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myregister

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  1. myregister
    The price of CPO in Malaysia commodity exchanges in trading Wednesday afternoon (30/11) was observed to fall. A weaker CPO prices this afternoon triggered the decline of the Chinese consumer optimism. The Westpac Consumer Sentiment Indicator MNI China slipped back in November, dropping 1.9% to 114.9 from 117.1 in October. This decline following an increase promised in the previous two months that began as a rebound from the lows affected by the weather in August, according to the release on Wednesday. The decline of the Chinese consumer optimism has prompted concern weakening demand from China. CPO price most active contract on the commodity exchanges Malaysia today seems to weaken by 0.8 percent and traded at 3,026 ringgit per tonne. CPO futures contract prices would potentially be depressed and test the support level at 2,975 ringgit and 2,925 ringgit.
  2. myregister
    Tocom Natural rubber prices trade on Wednesday afternoon falling down. Weakening Tocom rubber price slump dampened by China's consumer optimism. The Westpac Consumer Sentiment Indicator MNI China slipped back in November, dropping 1.9% to 114.9 from 117.1 in October. This decline following an increase promised in the previous two months that began as a rebound from the lows affected by the weather in August, according to the release on Wednesday. The decline of the Chinese consumer optimism has prompted concern weakening demand from China. So on today's trading, the price of rubber futures for the most active contract , namely contract in May 2017 declined by 12.1 yen to 227.8 yen per kilogram. Analyst estimates that the price movement of Tocom rubber futures trading next session potentially weakened by the decline of the Chinese consumer optimism. But also need to be observed Yen movements that can affect the price of rubber Tocom.
  3. myregister
    The price of sugar futures on the commodity exchange ICE Futures US in New York Wednesday morning (30/11) sagged, eroded weakening crude prices. Crude oil prices fell as much as 4 percent in late trading on Wednesday morning (30/11) doubts eroded OPEC's agreement to cut production in order to reduce global oversupply. 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 price of sugar futures have closed the most active dipped by -0.28 cents or equal to -1.40 percent at 19.66 cents per pound. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the support level at 19.20 cents and 18.70 cents. While the level of resistance to be tested if the price increase is between 20.20 cents and 20.70 cents per pound.
  4. myregister
    ICE Futures price of cocoa futures at the end of trading on Wednesday morning (30/11) closed up. Strengthening cocoa prices triggered by the weakening US dollar. The US dollar fell a third consecutive day against all major rivals despite the increase in the data prelim Q3 2016 US GDP above expectations. 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 closed most actively monitored and recorded an increase. The commodity price closed up by 13 dollars, or 0.54 percent at 2,415 dollars per ton. Tonight will be released the data ADP US Employment Change November indicated increases. If realized, it will strengthen the US dollar. Analyst estimates that the price of cocoa futures for the next trade will weaken by the US dollar strengthening. Cocoa futures on ICE Futures New York has the potential to penetrate the support level at 2,365 dollar. If the Support level is successfully penetrated the next level is 2,315 dollars.
  5. myregister
    Crude oil prices rose slightly in Asian trade on Wednesday (30/11) ahead of the OPEC meeting, with member manufacturers try to discuss a deal to cut output to curb oversupply has made the price plunged by more than half since 2014. US crude oil futures price of West Texas Intermediate (WTI) rose 29 cents, or 0.64 percent, at $ 45.52 per barrel. Crude futures international benchmark Brent traded at $ 46.82 a barrel, up 44 cents, or 0.95 percent. Traders said the market was uneasy, and that price will depend on developments at a meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna today. Crude oil tumbled nearly 4 percent in the previous session because of a dispute between Saudi Arabia, Iran and Iraq on the details of the planned cuts. Despite the disagreements, most analysts still expect some form of agreement emerged. Crude oil prices for the next trade will be looking at the results of today's OPEC meeting in Vienna. If an agreement is reached it will lift production cuts in crude oil prices and vice versa. Prices are expected to move in the range of $ 44,50- $ 43.50 Support, whereas if the ride will move in a range Resistance $ 46.50 - $ 47.50.
