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myregister

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  1. myregister
    The price of sugar futures on ICE Futures exchange New York weekend early Saturday (28/11) ended up pushed by positive sentiment. The increase in sugar prices supported by the weakening US dollar. US dollar fell against major rivals on Friday as investors took advantage of the withdrawal of US bond yields. A weakening US dollar makes dollar-based commodities sugar became cheaper in other currencies. The increase in sugar prices was also driven by strong physical demand after the recent decline due to tight supplies of sugar. Dealers said that continued tight supply in Brazil for this season. The price of sugar futures the most active closed up 0.26 cents, or equivalent to 1.33 percent at 19.84 cents per pound. Weekly ICE sugar prices still fall by 1.54 percent, largely depressed strengthening US dollar and technical corrections. Raw sugar futures in New York at the next trade will weaken the strengthening of the US dollar with expectations of rising US interest rates. It has the potential to test the support level at 19.30 cents and 18.80 cents. While the level of resistance to be tested if the price increase is at 20.30 cents and 20.80 cents per pound.
  2. myregister
    In the end of late seesion last week, US Dollar fell from its highest level in 13 years ago. But on a weekly basis are still able to strengthening against its main rivals on a weekly basis except weakened against safe havens such as the yen exchange rate and swissfranc. Last week the US dollar is getting speeding from the previous week's trading by sentiment power rate hike in December the US central bank. The sentiment was intensified after reports that hawkish FOMC minutes and also some positive economic data support. This week, US dollar is expected to grow stronger with many major mover catalyst which will be released this week and bolster sentiment Fed rate hike as the data prelim Q3 US GDP and non-farm payrolls in November. Both the data is expected to show the data that increased from the previous period. The dollar index, which measures the strength of the US dollar against six major currencies last week's trading ended at 101.48. Seeing movement throughout November has been move strongly about 3 percent. This week generally USDX is expected to move in the range of 101.56 to 102.12 as resistance.
  3. myregister
    Euro exchange rate movements on Asia session is moving its rally against the US dollar after the price opened higher at 1.0612 in early trading, and Euro exchange rate is now rolling at around 1.0669. This morning the pair has managed to pass a range of strong resistance. Euro into the Asia session tried to continue the rally since this weekend as respond to dollar position which being depressed and also waiting for ECB QE signal 2017 from Mario Draghi's speech in the European parliament. EURUSD rally could continue until the American session the deserted landing propulsion US dollars. Generally, EURUSD may rise in the range of 1.0700-1.0749. But if it is not like that then EURUSD will be corrected to the range of 1.0573-1.0486. EURUSD pair is estimated to have the support level at 1.0448 and the resistance level at 1.0705.
  4. myregister
    Gold price movements on Asia session observed move in relatively stronger after the price opened lower at 1186.87 in early trading, now the price of gold is still rolling at 1191.90. Gold on Asia session still showing a strong movement that considers the position of US dollar weakness as it continues against many of its main rivals. Besides Asian stock markets were in the red region, so the market is trying to brought the money into the gold market by buy it. Generally it seems that Gold may continue to rise towards the range of 1201.88-1207.36 and a break will rise again above 1208. However XAUUSD pair today is expected to have the support level at 1159.98 and resistance level at 1208.28.
  5. myregister
    The price of tin in Malaysia stable exchange trading on Monday. The stable price after Wall Street reached record highs. Stocks hit record highs in late trading weekend early Saturday (26/11), helped by increased activity during the Black Friday retailer issuers encourage post-election rally. The price of tin in Malaysia observed stable today. The industrial metals prices traded at 21,100 dollars per ton, the same as the previous closing on weekends at 21,100. For this month tin prices jumped 5 percent, which is supported by a variety of bullish sentiment that the rise of Wall Street reached record highs and global production deficit. Analyst estimates that Malaysian tin price movements at the next trade potentially weakened by the strengthening US dollar potential with expectations of US rate hike in December. Price will face the level of support at 19,900 dollars and 19,700 dollars.
  6. myregister
    The price of arabica coffee futures on ICE Futures exchange at the close of New York trading the weekend early Saturday (26/11) ends slump. The weakening of arabica coffee prices triggered a decrease in Brazilian Reals. At the weekend trade, the currency pair USDBRL rose 0.95 percent at 3.4210. Weak currencies in producing countries tend to make coffee prices remain low in the near future. When the Brazilian real weakened against the US dollar, prompting producers to sell to achieve higher returns for goods denominated in local currency. The price of arabica coffee futures for the most active contract closed down to 1.5540 dollars, down by 1.46 percent. The price of Arabica coffee futures on ICE Futures US in New York the potential to test the level of support in the position of 1.5200 dollars and 1.4900 dollars. While the level of resistance that will be encountered if the price increase is in the position of 1.2800 dollars and 1.6100 dollars.
