Wednesday, August 03, 2011

Morning start...fkli weak 1543-45 fcpo firm 3130-40

dJ -250, stocks plunged on Tuesday as fears about a weak U.S. economy were enflamed after investors got another disappointing economic report - this time on consumer spending

regional near -2%. Commodity mixed. CO -1%. Gold at record high. US$ strong, 10-y bond strong. demand, yield dw.

fkli 1540 is back in play, 40-50. Knee jerk under 40 yes, ttowards 36, but likely to finish the day within 40-45 range. Under 45 is bearish

fcpo SO +1% back to upper range but a breakout higher given equity lousy tone ?. US$ stronger by almost 1% against RM, a favor bias to the bulls. 3130-3160. Above 30 is bullish.

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