May[2] - Market Update

Dollar Index:
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)

May[1] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.

Chart[11] - Ying Li

The counter formed double bottom break down at 0.149 on Dec 2015. Since early 2016, it has been gathering strength to push up but retreat from 0.149. Lately, it saw high transaction again with price edging up again. In first chart (daily), EMA10 has cut up from EMA20. In second (weekly), price rest before EMA20. Shall it form double top break up from 0.149, next resistance is 0.168. Trend could have changed if it back down to 0.136.

Apr[8] - Market Update

Oil:
Against the fact of oil glut, crude oil has been riding on a bullish week. Two resistance were broken in one week. A double top breakout was formed at 41.56. The peak ~ 43.12 since Dec 2015 was broken as well.

Dollar Index:
Looking into next week, US dollar index could be in focus. Generally, stronger USD could derail USD denominated commodity prices. Central bank of Japan and Federal Reserve will be deciding their latest monetary policy on next Thursday. USD has been sliding since Yellen downplayed possibility of rate hike in FOMC on March. Asia markets has been benefited as well.

Market Calendar on coming week:

(SG: Singapore; CH: China; US: USA)

Apr[7] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.

Apr[6] - Market Update

Oil:

Market has been pretty optimistic towards OPEC meeting on 17 April. Last week saw 15% surge in crude oil price. 

Singapore:

Led by banks, STI has been in short rally last week. In coming weeks, some blue chips will be coming to end of dividend entitlement. It would be interesting to see whether the momentum can maintain after Exclusive Date (EX).

Market Calendar on coming week:

(SG: Singapore; CH: China; US: USA)

Apr[5] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.