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Ya man,,,get ready yr umbrella.Tsk tsk.
halleluyah ( Date: 25-Aug-2013 22:34) Posted:
wow....dark clouds....going to rain soon arh??
Octavia ( Date: 25-Aug-2013 22:30) Posted:
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wow....dark clouds....going to rain soon arh??
Octavia ( Date: 25-Aug-2013 22:30) Posted:
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Time for market to start worrying about September?yikes! \
http://www.cnbc.com/id/100984921
http://sg.finance.yahoo.com/news/fed-tapering-not-bad-southeast-082026412.html
Friday - S'pore's finance minister. Mr Tharman Shanmugaratnam said. A wind down of the US Federal Reserve's stimulus programme will " not be a bad thing" for Asean, that saw a huge sell-off in emerging markets.
He said - Fed must manage the move carefully, citing the week's volatility that has seen the Indian rupee plunge to record lows and other currencies also founder. " Tapering of (the Fed's bond-buying scheme) and tightening of US monetary policy, when it occurs, will not be a bad thing for the region's economies."
" It is not in anyone's interest, for very low global interest rates to continue indefinitely," including the emerging economies, " Low or -ve interest rates have inevitably led to a search for higher yield and a build-up of financial imbalances in Asia."
QE unwinding would take place together with a recovery in the US economy " is not in itself a negative for ASEAN countries" . Said Shanmugaratnam, who's one of S'pore's two deputy prime ministers.
ozone2002 ( Date: 23-Aug-2013 11:28) Posted:
Tapering of QE will signal less punting on the markets (read lower prices), time to unwind positions..
gd luck dyodd |
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http://sg.finance.yahoo.com/news/p-500-squeezes-weekly-gain-223028596.html
Friday - S& P 500 managed a wk gain after two straight wks losses, but headwinds for blue chips left the Dow lower for the period, extending its losses for a 3rd wk. Treasury yields overall remained rising attracting money out of foreign emerging mkts sending emerging mkt funds and ETFs plunging and the guessing game on whether the Fed would begin to pull in its stimulus program next month.
Fed's policy-setting Federal Open Market Committee (FOMC). Since May that it would begin to taper its $85 bil a mth bond-buying program late this year. In late July, data continued to present a mixed picture, minutes to the meeting of the FOMC show the policy-makers themselves uncertain about the overall trajectory.
S& P 500 added 0.5% for the wk,
@1,663.50. While Dow lost 0.5% to 15,010.51 points.
Fed is warned about tightening too soon as Jackson Hole conference opens
\The biggest risk facing the US economy is a premature policy tightening by the Federal Reserve, officials were warned on Friday in the opening paper at the prestigious Jackson Hole symposium.
The annual conference, hosted by the Kansas City Federal Reserve Bank in the mountains of Grand Teton National Park, gathers central bankers from around the world and provides an update on the latest thinking among top monetary economists.
Stanford University economist Robert Hall, in a paper titled " The Routes Into and Out of the Zero Lower Bound," concluded that US economic growth and hiring were slowly heading back to normal, but that the Fed must maintain an ultra-easy policy to keep the recovery on track.
" The central danger in the next two years is that the Fed will yield to intensifying pressure to raise interest rates and contract its portfolio well before the economy is back to normal," he wrote in the 31-page paper.
Tks 4 sharing！
guoyanyunyan ( Date: 23-Aug-2013 16:18) Posted:
3 Things You Should Spot On STI Chart Chart On Straits Times Index 1) Lower High, Lower Low
A bull trend is usually identified by having a series of rallies where each rally exits at the highest point of the previous rally (higher high). The drop between the rallies ends above the lowest point of previous fall (higher low). We have seen this on the Straits Times Index (STI) chart since beginning of 2012 where the STI consistently formed higher highs and higher lows. However, a bear trend started when the chart started to form lower high and lower low. We saw the STI formed a high and lower high between June and August, and yesterday we just saw STI broke below the previous low of 3,066. 2) Death Cross
One of the most popular ways technical analysts use to determine market direction is to use the classic ?Death Cross?. A death cross forms when the 50-day moving average goes below the 200-day moving average. The terrifying drop for the past two weeks by the STI has led to the formation of the death cross seen on the STI chart. To many technical traders, this is a sign on an end of a long-term bull trend.
3) Uptrend Channel Broken
Since October 2011, the STI started its rally from a low of 2,521 to a high of 3,464 and all this while, the STI was trending up in a big fat channel. Every time when there is a correction, we will see that the STI is supported by the long-term trend line. However, the fall of the STI in June 2013 hinted us on the bear trend, and now we probably need to be more cautious of the market as the ?uptrend? is now obviously broken.
