myregister

Gold prices slipped at the end of trading on Tuesday morning (14/02) stressed by the strengthening of US dollar and Wall Street, but the political and economic uncertainty in the United States and in Europe because of the elections are expected to continue to provide support for the precious metal. LLG Spot gold prices fell 0.64 percent at $ 1,226.09 per ounce, down from a three-month high last week of $ 1,244,67. US gold futures dropped $ 10.10 to end at $ 1,225.80. The strong demand for gold can be viewed at the COMEX, where speculators raised their bullish bets in gold to the highest level in two months in the week to February 7, the data the US Commodity Futures Trading Commission showed on Friday. Many analysts estimated that the price of gold may rise triggered political uncertainty in Europe. Gold prices are expected to move inside the resistance range between $ 1.228 - $ 1.230

ICE Futures price of cocoa futures at the end of trading on Tuesday morning (14/02) was closed down. The weakening of cocoa prices triggered a stronger dollar and the availability of supplies. The US dollar rose to a near three-week high against a basket of currencies on Monday, lifted by hopes of US tax cuts to stoke corporate profits and investment, as well as forecast the Federal Reserve will raise interest rates more quickly. A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases. The decline in prices was also triggered by the prospect of increasing production. Uniform rainfall last week in most of the main cocoa growing regions in Ivory Coast mid-crop is expected to increase next, despite the hot weather elsewhere raised fears of fire. Analysts estimated that the price of cocoa futures to trade would potentially weaken further limited by the strengthening US dollar. For the next trading price of cocoa futures has the potential to penetrate the support level at 1,875 dollars.

Sugar futures prices on ICE plunged in late trading on early Wednesday (14/02). The commodity prices have weakened depressed strengthening US dollar and weaker crude oil prices. US dollar rose to a near three-week high against a basket of currencies on Monday, lifted by hopes of US tax cuts to stoke corporate profits and investment, as well as forecast the Federal Reserve will raise interest rates more quickly. Traders anticipate that lower oil prices would trigger a cane producers prefer to convert sugar cane into sugar than ethanol, so that the production of sugar increased and further depress sugar prices. At the close of trading early this morning the price of sugar futures for the most active contract is a contract in March 2017 was observed to degenerate. The most active price of sugar futures were closed down by 0.42 cent, or the equivalent of 2.06 percent at 20.00 cents per pound. Analysts estimated that the price of sugar futures to trade potentially weakening further limited by the strengthening of US dollar. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the support level at 19.50 cents and 19.00 cents.

At the end of trading on Tuesday morning (14/02), Rotterdam ended weaker coal prices depressed by crude oil prices declining. With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in March 2017 slumped towards 74.60 dollars per ton. Commodity prices decreased by -2.40 dollars, equivalent to -3.12 percent compared to the previous closing. Tonight will be observed speech the Fed chairman Janet Yellen is expected to provide a positive sentiment for the US economy, which will be able to strengthen the US dollar. Analysts estimated that Coal futures for the next session may fall down because of the strengthening US dollar after Yellen's speech tonight. The price of coal futures could potentially test the resistance level at 74.10 dollars and next at 73.60 dollars.

On Asia session it seems that Crude oil prices rose, and supported by the efforts of OPEC to cut production, but the increase in production elsewhere continued to depress prices. US crude oil futures price of West Texas Intermediate (WTI) rose about 1 cent towards $ 52.94 per barrel. Brent crude futures, the international benchmark for oil prices, trading at $ 55.60 per barrel, up 1 cent or 0.02 per cent of their final closure. Profits following a fall of 2-percent in the previous session. Both benchmark oil remains in a trading range of $ 5 per barrel since the beginning of the year. OPEC and other producers including Russia has agreed to cut production by nearly 1.8 million barrels per day (bpd) during the first half of 2017 in an effort to control the excess global fuel supply. But these efforts have been undermined by rising production in the United States, where an increase in drilling activity mainly by shale oil producers have raised the overall production to 8.98 million barrels per day, up 6.5 percent since the middle of 2016 and to its highest level since April then. Traders also pointed out that even the OPEC compliance of 90 percent, and a lower level of non-OPEC members, manufacturers must accelerate their decline in the coming months to achieve the target average daily deal reduction for the first half of this year.

Pound exchange rate movements on Asia session moves positively against the US dollar after the price's opening higher at 1.2487 in early trading, the exchange rate is now rolling at 1.2499 pounds. British Pound on Asia session trying to rebound after last week pressured by the US dollar's bullish momentum, ignoring the negative sentiment from the British government negotiations with the EU is still not solid. Technically GBPUSD attempted to climb to the resistance range between 1.2514 -1.2551. In this case it seems that many analysts argued that the normal range of GBPUSD is estimated to have the support level at 1.2354 pounds and the resistance level at 1.2586 pounds.

