{"id":13920,"date":"2017-04-14T04:19:44","date_gmt":"2017-04-14T04:19:44","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=13920"},"modified":"2017-04-14T04:19:44","modified_gmt":"2017-04-14T04:19:44","slug":"140417-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/140417-daily-analysis\/","title":{"rendered":"140417 Daily Analysis"},"content":{"rendered":"

 <\/p>\n

 <\/p>\n

Dollar recovered while geopolitics continues weighed<\/strong><\/p>\n

 <\/p>\n

The dollar rose against a basket of major currencies on Thursday, with the U.S. dollar index rose by 0.32% to 100.38, mounting a recovery from its slump in the previous session, following President Trump\u2019s comments the currency was \u201cgetting too strong\u201d while mostly upbeat economic data lifted sentiment. However the dollar mounted a recovery overnight, as investors seemed to cover short positions, ahead of the Good Friday holiday in the U.S. and Europe this week. Meanwhile, slower than expected growth in initial jobless claims and bullish consumer sentiment lifted sentiment while US producer prices dropped for the first time in seven months. The Labor Department said on Thursday, initial jobless claims fell by 1,000 to a 234,000 for the week ended April 8 while the producer price index for final demand slipped 0.1% last month. The University of Michigan said its consumer sentiment index climbed to 98.0 in April, well above expectations of a fall to 96.5. On the other hand, The Australian dollar is stronger, up 0.77% at 0.7581, following a series of labor data released as better than expectations.<\/p>\n

 <\/p>\n

As for commodities market, Gold prices traded higher on Thursday, added $10.05, or 0.78%, to $1,288.15 a troy ounce as investors continued to back the precious metal amid geopolitical concerns while mostly upbeat economic data failed to weigh on sentiment. Meanwhile, crude oil price settled higher on Thursday, gained 7 cents to settle at $53.18 a barrel after the International Energy Agency (IEA) said the oil demand and supply imbalance was close to breakeven, after several developed countries reined in production.<\/p>\n

 <\/p>\n

Today\u2019s Holiday Market Close<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 U.S.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Good Friday<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 E.U.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Good Friday<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Australia\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Good Friday<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 New Zealand\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Good Friday<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 U.K.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Good Friday<\/p>\n

 <\/p>\n

Today\u2019s Highlight Events<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economy Data<\/u><\/p>\n\n\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 CPI (MoM) (Mar)<\/td>\n0.2%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Retail Sales (MoM) (Mar)<\/td>\n0.2%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

GBPUSD<\/u><\/strong><\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD traded lower and currently hovering below the both MA lines. Referring to the MACD where both of the movement lines pointing downward and momentum be seen below the level of 0, suggested GBPUSD to move further lower after the price close below the support level of 1.2500.<\/p>\n

 <\/p>\n

Resistance level: 1.2520, 1.2570<\/p>\n

Support level: 1.2490, 1.2470<\/p>\n

 <\/p>\n

EURUSD<\/u><\/strong><\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD hovering between the range of 1.0620 and 1.0610 after it plunged from recent highs to the level below the both MA lines. Both of the MA lines continues narrowing and almost form a death cross, signaled further downside for the pair and suggested to move further lower after the price close below the support level of 1.0610.<\/p>\n

 <\/p>\n

Resistance level: 1.0620, 1.0640<\/p>\n

Support level: 1.0610, 1.0590<\/p>\n

 <\/p>\n

USDJPY<\/u><\/strong><\/p>\n

\"\"<\/p>\n

USDJPY,H4: <\/strong>USDJPY remained traded as a down trend and it just rebounded from the support level of 108.70. Referring to the both movement lines in MACD indicator which narrowing and pointing upward, USDJPY suggested to be traded higher in short term. However, the pair expected to continues its down trend after the price close below the support level of 108.70.<\/p>\n

 <\/p>\n

Resistance level: 110.30, 111.30<\/p>\n

Support level: 108.70, 106.50<\/p>\n

 <\/p>\n

GOLD<\/u><\/strong><\/p>\n

\"\"<\/p>\n

GOLD,H1: <\/strong>Gold price remained hovering below the resistance level of 1289.00. Based on the directions of both MA lines, it is suggested to move further higher after the price close above the resistance level of 1289.00.<\/p>\n

 <\/p>\n

Resistance level: 1289.00, 1300.00<\/p>\n

Support level: 1277.00, 1270.00<\/p>\n

 <\/p>\n

Crude Oil<\/u><\/strong><\/p>\n

\"\"<\/p>\n

CrudeOIL,H4: <\/strong>Crude oil price was closed below the 20MA line (Red) previously, suggested further downside in short term as a technical correction or retracement period. However the trend directions remained pointing upward.<\/p>\n

 <\/p>\n

Resistance level: 53.70, 55.00<\/p>\n

Support level: 52.20, 51.20<\/p>\n","protected":false},"excerpt":{"rendered":"

    Dollar recovered while geopolitics continues weighed   The dollar rose against a basket of major currencies on Thursday, with the U.S. dollar index rose by 0.32% to 100.38, mounting a recovery from its slump in the previous session, following President Trump\u2019s comments the currency was \u201cgetting too strong\u201d while mostly upbeat economic data […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[13],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/13920"}],"collection":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=13920"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/13920\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=13920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=13920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=13920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}