Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



myregister

Member
  • Posts

    7,043
  • Joined

  • Last visited

  • Days Won

    6

Everything posted by myregister

  1. ICE arabica coffee prices rose in late trading Thursday morning (05/01), triggered the strengthening of the Brazilian currency, the Real. The increase was driven by the strengthening of Arabica coffee on the Brazilian real, which rose 1 percent against the dollar, hindering sales of producers on the international currency market the 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 producer of coffee. Arabica coffee futures prices at the close of trading early this morning has strengthened. Arabica coffee futures prices in March 2017 rose by 4.40 dollars or equivalent to 3.20 percent and closed at 1.4180 dollars per pound. Analysts estimated that Arabica Coffee futuresto a subsequent trade with a positive potential against USD which is weak at the moment. The price of Arabica coffee futures has the potential to test the resistance level at 1.4500 dollar positions and 1.4800 dollar.
  2. The price of CPO in Malaysia bourse observed weak. A drop in CPO prices this afternoon triggered by strengthening Ringgit exchange rate against the US dollar and weaker crude oil prices. On this afternoon observed exchange rate of US dollar-ringgit pair, down -0.3% at 4.4850. Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. The decline in crude oil prices to trigger negative sentiment that makes CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO decreased demand Analysts estimated that CPO futures at the next trade may decline with the potential of strengthening ringgit. Price movements can also be affected by crude oil prices, global demand and supply conditions. CPO futures contract price has the potential to test the support level at 3,080 ringgit and 3,030 ringgit.
  3. At the end of trading yesterday , Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices rebounded in late trading on Thursday morning (05/01), supported investor optimism for OPEC producers will follow the planned production cuts begin this month. At the end of the trading price of coal Rotterdam futures contract for January 2017 at around 84.20 dollars per ton. Commodity prices gained 1.70 dollars or equivalent to 2.06 percent compared to the previous closing. Tonight will be released weekly US crude inventories by the EIA which indicated a decline. If these results are realized, it will lift the price of crude oil. Analysts estimated that Coal futures price on Rotterdam Bourse at the next trading session is projected to rise with the increase in Crude Oil Price. The price of coal futures could potentially test the resistance level at 84.70 dollars and next at around 85.20 dollars.
  4. ICE Futures price of cocoa futures at the end of trading on Thursday morning closed up. Strengthening cocoa prices triggered by the weakening US dollar. US Dollar retreat after the release of the minutes of the Fed meeting gives the uncertainty surrounding the outlook for growth and inflation. A weakening US dollar makes dollar-based commodities cocoa becomes cheaper in other currencies. At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed with a record increase was observed. Soaring commodity prices closed at 71 dollars or 3.28 percent at 2,237 dollars per ton. Analysts estimated that Cocoa futures price later potentially powerful against US dollar which weakening. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,290 dollar.
  5. Mixed prices of world commodity on European market, do not make Australian dollar rally against several rivals including US dollar. AUDUSD rally momentum strength since trading two days earlier bolstered by reports of performance data for the Chinese service sector PMI reported on Asia session. AUDUSD still trying rise caused by strong bullish sentiment was pressured by some as the decline in oil prices of crude on international market that threatens the superior commodity markets in the LME market tonight. Besides what driving the strong Australian dollar is lifting gold price increase is significant in three consecutive days. For subsequent trade to the end of American trading session this evening, many analysts estimates that AUDUSD is being depressed towards the resistance range between 0.7268-0.7219. But if there is a correction, pair may fall back towards the support range between 0.7336-0.7393.
  6. Gold price movements end of the Asian session (13:30:35 GMT) strong move after opening higher at 1163.97 in early trading (0000 GMT), now the price of gold is still rolling at 1177.33. The price of gold has exceeded the range of the strong resistance. Enter the European session gold prices soaring to continue trading the previous day because of the drop in US bond yields overnight US trading session. Technically, gold prices will continue to rise towards the range 1180.00-1184.39, and if there is a correction going down towards the range 1161.00 - 1156.10. So the analyst suggests that the normal range XAUUSD pair today is expected to have the support level at 1145.65 and resistance level at 1185.23.
