The US dollar is coming near to a 3-month low after the Fed signaled a lower FFR hike in December. As Wall Street celebrating Thanksgiving holiday, European stock markets continued their gains, with Germany’s IFO business climate index surpassed expectations, complementing some optimist data from France. Data showed that Germany’s IFO Business Climate in Nov. has risen to 86.3 (Vs. Oct. 84.5). Additionally, DXY has closed at 105.8, the lowest since last August where the FOMC Meeting was absent that month.

The Technical Rebound sustained the Property Sector, which appreciated by 2% or surpassed the Health and Primary Consumer Sectors that appreciated by 0.8% and 0.4%, respectively. Throughout the year, the IDXProp Index has depreciated by 9% YtD or attempted to rebound after touching the Bottom last July. Technical Rebound of the Property Sector is in contrast to the BI 7DRR, which goes upwards in the same period. Additionally, JCI had broken above the psychological level of 7,100 before finally closing at 7,080, or strengthened by 26 points. In this weekend’s trading, NHKSI Research projects that JCI has the opportunity to move sideways.

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