Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



DMT Advertisement Details

myregister

Member
 View Profile  See their activity

  • Posts

    7,043

  • Joined

  • Last visited

  • Days Won

    6

 Content Type 

Everything posted by myregister

  1. myregister
    The price of CPO on Malaysia commodity exchanges observed to rise in early trade on Tuesday afternoon. CPO price hike this afternoon supported by the weakening ringgit and rising crude oil prices on Asian session. USDMYR exchange rate rose about 0.17 percent at 4.4938. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session. Analysts estimated that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit and crude oil price increment. CPO futures contract prices has the potential to test the resistance level at 3,200 ringgit and 3,250 ringgit.
  2. myregister
    The movement of the exchange rate that had the British pound rebounded against the US dollar in the Asian session, trimmed back by the rise of the US dollar against major rivals except the exchange of commodities. The weakening pound received a negative sentiment from BBA mortgage data release aprovals lower than the previous period. Enter the European session, the British banking associations report the data mortgages issued by banks in the UK in November. Launch data showed a decline from the previous month period as well as strengthening expectations. Previous rate of the British pound has been hit for 6 consecutive days. Analysts see GBPUSD will continue to fall towards the support range between 1.2223-1.2195, and if it is failed to break those ranges then this pair has potential to rise back towards the resistance range between 1.2299- 1.2322.
  3. myregister
    Crude oil prices fell slightly in Asian trade Wednesday as the market waited to see how the members of OPEC and non-OPEC supply cuts are planned to implement in the new year. US crude oil futures price of West Texas Intermediate fell 10 cents, or 0.19 percent, to $ 53.80 a barrel after ending up 88 cents to $ 53.90 per barrel in the previous session. Brent futures traded down 15 cents, or 0.27 percent, at $ 55.94 a barrel, after closing the previous session rose 93 cents. Trading is expected to remain thin this week ahead of the New Year holiday. Markets wait and see approach at the beginning of the historic formal agreement reached by the Organization of Petroleum Exporting Countries (OPEC) and some non-OPEC members to reduce their production. In a sign that the world's major oil producers may adhere to their agreements, OPEC member Venezuela said it would cut 95,000 barrels per day of oil production in the new year. Russian oil producer Gazprom Neft said it plans to increase oil production by 4.5 percent to 5 percent next year. Many analysts estimated that Crude Oil price will closely watch the sentiment caused by OPEC and non OPEC cuts production due to the new start on January 2017. If the sentiment is optimistic, will strengthen the price and vice versa.
  4. myregister
    Having managed to reduce the strength of USD against Australian dollar in early trading last week, Aussie rallied back showing the movement that responds to the development of the gold price also increased significantly the last few days. Observed Australian dollar strengthened against several rivals. Previous trading aussie got a strong foothold apart from the rally in gold prices was also obtained from the crude oil price rally that is long enough until 3 consecutive days. But this morning tracked oil prices fell again, but do not block the aussie rally entered keduia consecutive days. AUDUSD exchange rate movements on Asian session was bullish, after opened higher at 0.7184. For subsequent trade to the end of NY session this evening, analysts estimated that AUDUSD may fall down towards the resistance range between 0.7164-0.7140.
  5. myregister
    Price of cocoa futures at the end of trading on Wednesday morning (28/12) closed slump on ICE NY futures. Weakening prices dampened prospects for increased cocoa production in Ivory Coast with the support of the weather. Harmattan, a dusty wind from the Sahara which usually arrive between December and March, may cut production and damage the quality of cocoa beans with a slew of small pods and dry soil. Last year, high winds causing severe damage. Farmers also reported good growing conditions in the western region, and in the southern region. At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed down observed. Commodity prices closed down by 1.19 percent at 2,237 dollars per ton. For the next trading price of cocoa futures on ICE Futures US has the potential to penetrate the support level at 2,190 dollar . If the Support level is successfully penetrated the next level is 2,140 dollars.
  6. myregister
