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myregister

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  1. At the end of trading Wednesday morning (19/10), Rotterdam coal price rise pushed the increase in crude oil prices. Crude oil prices ended higher in late trading on Wednesday morning (19/10) supported expectations of OPEC production cuts in crude oil futures lifted from session lows. US crude oil futures price of West Texas Intermediate (WTI) closed up 35 cents or 0.7 percent at $ 50.29, after earlier rising to $ 50.53. Brent crude futures rose 19 cents to $ 51.71 a barrel, down from a session peak of $ 52.09. At the end of the trading price of coal Rotterdam futures contract for November 2016 is at 83.30 dollars per ton. Commodity prices strengthened by 4.60 dollars or equivalent to 5.84 percent compared to the previous closing. Coal futures price movements Rotterdam at the next trade will weaken if the US dollar strengthened realized. The price of coal futures could potentially test the support level at 82.80 dollars and 82.30 dollars. While resistance to be tested if the price rise is at 83.80 dollars and 84.30 dollars.
  2. Natural rubber prices Tocom futures trade on Wednesday afternoon (18/10) ended down. The weakening of rubber prices Tocom hampered profit taking triggered a variety of bearish sentiment. Bearish sentiment came with the rising crude rubber inventories at Japanese ports in 8034 tons to 30 September, up 2.9 percent from last inventory date, data from the Rubber Trade Association of Japan showed on Tuesday. Driven by government spending and a housing boom, China's steady economic growth of 6.7 percent in the third quarter, but the decline of private investment, debt buildup and the risk of property by government restrictions make investors cautious. In today's trading, the price of rubber futures for the most active contract fell by 6.3 yen or 3.44 percent, to 176.7 yen per kilogram. Tocom rubber futures trading on potentially weak next session with the strengthening Yen. However, it should be observed strengthening of the Japanese market and the rise in crude oil that could be supporting sentiment and will test support level at 172.00 yen and 167.00 yen. Prices will meet resistance at the level of 182.00 and 187.00 yen if the price is in positive territory.
  3. Gold price movements on Asian session observed to move down after the price of this commodity opened higher at 1262.60 in early trading, the gold price is now rolling at 1260.75. The price of gold had strong resistant translucent. The gold price was gained a better place by further weakening of its competitor, the US dollar, but fell back by solid Asian stock markets as the respond of stable Chinese second quarter GDP data. And until the evening session gold price fell back by the strength of US economic data were released in the evening session has the potential to elevate US dollar. Technically, Gold will go down towards the range between 1258.28 -1249.26, but if it does not penetrate the range of the price of gold can rise back towards 1266.19-1269.46. So it coud be argued that the normal range XAUUSD pair today is expected to have the support level at 1245.00 and resistance level at 1275.28.
  4. The price of Tin in Malaysia Stock Exchange rose on Wednesday afternoon (19/10). The increase in the price of tin supported the positive sentiment on Wall Street and a strengthening of Europe as well as the steady growth of the Chinese economy. Stocks closed higher in late trading on Wednesday morning quarterly profit driven strong performance of issuers and rising crude oil. European stock exchanges posted solid gains at the close of trading on Tuesday night (18/10), supported a sharp rise in mining stocks, while investors also digested earnings reports issuer. Pan-European index STOXX 600 ended 1.5 percent higher. China's economy grew 6.7 percent in the third quarter from a year earlier, steady from the previous quarter and in line with market expectations, with increased government spending and the property boom offset weak exports. Similarly, the release of the National Bureau of Statistics (NBS) of China on Wednesday (19/10). Analysts polled by Reuters had forecast gross domestic product (GDP) grew 6.7 percent in the period from July to September, unchanged from the second quarter and the first quarter. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 19,800 dollars per ton, up $ 300 dollars, or 1.54 percent from its previous close at 19,500. Tonight will be released the data Building Permits and Housing Starts September indicated ride. If these results are realized, it will strengthen the US dollar. Tin's price at the next trade will weaken limited to the potential strengthening of US dollar. Price will face support level at 19,600 dollars and 19,400 dollars. But if there is an increase, the price of tin will face resistance level at 20,000 dollars and 20,200 dollars.
