Tuesday, 31 December 2013


Ringgit rises 0.2% to 3.2892 per dollar; 
pivot point at 3.2912; 
resistance at 3.2849, 3.2797, 3.2682; 
support at 3.2964, 3.3027, 3.3142. 
 * USD/MYR 14-day RSI falls to 68, showing dollar near overbought level 
 * One-month implied volatility rises 12 bps to 7.6550%; this year’s average is 7.9878% 
 * One-month forwards gain 0.2% to 3.2942; 12-mo. contracts up 0.1% at 3.3548 
 * ANZ sees heavy govt bond supply in Malaysia next quarter and continues to favor 7-yr notes over long end of the curve, according to note dated Dec. 27; says fewer MGS and GII will be maturing in 1Q while maturities will be heavier in 2Q and 3Q, making net-duration supply higher in 1Q 
 * Nation saw stock outflow slow last week, partly due to seasonally-thin trading volume, while outflow still continued for 12th consecutive week, MIDF Amanah Investment Bank Berhad says in report dated Dec. 29, citing exchange data; says outflow fell to 114.1m ringgit, lowest in the period...
(Some excerpts from Bloomberg dated Dec. 31)