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myregister
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
TOCOM rubber prices on the trading session on Thursday afternoon (27/10) ended up. The price of natural rubber futures the most active contract for April 2017, which helped to strengthen weaker yen and higher crude oil prices. USDJPY traded up 0.2 percent at 104.63. A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with the weakening of the yen makes commodities traded in the currency become cheaper relative to demand increased, the price also supported by thhe rise in crude oil on Asian trading session. The price of natural rubber in Tocom for the most active contract is to contract this afternoon ended April 2017 increased by 2.9 yen or 1.6 percent at 181.90 yen per kilogram, compared with the previous closing at 179.00 yen per kilogram. The price of rubber Tocom on the next trading day is still the potential to strengthen the weakening Yen. For the next trading session price is expected to meet resistance level at 187.00 yen. The next resistance is at 192.00 yen. Meanwhile if prices weakened position will find support at 177.00 yen and 172.00 yen. -
Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Australian Dollar's profit taking against US Dollar since Asian trading session on Thursday where the price continues to trade during European session after three days strengthening. Sentiment reported that weak chinese Industrial profit which is very strong and push AUDUSD. China is Australia's biggest trading partner countries so that all associated with the country of particular concern for market participants to trade in currency aussie. Australian dollar exchange rate on European session (08:45:45 GMT) observed weakening against US dollar, after the price of this pair opened lower at 0.7648 in early Asia trading session (00:00 GMT), the Australian dollar exchange rate is now rolling at 0.7611. For the next trading session to the end of US session tonight AUDUSD estimated to fall down to around the range between 0.7607-0.7572. But if the price failed to achieve that range in between the the price will corrected up to the range of 0.7651-0.7733. -
Euro exchange rate in the early of Europe session on Thursday has a positive move against US Dollar after the price is exeperiencing a profita taking action on the early of Asia session. It seems that Euro managed to beat all rivals includ US Dollar after the release this afternoon. Spain's national statistics office announced that the state unemployment rate fell to its lowest since 2010, a decline that continues every month throughout 2016. The sentiment is to provide energy for the euro against US dollar, which drove strong pressure since the end of September. Euro exchange rate on Europe session observed strengthening against US Dollar, after the price observed to open lower than previous trading at 1.0906 in early Asia trading session, the Euro exchange rate increase around 37 pips and the price is rolling at 1.0917. For the next trade until the close of American session tomorrow morning, analyst estimates that the EURUSD pair is technically able to rise up to the range 1.0925 - 1.0964. But if there is a correction then this pair will fall down to the range of 1.0888-1.0810.
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British pound exchange rate forex trade the European session on Thursday (27/10) managed to erase losses incurred since the Asian trading session after a strong rebound in print. Energy gained pounds for the rest of weakening the existing trim and also took the winning track against the dollar resulted from the release of UK GDP data for the third quarter prelim 2016. British national statistics office (ONS) announced the country's economic growth during the third quarter and far worse than expected after Brexit market last June. ONS report Q3-2016 GDP prelim data on the natural increase of 0.5%, a figure that exceeds the expected decline although lower than the previous period. Pound exchange rate in this European session strengthened against the US dollar, after opening flat from the previous trading position at 1.2244 in early Asian trade (00.00 GMT), the exchange rate pound fell about 12 pips and the pair is still at 1.2232 , For the next trade until the close of American session tomorrow morning, analyst estimates GBPUSD pair will rise steadily to around 1.2279 - 1.2341. But if there is a correction back and went back down to the range of 1.2193-1.2109.
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Gold price movements on Asian session (05:10:35 GMT / 12:10 GMT) experienced a strong movement after the price opened higher at 1273.30 in early trading (0000 GMT), the gold price is now rolling at 1275.40. Amid weakening dollar, gold price rally that gets the previous trading sentiment of many demands physical gold or bullion. Demand increases are dominated by the Indian consumer is supported by Diwali festival. And at the evening session the dollar received a negative sentiment on new home sales that could raise the price of gold again. Technically, gold prices attempted to climb towards the strong resistance and a break above the range of up to 1281.92. But if price cannot reach that range then gold prices will go down again towards 1271.50-1265.02. So the normal range XAUUSD pair today is expected to have the support level at 1250.94 and resistance level at 1291.95.
