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Make Money Blog $, Jakarta - Euro had gained after the Jakarta Composite Index closed just weakened thin. The market re-focus on the governor's speech tonight and the Fed to ignore the lattice that the U.S. will not remove the stimulus.
Researcher and senior analyst PT Monex Investindo Futures Albertus Christian said, strengthening the rupiah today triggered by the market to refocus on the speech Fed governor Ben Bernanke at a symposium in Jackson Hole, Wyoming, tonight or at 10.00 AM local time.
Therefore, the rupiah strengthened despite earlier exit grating that the Fed will not issue further stumulus so the dollar strengthened sharply. "Therefore, throughout the trade, the rupiah reached its strongest level of 8558 and the weakest opening 8578 of 8569 positions per U.S. dollar," he told INILAH.COM, in Jakarta, Friday (26 / 8).
The rupiah in the foreign exchange interbank spot market on Friday (26 / 8) closed up 15 points (0.17%) to 8.560/8.570 per U.S. dollar level of the position of 8.575/8.585 yesterday.
Yesterday, Chritian further, there is movement outside the forecast where the dollar strengthened sharply as expectations of changes in the economic stimulus that is not expected given the Fed. Therefore, one member of the Fed gives the lattice which is also a member of the symposium is Thomas Boenick."Boenick said that the U.S. central bank remains projecting U.S. GDP in 2011 at level 2 to 2.5%," he said.
This figure is considered the market is very optimistic. Therefore, the chances of double-dip U.S. recession to be small. As a result, opportunities for providing a stimulus such as Quantitative Easing (QE) The third stage was smaller. "Because of that, unexpectedly, the U.S. dollar rose sharply yesterday, and so the pressure on the rupiah," he said.
"Double dip recession can not happen," said Christian mimicked Thomas Boenick who is president of the Kansas City Fed. Boenick interviewed directly from Jackson Hole, Wyoming on the sidelines of the symposium was deemed a break market as Bernanke's speech lattice.
Poor U.S. economic data, especially in the manufacturing sector and unemployment pushed Thomas Boenick. Last week released the Philadelphia area manufacturing index from the previous 30.7 plus minus 3.2. Likewise with the New York manufacturing index minus 7.7 from minus 3.8 and the final manufacturing index and the surrounding Virginia area commonly referred to Richmond area released at the previous level of minus 10 from minus 1 (one).
Likewise with the latest U.S. unemployment data is negative.U.S. Unemployment Claims rose to 417 thousand from the previous 412 thousand. Tonight will also release data Gross Domestic Product (GDP) to U.S. early third quarter of 2011 an estimated 1.1% from 1.3% previously. "All of this data is ignored by Thomas Boenick," said Christian.
According Boenick, continued Christian, bad data is just a temporary fluctuation. Because it requires an update of the Fed U.S. economy further to issue a new stimulus.
The Fed seems to still monitor the progress first and decide if that stimulus is needed. "So, the market is picking up signals in the short term, the Fed will not issue a stimulus first," he explained.
But, today the U.S. dollar back pressure so that the rupiah strengthened as the market waited to see what exactly speeches Fed governor Ben Bernanke at a symposium on Jacson Hole, later that night.
As a result, the U.S. dollar weakened against most major currencies including the euro (the currency of the European countries combined). The U.S. dollar index fell 0.45% to a level of 74 from the previous 74.30. "Against the euro, U.S. dollar weakened to as low as U.S. $ 1.4447 from U.S. $ 1.4373 per euro," added Christian.
From the stock exchange, securities analysts Ekokapital Ridwanullah Cece said, a thin weakening Composite Stock Price Index (CSPI) today by 2.65 points (0.07%) to a level of 3841.731 one of which is triggered by the weakening of thin stock markets in Asia.
Yesterday too, when Dow Jones and positive Asian regional exchanges, stock index ended down just thin. "So indeed, the Indonesian market had a special reason that the momentum profit-taking ahead of long holiday Eid 2011," he said.
That means more Cece, markets want to be safe and careful.Because, during the Indonesia stock exchange holiday, global markets walk normally. Markets worry about unwanted things happening abroad. Moreover, the U.S. and the European situation is still volatile. "Because of that, psychologically the market prefer to hold cash than stocks to re-enter after the holiday is over," said Cece.
On the other hand, the market also remained focused on the speech of Governor Ben Bernanke at the Fed's symposium in Jackson Hole on Friday (26 / 8) of this. Markets await whether the Fed will issue Quantitative Easing (QE) third stage according to market demands or not.
