dolgado-data

Pilihan Saham Fundamental

2008-10-19T18:53:00.001-07:00

Beberap saham saat ini berada di harga diskon dengan target dividen di atas 10%, bahkan ada yang 20%. Bia untk dikoleksi untuk Mid / Long Term

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com
dolgadofund.blogspot.com
dolgado-data.blogspot.com

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DJI Update : 7500 ? HOPE NOT

2008-10-09T01:33:00.001-07:00

DJI Kmarin berhenti di kisaran Fibonaci Retracement 38,2%, Dan sepertinya jika menembus maka akan menuju ke FR 50% di kisaran 7500, mudah2an tidak terjadi....(ini hanya analisa).......

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com
dolgadofund.blogspot.com
dolgado-data.blogspot.com

BEI 12/9/2008

2008-09-11T22:06:00.001-07:00

BEI saat ini tngah berqada di kisaran 17 Month LOW. Dalam waktu 1 minggu BEI telah turun sebanyak 275 Point atau sekitar 13%, Merupakan salah satu penurunan paling dramatis (1 week) dalam sejarah bursa efek kita. Hampir semua saham tumbang, terutama dari sektor mining dipimpin oleh PTBA, ANTM, INCO, serta Sektor CPO dipimpin oleh LSIP dan AALI karena harga minyak yang tidakk kunjung naik memukul sektor komoditas.

Selain dari sektor komoditas, condumer produk juga dipukul mundur UNVR dan INDF. Dari banking, dollar yang semakin menguat membuat banking cukup kerepotan sehingga index finance pun ikut turun, dipimpin oleh BBRI, BBCA dan BMRI. Astra dan anak usahanya juga ikut turun (ASII, ASGR, AALI, AUTO) dan HAMPIR SEMUA saham anjlok hari ini. Saham terkuat yang masih bertaan hanyalah SIPD (Sierad Produce) yang tetap bertahan di Rp. 50 per saham ^_^.

Saat ini memang keadaan sangat sulit dan di luar perkiraan kami. memang telah kami prediksi di : http://dolgado.blogspot.com/2008/09/bei-update_09.html bagian WORSSSTT Case bahwa BEI bisa ke area 1725, namun tidak menyangka akan secepat ini. Bahkan pada saat membuat prediksi di atas kami harap itu hanyalah prediksi semata. Namun kejadian juga.

Untuk trader memang tahun ini adalah tahun yang cukup sulit, namun kami tetap melihat kesmpatan yang besar di depan. untuk itulah tetap kami pertahankan saham - saham yang menjadi pilihan untuk mid/long term : ADMF, UNVR, BBCA, INDF. ASII dan TLKM untunglah sempat di cut loss sebelum turun lebih jauh kemarin - kemarin.

Rekomendasi kami : HOLD untuk saham - saham fundamental yang telah anda pilih dari awal. Tetap tenang sebab bursa efek kita terbukti cukup kuat menahan berbagai gejolak ekonomi, antara lain Reformasi di tahun 1997/1998 serta kenaikan harga BBM yang mencapai 300% di tahun 2005. Sejarah membuktikan, setiap kali suatu kejatuhan berakhi, suatu optimisme tinggi akan melanda, dan kemenangan HANYA BAGI YANG BERTAHAN.

Saat ini rekomendasi kami adalah untk INVESTASI sebab untuk trading, arah pergerakan sangat sulit diprediksi. Pilihlah saham yang manajemennya terbukti KUAT dan INOVATIF dalam menghadapi tantangan jaman yang telah lalu. dan TETAP YAKIN atau PERCAYA pada PILIHAN YANG TELAH ANDA BUAT (Investasi).

Untuk Trader, we have nothing today...

Maybe HOLD for NOW...

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

BEI Very Long Term Support : 1650

2008-09-11T20:43:00.001-07:00

Mudah2an pasukan BEAR tidak berhasil menjebol pertahanan terkhir BEI di 1650..

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

BEI Update

2008-09-11T20:38:00.001-07:00

Well, BAD NEWS is :

LONG TERM SUPPORT HAS BEEN BREAK...

