Market Analysis Friday 28th of June

1.5 Percent Loss?

Hang Seng Index ended strengthened Follow Asian Stock More

Hong Kong stock exchange yesterday ended the day Thursday. Strengthening sufficiently constant movement distinction exchange trading condition Thursday remembering yesterday covered by positive sentiment coming from a majority of strengthening Asian bourses and U.S. stock exchange yesterday. Investors also quite passionate in doing the action and purchase of shares, especially banking stocks and fares.

Technically, the index on the trading session today, Friday (28/06) have the opportunity to strengthen, test positive trend. On the H1 chart bullish hammer formation provides an opportunity for the index to move upside. However, the volume tends to increase, as well as an early indication bulish index. In addition, RSI, on the H1 chart, selling in saturated areas, signal upside.

Partly, the index test prior resistance level that is 21 481 and 22155. If failed in the 20549, the estimated index tend to test further back level Support ie 19 877 and the possibility of being extended to 19 202 in the area.

Consumer sentiment shore Euro Rebound

Yielding euro rebounded against the U.S. Dollar concomitant improvement in economic confidence the 17-nation bloc that transcends economists predicted. Executive and consumer sentiment index rose to 91.3 in June from 89.5 in May, according to the European Commission in Brussels, the better-than-estimated 90.4. Euro also benefited by U.S. data, which tends to erode the reduction speculation the Federal Reserve’s monetary stimulus in the near future.

Technically, today’s trading session on Friday (28/06), the pair euro dollar opportunity to move in a positive trend.

Strengthening of the Euro, especially predicted back soon test resistance at 1.3205 ie the minimum and maximum of 1.3328. And as, if the Euro is not able to break below 1.3036 and then endure another alternative scenario ie the Euro had the opportunity to test Support at 1.2896 and 1.2773 area.

Gold Closes Down By 1.5 Percent Loss

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday (Friday morning hrs), extending the decline to 34-month low, as U.S. economic data exceed analyst estimates, scraping metal attractiveness as a store of value.

Technically, gold trading session today on Friday (28/03) potentially bearish, test returned negative trend, but prone to reversal. RSI indicators tend to re-test Support channel oversold area and heading, but Bollinger Bands are beginning to widen, thus providing the impetus for gold for upside.

Chance of gold price immediately prior to test Support at least in the area of ​​re-test 1139.10 and 1106.72 maximum level. But if the price of gold is able to break above 1191.50 and defending the gold price estimated potential test resistance ie 1227.15 and 1261.93.

Gold closed down more than 6% - Market Analysis Friday 21th of June

The Hang Seng Index Drops Nearly 3%

Hong Kong shares to trade on Thursday closed yesterday experienced a sharp decline. Exchanges are still declining and continue the negative trend due to pressure from fundamentals which investors prefer to sell stocks after the Fed’s decision last night that will reduce the nominal U.S. economic stimulus package.

Technically, the index in the trading session today, Friday (21/06) likely to weaken, test negative trends, the impact of Wall Street. On the bearish engulfing formation M15 chart gives an opportunity 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 M15 chart, is in the oversold area, cue upside.

Expected, the index tested the first support level ie 19803 and 19505. If it fails in 20285, we then estimated the index tends to retest the resistance level of 20 599 and continued until the area is likely to be 20 927.

EUR / USD: Euro Weakens, Support 1.3190

In trading Thursday, the opening price of EUR / USD at 1.3293. The movement of this currency pair natural corrective decline, at the start strengthening to a peak of 1.3299 and then pulled back up to ground level after passing support 1.3158 1.3174 (low, June 10).

Technically, the trading session today, Friday (21/06), the pair euro dollar likely to move in a negative trend.

The weakening Euro is mainly expected to immediately reexamine the minimum support at 1.3002 and 1.2872 maximum. Meanwhile, if the euro is able to break and hold above 1.3214, then another alternative scenario the chance to test Euro Resistance at 1.3359 and 1.3472 area.

Fed Signals From Ruin tapering Gold Prices

Gold closed down more than 6% after the price dropped to a low level in more than 2-1/2 years on Thursday, with investors sold gold after the Federal Reserve signaled plans to end the era of easing.

Technically, gold at today’s trading session on Friday (21/06) potentially bearish, test returned negative trend, but prone to reversal. RSI indicator tends to re-test support channel and towards the oversold area, but Bollinger Band which began to widen, thus giving impetus to gold to the upside.

Estimated gold price immediately prior to test support at least in the area of ​​1224.33 and re-test the maximum level of 1187.98. However, if the price of gold is able to break and hold above 1274.05 then estimated the price of gold could potentially test the Resistance 1316.42 and 1355.19.

