CURRENCY | RANGE | TREND | RESISTANCE | SUPPORT | BUY | SELL | OBJ | CUT |
EUR/USD | 1.3380-1.3550 | Down | 1.3610 | 1.3430 | 1.3490 | 1.3380 | 1.3550 | |
1.3550 | 1.3370 | |||||||
USD/JPY | 76.30-78.00 | Up | 78.10 | 76.30 | 76.90 | 78.00 | 76.30 | |
77.50 | 75.70 | |||||||
GBP/USD | 1.5660-1.5840 | Down | 1.5900 | 1.5720 | 1.5780 | 1.5660 | 1.5840 | |
1.5840 | 1.5660 | |||||||
USD/CHF | 0.9120-0.9290 | Up | 0.9300 | 0.9120 | 0.9180 | 0.9290 | 0.9120 | |
0.9240 | 0.9060 | |||||||
AUD/USD | 0.9910-1.0080 | Down | 1.0140 | 0.9960 | 1.0020 | 0.9910 | 1.0080 | |
1.0080 | 0.9900 | |||||||
NIKKEI | 8160-8340 | Down | 8400 | 8220 | 8280 | 8160 | 8340 | |
8340 | 8150 | |||||||
HANGSENG | 18550-18730 | Down | 18790 | 18610 | 18670 | 18550 | 18730 | |
18730 | 18540 | |||||||
KOSPI | 239.40-241.20 | Down | 241.80 | 240.00 | 240.60 | 239.40 | 241.20 | |
241.20 | 239.30 | |||||||
GOLD | 1715.50-1738.00 | Down | 1745.50 | 1723.00 | 1730.50 | 1715.50 | 1738.00 | |
1738.00 | 1715.50 |
Jumat, 18 November 2011
Technical Analysis November 18th 2011
Bullard: Krisis Hutang Eropa Nampaknya Tidak Akan Berpengaruh Pada AS
"Sudah jelas Eropa adalah resiko. Kita tidak tahu apa yang akan terjadi," ucapnya. "Jika masalah itu meledak secara besar dan tidak teratur, seperti yang dicemaskan orang banyak, maka itu dapat kembali menghantui kita. Jika hanya terpuruk untuk waktu yang lama, maka saya tidak yakin akan ada dampak yang banyak pada AS.” Konsumen di AS nampaknya tidak resah oleh situasi hutang di Eropa, tambah Bullard. "Eropa terlalu jauh bagi masyarakat AS untuk membatalkan perjalanan menuju Disney World," ucapnya. "Mereka tidak akan menghentikan aktivitas rutin mereka hanya karena banyaknya berita mengenai apa yang terjadi di Italia dan Perancis."
WGC: Krisis Zona Eropa Masih Topang Emas Di Jangka Menengah
Direktur Investasi WGC, Marcus Grubb mengatakan permintaan masih solid terutama dari bank Sentral di Eropa, dimana trend permintaan diperkirakan masih kuat hingga 2012.
Meskipun akhirnya ada solusi untuk mengatasi krisis utang Eropa, tindakan yang mungkin diambil adalah program quantitative easing yang pada akhirnya dapat memicu kenaikan inflasi, dan faktor ini masih dapat menopang kenaikan harga Emas, ujar Marcus.
Penurunan Emas dari level $1920 per troy ons ke level sekitar $1550, dan berbalik lagi ke area $1744 sejauh ini ditopang oleh pembelian Bank Sentral dari berbagai negara. Berdasarkan hal ini, menurut Marcus pengulangan pergerakan Emas seperti di tahun 1980, dimana terjadi penurunan Emas yang tajam setelah mencapai titik tertingginya masih kecil kemungkinan terjadi disebabkan oleh situasi yang sudah berbeda.
Pada tahun 1980an, terdapat net sell Emas oleh Bank Sentral dimana Gordon Brown sempat menjual 60% cadangan Emas hingga akhir 2002, sedangkan saat ini Bank Sentral terindikasi melakukan net buy Emas hingga 350 ton, yang sekaligus merupakan rekor pembelian yang baru.