    The price of CPO in Malaysia observed commodity exchanges rose on Wednesday afternoon (28/12). CPO price increases following the increase in soybean oil in Dalian commodity exchange as a rival. Trading Palm olein for May 2017 contract on the Dalian Commodity Exchange rose 1.48 percent at 6.176. The decline of exports Malaysia is still providing bullish sentiment. Exports of Malaysian palm oil products for December fell 5.6 percent to 845.441 tons from 895.625 tons shipped during November. Data for December showed a decrease of 14.4 percent and has dragged the market at the time. 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 23 ringgit, or 0.7 percent and traded at 3,151 ringgit per tonne. CPO futures contract prices on Malaysia bourse has the potential to test the resistance level at 3,200 ringgit and 3,250 ringgit. While the level of support that will be tested if prices decline is at 3,100 ringgit and 3,050 ringgit.
  7. myregister
    International spot prices for coking coal has fallen sharply after China loosened restrictions on the production of materials used to make steel. Coking coal from Australia high grade heavy trading below $ 250 per ton in the spot market, down about 20% from a five-year high reached in November. Chinese production is recovering after the government lowered the limit that was introduced in the spring on the number of days that the mine can operate. Chinese imports of coking coal decreased by 8% in November from the previous month, with a further decline expected in December. Also, more buyers to switch from Australia to Mongolia for coal spot prices higher. As market conditions showed further decline in prices, the steel mill in Southeast Asia and elsewhere have held back purchases. Spot prices for coking coal jumped from about $ 80 per ton at the beginning of the year to more than $ 300 in November as traders anticipate price increases driven inventory. By the same token, sales tend to drive more sales as buyers forecast a decline in prices.
  8. myregister
    EURUSD rally since trading Asian session on Wednesday (28/12) seeks trimmed amid thin liquidity the European market and the absence of sentiment driving the pair from the Euro area. The European market is still in a holiday mood is quiet and so there is a strong movement. The collapse of Euro in trading this afternoon received a negative sentiment from the drop in bond yields in the euro area its quiet fundamental driving force. Profit taking whack EURUSD that has 4 consecutive day rally. Besides the thin trading conditions occur because of easy movement easy once the consolidation. For the next trade until the close of trading ending the American session tomorrow morning expected to fall. Many analysts estimated that generally this pair(EURUSD) will fall down towards the support range between 1.0444 - 1.0408.
  9. myregister
    Yen on the Asia session show a mixed movement and have zig zag on Wednesday (28/12), the Japanese government launched economic data for the development of retail sales and also prelim industrial production of the country. These data show mixed results so that the movement of the USDJPY pair may able to continue its rally. Yen hit by poor economic data reported to the Cabinet Office of Japan and also the strong sentiment of the release of US economic data on consumer confidence in the US state. This time the yen was not given the chance to take a deep breath of relief that pushed back towards the worst position for the currency of the country. Japan's Cabinet Office this morning reported the country's industrial production lower than expected increase, but higher than the previous period. And for retail sales increased from the previous period experienced contraction, also increased expectations of an increase. For the next movement until the evening session, USDJPY has a chance to receive the positive sentiment back because of the release of pending home sales data is expected to show an increase in bookings growth of existing homes in the US state. But if the result gives a disappointment then the power pair can be trimmed.
  10. myregister
    Sugar futures prices closed higher on the ICE Futures exchange trading late New York Wednesday morning (28/12). The commodity price surge has strengthened supported higher crude oil prices. Crude oil prices surged in late trading on Wednesday morning (28/12), continuing the year-end rally supported the implementation of the agreements expectations of production cuts the first time in 15 years between producers OPEC and non-OPEC with effect from January 2017. 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. At the close of trading early this morning the price of sugar futures for the most active contract is a contract in March 2017 strengthened. The price of sugar futures the most active closed up 0.39 cents, or equivalent to 2.15 percent at 18.54 cents per pound. Raw sugar futures on ICE Futures US in New York has the potential to test the support level at 18.00 cents and 17.50 cents. While the level of resistance to be tested if the price increase at 19.00 cents and 19.50 cents.
