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myregister

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  1. Once depressed during two consecutive days, the US dollar weakened last week weekly print the first time managed to rebound strong and weakening the previous cut. Power rebound currencies that have strong fundamentals this month weakening momentum gained from rivals such as the euro and the kiwi dollar. EUR fell quite badly monitored begin trading the Asian session by the failure of the referendum Italy last weekend, because the EURUSD hit Italian Prime Minister Matteo Renzi retreat due to failure in the referendum yesterday. Additionally NZD struck and burdened by the resignation of Prime Minister John Key of New Zealand as a sudden and surprise the market. After the announcement of New Zealand currency fell by 1 percent cut rally two consecutive days earlier. For fundamental drive the dollar throughout the day will come from both the PMI services report by the ISM as well as by Markit. This data is expected to show a positive report and prop up the US dollar rally in the evening session. The dollar index, which measures the strength of the US dollar against six major currencies on Asia session traded at 101.43, after in early trading opened at 100.67 and closed at 100.66 weekends.
  2. In late trading the weekend early Saturday (03/12), Rotterdam coal price slump ended. Coal prices have dropped triggered decrease in Chinese consumption. In the first three quarters of 2016 decreased coal consumption is 68 million tons, or 2.4%. This is not surprising considering what the Chinese government to increase the capacity of renewable energy and reduce pollution from the coal sector. Rotterdam coal price futures sank at 77.95 dollars per tonne decreased by 0.75 dollars compared to the previous closing. Weekly coal prices rose 1.83 percents largely supported the surge in crude oil prices and a weakening US dollar. Tonight will be released November Non-Manufacturing ISM data indicated increased. If realized, it will strengthen the US dollar. Analysts estimate that coal futures price movements at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 77.50 dollars and 77.00 dollars.
  3. The price of tin in Malaysia Stock Exchange fell in trading Monday (05/12). Falling prices depressed exchanges weakening Chinese and Italian referendum results. China's stock market plunged on Monday, with the blue-chip index slumped the most in six months after China's top securities regulator warned against the acquisition of shares. Sentiment prudential broader market also occur because of investors and European politicians worried about the resignation of Italian Prime Minister Matteo Renzi is a new blow to the EU. The price of tin in Malaysia commodity exchanges ended down toda at 21 050 dollars per tonne fall down by 0.47 percent from its previous close at 21.150. Analyst estimates that Malaysian tin price movements at the next trade will move if the weak US dollar strengthened realized. Price will face the support between 20,850 dollars and 20 650 dollars. But if there is an increase, the price of tin will face a support level at 21,250 dollars and 21,450 dollars.
  4. Crude oil prices fell about 1 percent on Tokyo seesion and triggered an increase in the number of US refineries amid concerns that the decline in production was planned as part of the joint action between the producer group OPEC and Russia are probably not at the beginning. Crude oil futures prices of West Texas Intermediate (WTI), the US was at $ 51.15 a barrel, down 53 cents, or 1.03 percent. While the price of Brent crude oil futures traded at $ 53.94 a barrel, down 57 cents, or more than 1 percent, of the last closing them. Traders said the fall in prices triggered by increasing production after an agreement last week between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members Russia to cut production in 2017. The cuts aim to control the flood of supply which has weighed on the market for more than two years. While US energy companies to add new oil production drilling into the seventh month of last week, data from the energy services company Baker Hughes showed on Friday. Saudi Arabia and Kuwait are expected to agree this week to resume oil production, with the potential of 300,000 barrels in daily production, from oil field operated jointly closed between 2014 and 2015 for environmental and technical difficulties. Analysts estimate that crude oil prices for the next trade will weaken limited triggered fears of increased production and still sightings of the implementation of the agreement of OPEC. Prices are expected to move in the range of support between $ 50,65- $ 50.15, whereas if the price rise it will move on the range resistance between $ 51.65 - $ 52.15.
