Jan2 2008 commentaries

[lohchang]

ISM manufacturing figure released are lower than expected, things does not seems good for USD and capital markets, JPY should track capital markets movement today.

So watch out everyone.

Good luck trading.

[lohchang]

ISM manufacturing figure released are lower than expected, things does not seems good for USD and capital markets, JPY should track capital markets movement today.

So watch out everyone.

Good luck trading.



Things gone from bad to worse for USD and capital markets, as US ISM manufacturing release trigger fear among investors that Manufacturing sector growth is going to decline, weaker USD helped commodities rally today and Crude oil touched 100USD per barrel, but Crude oil price is overdone as a slowing economy growth = lower consumption and demand for energy products, Crude oil price is overbought by speculators, tomorrow storage report should snap its rally.

JPY gain strength, tracking capital markets slump, how far capital markets will fall remains a tough guess. Fed might have to cut rates to spur growth temporary boosting capital markets, but cutting rates with current high commodities prices are definitely going to fuel inflation.

So trade with extra precautions until things are clearer.


Good luck