Sunday, January 20, 2013

The Weekly Review

Forex market is still in a very volatile mood. EUR/USD seems to be in a consolidation. GBP/USD is down. AUD/USD seems to be having a hard time keeping afloat. A downside bearish is favored for AUD/USD. USD/JPY still continues to be bullish as with other JPY crosses.

US Stocks

Dow Jones Index still continues to push up.

Amgen breaking down from its support. Looking bearish.

Singapore Stocks

Property stocks opened with a gap down on Monday after the released of cooling measures last week. But it went up after that as shortist were caught by big players who managed to push up the stock. Too bad for shortists, they probably got burned if they didn't have time to take profit. But we shall continue to observe if the property sector will sag or continue it's bullish run.



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