GBPUSD - Buy Entry

Seeing the daily trend, GBPUSD pair seems still to have a positive trend to continue movement Bullish. This is related to the economic recovery in the U.S. which tends to slow.

I tried to entry such Buy GBPUSD at the screenshots on the assumption that this pair will move up, where the movement was also influenced by some other pair and economic news will be released in both countries.

I predict that the movement bullish on this pair will be able to reach the level of daily opening and if the trend is still strong enough it would continue movement to go up. If you find that price movements in the GBPUSD pair is beyond what I expected, then I will reconsider. what will I bear this entry or closed at any position. I estimate that the economic news today will greatly affect the movement of this pair.

Gold Prices Still Highest Point

Detik.com October 8 - U.S. dollar began to strengthen after a decline. But gold prices have not subsided and are still entrenched in its highest point.

Investors are buying gold to continue the action and other precious metals for fear that the dollar will strengthen again and brought the threat of inflation.

In trading Wednesday (7/10/2009), the price of gold in the four spot market through U.S. $ 1048.20 per ounce before finally receding to U.S. $ 1041.75. This price is still higher than the final price on Tuesday at U.S. $ 1040.85 per ounce.

On COMEX, which is a division of the New York Mercantile Exchange, gold for December delivery closed up 4.70 dollars to U.S. $ 1044.40. The price of gold in this market to move in the range of U.S. $ 1.037-1.049,70, which is also a record high.

Gold prices have climbed to record 20% this year as the U.S. dollar continued to decline and fears of inflation after competing nations billions of dollars in mengguyurkan crisis. Gold rated as the safest investment place of interference inflation.

Prices of other precious metals also gained the Palladium that could penetrate U.S. $ 313.50 per ounce, which is the highest point since August 2008.

While the U.S. dollar has now started strong, making gold failed to penetrate the psychological level of U.S. $ 1050 per ounce. But analysts said the momentum is still going to be there.

"When the market moves so much in two days, you must be berekspektasi it paused to draw breath. But we do not see many signs of people going to bail out and take profits here," said Tom Kendall, metals analyst from Mitsubishi Corp was quoted as saying by Reuters on Thursday (8/10/2009).

Daniel Sacks, Co-Portolio Manager of Investec Global Gold Fund says, the price of gold will test the new highest point in line with the development of IV quarter.

"We believe this will continue. The price of gold is still half of the highest point in real terms, despite having rallied in the last 8 months," he said.

IDR 9400/US$

Detik.com October 8 - The rupiah continued to move strengthened and now stand at 9400 levels of per U.S. dollar. However, profit taking is predicted to block the rate of the rupiah pengautan today.

In trading Wednesday (7/10/2009), the rupiah strengthened opened again to 9420 per dollar, compared to yesterday's closing level of 9440 per U.S. dollar.

Rupiah since the last two weeks moving very significant indeed. Foreign capital flows to emerging markets to use the momentum weakening U.S. dollar makes dollars more powerful. And the strengthening of the rupiah happened at all without the intervention of BI.

While the U.S. dollar in global markets worse off after the report Gulf countries will take off using the U.S. dollar in oil transactions.

Euro scoop to 1.4715 dollars, compared to 1.4648 earlier in the level of dollars. The dollar also weakened the yen to 88.82 yen positions, compared to 89.51 yen earlier on.

"In the end the movement with oil trading currency allows more varied. But in our view, reports The Independent's made it to occur more than necessary," said Barclays Capital analyst, Adarsh Sinha was quoted as saying by AFP.


English daily 'The Independent', citing a source said, the Arab countries are now serious talks with Russia, China, Japan and France to replace U.S. dollar with a collection of gold and currency to trade oil in 9 years.

The Independent in its headline to write a special report titled "Death of dollars". The report was written, the Arab countries will use the 'basket of currencies' which contains a combination of yuan currency, euro, gold and some other currencies for oil transactions.

GBPUSD - Buy Entry

Today the trend GBPUSD pair seems to be bullish, I decided to buy entry today. possibility of movement will reach the level of 1.6030. I hope that this pair can move up to that level.