Yield Demand tempers send yen and dollar gain

The yen and the dollar rose against the euro on speculation declines in stocks will prompt investors to reduce holdings of higher-yielding assets.

The greenback gained for a third day versus Europe’s single currency on speculation the European Central Bank will cut interest rates this week. South Korea’s won was the biggest loser among the 16 most-active currencies versus the dollar today on prospects that importers and banks are taking advantage of this month’s advance to pay bills.

The tumble in equities is sparking some risk aversion among investors. The yen and the dollar are likely to be bought.

The yen advanced to 129.50 per euro. Japan’s currency traded at 97.71 per dollar. The dollar rose to $1.3255 per euro. It climbed to $1.4237 per British pound. The U.S. currency increased 2 percent to 1,374.65 versus the won.

China stimulus package start kicking off

China’s industrial-production growth slowed in the first two months of the year as exports slid at a record pace. Bank lending jumped as the nation’s 4 trillion stimulus began to take effect. Output rose 3.8 percent in January and February from a year earlier, slowing from a 5.7 percent increase in December. New lending quadrupled in February to 1.07 trillion yuan from a year earlier, the central bank said.

The export engine has died, China is in a ‘help themselves’ mode, pump-priming like crazy to increase fixed- asset investment and keep retail spending going.

Premier Wen Jiabao is aiming to achieve 8 percent economic growth this year through tax cuts and spending on roads, railways and energy pipelines. He must contend with rising unemployment, falling house prices and the risk a surge in lending will result in bad debt for banks.

Exports fell a record 25.7 percent in February, consumer prices fell for the first time in six years, and a report today showed retail sales grew at the slowest pace in two years in the first two months of the year.

Spending on real-estate development grew only 1 percent in the first two months from a year earlier as home prices fell.

Among more upbeat indicators, bank lending has responded to calls by the government to support the spending package and the broadest measure of money supply climbed at the fastest pace in more than five years in February.

A more-than-estimated 26.5 percent jump in urban fixed asset investment in January and February was also interpreted by some economists as a sign Wen’s package may help him achieve his 8 percent GDP growth target.

The world is looking to see if China’s growth can support commodity prices and demand from its Asian neighbors. Benchmark steel prices in China surged 46 percent between November and February and iron ore imports the world’s largest buyer of the steelmaking ingredient gained 22 percent last month.

China’s construction equipment sales may jump 20 percent in the second half as orders recover on the government stimulus.

China’s vehicle sales surged 25 percent in February after the government cut taxes on some models. General Motors Corp. has raised its forecast for the auto industry’s sales growth in China this year to as much as 10 percent from less than 3 percent.

Gross domestic product grew 6.8 percent in the fourth quarter, the least since 2001, with industrial production expanding 5.4 percent in November, the weakest pace in almost a decade. The International Monetary Fund expects the economy to grow 6.7 percent this year.

Oil rises as traders covering position

Crude oil rose for the first day in three as traders closed out bets that prices would fall amid speculation OPEC may cut output for a fourth time.

Investors purchased contracts to profit from so-called short sales after crude dropped 7.4 percent yesterday as U.S. inventories showed a bigger-than-expected gain. Algerian Energy Minister Chakib Khelil said yesterday OPEC is likely to reduce output again at this weekend’s meeting. Other ministers have called for the group to halt reductions.

Crude has sold off quite a bit so people are covering their positions. Traders are also buying as insurance if there is an OPEC announcement of a cut. But if OPEC continues saying they want to see how compliance is, we going to see it drift lower.

Crude oil for April delivery rose as much as 83 cents, or 2 percent, to $43.16 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude oil for April settlement rose as much as 90 cents, or 2.2 percent, to $42.30 a barrel on London’s ICE Futures Europe exchange.

Bill Gates still the richest man

The world has 332 fewer billionaires now than a year ago, according to Forbes magazine. Just as heartbreaking: The world's richest people aren't as rich as they were a year ago. While Bill Gates the chairman of software behemoth Microsoft Corp. has regained the title of world's richest man, worth $40 billion, although Forbes says he lost $18 billion last year.

And New York City Mayor Michael Bloomberg was the only billionaire among the top 20 whose net worth rose during the past year.

But Warren Buffett slipped to second place, after losing $25 billion in the past year due to the decline in value of Berkshire Hathaway stock.

Forbes annual snapshot of the world's wealth found the total number of billionaires fell to 793 from 1,125. Forbes said this marks the first time since 2003 that the number dropped from one year to the next.

Even among those who have managed to remain billionaires, there's been a vast decrease in wealth, the magazine said the total net worth of this year's list is $2.4 trillion, down $2 trillion from $4.4 trillion last year.

