Further analysis on the DXY index

  Looking at the weekly chart of USD, we can see that the index is moving to the strong support zone on the weekly chart time frame around 90.6 points, the index is equal to the opening price of 2.  next week.  In addition, on the daily chart timeframe, we can clearly see this support zone in more detail when it is supported by the increasing trendline channel from January 6, 2021 (as shown).

 - Although we do not know how the nonfram results will happen tonight, in my technical opinion, when the USD is likely to fluctuate around 90.5-90.6 points, this index will go up and down around here to bottom and go.  up to recover after yesterday fell sharply.

 - My personal opinion on the long term on the USD, the possibility in the coming time will continue to be the recovery months of the USD after nearly 1 year of continuous and strong decline.  In order for the USD to go up sustainably, there must also be corrective declines, especially last week's candle is still supporting the uptrend and is in the strong support zone as analyzed above, so my view will be.  No longer selling to USD in this weekend session but only buying options will be studied.  Tonight is the weekend night, it is likely that investors will take profit.

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Today KLSE Market Open Positive

 Bursa opens easier but rebounds thereafter-

KUALA LUMPUR (April 8): Bursa Malaysia opened easier but rebounded thereafter today, attempting to extend yesterday’s gains, despite the flat overnight performance on Wall Street.

The US stock markets staged a modest recovery after the US Federal Reserve signals no changes to the current bond-buying program.

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.02 points to 1,602.61 from Wednesday’s close of 1,600.59.

The index opened 0.78 of-a-point easier at 1,599.81.

“We believe the foreign buying support yesterday may continue to lift FBM KLCI members in the near term. Given the higher oil prices resulting from the recovery of global economy, coupled with the smooth ongoing COVID-19 vaccination, it should bring some optimism to the market.

“The key index may have a positive bias moves over the near term with the resistance envisaged along 1,615 to 1,635, while the support level is set at 1,565 to 1,575.

It added that sector-focus traders will still look out for the recovery-theme sector such as consumer, aviation, tourism, construction and property on the back of the ongoing vaccination plan on the local front.

Of the heavyweights, Public Bank gained three sen to RM4.25,  Petronas Chemicals added four sen to RM7.99,  while Maybank fell eight sen to RM8.40, Tenaga shed two sen to RM10.24, and IHH Healthcare was flat at RM5.31.

Among the active counters, Luster Industries and its warrant added one sen each to 24.5 sen and 14.5 sen, respectively, DGB Asia and Pasukhas Group edged up half- a-sen each to 6.5 sen and three sen, respectively, while Permaju was flat at 22 sen.

Sector-wise, the Industrial Products and Services Index edged up 0.24 of-a-point to 195.12, the Financial Services Index slipped 15.5 points to 15,363.71, while the Plantation Index went down 17.48 points to 7,060.43.

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Comment on Gold on March 19, 2021

 At the end of the session yesterday, the world gold price had a strong decline from 1755 to 1719 ($ 36), but at the end of the session, the price of gold rebounded and closed the daily candle at 1732 with a tree. candle draw legs. In my opinion, after the gain of Wednesday night, yesterday the price dropped just like that, back to the sideways 1723-1740. So we can trade the precious metal Gold in these 2 margins.

- Moving to the H4 time frame, in my opinion, Gold may still be under downward pressure at the beginning of today's session to come back to test the 1716-1720 price range again. Only consider the signal of a reversal of Gold here. If the precious metal Gold does not pass this price range, it is likely that Gold will have an uptrend again.

- One more thing in my opinion, we should limit trading in the middle of the current price at the beginning of the Asian session to wait for the deep waves of this precious metal to establish an entry position that will be safer for the asset. our account.

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Monthly Overview on Indices

 Monthly change: SPX500 +5%

After reaching the new historical level of 3,960, the SPX500 index has started to decline. Stocks have fallen sharply, and the decline should not come as a surprise to anyone. Valuations in many equities have been at historically high levels.

The index's rally has been driven by the idea that low-interest rates could expand PE multiples. However, yield rates have risen sharply in recent weeks. These higher rates are making the stock market more expensive when compared to bond yields. If stocks need to reprice, it could result in a rather steep equity market sell-off, perhaps more than 20%.

It seems as if technology stocks prices have burned out over the past 12 months and maybe hit the hardest in a repricing environment triggered by rising yield rates. A market drawdown would undoubtedly be welcome after the euphoric run it has had over the last year. The rising-rate environment and overvalued stock market seem to have all come together, creating a perfect situation for this.

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GBPUSD Overview

GBPUSD overview, this pair will continue down in the first half of March.  If you want to buy in, you should wait for the price to go down to the lower green demand zone, then you should buy in in the long term, so the current should not buy and the point to start buying will be the starting price.  head from 1.3770 or less.

