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Sunday, January 13, 2008

Support Seen For Thai Market []

Support Seen For Thai Market []
The Thai stock market saw its modest two-day winning streak grind to a halt Thursday as the market dipped perilously close to the critical support level of 800 points. With positive global cues, the Stock Exchange of Thailand is expected to rebound, albeit in a tight range, when the SET opens for business on Friday.

New Zealand Shares Look For Week-Ending Rebound []
New Zealand shares look to close the week with a rebound off of another up-side lead from Wall Street.

Euro Mixed Versus Major Counterparts [EUR/USD]
The euro experienced mixed trading against the other major currencies Friday in New York. The euro reached a fresh all-time high versus the sterling but fell against the yen. Traders considered news that German wholesale prices rose less than expected last month.

Loonie Plunges To 4-week Low Versus Dollar As Oil Prices Fall, Canada Loses Jobs [USD/CAD]
The loonie plunged more than one Canadian cent versus the dollar Friday morning in New York, slipping to a 4-week low of 1.022 as the price of oil continued to pull back from its record highs.

European Markets Fall, Led By Retailers - European Commentary []
The European markets fell on Wednesday, as Marks & Spencer led retailers lower after reporting its first same-store sales decline in 2 1/2 years.

Swiss Franc Sees Little Direction Versus Pound [GBP/CHF]
In trading against its British counterpart on Friday, the Swiss franc saw little direction. By the mid morning, the franc had bounced between a low of 2.1615 and a high of 2.2106 versus the pound. In the UK, the Office for National Statistics stated that industrial production fell 0.1% in November, following a 0.5% growth registered in October.

Yen Advances Versus Pound And Euro [USD/JPY]
The yen rose against the euro and the sterling on Friday in New York but remained uncertain versus the greenback.

Australia Stocks Expected To Open Higher Off Wall Street Boost []
Australia stocks are poised to open higher on Friday, coming off of Wall Street's second straight day of triple-digit gains, and comments by Fed Chairman Ben Bernanke that make a U.S. interest rate reduction in January more likely.

More Record Territory For Malaysian Stocks? []
The Malaysian stock market has posted record closes in each of its last five sessions, and analysts say that the potential for more upside remains as the Kuala Lumpur Composite Index prepares to kick off trade on Monday. The KLCI advanced more than 3 percent in four trading days last week.

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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.