U.S. Economic Data Dow Jones going weak
Stock Report, Uncategorized December 15th, 2009
The Dow Jones closed down 11 points, in trading Tuesday (5/1/2010), as investor fears of economic data released in the United States (U.S.).
Observed, the three major indices in Wall Street mixed in late trading, a day after the Dow Jones managed to record surge of more than 150 points triggered by the U.S. manufacturing data and China.
As quoted by Reuters on Wednesday (6/1/2010) sentiment brought the Dow Jones index fell 11.94 points, or 0.1 percent to the equivalent 10,572.02. Meanwhile, the S & P 500 had gained 3.53 points, equivalent to 0.3 per cent to 1136.52, and the Nasdaq index rose 0.29 points, or 0.1 per cent equivalent to 2308.71. Read the rest of this entry »
Strengthen Currency Flow Rupiah
Uncategorized July 15th, 2009
Heavy flows of foreign exchange (forex) is entered in the last three days making the rupiah continued to strengthen. Rupiah for dollars is now in the level of USD 9200 and kept close to the position of USD 9 thousand.
Acting Governor of Bank Indonesia, Nasution Nasution said, the current foreign exchange or capital into it rather quickly in 2 or 3 days lately. But it was not too be seen as something permanent.
“Now it’s a bit stronger, but also must be viewed as in so strong, then weakened a bit, it always ups and downs there,” Nasution said after meeting with the Ministry of Finance, in Jakarta, Thursday (7 / 1).
According to him, the market is now trying to mempredict that the policy rate in the state remained. So that they, competing market players to enter. On the other hand, they also continue to see the policy rate policy in other countries. Including, for example, their own country, America. “Therefore the entry of large foreign exchange was a bit on the last few days,” said Nasution.
However, for future trends, their movements should not as fast as two or three days. Problem BI step, he says no need to explain about it. “For exports and imports should not be affected by the movement of 2 days or 3 days,” he said.
Today the rupiah itself opened in the strongest position 50 points from Rp 9725 per U.S. dollar on Wednesday to $ 9225 per dollar.
Independent economists expressed Adityaswara Mirza, at the beginning of this year’s financial markets opened with enthusiasm to the world economic recovery. So that the stock and bond markets improved.
However, because developing countries (like Indonesia) lebh fast growing economy of the developed countries capital inflows sehigga more. “Besides the U.S. dollar is still weakening. Because of low interest rates and the U.S. economy growing lebh lower than developing countries,” he said.
Mirza projecting rupiah could strengthen slightly under USD 9000. But in the second semester may rupiah weakened slightly again karen dollar rates began to rise and oil prices rose. “The range of this year the rupiah trading Rp 8950 to Rp 9400,” he explained
