Philip Chua Business Blog

Posts Tagged ‘view’

The Europeans are determined to take care of their own; or to discipline their own, depending on your view. But the degree of pain and denial that Germany and France are demanding of Greece is of a level that neither government would inflict on their own citizens. The German Chancellor…

With a clean violation of its July 08’09 low at 1.3831 and the 1.3747/33 levels, its Jun 16’09 low/.50 retracement(1.2328-1.5143 rally) established, risk of further weakness has scope towards the 1.3422 level, its .61 Fib retracement/May 18’09 low at 1.3422/09. However, our bearish view on EUR may be tempered with…

AMID the general optimism over equities in Asia and the emerging markets, strategists at Barclays Wealth have sounded a note of caution over valuations in Asia. This runs counter to the consensus view that Asian growth is set to outstrip that of developed economies – a point that isn’t in dispute – and that market weakness is a buying opportunity.

Says Aaron Gurwitz, Barclays Wealth managing di… more

It looks like disclosure rules that take effect with this year’s proxies from big companies will provide the most accurate view ever.

The economy is still shedding jobs, but at a much slower pace than earlier this year, the government reported. That bolsters the view that the economy is making a slow but steady recovery.

SOME of the excitement which has been missing from the local stock market during the first two days of this week returned yesterday with a bang when investors bought in anticipation of an earnings-driven Wednesday rise on Wall Street. They formed this view based on developments on two fronts – a 2 per cent jump in the Hang Seng Index and a 90-point rise in the December futures contract on the Dow … more

Having closed higher the past week reversing its previous week losses and rallying through its minor resistance at the 1.4720 level, its Sept 28’09 high, risk has now turned higher for a retarget of its YTD high at 1.4844. This view is consistent with its broader medium term uptrend and…

Having closed higher the past week reversing its previous week losses and rallying through its minor resistance at the 1.4720 level, its Sept 28’09 high, risk has now turned higher for a retarget of its YTD high at 1.4844. This view is consistent with its broader medium term uptrend and…

Last week we stuck to our view that the first rate hike by the RBA will not be until February next year. That was despite market pricing anticipating 2 rate hikes by December. We noted, “We know that the RBA assesses current rates to be too low (at emergency levels)…

Although a back off higher prices was seen the past week after EUR torched a high of 1.4405, while it continues to hold above its MT rising trendlineodds for more upside gains remain. This view still puts the 1.4444 level, its Aug 03′09 high under pressure where a break higher…