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myregister

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  1. myregister
    The movement of USDJPY pair on Europe session rose after it opened weaker at around 113.22 in early trading, and now the pair observed to keep rising and even touched around level 113.61 which is strong resistance and had already passed. The movement of the Japanese yen is weak on European session induced by decline in JGB yields as a result of bond purchases by the BOJ's big enough. In addition the US dollar bullish momentum is still hamper Yen. Technically USDJPY able to rise up to the resistance range between 114.05-114.87, but in case of a negative correction, then it may fall towards the range of 113.02 - 112.52. Until the end many analysts estimate that USDJPY will have the support level at 111.07 and the resistance level at 113.43
  2. myregister
    Price of cocoa futures in late trade on Friday morning (10/02) was closed down. The weakening of cocoa prices triggered a stronger dollar and the availability of supplies. 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 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 availability of supplies. Dealers said supplies remained ample, with a large global surplus is widely expected for the 2016/17 season. 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 -0.75 percent at 1,996 dollars per ton. Analysts estimated that Cocoa futures for the next session will move in a limited tendency to strengthen the weakening US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,050 dollar.
  3. myregister
    Crude oil prices rose on Friday on Asian session, with OPEC's production cuts led to support the market cope with a surge in US fuel inventories are weighing on crude. West Texas Intermediate (WTI) traded at US $ 53.13 a barrel, up 13 cents, or 0.25 percent. Brent crude futures, the international benchmark for the price of oil, rose 14 cents, or 0.25 percent, to $ 55.77 per barrel. Both crude oil futures have traded in the $ 5 range since the beginning of the year, and traders say this is because the competition is driving prices. ANZ Bank said on Friday that oil prices continue to struggle to get out of the current range. The sentiment of "push" and "pull" to continue to compete in the market of crude oil overnight. There is widespread skepticism that all manufacturers will actually make the cuts promised, but the reduction is now estimated at between 80 to 90 percent by OPEC producer, Saudi Arabia which has imposed sharp production cuts. And this is likely to continue to run until the OPEC data releases next week. Analysts estimated that crude oil prices for the next trade is projected to rise to expectations of production cuts in OPEC and Russia. However, it should be observed strengthening of the US dollar and increased US production could depress prices
  4. myregister
    In late trading Friday morning (10/02), Rotterdam coal prices ended down. Coal prices have slumped and hampered by the strengthening US dollar. This 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. The increase of US dollar makes coal Rotterdam price to be expensive so the demand is getting stronger. Rotterdam coal price futures for the most active contract is a contract in March 2017 slump towards 78.70 dollars per ton. It decreased by 0.88 percent compared to the previous closing. Analysts estimated that Coal price movement for the next session will strengthen further but limited by the weaker US Dollar. The price of coal futures could potentially test the resistance level at 79.20 dollars and 79.70 dollars.
  5. myregister
    In the middle of EU session, the US dollar remains in the top position of bullish sentiment and able for the first time after six consecutive week plummeted. The strength of the US dollar until the European session was obtained from Trump's statements sentiment energy tax policy announcement phenomenal. For further movement, it seems that it will receive a negative sentiment of the release of some economic data such as data import prices, the data Prelim UoM consumer sentiment. But the defense got from the statement of President Trump overnight. The dollar index, which measures the strength of the US dollar against six major currencies in European trading session amid bullish positions rise to around level 100.78 after opening higher at 100.64.
  6. myregister
    The price of tin on Malaysia Stock Exchange rose . The increase in the price of tin supported by rising Chinese trade data. China's exports in January exceeded analysts' expectations, up 7.9 percent from a year earlier, while imports rose 16.7 percent, also overcome estimates, according preliminary data showed on Friday (10/02). The positive Chinese trade data, sentiment in the strengthening of demand in consumer countries have the largest base metals. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 19,020 dollars per ton, up by 0.4 percent from its previous close at 18,950. Analysts estimated that Tin's price movement on the next trading session may have potential to strengthen further limited by the weaker US dollar. Price will face the resistance level at 19,200 dollars and next to 19,400 dollars.
  7. myregister
    The price of CPO in Malaysia commodity exchanges observed to rise on Friday afternoon (10/02). CPO price hike this afternoon after supported the weakening ringgit and rising crude oil prices Asian session. 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 gained as much as 31 ringgit, or 1.1 percent and traded at 3,132 ringgit per tonne. Analysts estimated that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening of ringgit and the increase in crude oil. CPO futures has the potential to test the resistance level at 3,180 ringgit and 3,230 ringgit.
