Market Update

Stock market continue to fall in all region, except for China.

JPY Yen carry trade continue to rewind as investor fear of foreign riskier asset now and as well as due to the comments made by Omi a day before. On the other side USD stronger before the FOMC meeting.

Oil & Gold price fall this morning, thus AUD suffer also. Whereby the NZD still find some support, despite the RBNZ stressed that continuous intervention will be inforce.

Base on today's data, the market seems not done with the profits taking or emotional selling. But S&P 500 still within safety range not reach 1490 yet. So, tonight Dow's market reaction will give a clearer picture.