Bank Sentral yang banyak melakukan pembelian Emas terutama dari negara yang memiliki kondisi fiskal dan surplus perdagangan yang tinggi, seperti Russia, China dan Amerika Latin.
Kamis, 17 November 2011
Fundamental Analysis, November 17th 2011
Euro falls to 5-week lows as debt crisis deepens
The euro fell to five-week lows against the dollar and yen on Wednesday as rising French and Italian borrowing costs heightened concerns about contagion in the euro zone debt crisis.
The European Central Bank's purchase of Italian and Spanish bonds brought only temporary relief. Once intervention stopped, yields resumed climbing as investors doubted how much the ECB can buy to support the bond market.
Analysts expect the euro to remain under pressure as troubles in the periphery appear to be spreading to core nations in Europe with France the latest target of investor angst as policy makers remain behind the curve in finding a solution to the region's debt problems.
"The euro/dollar is being pushed and pulled by many things in the market of late, but ECB intervention in the Italian and Spanish bond markets seems to give the pair some support and comfort today," said Greg Michalowski, chief currency analyst at FXDD, a retail brokerage in New York. "Tomorrow Spain is scheduled to sell 4 billion 10 year bonds. How that auction goes will give the market a clue as to the real demand from investors."
The common currency also came under pressure after Italian bank UniCredit <CRDI.MI> said it would ask the ECB to extend its access to funding, stoking concerns about the health of euro zone banks.
"Markets are slowly losing their will to believe in an EU solution, and this is being reflected in the debt market," said Paul Bregg, a currency trader at Western Union Business Solutions in Denver, Colorado.
Wall Street falls, eyes banking contagion
U.S. stocks fell on Wednesday, with selling accelerating late in the session on more warnings about the potential impact of the euro zone's debt crisis on the global economy and the banking system.
Worries about growth weighed on sensitive sectors like financials and materials. Losses deepened after ratings agency Fitch said even though the outlook on the U.S. banking industry is stable, it could worsen if the euro-zone's debt crisis is not resolved quickly.
Earlier, Moody's cut ratings on various German public sector banks, citing a lower likelihood of external support if it were required.
Fears are growing that the euro zone's crisis is moving to economies that had been considered more protected from the problems. The yield spread of 10-year French government bonds over their German equivalents widened to a euro-era high.
The Bank of Japan voiced concern about possible negative effects on Japan's growth from Europe's debt crisis, while England's central bank slashed its growth forecasts.
Markets sagged overnight as investors reacted to rising yields overseas. The concern is that euro-zone leaders will be unable to enact reforms to reduce debt and promote growth. The U.S. equity market's swings have become increasingly tied to gyrations in European credit markets.
The Dow Jones industrial average <.DJI> lost 190.57 points, or 1.58 percent, to 11,905.59. The Standard & Poor's 500 <.SPX> fell 20.90 points, or 1.66 percent, to 1,236.91. The Nasdaq Composite <.IXIC> dropped 46.59 points, or 1.73 percent, to 2,639.61.
Gold drops on easing U.S. prices, euro worries
Gold fell on Wednesday, pressured by easing U.S. consumer prices and uncertainty after a clash between France and Germany over whether the European Central Bank should do more to stem the region's debt crisis.
Bullion, used as an inflation hedge by investors, slipped on news that U.S. consumer prices fell in October for the first time in four months, reinforcing a view that inflation is poised to trend lower amid slow economic growth.
Also weighing on gold were European sovereign debt fears. France, which has faced rising borrowing costs as its "AAA" credit rating was at risk, appeared to plead for stronger ECB action, but Germany disagreed with that view.
U.S. gold futures for December delivery <GCZ1> settled down $7.90 at $1,774.30 an ounce.
U.S. crude ends above $102 on pipeline plan
U.S. crude futures jumped sharply on Wednesday on news of plans to reverse the Seaway crude oil pipeline next year, a move expected to help relieve an oil glut at the Cushing, Oklahoma hub.
Brent crude futures tumbled intraday and the pipeline news prompted more unwinding of Brent's premium to its U.S. counterpart.