Indices Trading Signals

EURO, EUR/USD, US DOLLAR, INFLATION, TREASURY YIELDS

ASIA-PACIFIC RECAP

Risk assets continued to slide lower during the Asia-Pacific trade as an aggressive rise in global bond yields notably weighed on market sentiment. Australia’s ASX 200 plunged 2.35% as yields on local 10-year government bonds surged to the highest levels since April 2019, while Japan’s Nikkei 225 plummeted 3.6%. Hong Kong’s Hang Seng Index dropped over 3% and China’s CSI 300 fell 1.87%.

In FX markets, the haven-associated USD, JPY, and CHF largely outperformed, while the cyclically-sensitive AUD, NZD, and NOK slid lower. Gold and silver prices lost ground as yields on US 10-year Treasuries held above 1.47%. Looking ahead, US PCE figures for January and consumer sentiment for February headline the economic docket alongside trade balance data out of Mexico.

SURGING REAL YIELDS BUOYING US DOLLAR

Surging bond yields have buoyed the heavily under-fire US Dollar in recent days, and may open the door for the Greenback to claw back lost ground against the Euro in the near term. Yields on benchmark 10-year Treasuries surged to the highest level since early February of 2020, climbing over 14 basis points in 24 hours as investors continue to bet on the Federal Reserve adjusting its policy levers sooner-than-expected.

However, this seems relatively unlikely given the dovish rhetoric of several members of the Federal Reserve over the last few weeks. Atlanta Fed President Raphael Bostic – one of the first to suggest tapering measures at the end of 2021 – is not expecting to Federal Reserve to react prematurely to climbing yields, stating that they “have definitely moved at the longer end, but right now I am not worried about that”.

This reinforces the comments from Jerome Powell at the Fed’s semi-annual monetary policy testimony before Congress, with Powell reiterating that “the economy is a long way from our employment and inflation goals, and therefore the central bank will maintain its loose approach to monetary policy until “substantial further progress has been made” towards achieving its two mandated goals.

Nevertheless, breakeven inflation rates have stormed to multiyear highs, with the 10-year currently sitting at 2.1% and the 5-year at 2.35%. Real yields have also soared to 9-month highs, while expectations of the Federal Reserve’s first rate hike have been pulled forward from early-2024 to early-2023.

These dynamics could open the door for a short-term US Dollar recovery, with attention now intently focused on upcoming PCE figures for the month of January. A larger-than-expected increase in core PCE prices probably intensifying tapering bets and pushing the Greenback higher against its major counterparts.

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KLCI rises 0.77% as select blue chips

KLCI rises 0.77% as select blue chips led by Tenaga lift The main index at Bursa Malaysia rose 0.77% in early trade Wednesday as select index-linked stocks including Tenaga Nasional Bhd advanced, against the backdrop of mixed regional markets.

At 9.05am, the FBM KLCI rose 12.14 points to 1,577.19.

The early gainers included Nestle (M) Bhd, Syarikat Takaful Malaysia Keluarga Bhd, Kuala Lumpur Kepong Bhd, Frontken Corp Bhd, Aeon Credit Service (M) Bhd, Latitude Tree Holdings Bhd, Tasco Bhd and Tenaga Nasional Bhd.

 

Bloomberg said U.S. equity futures fluctuated and Asian stocks looked set to slip as investors mulled comments from Federal Reserve Chairman Jerome Powell on inflation and growth that spurred swings in stocks and bonds Tuesday.

 

JF Apex Research said US markets ended mixed with the Dow reversing intraday steep losses after the Federal Reserve chairman eased concerns about inflation and rising rates.

 

It said that earlier, European stocks declined following losses in technology counters and rising bond yields.

 

“On the local market, the FBM KLCI lost 5.41 points or 0.34% to 1565.05 points.

“Following the mixed performances in the US and Europe, the FBM KLCI could remain pressured and test the immediate support of 1560 points.

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THE 3 MOST COMMON EMOTIONS TRADERS EXPERIENCE

 Some of the most common emotions traders experience include fear, nervousness, conviction, excitement, greed, and overconfidence.

Fear/Nervousness

A common cause of fear is trading too big. Trading with improper size magnifies volatility unnecessarily and causes you to make mistakes you normally wouldn’t make if you weren’t under the stress of risking larger losses than normal.

Another culprit for fear (or nervousness) is you are in the ‘wrong’ trade, meaning one that doesn’t fit your trading plan.

Conviction/Excitement

Conviction and excitement are key emotions you’ll want to feed off, and you should feel these in every trade you enter. Conviction is the final piece of any good trade, and if you don’t have a level of excitement or conviction then there is a good chance you are not in the ‘right’ trade for you.

