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myregister
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Euro exchange rate movements on Asia session is still bullish against US Dollar after the price of this pair opened lower at around 1.0582 in early trading (0000 GMT), and the Euro exchange rate is now rolling a 1.0597. Euro still rally by momentum of profit taking where US dollar continued to respond to President Trump's dovish press conference the first time after winning the presidential election. In the European session will receive a positive sentiment of the release of economic data expected to show a minor driving data improved from the previous period. Technically, EURUSD will rise back to the resistance range at 1.0626 -1.0768 . However, if the correction is happening now then this pair may fall down towards 1.0569-1.0451. Analysts argued that EURUSD is estimated to have the support level at 1.0406 and the resistance level at 1.0768.
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At the end of trading on Thursday morning (12/01), Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices rose highest in more than a month at the end of trading on Thursday morning (12/01), driven dollar weakness after the news conference by US President-elect Donald Trump and on news that Saudi Arabia has cut exports to Asia. At the end of the trading price of coal Rotterdam futures contract in February 2017 traded at 83.25 dollars per ton. The commodity price gained 2,60 dollars or equivalent to 3.22 percent compared to the previous closing. Tonight will be released the data indicated US jobless claims increased. If these results are realized the potential of USD pressed. Analysts estimated that Coal futures for the next session projected to rise considering that US Dollar is keep weakening than before.The price of coal futures could potentially test the resistance level at 83.75 dollars and if break it will rise even up to the next resistance at 84.25 dollars.
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The price of arabica coffee futures on ICE Futures exchange on Thursday morning (12/01) finished up. Arabica coffee price increases supported the weakening of the US Dollar. US dollar weakened after the press conference US President-elect Donald Trump, who does not discuss economic policies and fiscal stimulus. The weakening US dollar makes the price of arabica coffee is sold in US dollars become cheaper, so the demand is increasing. Arabica coffee price increase also triggered reports that dry weather in Brazil affects the production potential. Analysts estimated Arabica coffee futures on ICE Futures US in New York at the next trade 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 1.5200 dollar and 1.5500 dollar.
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Crude oil prices are flat on Thursday after US crude inventories and refined products to the market is sending mixed messages, with ongoing uncertainty over OPEC compliance with production cuts are planned also in focus. The price of West Texas Intermediate (WTI) traded at $ 52.22 a barrel, down 3 cents, or 0.06 percent. Brent crude traded at $ 55.17 a barrel, up 7 cents, or 0.13 per cent. Traders said that crude oil inventories report and processed products released by the US Energy Information Administration Wednesday has sent mixed messages to the market. While the unexpectedly strong rise in crude inventories by 4.1 million barrels to 483.11 million barrels implies ongoing oversupply, record US refinery runs of 17.1 million barrels per day (bpd), up 418,000 barrels per day in this week, indicating strong demand ongoing. Despite some easing of supply in February to China, India and Malaysia, crude exporter Saudi Arabia is likely to focus on cuts in Europe and the United States, protecting the largest customer in Asia. Analysts estimated that Crude Oil price will examine the implementation of agreement to cut output production by OPEC and non-OPEC, in case of cuts will raise the price and vice versa. Crude oil prices are expected to move in the resistance range between $ 52.70 and $ 53.20
