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 naik ke level tertinggi 3 bulan pada hari Rabu namun dolar tergelincir oleh aksi profit-taking investor menyusul tumbuhnya kekhawatiran seputar kebijakan Presiden AS Donald Trump. Indeks MSCI untuk saham Asia-Pasifik diluar Jepang naik 0,1% ke level tertinggi sejak Oktober. Indeks Nikkei menguat 1,43% didukung oleh data yang menunjukkan ekspor Jepang naik untuk pertama kalinya dalam 15 bulan pada Desember, sebuah sinyal positif meskipun dibayangi oleh sikap proteksi AS.

 Eropa: Laporan earnings yang kuat dari Logitech dan Banco Santander telah dorong kenaikan tajam saham Eropa pada hari Rabu, dengan indeks STOXX 600 catat kenaikan 1 hari terbesarnya dalam 11 pekan terakhir. Indeks naik 1,3% sedangkan DAX Jerman naik 1,8% ke level tertinggi sejak Mei 2015 yang ditopang oleh kenaikan pada saham Deutsche Bank sementara bursa Inggris juga terkerek naik dengan FTSE 100 naik 0,3%.

 AS & Global Markets: Harga ekuitas global reli dan Dow Jones tembus level psikologi 20000 pada hari Rabu, terdorong oleh rilis optimis data perdagangan Jepang, laporan earnings dan harapan investor bahwa Presiden AS Donald Trump akan terus maju dengan paket belanja fiskal yang besar. Reli saham dorong kenaikan yield Treasury AS, namun tumbuhnya kekhawatiran terhadap langkah prosteksi perdagangan Trump dan dampak negatif pada pertumbuhan dan perdagangan global telah memicu koreksi dolar. Ekspor Jepang catat kenaikan untuk pertama kalinya dalam 15 bulan terakhir di periode Desember.

Selain PDB-Q4 AS (Jumat), pasar juga akan mencermati data PDB-Q4 dari Inggris (Kamis). 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)

20082.00 (25/Jan/2017)

2299.55 (25/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)

20082.00 (25/Jan/2017)

2299.55 (25/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 – 25 January 2017

CLOSE CHANGE CLOSE CHANGE

.DJI 20068.51  155.80/ 0.78% .N225 19057.50  269.51/1.43%

/.SPX 2298.37  18.30/ 0.80% .KS200 268.15  0.85/0.32%

/.IXIC 5656.339  55.382/ 0.99% .HSI 23049.12  99.26/0.43%

JPY= 113.26  0.52/ 0.46% /.SSEC 3149.43170  6.87840/0.22%

KRW= 1161.70  7.53 / 0.64% /CLc1 (Oil) 52.94  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

DATE WIB CTY INDICATORS PER ACTUAL FORECAST PREV. REV.

Mon/23-Jan-17 06:00 EZ ECB's Draghi Speaks in Torino, Italy

11:30 JP All Industry Activity Index MoM Nov 0.3% 0.4% 0.2%

15:00 CH Money Supply M3 YoY Dec 3.0% 2.5% 2.0% 1.8%

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

20:30 CA Wholesale Trade Sales MoM Nov 0.2% 0.5% 1.1% 1.3%

21:00 CN Conference Board China December Leading Economic Index

22:00 EZ Consumer Confidence Jan -4.9 -4.80 -5.10

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

04:30 NZ Performance Services Index Dec 58.4 -- 57.9 58.1

07:30 JP Nikkei Japan PMI Mfg Jan 52.8 -- 52.4

15:30 DE Markit/BME Germany Manufacturing PMI Jan 56.5 55.4 55.6

15:30 DE Markit Germany Services PMI Jan 53.2 54.5 54.3

15:30 DE Markit/BME Germany Composite PMI Jan 54.7 55.2 55.2

16:00 EZ Markit Eurozone Manufacturing PMI Jan 55.1 54.8 54.9

16:00 EZ Markit Eurozone Services PMI Jan 53.6 53.9 53.7

16:00 EZ Markit Eurozone Composite PMI Jan 54.3 54.5 54.4

16:30 GB Public Finances (PSNCR) Dec 36.294b -- 13.525b 20.013b

16:30 GB Public Sector Net Borrowing Dec 6.421b 7.000b 12.210b 10.830b

16:30 GB PSNB ex Banking Groups Dec 6.858b 6.700b 12.647b 11.267b

21:45 US Markit US Manufacturing PMI Jan 55.1 54.5 54.3

22:00 US Existing Home Sales Dec 5.49m 5.52m 5.61m 5.65m

22:00 US Existing Home Sales MoM Dec -2.8% -1.1% 0.7% 3.3%

22:00 US Richmond Fed Manufact. Index Jan 12 7 8

Wed/25-Jan-17 00:30 EZ Eurogroup's Dijsselbloem Speaks at L'Echo Brexit Conference

