Hello to my dear reader... today is a special chart that i will not post anywhere except here in tokancorner.com.
Do you has realised that the price of cpo has reached near on previous peak before it downfall?? Here is a chart for you exclusive for tokancorner readers only ^_^ .
Hope it will be enlighten you all. Good Luck Guys ^_^
Read my previous post : http://tokancorner.com/2012/01/bursa-malaysia-fkli-futures-trading/malaysia-d...
KUALA LUMPUR: Malaysia has delayed issuing tax free crude palm oil export quotas for 2012 as it drafts a policy response to top supplier Indonesia’s move to change its tariffs and revive its own refineries, industry and government sources told Reuters. The delay by Malaysia, the world’s No.2 producer, leaves more supply for local processors but comes at a time when some refined edible oil demand has already shifted to Indonesiawhich last year slashed export taxes for processed oils. For plantation firms holding export quota licences, the delay has hampered their ability to supply their overseas refiners with cheap feedstock and meet existing export contracts for crude palm oil. “The Malaysian government usually issues the quotas in the last week of December but until now, nothing has been given out,” one of the sources with a local plantation firm with a licence for the quotas told Reuters on Monday. “We had been asking since December and the lack of action is affecting our business. This is why Malaysia’s exports are falling this month,” added the source who could not be identified as he is not authorised to speak to the media. Cargo surveyor Societe Generale de Surveillance reported close to a 20 percent decline in Jan. 1-25 Malaysia palm oil export from the same period a month ago. Crude shipments alone slumped 75 percent to 74,640 tonnes. 
1. Jangan perdagangan sebelum anda mempunyai kelebihan yang telah terbukti: Walaupun sebelum menulis pelan dagangan anda, anda perlu memastikan bahawa sistem yang anda cari mempunyai kelebihan. Tidak ada sebab untuk berdagang satu sistem yang kehilangan wang dari masa ke masa.Sistem ini mempunyai hasil positif ke atas nilai X masa. Backtest ia sama ada secara automatik (pengaturcaraan) atau manual tetapi ingat kritikal dan mengambil setiap isyarat di backtest anda. Anda hanya memperbodohkan diri anda jika anda tidak melakukannya dengan betul. Tidak cukup hanya untuk plot Stokastik pada carta anda dan kemudian percaya anda boleh menjana pendapatan.
2. Jangan mempertimbangkan dagangan (sama ada wang yang sebenar atau wang kertas) sebelum anda telah menulis pelan dagangan anda: Anda mesti mempunyai rancangan perintah untuk melaksanakan dagangan dengan betul dan ini pasti lebih benar dalam perdagangan daripada dalam kebanyakan bidang-bidang lain. Walaupun kepentingan yang luar biasa tugas ini, kebanyakan pemula tidak pernah mendengar rancangan perdagangan. Ini adalah sebab terbesar mengapa begitu banyak peniaga-peniaga baru gagal.Buat pelan dagangan yang menerangkan isyarat yang anda dibenarkan untuk mengambil, apabila mengambil mereka dan dengan berapa besar kedudukan.Berhenti, sasaran dan pengurusan wang semua perlu ditulis secara terperinci.
3. Anda peniaga jenis apa? Kita semua jenis orang jadi ia adalah penting untuk memikirkan jenis peniaga anda. Anda tidak boleh hanya salinan sistem orang lain jika peniaga yang mempunyai personaliti yang sama sekali berbeza daripada anda. Mengetahui sama ada anda suka kepada perdagangan out rehat atau tarik belakang. Adakah anda seorang tukang catut, hari jangka panjang peniaga atau mungkin juga seorang peniaga swing. Cari diri sendiri dan kemudian menumpukan seluruh tenaga anda ke arah itu. Jika anda seorang "memecahkan peniaga", maka "menjauhkan diri" daripada "menarik balik perdagangan", sekurang-kurangnya apabila ia datang ke kemasukan sebagai analisis mereka mungkin sesuai untuk anda.
