21 Apr 2009

Fundamental:
CPI will be the major news at SGT1630hrs. If CPI continue to be below the expected 2.9%, GU will go down.

DOW gave up gains yesterday, Nikkei this morning. FTSE may follows. Like the previous, the fear come from the results of the coming bandk stress test and may point to another round of selling. Of course, when traslated to GU, people will flock to USD, pushing the GU down.

Technicals:
CCI is still on a down trend. Probability of it going down is there as compare for it to reverse. It nows hovers around -10 and can hit -100 before any sign of reversal.

Support is at 1.430 and resistance is at 1.470.