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myregister

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  1. ICE Futures price of cocoa futures at the end of trading on Tuesday morning (20/12) closed up. Strengthening cocoa prices triggered short covering. Cocoa futures rose higher, driven in part by news that speculators have increased further the already large short positions, pushing some estimates spaces for short-term price rebound. 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. The commodity price closed up by 65 dollars, or 2.90 percent at 2,303 dollars per ton. Analysts estimated that the price of cocoa futures to trade the potential to strengthen further limited by the potential weakening of the US dollar. For the next trading session the price of cocoa futures on ICE Futures New York would potentially penetrate the resistance level at 2,350 dollar.
  2. Australian dollar exchange rate are trying to get out of the bearish pressure for 5 consecutive days such sentiments hampered by some correction in crude oil prices, the minutes of the RBA meeting in November, and the strength of Janet Yellen hawkish statements against the US dollar. In early trading power aussie got the rebound from the current surge in crude oil prices after the opening of the retreat back. Within minutes of the RBA meeting last month shows that monetary policy is not likely to change the focus of Australia's central bank to stabilize the economy by increasing inflation. While Janet Yellen statement that gives strength to the dollar, suggesting the prospect of labor market and wage rates increased US. For subsequent trade to the American trading session this evening, analysts estimates AUDUSD will attempt to climb towards the resistance range between attempted 0.7263-0.7304.
  3. Pound exchange rate movements in the end of Asia session decreased against the US dollar after this pair's opening price is actually higher at 1.2398 in early trading , the exchange rate is now rolling at 1.2398 pounds. Pound could move rebound by momentum weakening US dollar amid strong fundamentals lonely drive the forex market throughout the day. But the retreat back to respond to the data release CBI Tirrenus sales are expected to be lower than the previous period. Technically, GBPUSD fall down to the support range between 1.2370-1.2297, but if it does not penetrate 1.2370 then will be reflected back towards the resistance range between 1.2428-1.2500. So the analysts suggest that the normal range of GBPUSD is 1.2289 and 1.2504.
  4. Natural rubber prices Tocom futures trading on Tuesday afternoon ends plummeted. Weakening Tocom rubber prices triggered profit taking towards the end of the year following an increase of three-year highs reached last week. Tocom rubber contract has climbed to three-year highs last week as speculators entered the market, according to traders at the time, but little fundamental news has appeared to maintain prices at those levels. In afternoon trading, the price ended lower by -3.5 percent to 266.7 yen per kilogram. Analysts estimate that the price movement Tocom rubber futures at the next trade potentially affected by a weaker yen rising commodity. The price of Tocom rubber futures exchange will test the resistance level at 272.00 yen and 277.00 yen.
  5. Crude oil prices moved quiet tend to be weak on Asian session, with liquidity fading in approaching the Christmas weekend. US crude oil futures price of West Texas Intermediate (WTI) traded at $ 51.91 a barrel, down 21 cents, or 0.40 percent. Crude oil futures prices International benchmark Brent traded at $ 54.88 a barrel, down 4 cents or 0.07 percent. Traders and analysts said there is no basis available to encourage large price swings, and that the market is likely to remain quiet this week. So many analysts estimated that crude oil has the potential to move flat ahead of the Christmas holiday, while there is no sentiment can influence market movements. Crude oil prices are expected to move between support range at $ 51.40 and $ 50.90
  6. The price of CPO in Malaysia commodity exchanges in trading Tuesday afternoon observed weak. The drop in CPO prices this afternoon triggered strengthening Ringgit exchange rate against the US dollar and weaker crude oil prices. Observed exchange rate of US dollar-ringgit pair, down by 0.02% at 4.4777. Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. SO the price seems to weaken and depreciated by 1.2 percent and traded at 3,105 ringgit per tonne. Analysts estimate that CPO futures price at the next trade may decline with the potential strengthening ringgit. Price movements can also be affected by movements in crude oil prices, such as the global demand of and supply CPO conditions.
  7. Exchange rate of the Japanese yen in early Asia trade is still able to move positively in line with the decline in US bond yields which reduce the strength of the US dollar as the market hunting for safe-haven assets. But now monitored pair is still moving positively in line with the results of the monthly meeting of the BOJ less surprise. The yen's strength this morning a statement obtained by Japan's Cabinet Office is projecting economic growth of Japan's 2017 GDP increased by 1.5% after a previously estimated 1.2% position. Likewise, throughout the year 2016 real GDP rose to 1.3% after a previous position at 0.9% and inflation rate rose 1.1% in 2017. For the movement of the pair until the end of the evening session trading has the potential to rise steadily, so many analysts estimated that USDJPY further may rise to the higher place again or at around the resistance range between 117.65 to 117.90 and if it is failed then it is clear the price will fall towards the support range between 116.80-116.12.
