CURRENCY | RANGE | TREND | RESISTANCE | SUPPORT | BUY | SELL | OBJ | CUT |
EUR/USD | 1.3400-1.3570 | Down | 1.3630 | 1.3450 | 1.3510 | 1.3400 | 1.3570 | |
1.3570 | 1.3390 | |||||||
USD/JPY | 76.20-77.90 | Up | 78.00 | 76.20 | 76.80 | 77.90 | 76.20 | |
77.40 | 75.60 | |||||||
GBP/USD | 1.5540-1.5720 | Down | 1.5780 | 1.5600 | 1.5660 | 1.5540 | 1.5720 | |
1.5720 | 1.5540 | |||||||
USD/CHF | 0.9090-0.9260 | Up | 0.9270 | 0.9090 | 0.9150 | 0.9260 | 0.9090 | |
0.9210 | 0.9030 | |||||||
AUD/USD | 0.9770-0.9940 | Down | 1.0000 | 0.9820 | 0.9880 | 0.9770 | 0.9940 | |
0.9940 | 0.9760 | |||||||
NIKKEI | 8030-8210 | Down | 8270 | 8090 | 8150 | 8030 | 8210 | |
8210 | 8020 | |||||||
HANGSENG | 17790-17970 | Down | 18030 | 17850 | 17910 | 17790 | 17970 | |
17970 | 17780 | |||||||
KOSPI | 232.60-234.40 | Down | 235.00 | 233.20 | 233.80 | 232.60 | 234.40 | |
234.40 | 232.50 | |||||||
GOLD | 1696.10-1674.10 | Down | 1704.10 | 1681.60 | 1689.10 | 1674.10 | 1696.60 | |
1696.60 | 1674.10 |
Selasa, 22 November 2011
Technical Analysis November 22nd 2011
Kelam! Euro Kian Larut Dalam Keterpurukan
Hingga sesi perdagangan siang di hari Selasa (22/11) mata uang tunggal Euro masih terdegradasi di zona negatif dengan bergerak lesu di kisaran $1.3460/70.Sulitnya EUR untuk keluar dari kawasan merah terutama akibat lambatnya perkembangan penanganan masalah utang baik di Eropa maupun di Amerika. Selain itu meningkatnya ketegangan politik di kawasan Eropa, juga menambah kecemasan bahwa krisis hutang akan semakin berlarut-larut. Bahkan berita positif kemenangan besar partai oposisi dalam pemilu Spanyol, yang akan memberi jalan bagi reformasi fiskal, belum mampu juga memacu optimisme terhadap penyelesaian masalah ekonomi.
Dan pesimisme makin bertambah setelah gagalnya kesepakatan ‘super komite’ anggota parlemen AS untuk mencapai kesepakatan pemangkasan defisit anggaran AS. Dan tentunya berita negatif ini merupakan pukulan bagi kepercayaan pasar yang sudah dialami selama berminggu-minggu akibat krisis utang zona Euro yang belum juga tuntas.
Alhasil, Euro masih akan terus larut dalam keterpurukan seiring berlarutnya krisis utang Eropa yang penanganannya sampai kini belum bisa diharapkan.
Senin, 21 November 2011
EURUSD Incar 1.3340 Jika Anjlok Dibawah 1.3425
Bias intraday secara keseluruhan masih condong kebawah selama harga bertahan dibawah area 1.3615 - 1.3660, untuk mengincar target bawahnya di 1.3340 & area strong support 1.3230, terutama jika harga berhasil anjlok & closing daily dibawah area 1.3425.
Di sisi atasnya, berbalik lagi diatas area 1.3485 berpotensi membawa harga ke zona netral di jangka pendek menguji area 1.3615. William %R masih netral di grafik H1, namun masih dalam zona oversold pada grafik H4 & Daily.
GBPUSD Masih Solid Didalam Channel Bearish
Bias intraday masih bearish di jangka pendek mengincar target area 1.5475, bagaimanapun masih dibutuhkan penembusan dan closing daily dibawah area 1.5630 untuk memicu momentum bearish lebih lanjut.
