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myregister
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The price of arabica coffee futures on ICE Futures exchange at the close of New York trading the weekend early Saturday (10/10) finished up. Arabica coffee price increases supported the weakening of the US Dollar. 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 1.4800 dollar positions, rose 1.60 cents, or equivalent to 1.09 percent. But on a weekly basis ICE arabica coffee prices slumped 2.34 percent, mostly pressured by strengthening US dollar. Arabica coffee futures on ICE Futures at the next trade is projected to rise after the waning of US interest rate hikes. Arabica coffee futures on ICE Futures US has the potential to test resistance level at 1.5100 dollar. While support level that will be encountered if the decline in prices is at 1.4500 dollars and 1.4200 dollars.
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Tin's future price on Malaysian commodity exchange on Monday. Stable prices with investors looking forward to the development of global markets to digest the results of US jobs data offset by weaker Wall Street and investors are also looking at the results of the second debate of US Presidential candidates. The US dollar index fell 0.17 percent after weak US jobs data, eclipsing the expected increases in US interest rates in the near future. But bullish sentiment was offset by the weakening of Wall Street weakened the weekend. The price of tin in Malaysia observed stable commodity exchanges today. Prices of industrial metals have traded at 20.020 dollars per ton, the same as the previous closing on weekends at 20.020. Tin price movements at the next trade is projected to rise by a potential weakening of US dollar after the fading hopes of US interest rate hikes in the near future. Price will face the resistance level at 20,400 dollars. But if there is a decrease, the price of tin will face a support level at 19,800 dollars.
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Sugar futures prices closed up at the end of the ICE Futures exchange weekend early Saturday (10/10). Commodity prices have strengthened by supported US Dollar weakness. The US dollar index fell 0.17 percent after weak US jobs data, eclipsing the expected increases in US interest rates in the near future. A weakening US dollar makes dollar-based commodities sugar became cheaper in other currencies. At the close of early trading on Saturday, the price of sugar futures for the most active contract was observed to rebound. Sugar futures price closed up 0.31 cents, or equivalent to 1.34 percent at 23.42 cents per pound. Sugar futures for the next trade is projected to rise after the waning of US interest rate hikes. Prices of raw sugar futures on ICE Futures in New York has the potential to test resistance level at 23.90 cents and 24.40 cents. While suport to be tested if price declined at 22.90 cents and 22.40 cents.
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Cocoa futures on ICE Futures trading late weekend early Saturday (08/10) closed flat. Flat movement triggered rising price of cocoa grinding cocoa production in Ivory Coast. Companies grinding cocoa at the port of San Pedro Ivory Coast estimates the current annual capacity of 50,000 tons by 25 to 50 percent within the next three years, helped by new tax measures, according to the CEO, on Friday. ICP is one of 12 mills in the West African country that has a combined annual capacity of 720,000 tons. But most produce 60 to 80 percent of it, and the production has been much reduced due to poor quality beans this year. Ivory Coast government announced reducing export taxes several months ago in an effort to encourage and reward the production of large companies that grind locally. It aims to grind half of domestic production in 2020, up from about a third now. Analyst estimates that the price of cocoa futures for the next trade will move in a limited tendency by the weakening US dollar after weak US jobs data. For the next trading Cocoa's futures on ICE Futures has the potential to penetrate the resistance level at 2.835 dollar positions. If the resistance level is successfully penetrated the next level is 2,885 dollars. While the level of support that will penetrate if there is a weakening is at 2,735 dollars and 2,685 dollars.
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practice to be consistent on the profit obtained
myregister replied to rizal83's topic in Forex Newbies
I couldn't agree more with this except that when you want to be a better trader it requires more than just good analytical skills. A top trader must someone who are able to control their emotions, able to manage the money and the risk, and last is just like what you said, good analytical skills to make a better prediction of a currency movement. -
hone your trading with a demo account and a real account
myregister replied to rizal83's topic in Forex Newbies
Yes and honing is the best in demo account and as you can see many will agree with this, just see the concept of demo account. That is a good place for someone who train their skill and make theirselves as the better trader without need to sacrifice nearly everything. -
Well it could be true but in here we need to be careful about this cases too, as far as i know everyone try as the best as they can to make profit but in the end it is all about the timing and race. I know i've been losing many times i lost the count already even use a profitable strategy but lately it is hard to predict the market, it seems that the market is easily swayed by just rumours and sometimes the market is not make sense at all.
