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Asia Crude Oil Prices Drop 1% in Session

22

Aug

Asia Crude Oil Prices Drop 1% in Session

U.S. West Texas Intermediate (WTI) crude futures were down 55 cents, or 1.13 percent, at $47.97 per barrel. International benchmark Brent crude oil [...]

Crude palm oil price on August 22 decreases due to crude oil price decline

22

Aug

Crude palm oil price on August 22 decreases due to crude oil price decline

Oil prices fell in Asian trade on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would [...]

22

Aug

Market Outlook 22-26 August 2016

For the next week (August 22-26), the JCI index likely remains in consolidation and there’s a selling pressure while the market awaits the Fed Rate [...]

Market Outlook 22-26 August 2016. For the next week (August 22-26), the JCI index likely remains in consolidation and there’s a selling pressure while the market awaits the Fed Rate decision this week. Weekly, the JCI index is between the resistance level at 5476 and 5525, while support is at level 5330 and then 5180.
The rupiah last week was seen in a correction while some investors took profit, where weekly the rupiah weakened slightly to 13,155. The USD/IDR rate next week is expected to be in the range between the resistance at 13,175 and 13,250, while support is at 13,010 and 12,990.
For global economic indicators, this week will highlight a number of important economic data. In general, a number of global economic data releases that investors should be aware of this week, are:

From the Americas: in the form of Crude Oil Inventories data release on Wednesday evening, then the Core Durable Goods Orders m/m   and Unemployment Claims employment data on Thursday evening, followed by the release of Prelim GDP q/q and an economic speech by Fed Chair Yellen on Friday evening.
From the Europe and UK region: in the form of German Ifo Business Climate data release on Thursday afternoon, followed by the release of Second Estimate GDP q/q for the UK on Friday afternoon.
From the Asia-Australia region: in the form of a speech by BOJ Governor Kuroda on Tuesday morning.

Forex Market Last week in the forex market, the dollar weakened by market estimates that the Fed will not raise interest rates in the near future, where weekly the US dollar index was seen to fall to 94.470.
EURUSD, last week the euro dollar was seen to rise to 1.1328. For this week, the euro will likely be between support at 1.0950 and 1.0820 while resistance is at 1.1426 and then 1.1615.
GBPUSD,  last week was seen to rise to 1.3058 against the dollar. For this week the market will range between support at 1.2794 and then 1.2700, while resistance is at 1.3372 and 1.3535.
USDJPY,  last week ended weaker at 100.13. The market this week will be between the resistance level at 102.66 and 107.55, and support at 98.96 and 96.57.
AUDUSD, the Aussie dollar was seen to weaken to 0.7626. The range this week will be between the support level at 0.7405 and 0.7285, while the resistance level is at 0.7765 and 0.7720.
Stock Market For the regional stock market, last week in Asia it was generally mixed while in Hong Kong the stock market strengthened for three consecutive weeks following the Chinese stock market which rebounded. The Nikkei index weekly was seen to weaken to 16545. The current market range is between the resistance level at 16940 and 17250, while support is at 15920 and then 15105. Meanwhile, the Hang Seng Index in Hong Kong last week ended stronger at 22937. This week will be between resistance at 23195 and 23425, while support is at 21725 and 20995.
The Wall Street stock market last week ended with a correction still around record numbers because the direction of Fed interest rates in the near future is still unclear. The Dow Jones Industrial weekly weakened slightly to 18,547.64, with the next market range between the resistance level at 18667 and 19050, while support is at 18244 and 17710. The S&P 500 Index last week was stable with limited weakness to 2,179.47, with the next market range between resistance at 2194 and 2220, while support is at 2147 and 2073.
Gold Market For the gold market, last week it strengthened on issues of the Fed not raising interest rates soon and then corrected on estimates that interest rates may soon rise, so that the global gold price ended strengthening to $1340.85 per troy ounce. For the next week, gold will be within a market price range between resistance at $1376 and $1390, and support at $1310 and $1200. In Indonesia, the gold price was seen to strengthen slightly to Rp565,405.
Economic and political development issues often stimulate news about investment market movements. For some people, this is sometimes difficult to understand. Sometimes these issues can boost prices, sometimes they can reduce the price of investment assets. True, this can happen, depending on how the developments and impact estimates will continue economically and politically. Often the market speculation that is more dominant affects the market here, and not a form of rational expectations. In this regard, Vibiznews.com can be your investment consultant. This has been proven in various economic cycle situations. Thank you for being with us, who are your successful investment partners, Vibiznews' loyal readers!
By Alfred Pakasi ,Editor: Jul Allenshttp://vibiznews.com/2016/08/22/market-outlook-15-19-august-2016-2/

ICE sugar rebounds 1%, supported by weaker dollar

19

Aug

ICE sugar rebounds 1%, supported by weaker dollar

The U.S. dollar hovered near its lowest against the euro and Swiss franc in nearly eight weeks on Thursday, a day after minutes from the Federal [...]

18

Aug

ICE Cocoa Jumps Amid Deficit Concerns

Cocoa futures rose on Friday on the back of a large deficit seen in the current 2015/16 season and an uncertain outlook for 2016/17. Dealers said [...]

U.S. dollar pressured lower by Fed minutes

18

Aug

U.S. dollar pressured lower by Fed minutes

Fed officials were divided in July on the timing of an interest rate hike this year, with some urging a move soon given the economy's strong labor [...]

U.S. dollar pressured lower by Fed minutes. Fed officials were divided in July on the timing of an interest rate hike this year, with some urging a move soon given the economy's strong labor market and others preferring to wait until inflation moves toward their target, minutes of the central bank's latest meeting released on Wednesday showed. “Several participants saw recent economic developments as indicating that labor market conditions were at or close to those consistent with maximum employment and judged that recent progress toward the Committee's inflation goal was likely to continue, even with further gradual reduction in the pace of monetary policy accommodation,” the minutes said.The minutes also showed that “a few favored delaying further increases in the federal funds rate until they were more confident that inflation was moving closer to 2 percent on a sustained basis.”“Participants generally agreed that, before taking another step in removing policy accommodation, it would be prudent to gather additional data to assess the underlying momentum in the labor market and in economic activity,” the minutes said.Analysts said the minutes failed to offer any clear signal on the Fed's next move, which weighed on the greenback on Wednesday.The dollar index, which measures the greenback against six major currencies, was down more than 0.14 percent at 94.660 in late trading.In late New York trading, the euro rose to 1.1291 dollars from 1.1275 dollars in the previous session, and the British pound increased to 1.3056 dollars from 1.3036 dollars. The Australian dollar fell to 0.7647 dollar from 0.7698 dollar.The U.S. dollar bought 100.21 Japanese yen, lower than 100.26 yen of the previous session. The U.S. dollar fell to 0.9618 Swiss franc from 0.9621 Swiss franc, and it inched up to 1.2848 Canadian dollars from 1.2844 Canadian dollars, Xinhua reported. (T.A026)
Editor: Ruslan Burhani
http://www.antaranews.com/berita/579329/dolar-as-melemah-tertekan-rilis-risalah-pertemuan-fed

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