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

Agri Update

2008-09-11T20:37:00.001-07:00

There is 30% Downside risk

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

Euro Update

2008-09-08T04:01:00.001-07:00

Of course, this will make OIL getting lower,
well no one know... just see it tonight... at

dolgado-data.blogspot.com
www.dolgado.com/komo.html
www.dolgado.com/komo-index.html
www.dolgado.com/komo-metal.html

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

Euro Update

2008-09-08T03:59:00.001-07:00

Of course, this will make OIL getting lower,

well no one know... just see it tonight... at

dolgado-data.blogspot.com

www.dolgado.com/komo.html

www.dolgado.com/komo-index.html

www.dolgado.com/komo-metal.html

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

Oil Historical Chart

2008-08-30T04:12:00.001-07:00

The chart above is adjusted with US Inflation

U.S. Oil, Gas Producers, Pipelines Brace for Hurricane Gustav

2008-08-30T04:08:00.001-07:00

U.S. Oil, Gas Producers, Pipelines Brace for Hurricane Gustav

By Margot Habiby

Aug. 30 (Bloomberg) -- Royal Dutch Shell Plc and BP Plc plan to finish shutting oil and gas production platforms in the Gulf of Mexico, and Enbridge Energy Partners LP will close pipelines as Hurricane Gustav gains strength and moves toward the region.

Shell and BP plan to complete the shutdown of the equivalent of 800,000 barrels a day of oil production today. Enbridge said it would halt Gulf gas shipments effective at 9 a.m. local time.

Shell and BP are among oil producers who have idled at least 6.6 percent of oil output in the Gulf of Mexico, according to U.S. government figures as of midday yesterday. Shell plans to halt the equivalent of 510,000 barrels a day of oil and BP said it will stop about 290,000 barrels.

Fields in the Gulf pump 1.3 million barrels a day of oil, about a quarter of U.S. production, and 7.4 billion cubic feet a day of natural gas, 14 percent of the total, government data show. Hurricane Katrina in 2005 closed 95 percent of regional offshore output and, along with Hurricane Rita, idled about 19 percent of U.S. refining capacity.

``We have to wait and see how this storm strengthens but the industry can fare better than it did three years ago,'' Sara Banaszak, senior economist at the American Petroleum Institute, said on Bloomberg Television. Energy companies installed back-up electricity and purchased emergency supplies to avoid the kinds of disruptions caused by Katrina and Rita, she said.

Oil Prices

Crude oil futures in New York fell 13 cents to $115.46 a barrel in New York yesterday on speculation supplies will be adequate to meet demand after the storm passes. Natural gas futures fell 10.7 cents to $7.943 per million British thermal units on the exchange.

When a hurricane hits, it can curtail demand for oil and natural gas by damaging refineries, lowering temperatures, cutting power lines and reducing the need for power generation and closing businesses, said Kyle Cooper, an analyst at IAF Advisors in Houston.

``The question is, where does it hit, and how much demand does it take out when it does that,'' Cooper said.

Energy producers have idled 6.6 percent of oil output and 1.8 percent of natural-gas production in the Gulf because of Gustav, the U.S. Minerals Management Service said yesterday in a statement on its Web site.

Personnel from 17 rigs and six production platforms had been evacuated as of 12:30 p.m. yesterday in Washington, according to the statement. The shutdowns affected about 86,000 barrels of oil and 136 million cubic feet of gas a day.

Storm Forecast

Gustav packed maximum sustained winds of about 75 miles (121 kilometers) per hour at 5 p.m., Miami time yesterday, the National Hurricane Center in said in an advisory. The system was about 100 miles east of Grand Cayman. It could cross western portions of Cuba and enter the southern Gulf of Mexico as early as tonight and become a major hurricane, with winds of at least 111 mph.

Exxon Mobil Corp., the world's biggest oil company, began evacuating non-essential personnel from oil and natural-gas platforms expected to be in the path of the storm. Other companies with operations connected to its platforms have shut in ``minimal'' production, the company said in a statement.

Exxon Mobil hasn't cut output at refineries and chemical plants along the Gulf coast, though it's preparing them to weather the storm, the company said.

Chevron Evacuations

Chevron Corp., the second-largest U.S. energy company, began evacuating essential personnel from oil and natural-gas platforms. Some production has been halted because of the shutdown of pipelines operated by other companies, San Ramon, California-based Chevron said yesterday on its Web site.

Anadarko Petroleum Corp. said it plans a full shutdown of all its drilling rigs and operated facilities by tomorrow. It plans to evacuate all non-essential personnel by today and all of its 600 employees and contractors currently working in the Gulf by tomorrow. It pumps more than 150,000 barrels a day of oil equivalent from the Gulf.

