Philip Chua Business Blog

Posts Tagged ‘direction’

President Barack Obama said Friday that the trend in the labor market was heading in the right direction even though the economy shed more jobs than expected in December.

Employment – Government – Unemployment – Business – Business & Technology

Currency dealers watched US yields this week for clues on the direction FX trading would take in the first months of the new year. The dollar price action mirrored yields in the US two-year note all week: yields in the note climbed to test 1.18% early on, aiding the dollar,…

PENNY stocks were all the rage yesterday as trading for 2010 first got off to a slow start but picked up as the day wore on. The Straits Times Index, as always, depended on Hong Kong’s Hang Seng for direction, thus closing a nett 3.07 points weaker at 2,894.55 when the Hang Seng also closed marginally softer.

But it was in penny stocks that the real action was to be found and this was amply refl… more

The U.K. currency fails to break standard error channel upper line and swing back downwards. Technically the market shows us a clear downtrend with confirmation of indicators like RSI, which is in a bearish direction, MACD crosses the signal downwards, and Bollinger gives us a selling signal by closing the…

SINGAPORE stocks struggled for direction in a muted day of trading yesterday, even though the market briefly touched a year-high early in the trading day.
For the most part, however, the benchmark Straits Times Index (STI) danced around the psychologically key 2,800 mark in what is turning out to be a typically quiet December season.
The general mood was lethargic as some fund managers had closed … more

SOME 13 months ago, just after Lehman Brothers went bust and stocks all over the world were crashing, many fingers of blame were pointed in the direction of short-sellers – particularly those of a naked persuasion.
Such sellers were those who had no shares in their possession but sold anyway, as opposed to ‘covered’ short sellers who borrowed scrip to cover their sales.

In the world of high fina… more

The U.K. currency gives us a rebound signal after forming a higher high. Technically the market change its trend as we can see strong demand in the market, based on technical indicators like RSI, which is in a bullish direction, MACD crosses the signal line and is pointing upwards and…

INVESTORS were in a holding pattern yesterday, keeping their powder dry until the deluge of profit results from America’s corporate giants lands on the market later this week.
The signals from the United States last week were mixed and the flat market yesterday mirrored the lack of investor direction.
Big gun banks Goldman Sachs and JPMorgan Chase easily surpassed expectations early last week, but… more

Reuters – Bruce Wasserstein, the legendary Wall Street deal maker identified with an era of no-holds-barred takeover battles, has died at the age of 61. His death leaves major questions about the future direction and leadership of Lazard Ltd., the investment bank he headed.

STOCKS here regained some ground in volatile trading yesterday after Monday’s bruising losses, though there was no clear indication of the likely direction for the rest of the week.
The Straits Times Index (STI) finished 21.74 points or 0.9 per cent higher at 2,567.72, reversing part of the losses suffered on Monday, when the index slid 3.3 per cent amid a worldwide slump in equity prices.
Elsewhe… more