Gold firms after 3-day drop, Fed uncertainty persists

Singapore, Reuters, (24/9) - Gold edged higher on Tuesday following three days of losses, but gains were limited on uncertainty over when the U.S. Federal Reserve would begin tapering its stimulus measures. Spot gold rose 0.5 percent to $1,327.46 an ounce by 0018 GMT, while silver gained nearly 1 percent. The Federal Reserve must for now continue to push hard against threats to the U.S. recovery, but should still be able to reduce its support for the economy later this year, New York Fed President William Dudley said on Monday. Just last week, the Fed surprised the markets by deciding not to reduce its asset purchases from the current $85-billion monthly pace. The markets had widely expected the bank to reduce the bond purchases by $10 billion from September. Goldcorp Inc is not ruling out new takeovers and might even take a look at big, capital-intensive gold-mining projects, Chief Executive Chuck Jeannes told Reuters on Monday, outlining a stance that puts the company at odds with many of its competitors. Gold importers in India are hoping their old stocks lying at airports would get customs clearance by Tuesday, following a meeting with government officials last week, before they ship more for exporters ahead of the peak Christmas season. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.07 percent, or 0.6 tonnes, to 909.59 tonnes on Monday. http://www.reuters.com/article/2013/09/24/markets-precious-idUSL4N0HK01N20130924

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:21 AM

Dollar Jatuh Vs Yen seiring Stimulus the Fed

Bloomberg (24/9) – Mata uang dollar melemah untuk hari kedua terhadap yen seiring dengan ketua the Fed Bank of New York William C. Dudley yang mengatakan bahwa para pihak otoritas harus “kuat” mendorong menentang angin haluan ekonomi”. Mata uang A.S tersebut jatuh versus mayoritas dari 16 mata uang utama lainnya seiring ketua Bank of Atlanta Dennis Lockhart, yang telah mendukung pembelian obligasi bulanan sebesar $85 Milyar the Fed yang dipertahankan pada pekan lalu, mengatakan bahwa kebijakan harus focus pada terciptanya kondisi ekonomi yang lebih dinamis. Sedangkan mata uang yen meraih gain terhadap sebagian besar mata uang rekanan lainnya seiring yield note obligasi 2 tahun A.S yang terjatuh sekitar 19 basis poin sejak mencapai level 0.53% pada tanggal 6 September, yang tertinggi sejak bulan Mei 2011. Mata uang anggota ke 17 negara jatuh versus dollar setelah ketua bank sentral Eropa Mario Draghi yang telah mengatakan bahwa beliau sudah siap untuk meluncurkan operasi pembiayaan ulang jangka panjang yang lainnya, jika dibutuhkan. Dollar melemah 0.5% menuju ke level harga 98.81 yen pada jam 2:32 siang, waktu New York, setelah jatuh 0.1% pada tanggal 20 September, sedangkan greenback turun 0.2% menuju ke level harga $1.3495 per euro, sementara yen naik 0.7% versus mata uang yang umum menuju ke level 133.48.(tito) http://www.bloomberg.com/news/2013-09-23/dollar-weakens-for-second-day-versus-yen-before-fed-speakers.html

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PT.Kontak Perkasa Futures, Updated at: 8:37 AM