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Gold price movements on Asian session (11:10:35 GMT) continues uphill after the price opened lower at 1190.85 in early trading, now the price of gold is still rolling at 1197.47. On Asia session it seems that gold prices are still supported by poor Asian stock exchanges and US dollar bearish momentum. Sentiment safe haven market controlled by market concerns will shape the global economy in the first half of this year, with the pressures of political conditions. Technically, gold prices will continue to rise towards the resistance range between 1200.45-1210.58, but if there is a correction may be down towards the support at 1188.71-1179.85. So the analyst suggests XAUUSD today is expected to have the support level at 1174.83 and resistance level at 1210.58.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Tocom rubber prices on Thursday afternoon (12/01) finished up. Natural rubber futures prices for the most-active contracttriggered a decline in rubber production. Worrying decline in production occurred in the presence of flash floods in Thailand. In yesterday's trading, the prpice of Tocom rubber surged to a near four-year high on Wednesday amid fears of widespread flooding in southern Thailand, the world's largest rubber producer, will affect supplies, dealers said. Worrying decline in production continues to this day. Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon ended June 2017 rose by 8.1 yen or 2.8 percent at 299.00 yen per kilogram, an increase compared to the previous closing at 290.90 yen per kilogram. Analysts estimated that Rubber price futures for the next session is still potentially positive with declining inventories in Thailand and India. But today they will weaken if the yen continues to strengthen. For the next trading session price is expected to meet resistance at 304.00 yen. -
The price of CPO on Malysia bourse this afternoon seems sluggish. The drop in CPO prices this afternoon triggered by strong exchange rate against the US dollar Ringgit. In late trading, the currency Ringgit strengthened where USDMYR fall down 0.24% at 4.4613. Strengthening Ringgit occurred as US dollar weakness after the press conference US President-elect beyond expectations overnight. This event makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price on March 2017 which is the most active contract fell by -9 ringgit or 0.3 percent and traded at 3,124 ringgit per tonne. Analysts estimated that CPO futures price for the next session may decline with the potential strengthening of ringgit itself, not to mention that there are many aspects which affect the market including crude oil price movements can affect CPO price increase today.
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The price of cocoa futures at the end of trading on Thursday morning (12/01) closed slump. The weakening of cocoa prices triggered an increase in supply in the Ivory Coast. Last weekend Ivory Coast President Ouattara said he reached an agreement with the army to avoid further problems. Shot in the cities stop and the business returned to normal. But at the same time, the price of cocoa turned and moved lower. One of the most bearish weighed on the cocoa market right now is a great plant and oversupply facing the market. At the end of trading early this morning Cocoa contracts in March 2017 which is the most active contract was observed fell down. Prices closed down by 3.62 percent at 2,127 dollars per ton. Analysts estimated that Cocoa futures for the next session will have limited tendency to strengthening itself by the weakening movement of 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 2,180 dollar.
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GBPUSD rally since the beginning of Asia session to reach its highest level in five trading days but on early European session began to cut by considerations of poor market fundamentals pounds and also received negative sentiment of the speech several US officials who may clarify the FOMC monetary policy further. GBPUSD doesn't have any economic data releases as a major driving force that is more dominantly influenced by sentiment hard brexit and also the fundamental strength of US dollar. And if the sentiment driving the pair GBPUSD disappointing dollar can rise again. Analysts seems estimated that GBPUSD for the next trading session has bigger chance to rise back to the resistance range between 1.2322-1.2353, as for the worst scenario it will keep falling because there is no correction happened towards support range between 1.2157- 1.2110.
