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.

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