Di sisi atasnya, resisten terdekat ada di area 1.5690, tembus secara konsisten diatas area tersebut dapat membawa harga kembali ke zona netral di jangka pendek menguji area 1.5765, namun selama harga masih bertahan didalam channel bearish pada grafik H1, skenario bearish secara keseluruhan masih utuh dan lebih cocok untuk menggunakan strategi short sell on rallies.
Moody’s Peringatkan Kualitas Kredit Prancis
Lembaga pemeringkat kredit Moody’s Investors Service mengeluarkan peringatan di hari Senin bahwa outlook stabil pada rating triple-A Prancis berada dalam tekanan, suatu indikasi lainnya bahwa krisis utang zona Eropa telah menular dari negara kecil ke negara ekonomi inti lainnya.Dalam outlook kredit mingguan, pejabat senior Moody’s Alexander Kockerbek memperingatkan kenaikan biaya pinjaman Moodys jika bertahan maka dapat membahayakan situasi fiskal negara tersebut terutama jika dikombinasi dengan kondisi domestik yang makin memburuk dan kondisi ekonomi eksternal.
Pelebaran spread yield Prancis dan Jerman untuk surat utang tenor 10-tahun pekan lalu juga merupakan yang terlebar sejak era zona Eropa, ujar Mr. Kockerbeck. Dengan prediksi pertumbuhan GDP real hanya sekitar 1% di 2012, maka target reduksi defisit fiskal akan sulit diraih. Maka langkah tambahan perlu diambil untuk mengembalikan kualitas kredit Prancis.
GBPUSD: Bias Cenderung Flat, Resistance 1.5759, Support 1.5729
Bias Cable pada grafik 1-jam saat ini masih cenderung flat dengan resistance terdekatnya pada kisaran 1.5759 dan support pada kisaran 1.5729. Secara teknikal pecahnya level resistance tersebut membuka peluang penguatan menuju area 1.5789. Namun sebaliknya pecahnya level support pada kisaran 1.5729 berpotensi kuat memicu terjadinya pergerakan bearish lanjutan menuju area 1.5710 hingga 1.5695.
EURUSD: Masuk Fase Konsolidasi di Kisaran 1.3508 – 1.3548
Pergerakan EURUSD pada grafik 1-jam memasuki fase konsolidasi pada kisaran 1.3508 hingga 1.3548. Saat ini pergerakan EURUSD terlihat menguji area resistance dikisaran 1.35486 dimana pecahnya level tersebut berpeluang memicu terjadinya pergerakan bullish menuju area 1.3573 hingga 1.3612. Namun sebaliknya waspadai koreksi yang mungkin terjadi dengan membidik area support dikisaran 1.3508 hingga area bullish trendline jika resistance tersebut mampu bertahan. Hal tersebut kemudian diperkuat oleh kondisi pergerakan CCI dan Stochasti yang telah mendekati area overbought.
Fundamental Analysis, November 21st 2011
Euro up but ECB uncertainty, US deficit debate weigh
Investors will remain wary of placing bets in favor of the euro, with issues on both sides of the Atlantic likely to contain risk appetite.
While the euro rose against the dollar on Friday on the possibility the European Central Bank and the International Monetary Fund will bail out bigger euro zone economies and borrowing costs for Italy and Spain eased, sentiment remained bearish.
The common currency fell for three straight weeks as fears persisted that the debt crisis could engulf major euro zone states such as France and trigger a break-up of the 17-nation bloc.
"While we had some consolidation today, the overall dynamics for the euro remain weak and we expect it to end the year at around $1.29," said Mark McCormick, currency strategist at Brown Brothers Harriman in New York.
"There is not much clarity on what is needed to support the euro zone as a whole," he said. "The ECB remains reluctant to increase purchases of periphery bonds and the EFSF (European Financial Stability Facility) has not yet been fully implemented."
Yields on Italian and Spanish bonds eased after the ECB stepped in to stabilize the market, but fears remain that both countries' borrowing costs are at unsustainable levels.
Euro zone officials said there have been discussions that the ECB could lend to the IMF to provide the fund with enough money to bail out even the biggest euro zone countries.