The Seaway news overshadowed a weekly inventory report from the U.S. Energy Information Administration that showed crude stocks fell, but not as much as expected, last week.
U.S. crude stocks dropped 1.06 million barrels, distillate stocks fell 2.14 million barrels and gasoline stocks rose 992,000 barrels in the week to Nov. 11, the EIA said. [EIA/S]
Ahead of the inventory report, U.S. crude stocks were expected to have fallen 1.2 million barrels, according to a Reuters survey of analysts. Gasoline stocks were estimated to have fallen 700,000 barrels and distillate inventories were expected to be down 2.1 million barrels.
On the New York Mercantile Exchange, December crude <CLZ1> rose $3.22, or 3.24 percent, to settle at $102.59 a barrel, having traded from $98.39 to $102.89.
Nikkei to slip, stick to tight range amid Europe uncertainty
The Nikkei share average is likely to slip on Thursday and stick to a tight range after U.S. stocks tumbled overnight on rising fears about contagion from Europe's debt market woes.
Bond market turmoil is spreading across Europe, with Italian 10-year bond yields rising back above 7 percent, while yields on bonds issued by France, the Netherlands and Austria -- which along with Germany form the core of the euro zone -- have also climbed.
Wall Street fell overnight, with selling accelerating late in the session after a Fitch Ratings report warned that U.S. banks have direct exposure to stressed European markets and that contagion poses a serious risk.
The dollar is threatening to fall below 77 yen, down from a high around 79.50 yen hit after Japan's intervention on Oct. 31
Bank of Japan Governor Masaaki Shirakawa said on Wednesday that Europe's debt crisis may trip up the global economy after a two-day policy review, where the Japanese central bank nevertheless refrained from further action.
The benchmark Nikkei <.N225> is expected to trade in a range of 8,350 to 8,500 on Thursday, strategists said. Nikkei futures in Chicago ended at 8,390, down 60 points from their Osaka close of 8,450. <JNIc1>.
On Wednesday, the Nikkei fell 0.9 percent to 8,463.16, and the broader Topix index <.TOPX> also shed 0.9 percent to 724.11.
Seoul shares seen lower; eyes on banks, retailers
Seoul shares are seen starting lower on Thursday amid growing doubts that governments in Europe can contain the region's debt crisis, with banking stocks seen particularly weak.
France and Germany, Europe's two central powers, clashed on Wednesday over whether the European Central Bank should intervene more forcefully to halt the euro zone's accelerating debt crisis after modest bond purchases failed to calm markets.
Banking stocks such as KB Financial Group <105560.KS> may be hurt amid growing wariness about the sector and after the S&P financial sector index <.GSPF> fell 2.5 percent.
The Korea Composite Stock Price Index (KOSPI) <.KS11> ended down 1.59 percent at 1,856.07 points on Wednesday, after rising to as high as 1,911.33 points.
HK shares seen weaker, banks in focus
Hong Kong stocks were expected to fall for a third-straight session on Thursday in low turnover, with banks in particular focus on growing fears of global contagion from the euro zone's lingering debt crisis.
Sectors seen more sensitive to economic growth, such as commodities-related ones, could suffer the brunt of investors' aversion to riskier assets on more warnings about the impact of the European crisis on the global economy.
HSBC Holdings Plc <0005.HK>, Europe's largest bank, could come under more pressure on Thursday, after sinking to its lowest point in about a month on Wednesday.
On Wednesday, the Hang Seng Index <.HSI> erased gains it made after a sharp tumble on Nov. 10, falling 2 percent to finish at 18,960.9 points, dragged by weakness in financials and property developers.
Elsewhere in Asia, Japan's benchmark Nikkei <.N225> was trading down 0.6 percent at 8,416.9 points, while the Korea Composite Stock Price Index (KOSPI) <.KS11> was trading 0.9 percent lower at 1,838.1 points at 0055 GMT.
Source : Reuters
The euro fell to five-week lows against the dollar and yen on Wednesday as rising French and Italian borrowing costs heightened concerns about contagion in the euro zone debt crisis.