  5. The price of CPO in Malaysia commodity exchanges in trading Wednesday afternoon (19/10) observed weak. CPO prices dropped this afternoon triggered by strong exchange rate of US dollar against Ringgit. On this afternoon observed US Dollar-Ringgit fall down -0.06% at 4.1897. Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract on the commodity exchanges Malaysia today seems weakening contract price in January 2017 which is the most active contract fell slightly by 2 ringgit or 0.07 percent and traded at 2,712 ringgit per tonne. CPO futures at the next trade may decline with the potential for strengthening ringgit. But the positive trend in crude oil prices and the stable economic growth of China can help the CPO price increase today. This commodity has potential to test resistance level at 2,760 ringgit and 2,810 ringgit. While support level that will be tested if there is a weakening is at 2,660 ringgit and 2,610 ringgit.
  6. The price of arabica coffee futures on ICE Futures exchange at the close of New York trading Wednesday morning (19/10) finished up. Arabica coffee price increases supported arabica coffee production deficit concerns. International Coffee Organization (ICO) estimated supply deficit of 3.3 million bags for the 2015/16 crop year that just ended, thus becoming the second year in a row in which the supply has lagged behind demand. ICO also consider poor crop for Colombia, Indonesia, Brazil and Vietnam in the 2016/17 crop year due to unfavorable weather conditions. Arabica coffee futures prices for the most active contract in December 2016 closed up at 1.5875 dollar positions, rose 1.65 cents, or equivalent to 1.05 percent. Arabica coffee futures on ICE Futures US in New York at the next trade has potential to strengthening as US Dollar is quite weak. This commodity has potential to test support level at 1.5600 dollars and 1.5300 dollars.
  7. Crude oil prices rose on Wednesday afternoon (19/10) in Asian session, boosted by reports of a drop in US crude inventories and OPEC statement said the planned production cuts will be achieved. West Texas Intermediate (WTI) traded at $ 50.75 a barrel, up 46 cents, or 0.91 percent while the price of Brent was at $ 52.13 a barrel, up 45 cents, or 0.87 percent. Crude inventories fell 3.8 million barrels in the week to October 14, becoming 467.1 million barrels, the API reported on Tuesday. Traders said oil's rise was also supported by Mohammed Barkindo, secretary general of the Organization of Petroleum Exporting Countries (OPEC), which expressed confidence about prospects for the planned production cuts following an OPEC meeting on November 30. Barkindo optimistic production cut deal will be reached. The group is hoping that non-OPEC producers, particularly Russia, will cooperate in the production restrictions. Tonight will be released weekly crude inventory data by the US EIA which indicated a decline in US crude inventories. Analyst estimates that the price of crude oil at the next trade is projected to rise by a decrease in crude oil inventories and OPEC production cuts optimism. Price Resistance is expected to move in the range of $ 51.25 - $ 51.75, whereas if the price drops will move in the range of $ 50,25- $ 49.75
  8. The price of sugar futures on the commodity exchange ICE Futures US in New York Wednesday morning (19/10) ends slump triggered by the increased production of sugar cane. Brazil's largest manufacturer of sugar cane is expected to produce about 2 million tons of sugar and import high volumes of ethanol next year because the plant tends to allocate more cane to produce sweetener, according to Datagro consultancy said on Monday (17/10), told Business Recorder on Tuesday (18 / 10). 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 -0.14 cents or equal to -0.60 percent at 23.02 cents per pound. Tonight will be released the data Building Permits and Housing Starts September indicated ride. If these results are realized, it will strengthen the US dollar. Raw sugar futures in New York at the next trade will weaken with the potential strengthening of the US dollar. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the support level at 22.50 cents and 22.00 cents.
  9. Cocoa futures at the end of trading on Wednesday morning closed up. Strengthening cocoa prices triggered fears of production disruption cocoa plants. Cocoa farmers in Ivory Coast said the outlook for the 2016-17 season well but they fear a repeat of last season's severe Harmattan winds could weaken the production. Abundant rain and sun last week in some of the main cocoa growing state will help the tree to reach their full potential for the October to March, but some farmers also complained about the flood. 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 8 dollars or 0.30 percent at 2,698 dollars per ton. Cocoa futures to trade potentially weakening further limited by the potential strengthening of the US dollar and tightening supply. It has the potential to penetrate support level of 2,650 dollar. If the Support level is successfully penetrated the next level is 2,600 dollars.
  10. In the middle of European session forex trading on Tuesday, Euro exchange rate which is trying to move the rally to continue strengthening earlier in Asian session began to slow down and move the consolidation. The lack of a strong fundamental driving force in the European session the euro makes EURUSD pair pull of sentiment. Euro got a positive sentiment on expectations of stimulus pruning decision in 2017 on ECB policy meeting on Thursday this week, but was withdrawn by the positive sentiment that will support US dollar in the US session on expectations of strong US inflation data period in September. On European session EURO exchange rate movements strengthened against the US dollar, after the price opened higher than the previous trading at 1.0999 in early Asian trade, the Euro actually here got an increment around 20 pips and now the rollin value is at 1.1019 For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that EURUSD pair will drop to the range between 1.0990 - 1.0964 if the strength of the euro's rally did not reach that range this pair will rise towards the range between 1.1031-1.1062.