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The movement of USDJPY in the end of Asian session still moving strong after the price of this pair opened exactly higher at 103.95 in early trading, and now the pair is located at 103.96 which is the rolling value. Japanese Yen entering the European session with the bearish trend and moves earlier also resume that already fell for eight consecutive days, the market's attention will be US jobs data tonight became increasingly exalted sentiments dollars since it may affect what FED do in future to increase the interest rate or not. Technically USDJPY will rise towards the range between 104.06-104.56, but if it is not until this range then the pair back to the pivot down to strong support at 103.38-102.91 range. So it could be argued that the normal range of USDJPY pair is estimated to have the support level at 102.57 and the resistance level at 104.92.
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The price of CPO in Malaysia commodity exchanges observed rose on Friday afternoon (07/10). CPO price hike this afternoon supported by the weakening ringgit and rising crude oil prices on Asian session. USDMYR exchange rate rose 0.20 percent at 4.1558. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract gained as much as 16 ringgit, or 0.6 percent and traded at 2,595 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit and the increase in crude oil. CPO futures contract prices on commodity exchanges in December 2016 Malaysia has the potential to test resistance level at 2,650 ringgit and 2,700 ringgit. While the level of support that will be tested if prices rise is at 2,550 ringgit and 2,500 ringgit.
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Pound exchange rate movements on early European session (07:45:35 GMT / 14:45 GMT) moves negatively against US Dollar after the price opened lower at 1.2617 in early trading (0000 GMT), the exchange rate pound fell 191 pips and roll values are at 1.2426. Pair already passed a range of support. The pound tumbled on Asian session deep enough to fall 10%, but picked up again but is still at its lowest in 31 years. Although there are strong economic data as the driving force, but the US NFP data release on the evening sessions can be dropped a pound deeper to the lower level. Technically GBPUSD could fall again into the range between 1.2330-1.2011, however if the pair fails to fall then it could rise to strong resistance range. So it could be argued that the normal range of GBPUSD pair is estimated to have the support level at 1.2379 and the resistance level at 1.2859
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The price of arabica coffee futures on ICE Futures exchange at the close of New York trading Friday morning (07/10) ended weak. The weakening of arabica coffee prices depressed by the strengthening of US dollar. The US dollar rose to its highest in more than two months against a basket of currencies after a drop in US jobless claims reinforced the view that the Fed will raise interest rates later this year. The increase of US dollar makes commodities traded in the currency is becoming relatively more expensive for foreign buyers that follow eroded demand weakened. Arabica coffee futures prices for the most-active contract closed down in December 2016 in the position of 1.4640 dollars, down by -1.80 cents or equal to -1.21 percent and tonight will be released the data of US Non Farm Payrolls September indicated increased. If realized, it will strengthen US dollar. Arabica coffee futures price at the next trade will weaken with the potential strengthening of US dollar. The price of Arabica coffee futures has the potential to test support at 1.4350 dollars and 1.4050 dollars. While the resistance that will be encountered if the price rise is at 1.4950 dollars and 1.5250 dollars
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ICE Futures price of cocoa futures in late trade on Friday morning (07/10) closed slump. The weakening of cocoa prices triggered by strengthening US dollar. This currency seems at its highest in more than two months against a basket of currencies after a drop in US jobless claims reinforced the view that the Fed will raise interest rates later this year. A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases. At the end of trading early this morning the price of cocoa futures was observed to be closed down. Commodity prices closed sharply by -41 dollars, or 1.48 percent at 2,738 dollars per ton. Analyst estimates that the price of cocoa futures for the next trade will move in a limited tendency to weaken since there is a potential strengthening of the US dollar. For the next trading price of cocoa futures has the potential to penetrate support at 2,690 dollar. The resistance which will be meet if the price rise is at 2790 dollars.
