Asian Stocks Decline as Japanese Exporters Drop on Yen

Posted by jalatama Kamis, 30 Mei 2013 1 komentar


Asian stocks retreated, with the regional benchmark index heading for its first monthly decline in seven months, as commodities fell and the yen traded near a three-week high.
Honda Motor Co. (7267), which gets 46 percent of sales from North America, slid 2.2 percent, on concern a stronger yen will damp the earnings outlook among Japanese exporters. BHP Billiton Ltd. (BHP), the world’s biggest mining company and Australia’s top oil producer, lost 1.3 percent after crude oil and copper futures dropped. National Australia Bank Ltd., the nation’s fourth-biggest lender, fell 0.3 percent, heading for an eighth day of decline, its longest losing streak since November 2010.
The MSCI Asia Pacific Index decreased 0.9 percent to 136.77 as of 10:19 a.m. in Tokyo, with all 10 industry groups falling on the gauge, which is poised to close at the lowest level since April 19. The measure is heading for a 3.8 percent decline this month as speculation grows that the Federal Reserve will reduce its bond purchases as the U.S. economy improves and amid signs of an economic slowdown in China.
“It’s difficult for the market to keep rallying,” said Angus Gluskie, managing director at White Funds Management in Sydney, who manages more than $400 million. “Apart from volatility caused by the currency and bonds, we are at a juncture where further moves from Japanese equities need to be fundamentally driven.”
Japan’s Topix fell 1.5 percent. The Nikkei 225 Stock Average sank 2 percent, poised for its lowest close since May 2. The yen climbed as much as 0.6 percent to 100.59 against the dollar, a level last seen on May 10, before trading at 101.32 as of 10:05 a.m. in Tokyo. A stronger yen cuts the value of overseas earnings at Japanese companies when repatriated.
(Source: Bloomberg)

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Dollar Index Advances Before U.S. Growth Data, Aussie Declines

Posted by jalatama Rabu, 29 Mei 2013 1 komentar


The Dollar Index rose for a second day before U.S. data tomorrow on first-quarter growth amid speculation the Federal Reserve will cut monetary stimulus.
The greenback held an advance versus the euro after Treasury yields (USGG10YR) climbed to a one-year high. The Australian dollar fell to the weakest level since October 2011 versus its U.S. counterpart. The yen rose as Japanese stocks pared gains.
“The dollar is strong,” said Marito Ueda, the senior managing director at FX Prime Corp. (8711), a currency-margin company in Tokyo. “The U.S. economy is steadily recovering, and a reduction in monetary easing appears to be coming into view.”
The Dollar Index, which Intercontinental Exchange Inc. uses to track the greenback against currencies of six major U.S. trading partners, added 0.2 percent to 84.246 at 9:51 a.m. in Tokyo. It reached 84.498 on May 23, the most since July 2010.
The dollar was little changed at $1.2855 per euro after rising 0.6 percent yesterday. The yen strengthened 0.2 percent to 131.38 per euro and rose 0.2 percent to 102.21 per dollar. The Aussie dollar fell 0.5 percent to 95.69 U.S. cents, after dropping to 95.56, the weakest since Oct. 5, 2011.
The Topix (TPX) index of Japanese shares pared its advance to 1 percent from 2.1 percent.
Yields on 10-year Treasury notes jumped as much as 17 basis points yesterday to 2.18 percent, a level unseen since April 5, 2012. They fell one basis point to 2.15 percent today.
The U.S. Commerce Department is likely to say tomorrow the world’s biggest economy grew at an annualized 2.5 percent pace in the first quarter, according to the median forecast of economists surveyed by Bloomberg News. It would be unchanged from the preliminary reading released last month.
(Source: Bloomberg)

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Kepemilikan Posisi Emas Mencapai Level Terendah Lima Tahun Setelah Harga Volatile

Posted by jalatama Senin, 27 Mei 2013 0 komentar


Hedge fund adalah yang paling bullish pada emas dalam lebih dari lima tahun setelah spekulasi tentang laju pencetakan uang oleh bank sentral membuat harga volatile, mengarahkan volatilitas ke titik tertinggi 17-bulan.

