Nikkei Index Opened Negative
Japan’s Nikkei Stock Index at the opening of trading early in the week beginning on Monday (07/03) negative opened, when it was observed down -91.80 points or -0.54 percent at 16910.66. The weakening of the yen’s rise pressured the Nikkei index.
The Japanese yen also maintained its strength against. The exchange pair traded at 113.72 per 08:10 local time. Shares of Japanese exporters traded mixed, with shares of Toyota fell 0.83 percent and Nissan shares rose 1.19 percent.
The strengthening yen is usually a negative for exporters because it reduces their overseas profits when converted into local currency.
Strengthening Yen pushed the positive results of backup data DEISA Japanese rose. This morning released the data of foreign exchange reserves in February were recorded results of $ 1,254.1 billion, up from the previous $ 1,248.1 billion.
As for the Nikkei index futures tracked down -80 points or -0.47% at 16.920, down compared to the previous closing at 17,000.
Economic data released this afternoon Prel January Coincident Index, which is expected to fall slightly from the previous results. While data Prel January Leading Economic Index is expected to rise from previous results
Technically,
Resistance: 16990 17070 17210 High / Low: 17050/16905
Support: 16850 16760 16 690 Running Price: 16 920
Comment: For intraday trade today suggest Buy at the level of 16800 stop and reversal if break below level targets 16750 and targets at the level of 17 150 16610 at level of reversal.
AUD/USD Highest Level Touch Down
AUDUSD scored sharp gains throughout the weekend yesterday, to reach the highest level in eight months. But earlier this week (7/3), direct AUDUSD opened lower from Friday’s close, or open a gap down.
Some economic data last week pushed the strengthening of the Australian dollar as gross domestic product data and trade balance. Including the decision Reserve Bank of Australia (RBA) to maintain interest rates.
But the sharp rise in the Australian dollar even fueled speculation the RBA will take steps to curb the strengthening of the Australian dollar. Weaken rate Aussie transaction is still needed for the Australian economy, the strengthening of the Australian dollar could also impact on the weakening of inflation.
Technically,
Resistance: 0.7450 0.7490 0.7540 Prev. High / Low: 0.7423 / 0.7398
Support: 0.7380 0.7330 0.7280 Running Price: 0.7414
Comment: For intraday trade today suggest Sell at the level of 0.7450 stop loss at the level of 0.7486 the target at the level of 0.7352.
Gold Prices Down Thin
Gold prices edged at the end of trading on Friday, affected the increasing US payrolls data that exceeded forecasts.
US Labor market surged in February, showing the strength of the labor market which is more that could ease fears that the economy is heading into recession is expected and allowed the Federal Reserve gradually raise interest rates this year.
Nonfarm payrolls increased by 242,000 jobs last month, the US Labor Department said on Friday. The unemployment rate held at an eight-year lows at 4.9 percent describe more people into the labor market.
Gold spot gold price was down 0.02 percent at $ 1,258.71 an ounce, after falling 1.1 percent to $ 1,249.90.
While the price of US gold futures for April delivery closed up 1 percent at $ 1,270.70 an ounce and last traded at $ 1.260, up 0.14 percent.
For the week gold prices remain up about 3%. Precious metals have driven a 19 percent increase this year by economic concerns, which lead to volatility in equity and oil prices and boosted the appeal of gold as a safe haven.
Prices were also restrained rose after Federal Reserve Bank of Dallas President Robert Kaplan said he expects solid growth in the US economy this year and do not expect the economy fell into recession.
While the news of other metals, copper prices closed up nearly 3 percent, ending the week until 7:04 percent in its best weekly performance since December 2011.Harga silver futures rose 2.57 percent at $ 15.53 per ounce, while platinum futures prices rose 4, 1 percent at $ 981.00 an ounce and palladium prices rose 2.5 percent at $ 553.38 per ounce.
US Dollar at the weekend on Friday briefly rose after the results of the data the US payrolls rose more than expected, but at the end of trading the currency markets the weekend, the US dollar retreat pressured by a decline in the wages of US workers.
Earnings per hour on average US employment fell 0.1 percent from a month earlier, the first decline since December 2014, Labor Department figures indicated on Friday (04/03).
Technically,
Resistance : 1268.10 1270.60 1272.40 High / Low : 1268.40 / 1256.40
Support : 1253.70 1250.00 1247.10 Running Price : 1256.90
Comment : For intraday trade, suggest Sell at level at the level of 1258.10 and stop loss at level at the level of 1260.60 target at the level of 1248.10.
