AlongEricLee's Market Update

[AlongEricLee]

SINGAPORE (Aug 17): CIMB is looking after its "include" call for Boustead Singapore in spite of the gathering's goal to stay concentrated on high esteem included segments rather than its mechanical land section which saw a 25% ascent in benefit in 1Q17 from a year prior.

In a Tuesday note, examiner Roy Chen says the vitality related designing portion recorded a pretax benefit of $700,000 on the back of stringent cost controls. Chen trusts that the danger of the vitality division bringing about enormous misfortunes is low, given the business' immaterial capex needs and adaptable overhead cost.

Anylysis by EquityProfit

 

[AlongEricLee]

EUR/USD Short Term View Ahead of Euro-Zone Markit PMIs

Talking Points:

- EUR/USD trading above 1.13 after finding support below the level yesterday

- Euro-Zone PMIs are in focus for the hours ahead

- Yellen speech on Friday could be the main event risk on the docket

The EUR/USD is edging higher after finding support below the 1.13 figure yesterday, as the pair's post-Brexit recovery continues.

Brexit seems likely to be in focus again today as we look ahead for Euro-Zone Markit PMIs for possible Brexit influences.

Against this backdrop we will form our outlook and look to find short term trading opportunities using different tools such as the Grid Sight Index (GSI) indicator.

Keep Touch With us - @EquityProfit

 

[arigoldman]

THanks for sharing!