  5. The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (05/12). CPO price increases following the increase in soybean oil as a rival. Soybean futures on the Chicago exchanges traded up. Soybean oil trading on the Chicago Board Of Trade monitored rose 0.27 percent to $ 37.82. Likewise, Palm Olein trade for May 2017 contract on the Dalian Commodity Exchange rose 1.26 percent at 6.266. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. That contract rose as much as 28 ringgit, or 0.91 percent and traded at 3,104 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade has the potential to increase the potential gain in soybean prices on the Chicago Board Of Trade and Dalian Commodity Exchange. It has the potential to test the resistance level at 3,150 ringgit and 3,200 ringgit.
  6. Gold price movements on Asia session after being opened weak move higher at 1179.47 in early trading, now the price of gold is still rolling at 1177.00. The price of the morning session had managed to penetrate the strong resistance range. The price of gold in the end of the Asian session moving retreat after early trading rose by safe-haven sentiment post the results of the referendum in Italy that makes PM Matteo Renzi resigned. In general it seems gold prices retreat towards 1166.94 and a break will go to a range of 1165.02-1161.91. But if it is not transparent in that range will continue to rise to the range 1183.93 - 1193.70. So the normal range on day XAUUSD is estimated to have the support level at 1156.60 and resistance level at 1187.62
  7. The price of arabica coffee futures on ICE Futures exchange at the close of New York trading the weekend early Saturday (12.05) finished up. Arabica coffee price increases supported the weakening of the US Dollar. The dollar index, which measures the greenback against a basket of major currencies, was down 0.13 percent. The US dollar fell on Friday after posting solid gains last three weeks, is expected as a short-term correction, with reports of US non-farm payrolls stirred doubts as to whether the interest rate increases next year. 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 closed up in March 2017 at 1.4580 dollars, up 0.90 cents, equivalent to 0.62 per cent. A weekly basis ICE arabica coffee prices plummeted by around 6.18 percent, largely eroded sentiment is bearish as the strengthening of the US dollar, the increase in surplus production, and also an increase in exports. The price of Arabica coffee futures on ICE Futures US in New York the potential to test the level of support around 1.4300 dollars and 1.4000 dollars. While the level of resistance that will be encountered if the price increase is between 1.4900 dollars and 1.5200 dollars.
  8. Surging crude oil prices in the middle of the European trading session on Monday to lift Australia's leading commodity exchange was not able to lift ADUSD. The drop in the Australian dollar received a negative sentiment of the bond yields decline in those countries. Crude oil prices rose after a successful jump from the weak Asia session, rising to its highest level since July 2015. Likewise trade drive the other pair, the price of copper and iron ore in the international metal market indicate an increase in the price of the previous trade. Australian dollar exchange rate movements on European session depressed against US Dollar, after having opened higher at 0.7453 in early Asian trade session, the Australian dollar exchange rate is now rolling at around 0.7421. For the next session to the end of American trading session this evening, analysts estimate AUDUSD pair may rebound to the 0.7467-0.7498 range which is the resistance. If the correction pair this afternoon did not get through the range of support between 0.7400-0.7373.
  9. The movement of USDJPY pair on Asia trading session is better after the price of this pair opened lower at 113.29 in early trading, and now the pair is at 113.59. This pair also trying to break its resistance. Japanese seems pressured by a decline in Japan consumer sentiment data by the Cabinet office of the country which were significant enough. In early trading sentiment was strengthened by safe haven after the Italian referendum results, but trimmed back by the rise of the US dollar rebound expectations. Technically, USDJPY is moving up towards the range between 114.07-114.76 and if not breaks will fall back to around 112.50 -111.96. So the analyst suggests that the normal range of USDJPY pair is estimated to have the support level at 112.08 and the resistance level at 115.08.
