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myregister
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Crude oil prices surged 3 percent in late trading weekend early Saturday supported the statement was optimistic Russia for suspending production, also after reporting weaker growth in the US non-farm payrolls in August could depress US Dlar. But crude oil futures remained on track for big weekly loss on fears of a global glut. The US dollar index weakened after the jobs report, making oil and other commodities denominated in dollars more affordable for holders of the euro and other currencies. West Texas Intermediate rose $ 1.28, or 2.97 percent, at $ 44.44 per barrel, on track for a 7 percent weekly decline, meanwhile Brent rose $ 1.27 to $ 46.72 per barrel but was on track for a decline of more than 6 percent during the week. Crude oil rose earlier after Russian President Vladimir Putin told Bloomberg agreement between oil exporters to suspend production will be the right decision to support the market. The report published on the same day Russian Energy Minister Alexander Novak understate the potential to discuss the possibility of freezing production. The number of oil refineries operating in the US rose 1 with a total of 407, marking the ninth rise in 10 weeks after a flat reading last week, according to a weekly count of the energy services provider Baker Hughes. At this time last year, the drillers operates 662 oil refineries. In addition, the US supply will return to the market as some manufacturers in the eastern part of the Gulf of Mexico restart operations offshore because of the storm Hermine landed in Florida and weakened to a tropical storm. It seems that the price of crude oil at the next trade is projected to rise helped by the weakening of US dollar after weak US NFP data which will diminish the US rate hike expectations. Prices are expected to penetrate the Resistance range between$ 45.00 - $ 45.50, and if the price drops will penetrate Support range between $ 44.00 - $ 43.50.
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In late trading the weekend early Saturday (03/09), Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices surged 3 percent in late trading weekend early Saturday supported the statement was optimistic Russia for suspending production, also after reporting weaker growth in the US non-farm payrolls in August could depress the dollar. But crude oil futures remained on track for big weekly loss on fears of a global glut. At the end of the trading price of coal Rotterdam futures contract for September 2016 in the position of 61.90 dollars per ton. Commodity prices gained 0.65 dollars or equivalent to 1.06 percent compared to the previous closing. In the weekly price of coal remains strong 3.60 percent helped by rising crude oil prices. It seems that coal futures price movements Rotterdam at the next trade will weaken with the potential strengthening of US dollar. The price of coal futures potentially test support level at 61.40 dollars. While the level of resistance to be tested if the price increase is at 62.40 dollars and then 62.90 dollars.
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Cocoa futures on ICE Futures trading late weekend early Saturday (03/09) closed up. Strengthening cocoa prices triggered short covering ahead of the long US holiday of a weaker US jobs data. The weakening of the US Non-Farm Payrolls create expectations of US rate hike in September faded. At the end of Saturday morning trading cocoa futures contract price in December 2016 which is the most active contract closed with a record increase was observed. Commodity prices closed slightly higher by 3 dollars or 0.10 percent at 2,900. dollars per ton. But on a weekly basis ICE cocoa prices still down -3.81 percent, largely fueled by the improved prospects for the main crops in West Africa. It seems that the price of cocoa futures for the next trading potentially strengthened by the potential weakening of US dollar by waning expectations of US rate hike. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,950 dollar. If the resistance level is successfully penetrated the next level is 3,000 dollars. While the level of support that will penetrate if there is a decline then towards 2,850 dollars.
