Tuesday 28 May 2013

Market Update - 28 May 2013


  • With New York and London out yesterday, there is not much for me to report today as it was pretty much a quiet quiet market overnight and this morning so far.
  • USDMYR opened a touch higher this morning at 3.0350 as EURUSD trades lower at 1.2890 and AUDUSD hits support level of 0.9600. No change in the expected trading range at 3.0100-3.0600 for today and with little data expected this week and NY and London only coming back in after we are off, im expecting a quiet day ahead.
  • Gold rose to 1,395 from the Friday close at 1,388, as the precious metal attains a bid tone from the volatile markets in Japan due to hedging activities.
  • European equity markets had some gains but we reckon the correction in markets will be the key theme next few weeks. The German DZX rising 0.94%; the French CAC ended the day with a 0.97% gain; the Milan Index surged 1.55% higher while the Spanish IBEX ended the day up 1.2%.

Sunday 26 May 2013

Market Update - 27 May 2013


Expecting a quiet day today with US out for Memorial Day and also no meaningful data expected for today. USDMYR opened higher at 3.0400 and expected to trade on the higher range of 3.0100-3.0600.

The Dollar strength we have been calling since past few weeks we think have finally arrived and probably just started or in the middle of it. We called the Dollar rally on the back of risk aversion and correction in equity markets and we think both has started.

On top of that, with every country weakening their currencies, this fuelled further Dollar strength as it is the default pair against most currencies. USDJPY gave a reminder to market not to be overly zealous with buying USDJPY as the outflow in the selldown in the Japanese Equity markets cause the pair to turn from 103.50 to 100.90, it will be interesting to see if the bids at 100.00 can support or we can see it break down below 100.00.

AUDUSD also at another critical trading level, a break of 95.80 will open the steep fall to 93.00 but if we are supported here, market could bring the pair back towards 97.80 and the strong resistance at 98.80. But make no mistake it will still be USD strength in the coming weeks and it will be an interesting one to watch.
And to share something on China policy update from our S’pore research desk:

· China’s State Council released the policy guideline on 24 May to support the economic reform. The clearly written reform agenda is the boldest plan in decades in our view. The approved policy guideline covers reforms on seven major topics including:

1) Streamlining administrative process.

2) Taxation reforms (such as expanding pilot program of business tax to VAT and imposing resource tax on coal and expanding the pilot program of property tax)

3) Financial system reforms (including interest rate and currency liberalization, improving OTC equity market and launching the deposit insurance system)

4) Investment and funding structure reform including allowing private capital to invest in finance, energy, railways and telecommunication sectors.

5) Resource pricing system reform such as electricity pricing reform.

6) Social security reform including improving medical insurance system and unemployment benefit, enhancing the surveillance over the food and medicine safety, protecting environment.

7) Urbanization and urban & rural planning reform, in particular push forward the household registration system reform.


· Meanwhile, China’s reform willingness was reinforced by Chinese President Xi Jinping who mentioned during the same day that China won’t sacrifice the environment to ensure short term growth, signaling a higher tolerance for lower growth target from the new leadership. The recent rising awareness among local residents about environmental protection has led to rapidly increasing number of demonstrations in local government levels against the investment in industrial factories. The strong tone from President Xi may delay or even cancel some investment projects, which may lead to slower growth.



· Although China is moving swiftly to a quality centric growth model, we should still not downplay the role of government led investment as China’s urbanization process is likely to ask for big amount of investment. The official from China’s economic planning agency National Development and Reform Commission denied a media report that the proposed urbanization development plan by NDRC was denied by Premier Li due to concerns on CNY40tn urbanization spending plan may add to local government debt problem and property bubble concerns. The NDRC is likely to release detailed urbanization development plan sometime this year as the guideline for the next decade.

Monday 20 May 2013

INSIDE MALAYSIA: Ringgit Declines for Day 4; RBS Sees Lower MYR


INSIDE MALAYSIA: Ringgit Declines for Day 4; RBS Sees Lower MYR

By Yidi Zhao

May 20 (Bloomberg) -- Ringgit falls 0.1% to 3.0238 per dollar, pivot point at 3.0183; resistance at 3.0106, 2.9978, 2.9773; support at 3.0311, 3.0388, 3.0593.

* Issue facing Malaysian policymakers is managing growth in range of 5-6% in face of harder fiscal constraint and weaker exports, yet monetary easing can not be a solution, Royal Bank of Scotland analyst Sanjay Mathur says in note

* Authorities will need to facilitate weaker currency by either increasing intervention or simply allowing currency to adjust in line with underlying export momentum: Mathur

* Ringgit at 3.10-12 by end-year, Mathur says separately in interview

* There is scope for USD/MYR to play further catch up to upside, Westpac says in note; recommends buying dips back to 3.00/3.01 and look for move to 3.08 over coming weeks

* USD/MYR’s 50-DMA at 3.0535 crosses both 100-DMA at 3.0635 and 200-DMA at 3.0668

Market Update - 21 May 2013



  • Exciting day ahead with the RBA releasing minutes today at approximately 9.30am our time. AUDUSD overnight had an interesting price action, the pair went from 0.9750 to 0.9820 and then this morning back down to 0.9750 in a short night/morning. Personally I am expecting a dovish/less optiomistic statement from RBA this morning and the pair could test 0.9720 again, but if there’s any hint to a no cut in 4th June then we could see the pair rally back to 0.9850-0.9900.
  • A lot of course also hinges on the Fed’s minutes tmrw as market is keenly anticipating if there is going to be continued easing or if market is going to get the disappointment that Bernanke will signal the start or reduction in easing to cause the Dollar to have a potential sell off?
  • Plenty of “Taper Talk” flying around ahead of FOMC Minutes/Bernanke speech. MNI run a piece saying any mention of tapering by Bernanke would be underscored with the caveat that it does not mean an end to QE and could go on for years anyway. Goldman Sachs say they are looking for “any sign that the Committee members are becoming less comfortable with the unemployment threshold” in Wednesdays FOMC Minutes.
  • USDMYR not much changed opened around 3.0200 and waiting also on market’s direction today, likely to take the lead from RBA’s minutes shortly. Expected range still unchanged at 2.9900-3.0400. Local news not really taking any effect on the pair but the headlines that caught global attention so far seems to be this group calling the Chinese to be managed out and foreign investors aren’t taking this as a positive sign for the economy going forward.
  • A quieter than usual EU session with a public holiday however some major markets were open. Equities on fire, FTSE & DAX traded highest since the Sydney Olympics. A better than exp earnings from Europe’s Ryanair and US M&A activity (Yahoo lifting Tumblr for $1.1bln, Vista lifting Websense for $1bln) were the main drivers.
  • The S&P500 faded late on EOD profit taking to be about flat. Eurostoxx50 +0.23%.
  • The Yen bounced off its 4.5 year low vs the USD after Japans Economic Minister Akira Amari suggested it had depreciated enough “for now”
  • Spot Gold +$32 and snaps a streak of 7 consecutive lower closes....toying with the $1400 level now. On gold price, El – Erian, the co CIO for PIMCO opined that valuation has become divorced from fundamentals, just like Apple.

Thursday 16 May 2013

父母怎麼吵,也會影響孩子的性格?


