Wednesday, February 8, 2017

Politics France Bring Euro Fall In Week


Equityworld Futures - Of the forex market, the euro fell to a one-week low against the dollar on Monday amid concerns over French politics ahead of presidential elections in April

and the upcoming elections in Europe. EURUSD fell 0.33% at 1.0747. GBPUSD fell 0:13% at 1.2463. USDJPY fell 0.73 percent at 111.72. The US Dollar is expected to move up to the fears of European political conditions. Tonight if positive US trade data will strengthen the US dollar.

Of the Indonesian capital market, at the close of trading Monday afternoon (06/02), Composite Stock Price Index ended up 0.66 percent at 5395.99.

Equityworld Futures  | Politics France Bring Euro Fall In Week

 JCI supported increased economic growth in Indonesia in 2016. Indonesia's economy in 2016 grew 5.02 percent higher than the achievement in 2015 amounted to 4.88 percent, according to the release from the Central Statistics Agency (BPS), Indonesia, Monday (06/02).

Negative sentiment today will come out of the slump on Wall Street and Europe, as well as weakening crude oil. But the increase in Indonesia's economic growth is expected to be the sentiment supporting JCI hike today.

JCI to further trade, it is estimated there will be in the range of support 5342-5365 and 5400-5435 resistance. Stocks that are interesting to observe this day: ADHI, TLKM, ICBP and SMGR.

Today the market will be looking Business Sentiment, Consumer Sentiment, China's foreign exchange reserves in January,

the Australian interest rate decision, German December Industrial Production, the UK House Price Index, Foreign Exchange Reserves Singapore, Indonesia Foreign Exchange Reserves, US December trade data.

also read our article in Equityworld Futures

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