  11. myregister
    Venturing forex trading on Asia session on Wednesday (28/12), US dollar fall back in retreat by profit taking after earlier rose by solid economic data releases overnight. The economic data reinforcing the strength of the US economy in 2017 to support the projected movement of the dollar against its main rivals. Conference Board (CB) released the scores consumers' assessment of the US economy rose in December from the previous month period exceeded even the expectations of a higher score. Scores are reported to CB for the index was 113.7, while the previous period 108.5 109.4 and the expectations of economists. Profit taking experienced by US dollar made a strong foothold for its main rivals rebound against other currencies exchange rate and commodities became the foundation to continue to rally since previous trading. Observed US dollar only strengthened against Yen by fundamentals. For the movement of US session tonight, are driving medium for the US dollar from the data release pending home sales. The data is expected to show an increase in bookings growth of existing homes in the US state. The dollar index opened lower end of the previous period and traded at 103.01, and is now trading around 102.95.
  12. myregister
    The price of arabica coffee futures on ICE Futures exchange at the close of New York trading on Wednesday morning (28/12) ends slump. The weakening of arabica coffee prices triggered by weak demand for arabica coffee. According to the exporters group Cecafe, the South American country exported 3.07 million 132-pound bags of coffee last month, a decrease of 12.2% from the same month a year earlier. Overseas sales of arabica coffee declined 6.7% to 2.7 million bags. Colombia hold the same manufacturer, the second largest producer in the world of arabica beans. ED & F Man Volcafe said in a note that producers and intermediaries have been stockpiling coffee and still thinking about the price of one month back. Arabica coffee futures prices for the most-active on March 2017 observed to fall down and closed lower at 1.3420 dollars, the contract fall about 1.95 cents or equal to 1.43 percent. Analysts estimated that Arabica Coffee futures at the next trade will weaken limited by the strengthening of US Dollar. The price of Arabica coffee futures on ICE Futures US in New York the potential to test the support at 1.3100 dollars and 1.2800 dollars.
  13. myregister
    Tocom rubber price in midday trading Wednesday (28/12) was observed to rise. Prices of natural rubber futures for the most active contract, namely in June 2017 helped to strengthen the yen weakened. USDJPY traded higher by 0.20 percent at 117.67. 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, namely to contract this afternoon in June 2017 moved up by 2.6 yen or 1.0 percent at 259.80 yen per kilogram, an increase compared to the previous closing at 257.20 yen per kilogram. For the next trading session the Rubber price is expected to meet the resistance level at 265.00 yen. No further resistance at 270.00 yen. Meanwhile if lower prices will find support at 255.00 yen and 250.00 yen.
  14. myregister
    Gold prices rose in late trading on Wednesday morning near its two-week highs triggered by weak Japanese inflation data, in thin trading with traders in the United States back to a long holiday weekend after Christmas and the London market was closed. Spot gold was up 0.4 percent at $ 1,139.31 per ounce, after edging down to $ 1,131.35. US gold futures for February delivery closed at $ 1,138.80 per ounce. Japan's core consumer price index (CPI) slipped 0.4 percent year-on-year in November, compared with market consensus of a decline of 0.3 percent, while household spending also fell 1.5 percent November from a year earlier. Most analysts believe widespread concerns about European banks and the uncertainty surrounding the US policy of President-elect Donald Trump will likely support gold prices in 2017. However, the gold price could fall in the near term if US bond yields continue to rise. Analysts esimated that the price of gold for the next trade is projected to rise by buying towards the end of the year. But it could turn weak if the strengthening of Wall Street boosted Asian markets. There will also be observed the movement of the US dollar.
  15. myregister