  8. myregister
    The price of CPO in seems rise on Thursday afternoon (02/02). CPO price hike this afternoon supported the weakening ringgit. USDMYR exchange rate strengthened 0.1 percent at 4.4347. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. 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 41 ringgit, or 1.4 percent and traded at 3,070 ringgit per tonne. Analysts estimated that CPO price for the next session on America session up to the end of this session tomorrow morning has bigger chance to rise, especially with the ringgit which keep weakening and also with Trump Protective Policy of US economic.
  9. myregister
    Gold price movements on European session (14:30:35 GMT) were weak after the price opened lower at around 1209.43 in early trading (0000 GMT), now the price of gold is still rolling at 1214.55. The gold price is still rising amid strong trading stock exchanges on European region triggered by the collapse of US dollar against many currencies of the world after Trump policy market worries latest addition. Technically, gold prices attempted to climb towards the resistance range 1206.88 - 1220, but if it is not up and there was a correction again going down towards 1204.35-1197.63. So the normal range of XAUUSD pair today is expected to have the support level at 1195.10 and resistance level at 1230.21.
  10. myregister
    The price of tin in Malaysia Stock Exchange rose on Thursday (02/02). The increase in the price of tin driven positive sentiment on Wall Street gains. Stocks end higher in late trading on Thursday morning (02/02) after the Federal Reserve kept interest rates unchanged, as widely expected. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 19 830 dollars per ton, an increase of 130 dollars or 0.7 percent from its previous close at 19,700. Tonight will be released the data indicated Jobless Claims decreased. If realized the potential to strengthen the US dollar. Analysts estimated that Malaysian tin price movements at the next trade will weaken limited by the strengthening US dollar. Price will face the support level at around 19,600 dollars and 19,400 dollars.
  11. myregister
    With the Fed meeting for 2 days it was decided not to change interest rates and does not give the signal for the next rate hike, as already promised by the Central Bank of the United States by year end. Responding to the attitude of the Fed's previous US dollar rose above the 100 range after a report from the US labor market, fell again to around 99. Before the announcement of the results of the FOMC meeting ADP had reported improvement occurring in the private labor market jump far exceeded the previous month period up to the highest level in seven months. The release of the US dollar managed to accelerate very fast to climb to the top of the range 100 that is also reinforced by the ISM manufacturing PMI is higher. The dollar index, which measures the strength of the US dollar against six major currencies at the end of the trading session with a couple of hours ago climbed to 99.75 after opening at 100.42.
  12. myregister
    After trading the Asian session on Thursday (2/2), Australian dollar opened flat straight high jump to reach the highest highs throughout 2017 even the highest in the 12 weeks since November 2016. The strong power of AUDUSD rally this morning received from positive sentiment after the second data release economy are encouraging. Australia's national statistics office (ABS) announced the data of building approvals rose from a position of contraction the previous month period, after which the foreign trade balance report in December 2016 that increased its trade surplus. Besides both steady economic data, the position of crude oil prices in international commodity markets are back up from the previous trading provide additional power. For subsequent trade to the American trading session this evening, many analysts predicted that AUDUSD for the next session probably have higher chance to rise since the position of rising global commodity prices and poor US dollar sentiment.
  13. myregister
    The movement of sterling on the second day in February (2/2) are still confident to continue the rally after previous trading day entered the third straight. Strong support for Brexit by many members of the British parliament in voting that was taken at the meeting on February 1, became the foundation for the oncoming pounds. Today, there is some momentum which can provide support for sterling strength as monetary policy announcement from the Bank of England or the Bank of England and the country's inflation report Q4-2016 period. But before there is power construction PMI are on the load rate of GBPUSD. For the next trade until the close of trading ending the American session tomorrow morning, analysts estimated that GBPUSD technically can go to the resistance area. But the pace of the pair is limited by the sentiment driving the US dollar is strong enough in the American session.
  14. myregister
    Strong movement of USDJPY is trimmed in line with the decline of US dollar market interest which will be disillusioned by the Fed's policy announcement earlier. And USDJPY experienced profit taking and making the Japanese yen rebounded again. Fed policy sentiment earlier in the year is still pressing this pair. Fundamentally the movement of the yen under pressure of bad data is foreign investment in the stock market and trading Japanese bonds ended last week scored a fairly large net sell of net buy period prior week. For the movement of the pair until the end of the evening session trading has the potential to go up if the release of US jobless claims data lower than expected and decline in the previous period. The market was still awaiting US NFP data due to be released Friday.