  7. myregister
    Crude oil prices in Asian trade on Monday (28/11) trying to rise after steep losses made since Friday in choppy trading ahead of a planned OPEC producers on Wednesday aimed at curbing global oversupply. US crude oil futures price of West Texas Intermediate (WTI) fell 11 cents, or 0.24 percent, to $ 45.95 per barrel. While the price of Brent crude oil futures traded at $ 47.14 per barrel on, down 10 cents, or 0.21 percent. The recovery came after the price fell more than 3 percent on Friday, and then continue on Monday morning. Prices have fallen because of a dispute between the Organization of Petroleum Exporting Countries and non-OPEC exporters like Russia over who should cut production and how much to control global oversupply. Exceeded the planned production cuts, Morgan Stanley said that the US dollar is the main driver of oil prices. 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 $ 45,50- $ 40.50.
  8. myregister
    Crude oil prices move weaker in Asian trade on Friday (25/11) due to uncertainty ahead of a planned OPEC production cuts and thin liquidity following the Thanksgiving holiday in the US. US crude oil futures price of West Texas Intermediate (WTI) was at $ 47.60 a barrel,fall down about 36 cents or 0.75 percent. Crude oil futures prices International benchmark Brent traded at $ 48.54, fall down about 46 cents, or 0.94 percent. Traders said market activity is low due to the US holiday, while there is a reluctance to take big bets prices directly because of uncertainty about oil production cuts are planned, led by the Organization of Petroleum Exporting Countries (OPEC). Analyst estimates that crude oil prices for the next trading sentiment will move close watch on OPEC production cut deal and the movement of the US dollar. Prices are expected to move in the range of $ 47,10- $ 46.60, whereas if the ride will move in a range of between $ 48.10 - $ 48.60.
  9. myregister
    Since US market holiday on Thanksgiving Day, US dollar strength cut slowly and enter the European trading session on Friday where it was weakened against many of its main rivals except GBP. The decline in US bond yields make the post-holiday market stock exchange to sell the key global currency. Sentiment for Fed plans to raise interest rates in December still provide power for the dollar to move positively until Asian session. Markets choose profit-taking against the dollar weigh less strong catalyst driving the dollar at the evening session. Economic data to be released in the US session is an activator of the minor so it is difficult to provide recruits for the US dollar. The dollar index, which measures the strength of the US dollar against six major currencies European trading session was moving in position of 101.32, after opened at 101.71.
  10. myregister
    Gold price movements on Asian session opened lower at 1183.45 but after that make a strong movement make the price to the higher price and now the price of Gold still rolling at 1177.70. Gold prices consolidating on Asia session after a bearish signal by strong expectations of Fed rate hike in December, thus reinforcing the strength of US dollar itself which mastered the global forex markets. Furthermore the price of gold weighed down by the strong stock market indices in Asia. Technically, the gold price will fall down towards 1169.64-1199.90. However a break of R1 it will rise again towards the range of 1220.05-1225.83. So the normal range XAUUSD pair today is expected to have the support level at 1167.26 and resistance level at 1199.01.
  11. myregister
    Euro exchange rate movements on Asian session consolidated against the US dollar after price of this pair opened higher at 1.0553 in early trading (0000 GMT), and the Euro exchange rate is now rolling at around 1.0564. Euro enter the Asia session where this commodity is trying to drove the positive trend and until the European session expected to remain strong responds powerful mover of the minor Italian retail sales data as well as the development of the political situation some large area member states. Technically, EURUSD moved up to around 1.0590-1.0650 and however if the price failed to do that then price will do the vice versa with fall into the range of 1.0521-1.0471. And the analyst suggests that the normal range of EURUSD is estimated to have the support level at 1.0418 and the resistance level at 1.0649.
  12. myregister
    Enter the European session Australian Dollar managed to extend the rally that has been formed the previous trading. Taking a foothold weak US dollar made strong rally for Aussie in six trading days. To travel this week, AUDUSD is gain weekly gain after two straight weeks of depressed. Australian Dollar rally also gained from higher gold prices boosted metal prices were also a mainstay of the country's commodities such as copper amid falling crude oil prices. Copper prices in international commodity markets today was appreciated 1.07% and spot gold prices rose 0.74% LLG now. Aussie movement that seeks rally since the Asian session started truncated in the middle of the European trading session on Wednesday (23/11) by the market sentiment will hold data sheet of the Fed meeting this month. Markets expect a strong signal the central bank raising interest rates in the United States meeting in December. The weak US dollar is strong foothold to jump after a few days many pressing global currencies after rising expectations of Fed rate hike expectations in December. For the next trading session to trade in the US tonight, AUDUSD pair will go up to the range of 0.7483-0.7502. But if the retreat will be down to around 0.7386.
