Saturday, September 25, 2010

Interesting Week

Pretty interesting week it has been: new High for Gold, Soybean Oil broke out from its range, FKLI sharp correction on Thursday 23/Sep, and at the moment DJIA is trying to hit its 4-month high. What is lacking here? FCPO! FCPO has been behaving rather weird ever since it migrated to the CME Globex. Strong Ringgit Malaysia could be a key factor now holding back the FCPO. Currently it trades about RM3.10 to one US Dollar. Pretty strong level since many many yeart back (I still remeber in those free floating good old days it traded RM2.70 level to one US Dollar). Well, you and I can come out hundreds of reasons trying to explain the current dull price movement of FCPO, but it has got its own free will to move either direction. We can only wait for now, whether you are holding Long, Short or Nothing. LOL!

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