Showing posts with label Market. Show all posts
Showing posts with label Market. Show all posts

G8+8 Meeting in Japan and Yudhoyono Idea

Indonesian president Mr. Susilo Bambang Yudhoyono is included as one of the chosen speaker on KTT G8 meeting on Wednesday July 9, 2008 in Tokyo Japan. Yodhoyono said that Indonesian will punish and try to involve Bali Road Map; resulting from International Conference. Indonesian considers that Climate is currently and urgent cases so Yudhoyono said that He will use the timing as speaker to talk about international environment and climate.

Yudhoyono stated to reporter, “I do remind them, to tell them to realize Bali Road Map. Both of us live under the same sun, live in the same earth, both development and developing countries must care the earth. Bali Road Map must be realized, based on the capability and responsibility and we must focus on Global Climate Change.

President’ staff Dino Patti Djalal said that Indonesia is included as guest on the meeting and Indonesian President gets an honor as the speaker on the G8 meeting.

G8 consist of Canada, France, Germany, Italy, Japan, Russia, England and America and the special guest are China, India, Mexico, South Africa, Indonesia, Australia and South Korea.

In 2007 G8 meeting in Helligendamm German, G8 established the meeting with 5 partners (new rising industry countries) but when Japan as Home, Japan invites others 3 countries (Indonesia, Australia and South Korea) so, the name isn’t G8+5 but G8+8 Submit meeting.

Some issues in their agenda are to make one vision and to make best and fair solutions about Global Climate Change, Food Security, Energy Crisis, Global Economic and Growth Issue. well play old men. We wish best payout from the meeting.

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Euro and Pound declined against USD Dollar

Dollar is appreciated against Euro and Pound on this Tuesday morning opening trade in New York Exchange Market. Declined against Dollar was started yesterday, Indonesia Times Zone. Brokers and Markets have been seeing the G8 Meeting, especially after Bush announced that FED and Federal are behind screen to support Dollar.

Yesterday, in my live trading Marketiva, Euro and Pound was declined more than 100 pips and now the trend still goes on. America is in Greenback reborn after celebrating their Independence Day on July 4th four days ago.

But Dollar can’t move faster and unlimited moving after Euro is fixed by Euro Central Bank at 1.5730/USD and available on previous Thursday a day before the American Independence Day. USD Dollar also strikes JPY Japan. Dollar was opened at 107.10 JPY from Thursday Closing time 105.84. Phenomenal Greenback is happened after Bush said that Government supports the strongest USD and report good news about American Reborn after Financial Crisis Storm.

Bank of Tokyo-Mitsubishi UFJ’ Analyst Osamu Takashima said that Bush Statement on pre-Opening G8 Meeting is only came from his position as President and also came from the Legal Statement. It doesn’t matter, but the important is Bush must restate his statement in the Meeting. Another analyst Kathy Lien from Forex Capital Management said that Brokers haven’t estimate possibility that Greenback is the main factor; otherwise she said that that Brokers are looking new sign, to profit or loss. Analysts agreed that Bush Statement is temporary times. Dollar is strong based on this statement but Bush can’t guarantee that Dollar will continue Strong against major currencies.

Markets stay for a while to see because G8 are also represented senior monetary chief from G8 countries, and FED’ Governor Ben Bernanke also talks in front American Congress on Thursday

Besides that, Germany Industry booked biggest lost in the last 11 years on Mei Data. Legal Data on Monday indicated that Germany had been recessing on second quarter this year. Data reported that Production from Industry sector is declined 2.4 percent on April. Germany Economic Minister claimed that this recession is only temporary fluctuation (Conjunction Trend). England Manufactory Data, published on Mei is also declined. National Statistic Department’ staff said that Manufactory is declined 0.5 percent on between April to Mei and Accumulating 0.8 percent in 12 months based estimating point.

Lowering 0.5 percent rose new fact that England has potentially down to crisis. The statement was said by Capital Economic Analyst Paul Dales.

Thursday closing time in New York Stock Market, Dollar is 1.0260 franc Swiss, and 1.9765 Pound.

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New Record on Oil Price and Its Impact on Other Commodities Market

Both Light and Bret Oil Crude leapt for new $142 per barrel record yesterday, the impact has been attaching food sector (commodity market). Corn and Soybean were attacked and leaping to new record on Friday trading in Chicago Board of Trade (CBOT), but closed at lower price. Heavy rain in Midwest and close to update agriculture report announced next week, Market took profit taking for necessary actions.

Friday morning opening session, those commodities leapt significantly in last 2 days and the main reason is new record for oil crude.

December Shipping for Corn created its new record high $ 7.96 per bushel, but declined to $7.87 USD when closing time. November Shipping for Soybean also leapt new record high around $15.77 USD per bushel and declined on $15.59 USD in closing time. Beside Corn and Soybean, Wheat also declined on Friday, down to $9.12 per bushel for September Shipping.