  • 【父母怎麼吵,也會影響孩子的性格?】

教出孩子好性格?先給孩子一對相愛的父母吧!
小維是家中的獨生女,父母為了孩子的教養,總是給他最好、最棒的,然而,前陣子,媽媽發現小維有了一點變化,「只要一點不順她的意,她就扔東西、丟玩具、大聲哭鬧,之前不是這樣的。」剛開始以為小維身體不舒服,但隨著次數越來越頻繁,這對父母前思後想終於找到原因,原來是他們夫妻吵架時,聲音總是很吵、很大聲,還會互丟家裡的東西,剛開始女兒見到爸媽吵架時會哭,到最後就乾脆捂起耳朵、皺著眉頭,父母這才發現,女兒的性情變了。

諮商心理師許皓宜解釋,每個人與生俱來都有不可思議的潛能,但前提必須在圍繞愛與支持的環境下,這樣的潛能才會被開發,教出孩子好性格亦是如此,父母若營造出一個充滿幸福與愛的家庭,孩子自然會感到安心與放心,成長為獨立、負責、性格好的人。

到底讓孩子感到父母不相愛,會對孩子造成怎麼樣的影響呢?許皓宜說,最直接的影響就是孩子會變得「不信任人」,以至於會開始隱藏自己的性格,就連未來親密關係的建立,也會因為信任感的缺乏,容易對每一段關係沒有安全感,所以這樣的人會找很多的愛人,甚至有關係成癮的傾向,假裝讓自己的內在覺得滿足,但事實上卻很空虛。許皓宜也提出了小孩發展的五大關鍵期:

【0~1歲】孩子怎麼看世界,關鍵就在陪伴者表現出的樣子
正值爬行期的寶寶,觀察能力是最強的,對世界的初始印象也是始於這個時期,許皓宜說,「你想讓孩子用甚麼樣的觀點看世界,關鍵就在孩子0~1歲時,陪伴者表現出的樣子。」舉個例子來說,若爸爸媽媽習慣在睡覺前會聊天,孩子就會曉得,原來愛的就是要互相溝通;如果爸爸媽媽總是表現的很冷漠,那麼孩子對愛的感受就是冷淡、漠不關心。

所以,你想讓孩子用怎麼樣的觀點看世界,就取決於孩子0~1歲時,你與另一半間互動的表現!


【1~3歲】你對待另一半的樣子,影響孩子未來如何對待他人
1~3歲是孩子最好動、負面情緒最多時,同時也是孩子學習負面情緒反應的最初時機。許皓宜說,這個時候:「你對待另一半的樣子,影響孩子未來如何對待他人。」所以,如果夫妻常常彼此吵架、吼叫,那麼孩子潛移默化的將吵架的模式學起來,將來就會運用此種態度對待他最親的人。

許皓宜說,這個時期,夫妻之間的吵架,要盡可能示範出:「將來期望孩子表現負面情緒的反應及態度。」


【3~6歲】父母吵架要示範出對異性的尊重
孩子3~6歲是學習性教育最早的啟蒙期,孩子開始會曉得同性跟異性的不同,比如有的孩子會開始念誦:「弟弟有小雞雞,是男生;我是女生,沒有小雞雞,」他們對兩性的性器官會有第一步的認識。所以,在父母在此時期,要儘量示範出對異性的尊重,特別是吵架時,更要表現出兩性互相尊重的態度,是孩子從小學習尊重異性的基礎。


【6~12歲】父母吵架,最容易導致與孩子關係的疏離!
「這個時候父母吵架,最容易導致與孩子關係的疏離,對孩子的影響最大,所以能不吵架,就不要吵架!」許皓宜提醒,因為孩子6~12歲時,開始接觸到同儕壓力及考試壓力,是得失心最重的時候,所以伴隨的負面想法會比較多,建議家長們可以內外兼施,讓孩子充分感受到愛的滋味,外在如時常摸孩子的頭或親暱的擁抱,告訴孩子這是表現愛的方式;內在像是對孩子的社會性行為感到支持,讓孩子充分感受到父母的溫暖關懷。


【12~18歲】家長們應多交換意見,達成共識後才與孩子溝通
青春期是孩子最矛盾的時候,他們會開始找尋自我,學習獨立,因為青春期正是孩子尋求自我認同、可望獨立的情緒變化時期。所以,家長們彼此間應多交換意見,達成共識後,才與孩子溝通,否則容易導致孩子在找尋自我的過程中產生矛盾。此外,家長們不要對這個時期的孩子有太多的管教和約束,只需營造出「爸爸媽媽永遠支持你、愛你!」讓孩子知道,不管在外碰到什麼困難,家裡永遠是最溫暖的,如此,有助孩子在找尋自我的過程中,釐清正確的道路。
┌──────────┐
│ ☑ @[566616270019911:274:母嬰Online] <= 點讚+分享  ღ
└──────────┘
    【父母怎麼吵,也會影響孩子的性格?】

    教出孩子好性格?先給孩子一對相愛的父母吧!
    小維是家中的獨生女,父母為了孩子的教養,總是給他最好、最棒的,然而,前陣子,媽媽發現小維有了一點變化,「只要一點不順她的意,她就扔東西、丟玩具、大聲哭鬧,之前不是這樣的。」剛開始以為小維身體不舒服,但隨著次數越來越頻繁,這對父母前思後想...終於找到原因,原來是他們夫妻吵架時,聲音總是很吵、很大聲,還會互丟家裡的東西,剛開始女兒見到爸媽吵架時會哭,到最後就乾脆捂起耳朵、皺著眉頭,父母這才發現,女兒的性情變了。

    諮商心理師許皓宜解釋,每個人與生俱來都有不可思議的潛能,但前提必須在圍繞愛與支持的環境下,這樣的潛能才會被開發,教出孩子好性格亦是如此,父母若營造出一個充滿幸福與愛的家庭,孩子自然會感到安心與放心,成長為獨立、負責、性格好的人。

    到底讓孩子感到父母不相愛,會對孩子造成怎麼樣的影響呢?許皓宜說,最直接的影響就是孩子會變得「不信任人」,以至於會開始隱藏自己的性格,就連未來親密關係的建立,也會因為信任感的缺乏,容易對每一段關係沒有安全感,所以這樣的人會找很多的愛人,甚至有關係成癮的傾向,假裝讓自己的內在覺得滿足,但事實上卻很空虛。許皓宜也提出了小孩發展的五大關鍵期:

    【0~1歲】孩子怎麼看世界,關鍵就在陪伴者表現出的樣子
    正值爬行期的寶寶,觀察能力是最強的,對世界的初始印象也是始於這個時期,許皓宜說,「你想讓孩子用甚麼樣的觀點看世界,關鍵就在孩子0~1歲時,陪伴者表現出的樣子。」舉個例子來說,若爸爸媽媽習慣在睡覺前會聊天,孩子就會曉得,原來愛的就是要互相溝通;如果爸爸媽媽總是表現的很冷漠,那麼孩子對愛的感受就是冷淡、漠不關心。

    所以,你想讓孩子用怎麼樣的觀點看世界,就取決於孩子0~1歲時,你與另一半間互動的表現!


    【1~3歲】你對待另一半的樣子,影響孩子未來如何對待他人
    1~3歲是孩子最好動、負面情緒最多時,同時也是孩子學習負面情緒反應的最初時機。許皓宜說,這個時候:「你對待另一半的樣子,影響孩子未來如何對待他人。」所以,如果夫妻常常彼此吵架、吼叫,那麼孩子潛移默化的將吵架的模式學起來,將來就會運用此種態度對待他最親的人。

    許皓宜說,這個時期,夫妻之間的吵架,要盡可能示範出:「將來期望孩子表現負面情緒的反應及態度。」


    【3~6歲】父母吵架要示範出對異性的尊重
    孩子3~6歲是學習性教育最早的啟蒙期,孩子開始會曉得同性跟異性的不同,比如有的孩子會開始念誦:「弟弟有小雞雞,是男生;我是女生,沒有小雞雞,」他們對兩性的性器官會有第一步的認識。所以,在父母在此時期,要儘量示範出對異性的尊重,特別是吵架時,更要表現出兩性互相尊重的態度,是孩子從小學習尊重異性的基礎。


