FW: Market News - 30 Nov 2009

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.

 

2010 Stock Market Outlook KL - 06 Dec 2009

CIMB are pleased to announce that there will be a public seminar on 2010 Stock Market Outlook organised by Market Wizard Enterprise, supported by CIMB Investment Bank Berhad exclusively to alli*Trade@CIMB customers.

 

This seminar will be conducted in Mandarin by two reputable speakers. The profiles of the speakers are as follows:

 

·  Mr. Raphael Kok, founder of Market Wizards Enterprise, renowned Stock Columnist and popular speaker.

 

·  Mr. Justin Law, futures trader and commissioned futures broker representative and stock columnist.

 

Seminar details:

 

Date	6th Dec 2009 (Sunday)
Time	9.00 am – 11.30 am (Registration starts at 8.30am)
Venue	Kristal Ballroom 1 Hilton Hotel Petaling Jaya

 

Don’t miss this seminar to learn more about the investment opportunities in the current market trend.

 

For registration, please contact us at 03-2092 2516 or 012-317 8834 not later than 1^st Dec 2009 (Tuesday). Registration and FREE SEATS are on a first-come-first-serve basis.

 

Visit www.MarketWizardsEnt.com to find out more about the seminar.

 

Market News - 26 Nov 2009

Wall St up 0.3%, on a plethora of good figures. With the exception of Oct. durable goods down 0.6%,  weekly jobless claims had a bigger than expected drop to 466,000; new home sales rose to 430,000 annual units   in Oct; and personal income up 0.25, with personal spending on a surprise rise to 0.7% in Oct . Dollar continues to weaken. Commodities up. Markets will be closed for Thanksgiving on Thursday, and a shortened Friday trading. On the local market, Friday is also a holiday.

 

• Dow is at 10,464. Support is at 10,171. Resistances at 10,723, 11,000
• Dollar is drifting downwards to 88.1 yen. It should not breach the 88.01 low, which will pull it down to 87.0, and 86.4 yen
• Euro/dollar is higher at 1.51. Longer term upside is at 1.53
• Crude oil is higher at USD78.
• Gold has hit the USD1188 target.
• Ringgit is slightly firmer at 3.37. With support at 3.45, it is on a long term upside of 3.34.
• S’pore ringgit is firmer at 2.442. With a pullback support at 2.42, the long term upside is at 2.52.
• Malaysia market closed higher at 1272. With strong support at 1268, 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 1268 and 1274.

 

ETF & CIMBInvest Walkthrough Seminar - KL (05 Dec 2009)

CIMB are pleased to announce that there will be a FREE workshop organised by Daiwa Asset Management Co. Ltd. and supported by CIMB Investment Bank Berhad exclusively for all i*Trade@CIMB customers.

 

Mr Kyu II Oh from Daiwa Asset Management (Singapore) Ltd, will share the Overview of the Exchange Traded Fund and also Daiwa FTSE Shariah Japan 100, the First Shariah Compliant ETF listed on SGX.

 

Mr Atsushi Tahara from Daiwa Asset Management Co. Ltd, will cover the outlook on the Japanese equity market.

 

Mr Lim Chee Kiong from CIMB-GK Securities Pte. Ltd, will demonstrate the features of CIMBinvest, the online cross border share trading platform to trade in the Non-Ringgit markets which include the Singapore Stock Exchange (SGX), Hong Kong Stock Exchange (HKSE), New York Stock Exchange (NYSE), NASDAQ and American Stock Exchange (AMEX).

 

Workshop Details:

 

Date	5th December 2009 (Saturday)
Programme	9.00am – Registration   9.30am – Introduction to ETFs   10.00am – Outlook on Japanese Equity Market   10.45am – Tea Break   11.00am – Daiwa FTSE Shariah Japan 100   11.20am – CIMBinvest (Cross Border) Online Trading Platform Walkthrough   12.50pm – Q&A   1.00pm – Refreshment
Venue	CIMB Auditorium Ground Floor Bangunan CIMB Jalan Semantan Damansara Heights Kuala Lumpur

 

Don’t miss this OPPORTUNITY to learn about the investment opportunities in the current market condition.

 

For registration, please email us at itrade_events@cimb.com or call i*Trade@CIMB Call Centre at 03-2084 9890 not later than 3^rd November 2009 (Thursday). Registration is on a first-come-first-serve basis.

 

Market News - 25 Nov 2009

Wall St down 0.16%, on mixed economic figures. While the 3Q’2009 GDP was revised downwards to 2.8% from 3.5%, Consumer confidence index rose to 49.5 in Nov, up from Oct’s  48.7, and home prices rose 0.3% in Sept from Aug. Dollar was also mixed. So then, it was due more so to the shortened week of Thanksgiving on Thursday, and a shortened Friday trading. On the local market, BNM maintains OPR at the low 2%.

