China Manufacturing Hang Seng Suspend Performance
Hang Seng continued to rally after the rise of Chinese manufacturing activity will be maintained sinyalkan China’s economic growth momentum. China’s manufacturing index (HSBC version) reach the level of 49.8 for the month of January; higher than the predicted 49.6 and 49.6 in December publication. Hang Seng futures rose 1.11% and is now trading at 24850.
The improvement in Chinese manufacturing activity provides additional evidence will begin the stability of the 2 largest economy in the world. Premier Li Keqiang yesterday pointed out that investors are not concerned with the economic slowdown in China. Data at the beginning of the week also showed stable growth of the Chinese economy at the level of 7.3% for the last quarter of 2014. Bank of China PBOC also yesterday has added liquidity in the financial markets in order to ensure the availability of sufficient liquidity in the market ahead of the Lunar New Year holiday in February.
Energy sector and other related industries will come back to get attention as world oil prices rebounded in early Asian session. The sharp drop in oil prices in the last 6 months quite hit shares of energy sector and related industries as investors worried about the impact of the fall of oil prices on the outlook for corporate earnings.
Technically, the index on the trading session today, Monday (26/01) 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 24850 and 24800. If it fails at 24 915, then the next index is expected to tend to retest the resistance level that is 24 950 and continued until the possibilities are in the area of 24 980.
UK Retail Sales Data Failed Toping Sterling
Pounds terling stuck at the lowest level since August 2013 against the dollar despite UK retail sales data released higher than expected. Office for National Statistics reported retail sales rose 0.4% in December from November were up 1.6%. The increase at the same time break the 0.6% decline estimated by economists.
Sterling previously depressed after a member of the Bank of England, David Miles, said there was no urgency to raise interest rates in the UK. The statement added two official decisions MPC Martin Weale and Ian McCafferty, who returned opted to keep interest rates at the Bank of England monetary policy meeting January 8 reinforcing speculation interest rates in the UK will not be raised until next year.
Miles on Thursday said the slowdown of inflation in the United Kingdom does not mean that the BOE will provide further stimulus, but instead provide space to keep interest rates for longer. British annual inflation slowed to 0.5% in December, and officials BOE said inflation is likely to fall below 0% in a few months before returning to accelerate.
GBPUSD traded the range of 1.4974 at 17:10 pm, with daily highs and lows 1.5025 1.4956.
Technically, the trading session today, Monday (26/01), 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 1.4950 and 1.4900 maximum. Meanwhile, if the pound sterling was able to break and hold above 1.4991, then the other alternative scenario that Pound chance to test resistance in 1.5025 and 1.5075 area.
Statement From Goldman Sachs Dim Glow Gold
Gold futures fell, reducing the strengthening of the three-week rally, as Goldman Sachs Group Inc., said that low inflation and interest rates will be higher US will drag down the price of gold at the end of 2015.
Goldman fix the price of precious metals at an average of the range of $ 1.089 / onz for 2016 and $ 1.050 in 2017, both derived from the estimated $ 1.200. Gold will be supported at current levels for the next few months as US economic data was weaker than expected and more stimulus from the European Central Bank, said the bank is headquartered in New York said in a report on Friday.
“We continue to expect that gold prices will go down,” said analysts including Max Layton. “Our belief in the lower gold prices have increased beyond inflation lower than expected in the next few years.”
Gold futures for February delivery fell by 0.6% to settle at $ 1,292.60 / onz on the Comex in New York Mercantile Exchange. On Thursday, the price reached $ 1,307.80 level, it is the highest level for a most-active contract since August 15.
In this month, gold has jumped by 9.2% over the stagnant economy has been given a challenge to policy-makers to find new ways to boost growth. ECB President Mario Draghi pledged ffor buy bonds amounting to 60 billion euros ($ 67 billion) per month until September next year.
Technically, gold trading session today, Monday (01/01) the potential reversal, tested positive trend, but prone to taking profit. RSI indicator tends to re-test resistance and aiming the bullish channel, but Bollinger Bands that began to shrink, thus giving impetus to the gold to the downside.
It is estimated that the gold price immediately prior to test resistance in the area of at least 1300.20 and re-test the maximum level of 1305.87. However, if the price of gold was unable to break and stays below 1294.10 then estimated the price of gold could potentially test the 1290.78 and 1285.40 Support. 
