Forex bukanlah sesusah yang di gambarkan
tetapi tidak sesenang yang di cakapkan
oleh itu ilmu amat penting dalam memorex.
signal utk 15dec2008
PENDING ORDER!!!!
gj = sell 136.57 tp 100 sl 60 (klu sempat)
eu = sell 1.3314 tp 80 sl 40
gu =sell 1.4949 tp 100 sl 50
uj - sell 90.88 tp 60 sl 30
bt kajian terlebih dahulu!!
trade at your own risk!!!
jgn scam saya sbb saya hanya membantu
terima kasih
^gUNA 0.01% dari modal (manage risk penting)
^sentiasa bertenang dalam berdagang.
^jgn tamak,ikut perasaan dalam memorex
^berdoa bertawakal
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News From www.bloomberg.com
By Jamie McGee and Michael J. Moore
Dec. 13 (Bloomberg) -- The dollar fell to a 13-year low against the yen on concern General Motors Corp. and Chrysler LLC will collapse into bankruptcy without a rescue from the Bush administration.
Japan’s yen also pared its gain against major currencies on speculation investors will curb so-called carry trades and after Finance Minister Shoichi Nakagawa said the country isn’t considering foreign-exchange intervention. The euro posted its biggest weekly gain against the dollar since the currency’s 1999 debut on bets the Federal Reserve will lower borrowing costs to near zero next week while European Central Bank officials suggested they may be approaching the end of interest-rate cuts.
“We would expect the yen to remain strong,” Nick Bennenbroek, head of currency strategy at Wells Fargo & Co. in New York, said in an interview on Bloomberg Television. “The auto situation adds to that.”
The dollar fell 1.8 percent this week to 91.21 yen, from 92.83 on Dec. 5. It touched 88.53 yesterday, the lowest level since August 1995. The U.S. currency’s six weeks of declines is the longest stretch of losses since December 2004.
The euro increased 5.1 percent to $1.3369 from $1.2718, a record weekly gain. The euro advanced 3 percent to 121.83 yen from 118.18.
Won, Sterling
The South Korean won was the biggest gainer versus the dollar this week, climbing 7.5 percent to 1,372.45. South Korea agreed on bilateral currency swap accords with Japan and China to protect financial stability in Asia.
Sterling fell to 89.97 pence per euro, the weakest since the European currency began trading. HBOS Plc said this year’s charge for bad loans rose to 5 billion pounds ($7.5 billion).
The ICE’s Dollar Index, which tracks the greenback against the euro, the yen, the pound, the Canadian dollar, the Swiss franc and Sweden’s krona, fell 4 percent to 83.644. It touched 88.464 on Nov. 21, the highest since April 2006.
“The dollar’s status as a safe-haven currency is being challenged,” said Bilal Hafeez, global head of currency strategy in London at Deutsche Bank AG.
GM and Chrysler won a reprieve until January after the Bush administration said yesterday it may finance an industry rescue with funds set aside for banks. The White House’s reversal on tapping the Troubled Asset Relief Program for short-term aid followed the Senate’s rejection of a short-term loan package for GM and Cerberus Capital Management LP’s Chrysler.
U.S. retail sales fell in November for a record fifth consecutive month, led by slumping auto dealers and service stations. The 1.8 percent decrease reported yesterday by the Commerce Department extended the longest stretch of declines since records began in 1992.
Rate Expectations
Traders expect the Fed to cut borrowing costs to the lowest ever at its Dec. 16 meeting. Futures on the Chicago Board of Trade show a 74 percent chance the central bank will lower the 1 percent target rate to 0.25 percent. The rest of the bets are for a reduction to 0.5 percent.
European Central Bank council member Axel Weber said on Dec. 11 he “would like to avoid” lowering the euro zone’s interest rate below 2 percent. The ECB reduced the main refinancing rate by 0.75 percentage point to 2.5 percent, the most in its history.
