Monday, December 06, 2010

Morning start...fkli firm 1500- 03, fcpo firm 3530-50

US Fed's Bernanke says may try more easing beyond QE2 and it will take 4-5 for empolyment to recover or become normal. US$ weak.

8.25: Dj futs +12. Regional mixed, flat, FX-effect play. NK -0.2%. Commodity strong on weak US$. CO +1.5% GOLD at record on inflationary fear...again.

fkli : strong RM...likely a boost than a drag for our mkt. But, internal momentum weak after Fri, upside if fbm can > 1503....back to 1500-10 tight range ahead of holiday tomorrow. fkli seen at 1500-05 if fbm> 1500.

fcpo : SO +1.2%. fcpo seen stuck within 3500-3550. Upwar-bias if > 3500-10. Dwside risk seen at 3440 if 3500 breaks.

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