4. Rom tidak dibina dalam satu hari: Trading bukanlah suatu "skim cepat kaya cepat" oleh itu adalah penting untuk memasuki kerjaya baru ini dengan matlamat yang realistik. Jangan mengharapkan konsisten menguntungkan dalam tempoh 2 tahun pertama. Sesetengah orang tetapi kebanyakan peniaga baru perlu tahun secara konsisten menguntungkan. Ia juga sama penting untuk tidak mengharapkan untuk menjadi seorang jutawan dengan akaun $ 5,000!Harapan yang lebih rendah dan menetapkan matlamat yang realistik.
5. Belajar dari kesilapan anda serta dagangan menguntungkan anda: Satu perkara penting peniaga-peniaga baru seolah-olah lupa atau mengabaikan menyimpan jurnal perdagangan anda. Oleh kerana mereka tidak lagi mempunyai bos yang meminta untuk update dan laporan mereka seolah-olah berfikir bahawa menyimpan jurnal tidak lagi penting. Ini tidak boleh lebih jauh dari kebenaran seperti menyimpan jurnal membantu dengan disiplin dan memastikan anda memberi tumpuan kepada gambaran yang lebih besar dan keuntungan. Cara yang hebat untuk belajar dari kesilapan anda adalah dengan pergi ke atas perdagangan anda setiap hujung minggu atau akhir bulan.Kadang-kadang anda perlu segar mata untuk melihat apa went wrong dan bahawa anda tidak boleh lakukan selepas perdagangan kerana anda masih mungkin emosi ke atas kerugian.
6. Pendidikan, Pendidikan, Pendidikan: Untuk sebab-sebab tertentu kebanyakan peniaga percaya yang boleh berniaga dan membuat wang hanya dengan membuka akaun pembrokeran. Doktor tidak dapat melakukan pembedahan tanpa mengkaji terlebih dahulu semata-mata kerana orang itu akan menyerahkan pisau bedah kepadanya dan belajar tentang pasaran saham tidak ada bezanya. Membaca buku dan artikel, melihat carta untuk jam sehari, mengambil seminar atau mencari seorang mentor. Belajar mengenai petunjuk, ADX, Bollinger Bands, RSI tetapi juga belajar tentang pengurusan wang dan psikologi dagangan. Pendidikan sering diabaikan tetapi adalah penting bagi peniaga yang baru belajar untuk berdagang.
7. Perdagangan kedudukan saiz minimum : Tidak ada sebab untuk berdagang lebih daripada saiz kedudukan minimum. Pada mulanya kerjaya trading anda adalah kira-kira konsisten dan tidak kira-kira membuat hidup pada perdagangan. Selepas menjadi konsisten menguntungkan anda kemudiannya boleh menambah saiz kedudukan anda dan dengan itu membuat hidup pada perdagangan. Membuat banyak keuntungan dalam 1 transaksi perdagangan tidak membuat anda adalah peniaga menguntungkan menggunakan saiz kedudukan minimum sehingga anda membuat duit secara konsisten. Terdapat hanya satu sebab mengapa anda tidak akan perdagangan saiz kedudukan minimum dan itu adalah apabila anda perdagangan niaga hadapan, seperti NQ atau ES. Jika sistem anda menggunakan scaling masuk atau keluar, maka saiz kedudukan sekurang-kurangnya 1 kontrak membuat sistem anda mustahil untuk diikuti, tetapi terdapat satu penyelesaian itu. Gunakan ETF, seperti QQQQ atau mengintip. Dengan cara ini anda masih hanya perdagangan kedudukan kecil tetapi masih mampu untuk skala masuk dan keluar. Jangan bimbang tentang BESAR $ $ $ sehingga anda membuat kecil $ $ $. Anda sentiasa boleh menambah saiz kemudian dalam kerjaya dagangan anda.
8. Jangan berdagang dengan wang sebenar sehingga anda menguntungkan: Jika anda tidak menguntungkan maka sememangnya ada sebab untuk anda untuk berdagang wang sebenar dan bukannya menggunakan simulator perdagangan. Saya sedar bahawa perdagangan simulator tidak sama seperti perdagangan wang sebenar, tetapi tanya diri anda ini. "Sekiranya saya tidak simulator dagangan menguntungkan, maka bagaimana saya boleh mengharapkan untuk menjadi dagangan menguntungkan wang sebenar?" Jangan datang dari dari perdagangan penyelaku sehingga anda sentiasa menguntungkan tetapi ingat bergerak dari simulator untuk wang sebenar tidak merupakan satu langkah yang mudah kerana emosi dalam perdagangan dengan wang sebenar.