  7. Euro exchange rate movements in the end of Asia session is moving its rally against US dollar after the price opened lower at 1.0488 in early trading, and Euro exchange rate is now rolling at around 1.0561. Euro's bullish momentum that formed since the previous day's trading when the hawkish FOMC minutes in December 2016 failed to raise US dollars faster. In the middle of the European session there will be some economic data such as the Euro area retail data and PPI in December which was a minor driving. Technically, EURUSD attempted to climb to the resistance at 1.0582 -1.0625, but if it is not up to 1.0625 will be corrected down to the range of 1.0472-1.0393. Analysts argued EURUSD is estimated to have the support level at 1.0330 and the resistance level at 1.0655.
  8. The movement of US dollar since Asia session was observed to move positively and rose from the lowest position in three weeks overnight trading after the release of hawkish minutes of the results of the FOMC meeting in December 2016. US Dollar experienced a new little bargain hunting against trade with some of its main rivals. The market began to digest back to economic data main driver of US dollars tis session tonight. In economic releases in the evening session later there are mixed data, with jobless claims data is expected to show steady addition to the ADP data and the ISM non-manufacturing PMI is expected to decline. The dollar index, which measures the strength of the US dollar against six major currencies in early European session is moving negatively towards around 102.28 after opened around 102.49 on early Asia session.
  9. The movement of USDJPY on European session moves weaker after opening higher at 117.26 in early trading, and now the pair is at 116.44. Until now the pair has reached strong support range. Japanese Yen on European session still shows the movement rallied after strong rebound earlier trading post FOMC minutes which makes US bond yield fell to its lowest in three weeks. In the treatise mentioned the uncertainty surrounding the economic impact of the policies of President Trump and fears the Fed will disinflation strong US dollar. Technically, USDJPY may continue to the support range between 115.31-113.99, and if there is a correction, it can rise again headed to the range of 117.65-118.28 . Throughout this day USDJPY today will have the support level at 115.16 and the resistance level at 118.64.
  10. In the midst of a moderate pace of US dollars by trying to cut he suffered weakening since the previous trading, British pound exchange rate trying to take back momentum of GBPUSD rebound which depressed since Asia session. GBPUSD rebound force in the European session comes from the release of performance data for the services sector PMI by Markit. Markit survey of reports on the performance of private business services sector experienced the UK in December score significant leap to their highest point in 17 months. Strength from this data that makes GBPUSD pulled away from its lows at 1.2271. Analysts estimated that GBPUSD has bigger chance to fall down towards the support range which start from 1.2260 to 1.2222, and if it is failed to reach that range then GU potentially rise back towards the range of 1.2352- 1.2390.
  11. The price of sugar futures on the commodity exchange ICE Futures US in New York on Thursday morning ended up triggered drop in sugarcane production. Raw sugar prices hit a 1.5-month amid ongoing fears of a shortage of sugarcane in India, the second largest producer in the world. More than two dozen factories in Maharashtra, India's main sugar producing state, has stopped crushing due to shortage of sugarcane and many more are likely to close before the end of February. On the demand side, Indonesia has said it will import 1.5 million tonnes of raw sugar during the next six months. Tonight will release the ISM Non-Manufacturing PMI and Markit Services PMI in December that indicated declining. If realized, it will weaken the US dollar. Analysts estimated the price movements of raw sugar futures in New York at the next trade potentially strengthened by the weakening US dollar. Prices of raw sugar futures has the potential to test the resistance level at 21.40 cents and 21.90 cents.
  12. Natural rubber prices Tocom futures trading on Thursday afternoon ended down. Weakening Tocom rubber prices triggered a strong yen and weakening crude oil. USDJPY pair fell to 115.77. The strengthening of the yen occurred after the US dollar weakens after FOMC minutes which show a large uncertainties in the coming US fiscal policy 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. Analysts estimated that Tocom Rubber Price futures at the next trade is potentially affected by the natural pressure of the strengthening Japanese yen. Rubber will test the support level at 268.00 yen and 263.00 yen. Prices will meet resistance at 278.00 and 283.00 yen if the price reverses into positive territory.
  13. The price of tin in Malaysia Stock Exchange rose on Thursday afternoon . The increase in the price of tin supported dollar weakness overnight. The US Dollar retreat after the release of the minutes of the Fed meeting gives the uncertainty surrounding the outlook for growth and inflation. 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 on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 21 040 dollars per ton, up by 60 dollars, or 0.3 percent from its previous close at 20 980. Analysts estimated that Tin price on Malaysia bourse has a potential to strengthen further limited by the weaker US dollar. Price will face the resistance level at 21,200 dollars and even further to the next resistance level at 21,400 dollars.
