ASIA AND GLOBAL MARKET SPOT PRICE 2016

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

:

Dolar tergelincir secara luas pada hari Senin setelah Presiden AS Donald Trump menyerang dengan nada proteksionis

dalam pidato pelantikannya, merusak optimisme atas perekonomian AS yang didorong oleh janjinya dari pemotongan pajak

dan stimulus lainnya. Nikkei Jepang turun 1,1% sementara saham di Australia turun 0,8% setelah pidato Trump, pada hari

pertama di kantor, menyatakan niatnya untuk mundur dari Trans-Pacific Partnership (TPP), perdagangan pakta 12-bangsa

dimana Jepang dan Australia juga telah mendaftar untuk itu. Namun saham Asia lainnya mampu bertahan, sebagian karena

melemahnya dolar dan tidak ada kejutan negatif, dengan Trump menahan diri dari menuduh China sebagai manipulator

mata uang untuk saat ini, sebuah tuduhan yang ia buat saat berkampanye.



Eropa

:

Saham Eropa jatuh pada hari Senin, tertekan oleh saham perbankan, saham minyak dan jatuhnya saham Fingerprint

Cards setelah mantan CEO perusahaan dan anggota dewan ditangkap. Indeks STOXX 600 turun 0,4%, mempertajam koreksi

pekan lalu ke level penutupan terendah sejak 29 Desember menyusul pasar ekuitas bereaksi atas pernyataan inagurasi

Donald Trump di hari Jumat yang menekankan soal proteksi perdagangan. Sementara indeks FTSE 100 Inggris merosot 0,7%

akibat naiknya sterling ke level tertinggi 1 bulan terhadap dolar.



AS & Global Markets:

Sikap proteksionis yang dilontarkan Donald Trump dalam pidato inagurasinya telah memicu jatuhnya

dolar dan saham global pada hari Senin, dan mendorong investor memburu aset

safe-haven

.

Dolar jatuh ke level terendah 7 minggu sementara minyak juga terkoreksi menyusul sinyal pulihnya produksi AS, sedangkan

emas naik ke level tertinggi 2 bulan.

Selain PDB-Q4 AS, pasar juga akan mencermati data PDB-Q4 dari Inggris. Brexit berpotensi memukul perekonomian Inggris

lebih kuat di tahun 2017.

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) 19987.63 (20/Dec/16) 2282.10 (06/Jan/2017) 6124.04400 (16/Oct./07) 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) 2017 HIGH 19999.63 (06/Jan/2017) 270.01 (19/Jan/217) 23151.75 (18/Jan/2017) 19973.42 (11/Jan/2017) 2282.10 (06/Jan/2017) 3174.57810 (10/Jan/2017) 2017 LOW 18650.33 (18/Jan/2017) 258.64 (02/Jan/2017) 21883.82 (03/Jan/2017) 19677.94 (19/Jan/2017) 2245.13 (03/Jan/2017) 3044.29120 (16/Jan/2017) 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)

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 – 23 January 2017

CLOSE

CHANGE

CLOSE

CHANGE

.DJI 19799.85  27.40/ 0.14% .N225 18891.03  246.88/1.29%

/.SPX 2265.20  6.11/ 0.27% .KS200 267.12  0.60/0.23%

/.IXIC 5552.943  2.391/ 0.04% .HSI 22898.52  12.61/0.06%

JPY= 112.68  1.92/ 1.68% /.SSEC 3136.64340  13.50450/0.43%

Page 2 of 6

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

DATE WIB CTY INDICATORS PER ACTUAL FORECAST PREV. REV.

