Equityworld Futures – Gold prices touched the highest level in eight weeks, analysts said sentiment was aided by playing safe recently about both President-elect Donald Trump and Brexit.
Gold for February delivery rose $6.80, or 0.6%, to $1, 203.00 per ounce the previous post close to $1,210. March silver rose 9 cents, or 0.5% to $16.86 per ounce.
Equityworld Futures estimated to trade further, Nikkei will move negatively if the strengthening Yen continued.
Technical Indexes in the Nikkei will move in a range of Support-18,475 17,979, and the range of Resistance 19,408-19,904.
The Nikkei index in Japan Stock Exchange in early trade Tuesday (17/22) opened the current observable negative, down-164.04-0.86 points or percent at 18,931.20.
The Nikkei index triggered a weakening of the strengthening Yen. Currency the Yen strengthened, traded at 113.91, strengthened from 116 top level against the U.S. dollar in the previous week on the safe haven demand triggered the anticipation of the speech the Prime Minister of United Kingdom Kingdom Theresa May on Tuesday night, where the market is worried about the Hard decisions if Brexit run United Kingdom.
Equityworld Futures: Theresa May’s Speech, looking forward to a Hard or Soft Brexit Brexit?
The strengthening Yen is pressing major exporter stocks. Shares of automaker Toyota dropped 0.79 percent, Nissan’s shares down 0.61% and Honda’s shares down 1.45 percent, while shares of Sharp electronics manufacturers shrank 4.36 percent. As for the Nikkei futures tracked a slump-120.00-0.63 points or percent at 18.940, down compared to the previous closing trade at 19.060.
News By PT EQUITYWORLD FUTURES