Analyst from DTN, Elaine Kub said that Nebraska to predict that Federal Agriculture Department will push the market velocity in next week. According to Elaine; market needs slowly price fluctuation and step by step to see the complexity demand. “As you see, brokers decide to get profit taking and they do it carefully, Kub said.”

Troubling in AS Financial Market also impacted CBOT market, especially Rice and Oil. Dow Jones declined significantly around 400 point in recent two days to lowest level since November 2006. Light Sweet Oil touched $142.99 per barrel and closed at $140.21 per barrel in New York Mercantile Market or higher two points than previously.

NYMEX (New York Mercantile Exchange), Metal commodities also moved; Gold for August shipping raised $16.20 USD to $931.30 USD per troy ounce. Silver for June Shipping raised 49.5 cent to $17.62 USD per ounce.

Data processing from Bloomberg, Antara, Marketiva Live Desk, Reuters

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Gold Price and Analysis

In near, any stocks are very fluctuation. Oil price, inflation and interest rate harm market activities. Uncertain condition makes it worst. Investment on Gold is better than others investment types. Gold is more immune against Inflation. Indonesian Economist, Tony Prasetiantono said that Investment on Gold and any Metal are better than others kinds on investment consist of Stocks, Treasury and Exchange Market. Investment on Gold has the same level and profitable with invest on Land and Property. Incremental on Gold, Property and Land price are happened in uncertain periods but the price still running high on months and years.

Tony Prasetiantono said that the immune against inflation on Gold is caused that Inflation has positive correlation with Gold price, but Invest on Gold has some weakness. Because Gold is seen goods, gold is easy to steal and lost. So Gold is favorable chosen. Toni Prasetiantono said that investment on Gold is being trended in recent. Investors have two options to invest in Gold. Traditional Method; Buy Gold in physical gold and keep it, or they buy gold jewelry. And the last method is they buy unphysical gold in Stock, Obligation and other kinds of this tool.

Today, Wednesday 24/6, Gold investors still wait FED meeting. They would like to see where the FED’ policy are. FOMC (Federal Open Market Committee) has already been meeting since Tuesday, yesterday. Gold price in New York Mercantile Market for August Shipping rises $4.4 to $891.60 per troy ounce. Analyst Dave Meger from Alaron Trading stated that new price on gold was caused by declined on Dollar America against major currencies, and another external factors is waiting after FOMC finishes their meeting.

Hong Kong Trading on this morning, Gold price is opened at $886 – 887.00 per troy ounce, declined from Tuesday closing time at $889.50-890.00 USD per troy ounce.

Source: Kompas.com, Bloomberg.com, Reuters.com and Antara.co.id

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We need more gold

World becomes crazy and uncertain and crash, economic recession in America makes all countries continuously ready to make some action to handle the impact. At least 12 years before, USD fall in record against Yen under 100/Yen Japan. USD also falls to Euro and GBP. Gold price rise upper 1000 tyros per ounce make all investor put their money and replace their USD into gold. The weakness of USD is also caused by oil price upper $ 100 USD per barrel and financial problem in America.

We need more gold

Increase in gold price is caused by breaking down the labor gold–mine in Africa (as we know, Africa is the producer gold number one). Increasing in gold and weakness the USD make investors now stay in hold, analysis and put their money in Yen and Euro.

Indonesian Rupiah must appreciate against USD but, the closing session yesterday, Rupiah closed at 9200 and more (weak more than 100 point)

While Dollar is weak and depreciates, all countries still use Dollar as foreign payment because of transparent and fluctuate. I know, many investors get high taking profit as the dollar fluctuating. They make us (poor people) pay more to get gas, gold, food, premium oil and all export goods. The businessmen also suffer by the weakness of Dollar.

Continue in next post.

Euro won against USD, What the impact in short run and long run

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Trading Philosophy on Jacky's Opinion

Three months ago, I entered live desk trading in Marketiva. Marketiva supports me because their procedurals are easy and the main advantage is Minimum deposit require. I had won many times, but greedy made me bite my fingers. I loss many times because of my wrong decision and in my opinion trading and gambling is the one. Day by day, I learn more about success traders, browsing information and subscribe to those relevant sites. I need information.

Lastly, I make my own decision after read that news. Here is my philosophy. Maybe my philosophies also work on you.

* Trader is not gambler. Trading is quiet with gambling. Some people said the different depending on our self. I was a gambler. So it is too difficult to determine, because both trading and gambling is speculation.

* Cool Down. Don’t be panic. If you hold USD against Euro and the graphs show that USD falls down. Be Cool. It is a temporary movement. You have to increase your knowledge. Is that the movement is crucial or not? Determine and make your position. Close or let it flows.

* News everyday. If you don’t, your trading is a gambling.

* Target and stop loss. This is an important ways. In real business, Manager always determines their business target. A plan without target is useless. Stop loss means, Minimum Gains. If you fell USD continue falls down. Make a stop loss to prevent more suffered. In real business, beside target, manager also determines their maximum loss. Economic theory said if loss bigger than Fix Cost, Close your business.

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