  14. At the beginning of American session forex trading on Tuesday (3/1), British pound exchange rate is still seen trying to maintain bullish momentum gained from the release force UK PMI manufacturing data reported Markit few hours earlier in the European session. But its power began to wane by the sentiment that made the US dollar rally. These sentiments come from the release of the PMI manufacturing data will be ISM or the US government reported a few hours ahead. These data are expected to show an increase in the data from the previous period and if that happens the US dollar rally that is now limited by the oil price rally is getting tight. Analysts estimated that GBPUSD may fall down towards the support range between 1.2264-1.2229, and if it is not until this evening lowest range will potentially rise back towards the resistance range between 1.2306- 1.2340.
  15. In the midst of Japan's financial markets, yen could rebound on Tuesday (3/1). But not last long when entered the European session, which immediately cut and make further USDJPY rallied up to the opening of American session tonight. Manufactursing sentiment by ISM data release provides power for USD. No longer Markit and ISM survey will report them to the last condition of domestic manufacturing business United States, namely the period from December. From the report predicted scores showed improvement from the previous month period. For the movement of this pair until the end of the evening session trading has the potential to rise steadily, so many analysts estimated that USDJPY have the chance to rise to around the resistance range between 118.37 to 118.68. But if there is a correction will come down to the support range between 117.70-117.02.
  16. Cocoa futures at the end of the final trading day of 2016, early Saturday (31/12) closed slump. Cocoa futures fell to their lowest level in more than 3.5 years due to the rapid production in top grower Ivory Coast heightened concerns about excess supply in the 2016/17 season. Dealers said the distribution of cocoa to ports in Ivory Coast has been running well in the past year and now many global surplus expected for this season. The price of cocoa experienced a huge fall -32.61 percent. The collapse of cocoa prices largely eroded by rising global surplus estimate. Analysts estimated that Cocoa futures for the next trade will move in a limited tendency to weaken with an estimated global surplus and 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 2,080 dollar.
  17. Tin price on the Malaysia bourse remain unchanged in early trading early 2017 on Tuesday (03/01). The stable price of tin with investors still entering the initial opening of the market, which is still looking for the sentiment driving the price of tin. The price of tin in Malaysia observed stable commodity exchanges today. This industrial metal prices in early 2017 traded at 20,950 dollars per ton, the same as the year-end closing 2016 at 20,800. Strengthening of tin prices in 2016 largely helped by the weakening US dollar, the increase in Wall Street and Chinese exchanges are on sentiment strengthening demand in the US and China. Tonight will be released in December Manufacturing ISM data indicated increased. If realized, it will strengthen the US dollar. Analysts estimated that Tin price movements for the next trade will move if the weak US dollar strengthened realized. Price will face the support level at 20,750 dollars and 20 550 dollars.
  18. Crude oil prices rose in the first trading early in 2017 on Asia session on Tuesday (03/01) supported by hopes that an agreement between OPEC and non-OPEC members to cut production starting on Sunday, which is expected to be effective in resolving the global supply glut. Crude oil futures prices of West Texas Intermediate (WTI) rose by 0.56 percent, at $ 54.02, while Brent rose around 0.56 percent, at $ 57.14 per barrel, Market watchers said January would serve as an indicator as to whether the deal will work or not. Libya, one of the two OPEC member states are exempt from cuts, increased its production to 685,000 barrels per day (bpd) on Sunday, up from around 600,000 per day in December, according to an official of the National Oil Corporation (NOC). Elsewhere in the OPEC member countries, Oman told customers last week that it would cut the volume allocation crude oil futures rose 5 percent in March. Analysts estimated that Crude Oil prices will move higher in the hope of cutting production OPEC and non-OPEC producers including Russia which is held from January 2017. Crude oil prices are expected to move in the Resistance range between $ 54.50 and $ 55.00
  19. Japan's trade commodity exchanges, including exchanges Tocom rubber off in early trading today, Tuesday (03/01), a holiday for the Bank Holiday. Tocom rubber price on the final trading session on Friday (30/12) finished up. Price of natural rubber futures for the most active contract, namely in May 2017 helped strengthen weaker yen and rising crude oil prices. USDJPY currency pair traded up 0.09 percent at 116.64. A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities relatively cheaper, so the demand has increased. Analysts estimated that Rubber price movements on the next trading day may still appreciate by the increase in crude oil production cuts with the optimism that began in January 2017's. For the next trading session price is expected to meet the resistance level at 269.00 yen.
