Reply to @not3 : bad news...
It is not whether the number is positive or negative.
Negative news can send index up just as positive news can sent it up
.
why?
.
Expectations....if it is below expectation, index down
If it is above expectation even if bad news, index up
.
Unemployment was expected to remain 3.6....but it has gone to 3.7, below expectations, bad news
STI spent the whole week within the range of the previous rally's huge gap down. What to do? STI opened above its bull channel extended top but as banks got sold down heavily, it can only retrace and then closed in negative.
THE BUSINESS TIMES - "THE local bourse finished the session lower with investors getting ready for Friday's release of US jobs data, which is expected to guide market expectations of the degree of the US Federal Reserve's dovish stance.
Singapore's Straits Times Index (STI) closed at 3,366.81, down 5.44 points or 0.2 per cent on Friday. On the week, the benchmark index is up 45.20 points or 1.4 per cent from last Friday's close of 3,321.61.
... "If Friday's non-farm payroll report comes in with a big miss, it might catalyse some short US dollar activities as it not only signals weakness in the fundamentals, but will also urge the Fed to take on accommodative monetary policies. On the other hand, if the jobs data beats expectations and is on the upside, the reverse is likely to happen and the US dollar may jump," CMC Markets analyst Margaret Yang said..."
Thursday, 4th July 2019
Thursday, 2019.07.04-STI Updates & Charts
STI par gains made to retrace back below its bull channel extended top, leaving a shooting star candlestick, following 2 days of hanging man candleticks.
The Business Times- "... The Straits Times Index (STI) finished 4.45 points or 0.1 per cent higher at 3,372.25... Singapore real estate investment trusts (Reits) continued to be in fashion despite "expensive" valuations. Investor interest was still high, thanks to dovish central banks and in the case of the local market, the prospect that Reits could see their current leverage limit of 45 per cent raised in future. The iEdge S-Reit 20 Index added 0.5 per cent.
A raise in the leverage limit might enable Singapore Reits to better compete against private capital and foreign Reits when making real estate acquisitions.."
Read more :
https://www.businesstimes.com.sg/stocks/si...
Job data out. Very positive. USD up, chances of rate cut down?
Reply to @not3 : bad news...
It is not whether the number is positive or negative.
Negative news can send index up just as positive news can sent it up
.
why?
.
Expectations....if it is below expectation, index down
If it is above expectation even if bad news, index up
.
Unemployment was expected to remain 3.6....but it has gone to 3.7, below expectations, bad news
Friday, 2019.07.05 - STI Updates & Charts
STI spent the whole week within the range of the previous rally's huge gap down. What to do? STI opened above its bull channel extended top but as banks got sold down heavily, it can only retrace and then closed in negative.
THE BUSINESS TIMES - "THE local bourse finished the session lower with investors getting ready for Friday's release of US jobs data, which is expected to guide market expectations of the degree of the US Federal Reserve's dovish stance.
Singapore's Straits Times Index (STI) closed at 3,366.81, down 5.44 points or 0.2 per cent on Friday. On the week, the benchmark index is up 45.20 points or 1.4 per cent from last Friday's close of 3,321.61.
... "If Friday's non-farm payroll report comes in with a big miss, it might catalyse some short US dollar activities as it not only signals weakness in the fundamentals, but will also urge the Fed to take on accommodative monetary policies. On the other hand, if the jobs data beats expectations and is on the upside, the reverse is likely to happen and the US dollar may jump," CMC Markets analyst Margaret Yang said..."
Read more:
https://www.businesstimes.com.sg/stocks/si...
Find charts and update here:
https://martinseah.blogspot.com/2019/07/20...
$STI(^STI.IN)
Thursday, 4th July 2019
Thursday, 2019.07.04-STI Updates & Charts
STI par gains made to retrace back below its bull channel extended top, leaving a shooting star candlestick, following 2 days of hanging man candleticks.
The Business Times- "... The Straits Times Index (STI) finished 4.45 points or 0.1 per cent higher at 3,372.25... Singapore real estate investment trusts (Reits) continued to be in fashion despite "expensive" valuations. Investor interest was still high, thanks to dovish central banks and in the case of the local market, the prospect that Reits could see their current leverage limit of 45 per cent raised in future. The iEdge S-Reit 20 Index added 0.5 per cent.
A raise in the leverage limit might enable Singapore Reits to better compete against private capital and foreign Reits when making real estate acquisitions.."
Read more :
https://www.businesstimes.com.sg/stocks/si...
Find other updated charts and tables at :
https://martinseah.blogspot.com/2019/07/20...