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myregister

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  1. At the end of trading Tuesday morning (27/09), Rotterdam coal price rise pushed US crude oil price increases. Crude oil prices rose nearly 3 percent in late trading Tuesday morning meeting supported the optimism in the world's largest manufacturer in Algeria to discuss ways to freeze production. At the end of the trading price of coal Rotterdam futures contract for December 2016 is at 65.00 dollars per ton. Commodity prices gained 0.90 dollars or equivalent to 1.40 percent compared to the previous closing. It estimated that Rotterdam Coal futures price movements at the next trade will examine the world's oil producers meeting in Algeria to deal freezing production, which if successfully reached agreement will lift oil prices and support coal prices. The price of coal futures could potentially test the resistance level at 65.50 dollars and then next to around 66.50 dollars. While the suport level which will be test if the price declined is at 64.50 dollars and if able to break it then will fall further to 64.00 dollars.
  2. Crude oil prices rose nearly 3 percent in late trading Tuesday morning meeting supported the optimism in the world's largest manufacturer in Algeria to discuss ways to freeze production. WTI crude futures rose $ 1.26, or 2.83 percent, to $ 45.74 per barrel, Brent crude futures rose $ 1.25, or 2.72 percent, to $ 47.14 a barrel at 14:38 ET, after rallying from a session low of $ 45.74. Members of the Organization of Petroleum Exporting Countries (OPEC) met informally on the sidelines of the International Energy Forum in Algeria from 26 to 28 September, where they will discuss the possibility of an agreement to limit production. Iran, which continues to add production in 2012, before the imposition of Western sanctions were lifted in January, underestimate the chances of a deal, although some other members of the group said they still hope there will be some agreement on how to tackle the world's crude oil surplus. Data from the US Commodity Futures Trading Commission on Friday showed hedge fund managers cut their net long positions in crude oil to its lowest level in a month, has made the biggest weekly additions to their short positions. Sources told Reuters on Friday that Saudi Arabia does not expect a decision to be made in Algeria, while Saudi Arabia has offered to reduce production if Iran limit your own production this year, an offer that Tehran has not responded. Analyst estimates that the price of crude oil at the next trade will look at the development of oil producers meeting in Algeria, which if yielded optimistic results will strengthen oil prices and vice versa. Prices are expected to penetrate the support range betwee $ 45.20 and $ 44.70, and if the price rises will penetrate resistance range between $ 46.20 and $ 46.70.
  3. Crude oil prices rebounded on Monday trading ata Asian session, after Algerian Energy Minister said that it is possible for the cutting or freezing of crude oil this week at an informal meeting of OPEC producers. US crude oil futures price of West Texas Intermediate (WTI) rose 38 cents, or 0.85 percent, to $ 44.80 a barrel after falling 4 percents, in the previous session. Brent crude futures rose 45 cents, or 0.98 percent, to $ 46.34 a barrel, after settling down $ 1.76, or 3.7 percent, on the previous closing. These results came after prices tumbled 4 percent on Friday amid signs Saudi Arabia and Iran was making little progress in reaching a preliminary agreement to freeze production. The signals have been mixed so far whether an agreement on cutting or freezing production is possible.Sources told Reuters on Friday that Saudi Arabia does not expect a decision to be made in Algeria, while Saudi Arabia has also offered to reduce production if Iran limiting its own production this year, an offer that Tehran has not been a response. Crude Oil price at the next trade has the potential to increase if optimism freezing production continues is strong and US dollar continue weakening. Prices are expected to penetrate resistance range of $ 45.30 - $ 45.80, and if the price drops will penetrate support range $ 44.30 - $ 43,80.
  4. CPO futures price in Malaysia commodity exchanges rose on Monday afternoon (09/26). CPO price hike this afternoon supported the weakening ringgit and rising crude oil prices Asian session. Ringgit weakened against US dollar where USDMYR exchange rate rose 0.46 percent at 4.1325. The weakening ringgit makes the price of commodities traded in the currency of the heart to demand is increasing.The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session.Crude oil prices rebounded on Monday trading in the Asian session, after Algerian Energy Minister said that it is possible for the cutting or freezing of crude oil this week at an informal meeting of OPEC producers. 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 rose as much as 39 ringgit, or 1.5 percent and traded at 2,715 ringgit per tonne. CPO futures price movement 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 has potential to test the resistance level at 2,765 ringgit. While the level of support that will be tested if prices decline is at 2,665 ringgit.
