Monday, August 09, 2010

Morning start..fkli softer 1360-63 fcpo softer 2650-60

DJ -21 lower on more job loss than expected but sharply off lows too. Europe -1%. This week, FOMC meeting on Tues will be the main focus.

8.15 : DJ futs -17. Regional within -00.5% to -1%. Commodity weaker tone despite weak dollar on economy recovery concerns amid softer job data. CO -1.5%. GOLD +1%, back above $1200 mark


fkli : softer tone, with tug of war 1360 again but this time, dwside risk is much greater, targeting 55-60. fkli strong support is seen at 1358. fkli will remain sluggish if fbm < 1364.

fcpo : SO marginally lower -0.2%. Risk of a pullback towards 2620 if fcpo trades under 2660.

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