Saham Asia Naik setelah China Output Manufaktur Melebihi Perkiraan

Bloomberg , ( 23/9 ) - Saham Asia menguat, dengan indeks patokan perdagangan regional mendekati empat bulan tertinggi, setelah ukuran manufaktur China melonjak lebih dari perkiraan. Perdagangan di pasar Hong Kong ditunda karena badai dan Jepang ditutup untuk liburan. MSCI Asia Pasifik kecuali Indeks Jepang naik 0,3 persen menjadi 470,41 pada pukul 11:53 di Sydney. Indeks itu mencapai tertinggi empat bulan pada 19 September setelah Federal Reserve mempertahankan program pembelian obligasi tersebut. ' Ini indikasi ekspansi berkelanjutan, ' kata Hao Hong, berbasis di Hong Kong strategist Bank of Communications Co, Bloomberg TV. ' Selama kita terus melihat ekspansi ekonomi, harapan tertekan akan terus mundur dan yang positif bagi pasar. ' Indeks Asia Pasifik menguat 7,9 persen bulan ini sampai 20 September di tengah tanda-tanda stabilnya pertumbuhan ekonomi China. Yang mendorong penilaian sampai minggu lalu untuk 13 kali pendapatan yang diestimasikan, dibandingkan dengan 15,5 kali pada S & P 500 dan kelipatan dari 14,4 untuk Indeks Stoxx 600 Eropa, menurut data yang dikumpulkan oleh Bloomberg. Output pabrik China diperluas untuk bulan kedua pada bulan September. Sementara itu HSBC Holdings Plc. dan indeks Markit Economics pembelian manajer naik menjadi 51,2 setelah melonjak sejak 2010 menjadi 50,1 pada bulan Agustus. Indeks S & P / ASX 200 Australia turun 0,6 persen, indeks Kospi Korea Selatan naik 0,3 persen dan Indeks NZX 50 Selandia Baru turun 0,7 persen. Kontrak pada indeks Standard & Poor 500 sedikit berubah. Indeks Taiex Taiwan naik 0,8 persen dan Indek China Shanghai Composite naik 0,9 persen seiring bursa China daratan melanjutkan perdagangan hari ini untuk pertama kalinya sejak Federal Reserve tak terduga mengumumkan pada 18 September bahwa dibutuhkan lebih banyak bukti pemulihan ekonomi AS sebelum penurunan program stimulus ekonomi . Hong Kong menurunkan tingkat sinyal badai, dengan perdagangan ditetapkan untuk dilanjutkan di sore hari setelah sesi pagi dibatalkan. Topan Usagi membuat pendaratan di Cina selatan, memaksa ratusan penerbangan dibatalkan dan menyebabkan para wisatawan terdampar. (frk)

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PT.Kontak Perkasa Futures, Updated at: 10:27 AM

Trading in Securities and Derivatives Markets will Resume at 1:00 pm after Cancellation of Typhoon Signal No. 8

HKEx, (23/9) -- Hong Kong Exchanges and Clearing Limited (HKEx) announced that trading in the securities and derivatives markets would resume from 1:00 pm, after the cancellation this morning of typhoon signal no. 8. When the securities market resumes trading, there will be no pre-opening session.  For those futures contracts to which the pre-opening session applies, the pre-opening session will commence 30 minutes before trading resumes. For the details of arrangements for trading, and clearing and settlement during typhoons and black rainstorms, please refer to the rule books and summary table, which can be accessed via the Market Operations section on the HKEx website . For the latest typhoon news, please refer to the website of the Hong Kong Observatory.   Source: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2013/1309232news.htm

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PT.Kontak Perkasa Futures, Updated at: 9:07 AM

Asian Stocks Extend Four-Month High, Driven By Japanese Shares

Bloomberg(20/9) -- Asian stocks rose, with the regional benchmark index on course for the largest weekly advance since April, as a weaker yen boosted Japanese shares. Volumes were below average with markets in Hong Kong, China, South Korea and Taiwan closed for holidays. Nikon Corp., a camera maker that gets 85 percent of sales outside Japan, climbed 5.3 percent. Shiseido Co. surged 5.4 percent in Tokyo as Citigroup Inc. recommended buying shares of the comestics maker. Declines among raw-material shares limited gains on the regional benchmark gauge.  The MSCI Asia Pacific Index rose 0.2 percent to 141.37 as of 9:43 a.m. in Tokyo, poised for a third straight week of gains and extending a four-month high. The measure climbed 2.9 percent this week through yesterday after the Federal Reserve unexpectedly refrained from reducing stimulus measures, saying it wants more evidence of an economic recovery before paring its $85 billion-a-month in bond purchases. A Bloomberg survey of economists had forecast a $5 billion reduction. “The dollar will strengthen against the yen in the long run on the U.S. economic recovery, which is good for Japanese stocks,” said Juichi Wako, a Tokyo-based equity market strategist at Nomura Securities Co., the nation’s biggest brokerage. “It’s a matter of when the Federal Reserve will start tapering its stimulus.”

