Today (27 Nov 2009) is a Black Friday in Asian Stock Market. Asian stock markets tumbled, with Hong Kong and South Korea stock markets falling down by approximately 5 percent, as fears mounted over the fallout from Dubai’s massive debt problems and the dollar continued its slide against the Japanese yen.
According to a Reuters poll of ten top oil-tracking analysts and organizations, oil demand is predicted to rise by 1.3 million barrels per day (bpd) next year to 85.9 million bpd. The expected demand increase in 2010 will be the first year to show average growth since 2007, before record prices and the economic crisis slashed consumption.
I have not posted US Dow Jones stock market trend for quite a long while since June. And I am sure you know that US Dow Jones has been going upwards in the past 4 months as the world economy is recovering.
Is Dow Jones Upwards Momemtum Sustainable?
While we are now seeing the world market rebounded from the previous year low, do you know which market in the world has the best year to date performance in 2009?
Do you trade Forex? USD has continued it downward trend since March. US Treasury Secretary has hinted recently that the green note is important to the US and definitely they won’t like to see it continues to fall.
But now, the question is : Is it now the Time for USD to rise again?
I have updated my blog with a new look and new feel, I hope you will like it. Now, I shall start to resume my posting on this site now!
Let’s take some time to look at the Singapore STI today.
After completing InvestMoneyLab upgrade with new look and feel, we are ready to continue to bring you new content daily to help you invest and grow your money.
We are now upgrading our wordpress to version 2.8.4 to serve you better. You might experience some disruption during this period but we will try to rectify it as soon as we can.
