Thursday, February 25, 2010

Morning gossip...fkli strong fcpo strong

DJ +90/+1% as Federal Reserve Chairman Ben Bernanke again pledged to keep interest rates low for the foreseeable future, reassuring investors worried about the outlook. Europe up +0.5%

8.15 : DJ futs -5. Regional up +0.5%. Dollar lower on Fed pledge to keep R% low. Therefore, commodities jump

Fkli : can both fbm.fkli finish above 1270 in Feb? with encouraging exernal today, the only concern is profit take. Hopefully not. Looking at 66-73 range, with upward-bias tone. Feb seen starting within 70-75 range.

Fcpo : SO near 2%, recover yest losses and posting mild gains. The fate of commodity also in the hand of Feb so far this year. May is back to 2620++ for start, up about RM30 to RM40 with the current soyoil lvl. However, its unlikley to breakaway from the recent resistance. Just neutralising yest -ve.

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