Gold Falls 0.6% As Bernanke Statements Lift Dollar - Market Analysis Thursday 20th of June

Closed Hang Seng index plummeted 1.13%

Hong Kong shares to trading on Wednesday closed at significantly weakened position after the last two days and posted a successful market position raised above 21,000 basis points.

Technically, the index in the trading session today, Thursday (20/06) likely to weaken, test negative trends, the impact of Wall Street. On the bearish engulfing formation M15 chart gives an opportunity 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 M15 chart, is in the oversold area, cue upside.

Expected, the index tested the first support level ie 20470 and 20201. If it fails at 20 935, then the next index is expected to tend to retest the resistance level of 21224 and continued up to the possibility of being in the 21476 area.

Pulse Global Forex: Yen Down and USD Weakens

In trading Wednesday the Japanese yen appears to be still trying to continue its decline against the U.S. dollar. The yen declined amid speculation that Wednesday Governor Ben Bernanke Fed will provide more information about when the U.S. central bank will begin to reduce the amount of government bond buying program.

Technically, today’s trading session on Thursday (20/06), the dollar yen pair has a chance to move in a positive trend.

A stronger yen primarily expected soon reexamine the minimal resistance at 99.24 and 101.28 maximum. Meanwhile, if the Yen was able to break and stays below 96.43 then another alternative scenario that is likely to test support Yen’s in the area of ​​94.31 and 92.68.

 

Gold Falls 0.6% As Bernanke Statements Lift Dollar

Gold futures extend fall in electronic trading as the U.S. dollar strengthened after Federal Reserve Chairman Ben Bernanke told reporters that the central bank could begin to scale back purchases of government bonds earlier this year if needed with stronger economic data.

Technically, gold at today’s trading session on Thursday (20/06) potentially bearish, test returned negative trend, but prone to reversal. RSI indicator tends to re-test support channel and towards the oversold area, but Bollinger Band which began to widen, thus giving impetus to gold to the upside.

Estimated gold price immediately prior to test support at least in the area of ​​1316.85 and re-test the maximum level of 1297.10. However, if the price of gold is able to break and hold above 1346.05 then estimated the price of gold could potentially test the Resistance 1369.11 and 1386.95.

Market Analysis Friday 7th of June

Closed Hang Seng Index Decreased, Lowest Since 18 April

Hong Kong stocks closed lower Thursday. The fall in market movements caused by the presence of a stock sell-off by investors amid worries over the U.S. economy where the economic stimulus policies to cost around 85 billion dollars are expected to be delayed until the end of this year.

Technically, the index in the trading session today, Friday (07/06) likely to weaken, test negative trends, the impact of Wall Street. On the bearish engulfing formation M15 chart gives an opportunity 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 M15 chart, is in the oversold area, cue upside.

Expected, the index tested the first support level ie 21390 and 21273. If it fails in 21570, we then estimated the index tends to retest the resistance level of 21724 and continued up to the possibility of being in the 21842 area.

Yen Gains Ahead of Japan’s Cabinet Office Report

Japanese Yen on Friday morning it seems to strengthen against the Euro. USDJPY pair opened at 129.58 in early trading (00:00 GMT) and down around -62 pips or about -0.47%, indicating a strong yen against the euro. Scrolling value pair EURJPY looks to be in the range of 128.96.

Technically, the trading session today, Thursday (30/06), the dollar yen pair has a chance to move in a negative trend.

Weakening Yen primarily expected soon reexamine the minimum support at 95.25 and 93.95 maximum. Meanwhile, if the Yen is able to break and hold above 97.43, then another alternative scenario the chance to test Resistance Yen’s in the area of ​​99.22 and 100.56.

Gold Gains Ahead of Payrolls

Gold rose around 1% on Thursday, as the dollar fell sharply and concerns on the stock market oversold so encouraging investors to add positions to the precious metal ahead of the important non-farm payrolls on Friday.

Technically, gold at today’s trading session, Friday (07/06) 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 ​​1438.78 and re-test the maximum level of 1452.86. However, if the gold price could not break and stays below 1415.25 then estimated the price of gold has the potential to test Support the 1397.98 and 1384.38.

Eight smart trades if China goes bust

French bank Société Générale outlined Tuesday what it said was an unlikely but not out-of-the-question scenario of a disastrous “hard landing” in China.

While not its base case (SocGen thinks China’s economy will grow 7.3% this year), the bank said it was concerned global investors were too complacent about everything working out smoothly for the Chinese economy. Its own survey found that most respondents thought the “worst reasonable case” for Chinese growth this year was a slowdown to growth of between 5.5% and 7%.

However, there are concerns that things could go wrong. Continue Reading...

From MarketWatch by Chris Oliver