    【6~12歲】父母吵架,最容易導致與孩子關係的疏離!
    「這個時候父母吵架,最容易導致與孩子關係的疏離,對孩子的影響最大,所以能不吵架,就不要吵架!」許皓宜提醒,因為孩子6~12歲時,開始接觸到同儕壓力及考試壓力,是得失心最重的時候,所以伴隨的負面想法會比較多,建議家長們可以內外兼施,讓孩子充分感受到愛的滋味,外在如時常摸孩子的頭或親暱的擁抱,告訴孩子這是表現愛的方式;內在像是對孩子的社會性行為感到支持,讓孩子充分感受到父母的溫暖關懷。


    【12~18歲】家長們應多交換意見,達成共識後才與孩子溝通
    青春期是孩子最矛盾的時候,他們會開始找尋自我,學習獨立,因為青春期正是孩子尋求自我認同、可望獨立的情緒變化時期。所以,家長們彼此間應多交換意見,達成共識後,才與孩子溝通,否則容易導致孩子在找尋自我的過程中產生矛盾。此外,家長們不要對這個時期的孩子有太多的管教和約束,只需營造出「爸爸媽媽永遠支持你、愛你!」讓孩子知道,不管在外碰到什麼困難,家裡永遠是最溫暖的,如此,有助孩子在找尋自我的過程中,釐清正確的道路。

警惕!身体7症状 说明你的压力太大了


  • 警惕!身体7症状 说明你的压力太大了 (你中了几条?) 

1.脖子疼 -  压力会影响骨骼肌系统,导致肌肉发酸、收缩甚至痉挛。遇到这种情况可以尝试5—10次深呼吸,轻轻按摩身体肌肉发紧的部位。如果脖子部位的肌肉中招,可试着轻轻转动颈部。

2.眼皮跳 -  医学称之为眼睑痉挛,也可由压力触发。如果长期处理比较细致的工作,就容易出现这种问题。用眼较多的人每20分钟应观赏一下窗外景色,也可以闭目休息,症状就会消退。

3.咬指甲 -  这种情形是压力诱导的心理自我保护行为。通过咬指甲满足“口欲”,让人们转移注意力。在工作时也可以用一些特殊的解压方式,比如接客户电话时,手里拿一个弹力球,一边接电话,一边揉捏、挤压。

4.有蛀牙 -  除了不讲口腔卫生外,压力也是导致蛀牙的一种方式。压力还会让人在睡梦中不时磨牙,从而使牙齿越来越脆弱。

5.青春痘 -  痘痘是身心压力水平的“晴雨表”。腹部、脸颊、胳膊上如果出现了红色皮疹、痘痘,就要问问自己近期的身心状态了。深呼吸能阻止痘痘的蔓延,但要讲究技巧。吸气时,双手上抬,呼气时,双手下落,每天5—10次。

6.肠胃不适-  你是否总担心某位亲人的健康问题,而且由于过度紧张,胃里翻江倒海呢?特别是某些问题过分关注,也会让人备感压力、焦虑,出现呕吐、恶心等症状就在所难免。

7. 爱忘事 -  研究表明,长期处于压力环境中的确会让记忆力出现问题。不过幸运的是,一旦压力消失,你的脑力还会恢复到原来的水平。专家称,运动使人思维敏捷,散步、爬楼梯、跳舞都能改善记忆力。

如果你有以上症状, 证明是时候该为自己解解压咯。。
    警惕!身体7症状 说明你的压力太大了 (你中了几条?)

    1.脖子疼 -  压力会影响骨骼肌系统,导致肌肉发酸、收缩甚至痉挛。遇到这种情况可以尝试5—10次深呼吸,轻轻按摩身体肌肉发紧的部位。如果脖子部位的肌肉中招,可试着轻轻转动颈部。

    2.眼皮跳 -  医学称之为眼睑痉挛,也可由压力触发。如果长期处理比较细致的工...作,就容易出现这种问题。用眼较多的人每20分钟应观赏一下窗外景色,也可以闭目休息,症状就会消退。

    3.咬指甲 -  这种情形是压力诱导的心理自我保护行为。通过咬指甲满足“口欲”,让人们转移注意力。在工作时也可以用一些特殊的解压方式,比如接客户电话时,手里拿一个弹力球,一边接电话,一边揉捏、挤压。

    4.有蛀牙 -  除了不讲口腔卫生外,压力也是导致蛀牙的一种方式。压力还会让人在睡梦中不时磨牙,从而使牙齿越来越脆弱。

    5.青春痘 -  痘痘是身心压力水平的“晴雨表”。腹部、脸颊、胳膊上如果出现了红色皮疹、痘痘,就要问问自己近期的身心状态了。深呼吸能阻止痘痘的蔓延,但要讲究技巧。吸气时,双手上抬,呼气时,双手下落,每天5—10次。

    6.肠胃不适-  你是否总担心某位亲人的健康问题,而且由于过度紧张,胃里翻江倒海呢?特别是某些问题过分关注,也会让人备感压力、焦虑,出现呕吐、恶心等症状就在所难免。

    7. 爱忘事 -  研究表明,长期处于压力环境中的确会让记忆力出现问题。不过幸运的是,一旦压力消失,你的脑力还会恢复到原来的水平。专家称,运动使人思维敏捷,散步、爬楼梯、跳舞都能改善记忆力。

    如果你有以上症状, 证明是时候该为自己解解压咯。。

2013年準備懷孕的女生


  • 【2013年準備懷孕的女生】

獻給想懷孕和正在懷孕的準媽媽們!請用知識給寶寶贏在起跑線吧!2013年準備懷孕滴女生來看看噢:送給你們!請分享讓更多女性知道。。

懷孕第一個月
主打營養素:葉酸
作用:防止胎兒神經器官缺陷
補充葉酸可以防止貧血、早產,防止胎兒畸形,這對妊娠早期尤為重要,因為早期正是胎兒神經器官發育的關鍵。孕媽媽要常吃富含葉酸的食物,如白米和麵粉等食物,以及菠菜,龍鬚菜、蘆筍、豆類及蘋果、柑橘、橙子等。除了食補以外,還可以口服葉酸片來保證每日所需的葉酸。

懷孕第2個月  
主打營養素:維生素C、維生素B6
作用:緩解牙齦出血、抑制妊娠嘔吐
懷孕的第2個月,有些準媽媽會發現自己在刷牙時牙齦會出血,適量補充維生素C能緩解牙齦出血的現像。同時,可以幫助提高機體抵抗力,預防牙齒疾病。生活中的維生素C來源於新鮮的水果蔬菜,比如,青椒、花菜、白菜、蕃茄、黃瓜、菠菜、檸檬、草莓、蘋果等。
Tip:烹煮以上食物時間不宜過長,以免維生素C大量流失。對於那些受孕吐困擾的準媽媽來說,維生素B6便是妊娠嘔吐的剋星。維生素VB6在麥芽糖中含量最高,每天吃1-2勺麥芽糖不僅可以抑制妊娠嘔吐,而且能使孕婦精力充沛。富含維生素B6的食品還有香蕉、馬鈴薯、黃豆、胡蘿蔔、核桃、花生、菠菜等植物性食品。動物性食品中以瘦肉、雞肉、雞蛋、魚等含量較多。

懷孕第3個月
主打營養素:鎂、維生素A
作用:促進胎寶寶生長發育
鎂不僅對胎兒肌肉的健康至關重要,而且也有助於骨骼的正常發育。近期研究表明,懷孕頭三個月攝取的鎂的數量關係到新生兒身高、體重和頭圍大小。在沙拉油、綠葉蔬菜、堅果、大豆、南瓜、甜瓜、葵花籽和全麥食品中都很容易找到鎂。另外,鎂對準媽媽的子宮肌肉恢復也很有好處。胎兒發育的整個過程都需要維生素A,它尤其能保證胎兒皮膚、胃腸道和肺部的健康。懷孕的頭三個月,胎兒自己還不能儲存維生素A,因此孕媽媽一定要供應充足。甘薯、南瓜、菠菜、芒果都含有大量的VA。