9. Trading perniagaan supaya kos adalah penting: Kos yang sama penting dalam perdagangan seperti dalam perniagaan biasa. Adalah penting untuk mengekalkan kos yang rendah, tetapi tidak begitu rendah yang anda tidak mempunyai alat-alat yang betul. Hak "carta pakej" adalah penting dan begitu juga dengan broker tetapi kadang-kadang anda masih boleh menyimpan wang dengan hanya pintar. Sesetengah broker adalah lebih murah daripada yang lain dan sebahagian dari orang-orang bahkan mungkin lebih sesuai untuk gaya trading anda. Lihat sekeliling untuk melihat jika anda boleh mendapatkan perkhidmatan yang sama atau lebih baik tetapi pada kos yang lebih rendah.
10. Sentiasa gunakan berhenti (stoploss) : Belajar perdagangan berjaya mengambil masa supaya ia adalah penting bahawa peniaga-peniaga baru berjaya tinggal dalam permainan yang cukup lama untuk belajar perdagangan. Berhenti membantu peniaga untuk tinggal dalam permainan. Jangan sekali-kali risiko terlalu banyak pada apa-apa perdagangan tunggal dan sentiasa menggunakan berhenti.Beberapa peniaga yang tidak mahu menerima bahawa perdagangan dua hasil: menang atau kalah. Mereka enggan menggunakan berhenti. Had kerugian anda, penggunaan berhenti!
" Better To Be Prepared Before U Being Mauled By The Market"
Share prices on Bursa Malaysia ended the morning session mixed today as investors remained on the sidelines amid the cautious market sentiment, dealers said.
At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.12 points to 1,521.74. It had opened 0.01 of a point higher at 1,523.87.
Another dealer said investors preferred to take a conservative approach amid continued talks between the Greek government and private-sector creditors over its debt crisis.
"Greece and its private-sector creditors agreed to meet again on Friday in a race to negotiate a 100 billion euro (US$131 billion) debt write-down for the country," he said.
A total of 1.21 billion shares worth RM893.67 million changed hands with gainers leading losers by 357 to 345.
The Finance Index slipped 29.87 points to 13,466.74, while the Plantation Index gained 16.44 points to 8,743.65 and the Industrial Index earned 2.99 points to 2,795.69.
The FBM Emas rose 5.88 points to 10,580.49, the FBM Mid 70 jumped 75.77 points to 12,137.79 and the FBM ACE increased 9.74 points to 4,460.14.
Among active stocks, The Media Shoppe stood unchanged at 11.5 sen, while Kayo Industries added two sen to six sen and DRB-Hokum advanced four sen to 10 sen.
Among heavyweights, Patrons Chemicals earned one sen to RM6.68, while Mabank and Same Darby eased one sen each to RM8.21 and RM9.07, respectively. -- BERNAMA
NEW YORK: US stocks erased early gains on solid earnings reports from Caterpillar and Netflix to end lower on Thursday, with some weak economic data and profit-taking seeming to drive the selling.
The Dow Jones Industrial Average closed down 22.33 points (0.18 percent) at 12,734.63.
The broad-based S&P 500 slipped 7.60 (0.57 percent) to 1,318.45, while the tech-rich Nasdaq Composite dropped 13.03 (0.46 percent) to 2,805.28.
A modest rise in weekly jobless claims and poor figures for new home sales in December helped repress bullish sentiment, said Andrea Kramer of Schaeffer's Investment Research.
The Dow blue chips got an early boost from Caterpillar, after it posted a 60 percent rise in net income to US$1.5 billion for the fourth quarter of 2011.
Cat's stock rose more than four percent in early trade but closed with a modest 2.2 percent rise.
Video rental house Netflix was up 22.1 percent after it reported late Thursday solid gains in its streaming service subscriber base.
But shares in AT&T sank 2.5 percent after it turned in a whopping loss of US$6.7 billion for the fourth quarter, mainly due to charges from its failed takeover of T-Mobile.