  5. The price of tin in Malaysia Stock Exchange rose on Monday afternoon (09/26). The increase in the price of tin supported by the weakening US dollar. The US dollar index weakened this afternoon. Observed US dollar index fell 0.02 percent at 95 459. The weakening US dollar makes the price of tin is sold in US dollars become cheaper, so the demand is increasing alsoTin's futures price commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 19,600 dollars per ton, an increase around 0.8 percent from its previous close at 19 450. Tonight New Home Sales will be release and indicated to be weakening and gives favour to US rivals such as this commodity. If realized, it will potentially depress US dollar. Analyst estimates that Tin's rice has the potential to strengthen further limited by the potential weakening of US dollar. Price will face the resistance level at position 19,800 dollars and if price fall will face support level at 19,400 dollars.
  6. Natural rubber prices at Tocom futures trading on Monday afternoon (26/9) ended up down. Tocom rubber prices triggered weakening the yen's rise.Yen strengthened observed but the result is favouring Yen as the exhcange rate of USDJPY pair fell around 0.10 percent at 100.91. 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 afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract in February 2017 ended lower by -0.5 yen or 0.3 percent to 168.5 yen per kilogram, down from its previous close at 169, 0 yen per kilogram. Analyst then estimates that Runner price movement on the Tocom's trading next session will weaken Yen strengthening potential. Tocom's Rubber futures price will test the support level at 163.00 yen. Prices will meet resistance at 173.00 yen if the price reverses into positive territory
  7. The price of sugar futures on ICE Futures exchange New York weekend early Saturday (26.09) ended flat, only increased slightly.Dealers said the easing of buying began to hold two rallies sharp gains last week. At the close of trading early on Saturday sugar futures for the most active contract is a contract in March 2017 closed up 0.03 percent, or 0.1 percent, 22.70 cents per pound, extending a rally in the previous session following the end with five percents. For the week, Sugar's futures price is still positive, up 1.02 percent on the forecast decline in production and the Fed's decision to keep interest rates remain this September. Raw Sugar futures price estimated in New York rose to potentially further dollar weakness and also to test the resistance level at 23.20 cents and later 23.70 cents. While the level of support that will be tested if prices decline is at 22.20 cents and later 21.70 cents per pound.
  8. Despite the rhetoric of "hawkish" in recent years, policy makers took a vote last week by the results still keep the interest rate unchanged FFR. However, more officials who want more interest rate hikes than it was two years ago with a ratio of 7-3. The Federal Open Market Committee will still meet again twice this year, namely on 1-2 November and 13 to 14 December. Most experts doubt the Fed will change interest rates in November to avoid politically visible in the week before the US presidential election, so now traders are trying to predict whether policy makers will raise interest rates in December. The Fed officials have signaled its interest rate hikes, with "dot-plot" this week showed most policymakers want more interest rate hikes this year and the chairman Janet Yellen said in a press conference that "the possibility of higher interest rates has strengthened ". However, Federal funds futures indicate that the market is almost equally divided on the possibility of an interest rate hike in December. So now, market participants began to monitor the data again to see whether it will be or not be for policy makers to raise interest rates. With the market assumes there will be no immediate interest rate hikes until December, gold traders await economic data coming this week to see whether policy makers will raise interest rates once again end the year. Gold prices opened slightly higher than the closing weekend, but a few moments later there highest profit-taking after gains in the previous 13 trading days. Sentiment undercut the price of gold comes from the strong global stock market indices. It seems that gold able to fall down to the range of 1331.92-1327.48, but if there is a correction the price of gold will rise to a range of 1340.73-1344.26. And when the price fall to the strongest support then the price may further fall down to the next support. So the normal range XAUUSD pair today is expected to have the support level at 1324.97 and resistance level at 1349.30
  9. Cocoa futures on ICE Futures trading late weekend early Saturday (24/09) closed slump. The weakening of cocoa prices triggered rising cocoa crop prospects. "Closing a brief rally has ended in cocoa and we have seen a trend back down towards the allegedly better harvest in November, December," said one trader. Abundant rain and sun in most areas of the major cocoa grower Ivory Coast seems to have improved prospects for the 2016/17 main crop in the world's top manufacturers. Global cocoa production is expected to increase in the coming season, which begins on October 1, has the potential to bring the market into a surplus after deficits are sizeable in 2015/16. At the end of trading last Saturday morning the price of cocoa futures contracts in May 2017 which is the most active contract closed down observed. The commodity price closed down by -61 dollars, or -2.12 percent at 2,816 dollars per ton. Analyst estimates that the price of cocoa futures for the next trade will move in the trend of limited gain potential dollar weakness also able to penetrate the resistance level at 2.870 dollar.