懷孕第4個月
主打營養素:鋅
作用:防止胎寶寶發育不良
這個月準媽媽需要增加鋅的攝入量。準媽媽如果缺鋅,會影響胎寶寶在子宮內的生長,會使胎兒的腦、心臟等重要器官發育不良。缺鋅會造成孕媽咪味覺、嗅覺異常,食慾減退,消化和吸收功能不良,免疫力降低,這樣勢必造成胎兒子宮內發育遲緩。富含鋅的食物有生蠔、牡蠣、肝髒、口蘑、芝麻、赤貝等,尤其在生蠔中含量尤其豐富。Tip:補鋅也要適量,每天膳食中鋅的補充量不宜超過45毫克。

懷孕第5個月
主打營養素:維生素D、鈣
作用:促進胎寶寶骨骼和牙齒的發育
孕媽咪懷孕的第5個月後,胎寶寶的骨骼和牙齒生長得特別快,是迅速鈣化時期,對鈣質的需求簡直是劇增。因此從本月起,牛奶、孕婦奶粉或酸奶是準媽媽每天必不可少的補鈣飲品。此外,還應該多吃以下這些容易攝取到鈣的食物,如:乳酪、豆腐、雞蛋或鴨蛋、蝦、魚類、海帶等。另外,準媽媽應每天服用鈣劑。需要注意的是,鈣的補充要貫穿於整個孕期始終。
當然,單純補鈣還是不夠的,維生素D可以促進鈣的有效吸收,孕媽媽要多吃魚類、雞蛋,另外曬太陽也能製造VD,孕媽媽可以適當曬曬太陽,但是首先要做好防曬工作。

懷孕第6個月
主打營養素:鐵
作用:防止缺鐵性貧血
此時的準媽媽和胎寶寶的營養需要量都在猛增。許多準媽媽開始出現貧血症狀。鐵是組成紅細胞的重要元素之一,所以,本月尤其要注意鐵元素的攝入。為避免發生缺鐵性貧血,準媽媽應該注意膳食的調配,有意識地吃一些含鐵質豐富的蔬菜、動物肝髒、瘦肉、雞蛋等。還可以從這個月開始每天口服0.3—0.6克硫酸亞鐵。

懷孕第7個月
主打營養素:“腦黃金”
作用:保證嬰兒大腦和視網膜的正常發育
媽咪可以交替地吃些富含DHA類的物質,如富含天然亞油酸、亞麻酸的核桃、松子、葵花子、杏仁、花生等堅果類食品,此外還包括海魚、魚油等。這些食物富含胎寶寶大腦細胞發育所需要的必需脂肪酸,有健腦益智的作用。

懷孕第8個月
主打營養素:碳水化合物
作用:維持身體熱量需求
第8個孕月,胎兒開始在肝臟和皮下儲存糖原及脂肪。此時如碳水化合物攝入不足,將造成蛋白質缺乏或酮症酸中毒,所以孕8月應保證熱量的供給,增加主糧的攝入。一般來說,準媽媽每天平均需要進食400g左右的穀類食品,這對保證熱量供給、節省蛋白質有著重要意義。另外在主食之外,要增加一些粗糧,比如小米、玉米、燕麥片等。

懷孕第9個月
主打營養素:膳食纖維
作用:防止便秘,促進腸道蠕動
孕後期,逐漸增大的胎寶寶給準媽媽帶來負擔,準媽媽很容易發生便秘。由於便秘又可發生內外痔。為了緩解便秘帶來的痛苦,孕媽咪應該注意攝取足夠量的膳食纖維,以促進腸道蠕動。全麥麵包、芹菜、胡蘿蔔、白薯、豆芽、菜花等各種新鮮蔬菜水果中都含有豐富的膳食纖維。孕媽咪還應該適當進行戶外運動,並養成每日定時排便的習慣。

懷孕第10個月
主打營養素:硫胺素(維生素B1)
作用:避免產程延長,分娩困難
最後一個月裡,必須補充各類維生素和足夠的鐵、鈣、充足的水溶性維生素,尤其以硫胺素最為重要。如果硫胺素不足,易引起準媽媽嘔吐、倦怠、體乏,還可影響分娩時子宮收縮,使產程延長,分娩困難。硫胺素在海魚中的含量比較高。
┌──────────┐
│ ☑ @[566616270019911:274:母嬰Online] <= 點讚+分享 ღ
└──────────┘
    【2013年準備懷孕的女生】

    獻給想懷孕和正在懷孕的準媽媽們!請用知識給寶寶贏在起跑線吧!2013年準備懷孕滴女生來看看噢:送給你們!請分享讓更多女性知道。。

    懷孕第一個月
    ... 主打營養素:葉酸
    作用:防止胎兒神經器官缺陷
    補充葉酸可以防止貧血、早產,防止胎兒畸形,這對妊娠早期尤為重要,因為早期正是胎兒神經器官發育的關鍵。孕媽媽要常吃富含葉酸的食物,如白米和麵粉等食物,以及菠菜,龍鬚菜、蘆筍、豆類及蘋果、柑橘、橙子等。除了食補以外,還可以口服葉酸片來保證每日所需的葉酸。

    懷孕第2個月  
    主打營養素:維生素C、維生素B6
    作用:緩解牙齦出血、抑制妊娠嘔吐
    懷孕的第2個月,有些準媽媽會發現自己在刷牙時牙齦會出血,適量補充維生素C能緩解牙齦出血的現像。同時,可以幫助提高機體抵抗力,預防牙齒疾病。生活中的維生素C來源於新鮮的水果蔬菜,比如,青椒、花菜、白菜、蕃茄、黃瓜、菠菜、檸檬、草莓、蘋果等。
    Tip:烹煮以上食物時間不宜過長,以免維生素C大量流失。對於那些受孕吐困擾的準媽媽來說,維生素B6便是妊娠嘔吐的剋星。維生素VB6在麥芽糖中含量最高,每天吃1-2勺麥芽糖不僅可以抑制妊娠嘔吐,而且能使孕婦精力充沛。富含維生素B6的食品還有香蕉、馬鈴薯、黃豆、胡蘿蔔、核桃、花生、菠菜等植物性食品。動物性食品中以瘦肉、雞肉、雞蛋、魚等含量較多。

    懷孕第3個月
    主打營養素:鎂、維生素A
    作用:促進胎寶寶生長發育
    鎂不僅對胎兒肌肉的健康至關重要,而且也有助於骨骼的正常發育。近期研究表明,懷孕頭三個月攝取的鎂的數量關係到新生兒身高、體重和頭圍大小。在沙拉油、綠葉蔬菜、堅果、大豆、南瓜、甜瓜、葵花籽和全麥食品中都很容易找到鎂。另外,鎂對準媽媽的子宮肌肉恢復也很有好處。胎兒發育的整個過程都需要維生素A,它尤其能保證胎兒皮膚、胃腸道和肺部的健康。懷孕的頭三個月,胎兒自己還不能儲存維生素A,因此孕媽媽一定要供應充足。甘薯、南瓜、菠菜、芒果都含有大量的VA。

    懷孕第4個月
    主打營養素:鋅
    作用:防止胎寶寶發育不良
    這個月準媽媽需要增加鋅的攝入量。準媽媽如果缺鋅,會影響胎寶寶在子宮內的生長,會使胎兒的腦、心臟等重要器官發育不良。缺鋅會造成孕媽咪味覺、嗅覺異常,食慾減退,消化和吸收功能不良,免疫力降低,這樣勢必造成胎兒子宮內發育遲緩。富含鋅的食物有生蠔、牡蠣、肝髒、口蘑、芝麻、赤貝等,尤其在生蠔中含量尤其豐富。Tip:補鋅也要適量,每天膳食中鋅的補充量不宜超過45毫克。

