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.Reduction in Fuel Prices Soon in Malaysia- July 31, 2008 Local media report says PM Badawi could announce a reduction in fuel prices soon. Apparently this was brought up at yesterday's weekly cabinet meeting. The government has been studying ways to allow consumers to pay less for fuel after raising them last month. Yesterday Domestic Trade Minister Shahrir was quoted saying that Malaysia could lower pump prices, if oil falls below USD 125barrel for three consecutive weeks, acknowledged that the country is resigned to subsidizing oil in next 10...http://forex-tradingjournal.blogspot.com/2008/07/reduction-in-fuel-prices-soon-in.html Chavez Bearish on Oil- July 25, 2008 Venezuela's President Chavez so often a bull for the oil price has turned into a bear on Thursday as he saw scope for the price of crude to fall to the USD 100barrel level. Recently he has predicted oil could rise to USD 200barrel or even USD 300barrel on various scenarios but today Portugal's news agency Lusa quoted the flamboyant leader donning a more socialist tone. Chavez, said that he saw USD 100barrel as a 'fair price' for crude. The Venezuela's President believes that the oil market...http://forex-tradingjournal.blogspot.com/2008/07/chavez-bearish-on-oil.html MIER Recommends Lift Malaysian Ringgit Trading Ban- July 12, 2008 Institute of Economic Research (MIER) was reported in local press to recommending that Malaysia should relax remaining controls on the MYR and let the MYR currency strengthens to slow inflation. MIER says lifting the ban on overseas trading on the MYR would boost the MYR currency, and helps make imports cheaper. Quoting its executive director Mohd Ariff Kareem who says that BNM only option to cool inflation is to use the exchange rate, because raising interest rates would hurt the economy. MIER.http://forex-tradingjournal.blogspot.com/2008/07/mier-recommends-lift-malaysian-ringgit.ht... WSJ Survey on US economy- July 12, 2008 A Wall Street Journal survey showed that 22 of 53 economists said the Fed should be more concerned by economic weakness than by inflation while 21 said inflation should be the greater concern. The remaining said the risks were balanced.The conflicting views reflect differing outlook on where the economy is headed. Most of those who say that economy weakness is the bigger threat think a recession has started while those who think inflation is the bigger worry don't think a recession has begun.On.http://forex-tradingjournal.blogspot.com/2008/07/wsj-survey-on-us-economy.html GBPUSD: BOE to Remain On Hold This Week- July 10, 2008 The Bank of England's Monetary Policy Committee gathers today for its regular monthly rate meeting with an announcement due tomorrow. Look for an unchanged verdict with the bank rate at 5.00% in line with market expectations as recent economic data cast a serious shadow over the near term growth outlook. On the flipside, inflationary pressure has continued to build and has been a major cause for concern for many in the committee - so much so that many members considered the merits of a rate...http://forex-tradingjournal.blogspot.com/2008/07/gbpusd-boe-to-remain-on-hold-this-week.ht... KLSE Down, Stocks Focus on DPM Najib- July 4, 2008 The stock market opened today after being closed almost the whole day due to a computer glitch. Shares promptly fell -2.24% at open, having missed much of Asia's falls yesterday. KLSE has since extended fall further to -2.38%. Politics should continue to rile stocks, with focus on DPM Najib.Najib Razak during the press conference with reporters including from the foreign country at his office at the Parliament, yesterday (3rd July 2008). At the conference Najib has denied that he had known or...http://forex-tradingjournal.blogspot.com/2008/07/klse-down-stocks-focus-on-dpm-najib.html |