Nikkei index plummeted; Global Stock Market profanity
In trading on the Japanese stock market Wednesday morning that decline more sharply. Japanese stocks under selling pressure amid plunging global stock exchanges. A stronger yen and disappointment that the BOJ did not provide better policies to address the volatility in the bond market make market participants decide to exit the market.
In trading on the Japanese stock market Wednesday morning that decline more sharply. Japanese stocks under selling pressure amid plunging global stock exchanges. A stronger yen and disappointment that the BOJ did not provide better policies to address the volatility in the bond market make market participants decide to exit the market.
Technically, the index in the trading session today, Thursday (13/06) likely to weaken, test negative trends, the impact of Wall Street. At the H4 chart bearish engulfing formation provides opportunities for the index to move downside. However, the volume is likely to increase, an early indication of a bullish index. In addition, RSI, on the H4 chart, is in the oversold area, cue upside.
Expected, the index tested the first support level ie 12024 and 11495. If it fails in 12790, we then estimated the index tends to retest the resistance level of 13341 and continued up to the possibility of being in the 13824 area.
USD / JPY: Dollar Yen Low Approach, Focus on U.S. Data
In trading Wednesday, the opening price of USD / JPY at 96.04. The movement of this currency pair experienced a sharp decline in the range, preceded strengthening to peak at 97.01 level and then pulled back up to ground level after passing support 95.13 95.58 (low, June 11). Closing price at 95.85, marked with a doji candle.
In trading Wednesday, the opening price of USD / JPY at 96.04. The movement of this currency pair experienced a sharp decline in the range, preceded strengthening to peak at 97.01 level and then pulled back up to ground level after passing support 95.13 95.58 (low, June 11). Closing price at 95.85, marked with a doji candle.
Technically, the trading session today, Thursday (13/06), the dollar yen pair has a chance to move in a negative trend.
Weakening Yen primarily expected soon reexamine the minimum support at 92.86 and 91.58 maximum. Meanwhile, if the Yen is able to break and hold above 95.34, then another alternative scenario the chance to test Resistance Yen’s in the area of 96.95 and 98.39.
Gold prices ended up, BOJ policy influence fluctuations
Gold prices in futures trading in the U.S. session today ended up in early trading Wednesday after briefly weakened back where traders expect the Fed will continue its quantitative policy to not make meaningful changes.
Gold prices in futures trading in the U.S. session today ended up in early trading Wednesday after briefly weakened back where traders expect the Fed will continue its quantitative policy to not make meaningful changes.
Technically, gold in the trading session today, Thursday (13/06) potential reversal, tested positive trend, but prone to profit taking. Indicator RSI resistance likely to re-test the bullish channel and into the area, but the Bollinger Bands are starting to shrink, thus giving impetus to gold to the downside.
Estimated gold price immediately prior to test resistance at least in the area of 1413.65 and re-test the maximum level of 1432.79. However, if the gold price could not break and stays below 1385.25 then estimated the price of gold has the potential to test Support the 1363.25 and 1345.11.
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