Saturday, June 22, 2013

The Weekly Review: USD Gains Strength

This week ended with the EUR/USD in a long fall while EUR/JPY kept strength. The AUD/USD continues its fall this week, probably falling further.
USD/JPY gained huge strength this week after Ben Bernanke's talk on tapering off Bond purchases. Currently it hits its resistance so will it break up and continue its rally now that interest rates are set to rise soon?

US Stocks

Dow Jones Index reached its another support.

Apple did not manage to gain strength and continues down.

Singapore Stocks

Seems like Singapore stocks still continues with its second wave of selling. Or is it the last wave?

STI recovered strength on Friday. Covering shorts?

REITS continued its selling.

Commodities

Gold continued its fall further as USD gained strength and investors bailed out.

No comments:

Post a Comment