Staid, struggling retailer JC Penney surprised traders with a buoyant 2012 forecast, sending its shares rocketing 18.8 percent.
United Continental Holdings, the parent of merged United and Continental airlines, jumped 6.3 percent after reporting losses narrowed in its fourth quarter, beating analyst expectations of a worse performance.
Shares in biotech giant Amgen fell 1.6 percent after it announced the US$1.16 billion purchase of German-American cancer research firm Micromet, a deal in which it obtains Micromet's promising leukaemia therapy.
The deal was worth US$11 a share for Micromet shareholders, and the share price on the Nasdaq soared US$32.1 percent to just below that level, at US$10.94. -- AFP
BMD Crude Palm Oil (CPO) End Off Highs; Choppy Trade Tipped Rest Of Week
[Dow Jones] BMD Crude Palm Oil (CPO) futures are off highs as investors book profits from recent gains; a Kuala Lumpur-based broker says trading during the holiday-shortened week is likely to be mixed and choppy in the next two trading session.
Corn, Wheat Called to Open Higher on Demand Prospects; Soybeans May Drop
-- Soybean futures may open 3 cents to 5 cents lower on the CBOT as rain was forecast this weekend in South America, improving prospects for crops hurt by dry weather, Roose said. Soybean-oil futures are expected to open 0.25 cent to 0.3 cent a pound lower, and soybean-meal futures may open 50 cents to $1 lower per 2,000 pounds.
Ringgit opens higher against greenback
KUALA LUMPUR: The ringgit opened higher against the US dollar Wednesday as risk appetite improved on positive external factors, dealers said.
At 9.11am, the ringgit was quoted at 3.0870/0900 per US dollar as compared with 3.1060/1090 at close last week.
A dealer said the ringgit appreciated against the greenback on improving appetite towards riskier assets as investors drew comfort from signs of progress on resolving the European debt crisis.
"However, investors still remained cautious over possible corrections in the emerging Asian currencies, especially if efforts to seal a deal in the Greek debt fails," he said.
Against other major currencies, the ringgit was weaker against the Singapore dollar at 2.4359/4402 from 2.4330/4359 Friday but strengthened against the yen at 3.9694/9738 from 4.0185/0250 last week.
The ringgit fell against the British pound to 4.8207/8266 from 4.8030/8079 last week and declined against the euro to 4.0217/0266 from 4.0135/0187 Friday. - Bernama
Tokan Futures Corner Review:
From the article above we can say that 1. dollar is weakening 2. Soybean oil are dropping and 3rd the cpo still fail to pass above 3190-3200 level. So what I can say is get ready to buy at support line area and just beware on Papa Bear Land OK guys ^_^. So it up to you to became a bear ( wait at the hill stream and just open your mouth and wait for the salmon or became the eagle to snatch the fish when opportunity arise.
Read more on my previous article :
http://tokancorner.com/2012/01/bursa-malaysia-fkli-futures-trading/cpo-future...
http://tokancorner.com/2012/01/bursa-malaysia-fkli-futures-trading/fkli-futur...
GOOD LUCK J
Well i think it quite early for me to wish Happy Chinese New Year 2012 to all my friends. I think all of them are quite busy rite now doing preparing for the celebration. Well i dedicated this to
Sifu ZL at http://zlbursatheme.blogspot.com/ ,
KY,
RC,
MR Oo at http://www.malaysiafutures.com/
and to my dear buddy Douglas Lau. I wish u all a Happy New Year.
" Gong Xi Fa Cai "
Chinese New Year of the Dragon to Boost Demand for Gold China, the second-largest gold-jewelry market after the United States, is expected to increase iits consumption by as much as 35% according to Frost & Sullivan, a global research and consulting company. Chinese custom calls for the gifting of gold for weddings, birthdays and holidays. The week-long holiday to mark the New Year commences on January 23rd. The theme for the Chinese New Year is “Year of the Dragon”, the Dragon is considered auspicious in the Chinese culture. Happiness, wealth and longevity are the hallmark of the Chinese New Year. Countries with similar culture with China such as Taiwan, Hong Kong, Vietnam and Thailand will also boost the demand for the precious metal during the region’s festive period. Gold prices have continued to rally for 5 consecutive days after taking a beating due to price correction and a chunk of the commodity holders cashing in on their gains at the end of the year. Gold advanced 10% last year. Since December 30th, the price of the precious metal has advanced close to 5% to approximately about $1,623/tr oz. Futures prices for the commodity have also advanced on the Comex. Demand for the commodity is expected to increase as the Chinese New Year approaches. 
