US indexes rose high
American Stock Exchange closed positive on the last trading session, the index rising to 10-month highs around 0.6%, this is a record of more than a year ago the results of the Fed continue to support moderate economic growth. On the other hand the European Central Bank also began buying bonds, to help reduce the company’s debt investment grade results below 1 percent. Equity markets and currency values also rose in the first five days, while commodities oil surpassed $ 50 per barrel.
America’s own shares: The S & P 500 rose 0.3 percent to 2,119.12 at 16:00 in New York, the highest level since July. Dow Jones rose 66.77 points, or 0.37% to 18,005.65 level as well as the Nasdaq, rose by 12.89 points or 0.26% at 4,974.64.
Caterpillar Inc share price rose 1.7 percent, the longest winning streak in two months, and miner Freeport-McMoRan Inc. also rose 3 percent. The banking sector was little changed with Treasury yields near three-week lows.
The MSCI Emerging Markets Index rose for a fifth day, advancing 0.9 percent. The longest run of gains in two months to send the index 14-day relative strength above 70, which is a signal to some analysts that an asset will fall.
The Stoxx Europe 600 Index retreated 0.5 percent. Led by declines in shares of Roche Holding AG and Novartis AG. Company travel-and-leisure and bank posted the biggest decline of 19 industry groups on equity indexes.
Analysts predict market movements will be the same this week, waiting for the decision of when to increase US interest rates.
Technically,
Resistance: 18016 18027 18038 High / Low: 18022/17666
Support: 17972 17950 17 941 Running Price: 17 997
Comment: For intraday trade today suggest sell at 17920; stop loss at 17 937; target at the level of 17 864.
Oil prices approached the highest
Price of crude futures trading still rose after surging to 11-month highs on the day yesterday, as US inventories report bullish reduce global concerns associated with an abundant supply of oil that lasted throughout the worldwide energy market.
On the Intercontinental Exchange (ICE), Brent crude for August delivery wavered between the price of $ 51.33 and $ 52.55 per barrel, before closing at the price of $ 52.46, up 1.02 or 1.98% on the day. For the first time stepping crude Brent trading price of $ 52 since October last year. Besides, on the New York Mercantile Exchange, crude oil for delivery in July traded WTI price between $ 50.33 and $ 51.34 per barrel before it closed at $ 51.20, up 0.84 or 1.67% in the last session. US crude oil futures extended gains from the previous session when the front-month contract for WTI crude oil closed above $ 50 a barrel for the first time this year.
US crude oil trading has skyrocketed more than 90% since hitting 13-year lows at $ 26.05 per barrel on 11 February ago.
In addition, the rise in oil prices is still limited by slowing economic activity in China, because of oil imports fell in May to its lowest level in four months. Earlier on Wednesday, the Chinese General Administration of Customs reported that monthly crude oil imports fell to 32.24 billion, in the midst of the economic downturn on the main harbor. China is one of the top importers of oil from the Middle East.
Putting aside the successive events recently, crude oil futures trading is still down more than 50% from two years ago when they peaked $ 115 per barrel in June, 2014.
Technically,
Resistance: 51.65 51.73 51.94 High / Low: 51.65 / 47.67
Support: 51.32 51.16 51.11 Running Price: 51.46
Comment: For intraday trade today suggest Buy at 52.30; stop and reversal at 55.20; target reversal 54.31.
Yen has remained strong in trade
The yen rose at the opening of Asian markets on Thursday despite disappointing data on machinery orders, while NZD / USD jumped after New Zealand’s central bank held the official cash rate steady at 2.25% and signaled for easing economic space.
USD / JPY fell stepped price 106.80, down about 0.18%. In Japan, core machinery orders for April dropped 11.0%, compared with a decrease of 3.8% seen in the months and a decrease of 8.2% year-on-year compared with a decline of 2.3%. Besides, in China, CPI data for May are expected to show a 0.2% decline in the months to increase rate of 2.3% year-on-year, while producer prices seen down 3.3% year-on-year.
The US dollar index, which measures the strength of the dollar against six other major currencies, was last down 0.10% at 93.50 points. Sentiment towards the dollar is still ongoing after Federal Reserve Chairman Janet Yellen hinted on Monday that the US central bank will not raise interest rates until uncertainties over the economic outlook is resolved.
Yellen said she expects the economic recovery first before going forward to continue the program gradual rise in interest rates. But Yellen gave no indication at a fixed time for the next rate increase.
Technically,
Resistance: 106.91 106.93 107.02 High / Low: 111.40 / 106.40
Support: Running 106.42 106.64 106.75 Price: 106.85
Comment: For Intraday trade today suggest Buy 107.32; stop loss at 107.12; targets at the level of 107.82