  8. The price of sugar futures on the commodity exchange ICE Futures US in New York Tuesday morning (20/12) ended flat ahead of the holiday season, though projections remain bearish with strong supply. The forecast global sugar surplus is small, and a strong production data from top sugarcane producer Brazil has driven prices down. The weakening of the Brazilian real has contributed to depressed prices. Speculators cut their net long positions in sugar again in the week to December 13, from 136 to 190 contracts, the smallest of their bullish bets since April, the data the US Commodity Futures Trading Commission showed on Friday. 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 slight increase. The price of raw sugar futures has the potential to test the resistance level at 18.80 cents and 19.60 cents.
  9. Crude oil prices rose in Asian trade on Friday after market source said Kuwait has been telling customers to cut supply by more than expected in January as part of a coordinated effort by the oil producers reduce global glut. US crude oil futures price of West Texas Intermediate (WTI) rose 32 cents, or 0.63 percent, at $ 51.22 per barrel. Crude oil futures prices International benchmark Brent traded at $ 54.30 a barrel, up 28 cents, or 0.52 percent. Kuwait Petroleum Corporation (KPC) has said on Tuesday that it has officially informed customers to cut their crude oil supply contract for January, in line with an agreement by OPEC to cut production. Traders said that the market price goes up if KPC supply cut more than expected. Most exporters have called operational tolerance in which they can reduce or increase their exports to the client with little notice. Market sources said that the KPC has been telling clients that it cuts off the supply outside the operational tolerance. Analysts estimated that crude oil prices could potentially rise to optimism cuts OPEC and non-OPEC production. But if the US dollar continues to strengthen, will push oil prices. Crude oil prices are expected to move in resistance range between $ 51.70 and $ 52.20.
  10. At the end of trading Friday morning (16/12), Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices ended flat, reducing earlier losses in late trading Friday morning (16/12) after members of OPEC said it would cut crude supplies as part of a deal to reduce production. Earlier, the price fell to the lowest level in a week as the dollar strengthened following a rise in US interest rates. At the end of the trading price of coal Rotterdam futures contract for March 2017 at 71.40 dollars per ton. Commodity prices gained 1.70 dollars or equivalent to 2.44 percent compared to the previous closing. Tonight will be released the data Building Permits and Housing Starts November that indicated declining. If realized can hit US dollars. Analysts estimated that coal price movement in trading futures Rotterdam potential to strengthen further by US dollar weakness. The price of coal futures could potentially test the resistance level at 71.90 dollars and 72.40 dollars.
  11. Australian dollar weaken by extending the strong US dollar trading post increase in US inflation data for November and force the Federal Reserve interest rate hikes that create the highest peak rose the most in 13 years. The high price of crude oil and commodities overnight superior also not able to lift the AUDUSD pair. Early Asian session on Friday (16/12), AUDUSD attempted rebound back take a foothold on the rally in crude oil prices were thin, although the magnitude of China's trading partners were naturally exhausted after a Fed rate hike by 25bp in yuan back plummeted this morning. Australian dollar exchange rate movements of the Asian session consolidate against US dollar and to a subsequent trade to the American trading session this evening, analysts estimated AUDUSD tried to climb into the resistance range between 0.7386-0.7416. But if failed this pair may fall to the support range between 0.7336-0.7314.
  12. ICE Futures price of cocoa futures in late trade on Friday morning (16/12) closed sharply lower. The weakening of cocoa prices triggered the strengthening US dollar. The US dollar surged to 14-year highs after the US Federal Reserve raised interest rates and a projected three hikes next year. A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases. Price of cocoa futures contracts in March 2017 which is the most active contract was observed to be closed down. Commodity prices closed sharply lower at -73 dollars, or -3.15 percent at 2,242 dollars per ton. Tonight will be released the data Building Permits and Housing Starts November that indicated declining. If realized can hit US dollars. Analysts think that the price of cocoa futures for the next trade 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 2,290 dollar.