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The price of sugar futures on the commodity exchange ICE Futures US in New York early on Friday (07/10) ended sharply lower hampered by the strengthening US dollar. US dollar rose to its highest in more than two months against a basket of currencies after a drop in US jobless claims reinforced the view that the Fed will raise interest rates later this year. A stronger dollar makes dollar-denominated commodities sugar becomes more expensive in other currencies, so the demand decreases. But overall the market remains bullish triggered guka production concerns in Brazil, India and Thailand. Thailand's production of sugarcane planting year 2016/2017 are expected to fall 3.2 percent due to widespread drought that will attract refined sugar production is lower as well, the government agency said on Wednesday. Renewed concerns about Thailand has added to concerns that exist about the sugarcane production is falling in India and South-Central region of Brazil. 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 0.70 cents or equal to 2.94 percent at 23.11 cents per pound. Tonight will be released the data the US Non Farm Payrolls September indicated increased. If realized, it will strengthen US dollar. Raw sugar futures in New York at the next trade will weaken with the potential strengthening of US dollar. It has the potential to test the support level at 22.60 cents and 22.10 cents. While the level of resistance to be tested if the price increase is at 23.60 cents and 24.10 cents per pound.
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US crude oil prices ended above $ 50 for the first time since June in late morning trade on Friday, buoyed by news of an informal meeting of OPEC's production cuts and a surprise decline in oil inventories. The price of US crude oil futures closed up 61 cents, or 1.2 percent, at $ 50.44 per barrel, the best closing level since June 9. climbed to a session peak of $ 50.58 on Thursday. Brent crude futures rose 68 cents, or 1.3 percent, to $ 52.54 a barrel at 02:39 ET (1839 GMT), slightly down from a peak of $ 52.65 today and not far from its 2016 $ 52.86 on June 9. Crude oil has risen more than $ 6 per barrel since the OPEC announced informal talks Algeria on 28 September that it hoped to reduce the production to 32.5 to 33 million barrels per day. This will eliminate approximately 700,000 barrels per day of global glut predicted by analysts in 1000000-1500000 barrels per day. A number of OPEC oil ministers plus the Russian Energy Minister will attend an energy conference in Istanbul is expected as pertmuan together informally although they are unlikely to make a new decision, OPEC sources said. "In a bullish market environment is enough to push prices higher," said Commerzbank, which also said Russia would attend a meeting next week in Istanbul producers as encouragement. However, inventories near record highs and the prospect of even modest cuts in the production of the largest exporters of the world may not be enough to encourage a more sustainable rally, analysts said. Overall, analysts said the market was also supported at current levels, mainly due to the decline in production is proposed, announced last week by the Organization of Petroleum Exporting Countries (OPEC). Algerian Energy Minister Nouredine Bouterfa told local media on Thursday OPEC could cut output at a meeting in late November in Vienna with one another cent more than 700,000 barrels per day agreed in Algiers last month, if necessary. Analyst estimates that crude oil prices will further examine the movement of US dollar continued to strengthen if crude prices would depress. Crude oil prices are expected to move in the range between $ 50,00- $ 49.50 which act as support, and if the price rises will move in the range between $ 51,00- $ 51.50 which act as resistance.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Tocom rubber price in trading on Friday afternoon (07/10) finished up. Prices of natural rubber futures for the most active contract, namely March 2017 rose helped by rising crude oil prices. US crude oil prices hold above $ 50 a barrel Friday in Asia session as a whole curve of crude oil forward rose above. The increase in crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon ended in February 2017 rose by 1.05 percent at 173.70 yen per kilogram. Analyst estimates that Tocom rubber price movement in trading has the potential to strengthen further limited by the potential increase in crude oil. However, it should be observed movement of Yen first. Prices are expected to meet resistance at 179.00 yen. No further resistance at 184.00 yen. Meanwhile if the price drops will find support at 169.00 yen and 164.00 yen. -
Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Aussie dollar exchange rate movements on European session forex trading is still natural pressure against the US dollar but few receive power from strengthening against sterling. Against the US dollar, Australian dollar fell to its lowest in the last two weeks while against the British pound rose to its highest level in 3 years. The weakness of Australian dollar against US dollar triggered a global market focus awaits US jobs data and as well as unemplouyment rate in September is expected NFP provides strong power for the Fed to raise interest rates by year end. Seeing the positive sentiment supporting aussie rate today comes from AIG construction index data rose to the expansion area, further rally in crude oil prices long terua lasted until the European session this afternoon. Australian dollar exchange rate is weak against US dollar, after the price opened higher at 0.7586 in early Asian trade, Australian dollar exchange rate is now rolling on the position of 0.7570. For subsequent trade to American trading session this evening, estimated AUDUSD fell again into the range between 0.7557-0.7520, but if there is a correction may rise towards the range between 0.7595-0.7645. -
