$ USD Resurrection!

Dollar has won against EURO and JPY (Yen Japan) at Thursday 13th June local time (American time zone), Euro declined to 1.5435 from 1.5554 at New York Stock Exchange. Against Japan Yen, Dollar raised to 107.91 JPY from 106.96 JPY. Increasing on Dollar was caused by positive retail sales data and investors and speculators were waiting the G8 finance ministers meeting results.

Based on the retail sales report, American retail sales increased 1.0 percent on May. Government has already been cut the tax on property and some items, and the impact is clear, pushed demand side (consumers) to consume. Time lag took several months after cutting on interest and taxes.

“The impact of tax cutting has been making our people start to consume more because real money for consumption is raised, Paul Ashworth said on Capital Economics based on AFP.”

Paul also said, “Generally 1.0 percent is good news and has given new resurrection on consumer trusting.”

“Bad situation has been over and gone. Time lag has been working well and now we get the result. We really hope the American economic will heal and recover faster, Michael Wooffolk from New York Mellon Bank said”.

“Although ECB (European Reserve Bank) interest rate is still high and crude oil price is flying, we don’t see those as restriction for American economic recovering. FED stand behind us, Paul also said.”

At the same time, G* finance minister meeting will meet in Osaka, Japan (Seven Industries Countries plus Russia) on Friday and Saturday. Japanese Staffs have said disagree if foreign exchange is included to the agenda, because Governors of Each Reserve Bank are not there, but it is a final decision and we will discuss it.

Ryohei Muramatsu, Group Treasury Asia of Commerzbank Manager said, “$ USD has been more attention from their government, and governments declined their previously statement. Federal will intervene Foreign Market necessary to win the $ USD.

Thursday 12th and Friday 13th, Bank of Japan (BoJ) met to study about Japanese interest rate. BoJ had no reason to intervene interest rate, so 0.5 percent is still settled in uncertain world economic condition.

On weekend closing time, JPY is closed at 1.0416 franc Swiss from 1.0318 franc at Wednesday.

Source

www.kompas.com,

www.Reuters.com,

www.yntimes.com,

www.businessweek.com.

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Psychology of $$$ USD on Jacky’s Opinion

Jacky’s Opinion on this section will tell about his experimental on forex exchange market. My broker is Marketiva. I use marketiva because of the motto, ‘Trade a little as $ 1 USD. Poor people or enough money can choose marketiva as their broker.
I used to play marketiva in the middle of February, because one reason, I decide to stop temporary. I have to manage my blogs first.

Let us go to the topic.
In previous posting about my Trading Philosophy on Jacky's Opinion, I talked much about the generals. Now I would like to focus on a huge and very transparent currency; $$$ USD. Dollar has been serve millions people, hundreds countries, millions businessmen, and millions bloggers and so on.
In live desk, I always concern and analysis about all currencies. The first posting, $$$ USD. I prefer GBP/USD the two extreme currencies in the world. When $$$ USD won against Japan Yen, the reality or movement show that Dollar also won against others big currencies like GBP and EURO and otherwise. When Frankfurt Exchange Market open, $$$ USD is pressured by European currencies Pond sterling and Euro. Without empirical analysis the case also happens when New York Exchange Market.

So if you want to win on those blind analysis (75% accurate); you can bid GBP on 7 clock in the morning GMT. Euro is another choose because both currency have the same fluctuation otherwise you can bid $$$ USD when New York Exchange Market is open.
Remember, be careful in closing session because some fluctuations and some interventions. If the currencies don’t showing a huge fluctuation; brokers in sometimes will use their strategy, gain taking or profit taking. You may careful after lunch break. Brokers do something.
Happy bid and offer in live desk. Remember Trading is not Gambling

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Marketiva give me $110 USD

Good news is good news. Last week i won $ 200 USD at marketiva in one hour. I won when JPY rose against Pounsterling and others major currencies. the issue is hot money turned back to the owner, Japanesse. Hot money entered to Indonesia and then transfered to Poundsterling to win triangle currency trade.
Hot money rose because of low interest rate in Japan, so investors and brokers look benefits action to get loans from Japan and with money they went to financial market in Indonesia and others benefits country. When they have to payback the loans, and because of its name HOT MONEY, market is highly effected when hot money went out from the country (or when transfered to others currency).
Hot money won on me. I couldnt imagine for investors or brokers who won million dollars because of hot money. They become rich and richest and only invisible hands and poor destiny will kick them to poor.
Tradin in live desk is speculation and very tide if we compare with gambling on casino. Good analysis and little lucky will make you win. I just say, if you don't steady with your financial, do not enter live desk trading, too risk because you use Money for Consumption. Do not harm your stomack.

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