Shares of Industrial Lift Kospi
South Korean stock market on Tuesday morning (28/4) opened with a successful Kospi index rebounded from weakness at the end of the previous trading. Amazing performance of stocks in early trading industry will be a positive driver of stock trading today.
Stocks surged industries such as LG International Corp stock, which opened at 8:55 sped%, Lotte Chilsung Beverage shares opened at 6:25 sped%. Shares of other amplifier is Able C & C shares opened at 6.90% shot, Namhae Chemical shares opened at 9.75% shot, Kukdo Chemical shares opened at 10:11 bolted%, shares of Ssangyong Motor, which opened sped by 14.85 points.
The movement of Kospi index opened higher this morning by 4.96 points or 0:23% being 2162.50 points from the previous closing position at 2157.54 points by reaching the previous high at 2169.14 points and the previous low at 2152.09 points. Likewise, the movement of Kospi index futures this morning are also opened higher by 0:58 or 0:21% points 270.63 points from the previous closing position on 270.05 points to reach the previous highs at 272.29 points and the previous low at 269.29 points.
Based on the previous closing, the Vibiz Analyst Research center estimates that today’s Kospi index movement will still try to penetrate support at 268.90 points by the middle MA5 BB10 H4, if the movement of the index broke through the first support is expected to try to penetrate the next support at 267.55 points with MA5 middle BB10 H4.
If the movement turned towards strengthened, it is expected to try to penetrate the resistance at 271.30 points with MA5 on BB10 daily, if the movement broke through the first resistance is expected to try to penetrate the next resistance at 272.40 points with MA5 on BB10 daily.
Technically, the index on the trading session today, Tuesday (28/04) 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 272.10 and 273.50. If it fails at 271.50, then the next index is expected to tend to retest the support level 271.00 and continued until the possibilities are in the 270.10 area.
Daily Pound Moving Flat
Pound sterling this morning (01:13:28 GMT, Tuesday, April 28, 2015) moved lower against major currencies. The opening price is at 1.5228 in early trading (0000 GMT), the currency has fallen by around -4 pips or about -0.03% and the value of the rolling observed in at 1.5224.
Office for National Statistics is scheduled to announce the latest data of UK economic growth at the macro level. Some economists suspect that the report will be announced can show developments are not encouraging.
Indicators of economic fundamentals Prelim GDP q / q expected to show a signal somewhat slowed and is expected to drop to 0.5% from the previous period is 0.6%. Pound sterling was observed to move slightly down early to respond to these developments.
Analysts suggested daily forex fundamental analysis Pound sterling normal range of movement in GBPUSD is estimated to have the support level at 1.5136 and resistance level at 1,529.
Technically, the trading session today, Tuesday (28/04), pound sterling-dollar pair has an opportunity to move in a negative trend.
The weakening of the pound sterling mainly expected soon reexamines the minimum Support at 1.5170 and maximum 1.5120. Meanwhile, if the Pound able to break and hold above 1.5224, then the other alternative scenario that is likely to test resistance Pound in 1.5250 and 1.5310 area.
Gold Moves Close to $ 1.200
Gold maintained its gains in almost three months to trade the range $ 1.200 / onz before the Federal Reserve began its two-day meeting to discuss interest rates amid data showing mixed outlook for the US economy.
Gold is currently trading in the range of $ 1,199.75 at 8:53 pm of $ 1,205.15 on Monday, when prices rallied by 2%, it was the biggest gain since January 30.
Gold prices surged on Monday on speculation that the central bank will probably wait longer before raising interest rates helped send the dollar to a seven-week lows. Higher interest rates have prompted investors to hunt for assets that provide the prospect of higher yields as equities. After a report last week that showed business equipment orders fell and new home purchases slumped more than expected, investors will pay attention to the current report on Wednesday which will show first quarter growth.
Analysts from one broker said that there are some important futures for the US dollar at first reading on first-quarter GDP and the FOMC meeting. He also added that the US dollar rally as a more hawkish statement from the FOMC will be negative for gold, while the decline in the dollar from a more dovish FOMC statement will be positive for precious metals.
According to analyst estimates, GDP rose 1% in the three months to March 31; the data will be released on Wednesday. The economy is expected to grow 2.8% this year; it was the highest since 2005, according to some analysts’ estimates.
Technically, gold on the trading session today, Tuesday (28/04) the potential reversal, testing positive trend, but prone to profit taking. RSI indicator tends to re-test resistance and aiming the bullish channel, but Bollinger Bands began to shrink, thus giving impetus for gold to the downside.
It is estimated that the gold price immediately prior to test resistance in the area of at least 1205.25 and re-test the maximum level of 1210.10. But if the gold price could not break and survive below 1201.40 then predicted gold prices could potentially test the Support 1199.10 and 1195.00.