  6. myregister
    Crude oil prices fell in Asian trade on Tuesday (29/11) amid doubts that OPEC producers will be able to complete the decline in production during a meeting on Wednesday to control the excess global supply and support prices. US crude oil futures price of West Texas Intermediate fell 38 cents, or 0.81 percent, at $ 46.70 per barrel. Meanwhile, crude oil futures prices International benchmark Brent traded at $ 47.80 a barrel, down 44 cents, or 0.91 percent. Organization of Petroleum Exporting Countries (OPEC) will hold a meeting in Vienna on Wednesday (30/11) to discuss plans for production cuts in an effort to curb oversupply and decreased to half price since 2014. With a high degree of uncertainty will be the last 24 hours before the meeting, the volatility of oil prices is expected to be high. There is still disagreement among OPEC members related how many cuts production charged to each member state, and plans to bring non-OPEC oil giant Russia to participate so far has failed. Crude oil prices for the next trading will move to respond to weak uncertainty in OPEC production cuts. But if there is an optimistic sentiment today related production cuts in OPEC, will raise the price. Prices are expected to move in the range of $ 46,20- $ 45.70, whereas if the ride will move in a range between $ 47.20 - $ 47.70.
  7. myregister
    Cocoa futures on ICE Futures trading late Tuesday morning closed down slightly. Weakening prices triggered an increase cocoa production in West Africa and the weakening demand in Europe. Cocoa futures fell to their larger production in West Africa and reports of weakening demand, particularly in Europe, with the bearish sentiment that has been seen in the grind data is weak in recent quarters. Trade market and the new crop harvest is underway. Ghana purchasing reports have been good so far, but the arrival of the Ivory Coast has been less than expected. Weather in West Africa has featured a lot of rain, and powerful production. Production from the area has been high and is likely to be higher. Conditions in the growth of almost all the main production area is better than the previous year. At the end of trading early this morning the price of cocoa futures was observed to be closed down. Commodity prices closed slightly lower around 0.54 percent at 2,402 dollars per ton. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,350 dollars. If the Support level is successfully penetrated the next level is 2,300 dollars
  8. myregister
    Natural rubber prices Tocom futures trading on Tuesday afternoon (29/11) ended down. The weakening of rubber prices eroded Tocom drop in crude prices. Crude oil prices fell in Asian trade on Tuesday (29/11) amid doubts that OPEC producers will be able to complete the decline in production during a meeting on Wednesday to control the excess global supply and support prices. 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. In today's trading, the price of rubber futures fell by 1.40 percent, to 239.9 yen per kilogram, down from its previous close on 243.3 yen per kilogram. Commodity prices Tocom rubber futures exchange will test the support level at 235.00 yen and 230.00 yen. Prices will meet resistance at the level of 245.00 and 250.00 yen if the price is in positive territory.
  9. myregister
    The price of CPO on Malaysia commodity exchanges in trading Tuesday afternoon (29/11) was 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 depreciated by 1.3 percent and traded at 3,037 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. Price movements can also be affected by currency movements Ringgit and the global supply and demand conditions. CPO futures contract prices on commodity exchanges in February 2017 Malaysia has the potential to test the support level at 2,990 ringgit and 2,940 ringgit. While the level of resistance to be tested if there was a strengthening is between 3,090 ringgit and 3,140 ringgit.
  10. myregister
    The price of sugar futures on the commodity exchange ICE Futures US in New York early Tuesday morning (29/11) ended up triggered by the strengthening of the Brazilian Real that undercut sales of the largest manufacturers in the world. At the close of trading yesterday the Brazilian Real currency strengthened against the US dollar. Brazil's real gained 1.1% against the dollar in recent trading. The strengthening of the Brazilian Real is the bullish sentiment for commodity prices denominated in US dollar, making exports less attractive in the local currency. Brazil is the world's top producers of sugar. At the close of trading early this morning the price of sugar futures was observed to increase. The price of sugar futures the most active closed up 0.50 percent at 19.94 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. It has the potential to test the support level at 19.40 cents and 18.90 cents.
