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myregister

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  1. The price movement of gold on Asia session (03:00:35 GMT) is still in a bullish position after this commodity price opened lower at 1277.51 in early Asia trading (0000 GMT), and is XAUUSD now riding on at 1283.25. Gold prices on Asian trading session managed to rally back by the weak US dollar trading outlook after the election of Donald Trum became the 45th president. Because the mission vision Trump or less in line with the planned policy the Fed to raise interest rates this year. Technically XAUUSD is moving up to the range between 1290.27-1312.90, but if it does not penetrate these ranges this pair will fall back towards the range between 1275.22-1367.44. So the analyst suggests that the normal range XAUUSD pair today is expected to have the support level at 1256.79 and resistance level at 1320.17.
  2. Cocoa futures at the end of trading on Thursday morning (10/11) closed weak. The weakening of cocoa prices triggered an increase in cocoa crop prospects in West Africa. Cocoa futures were lower with improved prospects for crops in West Africa continue to weigh on prices. Cocoa Ivory Panatai have processed 41,000 tonnes of ore in late October since the 2016/17 season began on October 1, up from 40,000 tonnes in the same period last season, GEPEX exporters association data showed on Wednesday. At the end of trading early this morning Cocoa futures contracts in March 2017 which is the most active contract was observed to be closed down about 0.57 percent at 2,451 dollars per ton. Analyst estimates that the price of cocoa futures for the next trade will move in a limited tendency to weaken the strengthening of the US dollar after the election of Donald Trump as president. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,400 dollar positions
  3. US dollar finally strengthened in late trade on Wednesday (9/11) after Donald Trump rose to US President 45th, back in retreat continued market concerns will be the next American government policy. The market was optimistic on the trading session to consider America's first speech Trump so chasing the dollar back. But fears are not finished with Fed plans to raise interest rates this year appeared on the surface after seeing the vision and mission of the previous Republican president who impede the plan. Seen from an index that indicates a potential Fed rate hike decreased from 70% to 50%. Responding to these conditions and the dollar as well strong projection which driving the force on today's trading of some economic data that is less stable makes many of its main rivals made a strong foothold as euro and yen, in which the two rivals have experienced selling pressure is quite big in 4 consecutive days. Economic data to be released tonight in the form of periods of unemployment claims data last week indicating data less encouraging with a rise in the index of the previous period. To plan the next Fed rate hike might get a strong signal from James Bullard speech in St Louis Fed event held today. The dollar index, which measures the strength of US dollar against six major currencies trading opened weak at 98.64n the trade of Asia session this index actually move near the range of 98.34.
  4. Sugar futures prices closed higher on the ICE Futures exchange trading late New York Thursday morning (08/11). Commodity prices have strengthened supported higher crude oil prices. Crude oil prices closed up at the end of trading on Thursday morning, after the US financial markets bounced back following the surprise victory in the US presidential election. Traders anticipate that higher oil prices will encourage producers prefer to convert sugarcane into ethanol than sugar cane, so the decline of sugar production and increase the price of sugar. At the close of trading early this morning the price closed up 0.14 cents, or equivalent to 0.64 percent at 22.11 cents per pound. Analyst estimates that the price of sugar futures to a subsequent trade with a potentially weak US dollar which strengthening after Donald Trump as president. Prices of raw sugar futures could potentially test the support level Support at 21.60 cents and 21.10 cents.
  5. Australian Dollar exchange rate movements in the Asian session (03:25:35 GMT) moving strongly against the US dollar, after the price re-opened higher at 0.7636 in early trading (0000 GMT), and now the price of AUDUSD revolving around 0.7668. Aussie observed on Asian session rebounded strongly after the previous trading fell quite badly against the US dollar. Aussie received a strong force of momentum weakening US dollar and sentiment release of economic data that was released after the market opened that the data of home loans, which increased from the data contraction the previous period. Technically, the AUDUSD is moving up towards the range between 0.7679-0.7741, but if it does not reach that range then this pair's price will fall towards 0.7628-0.7531 range. So the analyst suggests that the normal range of AUDUSD pair is estimated to have the support level at 0.7514 and the resistance level at 0.7772
  6. Euro exchange rate movements on Asia session (02:10:35 GMT) moving strongly against US dollar, after the price of EURUSD opened lower at 1.0907 in early trading (0000 GMT), and now the price of EURUSD revolving around 1.0946. Euro managed to strengthen on Asia session took a strong foothold on the weakening US dollar after weakening a day after the US presidential election, which was won by Donald Trump. Weak fundamental strength of the US dollar makes euro rebounded, but overshadowed in the European session by the projection of US economic data were less encouraging session. Technically, EURUSD is moving up towards between 1.1008-1.1108 range. But if it is not up to the range described before then EURUSD may fall back towards the 1.0897-1.0820 range. So analyst argued that the normal range for EURUSD pair is estimated to have the support level at 1.0795 and the resistance level at 1.1185.