 

• Dow is at 10,433. Support is at 10,171. Resistances at 10,723, 11,000
• Dollar is drifting downwards to 88.6 yen. It should not breach the 88.01 low.
• Euro/dollar is unchanged at 1.496. Longer term upside is at 1.53
• Crude oil is slightly lower at USD76.
• Focus is on gold, rising to USD1166. Some resistance at USD1174.
• Ringgit weakened to 3.38, ahead of BNM’s OPR meeting, which continues to maintain the OPR rate at the low 2%. Ringgit is on a small correction to 3.45. Long term upside remains at 3.34.
• S’pore ringgit is firmer at 2.442. With a pullback support at 2.42, the long term upside is at 2.52.
• Malaysia market closed higher at 1272. With strong support at 1268, it is targeting yearend 1292, and 1300.
• CPO Dec futures eased to RM2417, with support at RM2335. Upside remains at RM2500.
• Today’s trading range is between 1270 and 1276.

 

Market News - 24 Nov 2009

Wall St Wall St rose 1.3%, cheering on the strong housing, and rally in commodities. Existing home sales rose 10.1% in Oct, the highest since Feb 2007. Dollar weakened following US hint of retaining the stimulus packages; this translates to prolonging the low interest rates. Gold shot up in Asia. Trading may be subdued this week due to Thanksgiving on Thursday, and a shortened Friday trading.

• Dow is at 10,450. Support is at 10,171. Resistances at 10,500, 10,800
• Dollar is unchanged at 88.9 yen. Upside is at 90.6 yen.
• Euro/dollar is higher at 1.497. Longer term upside is at 1.53
• Crude oil is slightly firmer at USD77.Focus is on gold, rising to USD1164. Some resistance at USD1174.
• Ringgit recovers to 3.376, from the low of 3.40. It may have bottomed at 3.40, and is likely to gain to the 61.8% retracement level of 3.37 following the stronger than expected 3Q’2009 GDP growth, which improved to 1.2% contraction, compared to the 2Q’2009’s 3.9% contraction. Upside remains at 3.34.
• S’pore ringgit is firmer at 2.438. 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 1268, it is targeting yearend 1292, and 1300.
• CPO Dec futures continues to rise to RM2444. Upside is revised to RM2500.
• Today’s trading range is between 1268 and 1276.

 

Market News - 23 Nov 2009

Wall St down 0.14%, tracking the dollar, which rose as safe haven. Dollar was higher; commodities mixed. Housing and tech sectors softened, on Dell’s weak earnings, and downgrade on technology. Trading may be subdued this week due to Thanksgiving on Thursday, and shortened Friday trading. Consumer confidence, and home sales this week may affect the market.

 

• Dow of 10,318. Support is at 10,171. Resistances at 10,500, 10,800
• Dollar is higher at 88.9 yen. Upside is at 90.6 yen  

• Crude oil is lower at USD76.
• Gold of USD1148, may have topped out at intraday high of USD1,152. Correction to USD1127 is possible.
• Ringgit recovers to 3.384, from the low of 3.40. It may have bottomed at 3.40, and is likely to gain to the 61.8% retracement level of 3.37 following the stronger than expected 3Q’2009 GDP growth, which improved to 1.2% contraction, compared to the 2Q’2009’s 3.9% contraction. Upside remains at 3.34.
• S’pore ringgit is firmer at 2.438. With a pullback support at 2.42, the long term upside is at 2.52.
• Malaysia market closed lower at 1274. With strong support at 1271, it is targeting yearend 1292, and 1300.
• CPO Dec futures is steady at RM2351. Upside is at RM2420.
• Today’s trading range is between 1271 and 1278.

 

Cross Border Trading Workshop - Kuching (26 Nov 2009)

CIMB are pleased to announce that there will be a FREE workshop on Introductory to Cross Border Trading organised by CIMB Investment Bank Berhadexclusively for all i*Trade@CIMB customers.

 

In this workshop, we will demonstrate the features to trade in the Non-Ringgit markets which include the Singapore Stock Exchange (SGX), Hong Kong Stock Exchange (HKSE), New York Stock Exchange (NYSE), NASDAQ and American Stock Exchange (AMEX).