    懷孕第5個月
    主打營養素:維生素D、鈣
    作用:促進胎寶寶骨骼和牙齒的發育
    孕媽咪懷孕的第5個月後,胎寶寶的骨骼和牙齒生長得特別快,是迅速鈣化時期,對鈣質的需求簡直是劇增。因此從本月起,牛奶、孕婦奶粉或酸奶是準媽媽每天必不可少的補鈣飲品。此外,還應該多吃以下這些容易攝取到鈣的食物,如:乳酪、豆腐、雞蛋或鴨蛋、蝦、魚類、海帶等。另外,準媽媽應每天服用鈣劑。需要注意的是,鈣的補充要貫穿於整個孕期始終。
    當然,單純補鈣還是不夠的,維生素D可以促進鈣的有效吸收,孕媽媽要多吃魚類、雞蛋,另外曬太陽也能製造VD,孕媽媽可以適當曬曬太陽,但是首先要做好防曬工作。

    懷孕第6個月
    主打營養素:鐵
    作用:防止缺鐵性貧血
    此時的準媽媽和胎寶寶的營養需要量都在猛增。許多準媽媽開始出現貧血症狀。鐵是組成紅細胞的重要元素之一,所以,本月尤其要注意鐵元素的攝入。為避免發生缺鐵性貧血,準媽媽應該注意膳食的調配,有意識地吃一些含鐵質豐富的蔬菜、動物肝髒、瘦肉、雞蛋等。還可以從這個月開始每天口服0.3—0.6克硫酸亞鐵。

    懷孕第7個月
    主打營養素:“腦黃金”
    作用:保證嬰兒大腦和視網膜的正常發育
    媽咪可以交替地吃些富含DHA類的物質,如富含天然亞油酸、亞麻酸的核桃、松子、葵花子、杏仁、花生等堅果類食品,此外還包括海魚、魚油等。這些食物富含胎寶寶大腦細胞發育所需要的必需脂肪酸,有健腦益智的作用。

    懷孕第8個月
    主打營養素:碳水化合物
    作用:維持身體熱量需求
    第8個孕月,胎兒開始在肝臟和皮下儲存糖原及脂肪。此時如碳水化合物攝入不足,將造成蛋白質缺乏或酮症酸中毒,所以孕8月應保證熱量的供給,增加主糧的攝入。一般來說,準媽媽每天平均需要進食400g左右的穀類食品,這對保證熱量供給、節省蛋白質有著重要意義。另外在主食之外,要增加一些粗糧,比如小米、玉米、燕麥片等。

    懷孕第9個月
    主打營養素:膳食纖維
    作用:防止便秘,促進腸道蠕動
    孕後期,逐漸增大的胎寶寶給準媽媽帶來負擔,準媽媽很容易發生便秘。由於便秘又可發生內外痔。為了緩解便秘帶來的痛苦,孕媽咪應該注意攝取足夠量的膳食纖維,以促進腸道蠕動。全麥麵包、芹菜、胡蘿蔔、白薯、豆芽、菜花等各種新鮮蔬菜水果中都含有豐富的膳食纖維。孕媽咪還應該適當進行戶外運動,並養成每日定時排便的習慣

    懷孕第10個月
    主打營養素:硫胺素(維生素B1)
    作用:避免產程延長,分娩困難
    最後一個月裡,必須補充各類維生素和足夠的鐵、鈣、充足的水溶性維生素,尤其以硫胺素最為重要。如果硫胺素不足,易引起準媽媽嘔吐、倦怠、體乏,還可影響分娩時子宮收縮,使產程延長,分娩困難。硫胺素在海魚中的含量比較高。

汽車室內溫度由 55℃降至25℃的簡易法!!!


  • 【汽車室內溫度由 55℃降至25℃的簡易法!!!】

夏天將至,如果是開車族,這個訣竅請記得用。省錢、環保又衛生。

幾十秒之內就能使車內溫度由 55℃降至25℃

夏天裡如果你把車子停在大太陽底下,不消幾個小時,車內溫度就會升到 55℃ ,這時候你該怎麼辦?

是打開車窗等個十分鐘呢?還是發動引擎打開冷氣? 如果你手邊有一罐汽車冷卻劑(instant car cooler),只要打開蓋子,同車內噴幾秒鐘,一會兒你就可以馬上跳進車子絕塵而去。 這一罐汽車冷卻劑可以在幾十秒之內就能使車內溫度由 55℃ 降至 25℃ 。 這種汽車冷卻劑到底裝了什麼神奇的東西呢? 說來難以令人置信,只不過是水及酒精而已。
這個水一酒精的溶液由噴霧罐出來以後就形成細小的水滴,小水滴迅速在車內蒸發。我們知道當液體蒸發時,它的分子必須由附近吸收蒸發熱 (heat of vaporization),因此可使周圍空氣迅速降溫。動物利用排汗來維持體溫,在皮膚上用酒精棉花球塗一下會有清涼的感覺,都是基於液體蒸發時必須吸熱的道理。

這個發明的構想是一位華人物理學家由他十二歲兒子的身上得來的。他的兒子一直拒絕在夏天爬進他們熱得像火爐的車子。他想起夏天裡一陣雷雨會一掃夏日的悶熱,於是決定仿效大自然利用水來冷卻車子,他並決定借助酒精來做這件事,因為酒精比水更容易蒸發。因此他設計了噴霧罐,把水及酒精放在裡面,如果噴嘴大小適當,便形成細小的水滴立刻蒸發了。
當 一克 的水在 55℃ 蒸發時,它吸收2.36千焦的熱量,而蒸發 一克 的乙醇酒精吸收0.85千焦耳。 市售的汽車冷卻劑含有10﹪的酒精、90﹪的水及極少量的香料。 噴霧罐利用氮氣加壓而不使用氟氯碳化物,以避免破壞大氣中的臭氧層。 這是利用簡單的化學來解決生活大事的一個好例子。

自己做吧!
材料:藥用酒精(乙醇)一瓶、水、帶有手握噴頭的瓶子。
方法:將約 50cc的藥用酒精,加上 450cc的水,裝入瓶中,輕輕搖晃,使其混合即可。
使用:打開車門,將瓶子向車內噴個幾下即可(手握),試試吧。

资料取自 :https://www.facebook.com/profile.php?id=100002858388050


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    【汽車室內溫度由 55℃降至25℃的簡易法!!!】

    夏天將至,如果是開車族,這個訣竅請記得用。省錢、環保又衛生。

    幾十秒之內就能使車內溫度由 55℃降至25℃
    ...
    夏天裡如果你把車子停在大太陽底下,不消幾個小時,車內溫度就會升到 55℃ ,這時候你該怎麼辦?