Posted by Andy Yew
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3 Things You Should Spot On STI Chart
Chart On Straits Times Index
1) Lower High, Lower Low
A bull trend is usually identified by having a series of rallies where each rally exits at the highest point of the previous rally (higher high). The drop between the rallies ends above the lowest point of previous fall (higher low). We have seen this on the Straits Times Index (STI) chart since beginning of 2012 where the STI consistently formed higher highs and higher lows. However, a bear trend started when the chart started to form lower high and lower low. We saw the STI formed a high and lower high between June and August, and yesterday we just saw STI broke below the previous low of 3,066.
2) Death Cross
One of the most popular ways technical analysts use to determine market direction is to use the classic ?Death Cross?. A death cross forms when the 50-day moving average goes below the 200-day moving average. The terrifying drop for the past two weeks by the STI has led to the formation of the death cross seen on the STI chart. To many technical traders, this is a sign on an end of a long-term bull trend.
3) Uptrend Channel Broken
Since October 2011, the STI started its rally from a low of 2,521 to a high of 3,464 and all this while, the STI was trending up in a big fat channel. Every time when there is a correction, we will see that the STI is supported by the long-term trend line. However, the fall of the STI in June 2013 hinted us on the bear trend, and now we probably need to be more cautious of the market as the ?uptrend? is now obviously broken.
Posted by Andy Yew
Same here too. haha
SFGuyRuleZ ( Date: 23-Aug-2013 00:50) Posted:
Got, but don't wish to disclose. haha.. Am currently keeping a lookout for some STI blue chip stocks now.
Peter_Pan ( Date: 23-Aug-2013 00:46) Posted:
| You got invest in any other counters besides Vard |
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Tapering of QE will signal less punting on the markets (read lower prices), time to unwind positions..
gd luck dyodd
The Primary Dealers Have Spoken: Taper Begins September With $15 Billion Trim QE Ends June 2014
Back on July 17, the New York Fed, which as always operates based on the decisions and inputs of its Primary Dealer superiors, asked the Dealer community for their thoughts on the Taper, specifically when and how much. The survey has come back and the PD community has spoken. The answer: Taper is announced, and begins, September with the first reduction in monthly purchases of $15 billion ($10Bn cut in TSY purchases, $5BN cut in MBS), eventually tapering to nothing in June 2014 when the Dealers believe QE formally ends.
The breakdown of the forecasts by percentile:
US dealers expected US$15b reduction in QE3 in September: survey
Primary dealers surveyed before the Federal Reserve's July policy meeting said they expected the US central bank to trim its asset purchases by US$15 billion starting in September.
According to the survey conducted by the New York Fed, the median of responses showed that the dealers expected the US central bank to keep buying US$85 billion in bonds per month until a meeting scheduled for Sept. 17-18.
At that meeting, they expected policymakers to trim Treasury buys by US$10 billion and mortgage-bond buys by US$5 billion.
The dealers predicted that by December, the Fed would reduce its quantitative easing program, known as QE3, by an additional US$15 billion, bringing the total size of the program to US$55 billion per month.
Got, but don't wish to disclose. haha.. Am currently keeping a lookout for some STI blue chip stocks now.
Peter_Pan ( Date: 23-Aug-2013 00:46) Posted:
You got invest in any other counters besides Vard?
SFGuyRuleZ ( Date: 23-Aug-2013 00:39) Posted:
Dow shakes off 6-day losing streak, climbs on positive data
18 minutes ago
Stocks rose strongly on Thursday, lifted by some
encouraging manufacturing data out of the U.S., China and euro zone.
But uncertainty persists as to when the Federal Reserve may begin to
reduce its monthly bond purchases.
The Dow Jones Industrial Average posted a solid gain, its first in seven sessions, and was 66 points higher in early afternoon trading, led by Microsoft and Alcoa. Hewlett-Packard
was a drag, down sharply after its earnings report on Wednesday.
Despite today's fall, HPQ is still the best Dow stock this year, with a
gain of 55 percent
The S& P 500 and the Nasdaq were surging after recent weakness. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.
Among S& P sectors, energy and financials were higher while telecoms weakened.
The
latest jobless claims report showed a rise in initial claims to
336,000, a bit higher than the 330,000 economists were looking for. July leading indicators rose 0.6 percent, a bit better than the 0.5 percent increase expected.
Meanwhile, financial data firm Markit said its " flash" U.S.
manufacturing purchasing managers index rose to 53.9, its best showing
since March.
" I do think the economy is in better shape than
most people think, and that's why i think this setback over the last few
days is a buying opportunity," Jim McCaughan of Principal Global
Investors said.
In global economic data, HSBC's preliminary
reading of Chinese PMI for August crossed the key 50-level for the
first time in four months thanks to a rebound in new orders. The data
was the latest sign of stabilization in China, and boosted sentiment
after July's reading of 47.1, which marked an eleven-month low.