  10. Cocoa futures on ICE Futures trading late weekend early Saturday (05/12) was closed down. Weakening prices triggered an increase cocoa production in West Africa. The weather was ideal in Ivory Coast which is considered to represent the West African push figures higher production thus pushing prices lower in the short term. At the end of trading early this morning the price of cocoa futures contracts in March 2017 which is the most active contract was observed to be closed down. The commodity price closed lower at 0.46 percent at 2,395 dollars per ton. In the weekly price of cocoa fell -0.83 percent, largely triggered by increased production in West Africa, weakening European demand and the strengthening US dollar. Tonight will be released November Non-Manufacturing ISM data indicated increased. If realized, it will strengthen the US dollar. Analyst estimates that the price of cocoa futures for the next trade will move in the trend of weakening limited by the strengthening US dollar. For the next trade has the potential to penetrate the support level at 2,350 dollar . If the Support level is successfully penetrated the next level is 2,300 dollars
  11. The price of sugar futures on ICE Futures exchange in late New York trading the weekend early Saturday (03/12) ended weaker triggered profit-taking investors. Sugar futures fell to four-month lows, as speculators closing their bullish bets on prospects for more balanced global market in the coming year. Retraet was evidenced in a report Friday by the US Commodity Futures Trading Commission, which showed money managers continued to cut their net long bets in the week ending 29 for 168 635, a reduction of 41% from the peak in late September. Many traders rely on the idea that the global sugar market is set to be a deficit in 2016 for the second year in a row, but analysts have argued that they have ignored all the twists and turns in the macro and sugar market fundamentals that will turn a profit this sugar. In Brazil, the sharp decline in the price of ethanol has pushed mills to crush more cane for ethanol instead of sugar production, which leads to higher production. At the close of trading early on Saturday the price of sugar futures for the most active contract is observed decline. It closed sharply lower by 1.24 percent at 19.12 cents per pound. Analyst estimates that the price movements of raw sugar futures in New York at the next trade will weaken by the US dollar strengthening. Prices of raw sugar futures could potentially test the support level at 18.60 cents and 18.10 cents.
  12. Tocom rubber prices in trading Monday afternoon (12.05) finished up. Prices of natural rubber futures for the most active contract, namely in May 2017 ended up driven rise in rubber prices on the Shanghai stock exchange. The most active rubber contract on the Shanghai futures exchange for May delivery rose 140 yuan to 17 990 yuan ($ 2,613.7) per ton in trading Friday night. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 7.5 percent from the previous week, the exchange said on Friday. Natural rubber prices in Tocom for the most active contract increased by 4.35 percent at 239.70 yen per kilogram, an increase compared to the previous closing at 229.70 yen per kilogram. Prices are expected to meet the level of resistance at 245.00 yen. No further resistance at 250.00 yen. Meanwhile if the price drops or failed to touch that lowest line will find support between 235.00 yen and 230.00 yen.
  13. The pound is trading last week moved a long rally resumed until the first day of the European trading session this week by receiving positive sentiment from the business services sector performance report period in November. Previous pound has moved positively by the development of the tug Brexit negotiations between the government and the high court negeir. Markit Services PMI indicator reporting period November United Kingdom experienced an increase in score baikâ from the previous month and also the period of the previous market consensus. Ekspektasikan market index scores are in the position of 54.2, but its value in November by 55.2. In the US session the pair movement may be a correction if the performance reports both by the American services sector and less government Markit survey showed a significant increase in the data. Pound exchange rate movements in the European session is still strong against the US dollar, is now in a position to move the pound exchange rate 1.2720. Analysts see GBPUSD pair could fall towards 1.2613-1.2570 range if the strengthening of the current pair is not to reach the range 1.2755- 1.2835.
  14. The rally of Euro against the US dollar since Thursday (1/12) continues until the beginning of the European session by sentiment tapering ECB continued to be conducted in June 2017 for 6 months according to information obtained various international media sources. But after European markets opened and the Spanish unemployment data announced by the local government, which had touched a euro daily highs over the past two weeks continued to erode ahead of the American session opened this evening. Then the pair EURUSD continued pressure receiving sentiment of US NFP data release is expected to raise the dollar. European session the euro exchange rate movements weakened against the US dollar, after opened lower than the previous trading at 1.0657 in early Asia trade, the Euro exchange rate is now move towards 1.0643, after reaching 1.0689 highs. For the next trade until the close of trading ending the American session tomorrow morning, analyst viewed as technically that EURUSD pair could decline further to around 1.0628 - 1.0604 as the support range. And if it is not until these ranges can climb back towards the range of resistance between 1.0697 - 1.0723.
