"Most likely, the FED is going to keep the rate unchanged. "
Well guys, we'll probably know whether they will change the rates or not at 2:15am(local time) 22nd March. Keep your eyes on those USD related charts. USD Interest Rate Statement Forecast: 5.25% Previous: 5.25%
If it changes by 0.25%, the GBP/USD will move 100 pips or more either way depending on whether it increases or decreases the rate.
" How about Japan carry trade? It is over yet? How much damage could it done to KLSE? "
The answer is NO. Traditionally, the closing (time to cook the books
) is in March every year. The EUR/JPY (euro-yen) has been acting funny for the past wk due to carry-trades unwinding. The USD/JPY & GBP/JPY weren't affected as much though. Things will be back to normal in April.
"How about election? Is the election coming soon so that politics party will push up the price? Again, no body knows... Will PM push the market to 1350 as promised (even despite the global downturn in the stock market)? Again, nobody knows..."
Muahahah! This one is fun! Even Bush himself dare not predict where the mkts will go. PM even gave us the figure of 1350! Wonder wat indicators he's using
. Anyway, our fren Anwar Ibrahim will be able to stand for election earliest April 2008.....so to prevent that from happening, 3 dates for the election have been set. GE will either be held in May 2007 or Nov 2007 or Dec 2007. Pls register as a voter as the deadline is 31st March !!! Not many ppl know about this.....pls alert you colleagues & frens to register at the nearest post office.
"The market has become so hard to anticipate and analyzed"
I nvr trade mkts that are too fundamentally driven. I trade the forex & i only keep away from the mkt 1 - 2 hours prior to an announcement coming out. At all times the price action is already factored into the mkt. TA will do. The forex mkt is too big to be manipulated.