Euro exchange rate movements on Asia trading session consolidated against the US dollar after the price opening lower at 1.0626 in early trading, and Euro exchange rate is now rolling at 1.0620. The movement of EURUSD pair in the end of Asia session remained pressured by a surge in political risk sentiment that occurred in several major European countries such as France, Italy, the Netherlands and Greece. Furthermore, President Mario Draghi withdraw from defending the ECB has been criticized by US President Donald Trump some time ago. Technically, EURUSD moving down towards the support range between 1.060 - 1.0570, and in case of a positive correction, the pair may rise towards the range of 1.0655-1.0665. Many analysts think that EURUSD for the next session is estimated to have support level at 1.0541 and the resistance level at 1.0708.

Gold price movements on Asian session (09:00:35 GMT) was dropped after it opened lower at 1230.20 in early trading (0000 GMT), the gold price is now rolling at 1230.29. The price of gold early Asian session still show negative movement by the US dollar bullish momentum by higher US bond yields from 2.32% to 2.43% for 10-year tenor bonds. In addition, the strength of the stock market trading on Asia puts a burden on the gold price. But technically the gold price is being tried to climb into the resistance range between 1233.80-1238.90, but if it does not happen correction and then going down to the support range between 1225.38-1222.94. So the analyst suggests Gold normal range are support at 1219.85 and resistance at 1243.41.

In late trading the weekend early Saturday (11/02), Rotterdam coal prices ended down. Coal prices have slumped hampered by the strengthening US dollar. The dollar rose against the Japanese yen after the meeting Trump-Abe went smoothly and tax reform plan that will launch the US president Donald Trump The increase in the US dollar makes the price of US dollar denominated coal Rotterdam to be expensive so the demand is getting stronger. Rotterdam coal price futures for the most active contract slumped to 77.00 dollars per ton. It decreased by 2.16 percent compared to the previous closing. Analysts estimated that Coal for the next session on Rotterdam exchange has potential to strengthening itsef further but limited by the weaker US dollar. The price of coal futures could potentially test the resistance level at 77.50 dollars and next resistance at 78.00 dollars.

US dollar managed to rally towards the end of trading last week's climb against many of its main rivals which earlier this week receives positive sentiment from the US-Japanese diplomacy during the two days ended by mutual agreement and without confrontation as the market feared previous. The US and Japan meeting last weekend to the attention of the market after the United States cut ties with Trans-Pacific trade or TPP associated with Japan. Markets are worried what the end of the meeting especially before President Trump had expressed some major economies devalued to the detriment of the United States such as Germany and Japan. For further movemen, i see that US Dollar may rise further considering that US Index has been rising for about 0.15 percents towards 100.69 which is close to two-week highs. And into Asia session the price opened higher at 100.82 with highs this morning has reached 101.01.

Australian dollar exchange rate experienced profit taking after enter Asia trading seesion earlier after on weekend showing a rivalry against US Dollar. Late last week the Australian dollar was speeding up to achieve the highest position in seven trading days received positive sentiment from the rally in crude oil prices. Weekly price of AUDUSD ahead of Asia session earlier in the week in addition to the momentum triggered by the US dollar rally and also a decrease in crude oil prices, which has positive sentiment from surging copper prices to rise to its highest level in 20 months. For the next trade until the close of trading ending the American session tomorrow morning, analysts viewed as technically AUDUSD pair may rise to the resistance range between 0.7690-0.7708 but if the current has negative correction then would fall towards support range between 0.7645 -0.7613.

Cocoa futures on ICE Futures was closed down. The weakening of cocoa prices this weekend also brought cocoa prices this week dropped. Cocoa price slump depressed sentiment strengthening US dollar, falling demand and rising inventories of cocoa. At the end of trading early this morning the price of cocoa futures contracts in May 2017 which is the most active contract closed slump observed. Commodity prices fell by 1.70 percent at 1,962 dollars per ton. The dollar rose against Yen after the meeting Trump-Abe went smoothly and the planned tax reform will be launched by US President Donald Trump. A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases. Data from Barry Callebaut showed global chocolate sales fell -2.3% in the three months through November. While data from the National Confectioners Association reported that cocoa grinding Q4 North America were down -1.1% y / y to 117 588 MT, weaker than expectations rose + 1.7% y / y and the lowest for six years Q4in. Analysts estimated that the price of cocoa futures for the next trade will move in a limited tendency to weaken by sharing the bearish sentiment. However, it should be observed bargain hunting after the price of cocoa slumped. For the next session Cocoa has the potential to penetrate the resistance level at 2.010 dollar

The movement Yen on Asia session on Monday (13/2) experienced a decline against the US dollar. USDJPY seesn railly for about 3 consecutive days which was triggered by the release of Japanese GDP Q4 Prelim Data 2016 is lower than the preceding quarter. Before the release of economic data above, USDJPY opened at a position higher than the previous trading by the US-Japan sentiment meeting weekend. The meeting, which became the focus of global markets led to a mutual agreement that is mutually beneficial. USDJPY opened at around 113.57 and rolling at 113.85. For the next trade until the European session tonight, US dollar seems to be moving bullish so USDJPY here has the potential to continue to follow the movement of strong US Dollar even until the last of US session tonight.

