Saturday, May 25, 2013

The Weekly Review: Another Volatile Week

EUR/USD rebounded in the week and it was a very volatile week with major downs and ups. We are still waiting to see if it will break down below. EUR/JPY remained flat with a slight bearish bias. AUD/USD continued on the bearish slide and more will come.

GBP/USD might return to the upside based on the 4H chart.

US Stocks
Dow Jones Index exhibiting a bearish pin bar but market is still trying to support it. Will it be the end of the rally?

While Wells Fargo continues its rally.

Singapore Stocks
Most of the stocks in Singapore fell especially properties and REITS. Was it a panic sell by retailers or the real selling has begun?

Commodities
Gold is still on the whipsaw. Likely on bearish side.

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