behaviour would not be tolerated.

'If Australia persists in following the US moves to isolate and stifle the DPRK and remains a shock brigade of the US master, this will be a suicidal act of coming within the range of the nuclear strike of the strategic force of the DPRK,' Pyongyang said.

Ms Bishop told AAP on Sunday that North Korea's threats of nuclear strikes against other nations further underlines the need for the regime to abandon its illegal nuclear weapons and ballistic missile programs.

'These present a grave threat to its neighbours and, if left unchecked, to the broader region including Australia,' she said.

'The North Korean government should invest in the welfare of its long-suffering citizens, rather than weapons of mass destruction.'

North Korea's nuclear threat dominated talks on Saturday between Prime Minister Malcolm Turnbull and visiting US Vice President Mike Pence.

Labor's defence spokesman Richard Marles said on Sunday North Korea's latest statement was a matter of enormous concern, but noted Pyongyang had made similar threats to other nations, even a veiled one to its ally China.

But he did not believe conflict on the Korean peninsula was particularly likely and backed the approach the US has taken on North Korea.

'I do think a harder edge being presented by America in respect of North Korea is not a bad thing,' Mr Marles told Sky News.

He believed the early signs coming out of China, an ally of North Korea, were positive, it saying if the problem is going to be dealt with it needs to be through 'China, America and the whole world'.

- See more at: http://www.skynews.com.au/news/top-stories/2017/04/24/north-korea-threatens-action-against-us-navy.html#sthash.0cw67JMW.dpuf

US Dollar Index (DXY) Falls Below Major Horizontal Level, Nearing Critical Support Confluence
By Jignesh Davda -April 18, 2017 - 17:57 BST
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The US Dollar index dropped below significant support on Tuesday to trade at levels not seen since late March. The index is approaching a confluence of support that will be important for the weekly trend.

Support at 100.18 was previous resistance as it held DXY lower in 2015 on two attempts. There was a consolidation above the level on a daily chart over the past four sessions prior to today’s break lower.



Along with the drop below 100.18, DXY has also fallen below the psychological 100.00 level for the first time in April.

Support for the index at 99.43 will be important. The level was previously viewed as the neckline of a head and shoulder’s pattern. A break below the level in late March was not sustained and had resulted in a nearly immediate reversal. As such, the pattern will no longer carry as much significance among many technical traders.

There is a confluence of support at 99.43. It marks the spike low from December and had held the index higher at the end of January and early February. There is also a rising trendline within proximity. The trendline connects the May low with a low in June and has been respected on several dips, including the spike low on the US election day. Slightly below the level, the 200-period daily moving average offers additional support.

The 200 DMA is currently near the 99.00 handle which is also near the 61.8% Fibonacci level measured from the US election spike low to this year’s high and marks prior resistance from October.

Near-term resistance falls at the broken support level of 100.18.

Wait small kaki run first, then sapu semua when down to 0.17.

US dollar declines amid rising geopolitical tensions Source : Last Updated: Tue, Apr 18, 2017 02:40 hrs New York, April 18 (IANS) The US dollar fell against other major currencies on Monday amid rising geopolitical tensions in the Korean Peninsula. The latest missile test conducted by the Democratic People's Republic of Korea spurred market demand for safe-haven currencies like Japanese yen on Monday, Xinhua news agency reported. The greenback declined against the yen and touched 108.14 during the session, the lowest level since mid-November. The dollar index, which measures the greenback against six major peers, was down 0.32 per cent at 100.190 in late trading. In late New York trading, the euro rose to 1.0650 dollars from 1.0617 dollars, and the British pound added to 1.2575 dollars from 1.2512 US dollars in the previous session. The Australian dollar climbed to 0.7594 US dollar from 0.7578 US dollar. The US dollar bought 108.69 Japanese yen, lower than 109.13 yen of the previous session. The US dollar fell to 1.0036 Swiss francs from 1.0052 Swiss francs, and it edged down to 1.3300 Canadian dollars from 1.3304 Canadian dollars. --IANS

Read more at: http://www.sify.com/news/us-dollar-declines-amid-rising-geopolitical-tensions-news-others-rescEdghaffdd.html

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).

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.

Psiptek have rose to 0.20. TP 0.25 soon. Nta at 0.59

This Friday, psiptek rose to 0.20. Will up to 0.25 soon. Net total assets is 0.59.

This Friday, psiptek rose to 0.20. Soon will reach 0.25. Nta is 0.59.

Correction. 0.30 in future.

Psiptek rose to 0.20 in closing. Soon may go up to 0.30.

Today psiptek rise to 0.20. Nta is 0.59. Soon will rise more higher.

Psiptek rose from 0.17 to 0.20. Nta is 0.59.

Psiptek rose from 0.17 to 0.20. Nta is 0.59.

Monday sure skyrocketing. New TP 0.30

PYONGYANG, North Korea — North Korea’s vice foreign minister on Friday blamed President Donald Trump for building up a “vicious cycle” of tensions on the Korean Peninsula, saying that his “aggressive” tweets were “making trouble.”

