Gold Gains Due
Gold traded stronger to $ 1.185 / onz on Tuesday, gaining momentum overnight gains as Greece which failed to secure an agreement with its creditors that triggered buying in safe-haven assets.
Spot gold prices move stabilized the range of $ 1,184.90 / onz at 8:47 pm, after rising by 0.5% on Monday.
Greece and its creditors still have stubbornness on Monday after the failure of talks aimed at preventing default and a possible Greek exit from the euro zone, pushing the EU commissioner from Germany to say that it is time to prepare for “emergencies.”
Athens currently only have two weeks to find a way out of the impasse of negotiations before they face a payment of 1.6 billion euros to the IMF, potentially making them running out of cash, if they are unable to borrow to its creditors.
Technically, gold in today’s trading session Tuesday (16/06) 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 1180.25 and re-test the maximum level of 1175.10. However, if the price of gold is able to break and hold above 1185.50, the estimated price of gold could potentially test the Resistance 1187.40 and 1192.25.
Nikkei Concerned Market Export Performance
Domestic stock market trading Tuesday’s Japanese cherry morning (16/6), the Nikkei reopened in negative territory by achieving four-week lows, although the movement of the yen is still under strong pressure the US dollar.
Concerns about the decline in the value of Japanese exports to be released tomorrow morning imposes exporter shares such as stock Konica Minolta 0:53%, shares of Sony Corp0.80%, Hitachi Zosen shares 0.67%, shares of Toyota Motor 0.63%, 0.68% Nissan Motor, Mazda Motor 0.94 %.
The movement of Nikkei index reopened Tuesday morning declined by 54.96 points, or 0:26%, by becoming 20332.83 points from the previous closing position at 20387.79 points and reached the highest position previously traded at 20401.48 and the lowest point at 20205.10 points previously.
Likewise, the movement of Nikkei index futures this morning, which opened shrank 35 points or 0:17% to become 20 310 points from the previous closing position at 20 345 points and reached the highest position previously traded at 20 380 points and the previous low at 20,200 points.
Based on the closing traded previously, the analyst predicted that the Nikkei index movement observed today will try to penetrate the first support at 20 292 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 20,200 points with MA5 BB10 bottom daily.
If the movement of the index managed to turn around the direction of stronger, then is expected to try to penetrate the first resistance at 20 345 points by the middle MA5 BB10 daily, if the movement of the index broke through the first resistance is expected to try to penetrate the next resistance at 20 430 points by the middle MA5 BB10 daily.
Technically, the index on the trading session today, Tuesday (16/06) 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 20 310 and 20 265 20370. If it fails in, then the next index is expected to tend to retest the support level of 20230 and continued until the possibilities are in the 20180 area.
Euro Exchange Rates Today MelemahTerbatas
Euro currency movements today (01:41:36 GMT, Tuesday, June 16, 2015) observed down, and the currency is monitored urged other major currencies after opening at 1.1279 in early trading (0000 GMT) around -7 pips or about -0.06% and the value of the rolling was observed in the 1.1272.
The economic calendar shows that the Zentrum fur Europaische Wirtschaftsforschung (ZEW) is scheduled to announce to the public, the latest data regarding the confidence of analysts and institutional investors. Some economists suspect that the report will be announced can show developments are not encouraging.
German ZEW Economic Sentiment indicator is expected to show signs of a less profitable and is expected to drop to 37.5 from the previous period is 41.9. Euro currency was observed to move down early to respond to these developments.
Analysts suggested daily forex fundamental analysis Euro exchange rate that normal range on the Euro currency is estimated to have the support level at 1.1215 and resistance level at 1,132.
Technically, the pair Euro-dollar likely to move in a negative trend in the trading session today, Tuesday (16/06),
The weakening of the Euro mainly expected soon retests the support at 1.1210 minimum and maximum 1.1150. Meanwhile, if the Euro is able to break and hold above 1.1271, then the other alternative scenario that Euro likely to test resistance in 1.1290 and 1.1350 area.
