Rough Sea Ahead

It's almost end of the year, and the sea is getting rougher and rougher with each passing day. Everyone is talking and having long speech on the rates and the current economy situation. Guess no single body intervention would influence on the forex market. G7 summit did influence a bit, but then, US market condition is so bad that currently it is moving on a much higher level than before.

I really like this: Peter Borish, former second-in-command for Paul Tudor Jones, lays bare the only concern a trader must have: "Price makes news, not the other way around. A market is going to go where a market is going to go".

Non farm payroll will be here soon, hope that USD would strengthen against all currency. And pray that Ben Benanke rumour about cutting of bps point on the interest rate doesn't come true at all...

What's happening!!!!

Man, it's sure hot nowadays with Gold and Oil reaching the highest level in decade. Yaow, oil is almost reaching U$90 per barrel, currently trading at around U$88. Gold is moving strongly up up up, as if 3rd War World is approaching. Guess the whole world will be suffering from inflation.

To make matter worst, Federal Reserve Chairman Ben Bernanke also giving comments on the market slump, and nothing positively to add on. Well, guess USD will be staying weak for the time being.

Oct Non Farm Payroll

Ok, a very short one:

Overall the report is better than expected. However, at the end of Friday closing, the market still favouring weakness in USD. Oh well... Better luck next month.