Hang Seng Ends Weaker
Hong Kong’s main stock index closed at its lowest level in nearly 3.5 years on Friday, pounded by stock berjatuhannya mainland and Hong Kong dollar’s decline against the US dollar.
The Hang Seng Index fell 1.5 percent, to 19,520.77, its lowest close since September 2012. The China Enterprises Index lost 2.6 percent, to 8,236.28 points.
Lal for the week, the Hang Seng dropped 4.6 percent.
Among the most actively traded stock on the main board of Hong Kong is no CCT Land, fell 7.4 percent to HK $ 0.03 Happy Garden, dropped 3.2 percent to HK $ 0.30 and International Topsearch, down 8.3 percent to HK $ 0.99.
The total volume of trading companies included in the HSI index was 2.0 billion shares.
Technically,
Resistance: 19530 19600 19710 Prev. High / Low: 19820/19454
Support: Closed 19120 19400 19280 Price: 19 461
Comment: To intraday trade today suggest Sell at level 19 612 19 555 stop loss at the level of the target at the level of 19205.
Yen Stronger On Retail Sales Data
The yen rallied to the strongest level since August as US retail sales fell in December, fueling fears that consumers in the United States will not push the pace of economic growth is slowing while other sectors.
The Japanese yen strengthened against all major currencies, while the air-currency high yield tumbled, led by the South African rand and Mexican peso. The dollar and the euro strengthened against most currencies, indicating a high demand for safe haven as plunging stock markets and crude oil.
Strategic say, in this week’s risk appetite to try to recover a few times, but always failed, adding that he recommends to sell the dollar-yen pair, and buy euro-dollar up risk appetite started to recover.
Technically,
Resistance: 117.40 118.00 118.60 High / Low: 117.10 / 116.85
Support: 116.50 116.00 115.40 Running Price: 116.96
Comment: To intraday trade today suggest Buy 116.72 stop loss at the level of 116.54 at the level of the target at the level of 117.85.
Gold Prices Rise
Gold prices rose nearly 2 percent at the close of Commerce weekend, Saturday, triggered by the weakening US dollar and falling crude oil prices and the stock market to support the demand for gold as a safer assets.
The increase in the price of gold is driven by a weakening dollar, which fell 0.5 percent against a basket of major currencies after US data were weaker than expected and makes gold cheaper for holders of foreign currencies. US retail sales and industrial production fell in December, the latest indication that economic growth braked sharply in the fourth quarter.
Likewise, plunging oil prices reached $ 29 per barrel, dragging major stock indices around the world fell sharply, as fears of a global slowdown amid a glut of crude supplies rattled markets and investors.
Spot gold prices rose 1.06 percent at 1,089.03 dollars per troy ounce. While the price of US gold futures for February delivery closed up $ 17.10 at 1,090.70 dollars per troy ounce, where in the last trading up 1.47 percent at 1089.40 dollars per troy ounce.
Gold prices hit two-month high at $ 1,112 last week because of the volatility of Chinese stock raising concerns about the state of the global economy, making investors seek refuge in gold and other safe havens.
While the price of other precious metals, silver prices rose 1.18 percent at $ 13.91 per ounce, but the price of palladium fell 0.59 percent to $ 488.35 per ounce, heading for a second week after slipping 12 percent decline last week. Platinum prices fell 1.0 percent to $ 826.80 and is on track to close the week down nearly 6 percent.
Technically,
Resistance: 1092.10 1097.60 1100.40 High / Low: 1091.00 / 1088.80
Support: 1088.70 1086.00 1084.40 Running Price: 1090.70
Comment: To intraday trade today suggest Buy at level 1088.15 1086.05 stop loss at the level of the target at the level of 1098.12.