Well i think it quite early for me to wish Happy Chinese New Year 2012 to all my friends. I think all of them are quite busy rite now doing preparing for the celebration. Well i dedicated this to
Sifu ZL at http://zlbursatheme.blogspot.com/ ,
KY,
RC,
MR Oo at http://www.malaysiafutures.com/
and to my dear buddy Douglas Lau. I wish u all a Happy New Year.
" Gong Xi Fa Cai "
Chinese New Year of the Dragon to Boost Demand for Gold China, the second-largest gold-jewelry market after the United States, is expected to increase iits consumption by as much as 35% according to Frost & Sullivan, a global research and consulting company. Chinese custom calls for the gifting of gold for weddings, birthdays and holidays. The week-long holiday to mark the New Year commences on January 23rd. The theme for the Chinese New Year is “Year of the Dragon”, the Dragon is considered auspicious in the Chinese culture. Happiness, wealth and longevity are the hallmark of the Chinese New Year. Countries with similar culture with China such as Taiwan, Hong Kong, Vietnam and Thailand will also boost the demand for the precious metal during the region’s festive period. Gold prices have continued to rally for 5 consecutive days after taking a beating due to price correction and a chunk of the commodity holders cashing in on their gains at the end of the year. Gold advanced 10% last year. Since December 30th, the price of the precious metal has advanced close to 5% to approximately about $1,623/tr oz. Futures prices for the commodity have also advanced on the Comex. Demand for the commodity is expected to increase as the Chinese New Year approaches.
Well i think it quite early for me to wish Happy Chinese New Year 2012 to all my friends. I think all of them are quite busy rite now doing preparing for the celebration. Well i dedicated this to
Sifu ZL at http://zlbursatheme.blogspot.com/ ,
KY,
RC,
MR Oo at http://www.malaysiafutures.com/
and to my dear buddy Douglas Lau. I wish u all a Happy New Year.
" Gong Xi Fa Cai "
Chinese New Year of the Dragon to Boost Demand for Gold China, the second-largest gold-jewelry market after the United States, is expected to increase iits consumption by as much as 35% according to Frost & Sullivan, a global research and consulting company. Chinese custom calls for the gifting of gold for weddings, birthdays and holidays. The week-long holiday to mark the New Year commences on January 23rd. The theme for the Chinese New Year is “Year of the Dragon”, the Dragon is considered auspicious in the Chinese culture. Happiness, wealth and longevity are the hallmark of the Chinese New Year. Countries with similar culture with China such as Taiwan, Hong Kong, Vietnam and Thailand will also boost the demand for the precious metal during the region’s festive period. Gold prices have continued to rally for 5 consecutive days after taking a beating due to price correction and a chunk of the commodity holders cashing in on their gains at the end of the year. Gold advanced 10% last year. Since December 30th, the price of the precious metal has advanced close to 5% to approximately about $1,623/tr oz. Futures prices for the commodity have also advanced on the Comex. Demand for the commodity is expected to increase as the Chinese New Year approaches.
As Warren Buffett says, "Be fearful when others are greedy and greedy when others are fearful."
So when lots of people are hoping or greedy for this
year of DRAGON ^_^... i should fear this :)
I hope u know what i mean :p
BERLIN/ATHENS (Reuters) - Standard & Poor's downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the troubled single currency area.
"Today's rating actions are primarily driven by our assessment that the policy initiatives that have been taken by European policymakers in recent weeks may be insufficient to fully address ongoing systemic stresses in the eurozone," the U.S.-based ratings agency said in a statement.
In a potentially more ominous setback, negotiations on a debt swap by private creditors seen as crucial to avert a Greek default that would rock Europe and the world economy broke up without agreement in Athens, although officials said more talks are likely next week.
