Trust Bank Singapore, New Digital Bank Freebies!

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Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving...
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Asian Stocks Poised for Steep Correction

Have you read the latest Elliott Wave International's Asian-Pacific Financial Forecast (APFF) report released on August 28, 2009?


Below extracts of what was reported in Bloomberg yesterday, August 31, 2009, based on the APFF:

  1. Asian stocks are due for their “largest correction” since rallying from their March lows as the region’s major indexes complete “intermediate tops.”

  1. The benchmark MSCI Asia Pacific Index has climbed 62 percent from a more than five-year low on March 9 on speculation stimulus packages and lower borrowing costs will revive the global economy.

  1. Australia’s S&P/ASX 200 Index looks “bearish” because it has advanced for three-consecutive waves. “That puts it most at risk of a deep retracement.”

  1. China’s Shanghai Composite Index and South Korea’s Kospi Index are “breaking down.” The Chinese gauge was the world’s best-performing major index until it peaked at 3,478 on Aug. 4, after a five-wave rally that began in October. The weakness in the Kosdaq index signals a decline in the broader market.

  1. “When secondary indexes weaken, it often signals that the market’s speculative ‘animal spirits’ are waning.” As in South Korea, a similar trend is developing in China where the Shenzhen Small and Medium Enterprises Index has fallen below the “lower channel line.”

  1. Channel lines mark upper and lower price trends, with the upper line indicating resistance and the lower line support. If the price breaks out of the channel, it may indicate a new direction for prices.

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