  11. myregister
    Euro area exchange rate movements against the US dollar has edged past few days, in the middle of the European trading session was observed to still consolidating since trading opened on Tokyo session. ECB President Mario Draghi speech before parliament fails to provide power for the exchange rate of the region's currencies. After the European markets opened, EURUSD could move positively respond to the release of some encouraging economic data. However, the consolidation of multiple data released such as Spanish inflation data, the price of imported German and French consumer spending increased, less able to fight the strong sentiment signals Fed rate hike in December by the US GDP data Q3-2016 tonight. For the next trade until the close of trading ending the American session tomorrow morning, analyst viewed as technically that EURUSD pair could fall back to the range of 1.0564 - 1.0497. And if it is not until these ranges can climb back towards the range of 1.0638 - 1.0696 which act as supports.
  12. myregister
    At the end of trading Tuesday morning (29/11), Rotterdam coal price rise pushed the increase in crude oil prices. After earlier falling as much as 2 percent, mintah oil prices surged in early trading after Iraq's oil minister said the country would cooperate with the group to reach a deal to cut output. At the end of the trading price of coal Rotterdam futures at 79.05 dollars per ton. Commodity prices strengthened by 2.50 dollars or equivalent to 3.27 percent compared to the previous closing. Tonight will be the second estimation data released third-quarter US economic growth that indicated increases. If realized, it will strengthen the US dollar. Furthermore, the coal price futures could potentially test the support level at 78.50 dollars and at the level of 78.00 dollars. While the level of resistance to be tested if the price increase is between 79.50 dollars and 80.00 dollars.
  13. myregister
    The US Dollar is moving strongly since the beginning of the Asian trading session on Tuesday (29/11), the oncoming trying to cut the attenuation experienced during two consecutive days. The dollar gained strength of sentiment Fed rate hike in December, which will be strengthened by the USA GDP prelim report third quarter of this year. Prelim GDP data that will be reported to the Statistical Office of the US in the evening session data expected to show increase from the preceding quarter. US second quarter GDP was in a position of 2.9%, while expectations for the report tonight at position 3%. Against its main rivals until the European session, monitored strengthen the movement is still limited. Because in this session there is some economic data mover that is strong enough to lift the euro and sterling exchange rates. The dollar index, which measures the strength of US dollar against six major currencies European trading session was moving towards around 101.25, after trading the Asian session opened at 101.15.
  14. myregister
    Sterling in early trading last week's retreat by profit-taking after rallying 3 consecutive days last week, a strong rebound in the middle of the European trading session after UK economic data released encouraging. Increased positive UK economic data post Brexit often be a leap for pound exchange rate, as it did last week managed to rally after Q3 GDP report as well as business investment. The Bank of England (BOE) announced some of data that drives the semi-major for GBPUSD pair such as data mortgage aproval in October, consumer credit same period, the data M4 money supply data and net lending individuals. All these data showed an increase exceeding expectations, torn pair GBPUSD jumped up again. Analyst see GBPUSD pair could continue to rise towards the range between 1.2482-1.2561. But if it does not penetrate these ranges and correction can descend towards the range between 1.2375- 1.2340.