ConocoPhillips said it suspended drilling in southern Louisiana Aug. 28. It expected to complete the evacuation of Magnolia, its only offshore platform in the Gulf, by today. It shut the platform Aug. 28.

Swift Energy Co. planned to halt production from Cote Blanche Island yesterday, and said remaining output will be shut- in by tomorrow if storm conditions dictate, according to a company statement.

Helicopter operator ERA Helicopters LLC said it will complete its evacuations of offshore Rigs and platforms today. It said evacuations for Hess Corp., Noble Corp., Helix Energy Solutions Group and ATP Gas & Oil Corp. were under way.

The Louisiana Offshore Oil Port, the nation's biggest oil import terminal, is preparing to shut its marine operations today, said Barb Hestermann, a spokeswoman for the LOOP, as the port is known. The port will continue to make deliveries by pipeline from storage facilities, she said.

Murphy Oil Corp., Devon Energy Corp., and Apache Corp. were also working on evacuation plans.

To contact the reporter on this story: Margot Habiby in Dallas at

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

Fannie Sells $2 Billion in Debt at Higher Yields (Update1)

2008-08-27T07:42:00.001-07:00

Fannie Sells $2 Billion in Debt at Higher Yields (Update1)

By Jody Shenn

Aug. 27 (Bloomberg) -- Fannie Mae, the largest U.S. mortgage-finance company, sold $2 billion of short-term notes at its highest yields versus benchmark rates in a weekly auction since July 23 to attract buyers.

Fannie Mae sold $1 billion of three-month notes at a yield of 2.58 percent, the Washington-based company said. That's about 89 basis points more than U.S. Treasuries and 23 basis points less than the three-month London interbank offered rate, compared with 76 basis points and 31 basis points in a sale last week.

Rising loan delinquencies and four straight quarterly losses has boosted the relative short-term borrowing costs for Fannie Mae and smaller competitor Freddie Mac. U.S. Treasury Secretary Henry Paulson, who last month was granted the power to inject capital into the government-chartered companies in a bid to restore confidence, hasn't detailed plans for any support, leaving some bond buyers wary.

``The rising spreads clearly show some buyers are backing away from the market, but in general I think money funds continue to buy and hold Fannie and Freddie debt,'' Peter Crane, president of Crane Data LLC, a firm in Westborough, Massachusetts, that tracks money-market funds. ``They assume the short-term money market debt will be safe and covered.''

Fannie Mae also sold $1 billion of six-month debt today at a yield of 2.87 percent, about 93 basis points above Treasury bills and 28 basis points below six-month Libor, compared with 88 basis points and 31 basis points last week. A basis point is 0.01 percentage point. Three-month Libor is currently set at 2.81 percent, while six-month Libor is at 3.12 percent.

No Place to Go

Freddie Mac raised $1 billion of one-month debt today at a yield of 2.28 percent, or 18 basis points more than one-month Libor, according to separate data from the company.

Congress created Fannie Mae and McLean, Virginia-based Freddie Mac to expand homeownership by increasing mortgage financing and to provide market stability. The companies make money by holding mortgage assets and on guarantees of mortgage- backed securities they create out of loans from primary lenders.

Yield spreads on short-term agency debt, the term for notes sold by Fannie, Freddie and the government-chartered Federal Home Loan Banks, have been mostly below historical averages this year, according to data complied by Bloomberg.

``There's no other place to go, now that money funds are out of SIVs,'' Crane said. ``A lot of people are looking at the rise in spreads as a godsend.''

Sales of commercial paper by SIVs, or structured investment vehicles, once an almost $400 billion market, halted in mid-2007 after buyers became concerned that some of the funds invested in bonds tied to subprime mortgages. SIVs use short-term borrowing to buy higher-yielding assets.

Average Rates

Yields on 90-day agency debt have averaged 50 basis points below 3-month Libor, the average rate banks charge each other for loans, compared with 18 basis points in the five years ended June 30, 2007. Since mid-2007, the spread reached as high as 95 basis points on Sept. 13, and as low as 15 basis points on July 23.

Two days ago, Freddie Mac sold $1 billion of three-month notes at a yield of 2.58 percent, or about 90 basis points more than similar-maturity U.S. Treasuries and 23 basis points less than Libor. The spreads from last week's sale were 61 basis points over Treasuries and 32 basis points below Libor.