United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
US Dollar until the European session on Friday (7/10) still prevail in 8-month highs against all major rivals, and entered the fifth day strong rally. The success dollar rallied throughout the week at most accept the sentiments of the fundamental weakness of his rivals. And just two days last rally, the US dollar gained on expectations of positive US economic data that shows the data better than the previous period, as well as tonight's performance data sector US jobs in September is expected to be stronger. Such data as well as non-farm payrolls and US unemployment rate for September, which data showed an increase for the US NFP and unemployment rate are fixed. In the Asian session US Dollar received a power increase of accidents experienced by the trading of pounds that could sink the pair up to 10 percent more. Besides today's few rivals will be minimal driving strong fundamentals such as the aussie and yen. The dollar index, which measures the strength of US dollar against six major currencies trading stronger move after the start of trading of Asian session the price opened higher at 96.64 and is now moving at 96.99. -
Tin's future price in Malaysia Stock Exchange rose on Friday afternoon (07/10). The increase in tin prices supported the rise in prices of tin in LME. Tin's future price closed up around 0.9 percent at $ 20,025. Tin rose more than 17 percent in the third quarter, the largest increase since the third quarter of the year as 2013. The price of tin observed a rise today. The industrial metals prices traded at 20 020 dollars per ton, up $ 140 dollars, or 0.70 percent from its previous close at 19,880. Tonight will be released the data the US Non Farm Payrolls September indicated increased. If realized, it will strengthen the US dollar and make price of Tin is more expensive. Analyst estimates that Tin's prpice movement at the next trade will weaken limited with the potential strengthening of US dollar. Price will face support level at 19 820 dollars and 19 620 dollars. But if there is an increase, the price of tin will face resistance level at 20 220 dollars and 20 420 dollars.
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At the end of trading Friday morning (07/10), Rotterdam coal price rise pushed by US crude oil price increases. US crude oil prices ended above $ 50 for the first time since June in late morning trade on Friday, buoyed by news of an informal meeting of OPEC's production cuts and a surprise decline in oil inventories. The price of US crude oil futures closed up 61 cents, or 1.2 percent, at $ 50.44 per barrel, the best closing level since June 9. climbed to a session peak of $ 50.58 on Thursday. At the end of the trading, price of coal Rotterdam futures contract for December 2016 at 75.20 dollars per ton. Commodity prices strengthened by 1.85 dollars or equivalent to 2.52 percent compared to the previous closing. Tonight will be released the data the US Non Farm Payrolls September indicated increased. If realized, it will strengthen the US dollar. Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken when the US dollar declined to be realized. also has potential to test support at 74.70 dollars. While the resistance tested if the price increase is at 75.70 dollars and 76.20 dollars.
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Gold prices fell in late morning trade on Friday, slipping to the lowest level in four months, pressured by a stronger dollar after US weekly jobless claims fell and ahead of key data jobs that could put the Federal Reserve on track to raise interest rates this year. Initial claims for state unemployment benefits are surprisingly declined 5,000 to a seasonally adjusted 249,000 for the week to 1 October. US dollar rose to its highest in more than two months against a basket of currencies as the data reinforces the view that the Fed will raise interest rates later this year. Spot gold was down 1.1 percent at $ 1251.64 per ounce and touched the lowest since June 24 at $ 1,261.59 in the previous session after manufacturing data exceeded forecasts and comments from Fed officials that there is a strong chance to raise interest rates. US gold futures for December delivery closed down 1.2 percent at $ 1,253 per ounce. The market will now focus on a report non-farm payrolls on Friday, which is expected to show 175,000 jobs were added, according to the median estimate of 100 economists surveyed by Reuters. The potential gold price rose by bargain hunting after continued to weaken. However, it should be observed that if the movement of global stock markets weaken will raise the price of gold. Gold prices are expected to move in the range between $ 1254- $ 1256, whereas if the price drops will move in the range betweeb $ 1250- $ 1248.