06:00 KR GDP SA QoQ Q4 0.4% 0.3% 0.6%

06:00 KR GDP YoY Q4 2.3% 2.2% 2.6%

06:50 JP Trade Balance Dec 641.4b ¥270.0b ¥152.5b

06:50 JP Exports YoY Dec 5.4% 1.2% -0.4%

06:50 JP Imports YoY Dec -2.6% -0.8% -8.8%

07:30 AU CPI QoQ Q4 0.5% 0.7% 0.7%

07:30 AU CPI YoY Q4 1.5% 1.6% 1.3%

16:00 DE Ifo Business Climate Jan 109.8 111.3 111.0

16:00 DE Ifo Expectations Jan 103.2 105.8 105.6 105.5

16:00 DE Ifo Current Assessment Jan 116.9 116.9 116.6 116.7

21:00 US Monthly Home Price MM Nov 0.5% -- 0.4% 0.3%

21:00 US Monthly Home Price YY Nov 6.1% -- 6.2%

21:00 US Monthly Home Price Index Nov 241.3 -- 240.2 240.0

22:30 US EIA Weekly Crude Stocks w/e 2.84m 2.815m 2.347m

22:30 US EIA Weekly Dist. Stocks w/e 0.076m -0.970m -0.968m

22:30 US EIA Weekly Gasoline Stk w/e 6.796m 0.498m 5.951m

Thu/26-Jan-17 04:00 KR BOK Manufacturing BSI Feb 78 -- 73

04:45 NZ CPI QoQ Q4 0.4% 0.3% 0.2% 0.3%

04:45 NZ CPI YoY Q4 1.3% 1.2% 0.2% 0.4%

04:45 NZ CPI Index Q4 -- 1209.0

14:00 DE GfK Consumer Confidence Feb 9.9 9.9

14:00 CH Trade Balance Dec 2.81b 3.64b

15:30 HK Exports YoY Dec -- 8.1%

15:30 HK Imports YoY Dec -- 7.6%

16:30 GB GDP QoQ Q4 0.5% 0.6%

16:30 GB GDP YoY Q4 2.1% 2.2%

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

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

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 588k 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%

14:00 DE Import Price Index MoM Dec 1.1% 0.7%

14:00 DE Import Price Index YoY Dec -- 0.3%

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

16:00 EZ M3 Money Supply YoY Dec 4.9% 4.8%

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 2.6% -4.5%

20:30 US Durables Ex Transportation Dec 0.5% 0.6%

22:00 US U. of Mich. Sentiment Jan 98.1 98.1

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

Sat/28-Jan-17 01:00 US Baker Hughes U.S. Rig Count 27-Jan -- --

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

 Rebound berkembang, hadapi area resistance krusial di sekitar 19300

 Sementara area short-term support di 18750

(Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE % CHANGE VOLUME

25 Jan SSIpmH7 19070 19275 19050 225 19230 ---  155 0.81 25429

25 Jan SSIamH7 19070 19130 18965 165 19070 19075  230 1.22 51674

24 Jan SSIpmH7 18865 19070 18835 235 19045 ---  205 1.09 17769

24 Jan SSIamH7 18820 18895 18755 140 18840 18840  50 0.26 60865

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

WEEKLY JANUARY 2017 DECEMBER 2016 2017

HIGH LOW HIGH LOW HIGH LOW HIGH LOW

19275 18755 19695 18635 19615 18225 19695 18635

(25/Jan) (24/Jan) (09/Jan) (18/Jan) (20/Dec) (05/Dec) (09/Jan) (18/Jan)

ANALYSIS & RECOMMENDATION RESISTANCE

19695 High 09/Jan/2017 (Peak)

19500 Reaction high (1-H chart)

19365 Reaction high (1-H chart)

19275 Peak level (1-H chart)

SUPPORT

19085 Reaction low (1-H chart)

RECOMMENDATION

BUY 19145

SELL ----

STOP LOSS 19040

TARGET 19315

19380

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

 Masih bergerak sideway di kisaran 266.35 – 269.90

 Koreksi hadapi area support di sekitar 266.35

(Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE %

CHANGE VOLUME

25 Jan 269.50 269.50 267.55 1.95 268.25 268.25  0.25 0.09 96884

24 Jan 267.55 268.90 267.00 1.90 268.00 268.00  0.85 0.32 85381

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

269.50 265.90 270.80 259.25 260.95 251.45 270.80 259.25

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

266.90 Reaction low (1-H chart)

265.90 Low 23/Jan/2017

264.15 Low 11/Jan/2017

263.20 Low 10/Jan/2017

RECOMMENDATION

BUY ----

SELL 269.20

STOP LOSS 270.20

TARGET 267.30

266.40

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

 Reli breakout 23090, hit high di 23154

 Area resistance di 23150 sedang diuji, dengan short- term resistance di 23286 (Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE %

CHANGE VOLUME

25 Jan (HSIG7) 23035 23040 22900 140 23001 23001  116 0.51 60395

25 Jan (HSIF7) 23072 23080 22945 135 23049 23049  120 0.52 85575

24 Jan 22970 22998 22920 78 22929 22930  31 0.14 137310

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

23104 22853 23187 21863 23146 21477 23187 21863

ANALYSIS & RECOMMENDATION

RESISTANCE

23653 High 25/Oct/2016 (Peak)

23389 High 27/Oct/2016

23286 High 01/Nov/2016 (Reaction high)

23187 High 18/Jan/2017 (Peak)

SUPPORT

23090 Pivot line

22965 Trendline support

RECOMMENDATION

BUY 23100

SELL ----

STOP LOSS 23000

TARGET 23260

23350