The company also sold $1 billion of six-month debt at a yield of 2.858 percent, a spread of about 92 basis points above Treasuries and 25.5 basis points below Libor, compared with 80 basis points and 32 basis points last week.

Fannie Mae and Freddie Mac's rising relative borrowing costs have come with spreads on the mortgage-backed securities they invest in also climbing. The option-adjusted spread on fixed-rate home-loan bonds guaranteed by the companies or U.S. agency Ginnie Mae climbed 151 basis points yesterday, from 108 basis points on June 2, according to Lehman Brothers Holdings Inc. data.

To contact the reporter on this story: Jody Shenn in New York at jshenn@bloomberg.net.

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

Asian Stocks Gain, Led by Woodside, China Cosco on Earnings

2008-08-27T00:02:00.005-07:00

Asian Stocks Gain, Led by Woodside, China Cosco on Earnings

By Chen Shiyin

Aug. 27 (Bloomberg) -- Asian stocks gained, led by commodities producers and shipping companies, after Woodside Petroleum Ltd.'s earnings beat estimates and China Cosco Holdings Co. and Jiangxi Copper Co. said profit climbed.

Woodside, Australia's No. 2 oil and gas producer, jumped 3.9 percent as a new project and higher prices boosted profit. China Cosco, Asia's largest shipping company by market value, climbed 2.3 percent in Hong Kong after surging Chinese demand for raw materials helped net income more than double. Jiangxi Copper Co., China's biggest smelter of the metal, rose 2.8 percent.

``We're positive on commodities companies in the longer term as emerging-market usage of raw materials continue to grow,'' said Michael Foo, Singapore-based head of Asian portfolio management at Clariden Leu AG, which manages the equivalent of $126 billion in assets globally. ``Still, we remain cautious as a slowing economy is going to have a negative impact on earnings in the next few months.''

The MSCI Asia-Pacific Index gained 0.5 percent to 123.01 as of 2:15 p.m. in Tokyo, rebounding from a loss of as much as 0.2 percent. The regional measure has dropped 22 percent this year as the world's largest financial companies posted writedowns and credit losses of more than $500 billion, and inflation soared.

Japan's Nikkei 225 Stock Average slipped 0.2 percent to 12,752.88, paced by Mitsubishi Estate Co., after rival developer Sohken Homes Co. filed for bankruptcy. About half the region's stock indexes gained.

Ratings Downgrade

Macquarie Group Ltd. dropped to the lowest in almost four years as UBS AG downgraded Australia's biggest securities firm, saying the operating environment remains ``difficult.'' Hyundai Heavy Industries Co., the world's No. 1 shipbuilder, slumped after saying it plans to bid for a stake in Daewoo Shipbuilding & Marine Engineering Co.

U.S. stocks advanced yesterday, rebounding from the biggest drop in a month. Fannie Mae and Freddie Mac, the largest U.S. mortgage-finance companies, jumped after Citigroup Inc. analysts said the companies have enough capital to last the year. Futures for the Standard & Poor's 500 Index rose 0.1 percent today.

Woodside gained A$2.18 to A$58.68, set for its highest close since July 16. The company posted first-half profit of A$1.02 billion ($874 million) on record prices, topping the median forecast of A$939.3 million in a Bloomberg survey of analysts.

The shares also gained after crude oil for October delivery rose 1 percent to $116.27 a barrel in New York yesterday on forecasts showing that Hurricane Gustav may enter the Gulf of Mexico, home to more than a fifth of U.S. oil production. Futures were at $116.91 today.

Oil Producers

Inpex Holdings Inc., Japan's largest oil explorer, added 1.2 percent to 1.141 million yen. PetroChina Co., China's biggest explorer, climbed 2.2 percent to HK$10.18 in Hong Kong.

Cnooc Ltd., China's No. 1 offshore oil company, rose 3.2 percent to HK$11.56 in Hong Kong. The company may say today first-half net income rose 52 percent to 22.1 billion yuan ($3.2 billion), according to the median estimate of five analysts surveyed by Bloomberg.

China Cosco climbed 34 cents to HK$14.92 in Hong Kong. Net income rose to 15.1 billion yuan ($2.2 billion) in the first half from 7.2 billion yuan a year earlier, the shipping line said.

Jiangxi Copper rose 2.8 percent to HK$11.86, poised for its highest close since Aug. 7. First-half profit rose 32 percent to 2.77 billion yuan ($404 million) because of a surge in byproduct prices, the company said.