  13. myregister
    The price of tin in Malaysia Stock Exchange slumped in trading Friday (25/11). Falling prices depressed concerns US rate hike in December which is continuing to strengthen the US dollar. Minutes of the meeting of the US Federal Reserve officials yesterday gave the signal for the Fed is ready to raise US interest rates this December. This sentiment continues to strengthen the US dollar. Strengthening of the US dollar makes commodities traded tin denominated in US dollars to be expensive, so demand decreases. The price of tin in Malaysia observed commodity exchanges declined today. The industrial metals prices traded at 21,100 dollars per ton, fall around 1.4 percent from its previous close at 21,400. Analyst estimates that Malaysian tin price movements at the next trade potential with the potential of strengthening the weak US dollar. Price will face the support level at 19,900 dollars and 19,700 dollars. But if there is an increase, the price of tin will face resistance level at 21,300 dollars and 21,500 dollars
  14. myregister
    The price of CPO in Malaysia observed commodity exchanges rose on Friday afternoon (24/11). CPO price hike this afternoon supported by the weakening ringgit. Observed Ringgit weakened against the US dollar where USDMYR exchange rate rose around 0.17 percent at 4.4678. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. Meanwhile, CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. Price rose as much as 22 ringgit, or 0.7 percent and traded at 3,026 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 3,080 ringgit and 3,130 ringgit.
  15. myregister
    Japanese yen exchange rate movements rebound since Asian session on Friday until this afternoon European trading session, which began receiving a strong energy from the release of BOJ inflation data which increased from the previous period on an annual basis. Safe haven trade was formed to respond to the drop in crude oil prices that make moving European stock markets opened higher after a negative from the previous trading. Because this is a safe haven sentiment USDJPY pair depressed the first time after three straight days of driving. Yen on European session strengthened against the US dollar, USDJPY opened lower at 113.34 in early trading and observed to fall down about 31 pips and the pair rolled at 113.03, so USDJPY may fell again to the range 112.25 to 111.80. And if there is a correction, the pair may bounce back towards the range 114.24.
  16. myregister
    At the end of trading Friday morning (25/11), the coal price closed Rotterdam dropped, helped by bargain hunting. Bargain hunting going on after the previous trading price of coal dropped around 3.6 percents due to the strengthening US dollar. The easing of US dollar strength with his off Thanksgiving Day commemorating the US market prompted investors to buy coal. Rotterdam coal price futures for the most active contract is a contract in December 2016 ended up at 82.25 dollars per ton. It surge about 5.45 per cent compared to the previous closing. Coal futures price movements Rotterdam at the next trade potentially weak with the potential increase in the US dollar by strengthening expectations of rising US interest rates.The price of coal futures potentially test support level at 81.75 dollars and 81.25 dollars. While the level of resistance to be tested if the price increase is at 82.75 dollars and 83.25 dollars.
  17. myregister
    Natural rubber prices Tocom futures trading on Friday afternoon fall down. The weakening of rubber prices eroded by the drop in crude prices. Crude oil prices move weaker in Asian trade ddue to uncertainty ahead of a planned OPEC production cuts and thin liquidity following the Thanksgiving holiday. 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, Rubber price futures for the most active contract is a contract in April 2017 fall down by 1.30 percent, to 235.6 yen per kilogram. Analyst estimates that the price movement on the Tocom rubber futures trading next session will weaken the potential weakening of crude oil that can push Rubber. But also need to be observed Yen movements that can affect the price of rubber Tocom. Rubber price may test the support level at 231.00 yen and 226.00 yen.
  18. myregister
    The price of arabica coffee futures on ICE Futures exchange at the close of New York trading Thursday morning (23/11) ends slump. The weakening of arabica coffee prices triggered a decrease in Brazilian Reals. In yesterday's trading, USDBRL rose 1.06 percent at 3.3891. Weak currencies in producing countries tend to make coffee prices remain low in the near future. When the Brazilian real weakened against the US dollar, prompting producers to sell to achieve higher returns for goods denominated in local currency. Arabica coffee futures prices for the most-active contract closed down in March 2017 at 1.5770 dollars, down by -4.15 cents or equal to -2.56 percent. The price on ICE Futures US in New York has potential to test support at 1.5500 dollars and 1.5200 dollars.
  19. myregister
    ICE Futures price of cocoa futures at the end of trading on Thursday morning (24/11) closed down slightly. The weakening of cocoa prices triggered an increase in cocoa crop prospects in West Africa. Cocoa futures were lower with improved crop projection in the top grower Ivory Coast so as to maintain a defensive market. In 2017, Rabobank Outlook report predicted global cocoa surplus in the second row in 2017-18. At the end of trading early this morning the price of cocoa futures was observed to be closed down. The commodity price closed down slightly by 1 dollars at 2,439 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 2.390 dollar . If the Support level is successfully penetrated the next level is 2,340 dollars.
