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| Gold MT4 Chart Today Analysis |
Perched Oil Under High Level. Oil prices moved up in early trade Asian markets today (31/01), with Brent crude pushed above $ 115/barrel, a little under three and a half years of high level. Release of U.S. oil inventory data showed ahead of expectations, but the data was offset by a decline in oil and gas supplies distilled. Increased overall market sentiment punctuated by a bright economic outlook as stated in FMOC statement, while ignoring the oil investor U.S. Q4 GDP figures are weak to allow the rally to continue. The strengthening of the euro against the dollar is also supporting oil prices. Nymex crude oil futures rose more than $ 6/barrel, while Brent nearly approaching $ 4/barrel. Nymex crude oil rose 6 cents at 98.00/barrel, Brent rose 34 cents to $ 115.24/barrel.
Performance Mix Influenced Precious Metals Market Sentiment
The metal moves mix with gold has appreciated after the release of negative U.S. economic data and the Fed statement to continue bond-buying program. "We believe the Fed will continue its program of bond purchases this year," said Standard Bank. Meanwhile, U.S. Q4 GDP showed 0.1% contraction, misses forecast of 1.0%. "Negative news assumes that the Fed will not launch QE as soon as prediction markets," said a senior market analyst at Archer Financial, Adam Klopfenstein. The price of gold at $ 1,677.70 / oz, up $ 1.30 from its New York close, silver at $ 32.04/ons, up 2 cents, palladium at $ 747.70/ons, up 70 cents, while platinum was at $ 1,680.50 / ounce, down 50 cents.
Correction eclipsed Japan Stock
Nikkei fell 0.1% to 11,055 thin. "There is no indication that the market could move the price significantly," said norihiro Fujito, senior analyst at Mitsubishi UFJ Morgan Stanley Securities. "Expectations from the BoJ and the Abe administration is an important factor driving the market today, while trading margin soared to a high level of technical chart shows the market moves abnormally in overbought area. # 17 of 33 subindexes moving negative, with Fanuc -1.3% to Y14, 180, while some technology stocks also performed negatively, such as Tokyo Electron -1.5% to Y3, 945. Among companies reporting earnings after the date of January 30 was Nintendo -3.9% to Y8, 990 after cutting outlook for growth, Sumitomo Mitsui FG +4.2% to Y3 , 640, Canon +0.6% to Y3, 405, and NTT DoCoMo +1.3% to Y136, 600.
Red, China Stock Moves Negative
China Shares consolidation with weak bias. China followed the movement of the index correction happens on Wall Street last night (30/01). The market corrected after being scored gains in the last three sessions. Shanghai Composite support levels in the range of 2350 after closing up 1.0% at 2382.48. "The market is trying to maintain the current strengthening trend and today the index will experience a slight correction. Several negative performing sector activities in the market," said Wei Daoke, analyst at Shenyin Wanguo Securities. The Shenzhen Composite Index rose 0.1% to 942.60.
Performance Mix Influenced Precious Metals Market Sentiment
The metal moves mix with gold has appreciated after the release of negative U.S. economic data and the Fed statement to continue bond-buying program. "We believe the Fed will continue its program of bond purchases this year," said Standard Bank. Meanwhile, U.S. Q4 GDP showed 0.1% contraction, misses forecast of 1.0%. "Negative news assumes that the Fed will not launch QE as soon as prediction markets," said a senior market analyst at Archer Financial, Adam Klopfenstein. The price of gold at $ 1,677.70 / oz, up $ 1.30 from its New York close, silver at $ 32.04/ons, up 2 cents, palladium at $ 747.70/ons, up 70 cents, while platinum was at $ 1,680.50 / ounce, down 50 cents.
Correction eclipsed Japan Stock
Nikkei fell 0.1% to 11,055 thin. "There is no indication that the market could move the price significantly," said norihiro Fujito, senior analyst at Mitsubishi UFJ Morgan Stanley Securities. "Expectations from the BoJ and the Abe administration is an important factor driving the market today, while trading margin soared to a high level of technical chart shows the market moves abnormally in overbought area. # 17 of 33 subindexes moving negative, with Fanuc -1.3% to Y14, 180, while some technology stocks also performed negatively, such as Tokyo Electron -1.5% to Y3, 945. Among companies reporting earnings after the date of January 30 was Nintendo -3.9% to Y8, 990 after cutting outlook for growth, Sumitomo Mitsui FG +4.2% to Y3 , 640, Canon +0.6% to Y3, 405, and NTT DoCoMo +1.3% to Y136, 600.
Red, China Stock Moves Negative
China Shares consolidation with weak bias. China followed the movement of the index correction happens on Wall Street last night (30/01). The market corrected after being scored gains in the last three sessions. Shanghai Composite support levels in the range of 2350 after closing up 1.0% at 2382.48. "The market is trying to maintain the current strengthening trend and today the index will experience a slight correction. Several negative performing sector activities in the market," said Wei Daoke, analyst at Shenyin Wanguo Securities. The Shenzhen Composite Index rose 0.1% to 942.60.
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