    是打開車窗等個十分鐘呢?還是發動引擎打開冷氣? 如果你手邊有一罐汽車冷卻劑(instant car cooler),只要打開蓋子,同車內噴幾秒鐘,一會兒你就可以馬上跳進車子絕塵而去。 這一罐汽車冷卻劑可以在幾十秒之內就能使車內溫度由 55℃ 降至 25℃ 。 這種汽車冷卻劑到底裝了什麼神奇的東西呢? 說來難以令人置信,只不過是水及酒精而已。
    這個水一酒精的溶液由噴霧罐出來以後就形成細小的水滴,小水滴迅速在車內蒸發。我們知道當液體蒸發時,它的分子必須由附近吸收蒸發熱 (heat of vaporization),因此可使周圍空氣迅速降溫。動物利用排汗來維持體溫,在皮膚上用酒精棉花球塗一下會有清涼的感覺,都是基於液體蒸發時必須吸熱的道理。

    這個發明的構想是一位華人物理學家由他十二歲兒子的身上得來的。他的兒子一直拒絕在夏天爬進他們熱得像火爐的車子。他想起夏天裡一陣雷雨會一掃夏日的悶熱,於是決定仿效大自然利用水來冷卻車子,他並決定借助酒精來做這件事,因為酒精比水更容易蒸發。因此他設計了噴霧罐,把水及酒精放在裡面,如果噴嘴大小適當,便形成細小的水滴立刻蒸發了。
    當 一克 的水在 55℃ 蒸發時,它吸收2.36千焦的熱量,而蒸發 一克 的乙醇酒精吸收0.85千焦耳。 市售的汽車冷卻劑含有10﹪的酒精、90﹪的水及極少量的香料。 噴霧罐利用氮氣加壓而不使用氟氯碳化物,以避免破壞大氣中的臭氧層。 這是利用簡單的化學來解決生活大事的一個好例子。

    自己做吧!
    材料:藥用酒精(乙醇)一瓶、水、帶有手握噴頭的瓶子。
    方法:將約 50cc的藥用酒精,加上 450cc的水,裝入瓶中,輕輕搖晃,使其混合即可。
    使用:打開車門,將瓶子向車內噴個幾下即可(手握),試試吧。

    资料取自 :https://www.facebook.com/profile.php?id=100002858388050

濕毛巾綁腿退燒 連中醫師都認同有效


Malaysia Palm Oil ITS Data 1-15 May 2013


ITS (1-15 May) = 599300 v 648275 (down 7.55%)

Malaysia Palm Oil SGS Data 1-15 May 2013


SGS (1-15 May) = 611277 v 629990(dow​n 2.97%)

INSIDE MALAYSIA: Ringgit Falls; Benchmark Rate on Hold


By Yidi Zhao

May 16 (Bloomberg) -- Ringgit weakens for second day, dropping 0.2% to 3.0066 per dollar; pivot point at 3.0097; resistance at 2.9971, 2.9749, 2.9401; support at 3.0319, 3.0445, 3.0793.

* Nation’s GDP rose 4.1% in 1Q, trailing median forecast for 5.5% expansion in Bloomberg survey; data released after local financial markets closed for trading yesterday

* Prime Minister Najib Razak announced new ministerial line-up yesterday

* BNM’s mandate is to ensure “orderly functioning” of foreign-exchange markets: Governor Zeti Akhtar Aziz; says central bank doesn’t rely on overall trend in currency to achieve stronger growth

* Currency approaching 23.6% Fibonacci retracement of rally from June through May 8 at 3.0001

* Given benign inflation readings, risk of weaker growth in coming quarters could open door for BNM to consider monetary easing, Bank of America Merrill Lynch says in note; maintains view BNM will stay on hold this year

* Societe Generale sees upside pressure on USD/MYR and NDF

Market Update 16 May 2013



· For a change last night was relatively quiet. Basically we feel it was mostly profit taking on a long Dollar trades and resulted in some Dollars being sold off. USDJPY tracked back towards 102.00 while AUDUSD track back towards 0.9900.

· USDMYR still trading around the 3.0000 handle and like I mentioned yesterday key tmrw is where USDMYR closes on Friday. This will determine the trading range to start next week. Range this week still at 2.9700-3.0200. Downside of too strong a Ringgit could see Negara come in and support the level I suspect.

· AUDMYR at 2.9800, GBPMYR at 4.5800 and SGDMYR at 2.4180.

· The data were mostly soft. French, German then Italian GDP all disappointed early. CBA lower their EU 2013 GDP forecast to -0.7% on the back of those figures.

· Despite fairly dull data equites across the board are all up. Around 1:00am (after all data) the S&P500 broke previous highs and looked to trigger another round of stop buying. Both S&P500 & Eurostoxx50 +0.50%, the FTSE +0.11%.

· UK ILO Unemployment was a soft print for Q1. Wage pressures are increasing. Future jobs forecasts look sluggish but bear in mind UK employment was fairly resilient through the leanest recent quarters. The BoE raised growth forecasts upward....they expect GDP growth of 0.5% this qtr from 0.3% in the last. They also see inflation topping out at 3.1% in 3rd Qtr.

· US Empire Manufacturing slipped back under 00 unexpectedly in its 3rd straight monthly decline.

· US NAHB Housing Market Index improved in a rare positive surprise but still well in negative territory.

· US Industrial Production also slipped back into negative territory, this was the worst US figure of the evening with prior revisions ruling out earlier weakness being due to Easter/seasonal factors.

· US PPI was as expected (steepest drop in 3yrs on tumbling fuel & food costs). There’s no inflation threat in the pipe.

· Despite fairly dull data equites across the board are all up. Around 1:00am (after all data) the S&P500 broke previous highs and looked to trigger another round of stop buying. Both S&P500 & Eurostoxx50 +0.50%, the FTSE +0.11%.

Tuesday 14 May 2013

Market Update - 13 May 2013



  • US Dollar is the theme for the coming week. If you all recall I have been calling for a Dollar rally since a couple weeks back and this could be the rally I’m calling for, but still too early to validate.
  • Although sell in May and go away holds for Equities, but as all asset classes are correlated, this risk off in equities should also be tracked closely for FX and other asset class. I would be very cautious as we head towards end May and June.
  • G10s is dragging everything higher, let’s start with AUDUSD, as of now it’s already below parity and if RBA continue to cut the cash rates to 2.50-2.25%, then good chance we can see the pair test 0.9880 the previous support. AUDMYR is already sub 3.0000 and looks to be heading lower.
  • UK still looking bleak, they just avoided a dip back into recession but GBPUSD still looks likely to dip lower as 1.5300 support looks a little iffy now. GBPMYR at 4.6000, and much like AUDMYR looks likely to head lower in the short term.
  • How can I not touch about USDJPY as well, the break above 100.00 is validated to be a firm break and its going to be a buy on dips from here on, but somehow even though the trend is your friend I really don’t know how high can it really go.
  • USDMYR and USD/Asia is also heading higher. USDMYR opened back up above 3.0000 and we should see the pair track back towards the 3.0300 resistance. Trading range for the week 2.9700-3.0300, bias on the upside. I know market is pretty long USDMYR but for those players who haven’t turn long by now, you could be in for some real pain.
  • US likely to have a 0.2% decline in top-line April retail sales, reflecting a decline in motor vehicle sales and lower gas station receipts. It will be interesting to see if US Equities market will continue to rally the way it has and continue to make new highs. Old saying goes, what goes up has to come down…and healthily so if we are to look for a longer more sustainable run up.

Market Update - 14 May 2013



  • Sharper US Retail Trade print got market a little risk on towards 2nd half of New York. Auto’s & Building Materials lead the strength & also gas sales fell much less than expected.
  • The headline Retail Sales print was a positive & previous were revised up. We need to see further prints but if spending remains at these levels GDP forecasts on the street will definitely be revised higher. The headline print has only suffered one sub zero print since June 2012.
  • USDMYR opened lower at 2.9850 on the back of some risk on appetite last night but that does not change the overall medium term Dollar strength.
  • The G10s did not move much but Ringgit strengthened. AUDMYR is nor firmly below 3.0000, now at 2.9800, GBPMYR below 4.6000, now at 4.5650. USDJPY use to trigger Dollar buying, but add AUDUSD to the picture now and its actually quite easy for market to find a reason to long US Dollars.
  • In Europe, the day started off a little on the back foot. Rate Futures rallied from the European open with ECB’s Visco mulling deposit rates “in negative territory” if future conditions require.
  • Further ECB easing expectations being baked into the pie are evidenced by falling sovereign borrowing costs. Italy sold 3yrs at 1.92% (-37pts from April 11th auction, BTC lower).
  • The USD remains firm on the fumes of last week’s possible Fed purchase tapering natter. The USD Index closing stronger than previous but under ydays high. Clinging to 2% gains in just 3 sessions. 

