Bargain Hunting Strengthen Back Tokyo Stock Exchange Friday morning
The domestic stock market in early trading Japanese sun at the end of the third week of trading in June of this (19/6), the Nikkei index rebounded from heavy pressure earlier trading. Leap index this morning due to bargain hunting depressed exporter shares previously traded stronger.
Traded today, investors seem to be cautious and are waiting to be the result of the release of data from ALL indicators are Industry Activity Index in April last, which covers all activities of the Japanese industrial performance, which is where the results of the previous release showed a negative result at -1.3 %.
Strengthening the role of shares is the stock exchange shares of Nissan Chemical Industries opened bolted 2:28%, Konica Minolta shares 0.95%, shares of Hitachi Construction Machinery 0.99%, shares of Hitachi 1:12%, Toshiba shares 1:51%, Sony shares 1:10%, shares Denso 2:32%, Nissan shares Motor2.14%, shares of Mitsubishi Motors 1:05%, and shares of Honda Motor 1.89%.
The Nikkei index opened this morning surged significantly by 192.79 points, or 0.96%, to 20183.61 points of the position be traded before closing at 19990.82 points and reached the highest position previously traded at 20200.51 and the lowest point at 19990.55 points previously.
Likewise, the movement of Nikkei index futures this morning, successfully opened higher by 30 points or 0.15% The to be 20,160 points from the previous closing position at 20 130 points and reached the highest position previously traded at 20 215 points and the previous low at 19 870 points.
Based on the closing traded previously, the analyst estimated that the movement of the Nikkei index today will turn strengthened by penetrating the first resistance at 19 925 points with MA5 under BB10 daily, if the movement of the index broke through the first support is expected to try to penetrate the second support at 19 840 points with MA5 under BB10 daily.
If the movement of the index managed to turn around the direction of lower back, it is expected to try to penetrate the first support at 20 115 points with MA5 under BB10 daily, if the movement of the index broke through the first resistance is expected to try to penetrate the resistance at 20 220 points by the middle MA5 BB10 daily.
Technically, the index on the trading session today, Friday (6.19) is 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, signalling upside.
It is estimated, the index test the first resistance level of 20190 and 20250. If it fails at 20135, then the next index is expected to tend to retest the support level of 20100 and continued until the possibilities are in the 20050 area.
Sterling at Highest Level in 2015
Pound sterling recorded a slick performance this week after UK economic data released positive, bringing sterling rose to its highest level this year. Rally sterling also helped the US Federal Reserve’s dovish comments that made the dollar under pressure.
After being deflation, England finally back inflation in May. Data released by the Office for National Statistics (ONS) on Tuesday became the beginning of a series of data slick which makes sterling towards strengthening two consecutive weeks. ONS later on Wednesday reported wage growth rose to its highest level in four years, by 2.7% in the three months ended April. The increase was higher than economists’ expectations of 2.5%. And followed the data penjulan retail in May released Thursday rose by 0.2% higher than economists’ expectations of 0% or stagnant.
One negative data released by the ONS is the number of claims for unemployment benefits fell 6,500 claims in May, the figure is below the 12,500 drop forecast by economists claim. However, the data does not have much effect on the performance of sterling this week.
While the index of the dollar against major currencies fell to the lowest level one month after the Federal Reserve market hoping for clarity to hike interest.The Fed rate hike on Wednesday said the rise in interest rates at this time would be appropriate if the labor market and economic data showed further improvement. The US central bank also lowered interest rates in 2016 became 1,625%, compared to the previous projection of 1.875%. As for the projection of this year remained unchanged at 0.625%
GBPUSD trading on Thursday rose about 0.31%, and traded at 1.5874 at 06.30 pm.
Technically, today’s trading session on Friday (19/06), pound sterling-dollar pair has an opportunity to move in a positive trend.
The strengthening of the pound sterling mainly expected soon reexamine the minimal resistance at 1.5930 and maximum 1.5990. Meanwhile, if the Pound was unable to break below 1.5885 and then survive another alternative scenario that is Pound chance to test support in 1.5850 area and 1.5800.
Soaring Gold Prices Rise
Gold moved higher in early Asian trade on Thursday (19/6) Sustained of talks about the Greek debt in order not to be frozen out of the Euro zone.
On the Comex division of the New York Mercantile Exchange, gold for August delivery rose 0.11% to $ 1.200.70 troy ounce. Greek Finance Minister Yanis Varoufakis said on Thursday, the deadlock between Athens and its creditors have been very close to the ‘danger’. The new financial proposal re-created to help reach an agreement with creditors.
“We are already very close to being a very dangerous thing, I personally encourage colleagues not to become a victim, we can form an agreement. This government we stand with ideas. “He said.
Varoufakis made the comments after a Eurogroup meeting in Luxembourg that ended without a financing agreement for Greece, he said that he had made a proposal “innovative” to introduce an independent Fiscal Council, to monitor the budget that will be empowered with the title ‘brakes deficit’. It will automatically be applied to fiscal control in Greece if the projections indicate a high probability to go to a major budget deficit.
While the Chairman of the International Monetary Fund, Christine Lagarde warned that Greece will not be given a grace period, if it fails to make payments on the loan of € 1.5 billion at the end of this June. While on the other comex trading, silver for July delivery rose of 0.02% into $ 16,157 troy ounces, copper for July delivery fell 0.05% to $ 2,606 per pound.
Technically, gold in today’s trading session on Friday (06/19) 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 1195.10 and re-test the maximum level of 1190.25. However, if the price of gold is able to break and hold above 1200.60, the estimated price of gold could potentially test the Resistance 1202.10 and 1207.25.