The European Central Bank's purchase of Italian and Spanish bonds brought only temporary relief. Once intervention stopped, yields resumed climbing as investors doubted how much the ECB can buy to support the bond market.
Analysts expect the euro to remain under pressure as troubles in the periphery appear to be spreading to core nations in Europe with France the latest target of investor angst as policy makers remain behind the curve in finding a solution to the region's debt problems.
"The euro/dollar is being pushed and pulled by many things in the market of late, but ECB intervention in the Italian and Spanish bond markets seems to give the pair some support and comfort today," said Greg Michalowski, chief currency analyst at FXDD, a retail brokerage in New York. "Tomorrow Spain is scheduled to sell 4 billion 10 year bonds. How that auction goes will give the market a clue as to the real demand from investors."
The common currency also came under pressure after Italian bank UniCredit <CRDI.MI> said it would ask the ECB to extend its access to funding, stoking concerns about the health of euro zone banks.
"Markets are slowly losing their will to believe in an EU solution, and this is being reflected in the debt market," said Paul Bregg, a currency trader at Western Union Business Solutions in Denver, Colorado.
Wall Street falls, eyes banking contagion
U.S. stocks fell on Wednesday, with selling accelerating late in the session on more warnings about the potential impact of the euro zone's debt crisis on the global economy and the banking system.
Worries about growth weighed on sensitive sectors like financials and materials. Losses deepened after ratings agency Fitch said even though the outlook on the U.S. banking industry is stable, it could worsen if the euro-zone's debt crisis is not resolved quickly.
Earlier, Moody's cut ratings on various German public sector banks, citing a lower likelihood of external support if it were required.
Fears are growing that the euro zone's crisis is moving to economies that had been considered more protected from the problems. The yield spread of 10-year French government bonds over their German equivalents widened to a euro-era high.
The Bank of Japan voiced concern about possible negative effects on Japan's growth from Europe's debt crisis, while England's central bank slashed its growth forecasts.
Markets sagged overnight as investors reacted to rising yields overseas. The concern is that euro-zone leaders will be unable to enact reforms to reduce debt and promote growth. The U.S. equity market's swings have become increasingly tied to gyrations in European credit markets.
The Dow Jones industrial average <.DJI> lost 190.57 points, or 1.58 percent, to 11,905.59. The Standard & Poor's 500 <.SPX> fell 20.90 points, or 1.66 percent, to 1,236.91. The Nasdaq Composite <.IXIC> dropped 46.59 points, or 1.73 percent, to 2,639.61.
Gold drops on easing U.S. prices, euro worries
Gold fell on Wednesday, pressured by easing U.S. consumer prices and uncertainty after a clash between France and Germany over whether the European Central Bank should do more to stem the region's debt crisis.
Bullion, used as an inflation hedge by investors, slipped on news that U.S. consumer prices fell in October for the first time in four months, reinforcing a view that inflation is poised to trend lower amid slow economic growth.
Also weighing on gold were European sovereign debt fears. France, which has faced rising borrowing costs as its "AAA" credit rating was at risk, appeared to plead for stronger ECB action, but Germany disagreed with that view.
U.S. gold futures for December delivery <GCZ1> settled down $7.90 at $1,774.30 an ounce.
U.S. crude ends above $102 on pipeline plan
U.S. crude futures jumped sharply on Wednesday on news of plans to reverse the Seaway crude oil pipeline next year, a move expected to help relieve an oil glut at the Cushing, Oklahoma hub.
Brent crude futures tumbled intraday and the pipeline news prompted more unwinding of Brent's premium to its U.S. counterpart.
The Seaway news overshadowed a weekly inventory report from the U.S. Energy Information Administration that showed crude stocks fell, but not as much as expected, last week.
U.S. crude stocks dropped 1.06 million barrels, distillate stocks fell 2.14 million barrels and gasoline stocks rose 992,000 barrels in the week to Nov. 11, the EIA said. [EIA/S]
Ahead of the inventory report, U.S. crude stocks were expected to have fallen 1.2 million barrels, according to a Reuters survey of analysts. Gasoline stocks were estimated to have fallen 700,000 barrels and distillate inventories were expected to be down 2.1 million barrels.