If Greece cannot persuade banks and insurers to accept voluntary losses on their bond holdings, a second international rescue package for the euro zone's most heavily indebted state will unravel, raising the prospect of bankruptcy in late March, when it has to redeem 14.4 billion euros in maturing debt.
S&P cut the ratings of Italy, Spain, Portugal and Cyprus by two notches and the standings of France, Austria, Malta, Slovakia and Slovenia by one notch each.
The move puts highly indebted Italy on the same BBB+ level as Kazakhstan and pushes Portugal into junk status.
It put 14 euro-zone states on negative outlook for a possible further downgrade, including France, Austria, and still triple-A-rated Finland, the Netherlands and Luxembourg.
Germany was the only country to emerge totally unscathed with its triple-A rating and a stable outlook.
French Finance Minister Francois Baroin, speaking after an emergency meeting with President Nicolas Sarkozy, played down the impact of Europe's second-biggest economy being downgraded to AA+ for the first time since 1975.
"This is not a catastrophe. It's an excellent rating. But it's not good news," Baroin told France 2 television, saying the government would not respond with further austerity measures.
The euro fell by more than a cent to $1.2650 on the news. European stocks, which had been up for the day, turned negative, but reaction to the widely anticipated news was moderate. Safe-haven German 10-year bond futures rose to a new record high while the risk premium that investors charge on French, Spanish, Italian and Belgian debt widened.
Euro-zone finance ministers responded jointly by saying in a statement they had taken "far-reaching measures" in response to the sovereign debt crisis and were accelerating reforms toward stronger economic union.
Greek negotiators, who have repeatedly voiced confidence in a deal in which private creditors would accept writedowns of 50 percent of the face value of their bond holdings, said they were now less hopeful, warning of "catastrophic consequences" for Greece and Europe if they failed.
"Yesterday we were cautious and confident. Today we are less optimistic," a source close to the Greek task force in charge of the negotiations said.
The Institute for International Finance, negotiating on behalf of banks, said: "Under the circumstances, discussions with Greece and the official sector are paused for reflection on the benefits of a voluntary approach.
The two sides are divided principally over the interest rate that Greece will end up paying, which determines how much of a hit banks take. While both appear to be engaged in brinkmanship, there are also doubts about the take-up rate of any voluntary deal, since some hedge funds have bought up Greek debt and want to be paid out in full or trigger default insurance.
The double blow of the S&P news and the stalling of the Greek debt talks came after a brighter start to the year with Spain and Italy beginning their marathon debt rollover at lower borrowing costs this week.
The European Central Bank's move last month to flood banks with cheap three-year liquidity helped ease a worsening credit crunch and provided funds that governments hope some will use to buy sovereign bonds.
RESCUE FUND WEAKENED
S&P said the euro zone faced stresses, including tightening credit conditions, rising risk premiums for a growing number of sovereigns, simultaneous deleveraging by governments and households, and weakening economic growth prospects.
It also cited political obstacles to a solution to the crisis due to "an open and prolonged dispute among European policymakers over the proper approach to address challenges."
Austerity and budget discipline alone were not sufficient to fight the debt crisis and risked becoming self-defeating, the ratings agency said.
German Finance Minister Wolfgang Schaeuble played down the news, saying: "In the past months, we've come to agree that the ratings agencies' judgments should not be overvalued."
France and Austria were at risk because of their banks' exposure to the debt of peripheral euro-zone countries and Hungary respectively, as well as the weakening economic outlook for Europe. Italy and Spain face historically high borrowing costs.
The cut in France's rating is a serious setback for the center-right Sarkozy's chances of re-election in May and could weaken the euro zone's rescue fund, reducing its ability to help countries in difficulty.
France is the second-largest guarantor of the European Financial Stability Facility, which has a AAA rating.
John Chambers, chairman of S&P's sovereign rating committee, said preserving that status would require the four remaining AAA-rated guarantors to increase their commitments.
That could prove politically unpopular. Voters in Germany, Finland and the Netherlands have resisted lending more support to what they consider less prudent euro-zone countries.
Preserving that status would require members to increase their guarantees, which could prove politically unpopular.
In their statement, the euro-zone finance ministers said they would do all they could to ensure the rescue fund keeps its top rating.
