Tuesday, July 25, 2006

REVIEW MARKET 25-7-2006

Regional currencies fell behind the strengthening dollar in various international foreign currency markets.
But the trade did not take place busy because the perpetrators of the market were waiting for the guidance of the new movement direction US dollar.
Dealer pay close attention to yuan after Beijing raised the obligatory reserve banking as big as 0,5%.
However the currency precisely descended after strengthening late last week.
The analyst said, the rise in the obligatory reserve banking apparently seldom reduced the appreciation pressure yuan further.
Rupiah weakened, but still could remain under the Rp level 9.
200 per dollar AS
At the beginning of the trade, rupiah was opened 9.
142 per US dollar.
Apart from being triggered by the profit action taking, the exchange rate rupiah also was pressured from the corporation to gaze at the month end by the increase in the request.
Struck 10.
00, rupiah was recorded 9.
180.
Be finished him the purchase transaction of the share of Gresik Cement by the Group of the Hawk also took part in becoming one of the trigger factors of the speculation in the market.
Share payment with a value of US$ 337 million to Cemex meant to have the request dollar that was big enough.
The group of the Hawk personally his plan will settle the purchase of his share on this day so as crossing the share can be carried out this coming Wednesday, July 26.
Time had lunch, rupiah was in the position 9.
178.
In the session in the afternoon, rupiah was traded in in the range 9.
175 and 9.
185.
The Price index of the Share of the Combination (IHSG) descended again 11.42 points in the level 1.
303,15
Rupiah spot was closed 9.
175 per US dollar on Monday, descended from 9.
142 in the closing on Friday the week lalu
Singaporen dollar was closed 1,5874 per US dollar, descended from 1,5811 last Friday.
In Bangkok, baht was closed 38,03 per the US shot, compared to 37,91 the previous day.
Ringgit dtutup 3,6900 against US dollar, descended from 3,6750 beforehand.
Yuan was closed 7,9853 per US dollar, compared to 7,9831 beforehand.
In Tokio, US dollar strengthened, with the step in the trader who carried out the position adjustment after last week dollar was stricken, resulting from ekpektasi the market that Fed will stop the policy of the rise in the interest.
With the nonexistence of the new economic data that is released today, of even more perpetrators of the market that did short covering dollar and encouraged US dollar rebound, said the analyst danpedagang.
Yen last week got urging from the first birthday of revaluation yuan, because the market estimated Beijing will take the step in the continuation reformed his currency.
Although not having the announcement about further reform, yen was supported by the Beijing statement that decided to raise the bank's reserve as big as 0,5% to cool down his economy.
The Nikkei index travelled by 26.76 points and was closed 14.
794,50.
US dollar finally was recorded 116,50 yen, descended from 116,13 sebelumnya
In London, dollar rebound against euro, after the market realised that the action sold dollar last week, as the reaction from his stopping possibility of the rise cycle in the interest, being excessive.
The analyst said, there were some perpetrators of the market that began back to ekspektasi originally, the possibility of the rise in the US interest next month.
That indeed still enabled if the newest economic data showed the increase in the activity perekonomian
Moreover, dealer said, the purchase dollar increased after the European Zone promissory note fell following the Israeli statement that was prepared to support the troops placement of the guard of the international security in south Lebanon.
The exchange rate exchanged dollar in the trade at noon, could be recorded as follows: Yen Japan: 116,20, descended from 116,81
Swiss Franc: 1,2403,turun from 1.
2436
Canadian Dollar: 1,1279, descended from 1,1311
Sterling against US dollar: 1,8533, rose from 1,8492
Euro against US dollar: 1,2658, rose from 1,2636 beforehand.