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Japanese yen still managed to continue to rally the previous 3 days trading after the Nikkei closed in the red zone that triggered safe-haven trade. USDJPY therefore only survive in the best position and around 115.00 after then retreat to around 114.00. In early Asian session yen had gained responding to the drop in US bond yields after the speech of President Trump for failing to spell out the shape policies promised during the campaign to make the US economy more intense. In addition, the price is under pressure from the consolidation of local economic data such as current account and economy watcher Japanese sentiment exceeded the previous month's data. For the movement of the pair until the end of the evening session trading has the potential fall deeper, so there are a lot of analysts estimated that further USDJPY will drop to around the range of 113.90 to 113.09. But if there is a correction then this pair will rise towards the range of 115.72-114.75.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Step into European session on Thursday (12/1), the australian dollar rally was continued in the fourth consecutive day by momentum bearish US dollar against many of its main rivals. And early session, AUDUSD sentiment that is driving crude oil prices experienced profit taking, but still further aussie rally. Rally of Australian dollar also gained support from rising commodity prices such as iron ore and featured natural copper price increases in international commodity markets. So that the AUDUSD pair successfully sped to the highest position in the 20 trading days and has reached the position of strong resistance daily. For subsequent trade to the American trading session this evening, many analysts estimated that AUDUSD has bigger chance it may continue to rise towards the resistance range between 0.7500-0.7535. And if failed will fall to the range between 0.7426 and 0.7365. -
United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
The collapse of US dollar after the inaugural press conference US President Donald Trump that disappointed the market getting worse until European trading session on Thursday (12/01). The US dollar plunged deep into the worst position in 20 days trading market disappointment weigh against Donald Trump's campaign promises Americans better economic conditions. Against US dollar gloomy conditions, the main rival who took advantage a lot of that is Japanese yen, euro and aussie. This moment makes the Japanese yen and the euro rose to its highest level in the last 24 trading days aussie rose to the highest peak in the 20 trading days. In the US session tonight there is a negative sentiment that can suppress the dollar over the data that unemployment claims last week. This data is expected to be increased from the previous period. After that there are several official speeches FOMC is likely to provide breathing assistance to Dollar. To schedule Janet Yellen's speech, on this night does not provide direction of monetary policy. The dollar index, which measures the strength of US dollar against six major currencies in European trading session fell to 100.80 after trading session on early Asia session opened at 101.72. However, the dollar index is now trying to rise to 101.00. -
The price of tin ion Malaysia bourse has a stable price on wednesday (11/01). The stable price of tin with investors awaited speech by US President elect Donald Trump today. On Wednesday, Trump will hold his first press conference since winning the election, which will give you further instructions and details about policy preferences after officially become president on January 20. The price of tin in Malaysia observed stable commodity exchanges today. The industrial metals prices traded at 21,100 dollars per ton, the same as the previous closing on weekends at 21.800. Analysts estimated that Tin's price movement for the next session will weakened by the strengthening US Dollars, It seems that the price will face support level first at around 20.900 dollars and next towards 20.700 dollars.
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Gold prices rallied to its highest level in more than a month at the end of trading on Wednesday morning (11/01) as the US dollar slumped to anxiety before a press conference by US President-elect Donald Trump on Wednesday and the uncertainty of the British exit from the EU. LLG Spot gold prices rose 0.44 percent to $ 1,186.36 per ounce, previously had reached its highest since December 15, gold futures prices rose 0.16 percent at $ 1,186.7 per ounce. The market was looking for more clues about spending plans in a speech Trump's first since a surprise win in November which pushing the dollar lower. Analysts estimated that Gold price for the next trading session will rise as US Dollar weakness continues. Similarly, the speech Trump waiting and uncertainty surrounding the implementation of Brexit, as well as the physical demand of China, became the bullish sentiment for gold. The gold price is expected to move in the resistance range between of $ 1,184- $ 1.182.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Tocom rubber price in midday trading Wednesday is about to rise. Prices of natural rubber futures for the most active contract, namely in June 2017 helped to strengthen weaker yen and rising crude oil prices. Observed the Japanese Yen weakened. A weaker yen makes Tocom futures price of natural rubber rose as expected. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Tocom rubber price increases also supported the rise of crude oil in the Asian trading session. Natural rubber prices in Tocom for the most active contract is for the contract in June 2017 during rise about 10.1 yen or 3.6 percent at 289.50 yen per kilogram, for the next trading session price is expected to meet the level of resistance at position 295,00 yen. No further resistance at 300.00 yen. -
ICE arabica coffee prices rose in late trading Wednesday morning (11/01), supported a variety of bullish sentiment. The increase in Arabica coffee boosted by Brazilian Reals. Real Brazil tend to be firmer and traded at 3.19 against the US dollar with a still relatively soft nature of the reference price on the New York market. The strengthening of the Brazilian Real is the bullish sentiment for commodity prices denominated in US dollar, making exports less attractive in the local currency. Brazil is the world's top producer of coffee. The rise in coffee prices also supported by short covering investors see a good chance to continue buying as happened in the previous session. The increase was also influenced by the increase in Robusta coffee, where there is increasing demand in the coming Tet New Year (Year of the Rooster) festivities will start in 2.5 weeks in Vietnam. Analysts estimated that Arabica coffee futures for the next session trading has potential to be weaker against US Dollar and the price of Arabica coffee futures on ICE Futures US in New York the potential to test the support at 1.4500 dollars and 1.4200 dollars.
