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myregister
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Price of Cocoa futures at the end of trading on Thursday morning (23/02) closed down slightly. The weakening of cocoa prices triggered an increase in supply in West Africa. Ivory Coast anticipating near record production of between 1.9 and 2.0 million tonnes. Ghana now expects production of close to 800,000 tonnes. Many cocoa available on the world market, but demand has fallen and needs to be rebuilt. Problems in West Africa for the latest default of the local industry has been pressuring prices even more, and now some of the cocoa is being left to rot on trees or in storage. Analysts in this case estimated that Cocoa futures for the next session would potentially weaken further limited by the strengthening US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 1,950 dollar.
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The bearish momentum of US Dollar become the foundation for Pound to keep rising on Asia sessio after a strong rebound in the previous trading the GBPUSD pair. This week the pair moves mixed with a potential rebound on a weekly basis after two weeks previously experienced a selling pressure. Previously pound managed to rise high in the middle of the lack of sentiment driver of UK economic data and strong against the pressure of US economic data releases were steady from the US data release building permits and the Phily Fed Manufacturing which rose above expectations. For the next trade until the close of trading ending the American session tomorrow morning, analysts estimated that GBPUSD seems to have chance to continue to rise if the release of retail sales data in the European session is appropriate or above expectations.
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The price of tin in Malaysia Stock Exchange fell in trading Friday (17/02). Falling prices depressed weakness on Wall Street. US stocks closed mixed with mostly lower in late trade on Friday morning (17/02) hampered by profit-taking after the main index to a record rise bukukan five consecutive days, while the energy sector fell 1 percent. The price of tin in Malaysia commodity exchanges ended down today. The industrial metals prices traded at 19,750 dollars per ton, the dollar dropped by 180 dollars or 0.9 percent from its previous close at 19,930. Analysts estimated that Tin's future price for the next session will have chance to fall down especially if US dollar rose because of the good data it has.. Price will face the support level at around 19,550 dollars and 19,350 dollars.
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Crude oil prices edged higher in trading on Friday (17/02) in the Asian session, lifted by reports that the producer group OPEC may extend production cuts aimed at curbing global fuel oversupply. US crude oil futures price of West Texas Intermediate (WTI) rose 8 cents, or 0.15 percent, to $ 53.44 per barrel. Brent crude futures traded at $ 55.77 a barrel, up 12 cents, or 0.22 percent of their final closure. Organization of Petroleum Exporting Countries (OPEC) and other producers including Russia plans to cut production by nearly 1.8 million barrels per day (bpd) during the first half of 2017, and estimates show the OPEC compliance was around 90 percent. To help balance the market, OPEC source told Reuters that the supply reduction pact may be extended if all the major manufacturers showed "effective cooperation". Analysts estimated that for the next session the price of Crude Oil is projected to rise since because optimism of the production continuation cuts. Crude oil prices potentially move in the resistance range between $ 54.00- $ 54.50.
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The movement of USDJPY on early European session (13:30:15 GMT) weakened after opening price was lower at around 114.13 on early Asia session, and now the pair is still at 113.42 and seek to achieve strong support. Generally, it seems that USDJPY will fall down towards the range of 112.90-112.61 if the pair rebounds, it may reach the range of 113.70 - 114.29. Until the end of NY session, many analysts predicted USDJPY will have the support at 112.36 and the resistance level at 114.34.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
Entering EU session it seems that USD experienced a selling pressure for a second consecutive days, continued on Asia session reversed course amid lack of sentiment forex market mover of economic data releases. Market interest back against the dollar after European stock exchanges do not provide benefits aka red zone. However, the demand for dollars is still limited and the currency index position is still in the lowest range within 1 week. This week the movement of the US dollar is very mixed and moving exhibited significantly. Janet Yellen hawkish comments this week managed to lift the dollar to a peak height 1 month The lack of catalysts driving the pace of the US dollar today made the key global currency is grounded in the fundamental weakness of his rivals. And the drop in European stock markets provide a safe haven sentiment on forex trading and this time the dollar took a share in addition to the Japanese yen. The dollar index which shows the strength of the US dollar seems to be bullish in the middle of the European session. The price is rising at 100.57 after the index opened on Asia session at around 100.4 -
The price of sugar futures ended down exposed to currency weakening Brazilian Real. Brazilian Real currency weakened in late trading yesterday, the pair of USDBRL rose by around 1.02 percent at 3.0874. The weakening of the Brazilian Real continues to lead forward sales by the Brazilian sugar mills to take advantage of better real-time pricing. At the close of trading early this morning the price of sugar futures for the most active contract observed decline. The price of sugar futures descended by 0.59 percent at 20.36 cents per pound. Analysts predicted that the price movement of raw sugar futures in New York at the next trade will weaken limited by the strengthening US dollar which triggered by bargain hunting. Prices of raw sugar futures on ICE Futures US has the potential to test the support level at 19.90 cents.
