25-29 May News

We should create a new topic for every week here. Else news within the week should be posted within each topic

From email:

some news on USD

http://www.dailyfx.com/story/dailyfx_reports/daily_fundamentals/US_Dollar__Japanese_Yen_Fall_1243029900825.html

http://www.dailyfx.com/story/bio1/US_Dollar__Euro_to_Face_1243025518787.html

http://www.dailyfx.com/story/currency/eur_fundamentals/US_Dollar_Plunges_Into_Oversold_1243031563344.html

Continue...

if usd going down, EU suppose to go higher right because dollar weaken...

i just hope this US still worry about the rate downgrade as UK already kena last week...
since last friday night US been talking whether they going to kena downgrade or not...

today will be dull.... not decided which way it will go if not mistaken today US on holiday...

news on USD this week...

http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/today's-key-points-2009052588011/

GJ:

no news concern on GBP, only on euro german figure down...
this drop kinda expected because G/J being trading at tight range since this morning.

waiting for it to lepas 5pm candle, waiting in 15mins chart to cross up...

Pound rosed above 1.60 first time since Nov.
It's been almost 6 days it stay above 70 RSI level

http://www.bloomberg.com/apps/news?pid=20602081&sid=avu8TC9mUsU0&refer=benchmark_currency_rates

I know how to make bloomberg website faster. Keep refreshing it. hahaha.

Conclusion... GBP going down...... its inevitable!

Just heard currency report frm Bloomberg:
When Euro market closed, if cable can maintain above 1.40 and pound can maintain above 1.60 this trend may continue...

bottomline: Dollar bearish
Current trend: no position based trade, whenever hooked in profit - take it...

inevitable is GM filed for bankruptcy

its pretty bad. my dad's parent company is GM. hmm...

Not confirm yet, GM still have time until 1st June before filed for Chapter 11
maybe they take the TARP fund, bailed out by US taxpayer money...