Mon/23-Jan-17 11:30 JP All Industry Activity Index MoM Nov 0.3% 0.4% 0.2%

15:30 HK CPI Composite YoY Dec 1.2% -- 1.2%

21:00 CN Conference Board China December Leading Economic Index

Tue/24-Jan-17 04:00 KR Consumer Confidence Jan 93.3 -- 94 94.1

07:30 JP Nikkei Japan PMI Mfg Jan -- 52.4

21:45 US Markit US Manufacturing PMI Jan 54.5 54.3

22:00 US Existing Home Sales Dec 5.52m 5.61m

22:00 US Existing Home Sales MoM Dec -1.1% 0.7%

22:00 US Richmond Fed Manufact. Index Jan 7 8

Wed/25-Jan-17 06:00 KR GDP SA QoQ Q4 0.3% 0.6%

06:00 KR GDP YoY Q4 2.3% 2.6%

06:50 JP Trade Balance Dec ¥270.0b ¥152.5b

06:50 JP Trade Balance Adjusted Dec ¥275.7b ¥536.1b

06:50 JP Exports YoY Dec 1.2% -0.4%

06:50 JP Imports YoY Dec -0.8% -8.8%

07:30 AU CPI QoQ Q4 0.7% 0.7%

07:30 AU CPI YoY Q4 1.6% 1.3%

21:00 US Monthly Home Price MM Nov -- 0.4%

21:00 US Monthly Home Price YY Nov -- 6.2%

21:00 US Monthly Home Price Index Nov -- 240.2

22:30 US EIA Weekly Crude Stocks w/e -- 2.347m

22:30 US EIA Weekly Dist. Stocks w/e -- -0.968m

22:30 US EIA Weekly Gasoline Stk w/e -- 5.951m

Thu/26-Jan-17 04:00 KR BOK Manufacturing BSI Feb -- 73

15:30 HK Exports YoY Dec -- 8.1%

15:30 HK Imports YoY Dec -- 7.6%

20:30 US Advance Goods Trade Balance Dec -$64.0b -$65.30b

20:30 US Wholesale Inventories MoM Dec -- 1.0%

20:30 US Retail Inventories MoM Dec -- 1.0%

20:30 US Chicago Fed Nat Activity Index Dec -- -0.27

20:30 US Initial Jobless Claims w/e 247k 234k

20:30 US Jobless Claims 4-wk Avg w/e -- 246.75k

20:30 US Continuing Jobless Claims w/e 2.040m 2.046m

21:45 US Markit US Services PMI Jan 54.4 53.9

21:45 US Markit US Composite PMI Jan -- 54.1

22:00 US New Home Sales Dec 584k 592k

22:00 US New Home Sales MoM Dec -1.0% 5.2%

23:00 US Kansas City Fed Manf. Activity Jan -- 24

All Day AU Bank Holiday/Australia Day

Fri/27-Jan-17 06:30 JP National CPI YoY Dec 0.2% 0.5%

06:30 JP National CPI Ex Fresh Food YoY Dec -0.3% -0.4%

06:30 JP National CPI Ex Food, Energy YoY Dec -0.1% 0.1%

06:30 JP Tokyo CPI YoY Jan 0.0% 0.0%

06:30 JP Tokyo CPI Ex-Fresh Food YoY Jan -0.4% -0.6%

06:30 JP Tokyo CPI Ex Food, Energy YoY Jan -0.1% -0.2%

07:30 AU PPI QoQ Q4 0.2% 0.3%

07:30 AU PPI YoY Q4 -- 0.5%

07:30 AU Export Price Index QoQ Q4 11.0% 3.5%

07:30 AU Import Price Index QoQ Q4 -0.5% -1.0%

15.30 HK Money Supply M3 HKD YoY Dec -- 8.7%

20:30 US GDP Annualized QoQ Q4 2.2% 3.5%

20:30 US Personal Consumption Q4 2.4% 3.0%

20:30 US GDP Price Index Q4 2.1% 1.4%

20:30 US Core PCE QoQ Q4 -- 1.7%

20:30 US Durable Goods Orders Dec 2.7% -4.5%

20:30 US Durables Ex Transportation Dec 0.6% 0.6%

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

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

22:00 US U. of Mich. Current Conditions Jan 112.5 112.5

22:00 US U. of Mich. Expectations Jan 88.9 88.9

All Day CN Bank Holiday/Lunar New Year

Page 4 of 6

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

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

 Area resistance di sekitar

19300 masih efektif

 Koreksi sedang hadapi area

support di 18565 dan juga area sekitar 18300 (38.2% retracement of wave 16095-19695)

(Research – @ErwinRiset)

DATE

OPEN

HIGH

LOW

RANGE

CLOSE

SETTLE

CHANGE

% CHANGE

VOLUME

23 Jan SSIpmH7 18905 19005 18785 220 18885 ---  5 0.03 25832 23 Jan SSIamH7 19025 19045 18850 195 18890 18890 255 1.33 68836 20 Jan SSIpmH7 19125 19275 19055 220 19115 ---  30 0.16 30485 20 Jan SSIamH7 19025 19165 19020 145 19145 19145  30 0.16 43830 19 Jan SSIpmH7 19095 19170 18985 185 19015 --- 100 0.52 20554 19 Jan SSIamH7 18995 19120 18950 170 19115 19115 295 1.57 56906 18 Jan SSIpmH7 18835 18960 18770 190 18950 --- 130 0.69 17341 18 Jan SSIamH7 18755 18925 18635 290 18820 18820  45 0.24 63795 17 Jan SSIpmH7 18765 18855 18660 195 18725 ---  50 0.27 36268 17 Jan SSIamH7 19100 19100 18720 380 18775 18775 285 1.50 68971