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ICE arabica coffee prices observed to be flat in late trade weekend early Saturday (03/09), trigger pull of sentiment disorders coffee plants in Brazil with the strengthening of the US dollar after the release of US NFP data. Rainfall in Brazil gives great concern that the rain may cause early flower next year's harvest which has the potential for adverse outcomes. There is also potential tightening next year because of a decline in crop biennial cycle Brazil. While on weekends the US dollar strengthened ignore weak reading on US Non-Farm Payrolls. Arabica coffee futures prices at the close of trading early on Saturday flats. Arabica coffee futures prices in December 2016 closed at 1.5140 dollars per pound. Weekly coffee prices jumped 4.52 percent, largely triggered fears that the rain may cause early flower next year's harvest which has the potential for adverse outcomes. It estimated that the price of arabica coffee futures for the next trade is projected to rise to a potential weakening of the US dollar after weak US NFP data lowered expectations of US rate hike this month. The price of Arabica coffee futures on ICE Futures US in New York has the potential to test the resistance level at 1.5400 dollar and then to 1.5700 dollar. While the level of support that will be encountered if there is a decline is at 1.4800 dollars and then heading towards 1.4500 dollars.
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Gold prices rose in late trading weekend early Saturday after US job growth came in below expectations, dampening the possibility of interest rate hikes from the US Federal Reserve this September. US nonfarm payrolls rose a slower-than-expected 151,000 in August, against expectations for a 180,000 rise. Spot gold prices jumped to a session high of $ 1,328.73 after data on non-farm payrolls, and ended up at $ 1,324.94 per ounce. For the week the price of gold is still positive, up 0.33 percent helped by dollar weakness and a weak US NFP offset negative sentiment strengthening US dollar and strong ADP Employment data is exceeded forecasts. Ole Hansen, analyst at Saxo Bank, told the Reuters Global Gold Forum on Friday. "We still believe that the FOMC remains in rate hike mode but from a 50/50 chance of September (increase), they can now choose to show a rise in interest rates in December instead." Owners SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell for a third session on Thursday, with 0.57 per cent to 937.89 tons. Physical gold demand in Asia increased slightly this week as the price correction triggers consumers to purchase for the upcoming festival and wedding season, with a discount in India narrowed to the smallest in three months. It seems that the price of gold may rise with the decline of NFP which further diminish hopes for aUS interest rate hike this September. Yet to be seen if the US dollar continue to strengthen, will depress prices. The price of gold is estimated in the range between $ 1,327- $ 1.329 and if the price falls in the range between $ 1,312- $ 1.310.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
In the middle of forex trading Asian session earlier in the week (5/9), USD moves very we akagainst all major rivals even minor rate at such exchange rates in Asia. US dollar weakness triggered by bad US NFP data last weekend makes bleak Fed rate hike expectations back. The last weekend of August US NFP data reported data show that lower than expected also lower than the previous month period. Poor performance data for the US labor sector provides a disappointment to fans of the US dollar will certainly continue to soar if the Fed raised interest rates. For the movement of the US dollar today is expected to receive a negative sentiment from strong fundamentals main rivals while her off the US market so there is no fundamental data to support it. The dollar index, which measures the strength of the US dollar against six major currencies moving trading weak after the start of trading the Asian session opened weak at 95.85 and this morning, the price's position moves to around 95.66. The previous trading the dollar which actually rose 0.2 percent. -
Euro exchange rate movements of the Asian session (04:50:35 GMT) consolidated against US dollar after opening higher at 1.1197 in early trading (0000 GMT). Exchange rate euro since the beginning of the Asian trading session against the dollar by consolidation moves attitude prudence will market US NFP data this evening. The focus of the global market was focused on reports The US labor market as the direction for the next Fed rate hike expectations. Fundamental mover today come from Spain unemployment data that could power the rally. Technically, EURUSD could rise to 1.1219-1.1251 range, but if it does not reach the range The pair will then fall back to 1.1144. And if it reaches this range then the pair continue rise to 1.1260. And today is expected to have a support level at 1.1065 and the resistance level at 1.1284.