February 2, 2015
Moses’ Stock Column
Just right at the start of the year,2015 the markets already have many happening. To recount, 1) January 15 SNB Swiss National Bank surprises all by removing the beg between Swiss Franc and Euro. This resulting the exchange rate shot up 30% at a knee jerk. 2) The following week, January 22 ECB European Central Bank sent the euro tumbling down for the eleven years low against US dollars bu unveiled the plan to buy government bonds worth 1.1 trillion euros or $ 1.3 trillion. 3) Immediately followed on Greek election results and ended a great deal of speculation regarding the repayment between Greek and its euro zone partners. 4) Last Wednesday, January 28 MAS Monetary Authority of Singapore will adjust its monetary policy to let Singapore dollars slow down the pace in appreciation.
So, what is next? Will see.
Singapore stocks benchmark, Straits Times Index closed at 3423.35 points. STI climbs to the highest level since May 2013. Can this be sustainable? Or this could be a Bull trap although all MAs pointing up except 100 MA slightly slop up.
Straits Times Index, STI Analysis
February 2, 2015 Straits Times Index, STI Daily
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Watch this space here, some great stock will be analyse here. See you more.
Moses
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