Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.
Gold prices was near a three-week low on Monday. For those eyeing silver, the erosion of gold's gains should come as no surprise.
A breakout pattern and new uptrend are yet to emerge for the Shanghai Composite Index – recent activity indicates three possible patterns ahead.
Gold prices have fallen about 7 percent since its 2014 high but brace for further losses as the downtrend remains intact.
Come April, the price will fall to 530 yen with the sales tax completely excluded, and retailers can choose to absorb none, some or all of the tax.
Obama says Washington welcomes China's rise but engagement with Beijing would not come at the expense of Asian allies.
Hedge fund managers like Eton Park and Eclectica are still bullish on Japan despite a painful start to the year.
Reports in the Chinese media said the Chinese central bank raised interbank interest rates, putting a crimp on lending.