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Aussie exchange rate movements in the Asian session (04:30:35 GMT) move positively against US dollar, after opening higher at 0.7552 in early trading (0000 GMT), the Aussie exchange rate roll values 0.7557. Australian dollar exchange rate gains in the Asian session continue the third consecutive day against the US dollar even though commodity prices are down after the weakening of crude oil prices. Aussie had gained by sentiment weakening US dollar is at risk if the NFP data tonight back signal weakens Fed rate hikes. AUDUSD will rise again to the range of 0.7570-0.7595, but if it does not reach The range of the pair may be a correction down to the range of 0.7511-0.7479. And if it reaches the range of pair further up on the range betweem 0.7610. So the analyst argued that the normal range AUDUSD pair is estimated to be support level at 0.7450 and the resistance level at 0.7619. -
USDJPY pair movement in the Asian session (04:20:35 GMT ) after a positive move then opened lower at 103.24 in early trading (0000 GMT), and now the pair are bearish enough. Yen was not able to strengthen the Asian session following the US dollar's main rival those under strengthened by the weak US dollar. Dollar continued to weaken overnight trading by doubt the market will be the US economic growth of the ISM data, as this would discourage the return expectations of Fed rate hikes this year. In fact this morning positive sentiment coming from the data consumer confidence Japan showing increasing scores despite being pessimistic area. Based on that, USDJPY will rise to a range of 103.81-104.22, but if it does not reach the range The pair will then move down to the range of 102.63-102.24. So the normal range USDJPY pair is estimated will have the support level at 101.78 and the resistance level at 104.77.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
In the middle of forex trading the Asian session the weekend (2/9), the US dollar is still strong against its main rivals by caution over the data market performance of the US labor market in August that will strengthen or weaken the Fed signals rate hikes this year. Observed in the spot market the dollar fell against several of its main rivals except the yen and gold prices. Dollar hit by the earlier trade performance data for US manufacturing contraction in August or below the level of 50 points according to a government report or ISM. Meanwhile, a survey by Markit, PMI manufacturing data decreased slightly from the previous period and still in expansionary area (above 50 points) For the movement of US dollar today is expected to receive negative sentiment in August NFP data is expected from many economists down from the previous month. But the unemployment rate for data and trade balance which expceted to provide positive data. The dollar index, which measures the strength of the US dollar against six major currencies moving trading weak after the start of trading the Asian session opened strong at 95.65 and the position this morning at 95.63. -
Gold prices rebounded after falling to its lowest level in more than two months in late morning trade on Friday helped by dollar weakness and investors waited to see if the US jobs figures could put the Federal Reserve on track to raise interest rates. The US dollar index weakened 0.36 percent against a basket of currencies after slumping US manufacturing data. Spot gold prices hit the lowest level since June 24 at $ 1,301.91 per ounce, before ending up tot $ 1,313.55. While the price of gold futures closed up $ 5.70 at $ 1,317.10 and was last up $ 5.50 to $ 1,316.90. Ahead of non-farm payrolls report on Friday is being closely watched for August, US data on Thursday showed initial claims for state unemployment benefits rose less than expected last week, pointing to sustained strength of the labor market. Upbeat payrolls report will reinforce the view that the US rate hike possibility before the end of this year after Fed Chairman Janet Yellen said on Friday that the opportunity for higher interest rates was strengthened. On Wednesday, Boston Fed President Eric Rosengren said the Fed should consider that faster interest rate rise from time to time to prevent risk to the economy, while Chicago Fed President Charles Evans said he is increasingly confident that US economic growth has slowed permanently. "Technicals indicate that the price of gold and silver need some corrections and will see some mild rebound. But the jobs data Friday will be important, "said Jiang Shu, chief analyst at the Shandong Gold Group. "If the jobs data will be good, gold will fall to $ 1,260- $ 1.270 level as the market will be hoping for a rate hike in September." . It estimated that the gold price may rise if the US dollar continues to weaken. Tonight will also be released US Non Farm payrolls fell in August , if realized thus will press US dollar. The price of gold is estimated in the range of $ 1,316- $ 1.318 as resistance and if prices rise then it will be between 1,312- $ 1.310 as support.
