Update Daily Investment News

Indonesia Stocks to Extend Record Gain, Top Fund Says (Update1)
(Bloomberg) -- Indonesian stocks, the second-best performer among Asia’s major markets this year, will gain as foreigners resume purchases on speculation first-quarter profit may beat estimates, the nation’s top-ranked mutual fund said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJM53iOoFNWE

Rupiah Gains 5 Times More Than Yuan on Revaluation (Update2)
(Bloomberg) -- The best currency to own when China lets the yuan appreciate won’t be the yuan, if history is any guide. It’s everything from South Korea’s won to Singapore’s dollar and Indonesia’s rupiah.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6RQe7L0gB.U

Rupiah to Drop on Relative-Strength Signal: Technical Analysis
(Bloomberg) -- Indonesia’s rupiah may decline after a technical gauge signaled its rally will stall, according to Forecast Singapore Pte.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayzR.zRr5Spo

Bank Indonesia could lower its policy rate stance that currently stood up at 6.5% should inflation continue to decline according to BI Deputy Governor Hartadi A Sarwono.

Asia Needs Higher Interest Rates to Avert Bubbles, ADB Says
(Bloomberg) -- Asia needs to start raising interest rates to prevent inflation from accelerating and avert the formation of asset bubbles as the region’s economies recover from the global crisis, the Asian Development Bank said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBjPPf8n7LAA

Stocks May Erase 2010 Gains as Investors Cut Cash, Merrill Says
(Bloomberg) -- Global equity markets may erase gains made so far this year after investors piled back into equities in April and reduced cash levels, a BofA Merrill Lynch Global Research report showed.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=alG8omNZbluw

Philippine Stocks May Drop on ‘Doji’ Candle: Technical Analysis
(Bloomberg) -- The Philippine benchmark stock index may drop after a “doji” formation in its candle chart yesterday, preventing the measure from closing above its 3,300 so-called resistance level, Accord Capital Equities Corp. said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMvdpjBYqL_w

Oil May Chart New 2010 High ‘Within a Week’: Technical Analysis
(Bloomberg) -- Crude oil has regained upward momentum after a five-day decline and will set its highest price for this year at near $88 a barrel in as little as a week, National Australia Bank Ltd. said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPQVdRLyzMys

U.S. Two-Year Yields to Drop Versus Canada: Technical Analysis
(Bloomberg) -- U.S. Treasury yields will slide to a six-year low relative to Canada’s interest rates, according to Citigroup Inc., citing technical indicators.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aIhQopZiw7AU

Euro to Rally to 11-Week High, Citi Says: Technical Analysis
(Bloomberg) -- The euro will probably rally to an 11-week high against the dollar after closing above the “neckline” at $1.3591 in a technical double-bottom formation, according to strategists at Citigroup Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=alx83J2G3RaI

S&P 500 Backed by Most Momentum Since 1986: Technical Analysis
(Bloomberg) -- U.S. stocks almost have the most momentum since 1986. The 14-day relative strength index for the Standard & Poor’s 500 Index has exceeded 65 since March 5, the longest stretch since 1995, according to data compiled by Bloomberg. Today would mark the 27th consecutive day, the most in 24 years.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOaYFowFvRm4

Oil to Set New 2010 Record, Barclays Says: Technical Analysis
(Bloomberg) -- Crude oil will probably exceed this year’s peak of $87 a barrel and may rise as high as $94 in New York, according to technical analysis by Barclays Capital.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0tgynIaQmb0

Yen’s 3-Year Rally to End on Support Breaks: Technical Analysis
(Bloomberg) -- The yen may snap a three-year rally against the dollar as it drops toward key so-called support levels, signaling Japan’s currency may flip into a long-term cycle of declines, Shinko Research Institute Ltd. said, citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aROEiB3mlHNk

Crude Oil Set to Challenge $88.25 Barrier: Technical Analysis
(Bloomberg) -- Crude oil in New York may challenge resistance starting at $88.25 a barrel in the “medium term,” according to technical analysis by Newedge Group.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aiTSgIIRU9G8

Buy Hong Kong China Index Call Spread for Yuan Gains, BofA Says
(Bloomberg) -- Investors should buy a call spread on the Hang Seng China Enterprises Index to profit from potential gains in the yuan, according to Bank of America Corp.’s Merrill Lynch unit.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLDfqQTLew1s

Winning Strategy for U.S. Stocks: Buy on Monday, Sell on Friday
April 12 (Bloomberg) -- On Wall Street, Monday is the best day of the week. The Standard & Poor’s 500 Index climbed 12 percent since Oct. 9 through the end of last week, reaching an 18-month high.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2b1xHSabZIk

Singapore Unexpectedly Revalues Currency on Growth (Update3)
(Bloomberg) -- Singapore unexpectedly revalued its currency, triggering the biggest gain in a year, after the government raised forecasts for economic growth and inflation.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=arVjQ82mNi2Q