Following series of positive economy data from US job market and factory production, Dollar index slowly climbed up while Gold price showed double top formation in trend. Market might be hinting that further rate hike is around the corner. Next US federal meeting falls on Sep. It could be back to the market focus on coming months.
Singapore:
DBS heavy exposure into loan from oil&gas sector has been taking its toll in market. Local banks counters were leading STI to another week of downfall. Immediate support at 2812. Shall it be broken, next would be 2706.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA)
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