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The price of CPO in Malaysia observed commodity exchanges rose on Friday afternoon (02/09). CPO price hike this afternoon supported the weakening ringgit and rising crude oil prices Asian session. Observed Ringgit currency weakened against the US dollar. USDMYR exchange rate rose 0.16 percent at 4.0860.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. Crude oil prices rose in Asian trade on Friday (02/09) after a loss of more than 3 percent a day earlier, with investors cautious ahead of key US jobs data that will help gauge the health of the economy. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 48 ringgit, or 1.9 percent and traded at 2,568 ringgit per tonne. It estimated that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit.
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At the end of trading Friday morning (02/09), the price of coal Rotterdam ends slump depressed crude oil prices tumbled. Crude oil prices fell about 3 percent in late morning trade on Friday, triggered by investor pessimism towards the possibility of freeze OPEC production and supply fears growing glut of US crude inventories. With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in October 2016 slump in the position of 62.50 dollars per ton. The commodity price decline of -0.15 dollars, equivalent to -0.24 percent compared to the previous closing. It estimated that coal futures price movements Rotterdam at the next trade will look at the data the US Non-Farm Payrolls which indicated weakening. If realized, it would weaken the US dollar and may strengthen coal prices. The price of coal futures could potentially test the resistance level both at 63.00 dollars and 63.50 dollars. While the level of support that will be tested if prices decline to both between 62.00 dollars and 61.50 dollars.
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The price of tin in Malaysia Stock Exchange rose on Friday afternoon (02/09). The increase in the price of tin supported the weakening US dollar. In the middle of forex trading the Asian session the weekend (2/9), US dollar is still strong against its main rivals by caution over the data market performance of the US labor market in August that will strengthen or weaken the Fed signals rate hikes this year. Observed in the spot market the dollar fell against several of its main rivals except the yen and gold prices. The weakening US dollar makes the price of tin is sold in US dollars become cheaper, so the demand is increasing. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 19 180 dollars per ton, an increase of 180 dollars or 1.5 percent from its previous close at 18,900. Tonight will be released the data the US Non Farm payrolls fell in August indicated. If realized, it will weaken the US dollar. It estimated that Malaysian tin price movements on trade limited the potential to strengthen further if the US NFP data realized weakened. Price will face the resistance level at 19,400 dollar. But if there is a decrease, the price of tin will face a support level at 18,800 dollar.
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Crude oil prices rose in Asian trade on Friday (02/09) after a loss of more than 3 percent a day earlier, with investors cautious ahead of key US jobs data that will help gauge the health of the economy. US crude oil futures price of West Texas Intermediate rose 24 cents to $ 43.40 a barrel, supported by a weaker US dollar. Despite increases in the session, the price of Brent and WTI are on track for the biggest weekly loss since mid-January, stressed the increase in oil inventories and weak US manufacturing data. The end of the US driving season and the prospect of building supplies make downward risk for oil prices and may see further pressure on energy stocks at this time. Investors looked ahead to data on non-farm payrolls later in the day for the direction of the US economy, with a strong reading increases the chances of Federal Reserve interest rate hike soon. The increase in interest rates could strengthen the dollar, which could push oil prices because it makes dollar-denominated commodities more expensive for holders of other currencies. Friday's rise in oil prices may be limited by concerns over slowing global economic growth. There is also a growing skepticism among traders that the Organization of Petroleum Exporting Countries (OPEC) and other producers such as Russia will fail to freeze production at a meeting in Algeria later this month. It estimated that the price of crude oil at the next trade is projected to rise helped by weakening US dollar. If tonight realized weak NFP data, US dollar will weaken and make crude oil price stronger. Prices are expected to penetrate the resistance range between $ 43.90 - $ 44.40, and if the price drops will penetrate support range between $ 42.90 - $ 42.40.