ASIA AND GLOBAL MARKET SPOT PRICE 2016

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DISCLAIMER: All contents of This Report have been prepared by Research Dept. and are provided solely for informational purpose.

We have taken reasonable measures to ensure the accuracy of the report, however, do not guarantee its accuracy and will not accept liability for any consequential loss or damage which may arise directly or indirectly from any use of the report.

MARKET UPDATE & OUTLOOK

 Asia: Saham Asia ikuti penguatan Wall Street pada hari Rabu, sementara dolar menguat terhadap yen menyusul rilis optimis data ekonomi AS pada malam sebelumnya. Harga minyak naik oleh ekspektasi pengurangan produksi. Indeks MSCI untuk saham Asia-Pasifik diluar Jepang naik 0,5%. Saham Australia juga naik 1%, saham Indonesia bertambah 2% sedangkan Shanghai merosot 0,4% sementara Nikkei naik 0,1%. Bursa AS catata menguat tipis pada Selasa, didukung oleh rilis optimis data kepercayaan konsumen dan perumahan, dengan naiknya saham teknologi telah angkat Nasdaq Composite ke rekor penutupan tertingginya.

 Eropa: Saham Eropa menguat pada hari Rabu didukung oleh naiknya saham pertambangan dan membantu saham Inggris (FTSE 100) ke rekor penutupan tertingginya. Indeks STOXX 600 ditutup naik 0,3% sementara FTSE 100, yang dibuka kembali pada hari Rabu pasca libur Natal, naik 0,5% dan catat penutupan tertinggi di 7106,08 poin. Sejumlah saham pertambangan yang terapresiasi diantaranya saham BHP Billiton dan Anglo American yang masing-masing naik 4,3% dan 3,6%.

 AS & Global Markets: Dolar menguat pada hari Rabu oleh ekspektasi meningkatnya pertumbuhan ekonomi AS, sementara saham jatuh secara umum menyusul penjualan rumah turun tajam.

Yield Treasury AS tenor 10 tahun menurun, namun kekhawatiran di Eropa mengenai rencana penyelamatan bank Italia telah melebarkan jarak antara yield Bunds Jerman tenor 10 tahun ke level terbesarnya.

Di Wall Street, saham jatuh secara umum dengan S&P 500 catat penurunan harian tertajamnya sejak 11 Oktober.

Data semalam menunjukkan kontrak untuk membeli rumah di AS jatuh di bulan November ke level terendah selama hampir 1 tahun, sinyal bahwa naiknya suku bunga berpotensi membebani pasar perumahan.

Harga minyak, meskipun ditutup melemah, namun tercatat telah menguat sekitar 50% di tahun 2016 setelah jatuh di bulan Januari ke level terendah lebih dari 1 dekade.

ASIA AND GLOBAL MARKET SPOT PRICE 2016

HIGH / LOW .N225 .KS200 .HSI .DJI /.SPX /.SSEC

RECORD HIGH 38915.87 (29/Dec/89)

295.51 (03/May/11)

31958.41 (30/Oct/07)

18351.36 (19/May/2015)

2134.72 (20/May/2015)

6124.04400 (16/Oct./07) 2015 HIGH 20952.71

(24/Jun/2015)

275.11 (24/Apr/2015)

28588.52 (27/Apr/2015)

18351.36 (19/May/2015)

2134.72 (20/May/2015)

5178.19100 (12/Jun/2015) 2016 HIGH 19592.90

(21/Dec/16)

264.42 (21/Dec/16)

24364.00 (09/Sep/16)

19987.63 (20/Dec/16)

2277.53 (13/Dec/16)

3538.68940 (04/Jan/16) 2016 LOW 14864.01

(24/Jun/16)

222.92 (20/Jan/16)

18278.80 (12/Feb/16)

15450.56 (20/Jan/16)

1810.10 (11/Feb/16)

2638.30160 (27/Jan/16) 2015 LOW 16592.57

(16/Jan/2015)

217.52 (24/Aug/2015)

20368.12 (29/Sep/2015)

15370.33 (24/Aug/2015)

1867.01 (24/Aug/2015)

2850.71350 (26/Aug/2015) RECORD LOW 85.25 (06/Jul/50) 31.96

(16/Jun/98) 58.61 (31/Aug/67) 388.20

(17/Jan/55)

132.93 (23/Nov./82)

325.92200 (29/Jul/94)

Closing Prices – 28 December 2016

CLOSE CHANGE CLOSE CHANGE

.DJI 19833.68  111.36/ 0.56% .N225 19401.72  1.34/0.01%

/.SPX 2249.92  18.96 / 0.84% .KS200 259.70  2.79/1.06%

/.IXIC 5438.555  48.886/ 0.89% .HSI 21754.74  179.98/0.83%

JPY= 117.20  0.19/ 0.16% /.SSEC 3102.54140  12.12260/0.39%

KRW= 1210.83  4.16 / 0.34% /CLc1 (Oil) 53.66  0.24 / 0.45%

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RESEARCH DEPARTMENT – PT VALBURY ASIA FUTURES Menara Karya 9th Floor, Jl. HR Rasuna Said Blok X-5 Kav. 1-2 Jakarta 12950 Indonesia, Phone : +6221-25533777 Twitter: @researchvaf

WEEKLY ECONOMIC INDICATORS

(Source: Reuters-FXstreet-DailyFX- Tradingeconomics-forexfactory, Research: @LukmanLoeng,@ErwinRiset-@her1en)

DATE WIB CTY INDICATORS PER ACTUAL FORECAST PREV. REV.