  11. Entering the Europe session, it seems that profit taking is still plagued the US dollar against many major rivals except Yen, so US dollar that were in the peak of 7-month highs fall back. All major rivals except the yen strengthened against US Dollar and under pressure from a strong back and a currency exchange of China. Profit taking has occurred since the early trading last week, and intensified after manufacturing performance reports New York Fed report said decreased from the previous period and also expectations. The lack of strong fundamentals driving yesterday made the US dollar the upper hand when the Fed rate hike expectations appear weak to move. But tonight there is a strong activator which can provide power for the US dollar rebound, US inflation data for September which is expected to show an increase from the previous period. On the other hand overnight weakening dollar also got a sentiment of market considerations re-examine the statement of Janet Yellen and Stanley Fischer. Both the Fed officials have been expecting the Fed rate hike but still need the next consideration again. The dollar index, which measures the strength of US dollar against six major currencies moving trading weak after the start of trading the Asian session opened lower at 97.86 and is now the moving position at around 97.69
  12. After the Office for National Statistics announced solid rise in inflation data of United Kingdom, the British pound exchange rate on European trading session Tuesday (18/10) managed to continue its gains against the US dollar that began earlier trading. Workers rally pound has made a pair GBPUSD surged to 6 days. According to the ONS, the inflation grew 1% on an annual basis in September, compared with analyst expectations for a 0.9% rise and a 0.6% rise in August. On a monthly basis, inflation edged 0.2% higher, in line with expectations and slightly below the 0.3% rise recorded in the previous month. Pound exchange rate movements on European session strengthened against the US dollar, after the price of this pair opened higher than the previous trading which located at 1.2184 in early trading Asian session (0000 GMT), the exchange rate pound rose 85 pips and the price of this pair rolling value is at 1.2269 . For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that GBPUSD pair will continue to rise to the range between 1.2317 - 1.2365. But if it does not reach the range of the pair can be slid back into the range between 1.2207-1.2128.
  13. Entering EU session on Tuesday Australian dollar exchange rate which has rallied for four straight days earlier continued to rise to its strongest in 12 trading days. The strength of the Australian dollar in addition to taking a strong foothold on the momentum weakening US dollar also supported by rising crude oil prices return. Crude oil prices managed to climb back after early trading last week trimmed by the news that Iranian crude oil production increased dismissed sentiment OPEC crude oil production cuts in November. Australian dollar exchange rate movements on European session moves so strong against the US dollar, after the price opened lower at 0.7629 early in the Asian trading session, the Australian dollar exchange rate is now rolling near 0.7677. For subsequent trade to the American trading session this evening, it seems that AUDUSD estimated will continue the trend and will rise to the range between 0.7694-0.7709. However, if not managed to achieve this range will be corrected back to the range of 0.7648-0.7619.
  14. The movement of USDJPY at end of the Asian session is sluggish after opening lower at 103.89 in early trading, and now the pair is at 103.84. Yen entering Asian session was still able to continue trading rally earlier in the week that take a foothold profit taking after the US dollar reached the highest peak of 7 months. US Dollar is under pressure from consideration statements Janet Yellen and Stanley Fischer, Janet said the American economy potentially slipping condition and the need to move aggressively to rebuild. Fische also said yesterday was not easy for the Fed to raise interest rates. Throughout the day the yen still going to move in the US dollar sentiment, and until the evening sessions can be corrected by strong US inflation data. Technically USDJPY move towards the consolidation in the range between 103.63-103.30, but if it is not until this range then the pair will climb back into the range of 104.03-104.54. So it could be argued that the normal range of USDJPY is estimated to have the support level at 102.80 and the resistance level at 104.79.
