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STI to cross 3000 boosted by long-term investors
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CWQuah
Master |
25-Feb-2008 13:49
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Just saw the nikkei. Ridiculous chiong to 13910. BTW I just love how the STI closed for lunch... 3068.88???? |
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ET88888
Member |
25-Feb-2008 12:53
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This week US will report Produce price index, Existing Home sales, Consumer confidence, New Home Sales, Jobless Claims, GDP(prelim)..etc. All the results already expected, the same motherhood reports, after sometimes these reports become meaningless and may deem as excuses. Asia should ignore them and decouple from the US. It may happen !!!!! |
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Livermore
Master |
25-Feb-2008 12:28
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There is no bull? Have a look at SPC |
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techsys
Master |
25-Feb-2008 12:15
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The yen fell against 15 of the 16 most-active currencies as rising stock prices gave traders confidence to increase purchases of higher-yielding assets funded with loans in the Japanese currency.
The yen declined the most against the South African rand and the Canadian dollar as a decline in expectations for currency market fluctuations encouraged investors to resume so- called carry trades. Australia's currency traded close to its highest level in more than three months against the U.S. currency as gold and oil prices rose. Currencies of raw material exporters are ``riding on the back of bullish commodity markets,'' said Koji Fukaya, a senior currency strategist at Deutsche Securities, the Tokyo unit of Deutsche Bank AG, the world's biggest currency trader. ``The yen's depreciation is accelerating against them as a rise in stocks prompt investors to take more riskier investments.'' The yen fell to 107.36 against the dollar at 12:24 p.m. in Tokyo from 107.17 late in New York on Feb. 22. Against the euro, it was at 159.01 from 158.99. The euro was little changed at $1.4812. The yen may fall to 110 per dollar by March 31, Fukaya forecast. The currency slid 0.6 percent to 13.9526 per South African rand and 0.2 percent to 106.07 per Canadian dollar. It weakened 0.1 percent to 99.12 against the Australian dollar as the MSCI Asia-Pacific Index of regional stocks climbed 1.3 percent. |
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techsys
Master |
25-Feb-2008 12:13
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Flashback When Wilkes-Barre Mayor Thomas Leighton hears about the troubles afflicting bond insurer Ambac Financial Group, he worries whether his Pennsylvania city can renovate a blighted park or repair the sewer system. Wilkes-Barre, which suffers from a weak BBB credit rating, depends on bond insurance to issue municipal bonds at favorable rates. If Ambac were to lose its AAA rating and its credibility, it could mean higher taxes, fewer services and lost jobs for the people of Wilkes-Barre. "Without affordable funding, projects don't get built, streets don't get repaved," Leighton said. "It affects the people driving on those roads and the people paving those roads." The credit crisis that began in the subprime mortgage market last year has now spread to municipal bonds. Governments and public authorities face steep increases in borrowing costs because investors are losing confidence in the credit markets and the companies that insure the debt. Public officials nationwide are now weighing whether to restructure their debt to lower rates - if they have good enough credit ratings - or to ride out the storm with the hope that investors will return. However, some are concerned they may have to raise taxes or cut services to balance their budgets. |
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techsys
Master |
25-Feb-2008 11:47
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I'm not too confident with the bond rescuer ... we are waiting for something like the rate commercial report any clue what is the result can be? |
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ET88888
Member |
25-Feb-2008 11:42
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Asian Stocks Advance on Bond Insurer Rescue Plan |
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winsontkl
Elite |
25-Feb-2008 11:35
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Well the figures provided is not expected to be strong due to the sub-prime, its only the unexpected that will move the market....look at STI today, don't dare to over CHEONG as there might be a surprise twist.... |
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asleep
Member |
25-Feb-2008 11:27
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it all depends on the existing home sales for the US later in the evening. Tuesday for consumer confidence and wed for new home sales. These 3 will have a big impact for the US this week. |
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winsontkl
Elite |
25-Feb-2008 11:21
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Tug of war between bull and the bear.....bull seems to be losing steam... |
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cathylmg
Elite |
25-Feb-2008 10:59
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Mix bags today. 188 gains, 121 losers, 151 unchange. Which side are you on today? |
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ET88888
Member |
25-Feb-2008 10:45
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The subprime problems are long over and tonight they are fixing the bonds issue. Expect US to be positive tonight. SM Goh re-affirmed that Sinagpore should come out unscathed. Construction and Shipping are our main pillars. Today and tomorrow markets should climb unless other bad news. |
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winsontkl
Elite |
25-Feb-2008 10:39
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Be careful....China market seems to be affected by inflation... |
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maxliukt
Member |
24-Feb-2008 20:46
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anyone buy sg bonds these days? since stocks so volatile. |
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Livermore
Master |
24-Feb-2008 20:14
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Some stocks have already broken out of consolidation phase but some still have not. So there are still opportunities |
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singaporegal
Supreme |
24-Feb-2008 20:11
Yells: "Female TA nut" |
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Trading volumes are still relatively low everyday... the market has become very sluggish. This is not a good environment for TA people. 
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cashiertan
Elite |
23-Feb-2008 20:59
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yes vers 5.xxx and abv should work. BTW, next week is tricky day for stocks and forex as there is important economic data out everyday. each of time can send dow carshing if data not favourable.. |
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Livermore
Master |
23-Feb-2008 20:15
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It seems hard time for traders at the moment though. I look it as best time for long term investors. I am bullish on my stock for this year:). |
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Kensonic77
Veteran |
23-Feb-2008 19:58
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Hi Cashiertan, Thanks for sharing... I will be getting metastock Ver 10.1. Should be compatible right? |
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cashiertan
Elite |
23-Feb-2008 19:21
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MLDownloader downloads recent and historical quotes (OHLC) from various internet sources (Yahoo, MSN) for any and all stocks in 50+ exchanges worldwide and writes them in the industry standard Metastock format (any version) or in form of ASCII files (CSV). Technical Analysts? must have. Data is compatible with Insider TA, Wealth-Lab, TradeStation, Elliot Wave Analyzer, WallStreet, SuperChart 4, Omni Trader and all the other industry favorites. A one-time fee of ?59.95 qualifies any and all to reliable, split adjusted, historical and recent EOD quotes from 1990 to date Data for your charting software. http://www.trading-tools.com/mld.htm |
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