  7. Pound exchange rate movements on the Asian session (03:15:35 GMT) moving strongly against the US dollar, after this pair's price opened flat at 1.2403 in early trading (0000 GMT), and is now GBPUSD's rolling value is locate at around 1.2415. Pound observed on Asian session trying to continue its strength received from the previous trading when the US dollar finally strengthened at the end of trading. The strength of the British pound gained from the decision to Brexit have the support of the vision and mission of US President newest Donald Trump. Technically GBPUSD will go up to the range of 1.2475-1.2552, but if it is not up to the range, it can be corrected down towards the range between 1.2375-1.2300. So the analyst suggests that the normal range for GBPUSD pair is estimated to have the support level at 1.2125 and the resistance level at 1.2667.
  8. Crude oil prices turned back from early losses to rise higher on Thursday (10/11) as the market recovered from the shock over the surprise victory of US President-elect Donald Trump, although traders said that the fundamentals of crude oil is still weak. West Texas Intermediate (WTI) rose 15 cents, or 0.3 percent, at $ 45.42 per barrel. WTI back down by a rise of 2.4 million barrels in US crude oil inventories to 485 million barrels last week, despite rising refinery production and imports fell, according to the Energy Information Administration (EIA) said on Wednesday. Crude oil futures prices International Brent crude futures traded at $ 46.70 a barrel, up 34 cents, or 0.7 percent. BMI Research said it expected oil and gas industry policy and pro Trump may mean that the US oil and gas production could be recovered at a faster rate in 2017 after growing more encouraged developers. Goldman Sachs said Trump is likely to generate higher investment and, in time, increase US oil production as the new president-elect said he would arrange another fossil fuel production. The bank said Trump threats against the new US sanctions against OPEC member Iran in the short term, will lead to a higher production because "Iran will be more incentive to maximize production in the short term rather than comply with OPEC freezing. " This confirms the doubts over the ability of merchants Organization of Petroleum Exporting Countries (OPEC) and other producers, notably Russia, to coordinate the planned production cut to prop up prices. Shell said that it has also closed a Escravos crude oil flow station in Nigeria's Niger Delta after villagers protested demanding relief. Analyst estimates that crude oil prices could potentially weak if the US dollar continues to strengthen would depress prices. The price is expected to move within the range Support in between $ 43.90 - $ 43.40, whereas if the ride will move in the range of resistance between $ 45,90- $ 46.40.
  9. Oil prices turned tumbled in trading Wednesday (09/11), since the initial calculation shows Republican candidate Donald Trump narrowly won in several important states in the US presidential election. US crude oil futures price of West Texas Intermediate (WTI) fell -1.46 dollars or -3.25 percent, to $ 43.52 per barrel. Meanwhile, Brent crude oil prices or the dollar fell -1.23 -2.67 percent to $ 44.81 per barrel. Elsewhere, a report by the American Petroleum Institute (API) showed crude inventories rose 4.4 million barrels, also weighed on the market. In Asia, oil analyst physical digesting mixed data from China on Tuesday, which showed a decline in crude oil imports and rising exports of processed products. "Imports of crude oil net fell to only 6.8 million barrels per day (bpd) in October, down from 8.1 million barrels per day the previous month. Although this is a drop in a very large, with a level of lowest import monthly since January 2016, it was still up 8 percent year-over-year, "said Barclays. Analyst estimates that crude oil prices will continue to examine the results of the US Presidential elections which if won Trump will continue to fall and vice versa. Prices are expected to move in the range support $ 40.00 - $ 37.00.