  15. Crude oil prices slipped on Asia trading session on Friday (12/2) as investors took profit after Brent touched 16-months high on Thursday. Likewise, the OPEC-Russia agreement on the reduction of production raises the questions of how implementation of the agreement. US crude oil futures price of West Texas Intermediate (WTI) at $ 50.63, down 43 cents, or 0.84 percent. Crude oil futures prices International benchmark Brent traded at $ 53.30 a barrel, down 64 cents, or 1.19 percent. Brent crude and WTI futures jumped more than 10 percent since the agreement Wednesday by OPEC members and Russia to reduce crude oil production by a combined 1.5 million barrels per day. Analysts are now focusing their attention on the implementation of the agreement, the first agreement since 2001 by the Organization of Petroleum Exporting Countries (OPEC) and Russia to coordinate production cuts. But traders said the market remains broadly optimistic in the long term of the agreement is designed to help bring the oil market back into balance. Analyst estimates that crude oil prices for the next trade will be weakened by profit taking. Tonight if NFP data will strengthen the US dollar strengthened and weakened oil prices. Prices are expected to move in the range of $ 50,10- $ 49.60, whereas if the ride will move in a range of $ 51.10 - $ 51.60.
  16. Natural rubber prices Tocom futures trading on Friday afternoon observed fall down. The weakening of rubber prices eroded Tocom drop in crude prices. Crude oil prices slipped on Asia session as investors took profit after Brent touched 16-month highs on Thursday. Likewise, the OPEC-Russia agreement on the reduction of production raises the question of how implementation of the agreement. The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased.So the price of rubber futures for the most active contract on May 2017 moved down by 2.20 percent, to 229.8 yen per kilogram. Many analysts estimate that the price movement on the Tocom rubber futures trading next session will weaken the potential weakening of crude oil that can push prices of Tocom rubber. But also need to be observed the Yen movements that can affect the price of rubber Tocom.
  17. The price of CPO in Malaysia commodity exchanges in trading Friday afternoon (12/02) observed fell slightly. The drop in CPO prices this afternoon triggered strengthening Ringgit exchange rate against the US dollar and weaker crude oil prices. On this afternoon observed the weakening US dollar against the ringgit. The rate of US dollar-ringgit pair, down 0.43% at 4.4445. 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 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 fell by 1 ringgit and traded at 3,078 ringgit per tonne. Analysts estimate that the price movement of CPO futures at the next trade may decline with the potential for strengthening ringgit and weaker crude oil. The price movement can also be influenced by global supply and demand conditions.
  18. ICE arabica coffee prices fell in late trading Friday morning (12/02), triggered an increase in coffee exports. Recent data from the International Coffee Organization (ICO) showed that in the twelve months ended October 2016, exports of Arabica reached 71.93 million bags compared to 69.21 million bags last year. Arabica coffee futures prices at the close of trading early this morning weakened. Arabica coffee futures prices in March 2017 dropped by 5.70 dollars, equivalent to 3.78 percent and closed at 1.4490 dollars per pound. Tonight will be released the data the US Non Farm Payrolls November indicated increases and Unemployment Rate for November. If these results are realized, it will strengthen the US dollar. Analyst estimates that the price of arabica coffee futures for subsequent trade potentially weak with the potential strengthening of the US dollar. It has the potential to test support level between 1.4200 dollars and 1.3900 dollars. While the level of resistance that will be encountered if there was a strengthening there is between 1.4800 dollars and 1.5100 dollars.
  19. At the end of trading Friday morning (02/12), Rotterdam coal price slump ended. Coal prices have dropped ignore the rise in crude oil and a weakening US dollar. Coal prices have been hampered by weak profit taking. Profit-taking after Rotterdam coal prices continue to rise this week to reach about 4 percent thus Rotterdam coal price futures for the most active contract is a contract in December 2016 slumped towards 85.15 dollars per ton. Commodity prices decreased by 0.45 dollars compared to the previous closing. Analyst estimates that coal futures price movements Rotterdam at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 84.65 dollars and 85.15 dollars. While the level of resistance to be tested if the price increase is between 85.65 dollars and 86.15 dollars.
