A divided Bank of Japan cut interest rates for the first time in seven years on Friday, under government pressure to join the global response to the worst financial crisis in 80 years.

On the vote of the governor after a 4-4 split on the policy board, the central bank trimmed its key interest rate to 0.3 percent from a decade-high 0.5 percent, despite knowing the reduction would have little economic impact as Japan feels the pain from the financial crisis.

The central bank also cut its economic outlook saying the strains in global markets had increased and the world economy faced severe conditions for some time.

The markets had widely expected a cut to 0.25 percent and Yuji Saito, head of fx sales at Societe Generale in Tokyo, said the split decision and smaller cut may send the wrong signal.

"Today's decision may give an impression to foreign investors that the Bank of Japan will not be able to manage rate decision flexibly," he said.

In a sign of political pressure on the central bank to move, Finance Minister Shoichi Nakagawa said earlier on Friday the BOJ must work closely with the government.

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GU (H1)

wow...Analisis 26 Oktober menepati ramalan. so sekarang ada kemungkinan gu sudah berada di wave C/iii setelah corrective wave B sudah complete. untuk sesiapo yg nak swing tu..bleh le hold sell post tu dan target di area 1.5812, SL kat 1.6672. wahlaualam....

Profit : 60 pip
Loss : 0 pip

Status : WIN!

p/s: alhamdulillah...xberani nak trade seperti biaso coz ado floating...keke...bercampur dengan correction mode, mungkin gak perubahan trend.wahlaualam....

Profit : 249 pip
Loss : 0 pip

Status : WIN!

p/s: alhamdulillah...

Next week is expected to mark the beginning of the US economy’s entry into a recession and the end of the Federal Reserve’s conventional monetary policy to remedy the situation.

On Wednesday, the Fed’s FOMC is widely expected to cut the key federal funds rate another half point, to one percent, in what what many assume will be the end of its aggressive easing campaign.

Then on Thursday, GDP data for the third quarter is expected to show the US economy contracted for the first time in seven years, ending months of speculation that the economy had managed to skirt recession, despite a one-of-kind credit crunch.

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© 2008 CNBC.com

GU (H1)

correction/retrace ni sekadar ramalan sahaja. downtrend still lg strong dimana kat 4 hours, daily & weekly price masih lg di bawah dan selari dengan alligator dan AO pun masih menunjukan momentum utk drop masih ado. walaubagaima pun dalam chaos, correction ini berdasarkan BDB (Bullish Divergence Bar) telah terbentuk di m30 hingga ke daily. BDB ni masih belum boleh di sahkan keberkesanannya di mana angulationnya kurang menyakinkan dan kebanyakananya price masih lagi selari (paraller) dengan alligator. dari segi ew plak...5 subwave telah terbentuk dan berkemungkinan untuk corrective wave, B tu ado...seperti gambar kat atas.

p/s: pandangan/komen otai2 chaos dialu-alukan, aku masih lg newbie :D

EU (H1)

kat eu plak...dah panjang lebor kat gu, eu ni aku singkatkan aje le...kalo nak buy..tunggu price 1.2750 ...kalo eu drop dan break low 1.2494..baru best nak swing sell lagi....apo2pun trend still lg DOWNTREND

Strategi : BUY Now!
Target 1 : 1.2918
Target 2 : 1.3133
Stop Loss : 1.2495

update : SL Hit!!

Profit : 180 pip
Loss : 0 pip

Status : WIN!

p/s: alhamdulillah. walaupun bz still dpt trade gak skit..keke. market memang cantik. wave (v) dah menunjukan dirinya....dropiiinn'