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.