Manajer uang memotong posisi net-long mereka sebanyak 9 persen menjadi 35.686 untuk kontrak berjangka dan opsi pada 21 Mei, terendah sejak Juli 2007, data AS Commodity Futures Trading Commission menunjukkan. Kepemilikan kontrak pendek naik 6,7 persen ke rekor 79.416. Posisi Net-bullish di 18 komoditas yang diperdagangkan turun 2,1 persen, karena investor menjadi lebih bearish pada kopi dan gandum.

Volatilitas historis 60 hari emas menyentuh tertinggi sejak Desember 2011 pekan lalu dan mengukur perubahan harga untuk SPDR Gold Trust, terbesar exchange-traded fund bullion yang didukung oleh emas, melonjak 73 persen tahun ini. Emas bergerak volatile setelah Ketua Federal Reserve Ben S. Bernanke bersaksi di depan Kongres pada 22 Mei. Dua hari kemudian, Gubernur Bank of Japan Haruhiko Kuroda mengatakan dia berbuat cukup untuk memacu pertumbuhan.

"Emas memiliki begitu banyak driver yang mengarahkannya, dapat dipermainkan oleh satu atau lain hal," kata Dan Denbow, fund manager di senilai $ 1 miliar Dana USAA Logam Mulia & Mineral  di San Antonio. "Ini membuat tidak mungkin untuk menentukan arah."
(Sumber: Bloomberg)



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Dollar Index naik Menuju Level Tertinggi Dalam 3 Tahun Sebelum Rilis data Pekerjaan & Perumahan

Posted by jalatama Kamis, 23 Mei 2013 1 komentar


Dollar Index naik ke level tertinggi hampir tiga tahun sebelum data AS diperkirakan akan menunjukkan klaim pengangguran menurun dan penjualan rumah naik, menambah alasan bagi Federal Reserve untuk mengurangi stimulus moneter.

Greenback menguat terhadap semua mata uang utama dan Treasury yields naik ke level tertinggi dalam dua bulan setelah Ketua Fed Ben S. Bernanke mengatakan kemarin bank sentral mungkin mengurangi pembelian obligasi bulanan jika yakin kenaikan berkelanjutan dalam perekonomian. Dolar Australia telah merosot ke level terendah 11-bulan menjelang laporan manufaktur China.

Indeks Dollar, yang IntercontinentalExchange Inc  gunakan untuk melacak greenback terhadap mata uang dari enam mitra dagang AS, naik 0,1 persen menjadi 84,463 pada 09:59 di Tokyo. Ini sebelumnya mencapai 84,467, tertinggi sejak Juli 2010, sementara 10-tahun Treasury yields naik sampai setinggi 2,07 persen, level yang tidak terlihat sejak 14 Maret.

Mata uang AS naik 0,3 persen menjadi ¥ 103,49 dan naik 0,2 persen menjadi $ 1,2828 per euro. Mata uang 17 negara Eropa menguat 0,1 persen menjadi 132,76 ¥
(Sumber: Bloomberg)               



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Gold Swings as Investors Weigh Stimulus Outlook Amid ETP Decline

Posted by jalatama Rabu, 22 Mei 2013 1 komentar


Gold swung between gains and losses as investors weighed the outlook for stimulus by the U.S. Federal Reserve amid further outflows in investor holdings.
Spot gold was little changed at $1,377.23 an ounce at 8:22 a.m. in Singapore, after rising and falling at least 0.2 percent. Prices retreated 1.3 percent yesterday.
Fed Chairman Ben S. Bernanke testifies in Congress today, and the central bank will publish minutes of its latest meeting. St. Louis Fed President James Bullard said yesterday the central bank should keep buying bonds and New York Fed President William Dudley said it had previously been overly optimistic about growth. Gold has tumbled 18 percent this year, dropping into a bear market last month, on expectations the Fed may scale back stimulus that helped the metal cap a 12-year bull run in 2012.
Bullion for June delivery was little changed at $1,376.20 an ounce on the Comex in New York after dropping for eight of the past nine days.
Assets in the SPDR Gold Trust, the biggest bullion-backed ETP, dropped to 1,023.08 metric tons yesterday, the lowest since February 2009, according to data on the company’s website. Total holdings in exchange-traded products backed by gold have fallen 17 percent this year, according to data compiled by Bloomberg.
(Source: Bloomberg)

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