It was another truly volatile week as big sudden movements of ups and down plague the forex market. The Euro had a fall before reversing up. Right now I see another fall could be coming as the market is still getting impatient with the Euro (and the EUR Union won the Nobel prize for peace?! Kind of a bullshit to me.) As for the Aussie, the correction upwards seemed to have hit its resistance and going back down. It will be still a hard fight as it is sitting on some form of support on the longer timescale.
Apple (AAPL) went tumbling down as sellers pushed the stock down. However there is a rumour of an announcement for ipad mini coming soon on 23 October. How well the stock performs will be dependent of how good the ipad mini will be. Also it is going to be Christmas soon.
DOW looks dangerously on the bear side.
On the Singapore side, Olam, Noble group is going to be interesting to watch.
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