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firewood
Master |
10-Dec-2010 21:45
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Aiyo, better dun let cannotfind see this. Wait he faint again
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Gaecia
Elite |
10-Dec-2010 21:44
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http://www.reuters.com/article/idUSTRE6B919920101210 | ||||||||||||||||||||||||||||||||||||||||
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firewood
Master |
10-Dec-2010 21:43
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FOREX-Euro steady, Aussie gains after China reserve hike On Friday 10 December 2010, 20:51 * Euro steady; worries on Ireland, wider debt crisis weigh * Aussie gains after China raises banks' reserve requirement * Relief that China did not raise interest rates helps risk By Jessica Mortimer LONDON, Dec 10 (Reuters) - The euro held steady against the dollar on Friday while the Australian dollar staged a relief rally after China increased the reserve requirement for banks but kept interest rates on hold. The Aussie -- which is most sensitive to monetary tightening in China given Australia's close trading links with the country -- dipped briefly after Beijing increased the reserve requirement by 50 basis points. [ID:nTOE6B907U] But it soon pushed back up, taking the euro and other perceived higher risk currencies with it on relief that China had not opted to raise interest rates as well given another jump in Chinese exports last month. [ID:nL3E6NA0GA] "In recent weeks people have been talking about the possibility of a rate hike in China," said Niels Christensen, currency strategist at Nordea in Copenhagen. "Given they only announced a reserve requirement hike we are seeing a bit of a relief rally as it has given a small boost to risk appetite. This has especially helped the Aussie and the New Zealand dollar." The euro underperformed, however, holding up against the dollar but falling against other currencies, including sterling and the Swiss franc on lingering concerns about peripheral euro zone debt. The euro was 0.1 percent higher at $1.3253 , staying above a low of $1.3164 on trading platform EBS on Thursday. Traders cited option expiries at $1.3250 later in the session. Sentiment towards the euro was shaky after Moody's said on Thursday it may downgrade the ratings of some Portuguese banks. [ID:nWNA6521] The announcement followed Fitch's earlier decision to slash Ireland's rating by three notches. [ID:nLDE6B81AH] Ireland's government will seek parliamentary approval for an 85-billion-euro IMF/EU rescue package next week, though there were concerns about political infighting as the opposition Labour Party pledged to vote against it. [ID:nLDE6B81XS] Traders say no end is in sight for the debt crisis with European leaders now clashing over the idea of joint euro zone bonds. [ID:nLDE6B70R1] French President Nicolas Sarkozy met German Chancellor Angela Merkel on Friday to prepare a joint position for next week's EU summit. [ID:nLDE6B823X] Merkel said on Friday there was no question of boosting a euro zone financial safety net and reiterated her opposition to the issue of joint euro bonds. [ID:nBAE003860] "Currently the market appears reluctant to aggressively short the euro suggesting that the politicians have a lot to live up to next week," said Jane Foley, senior currency strategist at Rabobank. AUSSIE GAINS The Australian dollar rose 0.4 percent to $0.9883 , recovering after a brief dip to around $0.9845 after China's announcement. Analysts warned, however, that a China rate rise was still possible as the country battles to stem rising inflationary pressures. "Everyone is on watch for China, especially ahead of the CPI figures this weekend," said Jeremy Stretch, currency strategist at CIBC. "Rumours are that CPI could be north of 5 percent; if that's the case it will underline the scale of the inflation problem. I wouldn't want to go home too long on the Aussie." The dollar <.DXY> index, which tracks the greenback's performance against a basket of major currencies, dipped 0.2 percent to 79.936, struggling to break through the 80.00-81.50 barrier that capped its November rally. The dollar index was off a high of 80.405 reached earlier this week as healthy demand at a 30-year auction of U.S. Treasuries on Thursday pushed U.S. yields down. Against the Japanese currency, the greenback was down 0.2 percent at 83.50 yen with stops lined up below 83 yen. The dollar's repeated failure since late last month to take out resistance around 84.40 yen is encouraging many traders to take profits near that level, leading to expectations that its 83.50-84.50 range will persist for now. (Additional reporting by Naomi Tajitsu and Anirban Nag; Editing by Susan Fenton) | ||||||||||||||||||||||||||||||||||||||||
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Gaecia
Elite |
10-Dec-2010 21:37
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It means, imposing measures to curb banks' credit lending ability (up reserves) and restrict capital flows into money markets. i dunno how to simplify. Anyway whatever we say, feel or think has no effect on the market at all. We can only find out the outcome from SSE and HSI come Monday morning. As for US, not sure this news is indicative & juicy to them.
