Markets all over the world rebounded last week after moving into a bullish trend correction in the last two weeks. A month ago, the Europe market, benchmarked by the FBMKLCI breaks out from a correction when the index was at 1,200 points and went as high as 1231.49 points before pulling back to test the [...]

The pace of contraction in exports from the level a year ago eased at   —19.8%YoY (Jul-09: -22.9%YoY) but the pace of contraction in imports rose to a sharper —18.6%YoY (Jul-09: —16.2%YoY). Signs of a strong recovery are not yet evident. We have previously said that we shall have to wait out Sep-09 before a more [...]

The Asian property sector started slowing down sometime in 2007 and remained weak in 2008 due to the slowdown in the global economy and the cautious state of investors after the crash of the United States housing market. The meltdown resulted in the collapse of several large banking and financial institutions in the United States [...]

Maybank together with other global financial stocks had a tremendous rally from its March low of R M3.54 to its recent high of RM6.15. However the recent uptrend may be showing signs of exhaustion as ADX had begun to move downwards in addition with a bearish divergence seen in the RSI. Be on the lookout [...]

Bernard Madoff – former chairman of the NASDAQ stock exchange, ‘made off’ with approximately USD65 billion of unsuspecting victims’ hard earned money before being sentenced to a 150-year jail term for his crimes. While some may find comfort in the fact that he will be kept behind bars, nothing can fully remedy the financial loss [...]