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Price of cocoa futures at the end of trading on Wednesday morning on ICE closed up. Strengthening cocoa prices encouraged bargain hunting after the price of cocoa weakened yesterday and also anxiety disorders cocoa crop production. Rain mixed with the sun in most of the main cocoa growing region in Ivory Coast will help produce bigger crops in October-March. But concerns linger arise if these conditions can make the ravages of the disease. At the end of trading early this morning the price of cocoa futures contracts in December 2016 which is the most active contract closed with a record increase was observed. The commodity price closed up by 30 dollars or 1.11 percent at 2,735 dollars per ton. For the next trading price of cocoa futures on ICE Futures New York would potentially penetrate the resistance level at 2,785 dollar. If the resistance level is successfully penetrated then the next level is 2,835 dollars. While the level of support that will penetrate if there is a weakening are at 2,685 dollars and 2,635 dollars.
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Entering the European session forex trading whichh has fundamentally weak pound responds to the political situation of the UK post Hard Brexit managed to strengthen against the US dollar. Pound gained strength from hawkish statement in front of the British parliament and also the latest data from the British Bankers Association. Carney signaled is too dangerous for the British economy if the BOE ease monetary policy quickly. While the latest data from which BBA mortgage aprovals which showed an increase in the data from the previous month period. Pound exchange rate movements seems to weakened against the US dollar, after the price opened lower than the previous trading at 1.2188 in early trading on Asian session (0000 GMT), the exchange rate pound rose about 18 pips and the pair is rolling are at 1.2206 position. For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates GBPUSD pair will continue to rise to the range between 1.2234 - 1.2320. But if there is a correction will fall back into the range between 1.2152-1.2087.
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Gold price movements on Asian session (05:10:35 GMT / 12:10 GMT) experienced a strong movement after the price opened higher at 1273.30 in early trading (0000 GMT), the gold price is now rolling at 1275.40. Amid weakening dollar, gold price rally that gets the previous trading sentiment of many demands physical gold or bullion. Demand increases are dominated by the Indian consumer is supported by Diwali festival. And at the evening session the dollar received a negative sentiment on new home sales that could raise the price of gold again. Technically, gold prices attempted to climb towards the strong resistance and a break above the range of up to 1281.92. But if price cannot reach that range then gold prices will go down again towards 1271.50-1265.02. So the normal range XAUUSD pair today is expected to have the support level at 1250.94 and resistance level at 1291.95.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
In the middle of the European session forex trading Wednesday, US dollar earlier rallied fast to rise to its highest level in 9 months cut off by the strong sentiment that sustains its main rivals. But technically, the US dollar correction is still quite reasonable because the position is still stable in bullish positions. The strength of bullish dollar sentiment derived from a Fed rate hike before the end of the year which is also supported by several high-ranking signal the central bank. And since the Asian session dollar rally continues, then in the evening session later feared to accept the negative sentiment from the US new home sales in September. The pressure started to come on Asian sessio as the respond to Aussie inflation rate, and next come from the movement of the euro responded Mario Draghi statement defending the lax monetary policy. The dollar index, which measures the strength of US dollar against six major currencies trading stronger move after the start of trading the Asian session opened higher at 98.70 and is now moving towards 98.51 highs. -
Poor performance of Euro against US Dollar in the forex market since the beginning of October trading likely will end because technically EURUSD already found a strong foothold to change the trend. Step European session on Wednesday Euro moved positively in the Asian session after a natural profit taking. Euro powered against US Dollar and got a wedge of moving data releases such minor German import prices, consumer sentiment and retail sales data GfK Italy, in response to the statement obtained from Mario Draghi in Germany in his defense of the ECB's monetary policy loose. Economic data showed minor supporting lower data from previous periods and also expectations. Euro exchange rate movements on European session strengthened against the US dollar, after the opening price opened lower lower than the previous trading at 1.0888 in early Asian trade (0000 GMT), the Euro exchange rate of natural increase of 37 pips and is now rolling at 1.0925. For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that technically EURUSD pair will go up to the range 1.0931 - 1.0960. However, if the correction occurs again then the pair will fall in the range of 1.0865-1.0803.