GOLD TRADING :
THE GOLD PRICE
In Comex New York, the price of gold was corrected in the opening yesterday.The contract was in August traded in 615,10 per ounce, descended from $620,20 from Friday.The price spot at 11 o'clock.31 GMT (18.31 WIB) on Monday was recorded $614,00, descended from $619,50 beforehand.In London, gold slipped to the lowered position in three last weeks along with the strengthening dollar.However per mintaan in the sector somewhat physical supported gold.The jewellers shop and the investor carried out the purchase, but limited.Another thing that pressed gold was to subside him the market concern towards the East problem.
The price descended although the Lebanon-Israel conflict was still continuing and this matter eliminated the reason for gold to rally, said James Steel from HSBC.The price in-fix $616,40 per ounce, descended from $625,70 sebelumnyaIn Asia, the price of gold was increasingly stricken, with rebound him dollar against various main currency the world.
pRICEcrude oil seldom softened, and gold could be increasingly dragged to bawah, the analyst's words.In the meantime, in Singapore, the investor and the jewellery shop did the purchase in the low price. the interest bought emerged in the level $620, although being not too big.We saw several physical purchases from Thailand, said dealer in Singapore.In Tokio, the position contract far, namely June 2007 was closed 2.317 yen per gram, descended 56 yen from before.In Singapore the last price was recorded $615,40 per ounce, descended from $626,00 beforehand.

analysis :US more berprobabilita strengthened after breaking down the psychological level, Sell as high as possible.

Tuesday, July 04, 2006

REVIEW MARKET 04-07-2006

In Tokio, dollar recovered from the lowered position in three last weeks, following the failure of this currency maintained rally beforehand.The Japanese central bank will hold the meeting two days from this coming July 13 in order to discusses the policy moneter Many observers and perdagang believed that the central bank will leave the policy of the flower zero percent.However there also is one that is pessimistic this matter will happen, considering the financial scandal that struck the governor BoJ could had consequences in the withdrawal himself and at the same time changed the step in the policy of the agency.The Nikkei index travelled by 66.44 points and was closed 15.571,62.US dollar finally was recorded 114,55 yen, compared to 114,45 beforehand.In London, euro strengthened to the most high-ranking position in three last weeks against dollar after the manufacture data of the European Union showed the growth that bigger from the estimate originally.This matter supported the estimate that the European Central Bank will speed up his step in increasing the interest.Several analysts estimated the rise in the interest to 3% will be maintained this week also, although the rise consensus continue to in August.However the trader said that the further strengthening from single European currency rather was hindered because some investors were still resisting gazed at the US holiday of the Independence Day, on Tuesday.The exchange rate exchanged dollar in the trade at noon, could be recorded as follows: Yen Japan: 114,76, rose from 114,38Swiss Franc: 1,2275, rose from 1.2233 sebelumnyaCanadian Dollar: 1,1124, descended from 1,1155Sterling against US dollar: 1,8432, descended from 1,8485Euro against US dollar: 1,2760, descended from 1,2787 beforehand

GOLD TRADING
THE GOLD PRICE
In Comex New York, the market was closed because of the Kemerdekaann Day holiday.
In London, the price of gold strengthened to the highest level in four last weeks, over men
Guat him oil to the position $74 per barrel and dollar that continued to weaken.
The analyst also discussed several reports that proposed that the central bank increased his gold reserve.
The senior economist China said that the country ought to make use of the price of gold that has been weak to increase his gold reserve as part of the diversification strategy of the foreign exchange reserve.
However the trade today it was estimated does not take place busy because of the market in New York the holiday on Monday and on Tuesday in the US Independence Day.
In the situation like this, the price could move very fluctuating.
Saat this gold will still be induced by the strengthening late last week following the fall dollar AS, said Yingxi come on from Barclays Capital.
The price in-fix $619,50 compared to $612,80 late last week.
The price of silver was recorded $11,13 per ounce, rose 9 penny from before.
In Asia, the Price of gold continued to strengthen after last week succeeded in exceeding the psychological level $600.
In Tokio the price jumped 2% more with the return of the investor channelled his fund to the precious metal.
The price of gold began to rise after dollar descended drastic, followed the Fed statement last week that scattered prospke the rise in the Agusus interest came.
The strengthening of the price of oil took part in pushing the flow of the fund fund the Manager bought gold that traditionally was used to take shelter from inflation.
In the short term, the sentiment continue to bullish although several traders were still making him hesitate to long-term.
In Tokio, the position contract far, namely June 2007 was closed 2.
313 yen per gram, rose 60 yen from Friday.
In Singapore the price was closed $612,60, compared to $580,45 per ounce last Friday.
In Hong Kong, gold jumped $18 and was closed $619,50 per ounce.