Nikkei Opened Flat, Potentially Weakens
Tokyo Stock Exchange in early trading this Friday morning (22/5), the Nikkei appears to be moving flat before finally moving negative. This condition is caused prudence market awaits the latest policy of the Bank of Japan (BOJ) to be released today.
Positive movement after opening also occurs by the movement of shares of exporters such as Bridgestone shares opened bolted 0.97%, Daikin Industries shares soaring 1.71%, shares soaring GS Yuasa 0:56%, shares of Mitsubishi Motors were strengthened 0:35%, Sharp shares soaring 0.61 %.
The movement of Nikkei this morning reopened the same position with the previous closing 20202.87 points. While the Nikkei index futures this morning which seemed opened lower by 15 points or 0:07% which is 20 215 points from the previous closing position at 20 230 points and reached the position of the centipede before the 20 330 points and the previous low at 20 175 points.
Based on the results of the previous closing, the Analyst Vibiz Research Center estimates that the movement of Nikkei index today will still try to penetrate the first support at 20 135 points by the middle MA5 BB10 daily, if the movement is able to penetrate the first support is expected to try to penetrate the next support at 20 090 MA5 points with under BB10 daily.
If the movement of the index reversed course to strengthen, it is expected to try to penetrate the first resistance at 20 232 points with MA5 on BB10 daily, if the movement of the index broke through the first resistance is expected to try to penetrate the next resistance at 20 320 points with MA5 on BB10 daily.
Technically, the index on the trading session today, Friday (22/05) likely to strengthen, test positive trend. At the M15 chart bullish hammer formation to provide opportunities for the index to move upside. However, the volume tends to increase, as well as an early indication of bullish index. In addition, RSI, on the M15 charts, is oversold, signaling upside.
It is estimated, the index test the first resistance level of 20240 and 20300. If it fails at 20 185, then the next index is expected to tend to retest the support level of 20150 and continued until the possibilities are in the 20100 area.
Pound Continues To Rise
Pounds today (01:56:20 GMT, Friday, May 22, 2015) rose after it opened at 1.5659 in early trading (0000 GMT) and had raised around 19 pips or about a 0.12%. Value rolling pair GBPUSD looks to be at 1.5679.
Pound currency observed a positive move towards the announcement of Office for National Statistics on the latest developments in the fiscal sector, the UK, although some economists forecast a weaker development of the data to be released in this sector.
Indicators of economic fundamentals Public Sector Net Borrowing is expected to provide an overview rising and will rise to 7.8b figures of previous period is 6.7B. However, the pound sterling observed can still move up in Asian session today.
Analysts suggested daily forex fundamental analysis Pound sterling normal range of movement in GBPUSD is estimated to have the support level at 1.5557 and the resistance level at 1.5732.
Technically, today’s trading session on Friday (22/05), pound sterling-dollar pair has an opportunity to move in a positive trend.
The strengthening of the pound sterling mainly expected soon reexamines the minimal resistance at 1.5725 and maximum 1.5790. Meanwhile, if the Pound was unable to break below 1.5668 and then survive another alternative scenario that is Pound chance to test support in 1.5630 areas and 1.5570.
Unemployment Claims Data Distressed Gold
Gold fell after data showed US economic momentum improves. The number of US citizens who filed claims for unemployment benefits increased more than forecast. Nevertheless month moving average of jobless claims, considered a better measure of labor market trends because it can reduce the week-by-week volatility, fell to the lowest level in more than 15 years.
Uncertainties related to the opportunities rising interest rates in decades also restrict gold charm. Some investors believe the Fed will raise interest rates in a few months, even if economy fails to recover from the state today.
Gold trading ended at the level of $ 1206.30 per troy ounce, daily lows near $ 1,201.46 to $ 1,212.70 daily highs.
Technically, gold in today’s trading session on Friday (22/05) 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 Band begins to widen, thus giving impetus for gold to the upside.
It is estimated that the gold price immediately prior to test support in the area of at least 1200.60 and re-test the maximum level of 1195.25. However, if the price of gold is able to break and hold above 1206.50, the estimated price of gold could potentially test the Resistance 1208.80 and 1213.10.