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Oil prices fell about one per cent on Wednesday on Asian session, pressured reports surge in US crude inventories, the increase in production in Nigeria and disagreements among manufacturers about the decline in production to address global supply glut. US crude oil futures prices were at $ 49.42 a barrel, down 54 cents, or 1.08 percent, from Tuesday's close. While the price of Brent crude oil futures fell 43 cents, or 0.85 percent, at $ 50.36 per barrel. Prices reached $ 50.17 earlier in the session, its lowest in three weeks. Crude oil fell this morning after the American Petroleum Institute (API) reported a rise of 4.8 million barrels compared to the expected rise of 1.7 million. The US dollar reached a nine-month peak overnight against a basket of currencies, supported by expectations the US rate will rise by the end of the year, making commodities priced in the greenback expensive for holders of other currencies. Traders said the rift in the Organization of Petroleum Exporting Countries (OPEC) on production cuts are planned later this year also weighed on oil markets.Except for members of non-OPEC producers to join the Russian giant, which leaves the responsibility of potential cuts by Arab producers in the Middle East such as Saudi Arabia, Kuwait and the United Arab Emirates (UAE). Tonight will be released weekly crude inventory data by the US EIA, which indicated an increase, following the previous week's shocking withdrawal occurs. Crude oil at the next trade may decline with the increase in US weekly crude oil inventories as reported API and EIA. The price is expected to move within the range $ 48.90 - $ 48.40, whereas if the price rises will move in the range of $ 49,90- $ 50.40.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Australian Dollar exchange rate movements in the Asian session observed to strengthen against the US dollar, after the price of this pair opened higher at 0.7645 in early trading, the Australian Dollar exchange rate rose by around 50 pips and roll values ​​are at 0, 7695. Pair already successfully passed a range of strong resistance. Aussie at end of the Asian session resumed trading earlier rally that got the support of the Australian inflation data for the third quarter and increased from the previous quarter. These data give confidence to the RBA not to cut interest rates. Technically AUDUSD continued up to the range of 0.7713-0.7734, but if it does not penetrate these ranges and correction down then the pair slid back into the 0.7650-0.7583 range. So the normal range of AUDUSD pair is estimated to have the support level at 0.7535 and the resistance level at 0.7735. -
Tin's price movement on Malaysia Stock Exchange rose on wednesday afternoon(26/10). The increase in the price of tin supported positive sentiment rising Chinese consumer optimism. Consumer sentiment in China edged up to its highest in six months in October by the willingness of consumers to shop increases, a private survey showed on Wednesday. The Westpac Consumer Sentiment Indicator MNI China rose to 117.1 in October from 115.2 in September, Westpac said in a statement. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 20,300 dollars per ton, up $ 200 dollars, or 1.00 percent from its previous close at 20,100. Analyst estimates that tin price movement in next trading has potential to strengthen further limited by the weaker US dollar. Price will face the resistance level at position 20,500 dollars and 20,700 dollars. But if there is a decrease, the price of tin will face a support level at 20,100 dollars and 19,900 dollars.
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The price of CPO in Malaysia Commodity Exchange moves up in trading Wednesday (26/10). CPO price increase followed by gains in oil rival in China's Dalian Commodity Exchange and the Chicago Board of Trade. The January contract for palm on China's Dalian Commodity Exchange rose again on Monday as much as 3.5 percent, touching 5946 yuan ($ 878), the strongest since August 2014. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price rose 34 ringgit, or 1.23 percent and traded at 2,794 ringgit per tonne. CPO futures at the next trade is projected to rise following the increase in oil prices in China and its rival in the Chicago Stock Exchange. CPO futures has the potential to test resistance level at 2,850 ringgit and 2,900 ringgit. While the support which will be tested if the price fall is at 2,750 ringgit and 2,700 ringgit.
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At the end of trading Wednesday morning (26/10), Rotterdam coal price rises driven decline in production in China. The Chinese Government urges major producers to exploit their most efficient mines at full capacity to ensure adequate supply, while the less efficient mines with outdated facilities should be closed, according to a meeting at the National Development and Reform Commission of China, which oversees the planning industry. At a meeting with 16 coal miners, the National Development and Reform Commission (NDRC) of China said the manufacturer they must increase the supply to the market as quickly as possible. At the end of the trading session Coal futures for December 2016 was in a position of 82.85 dollars per ton. Commodity prices strengthened by 0.60 dollars or equivalent to 0.73 percent compared to the previous closing. Analyst estimates that coal futures price movements Rotterdam at the next trade potentially strengthened by the decline in coal supply. However, it should be observed profit-taking take advantage of a surge in coal prices. The price of coal futures could potentially test the resistance level at 83.35 dollars and 83.85 dollars. While support level that will be tested if the price declien at 82.35 dollars and 81.85 dollars.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Natural rubber prices Tocom futures trade on Wednesday afternoon (26/10) ended down. Weakening Tocom rubber prices decline in crude oil prices eroded Asian session. Oil prices fell about one per cent on Wednesday in Asian session, pressured reports surge in US crude inventories, the increase in production in Nigeria and disagreements among manufacturers about the decline in production to address global supply glut. 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 futures fell by 1.71 percent, to 178.4 yen per kilogram, down from its previous close on 181 , 5 yen per kilogram. The price movement on the Tocom rubber futures trading next session will potentially weaken since crude oil that can push prices Tocom rubber. But also need to be observed Yen movements that can affect the price of rubber Tocom. Rubber futures price will test the support level at 173.00 yen and 168.00 yen. Prices will meet resistance at the level of 183.00 and 188.00 yen if the price is in positive territory. -
The price of sugar futures on the commodity exchange on ICE FuturesWednesday morning ended sharply lower triggered by the strengthening US dollar. The dollar reached its highest level in nearly eight months against other currencies amid growing expectations that the Federal Reserve will raise interest rates in December 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 dipped by -0.27 cents or equal to -1.16 percent at 22.93 cents per pound. Raw sugar futures in New York at the next trade limited the potential to strengthen the potential weakening of US dollar. It has the potential to test resistance level at 23.40 cents. While support to be tested if price fall is at 21.90 cents per pound.
