Sunday, August 25, 2013

The Weekly Review

EUR/USD tried to push higher this week while EUR/JPY continues to form a consolidation. AUD/USD has been very volatile this week ending a down with a higher low.

US Stocks

Dow Jones gave a good rise and had a great fall. It seemed to reach a first support on Thursday. Will it continue higher?

Apple reaching its first resistance in preparation for its official announcement of their new iphones.

Singapore Stocks

Kepland has been a profitable trade for the week as it failed to climb and falls further. However there was a pullback at the end of the week.

How low will Noble Group get? Watch for it!

Last week I was talking about a impending further loss in REITs, and it happened! BBs were all dumping REITs! Only reaching a first support on Thursday or Friday.

Hong Kong Stocks

Hang Seng had sharp rally on Thursday. Will it continue to move up or it is just a correction?

Commodities

Gold continues to move up for the week. More rally to be expected.

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