{"id":14533,"date":"2017-05-02T03:12:52","date_gmt":"2017-05-02T03:12:52","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=14533"},"modified":"2017-05-02T03:12:52","modified_gmt":"2017-05-02T03:12:52","slug":"020517-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/020517-daily-analysis\/","title":{"rendered":"020517 Daily Analysis"},"content":{"rendered":"

2 May 2017\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 Daily Analysis<\/strong><\/p>\n

 <\/p>\n

Dollar unfazed as financial market resumes trading.<\/strong><\/span><\/p>\n

US dollar was traded flat during early Asian session on Tuesday as the market resumes its trading following yesterday\u2019s Labour Day while investors look ahead to Australia\u2019s central bank board meeting minutes. The dollar index was unchanged at 98.88 against six major peers as of writing. Overnight, the dollar inches higher despite disappointing economic data while bullish remarks from US Treasury Secretary Steven Mnuchin failed to lift greenback further. According to Mnuchin, it may take up to two years for the US economy to achieve 3% growth while highlighted that Trump\u2019s tax reform and regulatory relief plans would be the main catalyst to induce economic growth. Meanwhile, pound sterling was up 0.15% to $1.2905 although remained under pressure as EU leaders may likely to demand UK to pay its liabilities before a new trade deal can be discussed.<\/p>\n

 <\/p>\n

As for the commodities market, crude oil price drifted lower in Asia, down 0.10% to $48.79 as investors look forward for latest weekly estimates on crude inventories due tomorrow morning. Otherwise, gold price was up 0.29% to $1,256.99 as investors took the opportunity to buy the asset from a lower price following prior consecutive losses.<\/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

\u00a0<\/strong><\/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

12:30 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 AUD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0RBA Rate Statement<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economy Data<\/u><\/p>\n\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
09:45<\/td>\nCNY \u2013 Caixin Manufacturing PMI (Apr)<\/td>\n51.2<\/td>\n51.2<\/td>\n–<\/td>\n<\/tr>\n
12:30<\/td>\nAUD \u2013 RBA Interest Rate Decision (May)<\/td>\n1.50%<\/td>\n1.50%<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Manufacturing PMI (Apr)<\/td>\n54.2<\/td>\n54.0<\/td>\n–<\/td>\n<\/tr>\n
04:30<\/td>\nCrude Oil \u2013 API Weekly Crude Oil Stock<\/td>\n0.897M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD were traded higher following a rebound from the support level of 1.2890. The signal line from MACD histogram begins to form an upward signal suggests GBPUSD to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 1.2915, 1.2965<\/p>\n

Support level: 1.2890, 1.2865<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD remains traded within a trading range while recently rebounded from the support level of 1.0895. It is expected to be traded higher in short-term, towards the target of resistance level at 1.0950. Long-term trend direction could only be determined after a successful breakout from either side of the range.<\/p>\n

 <\/p>\n

Resistance level: 1.0950, 1.1000<\/p>\n

Support level: 1.0895, 1.0850, 1.0800<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY extended its gains following prior formation of golden cross by both moving average line. A successful closure above the resistance level of 112.20 would suggest USDJPY to extend its upward momentum.<\/p>\n

 <\/p>\n

Resistance level: 112.20, 112.90<\/p>\n

Support level: 111.40, 110.60<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded lower following previous formation of death cross by both MA lines. As both lines continue to expand downwards, a closure below the support level of 48.65 would suggest crude oil price to extend its downtrend.<\/p>\n

 <\/p>\n

Resistance level: 48.95, 49.20<\/p>\n

Support level: 48.65, 48.20<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower following prior closure below the strong support level of 1260.85. As the MACD histogram continues to illustrate downward signal, gold price is expected to advance further down, towards the target of support level at 1251.45.<\/p>\n

 <\/p>\n

Resistance level: 1260.85, 1267.40<\/p>\n

Support level: 1251.45, 1239.50<\/p>\n","protected":false},"excerpt":{"rendered":"

2 May 2017\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 Daily Analysis   Dollar unfazed as financial market resumes trading. US dollar was traded flat during early Asian session on Tuesday as the market resumes its trading following yesterday\u2019s Labour Day while investors look ahead to Australia\u2019s central bank board meeting minutes. The dollar index was unchanged at 98.88 against six major […]<\/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\/14533"}],"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=14533"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/14533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=14533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=14533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=14533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}