Mon/26-Dec-16 06:50 JP BOJ Minutes of Oct. 31-Nov.1 Meeting 11:00 JP BOJ Kuroda speaks in Keidanren All Day US Bank Holiday/ Christmas (Observed) All Day AU Bank Holiday/ Christmas Day

Tue/27-Dec-16 04:00 KR Consumer Confidence Dec 94.2 N/A 96

06:30 JP CPI Index Nov 100.4 N/A 100.4

06:30 JP Unemployment Rate Nov 3.1% 3.0% 3.0%

06:30 JP Job-To-Applicant Ratio Nov 1.41 1.41 1.40

06:30 JP All Household Spending YY* Nov -1.5% 0.2% -0.4%

06:30 JP All Household Spending MM Nov -0.6% 0.4% -1.0%

06:30 JP CPI Core Nationwide YY Nov -0.4% -0.3% -0.4%

06:30 JP CPI Overall Nationwide Nov 0.5% N/A 0.1%

06:30 JP CPI Core Tokyo YY* Dec -0.6% -0.4% -0.4%

06:30 JP CPI Overall Tokyo Dec 0% N/A 0.5%

12:00 JP Housing Starts YY Nov 6.7% 10.2% 13.7% 13.1%

12:00 JP Construction Orders YY* Nov -6.0% N/A 15.2%

21:00 US CaseShiller 20 MM SA Oct 0.6% 0.5% 0.4% 0.5%

21:00 US CaseShiller 20 MM NSA Oct 0.1% N/A 0.1%

21:00 US CaseShiller 20 MM YY Oct 5.1% 5.1% 5.1% 5.0%

22:00 US Consumer Confidence Dec 113.7 108.5 107.1 109.4

22:00 US Richmond Fed Manufacturing Index Dec 8 5 4

22:30 US Dallas Fed Mfg Bus Idx Dec 15.5 N/A 10.20

All Day AU Boxing Day/Proclamation Day

Wed/28-Dec-16 06:50 JP Industrial Production Prelim Nov 1.5% 1.6% 0.0%

06:50 JP Retail Sales YY Nov 1.7% 0.8% -0.1%

22:00 US Pending Home Index Nov 107.3 N/A 110.0

22:00 US Pending Sales Change MM Nov -2.5% 0.5% 0.1%

22:30 US Texas Serv Sect Outlook* Dec 19.4 N/A 12.6

22:30 US Dallas Fed Sevices Reve Dec 20.6 N/A 13.7

Thu/29-Dec-16 04:00 KR BOK Manufacturing BSI Jan 73 N/A 72

06:00 KR Industrial Production Growth Nov 1.0% -1.7%

06:00 KR Industrial Production YY Nov 1.4% -1.6%

06:00 KR Service Sector Output Growth Nov N/A -0.2%

06:50 JP BOJ Summary of Opinions at Dec.19-20 Meeting

15:30 HK Exports* Nov -1.0% -1.8%

15:30 HK Imports* Nov 1.5% 0.5%

20:30 US Adv Goods Trade Balance Nov -61.50b -61.99b

20:30 US Adv Retail Invty Ex Auto Nov N/A -0.3

20:30 US Adv Wholesale Invty Nov 0.1 -0.4

20:30 US Initial Jobless Claims w/e 264k 275k

20:30 US Jobless Claims 4-wk Avg w/e N/A 263.75k

20:30 US Continuing Jobless Claims w/e 2.030m 2.036m

23:00 US EIA Weekly Crude Stocks w/e -1.500m 2.256m

23:00 US EIA Weekly Dist. Stocks w/e 1.833m -2.420m

23:00 US EIA Weekly Gasoline Stk w/e 1.500m -1.309m

Fri/30-Dec-16 06:00 KR CPI Growth* Dec N/A -0.1%

06:00 KR CPI Growth YY Dec N/A 1.3%

07:30 AU Private Sector Credit* Nov 0.5% 0.5%

07:30 AU Housing Credit* Nov N/A 0.6%

15:30 HK Money Supply M3* Nov N/A 8.10%

21:45 US Chicago Purchasing Manager Dec 57.0 57.6

Sat/31-Dec-16 01:00 US Baker Hughes U.S. Rig Count Dec-30 N/A N/A

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SSIamH7 (Nikkei Mar Futures) – Last Trading Date: 09 Mar. 2017