Sime Darby Bhd., Malaysia's No. 1 palm-oil producer, gained 2.3 percent to 6.60 ringgit after saying fourth-quarter profit climbed 60 percent amid a jump in the price of the commodity.

Property Revaluations

Macquarie plunged 8.9 percent to A$41.95, on course for its lowest close since November 2004, after UBS cut its rating to ``neutral'' from ``buy,'' saying that slower stock and commodities trading and fewer investment bank deals will hurt earnings. The company also has ``less capital flexibility'' amid the global credit crunch, UBS said.

Also in Sydney, GPT Group dropped 2.7 percent to A$1.655 after reporting a first-half loss on writedowns to property and goodwill. The Australian real estate investment trust may sell as much as A$4.4 billion ($3.8 billion) of assets, GPT said today.

``People are expecting another reasonably large round of write-offs to come out of the investment banks,'' said Angus Gluskie, who helps oversee $500 million at White Funds Management in Sydney. ``It's been a weak time for the property market. We're expecting to see continued downward revaluations on property assets over upcoming periods.''

Mitsubishi Estate, Japan's second-biggest property developer, dropped 1.9 percent to 2,380 yen. Sumitomo Realty & Development Co., the third-largest, fell 1.9 percent to 2,380 yen.

Sohken Bankruptcy

The deteriorating Japanese property market and difficulty refinancing debt have been exacerbated by failures of other developers, Sohken said yesterday after markets shut. The company filed for court protection from creditors with liabilities of 33.9 billion yen ($309 million).

Bankruptcies among Japanese property companies more than doubled to 60 in July from a year earlier, according to Tokyo Shoko Research Ltd.

In South Korea, Hyundai Heavy dropped 3.1 percent to 236,500 won after the world's largest shipbuilder said it plans to bid for a controlling stake in Daewoo Shipbuilding & Marine Engineering Co. It's competing with Posco, GS Group and Hanwha Group to acquire a 50.4 percent holding being sold by state-run Korea Development Bank and Korea Asset Management Corp.

``We question Hyundai Heavy's rationale in buying another shipbuilder at this point in the cycle amid its own capacity expansion,'' Sanjeev Rana, an analyst at Merrill Lynch & Co., wrote in a report today. Hyundai Heavy's bid ``is likely to intensify the bidding war,'' said Rana, who rates the shipbuilder's stock ``underperform.''

Daewoo Shipbuilding, the world's third-largest maker of ships, rose 2 percent to 35,400 won.

To contact the reporter for this story: Chen Shiyin in Singapore at schen37@bloomberg.net

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

Dollar Falls on Speculation Reports to Show Flagging Spending : Bloomberg

2008-08-27T00:02:00.003-07:00

Dollar Falls on Speculation Reports to Show Flagging Spending

By Stanley White

Aug. 27 (Bloomberg) -- The dollar fell from a six-month high against the euro and dropped versus the yen on speculation weakening U.S. business and consumer spending will delay a Federal Reserve interest-rate increase.

The greenback retreated from a two-year high against the British pound as economists forecast U.S. data this week will show declines in durable goods orders and slowing consumption. The Australian dollar rebounded from an 11-month low as rising Asian stocks gave investors confidence to buy higher-yielding assets overseas.

``The U.S. economy can still be expected to experience more pain, and for longer, than the rest of the world,'' Clifford Bennett, chief economist at Sonray Capital Markets Ltd. in Sydney, wrote in a client note today. ``An extremely sharp reversal to the downside in the dollar is likely in coming weeks, and perhaps even days.''

The dollar declined to $1.4719 per euro at 6 a.m. in London from $1.4653 in New York yesterday, when it touched $1.4571, the strongest since Feb. 14. The dollar fell to 108.97 yen from 109.60. The euro was at 160.42 yen from 160.64 yesterday. The dollar slid to $1.8469 versus the pound from $1.8400. It rose yesterday to $1.8331, its highest since July 2006.

The dollar may weaken to $1.57 per euro by year-end, Bennett said. The U.S. currency rallied yesterday after German business confidence declined this month to the lowest level in three years and the minutes of the Fed's last meeting showed that while policy makers agreed that their next move will be a rate rise they didn't indicate the timing.

