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.
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