  10. The price of CPO in Malaysia commodity exchanges in trading Wednesday afternoon (09/11) was observed to fall. A weaker CPO prices this afternoon triggered weakening crude oil Asia. The price in this session plumetted since the initial calculation shows Republican candidate Donald Trump narrowly won in several important states in the US presidential election. 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 weakened by -21 ringgit or 0.7 percent and traded at 2,822 ringgit per tonne. 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. PO futures contract prices on commodity exchanges has the potential to test the support level at 2,770 ringgit and 2,720 ringgit. While the level of resistance to be tested if there was a strengthening is at 2,870 ringgit and 2,920 ringgit.
  11. The price of tin on Malaysia Stock Exchange fell in trading Wednesday (17/10). Falling prices depressed the strengthening US dollar. The US dollar rose overnight against other major currencies triggered the market's confidence Hillary Clinton victory in the US Presidential election. Strengthening of the US dollar makes commodities traded tin denominated in US dollars to be expensive, so demand decreases and Tin's price declined today, where the price traded at 21,700 dollars per ton, down $ 300 dollars or 1.4 percent from its previous close at 22,000. Analyst estimates that Malaysian tin price movements at the next trade is projected to rise by US dollar weakness. Price will face the resistance level at position 22,000 dollars and 22,300 dollars. But if there is weakening, the price of tin will face a support level at 21,400 dollars and 21,100 dollars.
  12. Natural rubber prices on Tocom futures trade on Wednesday afternoon (09/11) ended down. Weakening Tocom rubber prices triggered a strong yen and weakening crude oil. USDJPY pair fell 2.4 percent rate at 102.62. The strengthening of the yen occurred after US dollar weakened with the prevailing Donald Trump in the US Presidential election vote counting. The increase in the exchange rate of the Japanese yen makes commodities traded in the currency is becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined. 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 afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract in 2017 Aptil ended lower by -1.5 yen or -0.8 percent to 188.3 yen per kilogram, down from its previous close at 189, 8 yen per kilogram. Analysts estimate that the price movement Tocom rubber futures at the next trade is potentially affected by the natural pressure of the potential strengthening Japanese yen. It also has chance to test the support level at 153.00 yen and 148.00 yen. Prices will meet resistance at the level of 163.00 and 168.00 yen if the price reverses into positive territory.
  13. The price of Sugar futures on the commodity exchange ICE Futures US in New York Wednesday morning (09/11) ended sharply lower triggered by the strengthening US dollar. US dollar rose overnight against other major currencies triggered the market's confidence Hillary Clinton victory in the US Presidential election. A stronger dollar makes dollar-denominated commodities sugar becomes more expensive in other currencies, so the demand decreases. At the close of trading early this morning the price of sugar futures observed decline. The price of sugar futures dipped by 1.35 percent at 21.97 cents per pound. Raw sugar futures in New York at the next trade limited the potential to strengthen the potential of dollar weakness if Donald Trump wins the US Presidential election. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the resistance level at 22.50 cents positions and 23.00 cents.
  14. Pound exchange rate movements in the end of European session (08:15:25 GMT / 15:15 GMT) gains a positive move against US Dollar after the price of this pair opened at the lower position at 1.2377 in early trading (0000 GMT), now the pound exchange rate rose around 41 pips and the pair is rolling at 1.2419. The pound price rate is still strong after the European session since the beginning of Asian session sentiment rose by US election results where Donald Trump won and had to go through a range of weak resistance. But after the speech the US president's first pair move down again to the pivot position. Technically GBPUSD moved down towards the 1.2354-1.2282 range. But if there is a correction price may be climbed back to the range of 1.2547-1.2615. So i think that this pair may have the normal range which estimated to be around the support level at 1.2230 and the resistance level at 1.2615.
  15. The movement of USDJPY pair on European session (08:55:35 GMT / 15:55 pm) is sluggish after the price of this pair opened lower at 105.15 in early trading (0000 GMT), and now the pair is moving at around 103.58. The Japanese yen continued to strengthen since the beginning of the Asian session by the momentum of US dollar retreats await the results of the US presidential election which was won by Donald Trump, the retreat movement able to lif USDJPY pair back towards around 104.75. This recommendation will be valid until the Asian session trading tomorrow. Technically, USDJPY is moving up towards the range between 104.25-105.62 and if until the pair will be continued up to the range of 105.62-107.63. So many analysts argued that the normal range for USDJPY pair is estimated to have the support level at 99.96 and the resistance level at 107.63.