Thursday 9 May 2013

Najib Win Masks Biggest Test After Malaysian Chinese Exodus (1)


Najib Win Masks Biggest Test After Malaysian Chinese Exodus (1)
2013-05-08 05:38:16.805 GMT

(Adds police comment on Anwar rally in sixth paragraph.)

By Daniel Ten Kate and Shamim Adam

May 8 (Bloomberg) -- Malaysian Prime Minister Najib Razak’s election win without the bulk of ethnic Chinese voters is set to pose the biggest test yet for the pro-Malay affirmative action policies instituted by his father more than three decades ago.

The May 5 ballot left Najib’s United Malays Nasional Organisation with 109 parliamentary seats, almost enough to govern without any of its 12 allies in the Barisan Nasional coalition, Election Commission data showed. At the same time, the alliance as a whole took just 47 percent of the popular vote, the lowest since 1969, when Sino-Malay race riots flared.

With opposition chief Anwar Ibrahim -- ally of the mainly ethnic-Chinese Democratic Action Party that expanded its seats -
- planning protests tonight over electoral fraud concerns, Najib, 59, is calling for national reconciliation. To get that, he may need to temper the same preferential-contract and job rules that helped secure his victory among rural Malays.

“UMNO is looking strong, but it’s a false dawn,” said Edmund Terence Gomez, a professor at the University of Malaya in Kuala Lumpur who edited a book on the race-based programs.
“They know they need structural changes, and if they don’t do it they will face serious consequences in the next election.”

Gomez said the biggest change needed is the removal of policies that restrict certain government contracts to Malays and indigenous groups together known as Bumiputera, or “sons of the soil.” They make up about 60 percent of Malaysia’s 29 million people. Abdul Razak, Najib’s father and Malaysia’s second prime minister, initiated the preferences in the wake of the 1969 riots that killed hundreds.

Arrest Threat

Anwar plans to proceed with tonight’s rally even as police threatened to arrest anyone who attends, Rafizi Ramli, an official with his People’s Justice Party, said by phone today.

Anwar’s gathering is illegal because he didn’t apply for a police permit, state-run Bernama news service reported yesterday, citing Inspector General of Police Ismail Omar. He didn’t immediately respond to calls to his mobile phone.

Najib’s coalition won 133 seats, topping the 89 seats won by Anwar’s three-party opposition, which captured 51 percent of the popular balloting. Chinese parties in the government saw their seat total cut by more than half, leaving Najib’s Malay- based party with 82 percent of Barisan Nasional’s seats, up from less than half in the 1990s.

‘Big Mistake’

“We have to go to the center, not to the right,” said Saifuddin Abdullah, an unsuccessful UMNO candidate who attributed his loss to a drop in support in urban areas with more Chinese voters. It would be a “big mistake” for UMNO to take heart from the win stemming from its appeal to Malays, he said. The Barisan Nasional alliance should be transformed into a political party that people can join directly, without having first to choose one of its members, such as UMNO, he said.

Besides UMNO, the election night’s other success story was the Democratic Action Party, which saw its take jump by a third, to 38 seats. Najib said in a press conference that evening that his coalition had lost in one state because of a “Chinese tsunami.”

Yet with ethnic Chinese only accounting for about a quarter of the population, the national results show a broader wave turning against the governing coalition in an election that had a record turnout of 85 percent.

Urban Voters

“The Chinese tsunami is all nonsense -- it’s an urban middle-class tsunami,” said Gomez, who has been writing about Malaysian politics and business for more than two decades.

About 71 percent of Malaysians lived in urban areas in 2010, up from 62 percent a decade earlier, according to the most recent government statistics.

Anwar, 65, a former deputy prime minister and UMNO member before he was fired in 1998, saw his alliance win a majority of the popular vote running on a platform criticizing affirmative action programs for feeding corruption.

Government-linked companies climbed after the election saw Najib returned to office, propelling a 4.8 percent jump in the FTSE Bursa Malaysia KLCI Index the past two days. The benchmark fell 0.1 percent as of 12:18 p.m. local time.

CIMB Group Holdings Bhd., a lender headed by the prime minister’s brother, Nazir Razak, gained 14 percent since the election as of yesterday’s close. Tenaga Nasional Bhd., the country’s biggest power producer, advanced 7.6 percent. The ringgit has risen 1.8 percent against the dollar in the two days after the vote.

Brain Drain

“Taking on corruption is a priority,” Stanley Thai, the ethnic-Chinese owner of medical glove-maker Supermax Corp., told Bloomberg Television after the election. Thai, who has seen Supermax shares fall 3.4 percent since he said in an interview published April 26 that he’d vote for the opposition, called this week for Najib to assure transparency in awarding contracts. Otherwise “brain drain will continue,” he said.

Even so, the prime minister is unlikely to move against the majority of his party and revamp the affirmative-action policies, predicted Chua Hak Bin, an economist at Bank of America Corp. Chua, a Malaysian who has lived and worked in Singapore since the Asian financial crisis in 1998, returned to cast his ballot in the election.

“There may be some compromises such as more Chinese schools and affordable housing not just for Bumiputera but for all races and the low-income,” Chua said.

National Reconciliation

Najib said after the election that UMNO would make changes at the right time, without elaborating. He called for “national reconciliation” while blaming the opposition for making race an issue, and said he’d implement moderate policies.

“Barisan Nasional has a lot of resilience as a political party, despite the fact that we have been in existence for 55 years,” Najib told reporters on May 6, after his coalition won for the 13th straight time. “Not many political parties can claim that kind of record.”

The Malaysian Chinese Association, the main party representing ethnic Chinese in the government, said it wouldn’t take up any Cabinet posts after its poor election showing.

“Voting the Chinese out of the state and federal government won’t help solve dissatisfaction,” Chua Soi Lek, the party’s president, said in a May 6 statement. He added Najib would “continue to look after the interest of the Chinese.”

Three MCA central committee members in a statement today called on Chua to resign immediately because of “his failure to address the political sentiments of the Chinese community.”

‘Racist Outlook’

The opposition rejected the government’s analysis of the election outcome and said Barisan Nasional’s reduced majority stemmed from a push for change that transcended race.

“So long as he wants to polarize and racialize this phenomenon, then they themselves are guilty of a racist outlook and they are incapable of any national reconciliation,” Lim Kit Siang, who founded the Democratic Action Party, told reporters on May 6, referring to Najib. “It’s not a Chinese tsunami; it’s a Malaysian tsunami.”

While Najib considers policies for a second term, the opposition’s future is also undetermined. Anwar, who disputes the results, will struggle to keep the Malay-dominated Pan- Malaysian Islamic Party in the opposition after it lost seats in the election, according to Bilveer Singh, a professor of political science at the National University of Singapore.

With UMNO and the opposition DAP the biggest winners, “This is a very potent mixture that could destroy the country: two dominant, racialized political parties that are on a head-on clash,” Singh said. “Nobody will win. The ground is electrified along racial lines.”

Market Update - 9 May 2013


It’s been almost a week since our impressive indelible ink election but the news seems to be getting more interesting and frequent. Last night, for those who saw the pictures it seems there is easily over 100,000 Malaysians who gathered for the protest at Kelana Jaya Stadium.

So let’s start with USDMYR, today it opened lower, not so much that Malaysia despite it’s protest and drama is attracting money, overnight globally was a risk on mode and weak Dollar story. Support still at 2.9500 and upside right now capped at 3.0000, meaning trading range at 2.9500-3.0000.

Of course, yesterday’s rate cut from RBA might not be the only rate cut for the year, if data continues to deteriorate we could see another rate cut from RBA. We are expecting the Australia employment data and I reckon RBA already knew it is a weak data and cut ahead of it, any upside surprise on the data will see AUDUSD pop back up above 1.0220. AUDMYR today at 3.0200, how can you resist buying? Well I am because I reckon there’s a little more downside.