Market eyes Europe, DC after worst week in 8
The worst week for U.S. stocks in two months ended with traders mostly sitting it out on Friday as they waited for politicians in Europe and the United States to tackle festering debt problems.
The Dow and S&P 500 were little changed and the Nasdaq composite index fell.
Friday's directionless market showed more exhaustion than relief as Europe remained investors' primary worry. Stocks found support after Italian and Spanish bond yields fell thanks to buying by the European Central Bank.
In the United States, doubts grew whether a bipartisan committee could come up with budget cuts and tax increases that Congress can agree on next week.
A major question has been whether the European Central Bank will find a way to act as a lender of last resort in the manner of the U.S. Federal Reserve. Speculation has grown the ECB could lend money to the International Monetary Fund to bail out some euro zone members.
The Dow Jones industrial average <.DJI> gained 25.43 points, or 0.22 percent, to 11,796.16. The S&P 500 <.SPX> dipped 0.48 point, or 0.04 percent, to 1,215.65. The Nasdaq Composite <.IXIC> lost 15.49 points, or 0.60 percent, to 2,572.50.
Gold posts biggest weekly loss since Sept
Gold tracked equity markets to end slightly higher on Friday, even though persistent euro zone debt worries and margin liquidation from other markets sent bullion to its largest weekly loss since September.
Bullion regained its footing after Thursday's sell-off, climbing above key chart support at its 50-day moving average, a level it breached during the previous session. Gold lost 3.5 percent this week, its worst performance in nearly two months.
This trend was reinforced this week as the rift between Germany and other major European powers widened over whether the European Central Bank should start printing money to deal with the region's two-year-old debt crisis. German Chancellor Angela Merkel resisted calls for the ECB to backstop other governments.
U.S. December gold futures <GCZ1> settled up $4.90 at $1,725.10 an ounce.
Crude ends down on profit-taking as Dec exits
U.S. crude futures fell for a second straight day on Friday as an early rally due to a weaker dollar faded, giving way to profit-taking as traders liquidated December positions before the contract expired at the close.
For the week, U.S. crude futures finished with their first weekly loss in seven as the market tested key technical trendlines following six weeks of gains.
In early trading, prices rose back to above $100 as the euro gained on talk that the European Central Bank and the International Monetary Fund would bail out bigger European economies. [USD/]
But skepticism on how that might work soon set in and liquidations in the December crude contract accelerated, shifting the market's direction lower.
December crude posted the week's high of $103.37 on Thursday, highest intraday since May 31, and dropped to the week's low at $96.70 on Friday.
Continuing worries about how the euro zone might resolve its debt crisis remain a deterrent to any swift advance back to $100 and beyond for U.S. crude, analysts said.
On the New York Mercantile Exchange, December crude <CLZ1> expired and settled at $97.41 a barrel, falling $1.41, or 1.43 percent.
Nikkei set to edge lower amid Europe, US worries
The Nikkei average is likely to edge down on Monday, as newly installed European leaders grapple with parlous finances and a U.S. bipartisan committee inches closer to a deficit reduction deadline.
Nishi said the yen's strength against the euro and the dollar was also pressuring the market.
The benchmark Nikkei <.N225> is expected to trade in a range of 8,350 to 8,450 on Monday, strategists said.
New leaders in Greece, Italy, and now Spain are rushing to enact austerity measures amid bond yields close or at 7 percent ahead of a meeting with euro zone leaders later this month to finalise the European Financial Stability Facility (EFSF).
In the U.S., the bipartisan deficit-reduction committee could come up empty handed at midnight on Wednesday, congressional aides said, and fail to meet their deadline to find $1.2 trillion in budget cuts over the next decade.
Nikkei futures in Chicago ended at 8,390, down 20 points from their Osaka close of 8,410. <JNIc1>.
On Friday, the benchmark Nikkei fell 1.2 percent to 8,374.91, its lowest level in more than a month. The broader Topix index <.TOPX> shed 1.1 percent to 719.98.
The Dow fell 2.9 percent, the S&P dropped 3.8 percent and the Nasdaq lost 4 percent last week.
Seoul shares seen recovering, eyes on ECB
Seoul shares are likely to open slightly higher on Monday as better-than-expected U.S. economic data and easing funding pressure on Italy and Spain from ECB bond purchases bring a measure of calm.
