The Hang Seng Index Stock Performance Gains Powered
At the end of trading on the Stock Exchange of Hong Kong Thursday hangs zinc benchmark index posted a significant increase. The rise in Hong Kong stock exchange in contrast to the conditions that occur in the Shanghai stock market. Blue lapis stock performance is still qualified to make Hong Kong managed to avoid weakening.
Thursday’s leading shares in Hong Kong seems to have a pretty solid end. Cheung Kong rose by 0.90 hkd be 139.00 hkd. CLP Holdings rose 0.65 hkd be 68.00 hkd. HSBC suffered by 0:30 hkd closing down to the level of 78.20 hkd.
Zinc spot index hangs in closing this afternoon trade rose by a significant magnitude. The spot index ended up by 81.79 points, or 0:34 per cent and stood at 24019.94 points.
Analyst estimates that on Friday’s trading Stock Exchange of Hong Kong will have movement influenced by the performance of the stock market the United States and Europe. The data is expected Thursday jobless claims and supply of crude oil from the United States.
The movement of the Hang Seng Index to trade this Friday apparently still has the potential to continue rising because technically still in the rose pattern. Support levels will be found at 23900 and 23800. Meanwhile the resistance level will be obtained in the 24100 and 24200.
Technically, the index on the trading session today, Friday (14/11) likely to weaken, test negative trends, the impact of Wall Street. At the M15 chart bearish engulfing formation provides opportunities for the index to move downside. However, the volume tends to rise, early indications bullish index. In addition, RSI, the M15 chart, are oversold, signaling upside.
It is estimated, the index test the first support level that is 23920 and 23870. If it fails at 23 973, then the next index is expected to tend to retest the resistance level of 24000 and continued until the possibility of being in the 24050 area.
Poor Housing Data, Sterling Slumped
Sterling fell to a 14-month lows versus the US dollar on Thursday after weak UK housing data adds to the doubts of investors about the potential rise in interest rates in the near future, a day after dovish message from the Bank of England.
RICS monthly survey showed the weakest growth in house prices in 18 months, although it is still a lot to consider if the property market in the UK is bubbling.
“Although it may be able to show a recovery in the coming days, Sterling still be overshadowed by negative sentiment for 1 or 2 weeks ahead,” said Ian Gunner, currency portfolio manager at Altana Wealth. “Some banks have previously been anticipating a slightly more hawkish views, but what is thrown Carney has attracted support in Sterling.”
Technically, the trading session today, Friday (14/11), pound sterling-dollar pair a chance to move in the negative trend.
The weakening of the pound sterling primarily expected soon reexamine the minimum support at 1.5630 and 1.5580 maximum. Meanwhile, if the pound sterling was able to break and hold above 1.5689, then the other alternative scenario that Pound chance to test resistance in 1.5720 and 1.5770 area.
Gold Rose Due On Post US Unemployment Claims Data
Gold prices rose to the highest level of data after US jobless claims last week rose to six weeks.
On the Comex division of the New York Mercantile Exchange, gold futures for delivery rose to $ 1,167.30 a troy ounce, before trimming gains to trade at $ 1,162.70 rose $ 3.60, or 0.31%. Gold futures on the level at $ 1,130.45 suport low and resistance at $ 1,177.50, high.
The US Labor Department said the number of individuals who are unemployed increased by 12,000 last week to 290,000. Analysts had expected jobless claims rose 4,000 to 282 000 last week. Continuing jobless claims from 1 November increased to 2,392 million to 2,356 million in the previous week. Market estimated at 2,320 million.
Added on Comex, silver futures for December delivery rose 6.5 cents, or 0.42%, traded at $ 15.68 a troy ounce level. Prices fell to $ 15.04 per ounce on November 7, the weakest level since February 2010.
Elsewhere on trade copper for December delivery rose 0.1 cents, or of 0.02%, trading at $ 3,026 a pound, after factory data output of China grew less than expected in October, adding to pressure on policy makers to introduce stimulus measures broadly based.
The data released earlier showed that China’s industrial production rose at an annual rate of 7.7% in October, fixed assets investment, which tracks the activities of construction, rose 15.9% in the period from January to October.
Technically, gold in today’s trading session on Friday (14/11) potentially bearish, tested negative trend back, but prone to reversal. RSI indicator tends to re-test support channel and towards the oversold area, but Bollinger Bands that began to widen, thus giving impetus to the gold to the upside.
It is estimated that the gold price immediately prior to test support in the area of at least 1155.00 and re-test the maximum level of 1150.50. However, if the price of gold is able to break and hold above 1161.30, the estimated price of gold could potentially test the 1165.00 and 1170.00 resistance.
