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Friday, 6 December 2013

Market Forecast Update: 6 December 2013, Friday, 11.35am Singapore

6 December 2013, Friday, 11.35am Singapore:

MALAYSIA KLCI INDEX, MALAYSIA FKLI INDEX AND MALAYSIA STOCKS WILL HAVE A BIG SLAM DOWN NEXT WEEK. BE WARNED.


IMPLICATION FOR THE REST OF ALL OTHER MARKETS:

IF EVEN STRONGEST INDEX IN ASIA WANTS TO CORRECT DOWN, EVERYONE IN ASIA WILL SELL-OFF STRONGLY.

IMPLICATIONS FOR FOREX:
1. EMERGING MARKETS' CURRENCIES TO UNDERGO SELL-OFF WITH RESPECT TO USD, AS PER WARNED THE PAST 2 WEEKS.

2. EURUSD, GBPUSD TO CARRY ON SELL OFF, AS PER WARNED PREVIOUSLY DURING THE PAST 2 WEEKS; USDCHF TO GO UP (SWISS FRANCE CORRECTION) AS PER WARNED THE PAST 2 WEEKS.

3. AUDUSD AND NZDUSD TO CARRY ON SELL OFF, AS PER WARNED PREVIOUSLY DURING THE PAST 2 WEEKS.

4. USD TO GO UP, JPY TO GO UP: EFFECT ON USDJPY IS NEUTRALISED BUT WITH SELLING BIASED.

5. CADUSD TO GO UP (CANADIAN DOLLAR CORRECTION) AS PER WARNED PREVIOUSLY DURING THE PAST 2 WEEKS.


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