The average billionaire is now worth $3 billion, down from $3.9 billion in 2008. (newsday/forbes)

Result Trade 11 march 2009

This my result Trade 11 march 2009

China export slump increase demand for dollar dan yen

The dollar and the yen strengthened after a Chinese government report showed exports slid by a record last month, reviving demand for the two currencies as a refuge from the financial turmoil.

The U.S. and Japanese currencies gained versus higher yielders such as the Australian dollar after China’s customs bureau said the trade surplus narrowed to the least since February 2006, adding to concern the global recession will deepen. The euro ended a three-day gain versus the yen on speculation European Central Bank council member Erkki Liikanen will signal policy makers may cut interest rates further.

The dollar rose to $1.2652 per euro from $1.2682 late in New York yesterday. The U.S. currency traded at 98.47 yen from 98.67 yen. The yen advanced to 124.56 per euro from 125.13 yen.

Australia’s dollar dropped to 64.20 U.S. cents from 64.59 cents late yesterday. China’s trade surplus narrowed to $4.8 billion in February. Exports tumbled 25.7 percent from a year earlier and imports fell 24.1 percent.

Result Trade 10 March 2009

This result trade 10 march 2009

Sterling UP After sharp Anjlok Ads

Movement of sterling exchange rate against U.S. dollars in trade today (10/03) experienced slight improvement. Today sterling yesterday after a sharp decline in line with the process of takeovers by Lloyds Bank of the UK government.

In the trade these days is up sterling 1.3846 dollars at the position. Sterling this position have increased compared to the closing of U.S. exchanges early days earlier in the level of 1.3775 dollars.

In the trade yesterday setrling exchange rates had decreased sharply to the lowest position since 26 January, at the level of 1.3740 dollars.

Analyst Research Vibiz dar Vibiz Consulting sterling rate movements that day is still colored potential retreat. Later on the evening of the data will be released in the UK manufacturing and production is still estimated to be decreasing.

Analyst Research Vibiz from Vibiz Consulting estimates that the sterling exchange rate movements on trade this week will likely be in the range 1.3688 - 1.3950 dollars.

Aussie Rebound

Movement on the aussie trading today after the rebound appears to have opened before the morning in negative territory (10/03). Aussie in the chart belong Vibiz research experience appears to rebound after data on business confidence in Australia has increased. Aussie in the chart belong Vibiz research experience appears to rebound after data on business confidence in Australia has increased.

Although still dinaungi by pessimism, but the data on business confidence in this is increasing. Although still dinaungi by pessimism, but the data on business confidence in this is increasing. Index trust business increased to the level of -22 points from -32 in the previous points. Trust business index increased to the level of -22 points from -32 in the previous points.

At this time appear to be in aussie position 0.6384 dollars. At this time appear to be in position aussie 0.6384 dollars. Aussie day this position have increased compared to the position of the closure perdagangannya early days earlier. Aussie day this position have increased compared to the position of the closure perdagangannya early days earlier. However compared to the closing position in Asian trade yesterday Australian currency is still in negative territory. However compared to the closing position in Asian trade yesterday the Australian currency is still in negative territory.

Analyst Research Vibiz from Vibiz Consulting believes that the exchange rate movement on trade aussie today still tend to be volatile. Analyst Research Vibiz from Vibiz Consulting believes that the exchange rate movement on trade aussie today still tend to be volatile. Potential retreat still open along with the stock exchanges jebloknya Asia. Potential retreat still open along with the stock exchanges jebloknya Asia. To this day the range is estimated to have reached the 0.6270 - 0.6330 dollars. To this day the range is Estimated to have reached the 0.6270 - 0.6330 dollars.

Result Trade 9 march 2009

This my result trade live account

ECB will signal further rate cuts

The euro fell, snapping two days of gains versus the yen, on speculation the European Central Bank will cut interest rates today and signal further reductions in borrowing costs to counter the region’s deepening recession.

The euro also headed for a fourth weekly loss versus the dollar before a report from the European Union’s statistics office that economists say will reiterate the region’s economy shrank the most in at least 13 years last quarter. The yen traded near the weakest in four months against the dollar after a government report showed Japanese companies slashed spending at the fastest pace in a decade.

ECB President Jean-Claude Trichet may say he’ll cut rates again in the future. This would likely cause selling of the euro.

The euro declined to $1.2603 Tokyo from $1.2661 late in New York yesterday. The European currency dropped to 125.16 yen from 125.52. The yen traded at 99.31 versus the dollar from 99.15 yesterday when it touched 99.49 yesterday, the weakest level since Nov. 10. The U.S. currency was at $1.4145 per pound from $1.4194, and advanced to 1.1726 Swiss francs from 1.1676.