North Korea's vice minister Han Song Ryol is pictured during an interview with The Associated Press ...more
Wong Maye-E, The Associated Press
In an exclusive interview with The Associated Press in Pyongyang, Vice Minister Han Song Ryol also warned the U.S. against provoking North Korea militarily, saying, “We will go to war if they choose.”
“If the U.S. comes with reckless military maneuvers then we will confront it with the DPRK’s pre-emptive strike,” Han said, referring to North Korea by its official name, the Democratic People’s Republic of Korea. “We’ve got a powerful nuclear deterrent already in our hands, and we certainly will not keep our arms crossed in the face of a U.S. pre-emptive strike.”

PYONGYANG, North Korea — North Korea’s vice foreign minister on Friday blamed President Donald Trump for building up a “vicious cycle” of tensions on the Korean Peninsula, saying that his “aggressive” tweets were “making trouble.”

North Korea's vice minister Han Song Ryol is pictured during an interview with The Associated Press ...more
Wong Maye-E, The Associated Press
In an exclusive interview with The Associated Press in Pyongyang, Vice Minister Han Song Ryol also warned the U.S. against provoking North Korea militarily, saying, “We will go to war if they choose.”
“If the U.S. comes with reckless military maneuvers then we will confront it with the DPRK’s pre-emptive strike,” Han said, referring to North Korea by its official name, the Democratic People’s Republic of Korea. “We’ve got a powerful nuclear deterrent already in our hands, and we certainly will not keep our arms crossed in the face of a U.S. pre-emptive strike.”

Showdown on 'Day of the Sun': The White house furiously denies report it 'is prepared to launch preemptive strike with conventional weapons if it believes North Korea is about to test a nuclear bomb'
US officials fear North Korea will perform nuclear weapons test on Saturday
Satellite images taken yesterday show continued activity at Kim Jong-un's Punggye-ri Nuclear facility
Pyongyang is preparing to mark its national 'Day of the Sun' to commemorate the birth anniversary of its founding president Kim Il Sung
Tensions are high with North Korea warning of a nuclear attack on the US at any sign of American aggression
If the US is convinced North Korea will follow through on nuclear test, it is prepared to deploy Tomahawk missiles and bombs, US officials said


Read more: http://www.dailymail.co.uk/news/article-4410704/US-prepared-launch-strike-against-North-Korea.html#ixzz4eCNOKXyT
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Showdown on 'Day of the Sun': The White house furiously denies report it 'is prepared to launch preemptive strike with conventional weapons if it believes North Korea is about to test a nuclear bomb'
US officials fear North Korea will perform nuclear weapons test on Saturday
Satellite images taken yesterday show continued activity at Kim Jong-un's Punggye-ri Nuclear facility
Pyongyang is preparing to mark its national 'Day of the Sun' to commemorate the birth anniversary of its founding president Kim Il Sung
Tensions are high with North Korea warning of a nuclear attack on the US at any sign of American aggression
If the US is convinced North Korea will follow through on nuclear test, it is prepared to deploy Tomahawk missiles and bombs, US officials said


Read more: http://www.dailymail.co.uk/news/article-4410704/US-prepared-launch-strike-against-North-Korea.html#ixzz4eCNOKXyT
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Donald Trump to FIRE first strike before North Korea launches nuke test
DONALD Trump has moved devastating Tomahawk missile launchers into the firing range of North Korea to launch a "pre-emptive strike".




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By Jamie Micklethwaite / Published 14th April 2017
US drops LARGEST non-nuclear bomb in Afghanistan
Play Video
The US president launched their biggest ever non-nuclear bomb at ISIS terrorists in Afghanistan, and is now turning his attention to North Korea.

The north has warned the world to expect something big at their festival to honour the founder of the nation.

Experts believe this could be their sixth nuclear test, and could be their biggest ever.



Donald Trump and Tomahawk missilesGETTY
FIRING RANGE: US have made the first move by moving missiles into the peninsula
Inside North Korea: The pictures Kim Jong-un doesn't want you to see
Tuesday, 13th December 2016
Since 2008, photographer Eric Lafforgue ventured to North Korea six times. Thanks to digital memory cards, he was able to save photos that was forbidden to take inside the segregated state
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Taking pictures in the DMZ is easy, but if you come too close to the soldiers, they stop youERIC LAFFORGUE/EXCLUSIVEPIX MEDI
Taking pictures in the DMZ is easy, but if you come too close to the soldiers, they stop you
Taking pictures in the DMZ is easy, but if you come too close to the soldiers, they stop you A rare example of an undisciplined kid in North Korea. The bus was driving in the small roads of Samijyon in the north, when this kid stood in the middle of the road In the art center of Pyongyang, we experienced a power outage, a daily event the North Koreans hate to show. When it happens, they tell you it's because of the american embargo On the highways, you can see trucks loaded with coal, since North Korea has big problem getting oil like during WW2 Something you can see often in North Korea, but still forbidden to photograph North Korea say foreign aid is a war debt, but taking pics of the WFP sign through the window of a house in a village is forbidden There are a lot of tired people since many have to ride their bikes for hours to go to work in the fields. Taking pictures of them is forbidden
Intelligence officials have revealed the US has placed two devices capable of firing Tomahawk missiles into the Korean peninsula.

American bombers have also been positioned in Guam ready to strike if necessary.

And the US Carl Vinson has led a fleet of warships to the peninsula, along with Japanese allies.