  15. myregister
    Amid the strong dollar exchange rate against its Rivals on Asia session in recent weeks made a fortune as a hedge for Australian Dollar, but on the other hand could have been depressed by the depletion of the capital of China as a major trading partner of the country. And as one of the exchange rate of Asia Pacific region, the Australian dollar was able to move stronger against the US dollar also supported by strengthening commodity prices. At the beginning of Asia session, Australian dollar exchange rate could move strongly by rising crude oil prices ahead of the European session but was cut by the decline in crude oil prices around the world . Other than that Yuan exchange rate under pressure from US dollars so little give fears the stagnant business between the two countries , For subsequent trade to the American trading session this evening, analyst estimates AUDUSD pair may be driven down to the range of 0.7451-0.7419 which act as the 1st and 2nd support line . And if there is a correction back will rise towards the range between 0.7507-0.7523.
  16. myregister
    Japanese yen rally which lasted two consecutive days since US dollar tumbled last week by a decline in US bond yields, stalled since entering Asia session on Tuesday (29/11) up to the European session. Back lifting USDJPY pair is driven by a strong sentiment despite Fed rate hike at the beginning of the session trying reinforced by a hefty Japanese economic data such as data on consumer spending and the performance of the domestic retail business. Trumponomics sentiment since the presidential election has made US dollar Stronger on forex market throughout the world such as Europe and Asia, which consequently suppress exchange rates in Asia. But Yen had strengthened a few days after receiving the support of safe haven trading post unstable market conditions. And at the evening session sentiment rising interest rates the US central bank is expected to be intensified after a US government report that will report the condition of the country's economic growth in the third quarter. For the movement of the pair until the end of the evening session trading has the potential to rise, so the analyst estimates that USDJPY may be further rise again to the range between 112.96 to 113.81. And if there is a correction, the pair may fall back towards the range between 111.40-110.90.
  17. myregister
    Arabica coffee prices rose in late trading Tuesday morning (29/11), triggered the strengthening of the Brazilian currency, the Real. At the close of trading yesterday the Brazilian Real currency strengthened against the US dollar. Brazil's real gained 1.1% against the dollar in recent trading. 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. It rose by 1.25 dollars or equivalent to 0.80 percent and closed at 1.5665 dollars per pound. Tonight will be the second estimation data released third-quarter US economic growth that indicated increases. If realized, it will strengthen the US dollar. Arabica coffee futures for subsequent trade potentially weak with the potential strengthening of US dollar. The price of Arabica coffee futures on ICE Futures US in New York the potential to test the level of support at 1.5300 dollars and 1.5000 dollars. While the level of resistance that will be encountered if there was a strengthening is between 1.5900 dollars and 1.6200 dollars.
  18. myregister
    The price of Tin in Malaysia Stock Exchange fell on Tuesday. Falling prices depressed by weakening Wall Street and Europe Stock overnight. Stocks fell in late trading Tuesday morning by depressed weakening financial sector and investors kept close watch on oil prices ahead of a key OPEC meeting November 30th. European markets closed lower in late trade on Monday night in the midst of political uncertainty in Italy and examine plans OPEC production cuts. The price of tin in Malaysia commodity exchanges ended down today and traded at 21 030 dollars per ton from its previous close at 21,100. Tonight will be the second estimation data released third-quarter US economic growth that indicated increases. If realized, it will strengthen the US dollar. Analyst estimates that Malaysian tin price movements at the next trade will move if the weak US dollar strengthened realized. Price will face the level of support at 20,800 dollars and 20,600 dollars. But if there is an increase, the price of tin will face resistance level at 21,200 dollars and 21,400 dollars.
  19. myregister
    Pound exchange rate movements on Asia session was still moving strongly against US dollar after the price opened higher at 1.2472 in early trading, the pound exchange rate is now rise about 5 pips and the pair is rolling at 1.2519. The pair have managed to penetrate a range of daily resistance. Pound entering Asia session tried to rally back to continue the trend of the previous trading, amid lack of catalysts driving the currency. So that the GBPUSD pair is predicted to move bullish. Generally, GBPUSD rise towards 1.2549-1.2596 and if the pair breaks 1.2596 will rise to 1.260. But if not breaks that range then it will fall into the range of 1.2439-1.2368. So the normal range on the GBPUSD pair is estimated to have the support level at 1.2328 and the resistance level at 1.2553.
