Seoul Shares End Up
At the close of trading on the stock exchange yesterday South Korea, the Kospi ended positively, closed up 24.90 points, or 1.32 percent, at 1,908.84. Strengthening the Kospi index results FOMC minutes triggered the delay signaled a rate hike in the near term and rising crude oil prices.
Minutes from the latest meeting of the US Federal Reserve last night showed policy makers to consider changing their plans for a rate hike in 2016.
“If the most recent tightening of global financial conditions continuing, it could be a factor strengthening the downside risks” to the economy, according to the minutes of the US central bank’s policy meeting is on January 26 to 27.
The results of this treatise is signaling a rise in US interest rates is not done in the near future. Estimated previously planned by the Fed could happen four times the rate hike, it could be smaller than it might not even happen this year.
Yesterday afternoon in the Asian session, crude oil prices rose. US crude futures for March delivery rose 2.05 percent at $ 31.29 a barrel at 03:20 HK / SIN, while oil prices and global benchmark Brent futures gained 0.78 percent to $ 34.77.
At the close of stock trading yesterday, shares rose highest Film E shares rose 23.38%, shares rose 20.74% Chungho Comnet, Dongaone shares rose 17.49%, Kolao shares rose 13.3%, stocks Daesang HLDG rose 11.16%.
As for the Kospi index was observed futures rose 2.10 points or 0.90% at 234.60 positions, up from its previous close at 232.50.
This morning will be released the data expected economic indicators mixed. Data PPI (MoM) in January is expected to slow from previous results. While data of PPI (YoY) in January estimated slightly higher than the previous result.
Tonight will be released economic indicators data Initial Jobless Claims, which indicated increased. If these results are realized, it will be able to press Wall Street.
Likewise, the data tonight will be released weekly US crude inventories, which indicated increased. If realized, it will push the price of crude oil.
Technically,
Resistance: 235.35 235.80 236.80 High / Low: 235.35 / 234.15
Support: Running 233.20 234.00 234.50 Price: 234.90
Comment: For intraday trade today suggest Buy 234.00 stop loss at the level of 233.60 at the level of the target at the level of 236.00.
Sterling Gains On
Sterling rose from two-week lows against the US Dollar against the Euro and restoring trade, thanks to the strengthening of European stock markets, although concerns about Britain’s future in the European Union has the potential to limit the strengthening of sterling.
The British currency tends to move in tandem with riskier assets since the major national account deficit and interest rates are quite high compared to other developed countries. Focus is also focused on a two-day meeting of the European Council which starts on Thursday, the British Prime Minister, David Cameron, will attempt to secure more attractive terms for Britain’s membership in the European Union.
Analysts said Sterling will get great pressure if Britons choose to exit in a referendum that may be held as soon as June. The cost for hedging against fluctuations in the valuation of Sterling for next week near its highest levels since the British election in May last year. This indicates that investors will prepare their higher volatility.
Technically,
Resistance: 1.4360 1.4400 1.4445 High / Low: 1.4336 / 1.4325
Support: 1.4300 1.4260 1.4200 Running Price: 1.4327
Comment: For intraday trade today suggest at level Sell 1.4340 1.4376 stop loss at the level of the target at the level of 1.4243.
Gold Rebounds On Bargain Hunting
Gold prices ended the US trading session with solid gains in the previous day. Initially there was some profit taking but can be overcome by the influx of bargain hunters following the conditions of the US stock indexes were experiencing selling pressure.
Most world stock markets rose on Thursday, tracking crude oil prices higher to $ 32 per barrel. However, US stock indexes began to weaken and eventually recorded a loss in trading Thursday afternoon.
However, this week is still seen a strong rebound in world stock markets, following the selling pressure at the start of this year, which has recently been dragged into or approached partial index bearish territory.
Iranian reports say that it would not cut production of crude oil after the plans have been laid out earlier this week with Saudi Arabia, Russia and other world’s top crude exporter. However, other reports say Iran is still listening to colleagues on this issue. Iraq also does not commit to the plan. Reports said the discussions between OPEC producers and Russia is underway. Economy oil exporter, has been paralyzed by a fall in crude oil prices this year. Nymex crude prices retreated from intraday highs earlier, and in turn provide downward pressure on US stock indexes.
Technically,
Resistance: 1232.50 1234.80 1236.20 High / Low: 1232.30 / 1228.60
Support: 1225.00 1223.40 1221.20 Running Price: 1230.40
Comment: For intraday trade today suggest at level 1233.00 Sell 1235.50 stop loss at the level of the target at the level of 1223.00.