 

This workshop will cover:-

 

·         Registering and activating your access

·         Stock search

·         Favourite list of stocks

·         Performing buy & sell

·         Charts

·         Research

 

Workshop Details:

 

Date	26th November 2009 (Thursday)
Programme	12:00 pm – Registration 12:15 pm – Introductory to Cross Border Trading 1:30pm – Q & A 1.45pm – End of workshop
Venue	CIMB Investment Bank Bhd Level 6 Wisma STA No. 26 Jalan Datuk Abang Abdul Rahim 93450 Kuching

 

Don’t miss this OPPORTUNITY to learn and maximize the full potential from our Cross Border Trading services.

 

Refer your friends and family to trade with CIMB during this tutorial and get CASH reward* (terms & conditions apply)

 

For registration, please contact us at 082-358688 or email harjinder.cheema@cimb.com not later than 25^thNovember 2009 (Wednesday). Registration is on a first-come-first-serve basis.

 

Market News - 20 Nov 2009

Wall St down 0.9%, tracking the dollar, which rose slightly. Weekly initial jobless claims, as expected,  at 505,000. Leading economic indicator up 0.3% in October, down from Sept’s 1.0%. However, manufacturing in the Philadelphia region expanded more than expected on the economic index, up 16.7 in Nov, from Oct’s 11.5. Dollar was higher; commodities down.

 

• Dow of 10,332. Resistances at 10,500, 10,800
• Dollar is recovering to 89.6 yen. Upside is at 90.6 yen
• Crude oil is lower at USD77, on USD76.8 gap support
• Gold of USD1141, may have topped out at intraday high of USD1,152. Correction to USD1127 is possible.
• Ringgit weakens to 3.38, on market talks of intervention to stem the rise, as exports have yet to pick up. However, the downside is limited to 3.40, ahead of today’s 3Q’2009 GDP, which is expected to improve to 2% contraction, compared to the 2Q’2009’s 3.9% contraction. Upside is at 3.36
• S’pore ringgit is firmer at 2.435. With a pullback support at 2.42, the long term upside is at 2.52.
• Malaysia market closed higher at 1276. With strong support at 1271, it is targeting yearend 1292, and 1300.
• CPO Dec futures is steady at RM2360. Upside is at RM2420.
• Today’s trading range is between 1271 and 1278.

 

Trend Analysis with MACD in Johor (22 Nov 2009)

CIMB are pleased to invite you to attend a FREE seminar entitled How to Track the Trend & Make Profits with MACD Indicator presented byChartNexus Pte Ltd and supported by CIMB Investment Bank Berhad in Johor.

 

The seminar will cover the following topics:-

 

·         Understand the fundamentals of a working Trading Strategy.

·         Learn how to use this MACD Indicator & MACD Histogram to identify the strength of the momentum, continuation of an up-trend & point of reversal and breakout.

·         Acquire the knowledge to trade in up, down or sideway market.

·         Learn how software can help you pick the next winning stock.

 

Details of the seminar are as follows:

 

Date	22nd November 2009 (Sunday)
Time	12.30 pm – Registration 1.00 pm – How To Track The Trend & Make Profits with MACD Indicator 3.00 pm – Account opening consultation
Venue	Paragon Hotel Diamond 5 – Level 6 18 Jalan Harimau Taman Century 80250 Johor Bahru

 

Come join us to learn about the secrets of simple yet effective trading strategies that you can apply in the current market trend.

For registration, please email evelyn.voon@cimb.com / amir.satar@cimb.com or contact us at 07-3537669 / 07-3537959 not later than 20^thNovember 2009 (Friday).

 

Market News - 19 Nov 2009

Wall St down 0.1%, after a surprise drop in home construction. Housing starts, the lowest in 6 months, down to an annual rate of 529,000 in Oct. CPI up 0.3% in October, higher than expected. Dollar was lower; commodities rose.   On Malaysia, Maxis listing today.

• Dow of 10,426. Resistances at 10,500, 10,800
• Dollar softer at 89.0 yen.
• Crude oil firmer at USD79, targeting USD84
• Gold of USD1141, may have topped out at intraday high of USD1,143. Correction to USD1131 is possible.
• Ringgit of 3.36, is stronger, ahead of Friday’s 3Q’2009 GDP, which is expected to improve to 2% contraction, compared to the 2Q’2009’s 3.9% contraction. Upside is at 3.36
• S’pore ringgit is firmer at 2.43. With a pullback support at 2.42, the long term upside is at 2.52.
• Malaysia market closed lower at 1275. With strong support at 1271, it is targeting yearend 1292, and 1300.
• CPO Dec futures is higher at RM2355, tracking higher crude oil. Upside is at RM2420.
• Today’s trading range is between 1271 and 1278.