  10. In late trading the weekend early Saturday (9/24), Rotterdam coal price rise pushed the increasing demand of China and coal price projections. Chinese coking coal imports rose sharply in August amid China's domestic coal supply depletion caused by government restrictions on production capacity, forcing many Chinese buyers to overseas markets despite a much higher price. Imports of coking coal to China during January-August was 37.9 million tons, up 17 percent compared to the same period a year earlier, at 32.4 million tons. Goldman Sachs Group Inc. has responded coking coal dramatic rally by forecasting higher prices for commodities this year's best. Spot coking coal rose more than doubled this year to trade above $ 205 per metric ton for the Chinese government's new policy reduces the number of annual working days in the mine.At the end of the trading price of coal Rotterdam futures contract for October 2016 at 66.90 dollars per ton. Commodity prices gained 0.45 dollars compared to the previous closing. Analyst estimates that coal price movement in trading futures Rotterdam potential to rise further dollar weakness supported. The price of coal futures could potentially test the resistance level at 67.40 dollars. While the level of support that will be tested if the price increase is at 66.40 dollars and 65.90 dollars.
  11. The price of arabica coffee futures on ICE Futures exchange at the close of New York trading the weekend early Saturday (24.09) finished down. The decline in arabica coffee prices triggered an increase in production. In Brazil, the top coffee producer, Volcafe said producer and co-operatives have continued to offer large volumes of land for low-quality arabica beans. This week, Conab, Brazil's state agency estimates, revised estimates for the Arabica coffee plant is nearing completion be 41.29 million bags, up from 40.3 million forecast in May, due to better weather in the main growing areas and increased in areas that contribute to plants greater than. Still overall, Brazilian farmers are expected to grow 49.6 million bags of coffee in 2016 as more sour varieties of beans. The estimate fell short of what was expected by many market participants. Arabica coffee futures prices for the most-active contract closed down in December 2016 in the position of 1.5140 dollars, down by -3.85 cents, or -2.5 percent. Analyst estimates that the price movements of Arabica coffee futures at the next trade is projected to rise with a potential weakening of US dollar and to test the resistance level at 1.5400 dollar. While the level of support that will be encountered if the decline is at 1.4800 dollars and 1.4500 dollars.
  12. Pound exchange rate movements on Asia session (04:40:35 GMT / 11:40 GMT) moves positively against the US dollar after this pair opened higher at 1.2968 in early trading (0000 GMT), the exchange rate pound rose 14 pips and rolling values ​​are at 1.2982. Pound on Asia session is technically rebound after the end of the week fell to its lowest level since trading on August 16, 2016. There is no strong fundamental today which will affect this pair movement and make it more expensive considering the US dollar sentiment. GBPUSD will rise steadily to around 1.3004-1.3050, but if there is a correction will fall back towards support. So it seems that the normal range of GBPUSD pair is estimated to have the support level at 1.2873 and the resistance level at 1.3217.
  13. Euro exchange rate movements on Asia session (04:50:35 GMT / 11.55 pm) weakened against the US dollar after opening higher at 1.1230 in early trading (0000 GMT), the Euro exchange rate is now rolling on the position of 1.1227. Euro on Asan session experienced the profit taking trend especially after briefly opening stronger than the end of last week's trading. Euro naturally profit-taking after the previous session's rally for 3 consecutive days. Euro moves consolidation since early trade, but the European session can be a strong move by positive sentiment of economic data to be released. The strong data that will be released is German IFO Climate Business. Technically, EURUSD moved up towards the 1.1245-1.1266 range if the current correction pair did not reach that if cannot reach support. And if it breaks strong support will fall down deeper to around 1.1173. And today is expected to have the support level at 1.1146 and the resistance level at 1.1286.