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Aussie exchange rate movements in Asian session (03:50:35 GMT / 10:50 GMT) to move positively against US dollar, after opened lower at 0.75172 in early trading (0000 GMT), this air has been run through a range of strong resistance. Exchange rate of Australian dollar managed to rally on Asian session despite the release of economic data which is expected from a positive sentiment but showed disappointing data. Data such as capital expenditure data of private companies and Australian retail sales lower than expected and the previous period. It seems that AUDUSD will rise again to the range between 0.75600 - 0.75750, but if it does not reach these ranges, the pair may dropped to between 0.74960-0.74680. So the normal range on the AUDUSD pair is estimated to have the support level at 0.74453 and the resistance level at 0.75866. -
Crude oil prices fell 3 percent in late trading Thursday morning, after government data showed an increase in weekly inventories more than expected for crude oil and distillate withdrawal of the US and a smaller-than-expected in gasoline. EIA said crude oil inventories rose for the second consecutive week, rising 2.3 million barrels last week, compared with analyst expectations for a 921,000 barrel rise. Distillate inventories, which include diesel and heating oil, rose a surprising 1.5 million barrels, while gasoline inventories 691,000 barrel decline was about half the estimated withdrawal. US crude oil futures price of West Texas Intermediate (WTI) fell at $ 44.70. While the price of Brent crude oil futures fell $ 1.33 to $ 47.04 per barrel. For the month of August rose 8 percent for WTI oil and Brent was up 11 percent. Crude futures remained on track for the best monthly result since April, after speculation in recent weeks that the Organization of Petroleum Exporting Countries and other oil producers could agree to curb production in September talks in Algeria. It looks like the price of crude oil at the next trade will fell with US dollar continue to strengthen, also their supply glut concerns and pessimism meeting of oil producer in Algeria. Prices are expected to penetrate the support range between 44.20 - 43.70, and if the price rises will penetrate resistance range between 45.20 - 45.70.
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Pound exchange rate movements of the Asian session (04:50:35 GM) is strengthening against US dollar after opened higher at 1.31382 in early trading (0000 GMT), the exchange rate pound rose around 0.1%. Pound's exchange rate on Tokyo session seeks to continue the rally that began trading earlier in the current signal strength of Fed rate hikes this year, which elevate US dollar. This afternoon received strength from manufacturing PMI data release expected later in the day that the data show an increase in August. In addition the market is now considering the purchase of dollars waiting for confirmation of data NPF tomorrow. It looks like GBPUSD rose again to around 1.31724-1.32091, but if managed to achieve this range then the pair will go up towards the top of the range 1.32301. So the normal range on the GBPUSD pair is estimated to have the support level at 1.29780 and the resistance level at 1.32362.
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Gold price movements in Asian session (03:50:35 GM)opened lower at 1308.60 in early trading. Gold prices tried to rebound on Asian session and is higher than the previous trading after two consecutive days experienced selling pressure is quite big.Gold price movements since consolidated by the strong pull of sentiment Fed rate hike signals the end last week and concerns about NFP data which supporting tomorrow. It seems that XAUUSD fall again to the range between 1305.30-1300.04.But if it is not until that range will go up again to the top of the range at 1312.80 So the normal range XAUUSD pair today is expected to have the support level at 1292.83 and resistance level at 1327.48.
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Euro exchange rate movements of Asian session (04:30:35 GMT) weakened against US dollar after opening lower at 1.11570 in early trading (0000 GMT).Euro's rate since the start of trading in Asia hit by profit taking after the market rose even earlier trade is expected to receive positive sentiment from PMI manufacturing data. Euro pressured by the region's inflation data released earlier showed a decrease in trade so worried about the next ECB monetary policy next week. Low inflation data away from the target could encourage the ECB further loosen policy. Looks like EURUSD dropped continue to the range between 1.1125-1.1101, and if it reaches this range then EU will continue to fall to 1.10602. But if it does not reach this range then the pair can move back up to around 1.11776. And today is expected to have the support level at 1.10704 and the resistance level at 1.12180.