    The price of Tin on Malaysia bourse considered to be stable on Wednesday (28/12). The stable price of tin after the US market opened after the Christmas break with a stronger Wall Street. Stocks ended slightly higher in late trading on Wednesday morning (28/12) supported by a positive US economic data and rising crude oil, while the Nasdaq composite index hit a record closing. But the flat movement with a weaker Yuan Shanghai stock exchange this morning, sentiment bearish for Tin. The price of tin in Malaysia observed stable commodity exchanges today. The industrial metals prices traded at 20,800 dollars per ton, the same as the previous closing on weekends at 20,800. Analysts estimated that Tin price at the next trade will move weakened by the strengthening of US dollar. Tin futures price will face support level at 20,600 dollars and may reach 20,400 dollars if able to break previous support.
  16. myregister
    Crude oil prices rose slightly in late trading the weekend on Saturday morning ahead of the Christmas and New Year with the market looking forward efforts to manage OPEC production cuts planned by Libya are expected to increase production. US crude oil futures price closed up 7 cents, or 0.13 percent, to $ 53.25. Brent crude futures rose 11 cents to $ 55.16 a barrel, after rising 1.1 percent on Thursday. Crude oil prices still trading around its highest since mid-2015, supported by an agreement with the Organization of Petroleum Exporting Countries (OPEC) and non-members of OPEC to lower production by nearly 1.8 million barrels per day from January 1. For the week, US crude rose for a second week in a row, gaining 2.2 percent during that time. The dollar index stabilized on Friday not far below the 14-year peak of 103.65 hit earlier this week. The dollar firmed makes dollar-denominated commodities such as oil more expensive for holders of other currencies. Analysts estimate the price of crude oil has the potential to move the flat into the long holiday season until the end of the year. But the hopes passage of production cut began in January 2017 to support the price. Crude oil prices are expected to move in a range Resistance between $ 53.75 and $ 54.25
  17. myregister
    CPO exchange rate against US Dollar on Malaysia bourse on Monday observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session. The decline in crude oil 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 on the commodity exchanges Malaysia today seems to weaken about 0.5 percent and traded at 3,060 ringgit per tonne. Analysts estimated that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if positive moves will strengthen the price of CPO. It has the potential to test the resistance level at 3,110 ringgit and 3,160 ringgit
  18. myregister
    In late trading the weekend early Saturday (24/12), Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices rose slightly in late trading the weekend on Saturday morning (24/12) ahead of the Christmas and New Year with the market looking forward efforts to manage OPEC production cuts planned by Libya are expected to increase production. At the end of the trading price of coal Rotterdam futures contract for January 2017 at 83.85 dollars per ton. Commodity prices gained 0.10 compared to the previous closing. For this week the price of coal increased by 2.19 percent, largely supported the increase in crude oil prices and a weakening US dollar. The price of coal futures could potentially test the resistance level at 84.35 dollars and 84.85 dollars. While the level of support that will be tested if prices decline at 83.35 dollars and 82.85 dollars.
  19. myregister
    The price of sugar futures on ICE Futures exchange in late New York trading the weekend early Saturday (24/12) ended slightly lower on the trading market ahead of the holidays. Daily chart shows a consolidation pattern. Sales came mostly from speculators who need to liquidate a large part of the long positions they hold. At the close of trading early this morning the price of sugar futures for the most active contract is a contract in March 2017 observed a decline. The most active price of sugar futures have closed down slightly by 0.06 percent at 18.15 cents per pound. In the weekly price of sugar is still negative -0.38 percent, largely by weakening demand, particularly the decline in Chinese imports. Analysts think that the price movements of raw sugar futures in New York at the next trade will strengthen limited by the potential of weakening US dollar. Prices of raw sugar futures has the potential to test the resistance level at 18.65 cents =and 19.15 cents.
  20. myregister
    The price of arabica coffee futures on ICE Futures exchange at the close of New York trading the weekend early Saturday (24/12) ends slump. The weakening of arabica coffee prices triggered an increase in arabica coffee harvest forecast. Brazil raised its estimate of the country's coffee harvest in 2016 as a surge in the production of arabica beans various exceeds a slump in production of robusta beans. Agency, known as Conab, said Brazilian farmers grew 51.4 million 132-pound bags of coffee in 2016. In September 2016 Conab estimated harvest 49.6 million bags. The new estimate represents an increase of 19% from 43.2 million bags the country produced in 2015. Arabica coffee futures prices for the most-active contract closed down in March 2017 in the position of 1.3615 dollars, down by -2.95 cents or equal to -2.12 percent. In the weekly price of arabica coffee fell 4.42 percent, largely eroded by increased supply and harvest in Brazil. Analysts estimate that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade limited the potential to weakening US dollar. The price of Arabica coffee futures on ICE Futures US in New York has the potential to test the resistance level at 1.3900 dollar and 1.4200 dollar.
