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U.S. Lead Airstrike against Syria

  • DAR Wong
  • 16 April 2018

Fundamental Outlook   The U.S. President Trump express enthusiasm to re-enter a new agreement of Trans-Pacific Pact (TPP). America leads airstrike against Syria that infuriates Russia. British housing prices stay robust at more than 1 year high.

The U.S. producer prices rose 0.3 percent in March while core prices gained 0.3 percent, both above forecast. Consumer prices slid 0.1 percent in March and sank into negative figure for first time in 10 months.  Excluding food and energy, core prices rose 0.2 percent and matched forecast.

American jobless claims for the week ended 7 April were reported at 233,000 cases. President Trump says his administration will look into re-entering Trans-Pacific Pact for negotiating new deal with bilateral partiers on fair ground.

On Friday, U.S. led a missile strike against Syrian Government with Britain and France, in retaliation of suspected chemical weapon use on the citizens. Russia has demonstrated anger on the attack since President Vladimir Putin has been a supporter to the President Bashar Assad of Syria.

China’s consumer prices grew 2.1 percent in March on year basis and slid from annualized 2.9 percent in previous month. Producer prices expanded 3.1 percent and matched forecast.

British Halifax housing price index rose 1.5 percent in March and highest since January 2017. Another separate report on manufacturing production slid 0.2 percent in February and sank into negative figure for first time in 8 months. Trade deficits shrank to lowest record at GBP10.2 billion in February.

 

Technical Forecast   USD/JPY has been moving in tight range last week until a spike was seen on Friday. This week, we foresee strong resistance will guard at 107.80 – 108.00 region and trend is likely to fall. Overall expectation may be constricted from 105.80 – 107.80 region till the prices break beyond in either direction.

EUR/USD has been trapped in sideways from 1.2220 to 1.2420 range. This week, the observation on Dollar Index is very crucial as this will lead the Euro into strong inverse direction. The rise in Crude prices last week may provide a signal to lift Euro higher in coming weeks.

GBP/USD climbed higher last week due to stronger economic outlook. This week, we reckon strong resistance will emerge at 1.4300 – 1.4330 region. Possible range movement will be contained from 1.4000 – 1.4300 region in case of drawdown. Risk control is advised if the prices travel beyond the aforementioned range.

 

Disclaimer: This article is written for general information only. No liability by the writer, publisher or any third party involved in the distribution of this work.

DAR Wong is a registered fund manager in Singapore with 29 years of global trading experiences. You may reach him at dar@pwforex.com


About the Author
DAR Wong (Singapore)
An international speaker with 27 years of trading experience in the global financial markets, DAR is a Market Master and author of “Living Daylight in Stock Market: Monetizing Your Profits in 8 Days”.

DAR Wong is an active market trader, registered fund manager, educator and author.He began his career in 1989 as an institutional Futures trader with Bank of America. DAR Wong specializes in trading global derivatives and financial markets. He has 26 years of experience accumulated through tenure with Bankers Trust, Barclays Bank, Citigroup (Smith Barney Shearson Inc) and as an independent trader.

DAR is the author of “8 Ways to Invest in China’s Emerging Market” and contributes frequently to regional media, including financial TV/Radio programmes, newspapers and magazines for professional traders and active investors.

He is a popular and sought after international speaker who has presented to financial professionals and investors throughout the region including Singapore, Malaysia, Indonesia, Thailand, Hong Kong, China, Cambodia, Myanmar, Philippines, Sri Lanka, India, South Korea, Laos, Vietnam, United Kingdom and Middle East (UAE).

DAR is registered with NASD (now known as FINRA) series 3 and 5 as approved by National Futures Association (NFA) of USA and holds a current portfolio as Fund Strategist and Advisor with Dektos Investment registered with Monetary Authority of Singapore.

DAR is profiled as “One of the most successful traders – Market Masters” in Brent Penfold’s bestselling book “The Universal Principles of Successful Trading “. In January 2015, DAR was honored with Outstanding Award for International Financial Market Analysis granted by ASEAN Commerce (Thailand).

DAR is the author of "8 Waysto Invest in China's Emerging Market" and contributes frequently to regional media, including financial TV/Radio programmes, newspapers and magazines for professional tradersand active investors.1

He is a popular and sought after international speaker who has presented to financialprofessionals and inverstors throughout the region including Singapore, Malaysia, Indonesia, Thailand, Hong Kong, China,Cambodia, Myanmar, Philippines, Sri Lanka, India, South Korea, Laos, Vietnam, United Kingdom and Middle East(UAE).2


Year
2003 - Set up ASPRI to provide hedging advisory for corporate clients and training for financial professionals
2009 - Released first book “8 Ways to Invest in China’s Emerging Market”
2010 - Profiled as “one of the most successful traders – Market Masters” in Brent Penfold’s bestselling book “The Universal Principles of Successful Trading” along with Larry Williams, Andrea Unger, Michael Cook, and Daryl Guppy etc
2011 - Received “Spirit of Enterprise”awarded by Singapore Management University in Singapore
2012 - Honored with Individual Diamond Career (Thailand) awardedby Royal Privy Council of Kingdom of Thailand
2013 - Appointed Vice Chairman of ASEAN-China Commerce Association and led a delegationtothe annual China-Asean Expo in Guangxi Province, China
2014 - Fund Manager cum Director in Dektos Investment Corporation registered with Monetary Authority of Singapore
2015 - Released new book “Living Daylight in Stock Market - Monetizing Your Profits in 8 Days” in January
2015 - Honored with Outstanding Award in International Financial Market Analysis awarded by ASEAN Commerce (Thailand)
2016 - Honored with Medal of Integrity by Royal Councilin Palace of Palembng, Indonesia

References

1.TV programs on ChannelNewsAsia (Singapore);Radio on 95.8 Capital (Singapore); Newspapers such as The Borneo Post (Malaysia), 资汇报 (Malaysia); Regional financial magazines such as The Analyst (India), 东盟商界(ASEAN, China), 资本杂志 (Malaysia).

2.Spoke at events for CME Group, Euronext LIFFE, Tokyo Commodity Exchange, Singapore Exchange, Korea Exchange, Bursa Malaysia, Thailand Futures Exchange, Jakarta Futures Exchange, Indonesia Commodity and Derivatives Exchange, Tokyo Commodity Exchange, Interactive Brokers, Xinhu Futures, Hangzhou Money Fair, China (Shenzhen) International Finance Expo, China (Guangzhou) International Finance Expo, Euromoney, CIMB, Maybank, RHB, UOB Bank, Asia Trader & Investor Convention, Global Rubber Conference, International Rubber Conference, Malaysia Rubber Board, International Rubber Research and Development Board,Malaysia Ministry of Agriculture, Rubber Industry Smallholders Development Authority, Vietnam Rubber Association, Cambodian Rubber Association, Bureau of Agriculture Research Philippines, Myanmar Rubber Planters & Producers Association etc.