  16. Aussie exchange rate movements on European session (08:40:35 GMT / 15:40 GMT) weakened against US dollar, after opening higher at 0.7762 in early trading (0000 GMT), the exchange rate fell 94 pips Aussie and rolling value is at 0, 7668. Aussie entered the European session after trying to move positively respond to the movement of crude oil prices began to rise after a sharp correction to respond to the results of the US Presidential elections that had made US Dollars down. This recommendation applies to the Asian session tomorrow. Technically AUDUSD attempted to climb to around 0.7706 and a break would further towards the range of 0.7739- 0.7792. But if it does not penetrate these ranges will fall back towards the range of 0.7648- 0.7575. So AUDUSD pair is estimated to have the support level at 0.7288 and the resistance level at 0.8060.
  17. Euro exchange rate movements on European session (08:00:15 GMT / 14.00 am) is moving down against the US dollar after this pair's price opened higher at 1.1027 in early trading (0000 GMT), and the Euro exchange rate is now rolling on the position of 1.1107. Euro's rally on Asia session triggered by the fears of global market will be Donald Trump as the new President of the United States, which began to move down after the candidate of the Republican delivered his first speech. It seems that markets are convinced figure businessman Trump is able to lift back the US economy. Technically, EURUSD is falling down right now and heading back towards the first support level at 1.0980, and even fall further to around 1.0975. Many analyst argued that the normal range for EURUSD pair is estimated to have the support level at 1.0924 and the resistance level at 1.1165.
  18. Cocoa futures on ICE Futures trading late Wednesday morning (09/11) closed up. Strengthening cocoa prices triggered marketing decisions Coffee and Cocoa Council (CCC) of the Ivory Coast which delay cocoa further sales. Coffee and Cocoa Marketing Board (CCC) Ivory Coast, further delaying the sale of the 2017/18 crop in the world's top farmers amid falling world prices, CCC and the source of the Ministry of Finance said Tuesday. London and New York cocoa futures have declined since August and has fallen sharply since the beginning of November. New York cocoa reached its lowest level in more than three years on Monday, although prices in New York and London are edging up slightly on Tuesday. At the end of trading early this morning the price of cocoa futures record increase was observed. The commodity price closed up by 20 dollars, or 0.82 percent at 2,465 dollars per ton. It has potential to strengthened by the weakening US dollar and for the next trading price has the potential to penetrate resistance level at 2,520 dollar.
  19. Arabica coffee prices fell in late trading Wednesday morning, triggered from fears of looking at the results of US Presidential elections that have an impact to Coffee.If Donald Trump win the election, the coffee market speculators account for rising euro. Europe is the largest consumer of coffee and a stronger euro is seen as strengthening demand for coffee. The same is not true in all commodity markets. Arabica coffee futures at the close of trading early this morning weakened. Arabica coffee futures prices in December 2016 dropped by 6.85 dollars, equivalent to 3.93 percent and closed at 1.6750 dollars per pound. Analyst estimates that the price of arabica coffee futures for the next trade may rise if the US dollar weakens and if Donald Trump won the US Presidential election. The commodity has the potential to test resistance level at 1.7050 dollar and 1.7350 dollar.
  20. Cocoa futures on ICE Futures trading late Wednesday morning (09/11) closed up. Strengthening cocoa prices triggered marketing decisions Coffee and Cocoa Council (CCC) of the Ivory Coast which delay cocoa further sales. Coffee and Cocoa Marketing Board (CCC) Ivory Coast, further delaying the sale of the 2017/18 crop in the world's top farmers amid falling world prices, CCC and the source of the Ministry of Finance said Tuesday. London and New York cocoa futures have declined since August and has fallen sharply since the beginning of November. New York cocoa reached its lowest level in more than three years on Monday, although prices in New York and London are edging up slightly on Tuesday. At the end of trading early this morning the price of cocoa futures record increase was observed. The commodity price closed up by 20 dollars, or 0.82 percent at 2,465 dollars per ton. It has potential to strengthened by the weakening US dollar and for the next trading price has the potential to penetrate resistance level at 2,520 dollar.
