Japanese Stocks Opened Lower on Early February
Started trading in February in the Japanese stock market (2/2), the Nikkei slipped. Sharp decline in the Nikkei index caused his Japanese Yen strengthened against the US Dollar and the influence of the US market performance in the lower lid.
The Japanese yen strengthened against the US dollar back to respond to the release of US GDP data mangalami fourth quarter of 2014 decreased to 2.6% from 3.0% in the third quarter of 2014. The results of these releases were also below economists’ forecasts are estimated to be 5%.
Japanese yen in late US trading session last week in closed higher by 97 pips or 0.82% which is 117.30 points from its position before the opening of 118.27 points with the highest achievement at 118.27 points and the lowest target at 117.30 points.
Spot Nikkei index movement on this morning weakened significantly by 123.58 points, or 0.7%, which became 17550.81 points from its closing position prior to 17674.39 points with the highest achievement at 17560.56 points and the lowest target at 17459.45 points.
Blue-tier stocks that declined in today’s trading is the stock Sony merosot1.8%, Panasonic slumped 1.8%, Nissan slipped 1.7%, Suzuki slipped 1.3% and Japan Airlanes dropped 6%.
The movement of the Nikkei index futures this morning also suffered pemelahan by 80 points or 0:45% which is 17 495 points to its lowest level in 17 465 achievement points as well as the highest achievement at 17 560 points.
Based on the close of trading at the end of last week in the lower lid, then according to analyst estimates that the movement of trade in the Nikkei index today will be in negative territory with the support level at 17 452 points and 17 365 points and resistance level at 17.450 points and 17,650 points.
Technically, the index on the trading session today, Monday (02/02) 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 17680 and 17750. If it fails in 17615, we then estimated the index tends to retest the support level of 17 580 and proceed to the possibility of being in the 17530 area.
TV
Fundamental Analysis Euro, Up Thin Today
Euro today (01:37:45 GMT, Monday, February 2nd, 2015) rose after it opened at 1.1305 in early trade (0000 GMT) and has gained about 5 pips or about 0.05%. Value rolling EURUSD seems to be at 1.1310
Currency Euro observed a positive move towards the announcement of economic research institutes and businesses, Markit, the latest development of the manufacturing sector in Spain. A number of economists forecast a positive development for the data to be released in this sector.
Indicators of economic fundamentals of Spanish Manufacturing PMI is expected to give a pretty good overview and is expected to rise to 54.2 figures of previous period is 53.8. 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 1.1268 and resistance level at 1.1353.
Technically, the trading session today, Monday (02/02), the pair Euro-dollar likely to move in the negative trend.
The weakening of the Euro mainly expected soon reexamine the minimum support at 1.1240 and 1.1190 maximum. Meanwhile, if the Euro is able to break and hold above 1.1307, then the other alternative scenario that Euro chance to test resistance in the area 1.1340 and 1.1390
Gold Maintain Biggest Gain
Gold steady move above the level of $ 1.280 / onz on Monday after scoring the biggest monthly gain in three years in the previous session after US growth data in the fourth quarter that the results are weaker than estimated in a report Friday.
Gold is likely to retain its appeal as a safe haven among investors amid renewed concerns on the global economy with China’s factory sector data showed weakness for the first time since 2012.
Spot gold prices fell 0.2% at $ 1,2080.77 / onz at 8:55 pm on Friday after a rally of 2%. Gold ends in January with higher by 8.4%, it is the largest monthly increase since January 2012.
Technically, gold trading session today, Monday (02/02) 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 1282.10 and re-test the maximum level of 1287.87. However, if the price of gold was unable to break and stays below 1279.80 then estimated the price of gold could potentially test the 1277.78 and 1272.40 Support.
