Learning Investment09 - Asian stocks started the week higher
supported by interest on Wall Street, crude oil prices are rising and the power
that emanated from Chinese economic data released at the end of last week. The
S & P 500 ended at its highest level this year on Friday as oil prices rose
further and investors reassess the stimulus measures taken by the European
Central Bank last week.
Read also IHSG Strategy To Observe The Fed Meeting
The investors who have pushed the US
stock market higher over the past month will be looking for clues about the
pace of interest rate hikes in the US this week from the Federal Reserve. The
latest economic data has eased concerns that the United States may be heading
into recession and the data helped the benchmark S & P 500 rebounded 11
percent since mid-February. But on the other hand a variety of facts and
figures that show improvement in the country could also force the Fed to
accelerate the pace of interest rate increases more quickly than previously
planned and thus potentially reducing the enthusiasm for the stock.
As usual, the market waiting for the
Fed's announcement at the end of a two-day policy meeting that started on
Wednesday. The US central bank is widely expected to hold interest rates steady
after rising in December, for the first time in nearly a decade, while
economists expected an increase will occur in late June and partly predict
before this year ends.
If the Fed signals a more aggressive
interest rate increases then it can dull the bullish momentum stock. While
investors bet will only happen once again at this year's increase, but it
should be remembered that in his final statement the Fed quite clearly signaled
that they want more more than that (one).
Partners in Asia ie BoJ Fed is
scheduled to hold a two-day policy meeting starting today. BoJ policy makers
will discuss whether to waive the $ 90 billion in short-term funds from the
interest rate applied to the BoJ's new negative after the securities industry
warned that the investment money would be thrust into this bank.Sejauh deposits
BOJ looks likely still hold after adopting the tribe negative interest at a
meeting in late January.
China reported data released on
Saturday showed the weakness in the economy an important part, but the data was
also charged positive signs in some parts. Manufacturing output in January and
February grew at its weakest pace since 2008, while retail sales rose at the
slowest rate since May 2015. The fixed asset investment data, which is an
important driver of China's economy, rose 10.2 percent in the first two months
compared with the period in the previous year. From these data look the Chinese
government has begun to pour its budget, and the recovery in the real-estate
sector is expected to return pushes up the economy in Asia and the world.
Meanwhile investors and traffickers
also continue mementau developments in the world oil trade. In recent months,
the general movement of stocks have been closely correlated to fluctuations in
the price of crude oil so that the term began keblai into positive territory
for 2016 and back to around $ 40 per barrel and this is one of the key factors
that increase the passion in stock trading.
Technical analysis today
NIKKEI FUTURES
Although by the end of last week is
still no indication bullish on the daily movement, Nikkei futures still require
greater upward momentum. In the last three weeks in step Nikkei futures
faltered resistance zone, a combination of two adjacent resistance on the
weekly time frame, at 17 090 and 17165. Even in the closing session on Friday,
the weekly chart of Nikkei futures ended in negative territory.
Since opening this morning Nikkei
futures still trying to rise but remain vulnerable to a sell-off for not being
able to break down the resistance zone in the weekly chart. If there is a
1-hour chart began to occur close below 16945 support zone, almost certainly
this index will continue to decline with the next target in the area of 16
805.
Support: 17020, 16945, 15 805
Resistance: 17 090, 17 165, 17 235
Suggestions Transaction:
SELL 17050, SL, 17 150, TP 16825
KOSPI FUTURES
KOSPI futures opened higher this
morning, at 244.70. Closing session last Friday at 243.55. But traders actually
take the opportunity by selling or taking advantage of the upward movement of
this index that has occurred since mid-February. While the intraday downside movement
has reached 243.05, moving close to session lows on Friday at 242.75 which is
the first intraday support.
For short-term KOSPI futures keep
potential bullish. This index has been successfully penetrate the strong
resistance pda daily and weekly charts. Until kinipun KOSPI futures remain
above the dynamic support on the daily chart is located at 239.00. On the
4-hour chart support at 241.75 perched dynamic, during this last support KOSPI
futures are still more likely to try next target is a strong resistance in the
form of the 76.4% Fibonacci retracement level at 246.85, though not necessarily
to be tested today.
Support: 242.75, 241.75, 240.15
Resistance: 244.80, 245.40, 246.85
Suggestions Transaction:
BUY at 243.50, SL at 242.50, TP at
245.40
HANG SENG FUTURES
Hang Seng futures pointed to
movements similar to KOSPI futures early in the session this har. HSI futures
opened with a jump rise in 20384. The closing session last weekend at 20232.
When this analysis prepared intraday highs have been at 20 435, the highest
since the first week of January.
But the traffickers still appeared
cautious. This index remains in a consolidation phase as seen on the daily
chart. Although it was already on the second correction target (38.2 Fibonacci
retracement level at 20 195) finished in a time frame that is larger vendors
still dominate the market. To this day riding opportunities can still be
maintained as long as the support at 20120 remain.
Support: 20232, 20120, 20000
Resistance: 20 435, 20 514, 20 608
Suggestions Transaction:
BUY at 20250, SL, 20150, TP 20500
Source financeroll.co.id
Source financeroll.co.id