- JCI climbed for another day to reach 5225.08 but got pushed back to finish the day at 5200.69. The gains are expected to be further trimmed on Thursday after the European and U.S. stock indexes fell on Wednesday night. Resistances are seen at 5225.08, 5251.30, 5284 and 5300 with further target at 5367. Near-term supports are expected at 5189, 5167, 5148, 5130, and 5108. Below 5072 will risk 5046.
- The sentiment went south again during Europe and US sessions as investors realigned their focus back on to the Fed's monetary policy and after the positive impact from U.S. data turned out to be short-lived. While Japan and Europe re-emphasized that they will keep their respective stimulus on, the Fed stated that the stimulus could be reduced if sustained improvement in growth is seen. As stated yesterday, Fed's last week statement could mark the beginning of an end of the entire Fed's easing cycle.
Rabu, 29 Mei 2013
Morning Dew - 30 May 2013
Key Points
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