The U.S. currency fell 18 percent against the yen this year, the most since 1987, as $986 billion of credit-market losses at the world’s largest financial companies since the start of 2007 sparked a seizure in money markets and threw the U.S. economy into a recession.
Yen Strength
“We still think there is room for the yen to strengthen,” said Vassili Serebriakov, a currency strategist at Wells Fargo & Co. in New York. “Market volatility will likely remain high and will contribute to yen strength.” The yen will appreciate to below 90 per dollar again in coming weeks, he forecasts.
Nakagawa told reporters in Tokyo yesterday that Japan isn’t considering currency intervention right now. Japan last intervened on its own when it sold a record 20.4 trillion yen ($227 billion) in 2003 and 14.8 trillion yen in the first quarter of 2004, when the yen gained to 103.42 per dollar.
Governments intervene in currency markets when they buy or sell currencies to influence exchange rates.
The pound weakened after HBOS, which agreed to a takeover by Lloyds TSB Group Plc, said bad loans will keep rising as credit conditions deteriorate, signaling the U.K. economic slump is intensifying. The implied yield on the March short-sterling futures contract fell as traders increased bets the Bank of England will keep cutting interest rates to revive the economy.
The Bank of England cut its interest rate to 2 percent on Dec. 4, from 5.5 percent at the start of the year, as policy makers tried to limit the fallout from the global financial crisis.
To contact the reporters on this story: Jamie McGee in New York at jmcgee8@bloomberg.net; Michael J. Moore in New York at mmoore55@bloomberg.net
Last Updated: December 13, 2008 13:15 ESTBy William Sim and Nipa Piboontanasawat
Dec. 12 (Bloomberg) -- South Korea agreed on bilateral currency swap accords with Japan and China in an effort to ensure financial stability in Asia.
South Korea and Japan will increase an existing won-yen arrangement to $20 billion from $3 billion in place since May 2005, according to statements by the central banks of both countries today. China and South Korea will sign an accord worth 38 trillion won ($28 billion), the People's Bank of China said.
South Korean President Lee Myung Bak has pursued the swap arrangements to secure access to funds and prevent a repeat of the 1997 currency crisis that caused a run on the won and required a $57 billion bailout from the International Monetary Fund. The won rose 7.5 percent against the dollar this week, completing the best weekly gain since the end of October, partly in anticipation of today's announcements.
“This is a big achievement for South Korea to help stabilize its currency and maintain its external credibility,” said Chun Chong Woo, an economist at Standard Chartered First Bank Korea Ltd. in Seoul. “Still, it won't have much impact on the markets today because it was already anticipated.”
South Korea's Kospi stock index has risen 14 percent since a $30 billion swap line was agreed with the U.S. Federal Reserve on Oct. 30, suggesting that the arrangement reassured investors that South Korea would be able to service its debt. Before then the index had lost almost half its value this year.
The won has gained almost 4 percent versus the dollar since the U.S. deal. The South Korea's currency fell 1 percent to 1,372.5 per dollar as of 3 p.m. close in Seoul.
Japan, China
The agreement with Japan will only be effective until the end of April next year, the Bank of Japan said. South Korea already has an agreement that give it access to $10 billion from the Bank of Japan in dollars in times of crisis.
The accord with China gives South Korea access to 38 trillion won worth of yuan at any time for the next three years. A previous deal with China under which the Korean central bank can get as much as $4 billion worth of yuan or U.S. dollars during times of crisis still stands.
South Korea's foreign-exchange reserves fell for an eighth month to the lowest level in almost four years in November. Fitch Ratings last month cut its outlook for the nation's credit rating to negative from stable, signaling that shrinking reserves may pose a threat to the economy's stability.
“Korea has already experienced what it can be like when it runs out of reserves and how bad the downside can be for the economy,” said Robert Subbaraman, chief economist at Nomura International Ltd. in Hong Kong. “Korea has been quite proactive in trying to secure greater cooperation in the region.”
