{"id":14301,"date":"2017-04-26T03:17:05","date_gmt":"2017-04-26T03:17:05","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=14301"},"modified":"2017-04-26T03:17:05","modified_gmt":"2017-04-26T03:17:05","slug":"260417-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/260417-daily-analysis\/","title":{"rendered":"260417 Daily Analysis"},"content":{"rendered":"

26 April 2017\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis<\/strong><\/p>\n

 <\/p>\n

ECB may signal tapering, Euro lifts further.<\/strong><\/span><\/p>\n

Single common currency \u2013 euro has extended its prior rally after investors prospects were buoyed by centrist candidate Emmanuel Macron\u2019s victory during the first round of France\u2019s presidential election. Pair of EUR\/USD nudged up 0.1% to $1.0938, not far from 5\u00bd months high of $1.0950. In addition, three sources close to ECB\u2019s Governing Council told Reuters that with the fading treat of a run-off between to presidential candidates in France while coupled with improved economic performance, a handful of policymaker see the scope for sending small signal in June towards reducing their current monetary stimulus. On the other hand, the greenback traded lower against its major peers, trampled by the release of mixed US economic data overnight. The dollar index was flat at 98.65 during early Asian trading hours.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price resumed its slide, down 0.42% to $49.35 as data showed a rise in US crude inventories earlier today. Concurrently, gold price sheds 0.13% to $1,264.01 despite a weaker dollar as investors continued to favor riskier assets.<\/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 Event<\/strong><\/p>\n

N\/A<\/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\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
09:30<\/td>\nAUD \u2013 CPI (QoQ) (Q1)<\/td>\n0.5%<\/td>\n0.6%<\/td>\n0.5%<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Core Retail Sales (MoM) (Feb)<\/td>\n1.7%<\/td>\n-0.3%<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrude Oil \u2013 Crude Oil Inventories<\/td>\n-1.034M<\/td>\n-1.611M<\/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 remains traded within the trading range while currently testing near the resistance level of 1.2845. With regards to the downward signal from MACD histogram which continues to narrow sideways, GBPUSD may extend its upward momentum after a successful closure above the strong resistance level of 1.2845.<\/p>\n

 <\/p>\n

Resistance level: 1.2845, 1.2905<\/p>\n

Support level: 1.2775, 1.2700<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD extended its rally following prior rebound from the 20-moving average line (red). However, as the MACD histogram illustrates downward signal and momentum, EURUSD may be traded lower in the short-term as technical correction. Long-term trend direction still suggests an uptrend.<\/p>\n

 <\/p>\n

Resistance level: 1.0965, 1.1000<\/p>\n

Support level: 1.0920, 1.0875<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY extended its rally following prior formation of golden cross by both MA lines. As the upward signal from MACD histogram continues to expand upwards, USDJPY is expected to advance further up after a successful closure above the resistance level of 111.30.<\/p>\n

 <\/p>\n

Resistance level: 111.30, 112.15<\/p>\n

Support level: 110.60, 110.15<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher following prior rebound from the support level of 49.10. As the MACD indicator continues to hover outside of downward momentum, crude oil price is suggested to be traded higher in short-term as technical correction. Long-term trend direction still suggests a downtrend.<\/p>\n

 <\/p>\n

Resistance level: 49.70, 50.20<\/p>\n

Support level: 49.10, 48.60<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price was traded higher following prior rebound from the support level of 1261.50. As the MACD indicator begins to hover outside of downward momentum, gold price may be traded higher in short-term as technical correction. Otherwise, the downward expansion of both MA lines suggests gold price to extend its losses for long-term.<\/p>\n

 <\/p>\n

Resistance level: 1265.25, 1269.20<\/p>\n

Support level: 1261.50, 1257.00<\/p>\n","protected":false},"excerpt":{"rendered":"

26 April 2017\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   ECB may signal tapering, Euro lifts further. Single common currency \u2013 euro has extended its prior rally after investors prospects were buoyed by centrist candidate Emmanuel Macron\u2019s victory during the first round of France\u2019s presidential election. Pair of EUR\/USD nudged up 0.1% to $1.0938, not far from 5\u00bd months […]<\/p>\n","protected":false},"author":25,"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\/14301"}],"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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=14301"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/14301\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=14301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=14301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=14301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}