WEEKLY

JANUARY 2017

DECEMBER 2016

2017

HIGH

LOW

HIGH

LOW

HIGH

LOW

HIGH

LOW

19045 18785 19695 18635 19615 18225 19695 18635

(23/Jan) (23/Jan) (09/Jan) (18/Jan) (20/Dec) (05/Dec) (09/Jan) (18/Jan)

ANALYSIS & RECOMMENDATION

RESISTANCE

19500 Reaction high (1-H chart)

19365 Reaction high (1-H chart)

19275 Peak level (1-H chart)

19020 Reaction high (1-H chart)

SUPPORT

18770 Reaction low (1-H chart)

18635 Reaction low (1-H chart)

18490 Low 08/Dec/2016 18350 Low 07/Dec/2016

RECOMMENDATION

BUY ---- SELL 18925 STOP LOSS 19025 TARGET 18790 18725

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

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

 Area support di sekitar 266.35

masih cukup efektif

 Koreksi hadapi area support di

263-262

 RSI turun dari zona overbought

(Research – @ErwinRiset)

DATE

OPEN

HIGH

LOW

RANGE

CLOSE

SETTLE

CHANGE

%

CHANGE

VOLUME

23 Jan 267.25 268.45 265.90 2.55 267.15 267.15  0.45 0.17 97368 20 Jan 267.25 268.00 266.95 1.05 267.60 267.60  0.55 0.21 75514 19 Jan 269.20 270.80 266.85 3.95 268.15 268.15  0.20 0.07 145432 18 Jan 268.15 268.80 266.10 2.70 267.95 267.95  0.45 0.17 130395 17 Jan 267.45 269.25 267.40 1.85 268.40 268.40  1.00 0.37 95998 16 Jan 268.35 269.15 266.35 2.80 267.40 267.40  1.25 0.47 135817

WEEKLY

JANUARY 2017

DECEMBER 2016

2017

HIGH

LOW

HIGH

LOW

HIGH

LOW

HIGH

LOW

268.45 265.90 270.80 259.25 260.95 251.45 270.80 259.25

(23/Jan) (23/Jan) (19/Jan) (02/Jan) (21/Dec) (05/Dec) (19/Jan) (02/Jan)

ANALYSIS & RECOMMENDATION

RESISTANCE

273.35 High 27/Apr/2015 272.35 High 28/Apr/2015 270.95 High 29/Apr/2015 269.90 Pivot line

SUPPORT

265.90 Low 23/Jan/2017 264.15 Low 11/Jan/2017 263.20 Low 10/Jan/2017

262.30 Low 05/Jan/2017 (Reaction low)

RECOMMENDATION

BUY ---- SELL 268.75 STOP LOSS 270.00 TARGET 265.85 264.95

Page 6 of 6

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

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



Rebound uji area 23100

sebelum akhirnya terkoreksi

lagi ke area 22900



Area support di sekitar 22700

– 22650

(Research – @ErwinRiset)

DATE

OPEN

HIGH

LOW

RANGE

CLOSE

SETTLE

CHANGE

%

CHANGE

VOLUME

23 Jan 22943 23104 22853 251 22898 22897  24 0.10 128175 20 Jan 22995 23016 22864 242 22922 22928  130 0.56 79978 19 Jan 23083 23089 22956 133 23052 23052  71 0.31 75590 18 Jan 22900 23187 22881 306 23123 23123  269 1.18 86432 17 Jan 22848 22875 22731 144 22854 22854  90 0.40 66596 16 Jan 22875 22912 22671 241 22764 22764  205 0.89 81760 13 Jan 22929 22998 22887 111 22969 22969  87 0.38 72112

WEEKLY

JANUARY 2017

DECEMBER 2016

2017

HIGH

LOW

HIGH

LOW

HIGH

LOW

HIGH

LOW

23104 22853 23187 21863 23146 21477 23187 21863

(23/Jan) (23/Jan) (18/Jan) (03/Jan) (08/Dec) (23/Dec) (18/Jan) (03/Jan)

ANALYSIS & RECOMMENDATION

RESISTANCE

23389 High 27/Oct/2016

23286 High 01/Nov/2016 (Reaction high)

23187 High 18/Jan/2017 (Peak)

23090 Pivot line

SUPPORT

22731 Reaction low (4-H chart)

22650 Pivot line (4-H chart)

22464 Reaction low (4-H chart)

22200 Pivot line (4-H chart)

RECOMMENDATION

BUY ---- SELL 22980 STOP LOSS 23100 TARGET 22800 22700