After vowing for months to do everything to preserve Paris' top-notch standing, Sarkozy appeared to prepare voters last month for the loss of the prized status before the election.
His political opponents pounced on the S&P decision as a verdict on the failure of his policies.
"This is in reality a double downgrade. It is a downgrade of our sovereign rating that will affect the country's reputation, with heavy consequences, and it is also a downgrade compared to our main neighbor, Germany, with which we had equal status up to now," centrist candidate Francois Bayrou said.
Socialist party leader Martine Aubry said: "Mr Sarkozy will be remembered as the president who downgraded France."
It is not clear how far the downgrade will increase France's borrowing costs, since markets have already anticipated the prospect by raising the French risk premium over German Bunds.
"One notch is priced in, but not more. The Franco-German spread can widen. It is about 130 basis points for the 10-year bond. The maximum level reached was 180 to 190 basis points and it can go back to this level," said Alessandro Giansanti, senior rates strategist at ING in Amsterdam.
(Additional reporting by Reuters euro zone bureaux; Writing by Paul Taylor; Editing by Mike Peacock and Jan Paschal)
BERLIN (Reuters) - Ratings downgrades in the euro zone by S&P underline why Europe must seal a pact to tighten fiscal rules quickly and get its permanent bailout fund up and running as soon as possible, German Chancellor Angela Merkel said on Saturday.
"We are now challenged to implement the fiscal compact even quicker ... and to do it resolutely, not to try to soften it," she said at a meeting of conservatives in the northern city of Kiel.
"We will also work particularly to implement the permanent stability mechanism, the ESM, so soon as possible -- this is important regarding investor trust."
Standard & Poor's on Friday downgraded the credit ratings of nine out of 17 euro zone countries. Germany kept its AAA rating, while France and Austria lost theirs.
The S&P move was not a surprise, Merkel said.
"It is one of three ratings agencies," she added. "We have taken it into account. It did not surprise us completely, given the discussion in the past weeks."
Turning to Europe's current bailout fund, the EFSF, Merkel said that the downgrade should not affect its operation.
"The necessary tasks that the EFSF must fulfill in the coming months, I very much believe, can be fulfilled with the current methods."
"The interest rates for the acceptance of certain bonds had already risen a bit anyway -- the work of the EFSF will not be torpedoed. I see no need to change anything regarding the EFSF."
(Reporting by Brian Rohan, editing by Jane Baird)
PIIGS FLU ^_^
BERLIN (Reuters) - Ratings downgrades in the euro zone by S&P underline why Europe must seal a pact to tighten fiscal rules quickly and get its permanent bailout fund up and running as soon as possible, German Chancellor Angela Merkel said on Saturday.
"We are now challenged to implement the fiscal compact even quicker ... and to do it resolutely, not to try to soften it," she said at a meeting of conservatives in the northern city of Kiel.
"We will also work particularly to implement the permanent stability mechanism, the ESM, so soon as possible -- this is important regarding investor trust."
Standard & Poor's on Friday downgraded the credit ratings of nine out of 17 euro zone countries. Germany kept its AAA rating, while France and Austria lost theirs.
The S&P move was not a surprise, Merkel said.
"It is one of three ratings agencies," she added. "We have taken it into account. It did not surprise us completely, given the discussion in the past weeks."
Turning to Europe's current bailout fund, the EFSF, Merkel said that the downgrade should not affect its operation.
"The necessary tasks that the EFSF must fulfill in the coming months, I very much believe, can be fulfilled with the current methods."
"The interest rates for the acceptance of certain bonds had already risen a bit anyway -- the work of the EFSF will not be torpedoed. I see no need to change anything regarding the EFSF."
(Reporting by Brian Rohan, editing by Jane Baird)
PIIGS FLU ^_^
THE FTSE Bursa Malaysia Kuala Lumpur Composite Index(FBM KLCI) closed marginally higher for the second trading week of the year. The index rebounded on four out of the five trading days under review.
Heavyweight index-linked counters continued to dominate trading activities.
The FBM KLCI trended between a low of 1,513.35 and a high of 1,526.27 during the week. It closed at 1,523.07 yesterday, giving a week-on-week gain of 8.94 points.