ICE sugar futures prices plunged in late trading on early Saturday (11/02). The weakening commodity prices depressed the strengthening US dollar. The dollar rose against the Japanese yen after the meeting Trump-Abe went smoothly and the planned tax reform will be launched by US President Donald Trump. A weakening US dollar makes dollar-based commodities sugar became cheaper in other currencies. At the close of trading early this morning the price of sugar futures for the most active contract have closed down 0.23 cents, or equivalent to 1.11 percent at 20.42 cents per pound. Analysts estimated that the price of sugar futures for trading the potential to strengthen further limited by the weaker US dollar. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the resistance level at 20.90 cents and 21.40 cents

Arabica coffee prices rose on ICE in late trading weekend early Saturday (11/02), triggered by the estimated decline in arabica coffee production. Coffee institutes in Brazil Conab expressed preliminary estimates for 2017-18 domestic production will decline 8-15%, to 43.65m-47.50m bags. Arabica coffee futures prices because of that at the close of trading early this morning has strengthened. Arabica coffee futures prices in May 2017 rose by 0.55 dollars or equivalent to 0.37 percent and closed at 1.4815 dollars per pound. Analysts estimated that Arabica Coffee futures for the next trading session has potential to strengthening its position with dollar's weakness. The price of Arabica coffee futures on ICE Futures New York has the potential to test the resistance level at 1.5100 dollar and 1.5400 dollar.

Oil prices slumped ion Asian session, triggered by signs that the global fuel market remains swollen despite production cuts led OPEC crude oil has been more successful than expected. Crude oil futures prices of West Texas Intermediate (WTI), the US fell 5 cents, or 0.09 percent, to $ 53.81 per barrel. Brent crude futures traded at $ 56.64 a barrel, down 6 cents, or 0.11 per cent compared to the previous closing. Organization of Petroleum Exporting Countries (OPEC) and other producers including Russia has agreed to cut production by nearly 1.8 million barrels per day (bpd) during the first half of 2017 in an effort to control the excess global fuel supply. There is broad skepticism that all manufacturers will actually make the cuts promised, but in accordance with the current reduction is estimated at about 90 percent But because global oil demand is expected to increase to between 1.3 million barrels per day to 1.5 million barrels per day in 2017, OPEC efforts is the longer and deeper the cut. In the United States, OPEC faced with rising flood of shale production. In China, the OPEC leader Saudi Arabia has been overtaken by Russia as the largest oil supplier. Analysts estimated that crude oil prices for the next trading may decline to concerns with the US and global production increases. But if optimism implementation of OPEC production cuts and the rise of Russia, will be able to lift prices. Crude oil prices potentially move in the support range between $ 53.30- $ 52.80

The price of CPO in Malaysia commodity exchanges in trading Monday afternoon (13/02) observed weak. CPO price decline during the depressed weakening crude oil prices. Oil prices slumped on Asia session, triggered by signs that the global fuel market remains swollen despite production cuts led OPEC crude oil has been more successful than expected. The decline in crude prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract depreciated by 0.8 percent to 3,047 ringgit per tonne. Analysts estimated that CPO futures at the next trade may drop by a potential weakening of crude oil. Price movements can also be affected by currency movements Ringgit, global supply and demand conditions. CPO futures contract prices on commodity exchanges April 2017 Malaysia has the potential to test support level at 3,000 ringgit.

The price of tin in Malaysia Stock Exchange rose on Monday (13/02). The increase of tin's price driven by a positive sentient on Wall Street gains. Stocks ended rose to new record highs in last weekend trading on Saturday morning (11/02), a day after US President Donald Trump promised to release a plan of tax policy in the near future. The price of tin on Malaysia commodity exchanges observed a rise today. The industrial metals prices traded at 19,600 dollars per tonne, up by $ 580 or 3.0 percent from its previous close at 19 020. For the weekly price, tin's price fell around 3.5 percent, largely eroded by the slump on Wall Street and Europe, a stronger dollar and weakening of the Chinese services sector. Analysts estimated Malaysian tin price movement in trading the potential to strengthen further limited by the weaker US dollar. Price will face the resistance level at position 19,800 dollars and 20,000 dollars.