  20. The price of sugar futures on ICE Futures exchange New York end of 2016 on Saturday morning (31/12) ended up triggered drop in Indian production. Dealers said the rise in sugar prices has been fueled in part by talk that production in India could be lower than previously expected. Drought has curbed production in key states such as Maharashtra. At the close of trading session, Sugar futures prices for the most-active contract is a contract in March 2017 was observed to increase. The most active price of sugar futures have closed up by 0.02 cents, or equivalent to 0.10 percent at 19.51 cents per pound. Analysts estimated that Raw Sugar price at the next trade will weaken if the US dollar strengthened realized. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the support level at 19.00 cents and 18.50 cents.
  21. The price of arabica coffee futures on ICE Futures exchange at the close of New York trading late 2016 early Saturday (31/12) finished up. Arabica coffee price increased supported by the weakening of US Dollar. The US Dollar Index fell -0.46 percent at the end of 2016 depressed profit taking. The weakening US dollar makes the price of arabica coffee is sold in US dollars become cheaper, so the demand is increasing. Arabica coffee futures prices for the most active contract in March 2017 closed up at 1.3705 dollar which rose about 1.16 percent. Analysts estimated that Arabica coffee futures for the next trade potentially weak when US dollar strengthened realized. The price of Arabica coffee futures on ICE Futures US in New York the potential to test the support level at 1.3400 dollars and 1.3100 dollars.
  22. After being depressed on Asia trade, US dollar rose and moved rally received a positive sentiment of the release of the PMI manufacturing data will be reported to the US government and Markit also at the evening session. But Australian Dolar and Great Britain Pound are still persisting in its power by supporting sentiment. In a few hours Markit will announce a US manufacturing company performance period in December which is expected to show the same data as before. But the US government or ISM will announce the data rate increase from the period of November. The dollar index, which measures the strength of the US dollar against six major currencies in early European trading session (3/1) experienced a strong rally from the previous session and this index traded at 103.42.
  23. In late trading the end of 2016 on Saturday morning (31/12), Rotterdam coal price closed up triggered by the weakening US dollar. The US Dollar Index observed to fell -0.46 percent at the end of 2016 depressed profit taking. The weakening US dollar makes the price of coal sold rotterdam denominated in dollars become cheaper, so the demand is increasing. Rotterdam coal price futures for the most active contract is a contract in January 2017 ended up at 86.45 dollars per ton. The commodity price increased by 0.65 dollars or equivalent to 0.76 percent compared to the previous closing. Many analysts estimated that fundamentally coal futures price movements Rotterdam at the next trade potentially weak especially when US dollar strengthened realized. The price of coal futures potentially test support level at 86.00 dollars and 85.50 dollars.
  24. Euro exchange rate against US dollar failed to take advantage of the positive sentiment of the declining number of German unemployment to 11-month lows in the European session on Tuesday (03/01). German unemployment fell more than expected in December, keeping the unemployment rate in Europe's biggest economy at a record low, data from the Federal Labour Office showed on Tuesday (03/01). The number of unemployed fell 17,000 to a seasonally adjusted 2.638 million, said the Office. That was more than three times the 5000 forecast in a Reuters poll. For tonight, German inflation data will be released in December which indicated to rise above expectations . If the results of the German inflation rate to be realized then the EURUSD pair will try to rebound to resistance position. For the next trade until the close of trading ending the American session tomorrow morning, analysts estimated that fundamentally EURUSD will drop to the range Support between 1.0319 - 1.0233. However, if a rebound will go up to the resistance range between 1.0512-1.0612.
  25. Increased growth in Chinese manufacturing end of 2016, providing a strong impetus for the Australian currency on Tuesday's trading session this afternoon (03/01). A measure of manufacturing growth in China's private sector to maintain a steady pace of expansion in December, strengthening the solid growth in the fourth quarter for the second largest economy in the world. Caixin manufacturing purchasing managers' index (PMI) of China came at 51.9 in December, compared with 50.9 the previous month and well above forecasts for a slight decrease at 50.7. A reading above 50 indicates expansion, while a figure below 50 signals contraction. For subsequent trade to the American trading session this evening, many analysts estimated that AUDUSD will continue to rise towards the resistance range between 0.7248-0.7285. But if there is a correction, then this pair has chance to going down towards the support range between 0.7178-0.7143.
×
×
  • Create New...