  21. At the end of trading Wednesday morning (09/11), Rotterdam Coal ended weaker because depressed by crude oil prices tumbled. Crude oil prices fell in late trading on Wednesday morning (09/11), after the US stock market climbed higher and cautionary look at the results of voting for the US presidential elections are still ongoing. With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in November 2016 slipped to around 87.10 dollars per ton. Commodity prices decreased by about 0.65 dollars or equivalent to 0.74 percent compared to the previous closing. Analyst estimates that coal futures price movements Rotterdam at the next trade will examine the results of the US Presidential elections, which if won Donald Trump will push the price of crude oil and coal prices are also pressing. The price of coal futures potentially test support level at 86.60 dollars and if able to break it will fall further to around 86.10 dollars. While the level of resistance to be tested if the price increase is at 87.60 dollars and then towards 88.10 dollars
  22. Gold price movements on European session observed to move positively after the price of this pair opened higher at around 1275.75 in early trading (0000 GMT), now the price of gold is still rolling at 1298.05 which may rise higher. European session gold prices are still in a strong position but a negative move as the start lifting the US dollar back little by little after the first speech of US President-date. Technically, gold prices may rise towards 1304.25-1310.91 considering that Trump win the election thus bring some sentiment for US Dollar. So many analysts considering that the normal range for Gold commodity price range to have support level at 1245.66 and resistance level at 1338.17
  23. The price of tin in Malaysia Stock Exchange rose on Monday afternoon. The increase in the price of tin supported by dollar weakness overnight. US dollar slipped on Friday with anxiety ahead of the US presidential election approaching, despite a steady US employment report which supports expectations for Federal Reserve interest rate hike next month. The weakening US dollar makes the price of tin is sold in US dollars become cheaper, so the demand is increasing, with this Tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 21 530 dollars per ton, up $ 380 dollars, or 1.8 percent from its previous close at 21.150. Analyst estimates that tin price movements at the next trade will weaken limited by the strengthening US dollar. Price will face support level at 21,300 dollars and 21,100 dollars. But if there is an increase, the price of tin will face resistance level at 21,700 dollars and 21,900 dollars.
  24. Crude oil prices rose on Monday afternoon (07/11) on Asian session, encouraged bargain hunting efforts utilizing a sharp decline in the previous week which brings the price to its lowest level since early August because of weak fundamentals ongoing. West Texas Intermediate (WTI) rose 64 cents, or 1.45 percent, at $ 44.71 per barrel. WTI reached $ 43.57 on Friday, its lowest since 20th September. Meanwhile, Brent traded at $ 46.16 a barrel, up 58 cents, or 1.27 percent, from the previous close. On Friday, the global benchmark had fallen as low as $ 45.08, the weakest since Aug. 11. Overall market fundamentals remain weak. Analysts said the decline in production is planned to be decided at a meeting on 30 November by the countries of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers such as Russia. There is also a risk that the oversupply of oil, which has dogged the market for the past two years, could continue to rise with the de-facto OPEC leader Saudi Arabia has threatened to increase production again if the upcoming meeting between producers led to no results. In the United States there are also increasing signs of future production as the number of its drilling for new oil refinery to produce gains in 9 so that a total of 450 a week for 4 November, the highest level since February. Analyst estimates that the price of crude oil at the next trade moved up by bargain hunting exploit crude oil prices tumbled. Price Resistance is expected to move in the range of $ 45.20 - $ 45.70, whereas if the price drops will move in the range of $ 44,20- $ 43.70 Support.
  25. After the European markets opened early trading last week (7/11) and some economic data released Euro area member states with a mixed value, EUR is getting weaker once again. So there is no momentum to lift the pair after falling in early trading by sentiment FBI raise US dollars. Negative data came from reports Destatis German and Markit, to report German factory orders and retail performance of the euro area. While positive data come from a report by Sentix investor sentiment. EURUSD opened lower than the previous trading at 1.1060 in early Asian trade where Euro exchange rate experienced a decrease about 5 pips and is now rolling at 1.1055. For the next trade until the close of trading ending the American session tomorrow morning, analyst viewed as technically EURUSD pair is falling down to the range of 1.1044 - 1.1003. But if there is a correction again in the evening session, the pair may rise towards 1.1118-1.1172 range.
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