It is interesting to note that gold price has been pretty bullish since early 2016. Amid weakening US dollar strength, traders shifting towards one of the safe heaven, gold. Market sentiment is not much bullish on stocks meanwhile.
Singapore:
STI has gone through a silent week. Last week moving range is only 50 points. Drawing line to connect all the peaks since mid 2015, a downward moving channel can be seen. Most of the STI constituents have released latest financial results. Weakening earning provides less support to the index as well.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA)
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