" China's manufacturing growth has started to stabilize on the back of
modest improvements in new business and output. This is mainly driven
by the initial filtering through of recent fine-tuning measures and
companies' restocking activities," said Qu Hongbin, the co-head of
Asian economic research at HSBC.
European markets closed
higher after Germany's PMI for August climbed to 53.4, up from 52.1 in
July. Broader euro zone PMI data also beat expectations.
" They're certainly good numbers, and we've been seeing this for the
last four or five months in Europe," Richard Jerram, chief economist at
the Bank of Singapore, told CNBC. " It does seem that as the headwinds
from fiscal tightening fade, then the economies are starting to lift."
(Read more: Euro zone flash PMI at highest level since June 2011)
There remains uncertainty as to when the Fed will start slowing its massive stimulus program, however. Minutes from the central bank's last policy meeting,
released on Wednesday, showed the Fed is preparing to start tapering,
but provided little indication as to when it might do so.
UBS
economist Maury Harris told CNBC, " The Fed is just apparently unable
to send any kind of consistent message about what they're up to."
Harris expects tapering to start in the fourth quarter, but it could be
a " tiny taper" and " hardly enough to make any kind of difference."
The annual Fed symposium was starting in Jackson Hole, Wyoming, on
Thursday evening. Fed Chairman Ben Bernanke broke with tradition and
will not attend this year,and there will be plenty of speculation at
the meeting as to who will replace him in January.
Source: http://www.nbcnews.com/business/dow-shakes-6-day-losing-streak-climbs-positive-data-6C10975694
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You got invest in any other counters besides Vard?
SFGuyRuleZ ( Date: 23-Aug-2013 00:39) Posted:
Dow shakes off 6-day losing streak, climbs on positive data
18 minutes ago
Stocks rose strongly on Thursday, lifted by some
encouraging manufacturing data out of the U.S., China and euro zone.
But uncertainty persists as to when the Federal Reserve may begin to
reduce its monthly bond purchases.
The Dow Jones Industrial Average posted a solid gain, its first in seven sessions, and was 66 points higher in early afternoon trading, led by Microsoft and Alcoa. Hewlett-Packard
was a drag, down sharply after its earnings report on Wednesday.
Despite today's fall, HPQ is still the best Dow stock this year, with a
gain of 55 percent
The S& P 500 and the Nasdaq were surging after recent weakness. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.
Among S& P sectors, energy and financials were higher while telecoms weakened.
The
latest jobless claims report showed a rise in initial claims to
336,000, a bit higher than the 330,000 economists were looking for. July leading indicators rose 0.6 percent, a bit better than the 0.5 percent increase expected.
Meanwhile, financial data firm Markit said its " flash" U.S.
manufacturing purchasing managers index rose to 53.9, its best showing
since March.
" I do think the economy is in better shape than
most people think, and that's why i think this setback over the last few
days is a buying opportunity," Jim McCaughan of Principal Global
Investors said.
In global economic data, HSBC's preliminary
reading of Chinese PMI for August crossed the key 50-level for the
first time in four months thanks to a rebound in new orders. The data
was the latest sign of stabilization in China, and boosted sentiment
after July's reading of 47.1, which marked an eleven-month low.
" China's manufacturing growth has started to stabilize on the back of
modest improvements in new business and output. This is mainly driven
by the initial filtering through of recent fine-tuning measures and
companies' restocking activities," said Qu Hongbin, the co-head of
Asian economic research at HSBC.
European markets closed
higher after Germany's PMI for August climbed to 53.4, up from 52.1 in
July. Broader euro zone PMI data also beat expectations.
" They're certainly good numbers, and we've been seeing this for the
last four or five months in Europe," Richard Jerram, chief economist at
the Bank of Singapore, told CNBC. " It does seem that as the headwinds
from fiscal tightening fade, then the economies are starting to lift."
(Read more: Euro zone flash PMI at highest level since June 2011)
There remains uncertainty as to when the Fed will start slowing its massive stimulus program, however. Minutes from the central bank's last policy meeting,
released on Wednesday, showed the Fed is preparing to start tapering,
but provided little indication as to when it might do so.
UBS
economist Maury Harris told CNBC, " The Fed is just apparently unable
to send any kind of consistent message about what they're up to."
Harris expects tapering to start in the fourth quarter, but it could be
a " tiny taper" and " hardly enough to make any kind of difference."
The annual Fed symposium was starting in Jackson Hole, Wyoming, on
Thursday evening. Fed Chairman Ben Bernanke broke with tradition and
will not attend this year,and there will be plenty of speculation at
the meeting as to who will replace him in January.
