In last week, STI gain 49 points from the opening of 3259 and close lower at 3308. A white candle stick with short upper shadow indicates on the slight profit taking from the investors.

Key Economics Data report:

This week brings the March jobs report on Friday, which is of particular interest since employment is an important gauge for the Fed in evaluating its easing programs. Economists expect 197,000 jobs were added to nonfarm payrolls in March, down from 236,000 in February, and for the unemployment rate to hold steady at 7.7 percent, according to a consensus estimate from Thomson Reuters.

Besides the U.S. data, there are a number of central bank meetings in the week ahead. The Japanese Central Bank meets for the first time Wednesday and Thursday with newly named Haruhiko Kuroda at its helm.

Technical Analysis on STI

STI index re-test the critical resistance ...