Wednesday, October 20, 2010

Morning start...fkli weak 1482-1485 fcpo weak 2900-05

DJ -165 , amid reports that a group of bondholders are trying to force Bank of America to repurchase bad mortgages. Investors also weighed a surprise rate hike by the Chinese government, ...CNN. Europe near -1%.


8.25 DJ futs -30. Regional between -1% to -2%. Commodity slumps on improved US$. CO -4% GOLD -3%. Focus on China opening at 9.30am after a surprise rate hikes. -ve in short run but +ve in long run.

fkli : back to 1480. no 1500 today, but seen maintaining its sideways stance and holding above 1480 immediate support today.

fcpo : SO -2%. tug-of-war at 2900 is expected but -ve tone if , 2920. 2880-2930 trading range with lower band bias.

No comments:

Post a Comment