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iPunter
Supreme |
10-Dec-2010 21:30
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Great tools for relaxational purposes... Click (Always use Stereo headhones)... |
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firewood
Master |
10-Dec-2010 21:28
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Ermmm, wait, better dun trust me. I am no expert. Wait for the expert to comment. Wait like yesterday i say GSP refinance is good end up today black candle | ||||||||||||||||||||||||||||||||||||||||
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iPunter
Supreme |
10-Dec-2010 21:27
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Great tools for relaxational purposes... Click (Always use Stereo headhones)... |
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firewood
Master |
10-Dec-2010 21:26
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Confirm no rates hike. Only reserve rates. Good?
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elton81
Master |
10-Dec-2010 21:24
Yells: "$$ very hard to earn :(" |
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So it's good? Confirm 1/2 liao? Mai make me happy hor lol
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Gaecia
Elite |
10-Dec-2010 21:08
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epl, I do find it stressful dealing with you whether cheeky or non cheeky side. I'm not good at interpreting transaction orders done. Had not expected you to act on my words. From today's EOD intraday chart OCBC closes with a seeming dragonfly doji, you can see the ending price is right at the top meaning the bulls closed strong today. You will see from this week's candlesticks ocbc is trending sideways with Tues, Wed and Fri giving a firm support 9.70 onwards. A sideway phase is typically marked with both red and black candles until the market (bulls and bears) concludes for reversal (upward or downward). The reason why I expect ocbc to fluctuate from 9.70 range on Monday is because today (Fri) is not bullish reversal day. Simply because the % D stochastic line hasn't turned down. Monday if it does a sideway candle we will see 9.72 otherwise IF bullish reversal, institutions can still push price further to lower support level for short covering. It will move up very fast from there, do q your order early today if you want to buy in at similar price (that is if you bet on ocbc going up). The % k line is currently at mid level, ultimately you will hav to decide whether its up or downtick. Personally I'm observing STI closely and usd, to give me a lead on whether head and shoulder formation is in the making near term. I'd posted here just days ago and asked Bladez to lookup the charts in case he plans to act irrationally (jump buy, wat else?). Most of you probably didn't see it because it wasn't some kind of chiong news. Anyway i can be wrong in my thinking, pls pls disregard if you opine otherwise. Alright, this is finally done! i'm gonna need some real rest this wkend, u guys carry on the show here. ;p
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firewood
Master |
10-Dec-2010 20:44
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Phew peeps, we breezed thru today. China no rates hike! Now waiting for confirmation on US tax.
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watermelon
Veteran |
10-Dec-2010 20:00
Yells: "A bird in the hand is worth two in the bush." |
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Ku De Ta , a globally recognised lifestyle destination that's been voted one of the "Top 10 Global Hotspots" by The New York Times. Its observation deck that boasts a breathtaking, unobstructed, 360 degree view of the city skyline. Plus , all three outlets are integrated seamlessly so you can go from dinner at the restaurant to the poolside terrace for a few drinks before ending the night on a high note a the club. Ku De Ta is at Sands Skypark , Marina Bay Sands. Tel : 66887688
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firewood
Master |
10-Dec-2010 19:39
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China raises bank reserve requirement ratio Posted: 10 December 2010 1843 hrs BEIJING - China's central bank said Friday it would increase the bank reserve requirement ratio by 50 basis points, the sixth such move this year as Beijing ramps up efforts to curb inflation. The People's Bank of China said in a one-line statement on its website that the increase in the reserve ratio -- which effectively limits the amount of money banks can lend -- would be effective December 20. The widely anticipated step by the central bank comes amid growing fears among the country's top leaders that rampant bank lending is fanning inflationary pressures in the world's second-largest economy. - AFP/ir | ||||||||||||||||||||||||||||||||||||||||
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icetomato
Elite |
10-Dec-2010 19:20
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You went Ku De Ta before? The food there nice or not?
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cannotfind
Elite |
10-Dec-2010 19:12
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A SINGAPOREAN who lost S$1.8mil (RM4.14mil) in gambling at two casinos in Singapore for three days and nights is being sued for S$240,000 (RM574, 819). Sin Chew Daily, which identified the man as Ong Boon Lin, the son of a nasi lemak chain-stall owner, quoted him as saying that he was not a gambler until he visited the casino with his friends. It reported that Marina Bay Sands Casino resorted to court action after it failed to obtain the money from Ong. | ||||||||||||||||||||||||||||||||||||||||
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firewood
Master |
10-Dec-2010 18:50
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True true.
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eastcivic
Elite |
10-Dec-2010 18:47
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lol PR more important or profits from stocks more important? ;p
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elton81
Master |
10-Dec-2010 18:39
Yells: "$$ very hard to earn :(" |
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Earning keep in pocket = earn liao be happy ba
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firewood
Master |
10-Dec-2010 18:37
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Nice :)
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elton81
Master |
10-Dec-2010 18:37
Yells: "$$ very hard to earn :(" |
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Poems protrader? Times and sales? Market depth?
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