Upon FOMC on March, US dollar index has been down sliding. Last week FOMC reaffirmed that no rate hike yet, so the down trend persisted. It has been hitting one year support ~ 93. A weakening USD gave support to commodities price, such as oil, wheat, etc.
Singapore:
Heavyweight in STI constituents has been releasing earning results for past quarter. Earning was generally flat. While more counters will be trading under EX (exclusive of dividend) soon, STI is showing weakness to climb for next high. Conventional saying about "SELL on May" looks convincing meanwhile.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA)
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