Source: http://www.nbcnews.com/business/dow-shakes-6-day-losing-streak-climbs-positive-data-6C10975694
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|
Dow shakes off 6-day losing streak, climbs on positive data
18 minutes ago
Stocks rose strongly on Thursday, lifted by some
encouraging manufacturing data out of the U.S., China and euro zone.
But uncertainty persists as to when the Federal Reserve may begin to
reduce its monthly bond purchases.
The Dow Jones Industrial Average posted a solid gain, its first in seven sessions, and was 66 points higher in early afternoon trading, led by Microsoft and Alcoa. Hewlett-Packard
was a drag, down sharply after its earnings report on Wednesday.
Despite today's fall, HPQ is still the best Dow stock this year, with a
gain of 55 percent
The S& P 500 and the Nasdaq were surging after recent weakness. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.
Among S& P sectors, energy and financials were higher while telecoms weakened.
The
latest jobless claims report showed a rise in initial claims to
336,000, a bit higher than the 330,000 economists were looking for. July leading indicators rose 0.6 percent, a bit better than the 0.5 percent increase expected.
Meanwhile, financial data firm Markit said its " flash" U.S.
manufacturing purchasing managers index rose to 53.9, its best showing
since March.
" I do think the economy is in better shape than
most people think, and that's why i think this setback over the last few
days is a buying opportunity," Jim McCaughan of Principal Global
Investors said.
In global economic data, HSBC's preliminary
reading of Chinese PMI for August crossed the key 50-level for the
first time in four months thanks to a rebound in new orders. The data
was the latest sign of stabilization in China, and boosted sentiment
after July's reading of 47.1, which marked an eleven-month low.
" China's manufacturing growth has started to stabilize on the back of
modest improvements in new business and output. This is mainly driven
by the initial filtering through of recent fine-tuning measures and
companies' restocking activities," said Qu Hongbin, the co-head of
Asian economic research at HSBC.
European markets closed
higher after Germany's PMI for August climbed to 53.4, up from 52.1 in
July. Broader euro zone PMI data also beat expectations.
" They're certainly good numbers, and we've been seeing this for the
last four or five months in Europe," Richard Jerram, chief economist at
the Bank of Singapore, told CNBC. " It does seem that as the headwinds
from fiscal tightening fade, then the economies are starting to lift."
(Read more: Euro zone flash PMI at highest level since June 2011)
There remains uncertainty as to when the Fed will start slowing its massive stimulus program, however. Minutes from the central bank's last policy meeting,
released on Wednesday, showed the Fed is preparing to start tapering,
but provided little indication as to when it might do so.
UBS
economist Maury Harris told CNBC, " The Fed is just apparently unable
to send any kind of consistent message about what they're up to."
Harris expects tapering to start in the fourth quarter, but it could be
a " tiny taper" and " hardly enough to make any kind of difference."
The annual Fed symposium was starting in Jackson Hole, Wyoming, on
Thursday evening. Fed Chairman Ben Bernanke broke with tradition and
will not attend this year,and there will be plenty of speculation at
the meeting as to who will replace him in January.
Source: http://www.nbcnews.com/business/dow-shakes-6-day-losing-streak-climbs-positive-data-6C10975694
http://www.cnbc.com/id/100979637
Sha Ying | CNBC Emerging markets strategist Peter Redward, who correctly predicted a sharp slide in the Indian rupee and Indonesia rupiah, has warned the selling isn't yet over for the countries struggling to narrow current account deficits.
In a research report published on Sept 4, 2012 entitled 'INR's vulnerability is rising, again', Redward projected a 12-mth target for the rupee of 62 against the U.S. dollar. The currency hit that level last Friday.
And, in August 13, 2012, the former Singapore-based Head of Emerging Asia research at Barclays Capital also forecast a slump in the Indonesia rupiah to 10,700 in 12 months, a level reached on Tuesday.
http://www.cnbc.com/id/100980548
Federal Reserve is closely monitoring the labor mkt as it mulls plans to draw down a major economic stimulus program in which it buys long term bonds to keep borrowing costs low.
The U.S. central bank has said it plans to start scaling back on the program this year, and many economists expect the Fed will begin reducing monthly bond purchases next month.
(
Read more:
Fed's hawkish message a lever for rates)
The claims report showed nos of people still receiving benefits under regular state programs after an initial wk of aid rose 29,000 to about 3mil in wk ended Aug 10.
Is Green Huat Kueh Pte 's Copy right.
Gold916 ( Date: 22-Aug-2013 16:43) Posted:
lol...how u manage to find this picture
Peter_Pan ( Date: 22-Aug-2013 16:01) Posted:
Lai! Lai! Lai! Everybody takes one! |
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