Friday, December 8, 2017

Dec[4] - Market Update

Singapore:  
STI has been edging downwards since last Monday, but managed to bounced up on last trading day. Coming to last month of 2017 with holiday seasons around the corner, it could be a quiet month ahead. Outperforming trade data from China and tightening labour market result from US boasted market confidence meanwhile. Last FOMC meeting from Yellen falls on next week. Latest decision on its monetary policy could be last decisive factor to market for the year. 3341 seems to be strong support for STI, while it is try to test resistance ~ 3450.
 
Market Calendar on coming week:  
(SG: Singapore; CH: China; US: USA)

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