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.GBP Sterling Will Fall Further on Interest Rate Cut- September 17, 2008 According to Neil Mellor, a currency strategist in London at Bank of New York Mellon Corp, the inflation in the UK will spike then comes down, allowing the Bank of England (BoE) to cut interest rate soon. This will cause the UK pound sterling to fall further to the ground.This will give us a good chance for short selling. The British pound sterling (GBP) has shown a decline yesterday after a bouncing up for a few days. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2008/09/gbp-sterling-will-fall-further-on.html Malaysia's Ringgit May Weaken to RM 3.80 per Dollar- September 13, 2008 Ringgit may return to the peg level of RM 3.80 per dollar by year endMalaysia's ringgit may weaken by year-end to a level when it was pegged at 3.8 to the dollar, should the central bank desist from intervening, according to Moody's Economy.com Inc.Global financial turmoil and a domestic power struggle may spur capital flight from the Southeast Asian economy, while a plunge in prices of commodities the country exports, including crude oil and palm oil, will put pressure on the currency to...http://forex-tradingjournal.blogspot.com/2008/09/malaysias-ringgit-may-weaken-to-rm-380.ht... Euro Falls Heading to $1.30- September 13, 2008 Bank of Tokyo currency options manager at Bank of Tokyo-Mitsubishi UFJ Ltd. Takeharu Miki said, euro may decline to 1.30 level by year end."The options market shows the euro is likely to keep heading lower and lower," said Miki. "There's not much worry about a dead cat bounce. The risk-reversal rate shows the euro has the potential to fall." report Bloomberg. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2008/09/euro-falls-heading-to-130.html Pimco Gross's Financial Tsunami- September 6, 2008 US equity sentiment was not helped overnight by Pimco Gross's call for the government to start buying financial assets to stem what he dubbed as a rapidly growing "financial tsunami". In his "investment outlook letter," as well as an interview on CNBC, Gross made the case for a bigger government bailout of financial firms and the housing market. CNBC summarized him as saying that "his firm would be staying out of any and all bank offerings for the foreseeable future", and implied that private...http://forex-tradingjournal.blogspot.com/2008/09/pimco-grosss-financial-tsunami.html |