As what I have predicted last week, the IDR support at 12000 level would be an ideal point for a reversal. IDR closed this week at 11.870 per dollar. The weakening of USD globally is triggered by the Fed plan to spend 1 trillion USD to buy corporate and government debt so that it would be able to reduce borrowing rate. In Indonesia, the JSX also gained this week as I already predicted due to the increasing demand from the foreign investors. The yield on Indonesia's 10 year bonds is arround 12% which is about 10% higher than USA bonds, hence investors are exchanging their USD to get a higher yield in IDR. With the risk appetite improving, I would expect the IDR to keep its strength relatively to USD for the coming week. Any other opinion ?
Posts
3 comments:
Hey, check out my blog for some free unique meta trader downloads http://fishingformoney.blogspot.com/2009/03/trading-indicators-for-meta-trader.html
Great post! Very informative and helpful… I can see that you put a lot of hard work on your blog, I'm sure I'd visit here more often. Maybe, you want to come by my site too. It's mainly about Do it Yourself Credit Repair . I'm sure you'd find it useful. thanks!
YOur post is very informative. seo pakistan I like your post
Post a Comment