  14. Getting into Asia session last weekend in September (26/9) US dollar opened lower than the closing position last weekend which managed to rebound from weaker second consecutive days before by crash against the Fed. Last week USD traded naturally depressed by a strong performance of its main rivaland also by Fed stance that does not raise its benchmark interest rate. The movement in the spot market this morning observed only strengthened against the commodity exchange only, while the main rival natural profit taking. Gloomy sentiment against Fed rate hikes still make dollars leave the market and supported by the release of disappointing economic data this evening. In addition there are some fundamental economic data mover for main rivals are expected to provide positive data so that it can add to the rival force to press US dollar. The dollar index, which measures the strength of US dollar against six major currencies trading stronger and still moving after the start of Asia session opened lower at 95.47 and is now the rolling value is fall a bit to 95.43. .
  15. USDJPY pair movement on Asia session (03:10:35 GMT / 10:10 GMT) strengthening against US Dollar after it opened lower at 101.04 in early trading (0000 GMT), and now the pair's rolling value is at 100.95. Yen on Asia session managed to rebound after two consecutive days experienced high enough selling pressure, after seeing the US dollar is still difficult to move strongly by the dismal fundamentals of currency also BOJ last week's fundamental attitude still give negative sentiment. It seems that USDJPY will continue to fall into the range of 100.63-100.35, and if successfully breaks then USDJPY continued to lower level. So the the normal range of USDJPY pair is estimated will have the support level at 100.06 and the resistance level at 101.87.
  16. Aussie exchange rate movements in Asia session (03:30:35 GMT / 8:50 pm) is moving weak against US dollar, after opened higher at 0.7618 in early trading (0000 GMT), and the exchange rate dropped by 2 pips also the rolling value is at 0,7616. Australian dollar exchange rate on early Asia session got a weak sentiment continuing the decline in crude oil prices on weekend, but a rebound in crude oil prices this morning is going to reverse the movement of the currency. Strong signal aussie on Asia session later also came the decline of US dollar still. Fundamentally it seems that AUDUSD will rise to the range of 0.7632-0.7664 if the decrease in pair in the morning did not reach the range of strong support. But if break the support, then the pair will be corrected downwards to 0.7580. So the normal range of AUDUSD pair is estimated to have the support level at 0.7541 and the resistance level at 0.7681.
  17. I see that demo account is pretty much fine for newbie but usually newbies find theirselves are overly confident with their skills, well not all but there are lots of them which you can easily find. In real account it is different cases. Real account consist various type of traders trying to make more money and gain experience at the same time but i agree that most of them pursue the profit.
  18. Sure but would they understand that beside of all thing forex offer to you it also pose some risk which i think is not suitable for most of the people who want to get more secure job? For me this is one of the reason from some where people scared to invest their money in forex which is hinder theirselves to keep thinking and trade in foreign exchange.
  19. It is not that no deposit free money or free bonus which help you. Well if you are a great trader which able to trade with higher output of profit no matter what is your capital you will be able to trade without much problem and this no deposit free money would bring so much benefit to you.
  20. If you don't have any confidence about forex and your skill you can stop or if you insist just invest small dime of your money, since forex is quite generous you can invest in pretty much small number like hundred dollars or about that. If you have big enough of money , forex maybe a good place but you should know the risk about it first so you later able to lower such risk.
  21. Why you should leave your greed while this greed is actually the part of you which you just need to suppress and control? For me greed is something which we must control, it is not thar bad if we are greedy enough, we all trade in forex because we hope to get much profit which make us greedy before, right? I don't say greedy is good but in right amount you can be a better trader. I can say be greedy intelligently.
  22. Aside from foreign exchange flexibility for trader to choose the right time to trade, it also offers high availability of profit which means the profit you could obtain in this business is pretty much limitless, but let me tell you it is not that easy. Saying about this program or talk about it is pretty much easy, when it comes for realization it is pretty much hard.
  23. When asked a question like this then i must answer yes. The credibility for us to get some legit experience without worrying to lose and that is better than nothing. I participate to demo contest because i do believe i can grab at least the third prize but it seems hard because even seasoned traders also join and they show a very good performance with make a high margin profit.
  24. I don't see any reason why foreign exchange is not popular, well it maybe is a risky business but one above all the reason of it that foreign exchange is a legal business despite of the risk it carry on its shoulders. I see eve in 5-7 years forex will be still popular and later will keep increasing its value overall.
  25. Stop Loss is pretty much important for traders no matter what is their status either they are newcomers who just start to trade in real account for few days or months OR they are an experienced or so called veteran seasoned traders. Because stop loss automatized their cut loss and reduce one more workload.
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