Nikkei Jumps High
The Nikkei index of the Tokyo Stock Exchange in early trading Thursday morning Japan (3/9), appear the index movement successfully opened soared from the closing position at the end of previous trading, which is supported by the strengthening of the weakening yen, which continued until the Asian session this morning.
In addition, it appears investors helped respond to the surge in foreign investment in the form of the fourth week, the Bond last August, to be ¥ 900.3B from the previous release to ¥ -277.2B, but foreign investment in the form of Stock seem declined sharply to ¥ -630.3 B from the previous releases in the position of ¥ 462.8B.
Looks almost all stocks berkapitalis large co-support rate of positive Japanese stock market this morning, where the shares of Mitsubishi Logistics opened bolted 2.68%, shares of FANUC 2.67%, shares of Central Japan Railway 1.69%, shares of Fast Retailing 1:54%, Mazda Motor 2:03% , Toshiba shares 1.72%, shares of SKY Perfect JSAT Holdings for 3:35%.
The Nikkei this morning successfully amplified by 344.22 points, or 1.86%, to 18439.62 points into the closing position at the end of the previous trading at 18095.40 points position and managed to reap the greatest advantages previously traded on the position of 18467.44 points and the lowest level before the position 17857.30 points.
Similar to the movement of the index Nikkei this morning, which jumped by 295 points, or 1.60%, to be 18 485 points from the closing position at the end of the previous trading at position 18 190 points and managed to record the biggest gain was traded earlier at position 18,480 points and the previous low at position 17 830 points ,
Based on the results of the closure at the end of the previous trading, the analyst estimated that the movement of Nikkei index today will try to penetrate the first resistance at position 18 460 points with MA5 middle BB10 daily, if the movement of the index broke through the first resistance then expected to try to penetrate the resistance both at position 18 625 points the middle MA5 BB10 daily.
If the index movement finally turned down, it is expected to try to penetrate the first support at 18,100 points with MA5 position under BB10 daily, if the movement of the index broke through the first support is expected to try to penetrate the second support at position 17 950 points with MA5 under BB10 daily.
Technically, the index on the trading session today, Thursday (03/09) 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, the M15 chart, was oversold, signaling upside.
It is estimated, the index test the first resistance level of 18370 and 18420. If it fails at 18320, then the next index is expected to tend to retest the support level of 18300 and continued up to the possibility of being in the area of 18 240.
Dollars Rise On Versus Euro
The dollar rose at the close of Wednesday’s session against most of its major rivals after the emergence of economic reports that gave a positive picture of the US economy.
Underscored by the relatively strong readings of private sector jobs in the early days, the economic reports signaled the US economic health. The employers added 190,000 private sector jobs in August than the previous month were only 177,000 jobs. The report comes ahead of the nonfarm payrolls report on Friday.
The US central bank officials said that the increase in employment as well as inflation optimistic are the things that will lead to the normalization of interest rate policy.
The prospect of higher interest rates would not be a boon for the dollar, but in the market ahead of the Labor Day holiday, traders were more influenced by the stability of the market rather than the prospect of interest rates are still low.
The US Dollar Index, a gauge of the greenback against six other major currencies, finished in position 95.8960 at the end of trading Wednesday, up 0.5%. Against the yen, the dollar rose and was trading at 120.1580 yen, up 0.7%. Meanwhile, the euro was trading around 0.7% lower against the dollar at $ 1.1240.
Technically, the trading session today, Thursday (03/09), the pair Euro-dollar likely to move in a negative trend.
The weakening of the Euro mainly expected soon reexamine the minimum support at 1.1150 and maximum 1.1100. Meanwhile, if the Euro is able to break and hold above 1.1218, then another alternative scenario the Euro a chance to test the resistance at 1.1240 and 1.1300 area.
Gold Stop Strengthening 4 Days Streak
Gold fell on Wednesday and halt a four-day losing streak due to the strengthening of the stock market rebound and the strengthening dollar. Uncertainty will be a rise in interest rates restrict the movement of the gold ahead of the data release of the US non-farm payrolls on Friday.
Data on Wednesday indicated the US labor market is still strong enough to be considered the Federal Reserve to raise interest rates this year. But the chances of a rate hike in September, according to market participants are now 32%, down from 38% on Monday.
Automatic Data Processing Inc. reported during the month of August the US private sector hired 190,000 workers, the amount was lower than economists’ estimates of 204,000. This data is typically used as an illustration of data on non-farm payrolls on Friday.
The Fed’s Beige Book, released earlier on Thursday showed the strength and weakness of the US economy. Seemingly positive reports of increased average salary, which can encourage consumer spending, and raise inflation. The negative side came from a strengthening dollar and falling oil prices which is called suppress activity in the economy.
Technically, gold in today’s trading session on Thursday (03/09) 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 1128.25 and re-test the maximum level of 1123.10. However, if the price of gold is able to break and hold above 1133.10, the predicted gold prices could potentially test Resistance ie, 1135.40 and 1130.10.