Italian and Spanish bond yields fell on Friday as the European Central Bank led purchases in the secondary market to halt spiraling debt costs, helping Italian 10-year government bond yields <IT10YT=TWEB> fall 9-basis points to 6.825 percent.
A yield of 7 percent is the threshold that most investors consider to be unsustainable and the level that required bailouts by countries such as Greece, Portugal, and Ireland.
The Korea Composite Stock Price Index (KOSPI) <.KS11> ended down 2 percent at 1,839.17 points on Friday.
HK stocks could open lower, losses seen capped on charts
Hong Kong shares could open lower on Monday, with turnover likely crimped and top beta names remaining in focus, starting a week of trading likely to be choppy and driven by headlines out of Europe and the United States.
Benchmark indices are poised to be supported by chart technicals with fears lingering over the debt crisis in Europe. Any likely failure of the U.S. congressional deficit-reduction committee to bridge differences over taxes and spending would further weigh on sentiment.
The Hang Seng Index <.HSI> closed down 1.7 percent on Friday to 18,491.2 points, after testing the 18,435 level, its low on Oct. 24, earlier that day. The index closed 3.4 percent lower on the week, its third-straight weekly loss.
A gap that opened up on the charts between the high on Oct. 23 at about 18,082.4 and the low on Oct. 24 suggests there could be a steep fall should the 18,435 support level be broken.
Elsewhere in Asia, Japan's benchmark Nikkei was trading down 0.3 percent at 8351,6 points, while the Korea Composite Stock Price Index (KOSPI) <.KS11> was trading down 1.2 percent at 1,817.2 points at 0104 GMT.
Source : Reuters
Investors will remain wary of placing bets in favor of the euro, with issues on both sides of the Atlantic likely to contain risk appetite.
While the euro rose against the dollar on Friday on the possibility the European Central Bank and the International Monetary Fund will bail out bigger euro zone economies and borrowing costs for Italy and Spain eased, sentiment remained bearish.
The common currency fell for three straight weeks as fears persisted that the debt crisis could engulf major euro zone states such as France and trigger a break-up of the 17-nation bloc.
"While we had some consolidation today, the overall dynamics for the euro remain weak and we expect it to end the year at around $1.29," said Mark McCormick, currency strategist at Brown Brothers Harriman in New York.
"There is not much clarity on what is needed to support the euro zone as a whole," he said. "The ECB remains reluctant to increase purchases of periphery bonds and the EFSF (European Financial Stability Facility) has not yet been fully implemented."
Yields on Italian and Spanish bonds eased after the ECB stepped in to stabilize the market, but fears remain that both countries' borrowing costs are at unsustainable levels.
Euro zone officials said there have been discussions that the ECB could lend to the IMF to provide the fund with enough money to bail out even the biggest euro zone countries.
Market eyes Europe, DC after worst week in 8
The worst week for U.S. stocks in two months ended with traders mostly sitting it out on Friday as they waited for politicians in Europe and the United States to tackle festering debt problems.
The Dow and S&P 500 were little changed and the Nasdaq composite index fell.
Friday's directionless market showed more exhaustion than relief as Europe remained investors' primary worry. Stocks found support after Italian and Spanish bond yields fell thanks to buying by the European Central Bank.
In the United States, doubts grew whether a bipartisan committee could come up with budget cuts and tax increases that Congress can agree on next week.
A major question has been whether the European Central Bank will find a way to act as a lender of last resort in the manner of the U.S. Federal Reserve. Speculation has grown the ECB could lend money to the International Monetary Fund to bail out some euro zone members.
The Dow Jones industrial average <.DJI> gained 25.43 points, or 0.22 percent, to 11,796.16. The S&P 500 <.SPX> dipped 0.48 point, or 0.04 percent, to 1,215.65. The Nasdaq Composite <.IXIC> lost 15.49 points, or 0.60 percent, to 2,572.50.
Gold posts biggest weekly loss since Sept
Gold tracked equity markets to end slightly higher on Friday, even though persistent euro zone debt worries and margin liquidation from other markets sent bullion to its largest weekly loss since September.