  13. The surge of US dollar after receiving a strong power of a Fed rate hike and also the announcement of the next three interest rate hikes in 2017 only lasted for one trade only. Because in the last day forex trading this week, the European session saw US dollar retreat from the highest peak of the latest in 13 years. US dollar also experienced trading profit taking against many major rivals except the Canadian dollar natural attenuation due to the falling price of crude oil. Canadian dollar or loonie more dominant dollar driven by developments in crude oil prices as the commodity exchange. US dollar awaiting the development of the property sector data release United States that is data on housing starts and building permits in November. Both the data is expected to show can not provide power for USD. The dollar index, which measures the strength of the US dollar against six major currencies in European trading session were at 102.85, after in early trading opened at 103.12.
  14. The price of arabica coffee futures on ICE Futures exchange at the close of New York trading Friday morning (16/12) ended weak. The weakening of arabica coffee prices again depressed the strengthening of the US dollar. The US dollar surged to 14-year highs after the US Federal Reserve raised interest rates and a projected three hikes next year. 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 1.4220 dollars, down by -1.95 cents or equal to -1.35 percent. Tonight will be released the data Building Permits and Housing Starts November that indicated declining. If realized can hit US dollars. Analysts estimated that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade potentially strengthened by the potential weakening of US dollar. The price of Arabica coffee has the potential to test the resistance level at 1.4500 dollar and 1.4800 dollar.
  15. The price of sugar futures on the commodity exchange ICE Futures US in New York early on Friday (16/12) ended up encouraged bargain hunting and a rise in crude oil. Buying sugar futures in trading yesterday occurred after sugar prices fell 3 percent hampered peguatan US dollar after the Fed raised interest rates. Sugar profits on Thursday also supported by rising crude oil prices, as oil prices were likely to encourage sugar mills to switch to process sugar cane into ethanol. 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 closed up the most active surged by 0.53 per cent, or the equivalent of 2.94 percent at 18.56 cents per pound. Tonight will be released the data Building Permits and Housing Starts November that indicated declining. If realized can hit US dollars. Analysts think that the price movements of raw sugar futures in New York at the next trade potentially strengthened by the weakening US dollar. It has the potential to test the resistance level at 19.10 cents and 19.60 cents
  16. Technically Euro exchange rate since Asia session on Friday, continue until the European trading session this weekend after receiving additional power from inflation data release region is comprised of 18 countries and the Italian trade balance data is increased beyond expectations. On the previous trading session it seems that EURUSD pair dropped to its lowest level in 14 years after the US central bank (Federal Reserve) announced a change in monetary policy that raised interest rates 25 bp. Last Fed rate hike in December, 2015. For the next trade until the close of trading ending the American session tomorrow morning, analysts viewed as fundamentally that EURUSD pair will fall down towards the support range between 1.0397 - 1.0349.
  17. Pound exchange rate movements in end of the Asian session move negatively against US Dollar after the price opened higher at 1.2420 in early trading (0000 GMT), the pound exchange rate is now down 18 pips and the pair is rolling at 1.2402. Pound early Asian session continue the movement back negative and depressed enter the fourth consecutive day that are still driven by sentiment Fed rate hike solid US data releases overnight. To release the economic data in the European session from the UK there is no strong only minor ie data CBI Industrial Order, so the more dominant sentiment follow US dollars. GBPUSD is still depressed and it may continue to the support range between 1.2358-1.2346 after going through S1 first, but if it does not penetrate S1 will be reflected back towards the resistance range between 1.2453-1.2499. So analysts argued that GBPUSD is estimated to have the support level at 1.2301 and the resistance level at 1.2545
  18. Tocom rubber price in trading on Friday afternoon (16/12) to rise. Prices of natural rubber futures for the most active contract, namely in May 2017 ended up helped by rising crude oil prices. Crude oil prices rose on Asia session on Friday after market source said Kuwait has been telling customers to cut supply by more than expected in January as part of a coordinated effort by the oil producers reduce global glut. The increase in crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber prices in Tocom for the most active contract which is May 2017 was observed to rise by 0.7 yen or 0.2 percent at 282.90 yen per kilogram, an increase compared to the previous closing at 282.20 yen per kilogram. Analysts estimated that Tocom rubber price movement in trading the potential to strengthen further limited by the potential increase in crude oil. However, it should be observed Yen which are moving higher, which if it continues rising could depress prices.
  19. The movement of USDJPY pair on Asian session retreat after opening higher at 118.19 in early trading , and now the pair is at 118.14. Japanese Yen on late Asian session trying to rebound after 3 days of powerful pressured by a surge in US bond yields to the highest since September 2014. Fundamentally pair USDJPY rally is still potential which has entered into a weekly basis sixth consecutive week. USDJPY rise to the resistance range between 118.77-119.60. Throughout today analysts estimate that USDJPY today will have the support level at 114.78 and the resistance level at 119.88.