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The price of sugar futures on the commodity exchange ICE Futures US in New York Wednesday morning (11/01) ended up triggered by the strengthening of the Brazilian Real. The increase in sugar prices driven by the strengthening of the Brazilian currency, the Real. Real Brazil tend to be firmer and traded at 3.19 against the US dollar. The strengthening of the Brazilian Real is the bullish sentiment for commodity prices denominated in US dollar, making exports less attractive in the local currency. Brazil is the world's top producers of sugar. 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 increase. The price of sugar futures the most active closed up 0.06 cents, or equivalent to 0.29 percent at 20.48 cents per pound. Analysts estimated that Raw Sugar futures price on NY session may weakened since US Dollar against this one potentially stronger than expected. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the support level at 20.00 cents and 19.50 cents.
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Crude oil prices edged higher in Asian trade on Wednesday (11/01), lifted by reports of supply cuts Saudi Arabia to Asia, but gains were limited by the lack of detailed this reduction and as signs of increased supply from other manufacturers. The price of West Texas Intermediate (WTI) was at $ 50.96 a barrel, up 15 cents, or 0.28 per cent, while the price of Brent crude oil futures traded at $ 53.73 a barrel, up 9 cents, or 0.17 percent. The Energy Information Administration (EIA) said on Tuesday that US crude oil production in 2017 will rise 110,000 barrels per day (bpd) to 9 million barrels per day. Another concern for traders is the US crude inventories are high, the EIA is scheduled to release the latest figures on Wednesday. Outside the United States, there are doubts over the continued adherence to a reduction in planned production from members of the Organization of Petroleum Exporting Countries (OPEC). Iraq's second largest producer of OPEC plans to increase crude oil exports from the southern port of Basra to a record high in February, maintaining high delivery even as OPEC production cuts force this month. Analysts estimated that Crude Oil price for the further session will examine the implementation of the agreement to cut output by OPEC and non-OPEC, in case of cuts will raise the price and vice versa. Also if tonight US crude inventories report will push the price increases to be realized.
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ICE Futures price of cocoa futures at the end of trading on Wednesday morning (11/01) closed up. Strengthening cocoa prices triggered bargain hunting traders. Bargain hunting occurs in overnight trading after the price of cocoa fell 3.41 percent, after the unrest in Ivory Coast eased. The decline in prices has sparked buying cocoa trader. The main crop harvest is almost finished in the world's top cocoa producer and farmers watched the weather for the next production cycle. Hot and dry weather last week but remain adequate soil moisture, said the farmer. Harmattan, a dry wind that blows in the dust from the Sahara between December and March, has been mild so far. Last year the strong winds and cause serious crop damage. At the end of trading early this morning the price of cocoa futures contracts for March 2017 which is the most active contract closed with a record increase was observed. The commodity price closed up $ 23 dollars or 1.05 percent at 2,207 dollars per ton. Analysts estimated that the price of cocoa futures hereinafter potentially weak trading with US dollar strengthening. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,150 dollar.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
Ending the American session forex trading on Tuesday (11/1) US dollar is moving very weak since the beginning of the Asian session trading slightly elevated by conditions experienced rivals in Europe. The US dollar rebounded against the euro exchange rate and swissfranc, and fell most sharply by the strength of the yen, Australian dollar and sterling. The US dollar is still not dare to drive the market fears will be his first speech in public on Wednesday (11/1). The market is worried by US President-elect Donald Trump disappointing economic outlook of the country speech. Victory of dollar against EUR due to the crushing defeat suffered by EURGBP trading, after briefly moving stronger in European session. The dollar index, which measures the strength of the US dollar against six major currencies at the end of the American session trading slightly upward to a position 102.02. While the Asian morning trade session opened stronger position to 101.96 and was moving in the highest position at 102.10. -
The price of CPO in Malaysia observed commodity exchanges rose on Wednesday afternoon (11/01). CPO price hike this afternoon supported crude oil prices for the Asian session. Crude oil prices edged higher in Asian trade on Wednesday (11/01), lifted by reports of supply cuts Saudi Arabia to Asia, but gains were limited by the lack of detailed this reduction and as signs of increased supply from other manufacturers. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in March 2017 which is the most active contract rose as much as 44 ringgit, or 1.4 percent and traded at 3,126 ringgit per tonne. Analysts estimated that the price movement of CPO futures at the next trade may strengthen if the rise in crude oil continues. CPO futures contract prices on commodity exchanges has the potential to test the resistance level at 3,180 ringgit and 3,230 ringgit.