The ECB will cut its 2 percent target lending rate by a half-percentage point to the lowest level since the 16-nation currency was introduced in 1999. The Bank of England will halve its main rate to 0.5 percent at a separate meeting today

U.S. faces biggest job losses since 1949

The U.S. economy probably lost more jobs in February than at any time since 1949, a plunge that may force further reductions in spending and send more Americans into bankruptcy, based one economists forecast today.

Employers cut payrolls by 650,000 and the unemployment rate probably surged to a 25-year high of 7.9 percent.

Tumbling demand globally is prompting companies from General Motors Corp. to Sears Holdings Corp. to step up firings, perpetuating a vicious circle of job losses and spending cuts. The Obama administration has set aside immediate concerns about a budget gap and pushed through a $787 billion stimulus plan aimed at creating or saving 3.5 million jobs.

Economists’ estimates ranged from payroll declines of 500,000 to 800,000. Forecasts for the jobless rate, which climbed to 7.6 percent in January, ranged from 7.8 percent to 8.1 percent.

The projected drop in employment last month would be the biggest since a slump of 834,000 in October 1949, when about 500,000 steel workers went on strike demanding better pension and health-care benefits.

The economy lost 598,000 jobs in January, bringing the total drop in employment since the recession began in December 2007 to 3.6 million, the most of any downturn since 1945.

The report may also show manufacturers cut 200,000 jobs, according to the survey. January’s 207,000 factory payroll reduction was the biggest since 1982.

The slump in employment was foreshadowed by first-time jobless claims, which surged last month to the highest level in 26 years. Federal Reserve Chairman Ben S. Bernanke this week cited the rise in applications as suggesting that labor market conditions may have worsened further in recent weeks.

Automakers, at the forefront of the manufacturing slump, have continued to slash jobs to trim costs and stay in business. General Motors last month said it would cut 47,000 more positions globally as it sought $16.6 billion in new U.S. loans.

Banks, retailers and other service companies that make up almost 90 percent of the economy have also been battered. Sears last week said it would close 24 stores, on top of eight closings announced earlier, after its fourth-quarter profit fell 55 percent due to weak holiday sales.

Even government jobs are endangered. Michigan Governor Jennifer Granholm plans to fire 1,500 workers to balance the budget as tax revenue has plunged due to the auto slump.

Economists polled by Bloomberg last month forecast consumer spending will contract through the first six months of this year after sliding in the last half of 2008. Purchases have not contracted for four consecutive quarters since records began in 1947.

If the recession persists through the first half of this year, it would be the longest since the Great Depression. The economy shrank at a 6.2 percent pace in the fourth quarter of 2008, the weakest performance since 1982.

In his first speech to a joint session of Congress, Obama said on Feb. 24 the economy has left “our confidence shaken” and the credit crisis paralyzing the banking system will need to be fixed or “our recovery will be choked off before it even begins.”

Result Trade 5 maret 2009

This my result trade ijn live account 5 maret 2009

Forex signals 5 maret 2009

Pair GBP/USD


TIME 13.00 (gmt +7)
SELL STOP : 1.4128
BUY STOP : 1.4170
TP : 10-30 pip
sl : 5 % margin



Pair EUR/USD


Time : 13.00 (gmt +7)
sell stop 1.2586
buy stop : 1.2621
TP ; 10-30
sl 5% margin

Result Trade 23-27 februari 2009

This live result Trade 23 februari 2009 - 27 februari 2009

USD gains as investors seek refuge after economic worsen

The dollar rose to the highest level in almost four months against the euro after a government report showed Australia’s economy unexpectedly shrank last quarter, boosting demand for the U.S. currency as a refuge.

The dollar climbed to $1.2495 per euro Tokyo from $1.2561. The greenback rose to 98.49 yen from 98.16 yen. The currency appreciated to $1.4026 from $1.4050 against the British pound and advanced to 1.1811 Swiss francs from 1.1760.

The yen strengthened to 123.03 per euro from 123.31. Japan’s currency rose 0.6 percent to 15.71314 versus South Korea’s won and advanced 0.5 percent to 62.29 against Australia’s dollar from late in New York yesterday.

The Dollar Index, which the ICE uses to track the U.S. currency versus the euro, yen, pound, Swiss franc, Canadian dollar and Swedish krona, rose as much as 0.8 percent to 89.624 as investors sought shelter in the world’s reserve currency.

Gains in the yen may be limited after an aide to Japan’s opposition leader was arrested in a funding probe, signaling further political turmoil in the nation.

The senior aide to Ichiro Ozawa, head of the Democratic Party of Japan, was arrested on suspicion of receiving illegal political donations from a construction company. “I did absolutely nothing illegal,” Ozawa told reporters today in Tokyo, vowing to stay on as leader.