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Euro exchange rate movements entering the European session on Friday (7/10) plunged to lows against US dollar in nine weeks by the dismal of Euro fundamental this weekend despite some positive economic data provided support. Even the support of positive data failed to lift euro. This afternoon of some economic data released for the Euro area, just a report from the statistical office Destatis and INSEE that provide data fairly refreshing. The data is the data industrial production in Germany and France, where both the data failed to show a significant increase from the previous data contraction. The positive sentiment that able to lift Euro was not able to defeat the growing sentiment US NFP data projection period in September, which could potentially provide a powerful force for the Fed to raise interest rates so that the end of the year the dollar was getting stronger. Euro exchange rate on Europe session depreciated against the US dollar, after the price opened hgiher than the previous trading at 1.1152 in early Asian trade (0000 GMT), also the Euro exchange rate experienced a decrease about 25 pips and is now rolling at 1.1127. For the next trade until the close of trading in the ending of American session tomorrow morning, analyst estimates EURUSD pair will drop to the range between 1.1099 - 1.1068. And if there is a correction, it seems that this pair will go up to the range between 1.1155-1.1193.
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Gold price movements on Asia session (03:45:35 GMT) to move weaker after the price opened higher at 1267.45 in early trading (0000 GMT), the gold price is now rolling at 1265.20. Gold prices had experienced bargain hunting in early trading after being in 3-month lows, but fell back by the green Asian stock markets and the US dollar. The market is more expensive for US private business performance data that is okay as a power boost expectations the Fed raises interest rates by year end. But in the evening session if a disappointing unemployment claims data is the US dollar retreat. Technically, gold could rise again towards the range between 1271.92-1279.73 if the gold price correction is now not reach the range of strong support. So it could be argued that the normal range for this commodity will be expected at around 1244.36 as support level and resistance level at 1290.28
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At the end of trading on Thursday morning (06/10), Rotterdam coal price rise pushed US crude oil price increases. Crude oil prices reached session highs in late trading Thursday morning, rose to the highest since June, after the US government reported an unexpected drop in weekly crude oil inventories. US crude oil futures prices closed up $ 1.14, or 2.3 percent, at $ 49.83, after earlier rising to $ 49.97, the highest level since June 29. Brent crude oil futures prices rose, 89 cents, or 1.8 percent, to $ 51.76 a barrel, down from the nearly four-month high of $ 52.09 earlier in the session. At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 75.70 dollars per ton. Commodity prices gained 0.10 dollars or equivalent to 0.13 percent compared to the previous closing. Tonight will be released Continuing Jobless Claims Initial Jobless Claims and indicated increases. If realized, it will depress the US dollar. Coal futures price movements Rotterdam at the next trade could potentially increase if the US dollar declines realized. The price of coal futures could potentially test the resistance level at 76.20 dollars and 76.70 dollars. While the level of support that will be tested if prices decline is at 75.20 dollars and 74.70 dollars.
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The price of sugar futures on ICE Futures US in New York early on Thursday (06/10) ended up triggered fears of deficit production in India and Brazil. Production in India is expected to fall about 10 percent from a year ago as higher production in Uttar Pradesh were offset by lower production expected in Maharashtra and Karnataka. Brazil's latest estimates for the processing of sugar cane has been at the lower end of the 605-630 million tons estimated by the Sugar Cane Industry Association of Brazil at the beginning of the season in April, and this decreased from last year 617juta tons. While the outlook for demand for sugar rose after Egyptian Prime Minister said the country will import 400,000 tonnes of sugar. 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 have closed and surged by 0.55 cents, equivalent to 2.36 percent at 23.81 cents per pound. The price movements of raw sugar futures has potential to rise with the weakening US dollar. Raw Sugar futures on ICE Futures has the potential to test the resistance level at 24.30 cents. While the support level which will be tested at 23.30 cents and 22.80 cents per pound.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Tocom rubber price in midday trading Thursday (06/10) observe to rise higherp. Natural rubber futures prices for the most-active contract gained ie March 2017 triggered by the strengthening of the Tokyo stock exchange. The Nikkei index rose about 0.6 percent this afternoon, supported gains on Wall Street and a surge in crude oil overnight. The movement is still weak yen also supported the index. Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon in March 2017 moved up by 1.5 yen or 0.9 percent at 172.10 yen per kilogram, an increase compared to the previous closing at 170.60 yen per kilogram. Tocom rubber price movement at the next trade will rise helped by the strengthening of the Tokyo stock exchange and the potential weakening Yen and for the next trading session price is expected to meet resistance at 177.00 yen. No further resistance at 182.00 yen. Meanwhile if the price drops will find support at 167.00 yen and 162.00 yen.