By ‘right’ we mean the correct trade according to your trading plan. Good trades can be losers just as bad trades can be winners. The idea is to keep yourself winning and losing on only good trades. Making sure you have a conviction on trade will help ensure this.

Greed/Overconfidence

If you find yourself only wanting to take trades that you deem as possible big winners, you could be getting greedy. Your greed may have been the result of doing well, but if you aren’t careful you may slip and end up in a drawdown.

Always check that you are using proper trade mechanics (i.e. sticking to stops, targets, good risk/management, good trade set-ups). Sloppy trading as a result of overconfidence can end a strong run.

Learn more about managing greed and fear while trading.

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Oil prices edged higher on Monday

TOKYO (Reuters) - Oil prices edged higher on Monday after a weak start, holding on to the past three months of gains, although patchy coronavirus vaccine rollouts, new infections, and the discovery of new variants are keeping a lid on prices.

Brent crude futures were up 10 cents at $55.14 a barrel by 0233 GMT, while U.S. West Texas Intermediate (WTI) gained 1 cent to $52.21. Both benchmarks gained nearly 8% in January.

Oil prices have been boosted by vaccination programs getting underway in hard-hit countries and output cuts by major producers like Saudi Arabia. But the euphoria over a possible end to the pandemic has been undermined by the slow pace of vaccinations and the rise of new variants of the coronavirus.

Still, with more vaccines proving successful in trials and infections falling in some areas, demand for oil and fuels is likely to pick up as more of the world's population gets inoculated against COVID-19.

"Demand will recover across the board, led by Asia-Pacific and North America," FitchSolutions said in a research note.

"Europe and Latin America will lag, largely a reflection of softer economic recovery in key markets in these regions," it said.

Oil prices are expected to remain around current levels for most of this year before a recovery gains ground towards year-end, a Reuters poll showed late on Friday.

U.S. oil and gas drillers are gearing up for a pickup in demand and as higher prices make news wells profitable again, adding rigs for the sixth month in a row in January. [RIG/U]

U.S. output is rising and was above 11 million barrels per day in November for the first time since April, according to the Energy Information Administration

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The 10 Stocks Experts Say You Should Invest in 2021

 The world went into real uncharted territories in 2020, beginning with a pandemic no one had foreseen, and one the world had not experienced in decades. And while the following fall in the equity markets was expected, the wild surge upwards as bulls dominated — including in Bursa Malaysia — was rather not, especially with the yet-to-dissipate shadows cast by the coronavirus.

IHH Healthcare Bhd

IHH Healthcare Bhd, which has operations in various parts of Asia, has been touted as a proxy for regional recovery from the Covid-19 pandemic.

 Genting Malaysia Bhd

The casino operator is in the sweet spot to benefit from growing domestic tourism as borders are closed; Malaysians cannot travel abroad. Should the international borders be re-opened in 2021, Genting Malaysia Bhd (GENM) will also benefit from the arrival of foreign tourists.

Tenaga Nasional Bhd

The utility giant was the second-worst performing FBM KLCI component stock in 2020 after Genting Bhd. Its share price drifted lower even after the global rout in March while others rebounded from the troughs.

Hartalega Holdings Bhd

If you still believe in the great earnings growth story in the rubber glove industry despite the availability of the Covid-19 vaccine, Hartalega Holdings Bhd could be a choice to buy on strength given that the stock has sagged almost 43% from its peak of RM21.16, according to Maybank IB. 

British American Tobacco (Malaysia) Bhd

British American Tobacco (Malaysia) Bhd’s (BAT) share price staged a strong rebound in the final two months of 2020, recouping most of the lost ground as it hit a 20-year low of RM8.80 in March. 

Magnum Bhd

 Unless there is another round of Movement Control Order that requires the shutdown of non-essential businesses, including number forecast operators (NFOs), to contain the Covid-19 pandemic, Magnum Bhd is expected to be well on the earnings recovery path.

Public infrastructure exposure

Gamuda Bhd and Sunway Construction Group Bhd (SunCon) are perceived to be among the key beneficiaries of public mega infrastructure projects such as the East Coast Rail Link (ECRL) and High-Speed Rail (HSR) line

Malaysia Airports Holdings Bhd

For the airport operator, 2020 was an annus horribilis, with the company booted from the FBM KLCI as international air travel was brought to its knees as a result of the Covid-19 pandemic

My EG Services Bhd

For My EG Services Bhd (MyEG), investors may have to ignore the noises and focus on contracts that it has in hand, which will be a reflection of its earnings potential

Mega First Corp Bhd

Year 2021 could be a volatile year, Mega First Corp Bhd's steady and resilient earnings from the 260MW Don Sahong hydropower project could be a shelter

Bursa Malaysia Stock Tips