  20. myregister
    Tocom rubber prices on the trading session Thursday afternoon (24/11) finished up. Prices of natural rubber futures for the most active contract, namely April 2017 helped to strengthen the yen weakened. USDJPY observed weaken and traded around 112.82. 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. The price increased 9.3 yen or 4.1 percent at 238.80 yen per kilogram, compared to the previous closing at 229.50 yen per kilogram. Analyst estimates that Tocom rubber price movements on the next trading day may still appreciate the weakening yen. Price resistance at 244.00 yen and further resistance at 249.00 yen. Meanwhile if lower prices will find support at 234.00 yen and 229.00 yen.
  21. myregister
    At the end of trading on Thursday morning (24/11), Rotterdam coal price dropped . Coal prices have eroded by the strengthening US dollar. The increase in the US dollar makes the coal Rotterdam price to be expensive so the demand is getting stronger. Rotterdam coal price futures for the most active contract is a contract in December 2016 slumped at 78.00 dollars per ton. Commodity prices decreased by -2.90 dollars, equivalent to -3.58 percent compared to the previous closing. Coal futures at the next trade potentially weak with the strengthening US dollar. However, it should be observed profit-taking after prices plummeted. The price of coal futures potentially test support level at 77.50 dollars and 77.00 dollars.
  22. myregister
    The surge in oil prices when OPEC cut production success to be extinguished due to supply surged back, according to the head of the International Energy Agency. If the members of OPEC agreed to curb supply at their meeting next week, the price could rise to $ 60 per barrel and triggered a spike in global output, mainly from the US, oil producers of materials shale. Increased production due to rising oil prices could put pressure on prices again within nine months to a year. Brent crude, a global benchmark, has rebounded about 10 percent from three-month low earlier this month in which oil is traded at prices near $ 50 a barrel up to the 30th of November during a meeting of the Organization of the Petroleum Exporting Countries in Vienna, where the ministers will try to impose restrictions on supplies that have been discussed at a meeting last September. Oil prices on the London Futures Exchange, traded at $ 49.02 a barrel at 07:18 in London. This is the first time in history, oil prices declined for a third year in a row that a greater impact would be felt in a few years time. WTI crude oil production reached a peak in June last year, when the country produced an average 9.61 million barrels per day, but has since dropped about 10 percent to 8.69 million barrels per day. IEA warned earlier this month that prices could retreat if OPEC fails to enforce the production cuts were "significant".
  23. myregister
    The hawkish FOMC minutes release and the data on durable goods orders in October has made the US dollar mastered forex market trading to enter the European session on Thursday (24/11). The second catalyst is a strong activator of the added confidence in the market the Federal Reserve will raise interest rates at their last regular meeting in December this year. Sentiment Fed rate hike is very steady sentiment amplifier provides power to drive the US dollar throughout the year to reach the highest position in the last 13 years. In the FOMC minutes last night said the US central bank was ready to normalize monetary policy has long been lax until the first decade. The US dollar therefore very confident will continue speeding up the end of the trading session the night though with less liquid trading due to exchange holiday. As the market focus throughout the day waiting for the release of the German Ifo Business Climate for a while longer. The dollar index, which measures the strength of the US dollar against six major currencies on European trading session was moving in position of 101.89, after trading the Asian session opened at 101.68.
  24. myregister
    The price of CPO in Malaysia observed commodity exchanges rose on Thursday afternoon (24/11). CPO price hike this afternoon supported the weakening ringgit. USDMYR exchange rate rose about 0.34 percent at 4.4598. 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 on February 2017 rise as much as 66 ringgit, or 2.2 percent and traded at 3,020 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit. Price has the potential to test the resistance level at 3,070 ringgit and 3,120 ringgit.
  25. myregister
    The price of tin on Malaysia Stock Exchange rose on Thursday (22/11). The increase in the price of tin tin pushed by global production deficit. Global tin market reported a marginal deficit of 26.6 kt during the first nine months of this year, according to latest figures from the World Bureau of Metal Statistics. Asian production reached 206.70 kt during Jan-Sept '16, slightly lower when matched with a production of 209.10 kt during the same period last year. The price rise today and traded at 21.400 dollars per ton, an increase of 400 dollars or 1.9 percent from its previous close at 21,000. Tin price movements at the next trade will weaken limited to the potential strengthening of the US dollar. Price will face the support level in between 21,200 dollars and 21,000 dollars. But if there is an increase, the price of tin will face resistance level at 21,600 dollars and 21,800 dollars.
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