On the New York Mercantile Exchange, December crude <CLZ1> rose $3.22, or 3.24 percent, to settle at $102.59 a barrel, having traded from $98.39 to $102.89.
Nikkei to slip, stick to tight range amid Europe uncertainty
The Nikkei share average is likely to slip on Thursday and stick to a tight range after U.S. stocks tumbled overnight on rising fears about contagion from Europe's debt market woes.
Bond market turmoil is spreading across Europe, with Italian 10-year bond yields rising back above 7 percent, while yields on bonds issued by France, the Netherlands and Austria -- which along with Germany form the core of the euro zone -- have also climbed.
Wall Street fell overnight, with selling accelerating late in the session after a Fitch Ratings report warned that U.S. banks have direct exposure to stressed European markets and that contagion poses a serious risk.
The dollar is threatening to fall below 77 yen, down from a high around 79.50 yen hit after Japan's intervention on Oct. 31
Bank of Japan Governor Masaaki Shirakawa said on Wednesday that Europe's debt crisis may trip up the global economy after a two-day policy review, where the Japanese central bank nevertheless refrained from further action.
The benchmark Nikkei <.N225> is expected to trade in a range of 8,350 to 8,500 on Thursday, strategists said. Nikkei futures in Chicago ended at 8,390, down 60 points from their Osaka close of 8,450. <JNIc1>.
On Wednesday, the Nikkei fell 0.9 percent to 8,463.16, and the broader Topix index <.TOPX> also shed 0.9 percent to 724.11.
Seoul shares seen lower; eyes on banks, retailers
Seoul shares are seen starting lower on Thursday amid growing doubts that governments in Europe can contain the region's debt crisis, with banking stocks seen particularly weak.
France and Germany, Europe's two central powers, clashed on Wednesday over whether the European Central Bank should intervene more forcefully to halt the euro zone's accelerating debt crisis after modest bond purchases failed to calm markets.
Banking stocks such as KB Financial Group <105560.KS> may be hurt amid growing wariness about the sector and after the S&P financial sector index <.GSPF> fell 2.5 percent.
The Korea Composite Stock Price Index (KOSPI) <.KS11> ended down 1.59 percent at 1,856.07 points on Wednesday, after rising to as high as 1,911.33 points.
HK shares seen weaker, banks in focus
Hong Kong stocks were expected to fall for a third-straight session on Thursday in low turnover, with banks in particular focus on growing fears of global contagion from the euro zone's lingering debt crisis.
Sectors seen more sensitive to economic growth, such as commodities-related ones, could suffer the brunt of investors' aversion to riskier assets on more warnings about the impact of the European crisis on the global economy.
HSBC Holdings Plc <0005.HK>, Europe's largest bank, could come under more pressure on Thursday, after sinking to its lowest point in about a month on Wednesday.
On Wednesday, the Hang Seng Index <.HSI> erased gains it made after a sharp tumble on Nov. 10, falling 2 percent to finish at 18,960.9 points, dragged by weakness in financials and property developers.
Elsewhere in Asia, Japan's benchmark Nikkei <.N225> was trading down 0.6 percent at 8,416.9 points, while the Korea Composite Stock Price Index (KOSPI) <.KS11> was trading 0.9 percent lower at 1,838.1 points at 0055 GMT.