  15. Cocoa futures price on ICE futures at the end of trading on Tuesday morning (18/10) closed weak. The weakening of cocoa prices triggered large harvest in West Africa. West African cocoa crop region in the world, started twice penen larger, and analysts expect a production increase due to better rains that have supported growth. The first harvest, earlier this year, following an attack produces small seeds dry weather in the region. But concerns about plant diseases occur in top producer Ivory Coast. A disease that causes fruit rot caused by heavy rains in the west and south-west of Ivory Coast has been damaged about a fifth of the cacao plant, the buyer is delivered on Friday. The arrival of cocoa in Ivory Coast ports reached approximately 98,000 tons on Oct. 16 since the start of the season on October 1, exporters estimated on Monday, down from 145,000 tonnes in the same period of the previous season. Analyst estimates that the price of cocoa futures for the next trade will move in trends is limited by fears of attacks rose plants to lower production. For the next trading Cocoa has the potential to penetrate resistance level at 2,680 dollar. If resistance level is successfully penetrated then next level is 2,730 dollars. While support level that will penetrate if there is a decline is at 2580 dollars.
  16. At the end of trading Tuesday morning (18/10), Rotterdam coal price closed up triggered by the weakening US dollar. Record coal prices supported the withdrawal of the US dollar from a seven-month peak reached earlier on Monday. The dollar index was down 0.1 percent at 97.956 after reaching 98.169. 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 ended up at 78.05 dollars per ton. This commodity price increased by 2.70 dollars or equivalent to 3.58 percent compared to the previous closing. Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken with the potential strengthening of the US dollar. Coal futures potentially test support level at 77.50 dollars and 77.00 dollars. While resistance level to be tested if the price increase is at 78.50 dollars and 79.00 dollars.
  17. The price of tin in Malaysia Stock Exchange fell on Tuesday (18/10). Falling prices depressed weakening Wall Street and Europe overnight. Stocks closed lower in late trading Tuesday morning pressure drop in oil prices. Investors were also cautious digest a number of earnings results, the statement of key economic data and Federal Reserve officials. The Dow Jones Industrial Average fell 51.98 points, or 0.29 percent, to finish at 18,086.4. The S & P 500 fell 6.48 points, or 0.3 percent, to close at 2,126.5. The Nasdaq composite index slipped 14.34 points, or 0.27 percent, to close at 5,199.82. European stock markets closed in the red on Monday (17/10) with investors cautious ahead of a meeting of the European Central Bank (ECB) to come and digest corporate earnings and oil prices. The industrial metals prices traded at 19,500 dollars per tonne, a decrease of -80 dollars or -0.41 percent from its previous close at 19 580. Analyst estimates that at the next trade will face support level at 19,300 dollars and 19,100 dollars. But if there is an increase, will face resistance at 19,700 dollars and 19,900 dollars.
  18. Gold price movements on Asian session observed to ascend after the price of this commodity opened higher at 1255.10 in early trading, the gold price is now rolling at 1258.70. The price of gold had strong resistant translucent. Gold prices Asian session still remains in the top rally and weigh on profit-taking that plagued US dollar against many of its main rivals. Besides the weakening dollar due to the re-emergence of doubt the market would be expected Fed rate hike in December, this sentiment is very sensitive to gold price movements Technically, gold will continue to rise towards the range between 1262.55-1267.51, but if the price of this pair cannot reach that range then it will fall down to the range between 1252.49-1245.43. So the normal range XAUUSD pair today is expected to have the support level at 1241.45 and resistance level at 1263.54.
  19. The price of sugar futures on the commodity exchange ICE Futures US in New York Tuesday morning (18/10) ended up triggered expectations of an increase in Indian imports. The increase in the price of sugar futures boosted by hopes that top consumer India will import sugar to meet production deficits that increase the price of white sugar, after a meeting between the government and the commissioner of Indian cane sugar producing areas in India. At the close of trading early this morning the price of sugar futures for the most active contract is a contract in March 2017 was observed to increase. The price of sugar futures closed up the most active rose 0.25 cents, or equivalent to 1.09 percent at 23.16 cents per pound. Tonight will be released September US inflation data indicated increased. If realized, it will strengthen the US dollar. Analyst estimates that the price movements of raw sugar futures in New York at the next trade will weaken with US dollar strengthening. Prices of raw sugar futures on ICE Futures US in New York has the potential to test support level at 22.70 cents. While the resistance level at 23.70 cents and 24.20 cents per pound.
  20. The price of arabica coffee futures on ICE Futures exchange New York at the close of trading on Tuesday morning (18/10) finished up. Arabica coffee price increases supported the weakening of the US Dollar. Arabica coffee price increases supported the withdrawal of dollars from a seven-month peak reached earlier on Monday. The dollar index was down 0.1 percent at 97.956 after reaching 98.169. The weakening US dollar makes the price of arabica coffee is sold in US dollars become cheaper, so the demand is increasing. Arabica coffee futures prices for the most active contract in December 2016 closed up at 1.5710 dollar positions, rose 1.70 cents, or equivalent to 1.09 percent. Analyst Vibiz Research Center estimates that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade potentially weak with the strengthening US dollar and has potential to test support level at 1.5400 dollars and 1.5100 dollars. While resistance level at 1.6000 dollars and 1.6300 dollars.
