Saturday, September 21, 2013

The Weekly Review: No Tapering Yet

EURUSD gained significantly this week after the fed announcement of no tapering yet. So does AUDUSD, however Aussie showed strong weakness on Friday pulling back significantly ending a pinbar. Will it continue its rally? We shall see next week. USDJPY is getting tighter for a move.

US Stocks

Dow Jones Index had a good rally. On Friday it gave back most of its gains. So it will be a pullback next week.

Singapore Stocks

Property stocks staged a good recovery from its low.

Now we shall see if property stocks will get stuck into consolidation or will start a new bullish trend.

For REITs lovers, CDL Hospitality Trust is looking good for a buy.

Might look to fly long term for this new stock. After dropping to a low of about 0.84, it rose significantly now.

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