Gold Prices Not Recovered
Gold moved lower supported by the strengthening of the US dollar, on Monday (15/6). Investors look of the equity markets lower and Greek issues that are within the uncertainty.
On the Comex in New York Mercantile Exchange, spot gold slipped 0.2 percent to $ 1,181.50 per ounce, formerly of the greenback rose on gold, making it more expensive for holders of other currencies.
Analysts said the volatility moves very volatile, investors are cautious ahead of the Fed meeting that will be held June 18 morning local time. But as might be expected, the feel of the FOMC (Federal Open Market Committee) this week may be more hawkish than what is seen in the past.
Today fundamental data from the Euro will begin at 8.00pm, ECB president will speak about monetary policy before the European Parliament economic and monetary affairs committee in Brussels.
While bullion toward the first weekly gain in four weeks, the gains made earlier in the week, the Dollar rose supported by the data last week showed producer prices in May rose, it is the biggest increase in more than two and a half years, plus an index of US consumer sentiment also rose more than expected in June.
At Silver is trading rose 0.81% percent at $ 15,953 per ounce, while copper fell -0.13% percent to 2,677 per ounce and palladium lost 1.2% to $ 734.50 per ounce.
Technically, gold in today’s trading session on Monday (15/06) 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 1176.33 and re-test the maximum level of 1170.80. However, if the price of gold is able to break and hold above 1181.40, the estimated price of gold could potentially test the Resistance 1178.40 and 1173.72.
Pound Exchange Rate Excellence
Sterling in trading last week showed a trend observed generally strengthened against the US Dollar. Trading currency pair GBP / USD is once opened in the range of 1.5263 in early trading week has risen around 297 pips or about 1.9498% and closed at around 1.5560.
R analysts suggested that the stronger currency on the Sterling l ast week related to The reports from the Royal Institution of Chartered Surveyors (RICS) said that the housing sector in the UK has increased.
The development is shown by the increase in economic indicators RICS House Price Balance improved to a figure of 34% of its value in the previous period, namely 32%. Encouraging information showed lower performance than the estimated number of economists, who had expected to be able to rise to 35%.
In trading this week (June 15 to 20), the normal range of GBP / USD weekly estimated to have the support level at 1.5321 and then at 1.5082 while the resistance level at 1.5698 and then at 1.5836.
The movement of the currency pair is expected to be influenced by several economic data releases which include: Claim ant Count Change and the MPC Official Bank Rate Votes.
Technically, the trading session today, Monday (15/06), 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 1.5500 and maximum 1.5440. Meanwhile, if the Pound able to break and hold above 1.5535, then the other alternative scenario that is likely to test resistance Pound in 1.5580 and 1.5640 area.
Kospi Pressure Continues Early Week
South Korean stock market trading on Monday of the third week in June (15/6), the Kospi reopened to continue the bearish trend traded weekend by reaching the nearly five-month lows by returning blue-tier stocks depressed by concerns Mers virus outbreaks and also revision of data South Korea’s trade in May.
Revised trade data released this morning said South Korean exports last May dropped 10.9 percent from a year earlier while imports declined 15.4 percent. Stock attenuator this morning as shares of Bank of 0:50 Wori%, Hyundai Engineering & Construction 3:21%, shares of Samsung Fire & Marine Insurance 2:33%, Samsung shares 1.87%, shares of Hyundai Securities 3:26%, shares of Korean Air Lines 1:57%, shares of Ssangyong Motor 5.61%, shares of Global & Yuasa Battery 2:33%, shares of Hyundai Motor 1:45%, 2.81% stake POSCO, as well as shares of Samsung Electro-Mechanics 4:15%.
Observed Kospi index opened this morning in negative territory at 10.1 points, or 0:49%, by becoming 2052.17 points from the previous closing position traded at 2041.17 points and reached the highest position traded last week at 2074.78 points and the lowest in advance on 2044 , 87 points.
Likewise, the movement of Kospi index futures this morning, which opened slumped 2:09 points, or 0.83% to be 249.57 points from the previous closing position at 251.66 points and reached the highest position at the end of last week at 254.77 points and the previous low at 250.84 points.
Based on the closing traded previously, the analyst predicts that the movement of Kospi index earlier this week, was observed to be penetrated first support at 250.85 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 249.95 points with MA5 under BB10 daily.
If the movement of the index managed to reverse direction to strengthen, it is forecast that the index movement seems to be trying to break the first resistance at 251.75 points with MA5 under BB10 daily, if the movement of the index broke through the first resistance is expected to try to penetrate the next resistance at 252.55 points with under BB10 daily MA5.
Technically, the index likely to weaken on the trading session today, Monday (15/06), test negative trends, the impact of Wall Street. At the M15 chart bearish engulfing formation provides opportunities for the index to move downside. However, the volume of which is likely to increase, early indications bullish index. In addition, RSI, on the M15 charts, is oversold, signaling upside.
It is estimated, the index test the first support level 252.10 and 253.00. If it fails at 251.45, then the next index is expected to tend to retest the 251.00 resistance level and continued up to the possibility of being in the 250.40 area.