  21. The price of CPO observed ascend on Tuesday afternoon (18/10). CPO price hike this afternoon supported crude oil prices for the Asian session. Crude oil prices rose on Tuesday (18/10) in the Asian session triggered a decrease in the US dollar and forecasts of market equilibrium. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in January 2017 which is the most active contract rose by 5 ringgit or 0.18 percent and traded at 2,773 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential increase in crude oil with potential to test the resistance level at 2,820 ringgit. While support level that will be tested if prices decline is at 2,720 ringgit and 2,670 ringgit.
  22. Natural rubber prices Tocom futures trading on Thursday afternoon (18/10) ended down. The weakening of rubber prices Tocom hampered by the strengthening yen.vThe Japanese yen traded at 103.79 against the dollar at 11:28 HK / SIN Tuesday from the overnight gains near 104.04 level reached on Monday afternoon in Asia. 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. In today's trading, the price of rubber futures fell by 0.7 yen or 0.38 percent, to 183.0 yen per kilogram, down from its previous close at 183 , 7 yen per kilogram. Analyst estimates that the price movement on the Tocom rubber futures trading next session will weaken with Yen strengthening potential. Commodity prices Tocom rubber futures exchange will test the support level at 178.00 yen and 173.00 yen. Prices will meet resistance at the level of 188.00 and 193.00 yen if the price is in positive territory.
  23. In the middle of European trading session, crude oil prices experienced an increase from the previous trading both for Brent and WTI oil. Robust back in crude oil prices triggered by the depreciation of US dollar against many of its main rivals. West Texas Intermediate (WTI) crude oil rose 0.52 percent to $ 50.39 per barrel. While Brent crude oil futures were at $ 51.95 per barrel, up 43 cents, or 0.8 percent from its previous close. In the past month crude oil prices managed to climb up a translucent back in the range of $ 50 per barrel by agreement of OPEC will cut crude oil production at their meeting in November. The meeting discussed the planned decrease in production of about 1 million barrels per day away from a record production of 33.6 million barrels per day. Analyst estimates that the price of crude oil at the next trade is projected to rise by US dollar weakness. But if US inflation data is good this evening then it will strengthen US dollar and weighed on oil prices. Resistance is expected to move in the range of $ 50.70 - $ 51.20, whereas if the price drops will move in the range of $ 49,70- $ 49.20.
  24. The price of sugar futures on ICE Futures US in New York early Saturday (15/10) ended lower, triggered the latest industry report showed factory Brazil produces more sugar than expected in the second half of September. A survey conducted by the S & P Global Platts showed that sugar production was expected to grow 21% to 2.89 million tonnes. Weakening prices also supported as a report that said UNICA Brazilian mills crush 42.3 million tons of sugarcane, an increase of 4%, compared with an estimated 43.2 million tonnes Platts. Although sugar production in Brazil is still on track to be a record this season, some analysts have recently lowered their expectations due to various factors such as weather and aging plants. At the close of trading early this morning the price of sugar futures for the most active contract is a contract in March 2017 observed decline. The most active price of sugar futures have closed down slightly by -0.01 cents or equal to -0.04 percent at 22.91 cents per pound. Analyst estimates that the price movements of raw sugar futures in New York at the next trade would be potentially weakened by the strengthening US dollar and has the potential to test support level at 22.40 cents and 23.90 cents. While the resistance level to be tested if the price increase is at 23.40 cents and 23.90 cents per pound.
  25. In the middle of the European session forex trading, Euro managed to keep the rebound since the Asian session got an injection of energy from the ECB meeting this week. For important economic data that was released at the beginning of the European session that the region's inflation data in September helped provide support. This week the ECB will discuss monetary policy meeting next Thursday later, this meeting is expected to discuss also the reduction of the volume of the stimulus for the next period after the end of March 2017. This sentiment gives strength to the euro, but the strong sentiment Fed rate hike in the global market can just correcting the strength EURUSD pair if the release of US economic data this evening encouraging. For the next trade until the close of trading ending the American session tomorrow morning, analyst estimated that EURUSD pair will drop to the range between 1.0960 - 1.0928 but there are chance for Euro rebounded if that pair cannot reach that range and will rise to the range between 1.1005-1.1038.
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