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FBMKLCI: Long term rejection of globalism or just a blip?
A new cold war in the form of trade and currency war has emerged. They are here to stay and has become a new norm for the global markets.
Markets will adjust to the new norm. Markets need trade certainty but unlikely to see trade deal taking shape before 2020 presidential election.
For local bourse, it is the domestic factors that are keeping investors in the sidelines.
Technically the index gave up the support at 1626 with the MACD line remains in negative territory and below signal line.
Support is at 1600 followed by 1572.
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Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.
A new cold war in the form of trade and currency war has emerged. They are here to stay and has become a new norm for the global markets.
Markets will adjust to the new norm. Markets need trade certainty but unlikely to see trade deal taking shape before 2020 presidential election.
For local bourse, it is the domestic factors that are keeping investors in the sidelines.
Technically the index gave up the support at 1626 with the MACD line remains in negative territory and below signal line.
Support is at 1600 followed by 1572.
Get RM10 Free With BigPay MasterCard. My referral code: AQP50NWLUE
Easy steps to signup : http://bit.ly/BigPayBC
Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.
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