"If it does not, of global stock markets will fall as Indonesia holiday exchanges," he said. "That risk is a consideration of investors so that they streamline the portfolio to 50% for on-hold until the end of 2011." [MDR] source: INILAH.COM
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Researcher and senior analyst PT Monex Investindo Futures Albertus Christian said, strengthening the rupiah today triggered by the market to refocus on the speech Fed governor Ben Bernanke at a symposium in Jackson Hole, Wyoming, tonight or at 10.00 AM local time.
Therefore, the rupiah strengthened despite earlier exit grating that the Fed will not issue further stumulus so the dollar strengthened sharply. "Therefore, throughout the trade, the rupiah reached its strongest level of 8558 and the weakest opening 8578 of 8569 positions per U.S. dollar," he told INILAH.COM, in Jakarta, Friday (26 / 8).
The rupiah in the foreign exchange interbank spot market on Friday (26 / 8) closed up 15 points (0.17%) to 8.560/8.570 per U.S. dollar level of the position of 8.575/8.585 yesterday.
Yesterday, Chritian further, there is movement outside the forecast where the dollar strengthened sharply as expectations of changes in the economic stimulus that is not expected given the Fed. Therefore, one member of the Fed gives the lattice which is also a member of the symposium is Thomas Boenick."Boenick said that the U.S. central bank remains projecting U.S. GDP in 2011 at level 2 to 2.5%," he said.
This figure is considered the market is very optimistic. Therefore, the chances of double-dip U.S. recession to be small. As a result, opportunities for providing a stimulus such as Quantitative Easing (QE) The third stage was smaller. "Because of that, unexpectedly, the U.S. dollar rose sharply yesterday, and so the pressure on the rupiah," he said.
"Double dip recession can not happen," said Christian mimicked Thomas Boenick who is president of the Kansas City Fed. Boenick interviewed directly from Jackson Hole, Wyoming on the sidelines of the symposium was deemed a break market as Bernanke's speech lattice.
Poor U.S. economic data, especially in the manufacturing sector and unemployment pushed Thomas Boenick. Last week released the Philadelphia area manufacturing index from the previous 30.7 plus minus 3.2. Likewise with the New York manufacturing index minus 7.7 from minus 3.8 and the final manufacturing index and the surrounding Virginia area commonly referred to Richmond area released at the previous level of minus 10 from minus 1 (one).
Likewise with the latest U.S. unemployment data is negative.U.S. Unemployment Claims rose to 417 thousand from the previous 412 thousand. Tonight will also release data Gross Domestic Product (GDP) to U.S. early third quarter of 2011 an estimated 1.1% from 1.3% previously. "All of this data is ignored by Thomas Boenick," said Christian.
According Boenick, continued Christian, bad data is just a temporary fluctuation. Because it requires an update of the Fed U.S. economy further to issue a new stimulus.
The Fed seems to still monitor the progress first and decide if that stimulus is needed. "So, the market is picking up signals in the short term, the Fed will not issue a stimulus first," he explained.
But, today the U.S. dollar back pressure so that the rupiah strengthened as the market waited to see what exactly speeches Fed governor Ben Bernanke at a symposium on Jacson Hole, later that night.
As a result, the U.S. dollar weakened against most major currencies including the euro (the currency of the European countries combined). The U.S. dollar index fell 0.45% to a level of 74 from the previous 74.30. "Against the euro, U.S. dollar weakened to as low as U.S. $ 1.4447 from U.S. $ 1.4373 per euro," added Christian.
From the stock exchange, securities analysts Ekokapital Ridwanullah Cece said, a thin weakening Composite Stock Price Index (CSPI) today by 2.65 points (0.07%) to a level of 3841.731 one of which is triggered by the weakening of thin stock markets in Asia.
Yesterday too, when Dow Jones and positive Asian regional exchanges, stock index ended down just thin. "So indeed, the Indonesian market had a special reason that the momentum profit-taking ahead of long holiday Eid 2011," he said.
That means more Cece, markets want to be safe and careful.Because, during the Indonesia stock exchange holiday, global markets walk normally. Markets worry about unwanted things happening abroad. Moreover, the U.S. and the European situation is still volatile. "Because of that, psychologically the market prefer to hold cash than stocks to re-enter after the holiday is over," said Cece.
On the other hand, the market also remained focused on the speech of Governor Ben Bernanke at the Fed's symposium in Jackson Hole on Friday (26 / 8) of this. Markets await whether the Fed will issue Quantitative Easing (QE) third stage according to market demands or not.
"If it does not, of global stock markets will fall as Indonesia holiday exchanges," he said. "That risk is a consideration of investors so that they streamline the portfolio to 50% for on-hold until the end of 2011." [MDR] source: INILAH.COM
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