JPY Fundamental

The JPY weakened slightly after data showed that Japan’s nationwide core CPI drop 0.1 percent in May, reinforcing market expectation that the BOJ will only raise rates in gradual manner, thus, fueling the carry trades to begin all over again.

US Fundamental

The Dollar was a little changed yesterday after the FED announced its decision to keep interest rate unchanged as expected. The statement following was seen as a little hawkish as it repeated worries about inflation pressures but failed to mention concern regarding U.S. housing market or slow down in growth.

GBP/USD - Technical Analysis (June/28/07)

what happen next?

wait until USD interest rate statement. i put sell stop on 1.9969 ..strong support on 1.9895 (if it's break then will down far)

Fundamental analysis (GBP) by Admin

On Wednesday, Sterling got pressure against the USD after break the resistance at $2 come up with the expectation of higher interest rate next week.
Sterling down 0.2% to $1.9950, economists expect the interest rate will be 5.75%.
John Gieve, Deputy Governor of Bank of England stated on tuesday, he gave vote to rise the interest rate in order to hold the demand of credit.
Towards to Bank of England's decision next week, market will focus on this meeting, the result could be use to measure the effect of the hikes interest rate since August, 2006.

Fundamental analysis (YEN) by Admin

Yen strengthen on Wednesday when the volatility of the stock exchange and the worry about the down of US mortgage sector, let trader to stop carry trade.

Review of Fundamental Analysis (USD) by Admin

USD weakened against Yen on Wednesday, June,27, after the report of Durable Goods Orders US (May) is lower than expected.
Trader become more wary to fluctuation on the carry trade after the volatility of the global market focus more on the US mortgage sector.
The actual Durable Goods Order down more than expected to -2.8% from 1.1% on April.
Dollar weakened 0.7% against Yen at 122.34.

Be careful with the effect of unwinding carry trade

Commodities ended lower as investors square their positions in the market. Gold hits its lowest record in three and a half months and U.S. crude futures fell by nearly two percents last night.

JPY report

The JPY continues to strengthen against EUR and the USD as investors unwind their carry trades position in the midst of volatile stock market resulting from concerns about fallout in the U.S. subprime mortagage sector.

Warning from Japanese Finance Minister Koji Omi about weakness of the country’s currency was helping JPY even further.

POLL_US Durable Goods Order seen down 1 pct

June, 27, 2007, (12.30 GMT)
US Durable Goods Orders, Forecast -1.0, down from +0.8 in April

New York,

A decline for new aircraft order seems likely push US durable goods orders down in May, snapping 3 months string of gains.
Economist said, they expect a fall in volatile aircraft orders to be the culprit for weaker number in May. While order for non defense capital goods are expected remain positive territory, though a Reuters poll has them growing at 0.5 percent in May, below April's 0.8 percent advance.

Durable Goods Orders measure future demand for big-ticket consumer items such as computers and appliances as well as for civilian and military aircraft, machinery and primary metals. The government will release the report at 12.30 GMT on Wednesday.

new blog in forex trading (please read)

Today, in June,25,2007, i start to share my prediction in forex market especially in fundamental and technical analysis. I usually invest either in long term and short term with help of several indicators that i trust it's good. I focus more on fundamental which is 80% and the rest are for technical. for short term is the other way round.

For those who have checked on my blog please feel free to put on your comments , prognosis (prediction) and your calculation as well. this blog is created for the purpose of sharing our ideas. therefore , if you have any disagreement with my prediction, please feel free to post it and discuss it with us. thank you. Hope to heard from you as soon as possible(asap).

You may also add my yahoo messenger cool_simone2002@yahoo.com.
Forex is learning and discussing, so if we want to be success in market, we need to know each others opinion then together we will understand where the market will be.
If you want to submit your indicators, please to send to my email cool_simone2002@yahoo.com and i will upload it to this blog.
Success for us
Thank you.

NOTE : FOREX IS LOGIC! NOT GUESSING!

Regards,

Nelsen, W.