Bullion regained its footing after Thursday's sell-off, climbing above key chart support at its 50-day moving average, a level it breached during the previous session. Gold lost 3.5 percent this week, its worst performance in nearly two months.
This trend was reinforced this week as the rift between Germany and other major European powers widened over whether the European Central Bank should start printing money to deal with the region's two-year-old debt crisis. German Chancellor Angela Merkel resisted calls for the ECB to backstop other governments.
U.S. December gold futures <GCZ1> settled up $4.90 at $1,725.10 an ounce.
Crude ends down on profit-taking as Dec exits
U.S. crude futures fell for a second straight day on Friday as an early rally due to a weaker dollar faded, giving way to profit-taking as traders liquidated December positions before the contract expired at the close.
For the week, U.S. crude futures finished with their first weekly loss in seven as the market tested key technical trendlines following six weeks of gains.
In early trading, prices rose back to above $100 as the euro gained on talk that the European Central Bank and the International Monetary Fund would bail out bigger European economies. [USD/]
But skepticism on how that might work soon set in and liquidations in the December crude contract accelerated, shifting the market's direction lower.
December crude posted the week's high of $103.37 on Thursday, highest intraday since May 31, and dropped to the week's low at $96.70 on Friday.
Continuing worries about how the euro zone might resolve its debt crisis remain a deterrent to any swift advance back to $100 and beyond for U.S. crude, analysts said.
On the New York Mercantile Exchange, December crude <CLZ1> expired and settled at $97.41 a barrel, falling $1.41, or 1.43 percent.
Nikkei set to edge lower amid Europe, US worries
The Nikkei average is likely to edge down on Monday, as newly installed European leaders grapple with parlous finances and a U.S. bipartisan committee inches closer to a deficit reduction deadline.
Nishi said the yen's strength against the euro and the dollar was also pressuring the market.
The benchmark Nikkei <.N225> is expected to trade in a range of 8,350 to 8,450 on Monday, strategists said.
New leaders in Greece, Italy, and now Spain are rushing to enact austerity measures amid bond yields close or at 7 percent ahead of a meeting with euro zone leaders later this month to finalise the European Financial Stability Facility (EFSF).
In the U.S., the bipartisan deficit-reduction committee could come up empty handed at midnight on Wednesday, congressional aides said, and fail to meet their deadline to find $1.2 trillion in budget cuts over the next decade.
Nikkei futures in Chicago ended at 8,390, down 20 points from their Osaka close of 8,410. <JNIc1>.
On Friday, the benchmark Nikkei fell 1.2 percent to 8,374.91, its lowest level in more than a month. The broader Topix index <.TOPX> shed 1.1 percent to 719.98.
The Dow fell 2.9 percent, the S&P dropped 3.8 percent and the Nasdaq lost 4 percent last week.
Seoul shares seen recovering, eyes on ECB
Seoul shares are likely to open slightly higher on Monday as better-than-expected U.S. economic data and easing funding pressure on Italy and Spain from ECB bond purchases bring a measure of calm.
Italian and Spanish bond yields fell on Friday as the European Central Bank led purchases in the secondary market to halt spiraling debt costs, helping Italian 10-year government bond yields <IT10YT=TWEB> fall 9-basis points to 6.825 percent.
A yield of 7 percent is the threshold that most investors consider to be unsustainable and the level that required bailouts by countries such as Greece, Portugal, and Ireland.
The Korea Composite Stock Price Index (KOSPI) <.KS11> ended down 2 percent at 1,839.17 points on Friday.
HK stocks could open lower, losses seen capped on charts
Hong Kong shares could open lower on Monday, with turnover likely crimped and top beta names remaining in focus, starting a week of trading likely to be choppy and driven by headlines out of Europe and the United States.
Benchmark indices are poised to be supported by chart technicals with fears lingering over the debt crisis in Europe. Any likely failure of the U.S. congressional deficit-reduction committee to bridge differences over taxes and spending would further weigh on sentiment.
