Hong Kong Exchanges Exposure Negative
At the close of trading yesterday, the Hang Seng index in Hong Kong Stock Exchange closed down -16.98 points or -0.08 percent, at 20159.72. The weakening of the Hang Seng index depressed profit taking.
The weakening of the Hong Kong stock exchange yesterday occurred due to investor profit taking after the Hang Seng Index rose 10 percent during the last three weeks.
At the close of trading yesterday the shares are pressing the Hong Kong stock exchange Hang Seng Bank Ltd shares were down -4.86%, Power Assets Holdings Ltd shares fell -1.37%, shares of Galaxy Entertainment Group Ltd. fell -1.29%, China Mobile Ltd shares fell -1.23%, shares of HSBC Holdings PLC fell -1.19%.
While the movement of the Hang Seng index futures tracked down -90 points or -0.45% at 20,052.00, down from the previous closing at 20,142.00.
Data released yesterday Hong Kong’s foreign exchange reserves were written off gains on $ 359.9 billion, up from the previous $ 357 billion.
Analyst estimates that the movement of the Hang Seng Index today further strengthened potentially limited by the potential for strengthening the Shanghai stock exchange and the price of crude oil.
Technically,
Resistance: 20190 20310 20 390 Prev. High / Low: 20296/20062
Support: 20100 20020 19 860 Closed Price: 20142
Comment: For intraday trade today suggest Buy at level 20000 19950 stop loss at the level of the target at the level of 20 350.
EUR / USD Regain Momentum
Bulls EUR appears to have taken a breather in the Asian trading session, the EUR / USD is currently consolidating recent bullish movement this to the 200 DMA at 1.1045 level. EUR / USD exceeded the 1.1000.
Currently, EUR / USD is trading 0.08% at session highs 1.1027, finally penetrate the narrow range of 12-pipsnya. The pair looks to consolidate the 75-pips rally witnessed earlier in response to a report of the US labor market conditions are dismal, and managed to hold above 1.10.
EUR / USD found support from the extension of risk-off market profile into the Asian session, with the sell-off seen in Asian equities as a note of caution prevailing ahead of China’s trade balance data. Japan’s Nikkei fell -1.65%, Australia’s ASX 200 fell -0.45%, while the benchmark China, the Shanghai Composite Index fell -1.85%.
Looking ahead, the calendar EUR offers a second tier of important data today, including German industrial figures and the revision of euro zone GDP. In addition, the Eurozone ECOFIN meeting will take place during European hours. While there is no relevant from the US economic calendar.
Technically,
Resistance: 1.1050 1.1095 1.1140 High / Low: 1.1019 / 1.1009
Support: 1.0940 1.0900 1.0980 area Running Price: 1.1014
Comment: For intraday trade today suggest at level Sell 1.1055 1.1090 stop loss at the level of the target at the level of 1.0960.
Oil Market Trade Balance
Crude oil prices rocketed back on Monday thanks to investors who expect a decrease in surplus global supply and demand better of the two countries the world’s biggest consumer of crude.
Energy Minister’s comments on the United Arab Emirates yesterday support the strengthening of the price after saying the current price freeze has forced major manufacturers production.
Market participants also pointed to positive signs in China’s oil demand after uncovering five-year economic plan on the weekend and US employment growth solid, both considered potentially increase demand.
Crude oil prices on the trading session yesterday closed up 4.54% to $ 37.98 per barrel. Entering the overbought area, prices will weaken in the short term. Immediate support is in the range of 37.00, while the nearest esisten trading of crude oil are in the range of 38.70.
Technically,
Resistance: 38.10 38.60 39.00 High / Low: 37.96 / 37.79
Support: 37.40 36.80 36.30 Running Price: 37.84
Comment: For intraday trade today suggest Buy 37.00 stop loss at the level of 36.70 at the level of the target at the level of 38.30.