 

Market News - 18 Nov 2009

Wall St rose 0.3%, as commodities rebounded, but the upside was capped by weak retailers. Retailers Home Depot and Target caution on earnings outlook. Wholesale inflation PPI was subdued, up 0.3% in Oct. Industrial production rose 0.1%, lower than expected, and down from Sept’s 0.7%. Dollar and commodities slightly up

• Dow of 10,437. Resistances at 10,500, 10,800
• Dollar unchanged at 88.9 yen.
• Crude oil unchanged at USD79, targeting USD84
• Gold hit USD1137 target. May have topped out at intraday high of USD1,143. Correction to USD1121 is possible.
• Ringgit of 3.36, is stronger. Upside is at 3.36
• S’pore ringgit is firmer at 2.43. With a pullback support at 2.42, the long term upside is at 2.52. S’pore exports, disappointed as it was down 6.1% in Oct, against an expectation of up 0.2%.
• Malaysia market closed higher at 1279. With strong support at 1271, it is targeting yearend 1292, and 1300.
• CPO Dec futures is unchanged at RM2311, tracking higher soybeans due to dry weathers in Argentina. Upside is at RM2340.
• Today’s trading range is between 1274 and 1286.

 

Market News - 17 Nov 2009

Wall St rose 1.3%, on extended low interest rates. US retail sales rose 1.4% in October due mainly to auto sales. Regional markets got a boost from Japan 3Q’2009 GDP, expanded 4.8%, higher than the 2.9% estimate. On Malaysia, focus was on market talk of Affin and Hong Leong, as Guoco increases stake in a major shareholder of Affin, Bank of East Asia, which has been raising the stake on Affin to 21%.

 

·         Dow of 10,406. Resistances at 10,500, 10,800

·         Dollar down to 89.4 yen.

·         Crude oil up to USD79, targeting USD84

·         Gold firmer at USD1,139. With support at 1121, upside is at USD1142

·         Ringgit of 3.36, is stronger. Upside is at 3.34-3.33.

·         S’pore ringgit is softer at 2.427. With a pullback support at 2.42, the long term upside is at 2.52

·         Malaysia market closed higher at 1278. With price gap support at 1271, it is targeting yearend 1286, then 1294.

·         CPO Dec futures is higher at RM2311, tracking higher soybeans due to dry weathers in Argentina. Upside is at RM2340.

·         Today’s trading range is between 1274 and 1286.

 

Market News - 16 Nov 2009

Wall St rose 0.7%, mainly on the dip of the dollar. Consumer sentiment unexpectedly drop to 66, from October’s 70.6. US Sep trade deficit rose 18.2%, largest since January, affected by the higher oil price. Dollar eased on comment from World bank president that US is limited in addressing the dollar weakness, and China said that yuan would not gain against the dollar.

 

·         Dow of 10,270. Resistances at 10,300, 10,500, 10,800

·         Dollar down to 89.8 yen.

·         Crude oil steady at USD76, targeting USD84

·         Gold firmer at USD1,116. Targeting USD1137

·         Ringgit of 3.38, is stronger. Upside is at 3.36. Support at 3.4

·         S’pore ringgit is firmer at 2.44. With a pullback support at 2.42, the long term upside is at 2.52

·         Malaysia market closed unchanged at 1270. With strong support at 1256, it is targeting yearend 1284.

·         CPO Dec futures is steady at RM2235, tracking higher soybeans due to dry weathers in Argentina. Upside is at RM2340.

·         Today’s FBM KLCI trading range is between 1266 and 1276.

 

Market News - 12 Nov 2009

·         Wall St up 0.4%. Prospect in regional markets is likely to improve following the strong economic data from China, and Japan. China industrial production rose 16.1% annual in October, with exports improving in October, down 13.8%, compared to Sept’s 15.2% drop. Japan machinery orders rose 10.5% in Sep, exceeding estimate of 4.5%. This weekend APEC meeting Singapore is likely to continue stimulus package. Commodities gained, and dollar eased.

·         Dow of 10,291. Resistances at 10,300, 10,500, 10,800

·         Dollar unchanged at 89.9 yen.

·         Crude oil unchanged at USD79, targeting USD84

·         Gold continues to rise to USD1,114. Targeting USD1137

·         Ringgit of 3.38, is stronger. Upside is at 3.36

·         S’pore ringgit is firmer at 2.442. With a pullback support at 2.42, the long term upside is at 2.52

·         Malaysia market closed lower at 1270. Upside is at 1281, 1294. Support is 1268 price gap.

·         CPO Dec futures of RM2220, on support at RM2100 price gap, is targeting the price gap of RM2340 of 1/9/09.

·         Today’s trading range is between 1265 and 1275.