Nikkei Opened Positively
Japan’s Nikkei Stock Index at the beginning of the beginning of the week the opening of trading on Monday (28/03) opened positively, when it was observed rose 103.02 points or 0.61 percent at 17105.77. Strengthening the Nikkei index triggered the weakening yen.
In trading this morning, the exchange rate was observed to weaken the Yen. Currency pair dollar / yen rose 0.41% at 113.54. A weaker yen is usually positive for the stock market, because it increases the major exporters, whereby when export proceeds are converted into the local currency will be higher.
This morning observed a major exporter stocks are trading mixed. Toyota shares flat, Nissan shares rose 0.6 percent and Honda was lower by 0.26 percent ..
As for the Nikkei index futures tracked up 120 points or 0.71% at 16.990, up compared to the previous closing at 16.870.
Technically,
Resistance: 17060 17110 17190 High / Low: 17040/16950
Support: 16920 16830 16750 Running Price: 17005
Comment: For intraday trade today suggest Sell at 17040 and stop loss at 17100 and target at 16810.
Euro Moves Against US Dollar
Euro exchange rate movements of the Asian session (01:20:35 GMT) consolidation moves against the US dollar, after opening down at 1.1159 in early trading (0000 GMT), the exchange rate Euro flat and is now rolling at 1.1159.
The euro still looks weak Asian session to respond to the strengthening of the dollar terrific acceleration sentiment continued rise after Fed rate reinforced by the fourth quarter US GDP data in 2015 were in line with expectations.
Her off financial markets European region today provides limited movement for the pair EURUSD and at the evening session the pair can change direction if the release of several US economic data is expected to show mixed data that eventually put pressure on profit-taking against the US dollar.
Technically,
Resistance: 1.1190 1.1230 1.1270 Prev. High / Low: 1.1160 / 1.1151
Support: 1.1110 1.1060 1.1010 Running Price: 1.1157
Comment: For intraday trade today suggest Buy at the level of 1.1100 stop loss at the level of 1.1065 targets 1.1198.
Gold Prices Depressed
Currency movements on Monday (28/3), the price of gold and silver was observed to weaken against the US dollar, as the greenback increased demand after the recovery in the US territory.
Ongoing Asian trading this morning, the pair gold futures contract in June tracked down 0.95% to trade at $ 1.211.90 per troy ounce on the Comex division of the US. As for May silver futures contracts tracked down 0:13% to $ 15,180 per troy ounce.
Demand greenback has experienced an increase since the end of last week, when the economic recovery better happen on US soil. Sign – a sign of improving US economic growth in the region has been shown by a report from the Bureau of Economic analysts as saying that the US gross domestic product growth has risen 1.4% in the fourth quarter of the previous results which recorded an increase of 1.0%.
Meanwhile, the Easter holiday atmosphere still enveloped the market sentiment at the beginning of this week. It is seen from the world’s central banks are still on holiday until today. Nevertheless, consumer spending report, personal income, and pending home sales in the US tonight volatility of price movements could potentially give back.
Technically,
Resistance: 1211.10 1213.60 1216.10 High / Low: 1214.00 / 1206.40
Support: 1207.70 1204.00 1203.40 Running Price: 1209.30
Comment: For intraday trade today suggest Buy at level 1205.00 and stop loss at 1203.00 and the target at the level of 1215.00.
