Trump-Kim Summit

Trump- Kim Post Summit – [ STI Updates, Surpassing Expectations]

Kelwin & Roy Straits times index , , , , , , ,
18th June, 2018, 8:16 AM

Trump- Kim Post Summit – [ STI Updates, Surpassing Expectations ]Straits Times Index 18th June 2018

Chart Source: Poemsview: 18th June 2018
Image source: independent.co.uk

Straits Times Index took a beating post Trump-Kim Summit as the impact on our Straits Times Index was minimal as anticipated.

The issue of interest rate rising, on going trade wars are more impactful as compared to the summit.

As explained from our previous post, we would be looking out more on the recently Fed meeting and China and US trade war.

Fed Increased interest rates over the week and signalled for another 2 more for 2018 taking it to a total of 4 times for 2018 which is one more time more than the expected 3. This shook the markets a little too.

Over the weekend, Trump slapped up to $50 billion of tariffs on China goods and in retaliation China returned the favour with tariffs on US goods of up to $50 billion too.

As for our Straits Times Index, we broke the 200ma and started heading down surpassing our expectation of 3397

We closed at 3356 and might even see 3340 and even 3313 if our market remains weak.

As you can see, most of the counters we been mentioning are for short and to have CFD to short is critical.

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Humbly

Kelwin&Roy

 

Trump-Kim Summit – [ Impact On STI]

Kelwin & Roy STI, Straits times index , , , , , , , ,
11th June, 2018, 8:15 AM

Trum-Kim Summit – [ Impact On STI]

Photo Source: intellasia.net
Chart Source : Poemsview 11th June 2018

The highly anticipated Trump-Kim Summit is finally going to happen on the 12th June 2018.

A little like a korean drama where the summit was moving on as planned, got cancelled and finally it’s going to happen.

Both Donald Trump and Kim Jong-un are in Singapore along with thousands of journalist covering this historic event.

With regards to the impact on our local markets, this significant event might not have that much of  an impact on our markets. Most are expecting a successful summit between President Donald Trump and North Korean leader Kim Jong-un but wouldn’t expect a very detailed plan on the denuclearization on North Korea’s part.

Most would expect a positive spin on the summit which could lead to further discussions. What might be negative is that talks break down and nothing is achieved.

What might impact the market more would be the upcoming Fed meeting ending Wednesday which market are expecting Fed to increase rates.

Trade Wars headlines could continue to rattle the markets. With the trade war going on, this could continue to bring uncertainty to the markets.

World Cup is starting on 14th June at 10pm which also could have some impact on the markets.

Overall, given June is a quieter month given its the June holidays where most traders are away with their families, we could see STI having some swings as volatility continues to take center stage. With lighter volume this increases the chance of bigger swing.

We might See STI heading down to reach our lower support and only when it breaks out of the downtrend line then we might be more convinced of an uptrend.

Our STI support might be around 3397-3405.

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Kelwin &Roy