Philip Chua Business Blog

Posts Tagged ‘bounce’

FIRST, the good news. Singapore’s economy has moved beyond the initial post-crisis bounce of growth and will continue to expand as genuine demand begins to stabilise around the world.
But Singaporeans must prepare for a ’slower and steadier’ pace of expansion next year than they are used to, said the Monetary Authority of Singapore (MAS) yesterday.

Even though Asian economies have recovered stro… more

Taking fright at 88.00, ahead of January’s low at 87.10, a level that held miraculously some might say. This latest bounce will probably be capped around 91.50 and while below 92.55 we continue to favour a series of cautious downside tests of key support between 87.00 and 1995’s 85.00 (below…

(SINGAPORE) Third-quarter earningscould signal the upswing of the pendulum, as analysts scour for signs that recovery in corporate Singapore is on its way.
But the bounce in earnings this time is not expected to beat the sharp recovery following the 1998 Asian financial crisis, analysts note.
‘It’s more about the general impression than the absolute numbers,’ said Chan Tuck Sing, dealing director … more

One of the lowest weekly closes this year sent the dollar tumbling against the Yen in Asia this morning. This month we expect a test of the 87.00 area, a level that held miraculously in December and again in January. The bounce from today’s low at 88.23 is impressive, but…

Following last week’s preliminary signals that risk assets may be stalling, this past week saw stock markets lose ground, key commodities reverse gains, and the USD bounce after testing key support levels. To be sure volatility remained high during the week, with new risk highs being made, but weekly closing…

Price action in August appears to have formed a new interim high at 97.79, with a decent reversal candle (shooting star?) on the monthly chart. Last week’s bounce ahead of July’s low at 91.73 suggests we shall hold above this increasingly important chart area (down to 91.50) for another week…

With many of the major equity indices hitting new highs for the year, it seems optimism abounds about prospects for global recovery. The improvement in risk sentiment and the associated bounce in equities have been impressive – driven higher by better-than-expected US earnings results, improved economic data and growing hopes…

THE recent upward march in equities ran into a bit of resistance yesterday when a bounce in Hong Kong reversed in the afternoon session, coinciding with the weakening of the US futures market. These developments suggested a weak Tuesday for Wall Street and thus brought the Straits Times Index down from its intraday high of 2,469 to its final reading of 2,454.33, a nett loss of 1.82 points on the d… more

SINCE the end of March, this column has advised readers to play the bounce in equities as if the economic recovery is going to be V-shaped, but to bear in mind that it would most likely be some other shape, probably a W or extended L.
A few weeks ago, when signs of strain in the market started to appear, the theme was ‘the trend is your friend – until it bends’, a not- too-subtle reference to the… more

The CIA, which was plagued with low morale after failing to prevent the Sept. 11, 2001, terrorist attacks, has seen a bounce in its reputation as recruits seem to be clamoring to join.