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Arabica coffee futures on ICE Futures exchange at the close of New York trading Wednesday morning (26/10) finished up. Arabica coffee price increases triggered by the projected decline Exports of Brazil. Arabica coffee surged to its highest level since February 2015 after Brazil's largest manufacturers slashed export forecasts for 2016 amid growing domestic consumption and the effects of drought. The Cooxupe institutions now see total coffee shipments of 4 million bags this year, the Commercial Director Lucio Dias said Tuesday. That's down from April forecasts of 4.5 million bags amid tight domestic supply. Arabica coffee futures prices for the most active contract in December 2016 closed up at 1.6450 dollar positions, rose 6.60 cents, or equivalent to 4.18 percent. Arabica coffee futures on ICE Futures US in New York at the next trade limited the potential to strengthen the weakening US dollar. Price has the potential to test the resistance level at 1.6750 dollar. While support level that will be tested if price fall down is at 1.5850 dollars.
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Can no deposit free money help you achieve success on forex ?
myregister replied to kaito kid's topic in Forex Newbies
I am considered myself to be an early intermediate trader, especially with the tactics and skills which i've been accumulated since the first time i trade. But well achieving success in foreign exchange is not easy, but without using money is pretty much hard thing to do. You must think twice before doing that. I still recommend to invest around hundred of dollars. -
Regulation, Do this really important for broker?
myregister replied to myregister's topic in Forex Newbies
Obviously regulation is pretty much important for foreign exchange broker, especially to the one who want to be a good one and gain more recognization from traders alike. In my own opinion this is the first thing which i am trying to looking before choose a broker to trade with, with regulation people will look high of you. -
Why more and more traders are choosing to trade CFD
myregister replied to francmorio's topic in Forex General Discussion
CFD is easy to understand and relatively has lower minimum requirement to start this business. Also if you make profit the profit will be bigger than before. It also has lower transaction costs which means that the additional cost of holding a long CFD position over a traditional purchase is only the interest cost Overall it has more advantages than disadvantages. -
If you aren't serious in demo account how can you be serious in real account? I know demo account is like a joke . You make profit there you got nothing, you lose there you got nothing too. But well this is a sandbox, you could experimenting with everything and how it feels to lose one million dollar in one single hit, right? It is just sandbox but important for our future career.
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The possibility for this to occur is high more than what we know. As long as you are ready with consequences for foreign exchange trading as your main job such as you will lose your income if you burnt your account with margin call. As the main job you maybe able to focus more to your trading and can trade all the business days.
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When Did you start your First Trade?
myregister replied to kiranchandra's topic in Forex General Discussion
Right now i am late semester student i remember a bit but not that much. I was young and a bit naive to think i could grab my chance in foreign exchange, but it is not like what i used to think, 3 years from now i was nothing but i learned a lot from foreign exchange and make sure that i won't repeated the same mistake i did in past. -
Pound exchange rate movements towards the end of Asian session moves negatively against US dollar after GBPUSD price opened lower at 1.2238 in early trading (0000 GMT), the pound exchange rate is now fal down about 14 pips and the pair is rolling at 1.2224. Pound fall down on Asia session thanks to profit taking after earlier trading gain strength, pressure from economic data released yesterday showed negative data for the CBI industrial order. Besides reporting the major banks in the UK will pull out of the country due to conditions of Hard Brexit. And the whole day there was minimal strong fundamental data that more closely follow the US dollar sentiment. Technically GBPUSD seems to fall down to the strong support and a break-up down to the weak support at 1.2116. But if there is a correction, the pair may rise to the range between 1.2254-1.2280. So the normal range for GBPUSD pair is estimated to have the support level at 1.2116 and the resistance level at 1.2308