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PT.Kontak Perkasa Futures, Updated at: 9:30 AM

Emas Menuju Kinerja Mingguan Terbaik Pasca Kejutan Dari The Fed

Singapura, Reuters (20/9) - Emas masih bergerak di dekat level tertinggi satu minggu pada Jumat pagi dan berada di jalur untuk kenaikan mingguan terbesarnya dalam lima minggu terakhir setelah Federal Reserve AS menunda pemangkasan langkah-langkah stimulus yang selama ini telah menjadi sahabat bullion. Spot emas turun 0.1 persen menjadi $ 1,363.19 per ounce pada pukul 07:18 WIB, tidak jauh dari satu minggu tertingginya di $ 1,374.54 yang tercatat hari Kamis lalu. Harga mencatat perolehan gain hampir 4 persen selama minggu ini. Awal pekan ini, Ketua the Fed, Ben Bernanke menolak berkomitmen untuk mulai mengurangi pembelian obligasi bank sentral seperti yang telah di gaungkannya beberapa bulan lalu dan bahkan mengatakan bahwa 'belum ada jadual yang tetap' terkait waktu pengurangan skala pembelian obligasi. Banyak yang telah memperkirakan pemangkasan sekitar $10 milyar dari $85 milyar pembelian obligasi bulanan. Bullion, yang telah turun hampir 20 persen tahun ini dalam mengantisipasi pemangkasan pembelian obligasi, telah diuntungkan oleh aksi short-covering dan pembelian teknis karena pernyataan pasca FOMC the Fed pada Rabu lalu. Societe Generale masih tegas 'bearish' -nya pada emas meskipun ada kejutan dari The Fed Rabu lalu. Bank investasi tersebut tetap memperkiraan harga emas rata-rata yang tidak berubah pada kisaran $ 1.225 per ounce untuk kuartal keempat dan sekitar $ 1100 untuk tahun 2014. India telah mengadakan pertemuan pejabat tinggi dari kementerian keuangan dan perdagangan di New Delhi pada hari Jumat untuk memecahkan kebuntuan selama dua bulan atas impor emas yang telah menekan pasokan dan mendorong kenaikan harga di konsumen emas terbesar dunia tersebut. SPDR Gold Trust, reksadana emas yang diperdagangkan di bursa dan terbesar di dunia mencatat kepemilikannya naik 0,10 persen, atau 0,88 ton menjadi 912,00 ton pada hari Kamis kemarin. (brc)

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:24 AM

Dollar Bounces As Fed Surprise Wears Off, Yen Pressured

Reuters (20/9) -- The dollar drifted off a seven-month low against a basket of major currencies on Friday as investors unwound some of the bearish trades put on in reaction to the Federal Reserve's shock decision to maintain its massive bond-buying stimulus. The turnaround came as U.S. Treasury yields rose after a string of upbeat U.S. data suggested that rising market rates, that had so concerned the Fed, were weighing only modestly on the economy. As a result, the dollar index .DXY climbed to 80.365, pulling up from a seven-month trough of 80.060 plumbed on Wednesday. Against the yen, the greenback erased all of its Fed-induced losses to trade near 99.50, well off Wednesday's low of 97.76. The euro retreated to $1.3529 from a 7-1/2 month peak of $1.3569. The rebound in the greenback knocked the Australian dollar to $0.9445 from a three-month peak of $0.9530. 'We think the dollar is likely to recover quickly versus the lower yielding currencies in the G10,' analysts at BNP Paribas wrote in a client note. U.S. data on Thursday showed U.S. home resales surged in August to a 6-1/2-year high and factories grew busier in the Mid-Atlantic region this month, underscoring recent signs of gathering economic momentum that's likely to keep traders speculating about the timing of the Fed taper. A standout mover was euro/yen, which rallied to a near four-year high of 134.95, partly because investors tend to sell the Japanese currency in favor of higher-yielding assets when risk appetite is strong. It last stood at 134.50. The Fed on Wednesday confounded many in the market by keeping its $85 billion monthly asset-buying program and sounding super dovish. Market consensus had been for a modest cut of around $10 billion to the bond-buying stimulus. The surprise decision sparked a rally in global equities and emerging market assets. It also led investors and analysts to push out the timing for when the Fed will begin scaling back stimulus. 'We now expect the Fed to start tapering in December 2013, to be completed in June 2014, with the first hike in June 2015,' analysts at Barclays Capital said. Many will go back to watching U.S. economic data to gauge the strength of the recovery and hence chances of the Fed tempering policy support. There is no major economic data to speak of on Friday, so all eyes will be on a speech by Bank of Japan Governor Haruhiko Kuroda and any comments he might make regarding the Fed's decision. On Sunday, the outcome of Germany's general election will be closely watched. Chancellor Angela Merkel looks to secure a third term but there are doubts that she will be able to maintain her center-right coalition, which could complicate her euro zone policy.

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PT.Kontak Perkasa Futures, Updated at: 9:10 AM