  15. myregister
    In the midst of Asia trading session on Thursday (2/2) the euro exchange rate movements bearish momentum picked up again by US dollar against many currencies of the world. Earlier Euro pressured strongly by solid US employment sector report period January that could elevate the dollar. Fed policy earlier in the year announced by Janet Yellen few hours ago adding a heavy burden for the dollar bearish momentum since the end of the trading year to date fall below the range of 100. However, in the European session should be wary of Spanish unemployment data releases are expected to increase from the previous month period. If EURUSD at European session will be truncated by the sentiments above, until the American session trading will continue moreover stressed there is strong sentiment that could accelerate the dollar power that the jobless claims data. In addition the market can also listen to speeches ECB President Mario Draghi in events held by the Bank of Slavonia.
  16. myregister
    The price of tin in Malaysia Stock Exchange fell in trading Friday afternoon (27/01). A weaker tin prices supported the increase in the US dollar overnight. The US dollar rebounded from a seven-week low optimism influences the economic and earnings outlook for US companies The increase in the US dollar makes price of tin to be expensive so the demand is getting stronger. The price of tin on the commodity exchanges observed a weakening Malaysia today. The industrial metals prices traded at 20.050 dollars per ton, down by 1.7 percent from its previous close at 20.400. Analyst estimates that 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 20.250 dollars and 20.450 dollars.
  17. myregister
    Crude oil prices fell in trading Friday on Asia session, with the increase in crude oil production from the United States pressured the efforts of OPEC and other producers to cut supply. Price of West Texas Intermediate (WTI) crude oil futures fell by around 0.04 percent, to $ 53.76 per barel. While Brent crude price, an international benchmark for oil prices, trading at $ 56.14 per barrel , down by 0.18 percent. Traders said that the efforts by the Organization of Petroleum Exporting Countries (OPEC) and other producers including Russia to cut supplies to reduce excess global fuel is being offset by increased production in the United States, so that the price of a tight range. The British bank said it expects the average price of Brent and WTI respectively $ 55 and $ 53 for the first quarter. OPEC and other manufacturers have agreed to reduce production by nearly 1.8 million barrels per day (bpd) for the first half of 2017 to counter the oversupply that has seen between 1 million and 2 million barrels per day of crude oil produced more than consumption during the two last year. But oil production has increased by about half a million barrels per day since mid-2016 amounted to 8.96 million bpd, offset a significant amount of any supply cuts OPEC regulated. Analysts estimated that Crude Oil futures price for the next session could potentially weak with increased US production and the strengthening US dollar. Potentially weak oil prices may dropped towards the support range of $ 53.30 - $ 52.80.
  18. myregister
    Gold prices fell to two-week lows in late trade on Friday morning (27/01), stressed the strengthening of the US dollar and US Treasury bond yields. LLG spot gold price was down 0.92 percent at $ 1,189.23 per ounce, from an earlier low of $ 1,191.18. US gold futures prices fell 0.74 percent to $ 1,188.9. Strong US Dollar makes dollar-denominated commodities more expensive for holders of other currencies, potentially restricting demand, while Treasury yields means higher US bond cheaper for investors who want an alternative to gold. While the stock market and bond yields continue to rise, driven by US President Donald Trump signal that he plans to increase public spending, expectations for growth impetus recently had a reduced impact on the dollar. Analysts estimated that Gold's price for the next session could potentially weakened by the strengthening US dollar. The gold price is expected to move within the range Support at $ 1.187 - $ 1.185, and if the price rises will move in a range Resistance between $ 1.191 - $ 1.193.
  19. myregister
    Sugar futures prices closed higher on the ICE Futures exchange trading late New York Friday morning (27/01). Commodity prices have strengthened supported higher crude oil prices. Traders anticipate that higher oil prices will encourage producers prefer to convert sugarcane into ethanol than sugar cane, so the decline of sugar production and increase the price of sugar. But the increase is restrained even further by strong US dollar, which depresses the sugar futures market. At the close of trading early this morning the price of sugar futures for the most active contract is a contract in March 2017 to strengthen monitored. The most active price of sugar futures are closed up by 0.02 cents, or equivalent to 0.10 percent at 20.36 cents per pound. Analysts estimated that sugar futures 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 20.90 cents and 21.40 cents.
