F. Yap Securities / 2TradeAsia

Activity might remain light, as global fund managers’ attention is swayed to movements at the crypto & currencies market.

Sentiment might take its cue from US equities’ overnight incline Friday, as global markets monitor sequel policies from the formal inauguration of Pres. Trump’s administration.

Investors would be monitoring for possible repeat of prior session’s MOC-selling, especially on intra-day rallies.

Local equities may take its cue from Wall Street’s incline, riding on solid earnings from financials & latest CPI gauge in relation to the Fed’s possible course on interest rates.

Participants may adopt a wait-and-see mode for now, given supply pressure that typically comes out on intra-day ascents.

Gauges might be poised for recovery, as buyers aiming to position on lows find the 6,300 zone attractive.

Sentiment might sway to Wall Street’s sharp retreat Friday, as strong jobs data is supporting views for status quo from the Fed on its widely-watched interest rate policy.

Another range-bound session might be seen, with US markets on National Mourning for former Pres. Jimmy Carter.

Buyers may keep a close watch on local gauges’ movement, to check if supply pressure remains present prior to taking positions in select large caps.

Further monitoring on continuity of prior session’s supply pressure is expected, as gauges settle at a comfortable zone.

Eyes are set whether local gauges would continue with its positive momentum, as buyers aim for good entry points in select oversold shares.

Continued advance is likely to be supported, as sentiment might glide to US equities’ Friday rise.

Market participants may continue to uphold on their feeler’ status, especially with supply pressure still present.

Market participants may continue to seek for clues if local gauges would bolt out from its flattish trend, pending the Fed’s guidance on sequel policies onto early 2025.

Participants may monitor possible ‘good cheers’ this week, as expectations build for the Fed’s 25bps rate cut, as well as from local monetary authorities.