US Data shows promising green shoots still. U.S. mortgage applications jump as rates fall. Applications for home mortgages rose last week, fueled by demand for refinancing as interest rates fell to the lowest level of the year, data from an industry group showed.

The S&P 500 closed at an all-time high for a fifth day on Wednesday in a broad rally that keeps surprising investors with its longevity and resilience.The Dow also ended at a record high for a second straight day, pushing further above 15,000.

The Dow Jones industrial average DJI gained 48.92 points/0.32 percent, to end at a record high of 15,105.12 - its second consecutive close above 15,000. The Standard & Poor's 500 Index rose 6.73 points/0.41 percent, to finish at a record high of 1,632.69. The Nasdaq Composite Index advanced 16.64 points/0.49 percent, to close at 3,413.27.

China opens new front in war as yuan speculation distorts export data. China's central bank signalled it was prepared to change its monetary strategy to fend off inflows of speculative capital, as Beijing struggles to control a tide of cash washing in from overseas markets. Yuan should still be on the appreciating trend but those expecting it to appreciate on the same pace as 5 years ago might need a check, same goes for China’s GDP.
Of course we also have the Chinese CPI and PPI numbers coming out, hard to call but I would think its flat to slightly on the downside for Chinese data today. 

Tuesday 7 May 2013

Market Update - 7 May 2013


  • It seems market is more relieved than positive of the elections being over in Malaysia, yesterday USDMYR hit a low of 2.9650 before some pullback towards 2.9800. But overnight, we saw the MYR NDF traded back lower and this morning the local market followed suit and opened at 2.9650.
  • KLCI closed at 1,752.02 yesterday but hit a high of 1,826.22 in the first half of the day before profit taking brought it back lower. I would expect some Malaysia markets strength in the coming days but like I mentioned yesterday I don’t expect this to be the story going forward, markets are never a one way story, I am expecting a pullback because 1) the sharp move in MYR assets happen too fast too much and 2) globally I reckon we could be heading for a correction. Its only my view and I could be wrong.
  • The S&P 500 closed at another record high, pushing further above 1,600 as financial shares led the way after Bank of America's settlement with MBIA. Dow Jones industrial average dipped 5.07 points/0.03%, to 14,968.89 at the close. But the Standard & Poor's 500 Index inched up 3.08 points/0.19%, to finish at a record 1,617.50. The Nasdaq Composite Index gained 14.34 points/0.42%, to close at 3,392.97.
  • The situation in Europe doesn’t seem to be improving and we could be in for a really long long drag out. German factory orders look set to contract in March following a strong 2.3% MoM increase in the previous month.
  • Of course today’s focus will be on RBA’s rate decision, for those who know me, I keep a close eye on Australia. RBA is proactive central bank and although the data so far in 2013 has been ok, the past month’s Aussie data has been disappointing including yesterday’s weak retail sales number. It’s 50/50 today on the rate decision and I wouldn’t be surprised if they do cut. AUDUSD is on the backfoot and market is keen to sell on rallies on the pair with 1.0200 just lending it support.

Friday 3 May 2013

Market Update - 3 May 2013



  • Highlight yesterday was of course ECB’s rate cut decision and as expected ECB cut 25bps in the midst of a deteriorating economy. EURUSD took a dip after that but to be honest most of it has already been priced in before the announcement.
  • USDMYR opened just a touch lower, but still hovering around 3.0500, currently trading at 3.0450. The big day is finally here this Sunday and we are seeing a lot of last minute push. Expecting a quiet trading day today for USDMYR as most players are opting to sit this one out as the uncertainty on the outcome is high.
  • This is the main gist of Draghi’s speech: “First, based on our regular economic and monetary analyses, we decided to lower the interest rate on the main refinancing operations of the Eurosystem by 25 basis points to 0.50% and the rate on the marginal lending facility by 50 basis points to 1.00%. The rate on the deposit facility will remain unchanged at 0.00%.”
  • US jobless claims Lowest In Five Years. Initial jobless claims dropped 18K in the latest week to the lowest level since January 19, 2008. This was lower than consensus and our CS 340K forecast.
  • The ECB made three key policy announcements this month, which are listed below.
  1. On policy rates, the refi rate was cut by 25bp to 0.50%, a new record low and the first cut in ten months. The marginal lending rate was cut by 50bp to 1.00%, bringing the width of the policy corridor to an even 50bp either side of the refi rate.
  2. Regarding liquidity provision, the commitment to maintain fixed rate full allotment at refinancing operations "for as long as needed" was restated. It was also announced that this procedure would remain in place at least until mid-2014.
  3. Regarding measures to boost credit flows to businesses, the Governing Council has decided to start consultations with other European institutions (the EIB and the European Commission) on initiatives to promote a functioning market for asset-backed securities collateralised by loans to non-financial corporations. 

Thursday 2 May 2013

Ringgit Falls as China, U.S. Data Dim Exports Outlook: Macquarie


Ringgit Falls as China, U.S. Data Dim Exports Outlook: Macquarie

By Liau Y-Sing

May 2 (Bloomberg) -- The ringgit slips to a one-week low after reports showing manufacturing slowdowns in China and the U.S. worsen the outlook for Malaysian exports, says Nizam Idris, head of Asian fixed income and foreign-exchange strategy at Macquarie Bank Ltd. in Singapore.

* Investors unlikely to take ringgit positions ahead of Malaysia’s May 5 election, he says

* Threshold for further easing by the Federal Reserve set “pretty high” and economy has to “worsen quite significantly” before more measures likely:

* Ringgit falls 0.2% from April 30 close to 3.0492 per dollar, earlier touching 3.0522, weakest since April 25. Malaysia’s financial markets shut yesterday for holiday

Market Update - 2 May 2013



  • A lot of countries were out yesterday on labour day, but that didn’t stop some poor data to take market back into some risk off mode.
  • The main data to miss expectations were the US’ ADP, private payrolls rose only 119k in Apr (forecast: 150k), the least since Sep, while the Mar data was also revised down from 158k to 131k. Meanwhile, construction outlays slumped 1.7% mom in Mar (forecast: +0.6%), after an upwardly revised 1.5% gain in Feb, as a 4.1% fall in taxpayer-funded projects outweighed a homebuilding gain, and total/domestic vehicle sales were also disappointing.
  • USDMYR followed and opened higher to 3.0500, but we are not expecting much from the pair, expecting very light flow and range still at 3.0100-3.0600. Elections are just 3 days away and things are certainly heating up. There’s a lot to discuss here but I reckon I will just say, let’s wait for Sunday night and see what the outcome is, if any delay in the results announcement then I guess we can expect something unexpected perhaps….
  • Nothing unexpected from FOMC, and statement open-ended, with the committee “prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes”, but markets are somewhat disappointed by apparent lack of dovishness in terms of the inflation language in particular as the recent slate of economic data continued to point to a decelerating economy. Market focus now turns to ECB where a 25bp rate cut has been largely priced in, and key is whether they will deliver.
  • Meanwhile, US’ manufacturing ISM also moderated from 51.3 in Mar to 50.7 in Apr (forecast: 50.5), and the employment gauge fell from 54.2 to 50.2, the slowest in five months, and dampening market expectations for tomorrow’s nonfarm payrolls (with market consensus shifting lower to around 145k). Meanwhile, other global leading indicators also pointed to a softening manufacturing momentum – China’s PMI fell from 50.9 to 50.6 while UK’s PMI also contracted for a third month, albeit improving from 48.6 to 49.8 (still in contraction territory).
  • FOMC and the data overnight didn’t help the equity markets, Dow -0.94%, S&P -0.93%, and Nasdaq -0.89%. Commodity stocks led the decline as oil and copper prices slipped. Other slippages included Merck & Co (after cutting its full-year forecast) and Allergan Inc. VIX +7.17% to 14.49.