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The price of arabica coffee futures on ICE Futures exchange New York at the close of trade on Friday morning (17/02) finished up. Arabica coffee price increases supported by the weakening of the US Dollar. The US dollar fell to its lowest in five days by going to the market doubts the certainty of a rate hike planned US Fed three times in 2017. Prices for arabica coffee futures closed up at 1.4840 dollars, up by 1, 45 cents, equivalent to 0.99 percent. Analysts estimated Coffee futures on ICE Futures US in New York potentially bearish with the strengthening US dollar. The price on ICE Futures US in New York seems has the potential to test support level at 1.4500 dollars and 1.4200 dollars.
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Gold price movements based on the European session was trimmed after the price of Gold opened actually higher at around 1239.21 in early trading (0000 GMT), the gold price is now rolling at 1237.96. Technically, gold prices can only rise towards the resistance at 1241.70 up to 1244.77. So it seems that analysts expected that Gold price for this day's sessions will have the normal range around support level at 1226.06 and resistance level at 1248.52.
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The price of CPO is tracked down in trading Friday afternoon (17/02). Drop in CPO prices this afternoon seems triggered by the weakening soybean oil prices on US exchanges and Dalian. Soybean oil (Soybean Oil) on the Chicago Board Of Trade fell 0.62 percent. While the price of soybean oil (Soybean Oil) in exchange Dalian Commodity Exchange fell -0.09 percent. CPO price most active contract seems weakened today. The contract depreciated by -1.3 percent and traded at 2,892 ringgit per tonne. Analysts estimated CPO futures for the next trading session will weaken. However, it should be observed that the increase in crude oil prices if it continues to lift prices. CPO futures contract prices has the potential to test the support level at 2,840 ringgit and 2,790 ringgit.
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Price of cocoa futures continue strengthening in late trade on Friday morning (17/02). Strengthening cocoa prices supported by investor's short covering. Cocoa futures contract touched its lowest point since October 2008 this week, on selling related to a wave of defaults in top producer Ivory Coast. Short covering also helped by the weakening US dollar. The US dollar fell to its lowest in five days by going to the market doubts the certainty of a rate hike planned US Fed three times in 2017. Cocoa futures price observed to closed uder bullish sentiment. The rice rise by 2.77 percent at 2,042 dollars per ton. Analysts predicted that the price of cocoa futures to hereinafter potentially weaker trade with the strengthening US dollar triggered bargain hunting. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 1,990 dollar.
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In late trading Friday morning (17/02), the price of coal closed up triggered by the weakening US dollar. The US dollar fell to its lowest in five days by going to the market doubts the certainty of a rate hike planned US Fed three times in 2017. The weakening US dollar makes the price of coal sold cheaper, so the demand is increasing. Coal price for the most active contract is a contract in March 2017 ended up at 77.10 dollars per ton. Commodity prices increased by 1.05 percent compared to the previous closing. Analysts predicted that the price movement of coal futures for next session potentially weak with the strengthening US dollar triggered by bargain hunting. The price of coal futures potentially test support level at 76.60 dollars.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Australian Dollars exchange rate seems to consolidate against US Dollar, the price earlier opening flat with slight indicati. Price opened at 0.7694 in early trading. And now the exchange rate of Aussie against USD is still rolling at 0.7708. Technically AUDUSD attempted to climb back towards 0.7720 up to 0.7732. For the movement today many analysts suggested that the normal range of AUDUSD is estimated to have support level at 0.7635 and the resistance level at 0.7771. -
Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Natural rubber prices this friday afternoon seems to moving down. The weakening of rubber prices show bearish sentiment because triggered a selloff in Thailand and weakening of rubber prices in Shanghai. Weakening Rubber prices triggered a selloff in Thailand. It is estimated that Rubber to have sold 96,000 tons of the commodity in the auction held on Tuesday, an official in the rubber authorities told Reuters on Wednesday, adding it will hold another auction for 125,000 tons in March. Likewise, the price of rubber on the Shanghai bourse declined. The most active rubber contract on the Shanghai futures exchange for May delivery extended losses in afternoon trade, to finish at 20,320 yuan per ton. In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchanges dropped by -18.7 yen or -5.9 percent to 297.5 yen per kilogram, down from its previous close at 316,2 yen per kilogram. Analysts predicted that the price movement of Rubber on next session is potentially affected by the weakening of the pressure of natural rubber prices Shanghai and sentiments of Thailand. Commodity prices will test the support level at 292.50 yen and 287.50 yen -
Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Natural rubber prices on Thursday afternoon (16/02) ended down. The weakening of rubber prices triggered by Yen. The strengthening observed where USDJPY pair fell about 0.2 percent rate at 113.94. The increase in the exchange rate of the Japanese yen makes commodities traded in the currency is becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined. In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract in July 2017 ended lower by 1.1 percent to 316.2 yen per kilogram. Analysts estimated that Rubber futures price movement for the next session is potentially affected by the natural pressure of the strengthening Japanese yen. Commodity prices Tocom rubber futures exchange will test the resistance level at 321.00 yen and 326.00 yen. -
The price of arabica coffee futures on ICE Futures exchange finished up. Arabica coffee price increases supported by the weakening of the US Dollar. The weakening US dollar makes the price of arabica coffee cheaper, so the demand is increasing. Arabica coffee futures prices for the most-active contract closed up at 1.4695 dollars, up 0.69 percent.Tonight will be released housing data indicated mixed. Jobless claims data also indicated increased. If realized, it will weaken the US dollar. Analyst estimates that the price movements of Arabica coffee futures is projected to rise by US dollar weakness. The price of Arabica coffee futures on ICE Futures US in New York has the potential to test the resistance level at 1.5000 dollar and 1.5300 dollar.