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At the end of trading on Thursday morning (01/09), the price of coal Rotterdam ends slump depressed crude oil prices tumbled. Crude oil prices fell 3 percent in late trading Thursday morning, after government data showed an increase in weekly inventories more than expected for crude oil and distillate withdrawal of United States and a smaller-than-expected in gasoline. Rotterdam coal futures price movements at the next trade potentially weak with sentiment weakening crude oil supply glut depressed sentiment and pessimism freezing production meetings. However, if US dollar weakens then it will raise the price of coal. The price of coal futures potentially test support level at 62.15 and support positions at around 61.65. While the level of resistance to be tested if the price increase is in the position of 63.15 and then to 63.65
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USDJPY pair movement in the Asian session (04:20:35 GMT / 11:20 GMT) negative move after opening higher at 103.430 in early trading .Yen on Asian session was still able to move strong despite the release of disappointing economic data such as data-quarter capital spending second and final manufacturing PMI in August lower than the previous period. Markets focus on US dollar weakness sentiment by fears of NFP data tomorrow. Looks like USDJPY will continue to fall into the range of 102.953-102.757, but if it does not reach this range then the pair will rise to between 103.640-103.970. So the normal range on the USDJPY pair is estimated to have the support level at 102.141 and the resistance level at 104.392.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
In the middle of forex trading the Asian session the first day of September (1/9), US dollar is still moving is limited and weakened. Observed in the spot market dollar weakened against all major rivals including the exchange of commodities despite oil prices being depressed. The weakening of USD this morning due to caution the market awaits NFP data will be released tomorrow, where this data can amplify signals or Fed rate hikes will diminish the signal. If NFP data is not as expected, the Fed rate hike signals will disappear again, and vice versa. For the movement of US dollar today is expected to receive a negative sentiment from US economic data to be released in the evening session as unemployment claims data and PMI manufacturing performance data by governments and private version. Similarly, from the fundamental side rival today is expected to be pressured by the strong fundamentals of rivals such as the euro and sterling. The dollar index, which measures the strength of US dollar against six major currencies moving trading weak after the start of Asian session opened flat at 95.99 and this morning's position moves at 95.96. Previous trading the dollar weakened and fell 0.04 percent. -
The price of Tin in Malaysia Stock Exchange rose on Thursday afternoon. The increase of Tin supported by the growth of Chinese manufacturing in August. Activity in China's manufacturing sector rose unexpectedly in August, but in a moderate profit, so an official survey showed on Thursday (01/09), showed the second largest economy in the world began a steady but still sluggish. PMI rose to 50.4 in August, compared with a reading of 49.9 the previous month and above the 50-point line that separates growth from contraction on a monthly basis. This figure was the highest since October 2014. Increased growth of Chinese manufacturing provided a positive sentiment for the strengthening of the demand from the world's largest consumer of this base metal. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 18,900 dollars per ton, up $ 500 dollars. It looks like tin price movements Malaysia at the next trade limited the potential to strengthen the potential dollar weakness with expected US manufacturing data weakened tonight. Price will face the resistance level at 19,100 and support level at 18,700.
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CPO price in Malaysia commodity exchanges tracked down on Thursday afternoon (01/09) reached the lowest level in almost three weeks. The weakening of CPO prices following the weakening of soybean oil as a rival. Traders also said oil declined due to reduced supply tightening, despite strong export data from cargo surveyors on the previous day. Soybean oil prices fell on market expectations for a record US crop next harvest. Chicago Board of Trade soybean oil December contract fell 0.4%. Exports of palm oil products rose for the full month of August, rose around 27.3% from the previous month on a surge in demand for India, showing data from cargo surveyor Intertek Testing Services. CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price of November 2016 which is the most active contract fell by -24 ringgit or 1.00 percent and traded at 2,502 ringgit per tonne. It looks like the price of CPO futures at the next trade will weaken the ringgit because of the strengthening potential with an estimated dollar weakness if US manufacturing data tonight realized decreased. Resistance levels which will be tested if the price increase is at 2,550 ringgit
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