Thursday, December 17, 2015

Federal Reserve rate hike

The Federal Open Market Committee (FOMC) voted unanimously to raise the Federal Funds Rate (FFR) by 0.25 percentage points on Wednesday.

World bourses including Bursa Malaysia responded positively to the rate hike.

Bursa Malaysia FBMKLCI gained 22 points to 1,656. Since mid August 2015, FBMKLCI has been forming the wave (ii) of its major wave 5



This 22 points jump is likely to mark the end of its wave (ii) if KLCI can continue to move higher in the next few days.


However, if KLCI is unable to break its upper resistance line in the next few days and starts to move lower, then it is heading for wave e of (ii)



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1 comment:

  1. Hi Mr Chan,

    Could you help me with the count for MYEG if you do not mind? many thanks

    ReplyDelete