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By Christine Gaylican, Opalesque Asia:
Anticipating the several events that could transpire this week that might affect monetary policies around the globe, investors would likely take advantage of the markets in the United States and Europe as markets in Japan, Singapore and emerging markets would likely take a beating and end lower this week.
Opalesque's latest Technical Research Briefing indicated that US' Dow Jones and European equities were to start this week mixed, although there will be positive gains before the week ends (source)
In Seoul, South Korea, shares has risen, with the FTSE's upgrade of the country to developed market status (source). However, Hong Kong's Hang Seng Index dipped by 1.26% in today's trading (source)
Opalesque's Technical Research team says US and European equities are set to start the week mixed, with resource-related shares poised to feel a nudge of lower commodity prices, though a positive rally will still be likely.
Gold prices likely to slide
Against a basket of currencies, the dollar's rebound from a one-year low of 76.01 on Sept 17 helped pull gold from near 18-month highs. The yellow metal has gained 16 perce...................... To view our full article Click here
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