Kospi Opened Highest Since August 2014
Venturing South Korean stock market trading Monday morning (13/4) Kospi index opened by continuing to strengthen from the previous trading. Positive rate of securities into shares in early trading this morning amplifier to successfully achieve the highest increase since August 2014.
Besides reinforced by brokerages, also reinforced by the action of the merger between Hyundai Construction and stock Hotel Shilla, which plans to build the largest duty free shop in South Korea so increase their respective shares 5:40% and 10%.
Shares of Samsung Securities Securities are strengthened significantly by 2.91%, Hyundai Securities rose significantly by 1.88%, Mirae Asset Securities shares rose significantly by 1.81%, Daewoo Securities significantly strengthened 1.57%.
Performance Kospi index opened higher this morning at 6:34 or 0:30% point being 2094.10 points from the previous closing position at 2087.76 points to reach the previous highs at 2089.09 points and the previous low at 2065.39 points. Likewise, the movement of Kospi index futures opened higher this morning by 0.67 points or 0:25% being 262.62 points from the previous closing position at 261.95 points to reach the previous highs at 262.20 points and 259.20 points earlier lows.
Based on the previous closing, then Analyst Vibiz Research Center estimates that today’s Kospi index movement will try to break through resistance at 263.20 points with over 10 MA5 bolinger daily, a break in the first resistance is expected to try to penetrate the next resistance at 264.00 points.
If the reverse direction movement weakened, it is estimated that pegerakan index will try to penetrate support at 261.86 points with over 10 MA5 bolinger daily, a break on the first support is expected to try to penetrate the next support at 261.00 points.
Technically, the index on the trading session today, Monday (13/04) is likely to strengthen, test positive trend. At the M15 chart bullish hammer formation provides opportunities for the index to move upside. However, the volume of which is likely to increase, as well as an early indication of bullish index. In addition, RSI, the M15 chart, are oversold, signaling upside.
It is estimated, the index test the first resistance level of 265.10 and 267.00. If it fails at 263.60, then the next index is expected to tend to retest the support level of 263.00 and continued until the possibilities are in the 261.25 area.
Euro Exchange Rate Up Thin
Euro today (02:01:16 GMT, Monday, April 13, 2015) rose after it opened at 1.0781 in early trade (0000 GMT) and was riding around -7 pips or about -0.06%. Value rolling EURUSD seems to be at 1.0774.
Currency Euro observed a positive move towards the statistics office Istat announcement regarding recent developments in the Italian industrial sector. A number of economists forecast a positive development for the data to be released in this sector.
Indicators of economic fundamentals Italian Industrial Production m / m is expected to give a pretty good overview and is expected to rise to 0.5% of the value figures in the previous period is -0.7%. The euro was observed to move up early to respond to these developments.
Analysts suggested daily forex fundamental analysis that the Euro exchange rate normal range on the Euro currency is estimated to have the support level at 1.0734 and resistance level at 1.0858.
Technically, the trading session today, Monday (13/04), the pair Euro-dollar likely to move in the negative trend.
The weakening of the Euro mainly expected soon reexamine the minimum support at 1.0520 and 1.0450 maximum. Meanwhile, if the Euro is able to break and hold above 1.0585, then the other alternative scenario that Euro chance to test resistance in 1.0600 and 1.0650 area.
Gold Price Gains in Early Week
Gold on Monday (13/4) morning observed rise, overshadowed by the rise in US interest rates and also from the plain country of China.
On the Comex in New York, gold for June rose 0.3% penrgiriman to a level at $ 1,207.81 per ounce. Bullion rose 1.1 percent while trying to push the price past the resistance level of $ 1.210.
Of Richmond President Jeffrey Lacker Federal Reserve reiterated on the US central bank to consider a rate hike in June, and of course if it is supported from economic data.
While African gold mining company AngloGold Ashanti has entered the second round of talks with potential partners or buyers Cripple Creek & Victor mining in the United States. From China Shanghai Gold Exchange reported the price benchmark for improving the product.
Then from several sources said bourse will launch yuan-denominated gold as China, because as the top gold producers.
Technically, gold in today’s trading session on Monday (13/04) 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 1201.25 and re-test the maximum level of 1906.50. However, if the price of gold is able to break and hold above 1206.10, the estimated price of gold could potentially test the 1208.40 and 1210.72 resistance.
