CHARTPOINT

Speculators' scepticism is a sign for the bulls

SINCE establishing a low at US$1,160 in August, gold has made a moderate recovery.

CHARTPOINT

Nikkei 225 to rise after convincing bullish break

AT the latest monetary policy meeting, the Bank of Japan (BOJ) reiterated the dovish stance of maintaining extremely low levels of short and long-term interest rates for an extended period of time until the Core Consumer Price Index (CPI) exceeds 2 per cent and stays above the target range in...

CHARTPOINT

Sugar hits sweet spot as downtrend comes to an end

SINCE hitting a high of 23.90 in October 2016, sugar has been stuck in a brutal downtrend. It has fallen by 58 per cent over the past two years to the current low of 9.91. Nonetheless, the severe bearish sentiment in sugar might also be the reason for a significant rebound as the outlook appears...

CHARTPOINT

US PMI data shows equity market staying in robust uptrend

DESPITE the ongoing trade tension between the US and China over tariffs on US$200 billion worth of Chinese imports, the US economic data and sentiment indicators remain strong.

CHARTPOINT

Bullish breakout to usher in substantial wave of buying for global equities

WITH the recent positive news from the US and Mexico reaching a trade deal last week, the general sentiment of the market got a lift. US President Donald Trump said that he would terminate the existing Nafta (North American Free Trade Agreement) deal to go into this current new deal with Mexico...

CHARTPOINT

Despite recent bearish momentum, gold likely to move higher near-term

GOLD continued to tumble to a new 52-week low lately as the US$1,200 key psychological round number failed to hold up.

CHARTPOINT

Expect 10-year yield to head lower, testing 2.50% area

AFTER threatening the 3 per cent psychological round number since April 2018, the movement in the 10-year yield over the past four months has shown that the 3 per cent level is still widely respected by the markets.

CHARTPOINT

Industrial Production data points to more upside for US equities

THE general equity market in the US continues to edge higher despite the ongoing trade tension. For example, the S&P 500 index is just one per cent away from the January record high of 2,872 points while the Nasdaq 100 index has recently broken another new record high in July at 7,530 points...

CHARTPOINT

Expect selling momentum in gold to fade away before rebound

AFTER months of trying to break above the US$1,360 resistance area, the bears emerged victorious in April and kickstarted the current leg of selling. Gold has been falling for the past four months and has erased around 10 per cent from the US$1,360 high in April. Nonetheless, we are expecting...

CHARTPOINT

Sentiment over bitcoin starting to turn positive

SINCE hitting a record high of 19,511, bitcoin has been in a freefall. The sentiment has been extremely dreadful with no signs of sustainable rallies. Bitcoin fell 70 per cent to the recent low of 5,791 in late June after it established a record high at 19,511 seven months ago. Nonetheless, it...

CHARTPOINT

STI likely to revert to long-term uptrend

WITH the recently announced set of cooling measures in the property market, the selling pressure in the Straits Times Index (STI) worsened.

CHARTPOINT

Equity outlook positive as US capital goods data still expanding

WHILE the trade tension continues to escalate and hurt the general sentiment of the market, US economic data still shows robust growth. More notably, consumer sentiment, ISM manufacturing PMI, retail sales and unemployment rates are at their multi-year extremes.

CHARTPOINT

Straits Times Index falls into new downtrend

SINCE hitting a high of 3,641 points in late April 2018, the Straits Times Index (STI) has fallen around 10 per cent into a new downtrend. The bearish move was mainly sparked by the Weekly Bearish Engulfing Bar rejection off the 3,611 resistance area and the weekly Relative Strength Index (RSI)...

CHARTPOINT

Capitalise on trade war-inspired selloff

FOLLOWING the most recent European Central Bank (ECB) meeting, further details of tapering of the asset purchase programme and the timeline of the interest rate hike cycle were announced.