  20. The price of tin in Malaysia Stock Exchange rose on Friday afternoon (16/12). The increase in the price of tin driven positive sentiment on Wall Street gains. Stocks end higher in late trade on Friday morning (16/12) with investors digested economic data and the Federal Reserve's decision to raise interest rates. The Dow Jones rose 0.3 percent, to close at 19,858.24, the highest increase DuPont shares. The S & P 500 rose 0.39 percent, to end at 2,262.03, with financials leading the nine sectors higher. The Nasdaq composite index rose 0.37 percent, to 5,456.85. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 21,200 dollars per tonne, up by 50 dollars, or 0.2 percent from its previous close at 21.150. Analysts estimated that Malaysian tin price movement in trading the potential to strengthen further limited by the potential weakening of the US dollar. Price will face the resistance level at 21,400 dollars and 21,600 dollars.
  21. The price of CPO in Malaysia observed commodity exchanges rose on Friday afternoon (16/12). CPO price hike this afternoon supported the weakening ringgit and rising crude oil prices Asian session. USDMYR exchange rate observed to rose about 0.26 percent at 4.4775. 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. 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 0.6 percent and traded at 3,181 ringgit per tonne.Analysts estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit and the increase in crude oil. CPO futures contract prices on commodity exchanges in March 2017 Malaysia has the potential to test the resistance level at 3,230 ringgit and 3,280 ringgit. While the level of support that will be tested if prices decline is at 3,130 ringgit and 3,080 ringgit.
  22. Gold price movements on Asian session seems to be stronger than exected even after the price opened lower at 1128.21 in early trading (0000 GMT), now the price of gold is still rolling at 1131.11. The price of gold trying to rebound from 10-month lows beat sentiment Fed rate hikes. Gold lifted by safe-haven trading in the Asian session after China's stock market crash with the Yuan's falling down as reference rate to its lowest level since May 2008. It also rests on profit taking US dollar against many of its rivals. Technically, Gold price continously to rose towards the resistance range between 1137.24-1144.31. But if failed then Gold will retreat back to the support range between 1124.26 - 1117.30. So Analyst suggests that XAUUSD pair today is expected to have the support level at 1111.90 and resistance level at 1149.17
  23. Euro exchange rate movements on Asian session is moving weak against US dollar after the price opened lower at 1.0535 in early trading (0000 GMT), and the Euro exchange rate is now rolling at around 1.0511. Euro still continuing decline after Fed rate hike 25 bp which elevate the dollar against many global currencies. In the European session, there are several economic data releases that could provide positive sentiment for EURUSD pair, PMI manufacturing and services sectors are expected to increase from the previous period. Technically EURUSD bearish fall to around 1.0491-1.0440 and may reached the next support if successfully break it. Many analysts suggested that the EURUSD is estimated to have the support level at 1.0396 and the resistance level at 1.0658.
  24. Gold price movements on Asia session observed to be bullish even after the price of this commodity opened lower at around 1141.73 in early trading, now the price of gold is still rolling at 1142.40. The price of gold was hit pretty big selling pressure continue after the strengthening US dollar high because of the Fed announced 28 bp Fed rate hike. But the energy rebound towards the end of Tokyo session gained from safe-haven sentiment after plunging nearly all stock market, thus making the switch funds to the gold market. Technically, the gold price moves up continuously until the European session up to the range between 1144.18-1147.56. So many analysts expected that XAUUSD normal range for today have the support level at 1116.80 and resistance level at 1167.32.
  25. US Federal Reserve decision to raise interest rates 25 basis points higher to suppress the strong Japanese yen exchange rate, particularly USDJPY. Yen collapsed to its lowest in eight months after US bond yields soaring trade since September 2014. USDJPY rapidly advanced to the highest position of 8 months rests on sentiments of the Fed hawkish as expected by the market and economists. Yen which has fundamentally very weak compared to US dollar became very upset this morning although there were positive sentiment from the data flash manufacturing PMI higher than the previous period and also expectations. The flash PMI data reported by the Markit. For the movement of this pair from now until the end of New York seesion has bigger potential to rise steadily, so many analysts estimated that USDJPY may rise further to around the resistance range between 118.14 to 118.61. But if it does not penetrate these ranges can expect a correction down to 115.92.
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