Source : Reuters
Technical Analysis November 17th 2011
CURRENCY | RANGE | TREND | RESISTANCE | SUPPORT | BUY | SELL | OBJ | CUT |
EUR/USD | 1.3370-1.3540 | Down | 1.3600 | 1.3420 | 1.3480 | 1.3370 | 1.3540 | |
1.3540 | 1.3360 | |||||||
USD/JPY | 76.30-78.00 | Up | 78.10 | 76.30 | 76.90 | 78.00 | 76.30 | |
77.50 | 75.70 | |||||||
GBP/USD | 1.5630-1.5810 | Down | 1.5870 | 1.5690 | 1.5750 | 1.5630 | 1.5810 | |
1.5810 | 1.5630 | |||||||
USD/CHF | 0.9100-0.9270 | Up | 0.9280 | 0.9100 | 0.9160 | 0.9270 | 0.9100 | |
0.9220 | 0.9040 | |||||||
AUD/USD | 0.9990-1.0160 | Down | 1.0220 | 1.0040 | 1.0100 | 0.9990 | 1.0160 | |
1.0160 | 0.9980 | |||||||
NIKKEI | 8250-8430 | Down | 8490 | 8310 | 8370 | 8250 | 8430 | |
8430 | 8240 | |||||||
HANGSENG | 18550-18730 | Down | 18790 | 18610 | 18670 | 18550 | 18730 | |
18730 | 18540 | |||||||
KOSPI | 237.90-239.70 | Down | 240.30 | 238.50 | 239.10 | 237.90 | 239.70 | |
239.70 | 237.80 | |||||||
GOLD | 1737.40-1759.90 | Up | 1759.90 | 1737.40 | 1744.90 | 1759.90 | 1737.40 | |
1752.40 | 1729.90 |
Euro Tertahan Di Support Kuat
Hari ini pergerakan Euro terlihat tertahan di area support kuat dimana ada peluang harga akan melakukan rebound dan bergerak ke atas. Secara teknikal indikator stochastic berada dalam kondisi bullish. Pecahnya resistan 1.35174 berpotensi akan membawa euro mengambil keuntungan terhadap dollar dan bergerak menuju resistan 1.36185. Sebaliknya jika support 1.34270 ditembus maka harga cenderung akan melemah dan bergerak ke bawah menuju support terdekatnya di kisaran 1.33414.

Kepercayaan Konsumen Inggris Anjlok
Nationwide Building Society, penyedia hipotek ketiga terbesar di Inggris mengatakan indeks kepercayaan konsumen anjlok menjadi 36 selama bulan Oktober dari 45 di bulan September. Angka terendah sejak awal bulan Mei 2004 dan di bawah rata-rata sebesar 78. Data menegaskan ekonomi Inggris memburuk dan krisis perekonomian zona Eropa kian melambatkan pemulihan. Jumlah pengangguran di Inggris berada di level tinggi 17 tahun sementara kenaikan pendapatan pekerja kurang dari setengah tingkat inflasi. Hari Rabu (16/11) Bank of England membeli obligasi pemerintah senilai GBP75 miliar setelah sebelumnya juga membeli obligasi senilai GBP200 miliar untuk menstimulasi ekonomi. BoE mengatakan bahwa prospek pertumbuhan memburuk. Menurut Nationwide hanya 3% konsumen yang beranggapan bahwa kondisi ekonomi baik sementara 76% mengatakan hal sebaliknya. Survey yang dilakukan terhadap 1,000 orang dilakukan antara 26 Spetember - 23 Oktober.
Indeks yang merefleksikan sentimen mengenai ekonomi, pasar tenaga kerja dan pendapatan rumah tangga untuk enam bulan mendatang merosot 14 poin menjadi 48 dalam bulan Oktober. Konsumen melihat saat ini merupakan saat yang bagus untuk membeli rumah atau mobil yang nilainya juga merosot. "Pada awal bulan Oktober, Bank of England melanjutkan skema pembelian aset yang diharapkan dapat menstimulasi ekonomi beberapa bulan mendatang meski diperlukan waktu lebih lama sebelum hasilnya dapat dirasakan konsumen," menurut Robert Gardner, kepala ekonom Nationwide.
Permintaan Safe Haven Bantu Emas
Kecemasan mengenai harga yield obligasi zona Eropa yang membumbung akan mendorong harga emas dalam beberapa sesi mendatang, menurut laporan Mitsui Global Precious Metals. Awal pekan ini, bursa mencatat permintaan emas fisik di bawah $1,770 per troy ons juga membantu menaham pelemahan harga. Spot emas di $1,761.30/ons, turun 90 sen dari level penutupan. Untuk jangka pendek, trader memperkirakan level psikologi resistance emas di kisaran $1,800/ons. Saat ini emas diperdagangkan di bawah level pada 8 November.
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