The Hang Seng Index <.HSI> closed down 1.7 percent on Friday to 18,491.2 points, after testing the 18,435 level, its low on Oct. 24, earlier that day. The index closed 3.4 percent lower on the week, its third-straight weekly loss.
A gap that opened up on the charts between the high on Oct. 23 at about 18,082.4 and the low on Oct. 24 suggests there could be a steep fall should the 18,435 support level be broken.
Elsewhere in Asia, Japan's benchmark Nikkei was trading down 0.3 percent at 8351,6 points, while the Korea Composite Stock Price Index (KOSPI) <.KS11> was trading down 1.2 percent at 1,817.2 points at 0104 GMT.
Source : Reuters
Technical Analysis November 21st 2011
CURRENCY | RANGE | TREND | RESISTANCE | SUPPORT | BUY | SELL | OBJ | CUT |
EUR/USD | 1.3430-1.3600 | Up | 1.3610 | 1.3430 | 1.3490 | 1.3600 | 1.3430 | |
1.3550 | 1.3370 | |||||||
USD/JPY | 76.00-77.70 | Down | 78.30 | 76.50 | 77.10 | 76.00 | 77.70 | |
77.70 | 75.90 | |||||||
GBP/USD | 1.5700-1.5880 | Up | 1.5880 | 1.5700 | 1.5760 | 1.5880 | 1.5700 | |
1.5820 | 1.5640 | |||||||
USD/CHF | 0.9090-0.9260 | Down | 0.9320 | 0.9140 | 0.9200 | 0.9090 | 0.9260 | |
0.9260 | 0.9080 | |||||||
AUD/USD | 0.9920-1.0090 | Up | 1.0100 | 0.9920 | 0.9980 | 1.0090 | 0.9920 | |
1.0040 | 0.9860 | |||||||
NIKKEI | 8400-8580 | Up | 8590 | 8400 | 8460 | 8580 | 8400 | |
8520 | 8340 | |||||||
HANGSENG | 18570-18750 | Up | 18760 | 18570 | 18630 | 18750 | 18570 | |
18690 | 18510 | |||||||
KOSPI | 240.10-241.90 | Up | 242.00 | 240.10 | 240.70 | 241.90 | 240.10 | |
241.30 | 239.50 | |||||||
GOLD | 1706.10-1728.60 | Up | 1728.60 | 1706.10 | 1713.60 | 1728.60 | 1706.10 | |
1721.10 | 1698.60 |
Kilau Emas Meredup
Emas dapat melemah ke $1,680/ons, dalam jangka pendek, menurut Barclays Capital berdasarkan analisa teknikal. Logam mulia pekan lalu turun 3.6% di tengah kecemasan atas krisis hutang Eropa."Harga emas melemah seiring penguatan dollar. Pasar ekuiti menyimpang akibat kecemasan atas penularam krisis Eropa dan ketidak pastian ekonomi dunia dan pasar finansial." Barclays menambahkan harga emas turun di bawah $1,750/ons terkait permintaan fisik yang menurun. Spot emas di $1,715.80/ons, turun $9 dari level penutupan.
Sabtu, 19 November 2011
ECB Maksimum Beli Obligasi €20 M/Minggu
Bank Sentral Eropa (ECB) diam-diam terapkan batas maksimum untuk program pembelian obligasinya yakni sebanyak €20 miliar per minggu, menurut laporan harian Frankfurter Allgemeine Zeitung. Harian ini tidak cantumkan sumber beritanya, namun menulis batas maksimum telah ada sejak dimulainya program pembelian obligasi pada tahun 2010 meski dirahasiakan. Merebaknya skeptisisme akan strategi pembelian obligasi telah mendorong bank sentral untuk kurangi batas maksimum hingga €20 miliar. ECB menolak untuk berikan komentar atas laporan tersebut.Dewan gubernur memiliki wewenang untuk jumlah pembelian obligasi dan telah katakan tidak ada batas maksimum dan program pembelian obligasi bersifat sementara. Data bank sentral tunjukkan ECB hanya sekali lakukan pembelian melebihi €20 miliar yakni ketika aktifkan kembali program ini pada awal Agustus. Sejak pertengahan September, ECB hanya lakukan pembelian obligasi kurang dari €10 miliar.
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