Chair of Federal Reserve Honourable Janet Yellen believes that there will be no more crisis in our lifetimes. Short video and transcript of Q and A at British Academy, 27 June 2017.
THB-MYR-SGD trio strengthens against USD since beginning 2017. Philippine Peso weakest amongst major ASEAN currencies. Indonesian Rupiah looks ‘pegged’ to USD. Malaysian Ringgit weakening against SGD temporarily over.
With a chart going back to 1994, this long-lasting EURAUD resistance zone probably qualifies for a ‘generational’ level. Keep in view. EURAUD could be capped below this zone for quite a while.
It appears there is a big divergence between the usually highly correlated HSI, SiMSCI and AUDJPY. Who is smarter? The stock market or the forex market?
Call them milestone levels but I hope these levels stopping EURUSD, NZDUSD and AUDUSD will finally be broken to shift the market into a new phase. Otherwise we are stuck in this range since 2015 till date.
An interesting technical level to watch for EURUSD. For some reason, it has trouble staying North of this red line save less than 3 months (March – May 2016) in the last two and a half years.
Straits Times Index delivers strong end of May 2017 performance up 1.1% from April but market breadth declines from previous month. 15 companies end positive, 15 in the red. Yangzijiang Shipbuilding and OCBC are gain leaders. Comfortdelgro is top loser.