Tuesday, May 1, 2012

Market Pulse



Ringgit just went below 3.05 support level. It is 3.024 now.





Stock market and USDMYR had a perfect negative correlation for the last few months. With Bersih Rally is over, KLCI should be marching towards 1600 level again supported by the strengthening trend of Ringgit. The carry trade shall continue due to the differences in interest rate in Malaysia and US and Euro. It is good opportunity to long FKLI until just before the GE 13.





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