  20. After pressure from Asia session continued , the US dollar live conditions of the European session on Friday (2/12) trying to get out of the red zone. Power to rebound began to come slowly by market sentiment among US non-farm payrolls in November as a strong driver of the US dollar. Market consensus expects that NFP data that can add energy to the Fed to raise interest rates in December showed an increase in the data from the previous period. Previous data resides in 161K and market position expected at 175k position, so there is no reason for the market to hunt for dollars back. But sentiment data, which is usually a very fast lift the US dollar, but this afternoon was slow to accept the pressure of the fundamental strength of its rivals. Observed only dollar rose against the euro and swissfranc, due to fundamental weakness of his rival. The dollar index, which measures the strength of US dollar against six major currencies in European trading session were around 100.93, after trading on Asia session opened at 100.94.
  21. The price of sugar futures on ICE Futures exchange in late New York trade on Friday morning (12/2) ended weak triggered a drop in demand of China and India. China has greatly reduced imports because governments have supplies from its warehouse. India says not anticipate the need to import this year even after two years of poor crop stored as inventory remains strong. 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 decline. The most active price of sugar futures have closed sharply lower by 0.45 cents or equal to 2.27 percent at 19.36 cents per pound. Analyst think that the price movements of raw sugar futures in New York at the next trade will weaken the US dollar strengthening. It has the potential to test the support level at 18.90 cents and 18.40 cents. While the level of resistance to be tested if the price increase is between 19.90 cents and 20.40 cents per pound.
  22. ICE Futures price of cocoa futures in late trade on Friday morning (02/12) closed up. Strengthening cocoa prices pushed the projected increase in demand for cocoa. ICCO, the London-based organization said the processing of raw cocoa into cocoa products, known as grinding, down in the 2015-16 season, by 0.3% or 12,000 tons to 4.141 million tons. ICCO said demand will exceed supply by 150,000 metric tons, down from the estimate of August amounted to 212,000 tons. 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 17 dollars, or 0.71 percent at 2,406 dollars per ton. Cocoa futures to trade potentially weakening further limited by the potential strengthening of the US dollar. For the next trading price of cocoa futures would potentially break support at 2,350 dollars. If the Support level is successfully penetrated the next level is 2,300 dollars.
  23. The movement of sterling rally since the second day of trading this week (29/11) and further continues until the beginning of the European session began trimmed ahead of the American session this evening (2/12). Whereas the European session increase UK PMI construction data exceeded expectations trying to add power to rally, but sentiment US NFP data released a few hours longer dominate the forex market. GBPUSD strength since Asia session until the European session gets power from the rest of hawkish statement David Davis, who was a diplomat from the British Conservative Party and now serves as Secretary of the UK Brexit. The Brexit officials said Britain would continue to consider paying dues in the EU in order to get full access to the EU market. GBPUSD on European session is still strong, after opening lower than the previous trading at 1.2587 in early trade on Asian session, GU rate is now moving in the position of 1.2610. Analyst see GBPUSD could fall towards 1.2564-1.2531 range if the strengthening of the current pair is not to reach the range 1.2651- 1.2705.
  24. The price movement of gold on Asia session is still in a weak position after the price of this commodity opened lower at 1172.09 in early trading, and is now riding on the rate of 1174.24. Gold prices on Asia trade are still based on the previous trading positive sentiment that made the US dollar fell quite badly. The rise in gold prices this morning also diupport by the collapse in Asian stock markets. It seems that generally, Gold will drop to the range of support between 1169.81-1163.70 if the price increase is now not transparent range of 1180.32-1186.75. So the analyst suggests that the normal range for XAUUSD pair today is expected to have the support level at 1154.87 and resistance level at 1191.51.
  25. The price of tin in Malaysia Stock Exchange rose on Friday afternoon (02/12). The increase in the price of tin supported dollar weakness overnight. US dollar in late trading this morning weakened against a basket of currencies as traders booked profits after a steady economic data in November and caution ahead of non-farm payroll report on Friday. 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 21.150 dollars per ton, an increase of 150 dollars from its previous close at 21,000. Tin price movements at the next trade will weaken limited by the strengthening US dollar. Price will face the support level between 20,950 dollars and 20,750 dollars. But if there is an increase, the price of tin will face resistance level at 21,350 dollars and 21,550 dollars.
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