The FBM KLCI opened marginally higher at 1,515.06 on Monday before hitting its intra-week low of 1,513.35. The benchmark index then trended within a tight range for the rest of the week.
PETALING JAYA: Malaysia's crude palm oil (CPO) in 2011 posted new records in terms of production at 18.9 million tonnes, exports at 18 million tonnes and the average price of RM3,247 per tonne respectively.
A year earlier, production stood at 16.9 million tonnes, exports at 16.7 million tonnes and average CPO price at RM2,701 per tonne respectively.
Malaysian Palm Oil Board (MPOB) in its December 2011 statistics released on Tuesday showed that end-December palm oil stocks closed higher at 2.04 million tonnes, compared with 1.62 million tonnes in December 2010.
The 2011 end-December stock, had stayed above the two million tonnes mark for the fourth consecutive months.
Historically, analysts said inventory remained above two million tonnes for only two consecutive months.
For the month under review, CPO production fell to a nine-month low at 1.49 million tonnes, exports down 4.5% to 1.59 million tonnes but average price of fresh fruit bunches rose to RM33.2 per tonne versus RM32.82 per tonne in the previous month.
Based on the latest MPOB statistics, a trader told StarBiz that CPO could likely stay at about RM3,000 per tonne in the first quarter of 2012, but the situation might change for the remaining part of the year.
“Fundamentals are getting weaker on ample supply situation amid weaker demand given a protracted debt crisis in the United States and Europe,” he said.
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Furthermore, Indonesia's massive new planting in 2008 of almost 600,000ha, will also start to hit the world market in 2012 and 2013.
Maybank IB Research in its latest report said local inventory this month could likely remain at two million tonnes “if palm oil downtrend sales trend persist.”
Independent cargo surveyors, Societe Generale de Surveillance (SGS) and Intertek had estimated a 19% drop at 352,800 tonnes and a 16% drop at 371,635 tonnes in exports during the first 10 days of January.
The research unit is maintaining its average CPO price forecast at RM2,600 per tonne in 2012 for now against RM3,247 in 2011 as “we have imputed an external economic slowdown that will hurt global demand.”
However, it will also closely monitor recent dry spell in South America that may result in some soybean crop damages and could eventually lead the unit to revise slightly upwards its CPO price assumption.
Meanwhile, OSK Research in its regional plantation sector is maintaining the average CPO price for 2012 at RM3,000 per tonne as “we believe that palm oil will be in an abundant supply this year.”
While the research unit does not believe the current price rally will sustain beyond the first quarter, it expects there would be more upside in the immediate term as concerns over South America's soybean planting and seasonally weak production will be supportive of higher prices.
“We believe that CPO price will undergo an unexciting period after the first quarter peak as production hits trough and an upcycle begins.
“It is too early to be overweight on the sector but we do think that 2013 will see the start of several years of strengthening palm oil price as supply in Indonesia potentially reaches a plateau,” added OSK Research.
By: The Star
Oh yea btw please read my previous post :
http://tokancorner.com/2012/01/bursa-malaysia-fkli-futures-trading/cpo-futures/
Well here a messy chart... i need your guys help me to determine which one is the correct one. The first picture or the second one ??
Well nothing to type...as people said a picture will have 1000 meaning :) So i just uploaded the picture only then... hahha
What do u think ??
Dagangan Hadapan Malaysia FKLI Oleh Tokan Corner :
Please Use Google Translate
Sebagai carta dan Andrew Pitchfork menunjukkan. FKLI telah berhenti di tengah-tengah jajaran Andrew Pitchfork. EMA dan SMA masih berada dalam isyarat “Belian” . Walaubagaimanapun para traders disarankan untuk “ Buy On Dips “ pada mata 1487-1497 sekiranya berlaku pengambilan untung akibat telah berada pada paras rintangan di tengah-tengah Andrew Pithcfork.
Pasaran Dow Jones pada jumaat lepas tidak memberansangkan walaupun data yang dikeluarkan agak baik. Ini kerana keadaan di Eropah masih tidak menentu dan akibat beberapa penurunan rating yang telah berlaku.
Dan tidak terlambat bagi saya untuk mengucapkan “ Selamat Tahun Baru 2012” buat semua pembaca “tokancorner.com” . ^_^
