{"id":16025,"date":"2017-05-30T03:19:32","date_gmt":"2017-05-30T03:19:32","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=16025"},"modified":"2017-05-30T03:32:40","modified_gmt":"2017-05-30T03:32:40","slug":"300517-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/300517-daily-analysis\/","title":{"rendered":"300517 Daily Analysis"},"content":{"rendered":"

30 May 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

Euro-bull snapped as political uncertainty arises.<\/strong><\/span><\/p>\n

Greenback held firmed on Tuesday while regaining its position against euro and sterling which were pressured by political uncertainties in the eurozone and UK. The dollar index was up 0.30% to 97.55 against six major peers. Traders had a subdued start for the week with financial markets in US and UK closed for holidays on Monday. Likewise, market participants will be looking ahead to Friday\u2019s highly anticipated US Nonfarm Payrolls report which is expected to set near-term market sentiment. A strong US jobs report would cement overall expectation for a rate hike by US Federal Reserve during its next meeting in June. Otherwise, euro slipped 0.35% to $1.1127 after former Italian Prime Minister Matteo Renzi said that it is plausible for Italy\u2019s next election to be held around the same time as Germany, which is scheduled on September. \u201cA selloff was evoked after the market begun to realize there\u2019s political uncertainty in Italy as Renzi\u2019s comment are in favor for snap election,\u201d said Masafumi Yamamoto, chief forex strategist.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price rose 0.26% to $49.93 as summer driving season in United States suggested strong fuel demand for the months ahead. US demand for transport fuels such as gasoline and diesels tend to rise significantly during summer as families go on holidays and travel across the country. As for safe haven gold, price of the yellow metal rose 0.14% to $1,269.36 while investors await US employment report due this Friday.<\/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

All Day \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0CNY \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0China \u2013 Dragon Boat Festival<\/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\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 Building Approvals (MoM) (Apr)<\/td>\n-13.4%<\/td>\n3.0%<\/td>\n4.4%<\/td>\n<\/tr>\n
20:00<\/td>\nEUR \u2013 German CPI (MoM) (May)<\/td>\n0.0%<\/td>\n-0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Personal Spending (MoM) (Apr)<\/td>\n0.0%<\/td>\n0.4%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 CB Consumer Confidence (May)<\/td>\n120.3<\/td>\n119.8<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, Daily: <\/strong>GBPUSD was traded lower while remained hovering near the 23.6 Fibonacci level of 1.2795. However, as the MACD histogram continues to illustrate substantial downward signal, a successful closure below the support level of 1.2795 would suggest GBPUSD to move further downwards.<\/p>\n

 <\/p>\n

Resistance level: 1.3045, 1.3180<\/p>\n

Support level: 1.2975, 1.2640<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4:<\/strong> EURUSD has recently broke out from the bottom level of descending triangle, signaling a change in trend direction to move further downwards. As both MA lines continue to narrow downwards, EURUSD is suggested to move lower towards the target of support level at 1.1100.<\/p>\n

 <\/p>\n

Resistance level: 1.1165, 1.1265<\/p>\n

Support level: 1.1100, 1.1050<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY has recently formed a head and shoulders pattern, while currently testing at the neckline of 110.85. A closure below the neckline would suggest USDJPY to extended its losses to the next target of support level at 110.20.<\/p>\n

 <\/p>\n

Resistance level: 111.45, 112.10<\/p>\n

Support level: 110.85, 110.20<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded lower following prior retrace from the resistance level of 50.00 and currently testing in between both moving average line. A closure below the 20-moving average line (red), would suggest crude oil price to advance further down, towards the target of support level at 48.85.<\/p>\n

 <\/p>\n

Resistance level: 50.00, 52.00<\/p>\n

Support level: 48.85, 47.85<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price has recently break out from the top level of ascending triangle, signaling a change in trend direction to move further upwards. It is expected to extend its uptrend after breaking the resistance level of 1271.00<\/p>\n

 <\/p>\n

Resistance level: 1271.00, 1278.00<\/p>\n

Support level: 1261.00, 1253.80, 1246.00<\/p>\n","protected":false},"excerpt":{"rendered":"

30 May 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   Euro-bull snapped as political uncertainty arises. Greenback held firmed on Tuesday while regaining its position against euro and sterling which were pressured by political uncertainties in the eurozone and UK. The dollar index was up 0.30% to 97.55 against six major peers. Traders had a subdued start for the […]<\/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\/16025"}],"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=16025"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/16025\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=16025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=16025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=16025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}