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At the end of trading Wednesday morning (11/01), Rotterdam coal price rises triggered by the decline in coal production in 2016. The US Energy Information Administration data showed US coal production fell 17 percent from 2015 to 743 million tons. That's the lowest production level since 1978 and the continued decline of eight years from the peak of coal production in 2008. At the end of the trading price of coal Rotterdam futures contract in February 2017 in the position of 80.65 dollars per ton. Commodity prices strengthened by 2.50 dollars or equivalent to 3.20 percent compared to the previous closing. Analysts estimated that Coal price for the next trading session potentially able to weak with the declining crude oil price. The price of coal futures could potentially test the level of support at 80.15 dollars and next towards 79.65 dollars.
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The price of Tin fell in this afternoon (01/09). A weaker tin prices depressed by the US dollar rise overnight. Strengthening of the US dollar makes the price of tin is sold in US dollars become more expensive, so demand decreases. So Tin's price on the bourse observed to weaker and getting weaker today, this industrial metal traded at around 20.930 dollars per ton, Tin mathematically fell around 0.8 percents from its previous closing at 21,100. For the week the price of tin is still positive, up 0.7 percent. Weekly rise in tin prices supported the weakening US dollar. Many analysts estimated that Tin's movement could potentially weaken limited. Price will face the support level at 20,700 dollars and 20,500 dollars.
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Movements in gold prices on Europe session moves negatively after the price opened higher at around 1173.82 in early trading (0000 GMT), now the price of gold is still rolling at 1174.18. The price of gold was approaching the strong resistance range. Gold prices trimmed by the strong momentum of US dollar against many of its main rivals and also trading of risky assets in the European stock exchanges rose after Asian bourses also turn green. Although the release of economic data which supporting US dollar less to give strength, but the speech of 2 official FOMC is expected to add the strength of the US dollar. Technically, Gold continue to be depressed towards the support range of 1169.90-1163.75, but if there is a correction to rise again achieve the strong resistance. So analysts suggested XAUUSD is expected to have the support level at 1158.48 and resistance level at 1191.11.
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Amid the bullish momentum to US dollar, Euro managed to rebound on EU session on Monday (9/1) browser profits trading against British pound. Euro's natural pressure against the US dollar is the response to strong US bond yields last week, rebounded after a strong rally on Euro against Pound to reach its highest level in 12 weeks. Started trading forex on EU session, EURGBP shot high enough sentiment hard brexit burdensome pounds steps in the forex market. Profit trade with other euro rivals give strong track for a rebound EURUSD already depressed since the end of last week. Today there are also some economic data releases that could put additional pressure on the movement of the euro, such as data from Germany are mixed, and the unemployment rate of the Euro area and Italy. German data releases indicate that the data was mixed because one data decreased industrial production data for November. For the next trade to closing of American session which ended tomorrow, many analysts estimated that EURUSD technically will rise towards the resistance at 1.0564 - 1.0590. And if there is a correction back to the range of 1.0511-1.0483.