  20. myregister
    In late trading the weekend early Saturday, Rotterdam coal price closed up triggered by the weakening US dollar. US dollar fell against major rivals on Friday as investors took advantage of the withdrawal of US bond yields and short week to consolidate the gains that have pushed the currency to a peak of nearly 14 years. 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 rise towards 82.40 dollars per ton by 0.15 dollars or equivalent to 0.18 percent compared to the previous closing. Analyst estimates that coal futures price movements Rotterdam at the next trade potentially weak with a potential drop in crude prices depressed uncertainty ahead of OPEC production cuts this November 30th. The price of coal futures potentially test support level at 81.90 dollars and 81.40 dollars.
  21. myregister
    Australian Dollar Exchange rate movements on Asia session observed strengthening against US Dollar after the price opened lower at 0.7445 in early trading, Aussie exchange rate in this seesion has been rose around 33 pips and the rolling values are at 0,7478. Aussie on Asia session was able to resume the previous trading rally, supported by rising commodity prices featured the country. This morning received the strength of the pressure experienced by the US dollar. Generally, AUDUSD rise towards the range of 0.7494-0.7531 and if the pair breaks 0.7531 then will rise further towards the range of 0.7534-0.7579. So analyst argued that the normal range for AUDUSD pair is estimated to have the support level at 0.7335 and the resistance level at 0.7534.
  22. myregister
    The movement of Japanese Yen against US Dollar on Asia session is weak after the price opened at 112.79 higher than previous position on the early session, because of that the price is keep rising and right now USDJPY traded at 113,41. USDJPY on Asia session is moving stronger as the respond to the Nikkei Index which is still weak which impacted the forex market at the same time. Aside from that the other factor is US Dollar which give more pressure since the early opening of the market. Technically, this pair may dropped down towards 111.11 up to 110.30 and if the price able to break 110.30 it will fall deeper towards 109.00. But if failed the price may break 113.18 up to 114.10. So it could be say that USDJPY today has the support level stop at 110.55 dan resistance at 114.96.
  23. myregister
    Tocom rubber prices in the afternoon trading session on Monday finished up. Prices of natural rubber futures for the most active contract, namely April 2017 rose compelled to higher income of Chinese industry. Profit growth in the industrial sector of China rose in October, helped by strong sales and higher prices, suggesting a further strengthening of the second largest economy in the world, although the growth was skewed toward heavy industry with high pollution. Chinese industrial profits rising expectations of increased demand for commodities provide Tocom rubber in China and Natural rubber prices in Tocom for the most active contract, rise by 2.7 percent at 243.30 yen per kilogram, an increase compared to the previous closing at 236.90 yen per kilogram. Tocom rubber price movements on the next trading day may still appreciate the increase in Chinese industrial company profits. For the next trading session price is expected to meet the resistance level at 248.00 yen . With the breakout the price may rise to resistance at 253.00 yen.
  24. myregister
    The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (28/11). CPO price hike this afternoon supported the weakening ringgit. Observed Ringgit currency weakened against the US dollar. Couple USDMYR exchange rate rose 0.10 percent at 4.4622. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. CPO price most active contract seems to have increased. The most active contract rose as much as 0.7 percent and traded at 3,054 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit. It has the potential to test the resistance level at 3,100 ringgit and 3,150 ringgit.
  25. myregister
    Cocoa futures on ICE Futures trading late weekend early Saturday (26/11) was closed down. Weakening prospects for increased cocoa prices triggered global surplus outlook for cocoa plants. Dealers said that conditions remain favorable for crops in West Africa and that many of the estimated global surplus for the 2016/17 season. 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 -24 dollars, or -0.98 percent at 2,415 dollars per ton. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,365 dollar positions. If the Support level is successfully penetrated the next level is 2,315 dollars.
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