 Reversal berkembang setelah gagal breakout area resistance di 19475

 Koreksi hadapi area support di 19280 – 19235

(Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE % CHANGE VOLUME

28 Dec SSIpmH7 19445 19470 19295 175 19315 ---  140 0.72 9292

28 Dec SSIamH7 19400 19455 19355 100 19455 19455  110 0.57 28862

27 Dec SSIpmH7 19350 19435 19350 85 19400 ---  55 0.28 6583

27 Dec SSIamH7 19370 19445 19320 125 19345 19345  50 0.26 27112

26 Dec SSIpmH7 H O L I D A Y

26 Dec SSIamH7 H O L I D A Y

23 Dec SSIpmH7 19385 19420 19360 60 19400 ---  20 0.10 3339

23 Dec SSIamH7 19425 19445 19345 100 19385 19380  35 0.18 4312

22 Dec SSIpmH7 19360 19400 19325 75 19375 ---  25 0.13 8518

22 Dec SSIamH7 19415 19415 19280 135 19350 19350  75 0.39 38307

WEEKLY DECEMBER NOVEMBER 2016

HIGH LOW HIGH LOW HIGH LOW HIGH LOW

19470 19295 19615 18225 18660 16095 19615 14770

(28/Dec) (28/Dec) (20/Dec) (05/Dec) (30/Nov) (09/Nov) (20/Dec) (12/Feb)

ANALYSIS & RECOMMENDATION RESISTANCE

19890 High 18/Dec/2015 (Reaction high)

19615 Reaction high (1-H chart)

SUPPORT

19235 Pivot line (1-H chart)

19120 Reaction low (1-H chart)

RECOMMENDATION

BUY ----

SELL 19355

STOP LOSS 19490

TARGET 19220

19120

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KSH7 (Kospi Mar Futures) – Exp. Date: 09 Mar. 2017

 Reli hadapi resistance krusial di 260.95

 Waspadai RSI sudah overbought

 Short-term support di 259 (Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE %

CHANGE VOLUME

28 Dec 260.05 260.75 259.95 0.80 260.40 260.40  0.90 0.35 73974

27 Dec 258.90 259.50 258.85 0.65 259.50 259.50  0.60 0.23 33823

26 Dec H O L I D A Y

23 Dec 258.80 259.10 258.45 0.65 258.60 258.60  0.50 0.19 51643

22 Dec 259.40 259.65 258.80 0.85 259.10 259.10  0.10 0.04 59357

21 Dec 260.15 260.95 259.15 1.80 259.20 259.20  0.15 0.06 87626

WEEKLY DECEMBER NOVEMBER 2016

HIGH LOW HIGH LOW HIGH LOW HIGH LOW

260.75 258.85 260.95 251.45 257.45 246.80 262.50 223.10

(28/Dec) (27/Dec) (21/Dec) (05/Dec) (09/Nov) (09/Nov) (08/Sep) (20/Jan)

ANALYSIS & RECOMMENDATION

RESISTANCE

264.15 High 27/May/2015

262.40 High 29/May/2015 (Reaction high)

262.10 High 07/Sep/2016

260.95 Double Top

SUPPORT

258.45 Reaction low (1-H chart)

256.50 Low 15/Dec/2016

255.25 Reaction low (1-H chart)

253.50 Pivot line (1-H chart)

RECOMMENDATION

BUY 259.90

SELL ----

STOP LOSS 258.25

TARGET 261.25

262.20

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HSIF7 (Hang Seng Jan Futures) – Exp. Date: 26 January 2017

 RSI di zona oversold

 Area 21600 sedang diuji

 Short-term resistance di 21900

(Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE %

CHANGE VOLUME

28 Dec (HSIF7) 21516 21800 21497 303 21731 21731  180 0.84 72108

28 Dec (HSIZ6) 21500 21790 21482 308 21721 21721  183 0.85 102606

26-27 Dec H O L I D A Y

23 Dec 21555 21594 21477 117 21538 21538  77 0.36 128271

22 Dec 21738 21819 21591 228 21615 21615  224 1.03 105514

21 Dec 21744 21927 21731 196 21839 21838  135 0.62 92384

20 Dec 21789 21875 21662 213 21704 21704  152 0.70 93032

WEEKLY DECEMBER NOVEMBER 2016

HIGH LOW HIGH LOW HIGH LOW HIGH LOW

22007 21477 23146 21477 23286 21904 24374 18217

(19/Dec) (23/Dec) (08/Dec) (23/Dec) (01/Nov) (09/Nov) (09/Sep) (12/Feb)

ANALYSIS & RECOMMENDATION

RESISTANCE

21790 High 28/Dec/2016

SUPPORT

21477 Low 23/Dec/2016 (Reaction low)

21259 Low 14/Jul/2016 (Reaction low)

21195 Pivot line

20830 Low 12/Jul/2016

RECOMMENDATION

BUY 21585

SELL ----

STOP LOSS 21450

TARGET 21750

21815