Higher-Yielding Currencies

The Australian dollar bought 85.96 U.S. cents from 85.15 cents late yesterday in Asia, when it fell to 84.94, the lowest since Sept. 20. It gained to 93.70 yen from 93.54 yesterday as MSCI's Asia Pacific Index of regional shares rose 0.7 percent, encouraging so-called carry trades.

In carry trades, investors get funds in a country with low borrowing costs and invest in one with higher interest rates, earning the spread between the rates. The risk is that currency market moves can erase those profits.

Australia's benchmark interest rate is 7.25 percent, compared with 0.5 percent in Japan.

Futures on the Chicago Board of Trade show a 22 percent chance that the Fed will increase its 2 percent target rate for overnight lending between banks by at least a quarter-percentage point at a Dec. 16 meeting, compared with 70 percent odds a month ago. Policy makers next meet Sept. 16

Durable Goods Orders

Bookings for U.S. goods made to last several years were unchanged in July, compared with a gain of 0.8 percent in June, according to a Bloomberg News survey of economists before a Commerce Department report at 8:30 a.m. today in Washington. A separate report on Aug. 29 may show personal spending rose 0.2 percent, less than half the 0.6 percent gain in June, according to a separate survey.

``The prospects for the U.S. economy are still poor and it will continue to slow,'' said Katie Dean, a senior economist at Australia & New Zealand Banking Group Ltd. in Melbourne. ``There's not a lot of reasons to own dollars.''

Gains in the euro may be limited by speculation German inflation slowed this month, reducing pressure on the European Central Bank to raise borrowing costs.

Germany's consumer prices rose 3.4 percent in August from a year earlier after a 3.5 percent increase in the previous month, according to a Bloomberg News survey. The report from the Federal Statistics Office is due today.

ECB Rates

The implied yield on the Euribor futures contract expiring in September 2009 fell 6 basis points, or 0.06 percentage point, to 4.32 percent. The yield averaged 18 basis points above the ECB's benchmark, currently 4.25 percent, from 1999 to August 2007.

``The euro is mired in a mid-term downtrend,'' said Masanobu Ishikawa, general manager of foreign exchange at Tokyo Forex & Ueda Harlow Ltd., Japan's largest currency broker. ``Slowing inflation is yet another reason why we can't expect the ECB to raise rates. Traders will continue to push the euro lower.''

The euro may fall to $1.4570 and 159.90 yen today, he said.

The 15-nation euro was headed for a 5.8 percent decline versus the dollar this month, its biggest monthly drop since its 1999 debut. It has fallen 4.6 percent versus the yen in August, the most since a 5.8 percent drop in March 2004, as a report showed the European economy contracted last quarter.

The dollar's declines against the euro, the yen and the pound accelerated on signs the Dollar Index is forming a double top on its chart, said Toru Tokoyoda, head of foreign-exchange sales in Tokyo at Lehman Brothers Holdings Inc.

Double Top

A double top is when a security makes two successive peaks and often indicates the reversal of a trend. The distance between the peaks and the lowest point of the double top may indicate the next support level a security will fall to.

The ICE futures exchange's Dollar Index, which compares the greenback against the currencies of six U.S. trading partners, was last at 76.880 from 77.251 yesterday. It rose to 77.413 on Aug. 19, fell to 76.022 on Aug. 21 and then rose yesterday to a second peak at 77.619.

``The double top in the Dollar Index was a catalyst to push the dollar lower,'' Tokoyoda said. ``Some players are taking their cue from this chart formation.''

The dollar may fall to $1.4750 versus the euro today, he forecast.

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

Dollar Falls on Speculation Reports to Show Flagging Spending : Bloomberg

2008-08-27T00:02:00.001-07:00

Dollar Falls on Speculation Reports to Show Flagging Spending

By Stanley White

Higher-Yielding Currencies

Australia's benchmark interest rate is 7.25 percent, compared with 0.5 percent in Japan.

Durable Goods Orders

Gains in the euro may be limited by speculation German inflation slowed this month, reducing pressure on the European Central Bank to raise borrowing costs.

ECB Rates

The euro may fall to $1.4570 and 159.90 yen today, he said.

Double Top

``The double top in the Dollar Index was a catalyst to push the dollar lower,'' Tokoyoda said. ``Some players are taking their cue from this chart formation.''

The dollar may fall to $1.4750 versus the euro today, he forecast.

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Dolgado
The Indonesia Stock Exchange Consultant
dolgado.blogspot.com

Dolgado Data

2008-08-26T22:43:00.000-07:00

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