Friday, April 8, 2016

Wednesday, April 6, 2016

Wednesday, March 30, 2016

KLCI MAR 2016

30-3-2016


Likely wave B play... might test 1726 or higher tomorrow to complete B.




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Tuesday, March 29, 2016

Monday, March 28, 2016

Global GDP Growth Will Start Q2 2016 On A Firm Note

Global activity growth has bounced back to 2.6 per cent, compared to a low point of 2.2 per cent a few weeks back. Much of this recovery has occurred in the advanced economies, with our nowcast for the United States showing a particularly marked rebound after more than 12 months of progressive slowdown.
It would be wrong to place too much importance on a single month's data, especially when the nowcasts are heavily influenced by business and consumer surveys. But the early indications are encouraging.
These surveys have remained mixed, but downward momentum has been partly reversed in most advanced economies, especially in the US where the regional Fed surveys for March have been identified by the nowcast models as major upside surprises. In fact, sentiment had become so pessimistic that even slightly better data have represented positive surprises relative to economists' expectations, according to the Citigroup Surprise Indices.
These better numbers still leave the global economy growing at 0.7 per cent below trend, so spare capacity in the world system is still rising, and long term underlying inflation pressures should therefore still be dropping.
Better, but still not very good, is this month's verdict. Full details of this month's nowcasts are attached.
More . . . .
Read/download the report here:
Download the attached appendix here:

Thursday, March 17, 2016

Fed leaves interest rates unchanged, sees only two hikes in 2016

WASHINGTON (MarketWatch) — The Federal Reserve held interest rates steady Wednesday and signaled it will lift them more slowly than previously indicated because of a weak global environment and volatile stock market.
The Fed said in a statement said its rate-setting Federal Open Market Committee decided to leave the central bank’s benchmark interest rate in a range of 0.25%-0.5%. The decision was widely expected.
The big change was in the Fed’s so-called “dot plot,” where officials penciled in only two quarter-point hikes this year, down from four in December.
“We continue to see risks,” Fed Chairwoman Janet Yellen said in a press conference after top officials met. But she also pointed out that “the U.S. economy has been very resilient in recent months.”
U.S. stocks SPX, +0.56%  moved higher after the Fed decision. Treasury yields tumbled.
Just a few months ago, the Fed appeared ready to embark on a series of interest-rate increases after determining the economy was strong enough to handle it. Yet big losses in the stock market early in the year, slowing U.S. growth and fresh worries the global economy spurred the Fed to back off.
Financial markets don’t expect a rate hike before June.
More recently the U.S. economy seems to have stabilized, easing some of the Fed’s concerns. The central bank on Wednesday pointed to improved consumer spending, a stronger housing market and “strong job gains.”
Yet the Fed acknowledged that exports and business investment remain soft. Inflation is expected to remain on the low side this year, even though there are some signs that price pressures are building.
The Fed predicted its preferred PCE inflation gauge will end 2016 at 1.2%, down from a prior forecast of 1.6%. The bank wants to see inflation rise to the 2% level it considers a sign of a healthier economy.
”What the Fed is saying is that they are willing to tolerate some more inflation,” said John Canally, an economist and investment strategist at LPL Financial.
The FOMC vote was 9-1. Kansas City Fed President Esther George dissented in favor of a quarter-point rate increase.