Monday, November 30, 2009

SUMMARY MONDAY 30/11/09 - news of debt rescheduling

السلام عليكم ورحمة الله تعالى وبركات

News berkenaan dgn debt rescheduling, harga emas dijangka naik lagi.

  • Wall St down 1.5%, reacting to the news of debt rescheduling of some USD60bln owed by Dubai World and Nakheel. Concern over Dubai threat to US banks was mitigated by the cheer that the first day after Thanksgiving was greeted by shoppers that came in droves. Dollar gained slightly. Commodities eased on profit taking.
  • Dow is at 10,309. Support is at 10,171. Resistances at 10,723, 11,000
  • Dollar is drifting downwards to 86.8 yen. Support is at 86.3
  • Euro/dollar is lower at 1.498. Longer term upside is at 1.53
  • Crude oil is lower at USD76.
  • Gold eased to USD1176 from USD1200, on technical correction. Strong resistance is at the USD1201-1209 region.
  • Ringgit is slightly firmer at 3.38. With support at 3.45, it is on a long term upside of 3.34.
  • S’pore ringgit is firmer at 2.448. With a pullback support at 2.42, the long term upside is at 2.52.
  • Malaysia market closed lower at 1270. With strong support at 1262, it is targeting yearend 1292, and 1300.
  • CPO Dec futures is RM2455, with support at RM2335. Upside remains at RM2500.
  • Today’s trading range is between 1266 and 1274.


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