Summit Meeting
President Lee meets Japan's Prime Minister Taro Aso and China's Premier Wen Jiabao in Fukuoka, Japan, tomorrow to discuss the global financial crisis.
The central banks of China, South Korea and Japan this week announced an agreement to meet in 2009, starting regular consultations to ensure currency stability in Asia.
Finance ministers from 13 Asian nations, including South Korea, Japan and China, agreed in May to create a pool of at least $80 billion in foreign-exchange reserves to be tapped to protect their currencies.
“This cooperation is kind of a regional self-rescue,” said Ding Zhijie, deputy dean of finance at Beijing's University of International Business and Economics.
To contact the reporter on this story: Seyoon Kim in Seoul at Skim7@bloomberg.net
Last Updated: December 12, 2008 01:41 ESTBy Chris Fournier
Dec. 12 (Bloomberg) -- Canada’s currency fell for the first time in three days after the U.S. Senate blocked a bailout for General Motors Corp. and Chrysler LLC, pushing the U.S. currency higher and crude oil back below $45 a barrel.
“News about the automakers is not good for Canada or for the Canadian dollar,” said Aaron Fennell, a Toronto-based futures and currency broker at MF Global Canada Co., a unit of MF Global Ltd., the world’s largest broker of exchange-traded futures and options. “If we’re not selling goods to the U.S., that undermines the value of the Canadian dollar.”
The Canadian dollar fell 1 percent to C$1.2488 per U.S. dollar at 4:48 p.m. in Toronto, from C$1.2365 yesterday. One Canadian dollar buys 80.07 U.S. cents. Gains were briefly pared after the U.S. Treasury said it is willing to provide financing to the automakers until Congress reconvenes.
The U.S. dollar rose against most of the 16 major currencies tracked by Bloomberg including the Canadian dollar. The exceptions were the yen, euro, Swiss franc and Danish krone.
“News about the U.S. carmakers has raised the level of risk aversion on the markets,” said Stephen Gallo, head of market analysis at Schneider Foreign Exchange in London. “The dollar is rallying but it’s rallying against weaker currencies more.”
The Canadian currency may weaken beyond C$1.30 per U.S. dollar in the next quarter if oil makes a “a sustained break below $40 a barrel,” Gallo said.
Fennell predicts the loonie, as Canada’s dollar is known, will strengthen next year to at least C$1.11 because Canada’s economy is in better shape than that of the U.S.
Job Losses
U.S. automakers, which make more vehicles in Ontario than in Michigan, already cut employment by 40 percent between 2002 and 2007. Job losses are spreading beyond the auto factories in Ontario to parts suppliers, reducing the industry’s total employment to about 181,000 last year, down 18 percent from the high in 2002, according to the Conference Board of Canada.
Crude oil for January delivery fell as much as 9.7 percent, to $43.32 a barrel on the New York Mercantile Exchange, before paring its loss to 1.4 percent. Oil is the largest component of the Bank of Canada’s Commodity Price Index, accounting for 21 percent.
Canadian industrial capacity -- a measure of the share of plants in use -- fell to the lowest since at least 1987, when records started, Statistics Canada said today in Ottawa.
The two-year government bond’s yield fell two basis points, or 0.02 percentage point, to 1.48 percent in Toronto. The yield touched 1.466 percent on Dec. 5, the lowest since Bloomberg began compiling the data in 1989. The price of the 2.75 percent security due in December 2010 rose 3 cents to C$102.44.
To contact the reporter on this story: Chris Fournier in Montreal at cfournier3@bloomberg.net
Last Updated: December 12, 2008 17:08 EST
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3 comments:
nape agaknye bro amy kena banned dari CG? baru nak follow kt CG..
allo astroboy...
saya ni tgh tggu awk nye signal nk masuk positon bro... hehehe
saya nya mak blaja dgn awak kt penang..
hehehehe
bro agak2 kul berapa signal hang keluarkan
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