Coming to Penang: The Golden Investment Opportunity of Pre-General Election
After a successful event in Johor last weekend, we are heading north to Penang this weekend to bring the hot selling event, "The Golden Investment Opportunity of Pre-General Election" to your doorstep. Our expert speaker Mr. Alfred Chen will be joined by another expert speaker, Mr. Winson Hoo, who has also given numerous talks at our events.
This time around, our speakers will reveal investment opportunities that you can seize now with the upcoming 13th General Election and how it will affect the stock market. Also, you will get tips on how to select potential stocks when KLCI reaches 1600 points and the speakers' expert insights on the current situations of US economy and the Europe debt crisis.
This event is held this Saturday (May 19, 2012) at Berjaya 1 Room, Level 7, Berjaya Penang Hotel, 1-Stop Midlands Park, Burmah Road, 10350 Georgetown, Penang from 2.00pm to 6.30pm. Be...
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Gold and Oil Markets Report – 14 May 2012
The US dollar index rose last week and punted down on oil and gold prices. Iraq says it will double the oil production output by 2015 and this will overtake the Iran as OPEC's second largest producer at end of this year. This adds pressure to lower oil prices and Gold has been liquidated in international markets after Europe returns in debt crisis tension.
Crude Oil
WTI Crude prices came off to 95.50 regions as we forecast last week in weak technical trend. The market may face some short-covering in coming early week but resistance has shifted lower to 98.00 levels. While the market may swing between 95.00 – 98.00 ranges in some consolidation, we shall open our next lower target at 92.50 regions should the bears take control after mid week.
Gold
Gold prices have been reduced to 1570.00 regions as suggested last week. Moving forward, we reckon the market sentiment will...
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The Euro Debt Crisis Intensifies Again
A guest post written by DAR Wong
Currency Market Observations – 14 May 2012
Fundamental Outlook
The US economy remains flat while Europe resurges in crisis tension. Japan pledges to increase the currency liquidity should financial turmoil returns. The UK economy slumps in fatigue with retail sales and construction both sinking. Bank of England (BOE) stands on alert to add stimulus for fighting the slowdown in case the crisis spreads.
The US wholesale inventories rose 0.3 percent in March after followed 0.9 percent gain in prior month. Jobless claims dropped 1,000 filings to 367,000 in the week ended 5 May. Employment remains unsteady with consumer spending contracting.
The trade deficit widened more than forecast in March when trade gap grew 14 percent to USD51.8 billion. Imports jumped for foreign hardware and automobiles. Another report on producer price index slid 0.2 percent in April after no change in March, led...
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Event in Johor: The Golden Investment Opportunity of Pre-General Election
It's time for Johor! This time around, we are heading south for the hot selling event, "The Golden Investment Opportunity of Pre-General Election". Joining us in Johor this weekend are two expert speakers, Mr Gan Min Soo and Mr. Alfred Chen that will reveal investment opportunities that you can seize now with the upcoming 13th General Election and how it will affect the stock market.
Also, you will get tips on how to select potential stocks when KLCI reaches 1600 points and the speakers' expert insights on the current situations of US economy and the Europe debt crisis.
This event is held this Saturday (May 12, 2012) at Grand Paragon Hotel, 18, Jalan Harimau, Taman Century, 80250, Johor from 2.00pm to 6.30pm. Be sure to come early as registration is opened at 1.30pm. Admission is FREE to all OPF clients.
For more details, head over the event page
The US Payrolls Rise At Minimal Growth
A guest post written by DAR Wong
Currency Market Observations – 07 May 2012
Fundamental Outlook
The US payrolls shrinks again while jobless claims lessens due to contracting offerings in employment. American economy stagnates together with the Eurozone moving into recession at highest unemployment in past 15-year record. UK housing persists and slows down though policymakers still believe economic recovery is underway.
The US Institute for Supply Management-Chicago Inc. reported its business index decreased to 56.2 in April from prior month 62.2 and indicated slowdown in manufacturing. Another service index from this same institution on non-manufacturing sectors slid to a 4-month low 53.5 from 56 in March. Both readings indicated the slowdown in economic recovery.
The American consumer spending increased 0.3 percent in March that was same as forecast while factory orders fell 1.5 percent after a revised 1.1 percent gain in February. On Thursday, jobless claims dropped 27,000...
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Gold and Oil Markets Report – 07 May 2012
Crude prices began to fall in mid last week after Europe declared slowdown in demands. Friday release of contracting payrolls in US economy further hammered the crude prices to below 100.00 benchmarks for closing as investors lost confidence on the road of economy.
Crude Oil
WTI Crude prices sank to 100.00 levels as we predicted last week from our prone bias to bearishness. This week, we reckon resistance will emerge at 100.70 – 101.00 regions for many long traders to unwind their positions. The market might probably drill lower to attempt the 95.50 supports before short-covering surfaces. Therefore, we expect the range to stretch from 95.00 – 101.00 regions in coming week.
Gold
Gold has adhered to the bearish outlook of technical trend since it could not conquer above the 1650.00 resistance. Market fizzled out at 16710.00 regions last week from slowdown in European economy and cooling down in U.S. recovery. This week,...
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Popular Futures Contracts [INFOGRAPHIC]
There are many types of futures contracts being traded in various exchanges around the world. These futures contracts can be categorized as commodities futures, energy futures, precious metal futures and index futures, depending on their underlying instruments.
In the infographic below we list 19 futures contracts that are the popular choice for many futures traders.
Gold and Oil Markets Report – 30 Apr 2012
Crude prices remain jittery while on weaker side after Europe followed into the worrisome news of Spain's downgrade in credit rating. The remarks of U.S. FED chairman Bernanke on eagerness to add stimulus in supporting the economic recovery has put the dollar at bay while reversing up the Gold prices.
Crude Oil
WTI Crude was making small range of consolidation last week while capped below 106.00 resistances. This week, breaking and settling above 106.00 levels will attempt 108.50 levels if global demands rise unexpectedly. Otherwise, the technical outlook of natural strength is still prone to weakness that may sink to 100.00 benchmarks. Shorting from topside prices above 105.00 levels may be a better trading opinion with well-controlled risk management.
Gold
Gold is reacting to Bernanke's remarks of possible QE3 policy while market trend is still digesting it in bullish sentiment. The market climbed above EMA200 and 1650.00 levels last week which signaled strong buying...
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S&P’s Agency Downgrades Spain
A guest post written by DAR Wong
Currency Market Observations – 30 Apr 2012
Fundamental Outlook
The US economy deteriorates in contracting new home sales and durable goods orders. FED chairman Bernanke reiterates of aiming to support with more stimulus programs while keeping interest rates at bay. Eurozone debts rise to record high in 2011 since it started and Spain is downgraded in credit rating. UK slips into recession after GDP for Q1 slid 0.2 percent.
The US new home sales rose to 328,000 annual rates, making a 7.1 percent decline from revised rising figure of 353,000 pace in February. The Conference Board's measure of consumer confidence dropped to 69.7 in April from prior month 70.2. Amid shedding confidence of investors, FED Chairman Ben S. Bernanke said the central bank is on standby mode to add more stimulus if necessary even while leaving the existing low interest policy....
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