Forex Trading JournalForex Trading on EurUsd, GbpUsd, UsdChf, UsdJpy and EurJpy. My focus are in day trading and also longterm trades which are based on both technical and fundamental analysis. I also take high considerations to macro-economic factors. My aim is to become an expert trader.Gold to go down to USD 850, copper to USD 8000- May 30, 2008 Gold continuing to watch oilDollar, but unable to hold yesterday's gains and has slipped below the USD 900 level, triggering fund sell stops, to be around session lows at USD 893.54. Some market talk that physicals could re-emerge at lower levels providing support with Asian chatter that buying on the rise after a very slow start. However, broker reports are becoming more bearish with USD 850 touted as a near-term term target.In base metals Copper is still managing to hang onto the USD 8000...http://forex-tradingjournal.blogspot.com/2008/05/gold-to-go-down-to-usd-850-copper-to.html Earthquake in China Could Cause Inflation- May 29, 2008 The earthquake disaster which strike China a few days ago could boost inflation the region. Sichuan is an important region for agriculture production in China. The recovery process and reconstruction could add to higher price of some related goods. The pressure is on the transportation cost because of the massive reconstruction needed to repair the damages in the affected areas.However Sichuan is just a small percentage of China GDP, around 4% and the disaster strike on the mountainous area...http://forex-tradingjournal.blogspot.com/2008/05/earthquake-in-china-could-cause.html US Dollar Forecast, Interest Rates Cutting is Now Done- May 24, 2008 Reuters forecast that US dollar will remain weak in forex trading. Reason for the stated forecast is the low interest rate will remain because the consumers in the U.S. are under stress from housing, and rising oil prices. This will mean the interest rates will remain low despite the rising inflation.Markets now expect the central bank to hold steady and possibly raise rates by the end of the year after the interest rates cutting to 2 percent from 5.25 percent since September by the Fed....http://forex-tradingjournal.blogspot.com/2008/05/us-dollar-forecast-interest-rates.html Malaysia Plans to Reduce Fuel Subsidies Within Two Months- May 24, 2008 Malaysia plans to reduce fuel subsidies within two months, Second Finance Minister Nor Mohamed Yakcop said yesterday. The risk to the ringgit and other regional currencies is the spike in inflation from the withdrawal of fuel subsidies. The ringgit traded at 3.2175 per dollar in Kuala Lumpur for a 0.5 percent gain on the week, according to Bloomberg data, ending a four-week slump.Man, when will the oil price will go down. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2008/05/malaysia-plans-to-reduce-fuel-subsidies.h... Mahathir vs Abdullah Badawi, Barisan Nasional Future- May 23, 2008 Malaysia's former Prime Minister Mahathir Mohamad on the sidelines of the Nikkei Conference, offered the prediction that Barisan Nasional would be in the Opposition after the next elections if Prime Minister Badawi was allowed to continue in office. Dr Mahathir warned that he will attack the prime minister at every opportunity and seek ways to force him out of office. In the past 48 hours, Dr Mahathir has dredged up past allegations of cronyism against the PM and lashed out at anyone who has...http://forex-tradingjournal.blogspot.com/2008/05/mahathir-vs-abdullah-badawi-barisan.html S&P Rate Malaysia's Credit Rating as Stable- May 16, 2008 Ratings agency S&P has cut its outlook on Malaysia's credit rating to stable from positive, citing increasing political uncertainty after the recent elections. In a statement, S&P said a challenging external environment and expectations of a slowdown in growth were also factors driving the downgrade on reduced prospects of a ratings upgrade.The agency affirmed Malaysia's A- foreign currency rating, noting that the country's public debt was expected to dip to 7.4% of current account...http://forex-tradingjournal.blogspot.com/2008/05/s-rate-malaysias-credit-rating-as.html Chinese Central Bank to Stick to Its Tightening Stance- May 15, 2008 China's Peoples Bank of China (PBOC) Q1 monetary policy report said that the CB would stick to its tightening stance in order to ward off price pressures as inflation is expected to stay high in the near future. It acknowledged that capital inflows will probably increase further in the short term, which will make it more difficult to implement a tight policy. PBOC said that growth in Q1 turned out better than expected but sees growth weakening somewhat in H1. It was also optimistic about...http://forex-tradingjournal.blogspot.com/2008/05/chinese-central-bank-to-stick-to-its.html |