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buy more oil tonight and ready to settle tomorrow morning

20 Jan 2009

The trader keep playing around the market, only 005 is under pressure, actually someone is buying 941 to play around the index. If tonight US and EU market is up, tomorrow early morning will be on uptrend too. Who is going to Holiday better settle it tomorrow.

In this movement the oil is around 32 .51 match the lowest price before 21 settlement day. If the guessing is correct. After tonight, the oil will back to near 40 again. So tonight I will use action to see whether I am right or not.

Dear all, please aware GBP, you know if it reach 1.36xx, better keep some GBP for travel trip. Cathy just have a special offer, go to london only HKD2990.00 round trip. Good deal !

US Holiday, no market activities

However in UK Market – UK announced its second British bank rescue plan.
The plan included a wide range of measures to dispose of risky assets.
Shares of Royal Bank of Scotland tumbled 64% after the said it could report the UK biggest ever annual loss of up to 28 Billion pounds, Lloyds SB and Barcalys tumbled 34% and 10.2% HSBC restated that it won’t need any support from UK government.

The HSBC in London price open at 537 and closed at 478

Since GBP tumbled on concerns over UK financial sectors and it dropped deep to 1.4533 in 19 Jan UK price

However in Asia time on 20 Jan, the GBP further dropped. It is 1.4069 at 4:52 pm

Handling to 1.39 the lowest point since 02/2002

HK Market

Following the pressure of HSBC in London, convert in HKD is around 51.8, the HS Index open low at 12,854,400 closed at 12959 – 380 (2.85%) turnover volume is 395M

The HSBC opened at 57 and low is 56.80 and close at 57.5 volume 89M
The 1398 opened at 3.25 and closed 3.29 – 0.16 (-4.638%) volume 430M
The 3988 opened at 1.91 and close at 1.87 – 0.13 (-6.5%) volume 888M

The Japan Market

Nikkei open at 8187 and close at 8065 – 191 (-2.31%)
UFJ closed at 502 – 15 (-2.9%)
Toyota closed at 3100 + 70 (+2.31%)
Fast Retailing closed at 11,190 – 370 (-3.2%)

USD/JPY is 90.73

For Forex

The EUR and GBP all run low because the investor worries about the Europe and UK economy. At 5:12 pm EUR 1.2971 and GBP 1.4005

Oil at 5:13 pm is 32.81
Gold at 828.40

International Market

Tuesday, January 20, 2009
12:00 a.m. JPN: Dec Consumer Confidence Survey result Previous: 28.4
1:00 a.m. JPN: Dec Machine Tool Orders, revised On Year Previous: -62.1%
4:00 a.m. ITA: Nov Indus turnover & orders
4:30 a.m. UK: Dec CPI Monthly Expected: -1% Previous: -0.1%
4:30 a.m. UK: Dec CPI Yearly Expected: +2.5% Previous: +2%
4:30 a.m. UK: Dec CPI Core Yearly Expected: +1.4% Previous: +2%
4:30 a.m. UK: Dec Retail Price Index Monthly Expected: -1.3% Previous: -0.8%
4:30 a.m. UK: Dec Retail Price Index Yearly Expected: +0.9% Previous: +3%
5:00 a.m. GER: Jan ZEW Indicator of Economic Sentiment
8:30 a.m. CAN: Nov Mfg Survey, Inventories Previous: +1.3%
8:30 a.m. CAN: Nov Mfg Survey, New Orders Previous: +8.8%
8:30 a.m. CAN: Nov Mfg Survey, Shipments Previous: -0.5%
8:30 a.m. CAN: Nov Mfg Survey, Unfilled Orders Previous: +6.8%
9:00 a.m. CAN: BoC Interest Rate Decision - Basis Points Overnight Rate Expected: -50 Previous: -75
7:01 p.m. UK: Dec Scottish Retail Sales Monitor

US Market
Tuesday, January 20, 2009
5:00 p.m. ABC/Wash Post Consumer Conf For Jan 17: Previous: -49.

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