Tocom rubber prices on Monday afternoon (13/02) closed up. Prices of natural rubber futures for the most active contract, namely in July 2017 helped to strengthen by the weakened Yen. USDJPY also rose about 0.4 percent on 113.68. A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Natural rubber prices in Tocom for the most active contract surged by 4.6 percent at 326.00 yen per kilogram. For the week Tocom rubber prices also jumped 3.6 percent, largely driven currency weakening yen, rising crude oil, rubber price increases Shanghai stock exchange. Analysts estimated the movements on the next trading day may still appreciate by the weakening yen. For the next trading session price is expected to touch resistance level at 331.00 yen.

Australian Dollar exchange rate movements consolidated against US Dollar, after the price of this pair opened lower at 0.7625 in early trading (0000 GMT). And now the exchange rate is still rolling at 0.7629. AUDUSD strength on European session comes from the sentiment of Chinese trade balance data which release is steady and also it is because of the rally in crude oil prices. US dollar bullish pressure drop strength unsuccessful pair. Technically AUDUSD attempted to climb toward the resistance range between 0.7665- 0.7687. For the movement today many analysts argued that the normal range for AUDUSD pair is estimated to have the support level at 0.7553 and the resistance level at 0.7701.

Tocom rubber prices on Friday afternoon (10/02) closed up. Prices of natural rubber futures for the most active contract, namely in July 2017 helped strengthen by this weaker yen and rising crude oil prices. Natural rubber prices in Tocom for the most active contract, for the contract on July 2017 ended up at 4.0 yen or 1.3 percent at 311.70 yen per kilogram, an increase compared to the previous closing at 307.70 yen per kilogram. Many analysts estimated that Tocom Rubber price movements for the next trading session may still appreciate the weaker yen and rising crude oil.

On European session , the pound exchange rate movements is pretty much negative against the US dollar after the price opened lower at 1.2508 in early trading (0000 GMT), the exchange rate is now rolling at 1.2469 pounds. British Pound is still moving weak on European session because of the sentiment of hard brexit after a majority of MPs approved the scenario brexit lower British Prime Minister and stayed high level assembly will debate on 20 February. Technically GBPUSD may will be corrected towards the support range between 1.2449 -1.2423, but if it is failed the price may rise towards the resistance range between 1.2533-1.2593. Analysts argued that GBPUSD pair is estimated to have the support level at 1.2411 and the resistance level at 1.2608.

Sugar futures prices plunged in late trading early on Friday (10/02). The weakening commodity prices depressed by the US dollar strengthening and weakening demand. The US dollar jumped more than 1 percent against the yen and rose broadly on Thursday after comments from President Donald Trump that he would release tax reform plan in the next few weeks. A weakening US dollar makes dollar-based commodities sugar became cheaper in other currencies. Weakening demand also weighed on prices of sugar. Dealers said small delivery is expected to occur in March, which ended on Monday, as demand from Myanmar has tightened supplies in Asia. Prices for March may also have been weighed down by talk that the sugar from Central America can be sent. Sugar supply seen as less attractive than Brazil because of high transportation costs to send to potential major import markets. Analysts estimated that the price of sugar futures to trade the potential to strengthen further limited by the weaker US dollar. Prices of raw sugar futures has the potential to test the resistance level at 21.15 cents and 21.65 cents.

Euro exchange rate movements on European session consolidated against the US dollar after price opening higher at 1.0655 in early trading (0000 GMT), and the Euro exchange rate is now rolling on the position of 1.0654. The consolidation movement of EURUSD pair on EU session because lack of economic data strong euro area. US dollar bullish momentum still dominates which causes the weakening of EURUSD pair. Technically, EURUSD moving down towards the range of 1.0622 - 1.0609, and in case of a positive correction, the pair may rise towards the range of 1.0682-1.0712. Analysts argued that EURUSD is estimated to have the support level at 1.0589 area and the resistance level at 1.0741.

ICE arabica coffee prices rose in late trading Friday morning (10/02), triggered the estimated decline in crop production. Coffee cooperative Brazil's largest, Cooxupe which is a cooperative associated with arabica coffee, have confirmed their estimates previously poor weather conditions during the development of new crop has combined with pressure from the past higher biennial crops in 2016, leading to projections that the production of coffee harvest for July 2017 until June 2018 may be lower than previously anticipated. Their forecasts for the next harvest are for arabica coffee production to between 35 to 38 million bags and the total Brazilian plant reaches 43 to 47 million bags for the coming year. Arabica coffee futures prices at the close of trading early this morning has strengthened. It rose by 1.61 percent and closed at 1.4520 dollars per pound. Analysts estimated that Arabica Coffee futures price for the next session has a potential to rise higher by the weaknening of US Dollar. Arabica coffee futures on ICE Futures US in New York has the potential to test the resistance level at 1.4800 dollar and 1.5100 dollar.