Wednesday, March 28, 2012
Tuesday, March 27, 2012
Commodity currency AUD rose from 1.045 to 1.053
Thursday, March 22, 2012
The HSBC flash purchasing managers index, the earliest indicator of China's industrial activity, fell back to 48.1 from February's four-month high of 49.6. New orders sank to a four-month low, an expected rebound in export orders failed to emerge and new hiring slumped to a two-year low.
"With new export orders sluggish and domestic demand still softening, China's slow down has yet to finish. This calls for further easing to come from Beijing," HSBC chief China economist, Qu Hongbin, said in a statement.
Commodity currency Aussie plunging from 3.22 to 3.19 Ringgit
Aussie buys 1.035 US dollar
Wednesday, March 21, 2012
Well, the answer is yes if you are in dire need of cash or if you can quickly trade other financial instruments that can yield better profits on a short to medium term.
No if you're just cashing out and sitting on it.
Chartwise (first) on weekly timeframe, gold hasn't broken below the trendline that started in 2009 although it has dropped below the SMA50 (not indicated).
Monday, March 19, 2012
TELEKOM Malaysia Bhd (TM), the country’s largest fixed-line company, expects to spend about RM1 billion on high-speed broadband (HSBB) network next year, as it is banking on it to maintain its broadband leadership.
So far, the government has paid RM2.2 billion (of the RM2.4 billion) to TM. “There’s only like RM200 million left in terms of contribution from government,” added Zamzamzairani.
It means starting next year, TM will self-fund the continuous rolling out of HSBB network and demand will decide the rollout.
Under the HSBB agreement with the government, TM had agreed to blanket 1.3 million premises passes with its HSBB network by the end of 2012. To date, the company has covered about 1.18 million premises passes.
Besides rolling out HSBB network, capex will also be used to build a submarine cable connecting Peninsular Malaysia and Sabah and Sarawak, as well as expanding its fibre footprint there. The cost for the submarine cable has yet been finalised.
The launch of HSBB services is critical to TM’s future growth and to some extent, its survival. During the past years, the company has seen its fixed-line voice revenue declining.
Once its bread and butter, the voice business now contributes about 40 per cent of its total revenue. Non-voice businesses such as broadband constitute 60 per cent of TM’s sales.
Read more: TM expects lower capex for HSBB http://www.btimes.com.my/Current_News/BTIMES/articles/20120319013826/Article/index_html#ixzz1pYGWXtOe
Sunday, March 18, 2012
It was selling for USD 8 last week before the release of the bank stress test result and thereafter rose to close at abt USD 9.80
Congratulations to those who bought in early and held todate. Happy investing ...
Friday, March 16, 2012
My position before Tuesday's release of US economic data at USD1,710 level posted a weekly loss of approximately 3 %. I guess that's just bad market timing: should have waited till Wedsnesday or Thursday when they revealed the banks' stress test results... Oh well, we all have our lesson to learn .. Cheers ..
Wednesday, March 14, 2012
Aussie sliding to 1.05 against USD
Gold plunges again from 1700 to 1670, posting a 1.8 % loss
Sunday, March 11, 2012
Aussie dollar slides against Ringgit, posting a weekly loss of 1.6 %
A weaker Aussie means it will take more to buy Xau (Gold)
Gold now sells for 1620 Aussie dollar
Gold climbing to USD 1713.
I'm taking a long position on gold at this level