  21. myregister
    Tin futures price on Malaysia bourse on Monday (26/12) observed to keep falling down. Price of tin in Malaysia commodity exchanges ended down following the weakening of Wall Street. The industrial metals prices traded at 20,800 dollars per tonne, down by 0.5 percent from its previous close at 20,900. In the weekly price of tin in Malaysia Stock Exchange slumped -1.9 percent, largely depressed strengthening US dollar and a weaker Wall Street. Analysts estimated that Malaysian tin future's pprice movement at the next trade will rise towards the higher level if weak US Dollar realized by the news. Price will face the level of support at 20,600 dollars and next towards 20,400 dollars.
  22. myregister
    Gold prices ended higher on the final trading day weekend early Saturday after US dollar retreated this week from a 14-year high. Spot gold rose around 0.2 percent at $ 1,132.63 per ounce, while US gold futures for February delivery closed up by 0.26 percent, at $ 1,133.60 per ounce. For the week, gold prices declined 0.4 percent depressed strengthening US dollar traded near 14-year highs after US Federal Reserve Chairman Janet Yellen reinforced hopes for a faster pace of US interest rate hikes next year than had been expected. Gold has fallen more than $ 200 per ounce from the peak reached after Donald trump victory in the presidential election on November 8, reached last week's low of $ 1,122.35, as the dollar triggered a rally victory and drove US Treasury yields higher. Analysts estimated that Gold price for the next trading session projected to rise and may pull back the US dollar's rice. But with the holiday season are expected to trade will decline can hold the price of gold.
  23. myregister
    Cocoa futures on ICE Futures trading late weekend closed up. Strengthening the cocoa price action triggered bargain hunting. Cocoa futures higher, triggered bargain hunting after the previous session fell nearly 4 percent, which was the lowest price since 3.5 years. The increase in cocoa prices also supported the weakening US dollar. At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract closed up by 75 dollars, or 3.43 percent at 2,264 dollars per ton. Analysts think the price of cocoa futures to trade the potential to strengthen further limited by the potential weakening of the US dollar. For the next session would potentially penetrate the resistance level at 2,310 dollar . If the resistance level is successfully penetrated the next level is 2,360 dollars.
  24. myregister
    The price of natural rubber futures trading Tocom on Monday afternoon (26/12) ended down. TOCOM rubber prices triggered weakening the yen's rise. Japanese Yen was observed to strengthening its position and it means USDJPY weakened to 117.13 . The increase in the exchange rate of Yen makes commodities that are traded in these currencies become relatively more expensive for foreign buyers. The impact demand for these commodities declined. In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange contract which expires in June 2017 was -10.7 yen weakened or -4.0 percent to 255.5 yen per kilogram Analysts view that Tocom rubber futures at the next trade is potentially affected by the natural pressure of the Japanese yen. The price of rubber futures in TOCOM exchanges will test the Support level at 250.00 yen and 245.00 yen.
  25. myregister
    Until last week, US dollar managed to rally for a third consecutive week and reached the highest value during the 14 years against all its major counterparts. The high value of the US dollar against all currencies of the world boosted by solid US Q3 GDP data release before the Fed rate and the projected increase continued in 2017. But sentiment long Christmas holidays for many forex trading makes the market took profits on their portfolios against US dollar. Momentum considerable selling pressure and length which will serve as the foundation for some of its main rivals to rebound and rally hard. And for this week's trading analysts estimated that the dollar index strong bullish consolidation in the range is limited and tends to strengthen. Likewise fundamentally a received power from CB Consumer Confidence data release on Tuesday night and is limited by the employment data Unemployment Claims on Thursday night.
×
×
  • Create New...