Monday, November 9, 2009

Indonesia's finance minister

Indonesia's finance minister Sri Mulyani Indrawati arrives at the Fairmont Hotel, in St Andrews to attend a G20 Finance Ministers and Bank Governors Meeting.
She also said the country could issue a euro bond soon to take advantage of strong demand for emerging market assets. Asked if the government planned to return to international capital markets before the end of 2009, Sri Mulyani said, “Yes, I think so. The financing environment is quite dynamic for us.”
The Indonesian rupiah has gained 16 percent this year, nearly twice as much as the South Korean won, the second-best performer among Asia’s 10 most-traded currencies.
The Dow on Monday 09/11/09 is 9 market days to Index Futures Expiry.
The Nikkei Index Futures is 4 market days to expiry.

9:30am:--A 100.0 points bullish open.
10:30am:--First hour high slight pullback.
11:30am:--Another high also with pullback.
12:30noon:--Consolidation at near morning session high.
1:30pm:--A spike up open for second session of the day.
2:30pm:--Aggressive bulls another high.
3:30pm:--A pullback.
4:00pm:--Ending the day with a bullish closing.
The bulls are aggressively pushing forward its offensive and has covered 515.0 points since the opening while the bears cornered a mere 65.67 points and has thus conceded the race.
News that members of the G-20 and Treasury Secretary Geithner maintain the view that economic stimulus should not yet be withdrawn led to heavy selling against the U.S. dollar and drove the Dollar Index back to 2009 lows.