Daily Signal Forex | Index | Gold | Oil

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info Bro:

Gold Steady Above $1,700 In Asian Trade

WASHINGTON (dpa-AFX) - The price of gold was firm in Asian trading Friday even as the U.S. dollar steadied versus a basket of currencies.

Gold for April delivery, the most actively traded contract, edged up $5.00 to $1,703.70 an ounce. Yesterday, gold ended higher near $1,700 on global cues anticipating a resolution to the Greek debt swap deal. Prices were also fueled by inflation concerns on the reported bond buying program being considered by the U.S Federal Reserve.

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Emas, China dan India Drive Demand

Konsumen Dubai di India dan China tetap menjadi penggemar terbesar dari logam kuning, menghabiskan $46 milyar dan $38 milyar masing-masing di perhiasan emas dan koin tahun lalu.

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GBPUSD
Next Direction

Resistance 1.5788/1.5829/1.5895
Pivot 1.5722
Support 1.5656/1.5615/1.5549

Spoiler for GU:

EURUSD
Double Bottom @1.2972

Resistance 1.3234/1.3277/1.3347
Pivot 1.3164
Support 1.3094/1.3051/1.2981

Spoiler for EU:

USDCHF
Double Top @0.9300

Resistance 0.9207/0.9238/0.9288
Pivot 0.9158
Support 0.9108/0.9077/0.9028

Spoiler for UC:

Gold
Buy Area 1677 - 1687 - 1693
T/P 1717
S/L 1663
Resistance 1715.13/1723.97/1738.30
Pivot 1700.80
Support 1686.47/1677.63/1663.30

Spoiler for Gold:

Daily Signal

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Buy Gold

Spoiler for Buy Gold:

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info Bro:

Spoiler for Dollar holds gains post-jobs data; Fed, BOJ eyed:

(Reuters) - The dollar hovered around three-week highs against a basket of major currencies in Asia on Monday, having gained ground late last week after upbeat U.S. jobs data was seen lessening the chance of fresh stimulus from the Federal Reserve this week.

The euro, however, struggled after suffering what traders described as a buy-the-rumour-sell-the-fact fall on Greece's bond swap deal with private creditors which will clear the way for a new bailout.

"Although the success of the Greek...deal is a positive development, we remain bearish on the euro's prospects in coming months," analysts at Barclays Capital wrote in a client note.

Key concerns include uncertainty about the actual settlement of Greek CDS, or default insurance contracts, how well Athens can implement fiscal austerity and the potential for problems to develop in other peripheral euro zone countries.

They also said monetary conditions in the euro area will remain very loose compared to the United States, where the Fed is unlikely to ease at its policy meeting on Tuesday given a more robust growth picture lately.

U.S. jobs data on Friday showed employers added more than 200,000 workers to their payrolls for a third straight month in February, a sign the economy was strengthening.

"That is certainly supportive for the dollar," said Greg Gibbs, strategist at RBS in Sydney.

Currency speculators in the week ended March 6 increased bets in favor of the U.S. dollar, data from the Commodity Futures Trading Commission showed on Friday.

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info Bro:

Spoiler for Gold Declines as Investors Cut Bullish Bets, Dollar Strengthens:

March 12 (Bloomberg) -- Gold dropped for the first time in four days as investors reduced bets on the metal’s advance and as better-than-expected economic data strengthened the dollar, damping bullion’s appeal as an alternative investment.

“The world looks like a better place with global data pointing to economic stabilization and Greece pulling through for now, driving up the dollar, commodities and stock markets,” said Ye Yanwu, head of research at Everbright Futures Co. “CFTC positioning suggests the bullish momentum is slowing and we may see gold trend lower in the near term, especially if the dollar stays strong.”

U.S. payrolls gained more than forecast in February and Greece completed its government debt swap needed to avert default. That sent global stocks and commodities higher last week and helped gold rebound from a one-month low of $1,663.30 on March 6 to end the week almost unchanged. Assets in exchange- traded products backed by the metal rose to a record 2,408.391 metric tons on March 9, according to data compiled by Bloomberg.

The dollar was higher against most peers before a report tomorrow forecast to show retail sales in the U.S. rose in February, damping speculation the Federal Reserve will add to monetary stimulus. It was near the highest level in more than three weeks against a six-currency basket including the euro.

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Emas Memperpanjang Keuntungan

“Jika tidak ada QE3, maka akan ada disappointed-selling lagi. Jika Dolar terus menguat, maka tentu saja emas akan berada di bawah tekanan. Ada sedikit pembelian fisik. Beberapa orang melindungi shorts mereka setelah akhir pekan.”

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EURUSD
Head & Shoulder dan Double Top

Resistance 1.3160 /1.3180/1.3211
Pivot 1.3128
Support 1.3097/1.3077/1.3045

Spoiler for EU:

USDCHF
Inverse Head & Shoulder dan Double Bottom

Resistance 0.9207/0.9222/0.9246
Pivot 0.9183
Support 0.9159/0.9144/0.9120

Spoiler for UC:

Hang Seng
Next Direction

Resistance 21149/21217/21327
Pivot 21039
Support 20929/20861/20751

Spoiler for Hang Seng:

Gold
Buy Area 1677 - 1687 - 1693
T/P 1714
S/L 1663
Resistance 1709.99/1714.94/1722.97
Pivot 1701.97
Support 1693.94/1688.99/1680.97

Spoiler for Gold:

Daily Signal

News:
EUR:

• 17:00 WIB. German ZEW Economic Sentiment
• 18:30 WIB. ECB President Draghi Speaks

USD:

• 19:30 WIB. Core Retail Sales
• 19:30 WIB. Retail Sales
• 01:15 WIB (dini hari). FOMC (Federal Open Market Committee) Statement

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Survei Analis: Emas Naik

Dalam survei Bloomberg, 16 dari 23 analis, atau hampir 70%, mengharapkan harga emas naik bulan ini.

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Spoiler for Gold rebounds on euro ahead of Fed meeting:

“I think everybody is staying on the sidelines. On the investment side especially, people still try to keep more cash on hand. They have no intention to buy a substantial amount of gold right now,” said Dick Poon, manager of precious metals at Heraeus in Hong Kong.

“There’s not much going on, especially on the physical side,” said Poon, adding that investors were also scrutinising Europe’s current efforts to solve the debt crisis.

“It’s all about wait-and-see. I think we can expect to see good physical demand if gold price falls below $1,700. On and off, we are still seeing some buying, but it’s not much,” said a dealer in Singapore. “Indonesia was a good buyer last week.”