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Gold price movements on Europe session were higher after the price opened lower at around 1233.21 in early trading (0000 GMT), the gold price is now rolling at 1237.81. Technically, Gold price is rising up towards the resistance range between 1240.79-1242.68, but if it is failed and get negative correction then the pair's price will fall down towards the support at 1230.31. So analysts recommend that Gold price for this session is expected to have the support level at 1213.29 and resistance level at 1247.33.
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The price of sugar futures on ICE Futures US in New York, Thursday morning (16/02) closed with bullish sentiment which triggered by an increase in demand of Myanmar and India. The dealer said sugar has been driven by the power of white sugar, white recorded a premium has increased significantly in the last few days. Factors that support included talks on the request of Myanmar, seen as the entrance to the Chinese, and the prospect of Indian imports in the upcoming season. Tonight will be released housing data indicated mixed. Jobless claims data also indicated increased. If realized, it will weaken the US dollar. Analysts predicted that the price movement of raw sugar futures in New York for the next trade is projected to rise by US dollar weakness. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the resistance level at 21.00 cents and 21.50 cents.
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The price of tin on Malaysia Stock Exchange rose. The increase in the price of tin supported by dollar weakness last night. The US dollar plunged from the highest peak of the month by profit-taking after the market made previously lifted by hawkish statements Janet Yellen. The weakening US dollar makes the price of tin is sold in US dollars become cheaper, so the demand is increasing. The price of tin in Malaysia traded at 19,930 dollars per ton, a rise for about 0.5 percent from its previous close at 19,830. Tonight will be released housing data indicated mixed. Jobless claims data also indicated increased. If realized, it will weaken the US dollar, so analysts predicted that the price for the next session has limited potential to strengthening its position becuase of this weakening US dollar. Price will face the resistance level at 20,100 dollars and 20,300 dollars.
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The price of CPO tracked down on Thursday afternoon (16/02). CPO prices fell this afternoon following the weakening of the US soybean prices. Soybean prices on the Chicago Board of Trade March fell by 0.1 percent to $ 10.43 to 1/4 per bushel after touching the lowest since 8th February at $ 10.42 to 1/2 per bushel on Tuesday CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price in May 2017 which is the most active contract ringgit depreciated by -0.6 percent and traded at 2,949 ringgit per tonne. Analysts predicted that the price movement of CPO futures at the next trade will examine the movement of crude oil prices and Ringgit. CPO futures contract prices has the potential to test the support level at 2,900 ringgit and 2,850 ringgit.
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The price of tin in Malaysia stock rose on Wednesday (15/02) which unchanged. Stable movement of tin prices triggered by the pull of strengthening sentiment Wall Street face of the strengthening dollar AS. The increment of Wall Street often amplifies the price of tin, because it gives a positive sentiment in global demand. But the rise in the US dollar after the hawkish speech Janet Yellen certainly gives the bearish sentiment which lowered the price of tin. Tin on the commodity exchanges Malaysia unchanged today. The industrial metals prices traded at 19 830 dollars per ton, the same as the previous closing on 19.830. Analysts estimated that Malaysian tin price movements at the next trade will weaken limited by the strengthening US dollar. Price will face the resistance level at 20,000 dollars and 20,200 dollars
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The price of CPO in Malaysia ended the commodity exchanges rose on Wednesday evening (15/02). CPO price hike triggered by a decrease in inventories and Malaysian CPO production. Malaysian CPO inventories in January fell around 7.5% m-o-m after rising for the past four months. Compared with January 2016, it fell by 33.3% while exports increased production dipped. CPO production also experienced a greater decline, fall down by 13.4% m-o-m. fell in the fourth consecutive session. Both Peninsular Malaysia and East Malaysia declined by 18.2% and 8.1% respectively. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. April 2017 contract price which is the most active contract rose as much as 0.7 percent and traded at 3,067 ringgit per tonne. CPO futures contract prices on commodity exchanges April 2017 Malaysia has the potential to test the resistance level at 3,120 ringgit and 3,170 ringgit. While the level of support that will be tested if prices decline is between 3,020 ringgit and 2,970 ringgit.
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Sure friend, it is a good tools only if someone also able to use it wisely. Each indicators have their own way, some may need the other indicators while the others are just totally independent, just like Parabolic SAR where the price is below of it then the signal or indication is bearish. Some even pretty much complex such as Fibonacci Retracment.
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What’s your hidden reason for becoming a trader?
myregister replied to analyst75's topic in Forex Articles
What's wrong with money as my motivation to trade? That is nothing to hide just like sininfinity. I love being forex even as semi part time job for me. I can earn from here and want my job like this. Well, not a stress free but i can spend anything just at home, i don't have to go here and there, stuck at traffic jam and so on with the lists. No hidden reason here, my reason is clear as crystal.