  20. myregister
    In late trading Friday morning (27/01), Rotterdam coal prices ended down. Coal prices have slumped hampered by the strengthening US dollar. The US dollar rebounded from a seven-week low optimism influences the economic and earnings outlook for US companies to make the price rise in the US dollar denominated coal Rotterdam dollars to expensive so the demand is getting stronger. Rotterdam coal price futures for the most active contract is a contract in March 2017 falling down deeper at around 79.00 dollars per ton. Commodity prices decreased by 1.85 dollars, equivalent to 2.29 percent compared to the previous closing. Analysts estimated that Coal futures for the next session has potential to rise higher with the weakening US dollar. The price of coal futures could potentially test the resistance level at 79.50 dollars and next at around 80.00 dollars.
  21. myregister
    The price of arabica coffee futures on ICE Futures exchange New York at the close of trade on Friday morning ended weak. The weakening of arabica coffee prices depressed the strengthening of the US dollar. The US dollar which rebounded from a seven-week low optimism influences the economic and earnings outlook for US companies. The increase in the US dollar makes commodities traded in the currency is becoming relatively more expensive for foreign buyers that follow eroded demand weakened. Arabica coffee futures prices for the most-active contract closed in March 2017 sank at the position 1.5145 dollars, down by -1.45 cents or equal to -0.95 percent. So analysts suggest that Arabica Coffee futures for the next session is projected to rise by US dollar weakness. It has the potential to test resistance level at 1.5450 dollar.
  22. myregister
    The movement of the euro exchange rate throughout this week due to unfavorable natural selling pressure large enough to cut the benefits previous week and will certainly weaken a weekly basis at the end of trading this week (27/1). Euro pushed down this week because of lack of strong sentiment in the currency mover worried fundamental US dollar after the inauguration of US President Donald Trump. And sentiment which dominated the profit taking pressure on EURUSD at Asia session is that strong trading gains in global stock markets this week both the US and European exchanges themselves. Just this morning the euro rebound strength early in the session immediately by solid trading performance of stock markets in Asia. The lack of daily driving sentiment today made EURUSD will be more dominated by the sentiment of global movers and also US dollar itself. For the next trade until the close of trading ending the American session tomorrow morning, analysts viewed as technically EURUSD could rise if the US economic data released disappointing return.
  23. myregister
    The development of the movement of Australian dollar against the US dollar after dropping three consecutive days this week is still down since Asia session opening on weekend (27/1), although there is a positive sentiment that usually lift the exchange rate of the commodity. Weak aussie previous motion triggered by a poor release inflation data for the last quarter of 2016 were alarming RBA to position Australian interest rates that have been handed down in 2016 by the decline in the inflation data. But this morning released of PPI data and increases the same period, this triggers an increase in the inflation data for the first quarter of 2017. Australian PPI data and rising crude oil prices in international commodity markets may dampen the negative sentiment on commodity prices featured the country such as copper and iron ore. So for subsequent trade to the American trading session this evening, analysts estimate AUDUSD may rebound by movements in crude oil prices and poor sentiment driving the US dollar of GDP data Q4-2016.
  24. myregister
    Step into Asia session on Friday (27/1), the US dollar continued to rally back in bullish trading previously received previous trading sentiment that the US economic outlook and corporate earnings in the country. Optimistic view of market sentiment over protectionist policies despite the attitude of President Donald Trump make the uncertainty of the global trade. The rate of the US dollar until this morning limited by several constraints that could be trimmed back as the drop in US bond yields is quite severe and global market focus throughout the day that advance US GDP data release Q4-2016. The drop in US bond yields on US session overnight triggered by poor economic data such as jobless claims and home sales data is the US. Against several of its main rivals on Asia session this morning, almost all fell under pressure from the strong US dollar except aussie who receive rebound strength of the rally in crude oil prices and PPI data also Q4-2016. The dollar index, which measures the strength of US dollar against six major currencies in Asian trade climbed to 100.51 after opening at 100.48.
  25. myregister
    The price of CPO in Malaysia commodity exchanges in trading Friday afternoon (27/01) observed weak. CPO price decline during the depressed weakening crude oil prices. Crude oil prices fell in trading Friday on Asia session, with the increase in crude oil production from the United States pressured the efforts of OPEC and other producers to cut supply. The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. CPO price most active contract on the commodity exchanges Malaysia today seems weakened April 2017 contract price which is the most active contract ringgit depreciated by 0.5 percent and traded at 3,071 ringgit per tonne. Analysts estimated that CPO futures for the next session may falling down because the potential of crude's oil weakening. Price movements can also be affected by currency movements of Ringgit, global supply and demand conditions of CPO.
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