Saturday, June 8, 2013

The Weekly Review: Another Crazy Week

EUR/USD continued the upward bounce from last week due to the fall of the dollar. EUR/JPY had a slight weakness and fell but recovered on reaching its support. AUD/USD remained weak.

USD/JPY had a long fall due to weaking dollar and rising Yen for that week. It has currently bounced off a support on Friday after the NFP report as many traders took to take profit or was caught in a squeeze.

US Stocks

Dow Jones Index bounced off sharply after reaching support and also on Friday's NFP report.

Apple is going to unveil its new products soon in the upcoming WWDC. How will it stock react?

Hong Kong Stocks

Became interested in Hang Seng Index recently because of its potential big profits when you are trading long term in it despite its volatility. Hang Seng ended down for the week. Futures from Friday night indicated a slight bounce. So it might open up on Monday.

Singapore Stocks

Properties like Kepland continues to slide in the week.

REITS holders, are you panicking?

Wilmar isn't spared from the fall too. Broke past its support.

Commodities

Gold is still bouncing around as it failed to move any higher. If it breaks further, then it will be a long way down to cheaper gold.

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