{"id":167435,"date":"2021-04-12T23:55:26","date_gmt":"2021-04-12T23:55:26","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=167435"},"modified":"2021-04-12T23:55:26","modified_gmt":"2021-04-12T23:55:26","slug":"130421-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/130421-morning-session-analysis\/","title":{"rendered":"130421 Morning Session Analysis"},"content":{"rendered":"

13 April 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis<\/strong><\/p>\n

Pound rebounded following lockdown eased.<\/strong><\/span><\/p>\n

Pound Sterling rebounded following the UK government eased the Covid-19 lockdown, reopening outdoor areas of pubs and restaurant on yesterday. Investors speculated that the lockdown easing plan would able to enhance the consumer spending in services sector in United Kingdom, which dialled up the market optimism toward the economic progression in the United Kingdom while spurring further demand on the Pound Sterling. Nonetheless, government ministers, scientists and health officials are warning the public against complacency, even after more than 60% of adults have received a first dose of a Covid-19 vaccine. Though, the gains experienced by Pound Sterling was limited amid negative prospect for the AstraZeneca\u2019s vaccine. According to BBC, more than 10 people have died from unusual blood clots after getting the Oxford\/AstraZeneca vaccine in UK. As for now, investors would continue to scrutinize the latest updates with regards of the Covid-19 development in order to gauge the likelihood movement for the currency. As of writing, GBP\/USD appreciated by 0.05% to 1.3745.<\/p>\n

 <\/p>\n

In the commodities market, the crude oil price surged 0.32% to $59.81 per barrel as of writing. The oil market edged higher over the pace of Covid-19 vaccinations in the United Stated. Growing expectation of surging U.S. economy activity had enhanced the prospect for the oil demand in future. On the other hand, the gold price slumped 0.02% to $1732.60 per troy ounces as of writing as market participants were still digesting the release of positive economic data from the US region last week.<\/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 Economic 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
14:00<\/td>\nGBP – GDP (MoM)<\/td>\n-2.9%<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP – Manufacturing Production (MoM) (Feb)<\/td>\n-2.3%<\/td>\n0.5%<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR – German ZEW Economic Sentiment (Apr)<\/td>\n76.6<\/td>\n79.5<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD – Core CPI (MoM) (Mar)<\/td>\n0.1%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Technical Analysis<\/u><\/strong><\/p>\n

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower while currently testing the support level at 92.00. MACD which illustrated diminishing bullish momentum suggest the index to extend its losses after it successfully breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 92.55, 93.30<\/p>\n

Support level: 92.00, 91.35<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher following prior rebound from the support level at 1.3675. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains toward resistance level at 1.3800.<\/p>\n

 <\/p>\n

Resistance level: 1.3800, 1.3905<\/p>\n

Support level: 1.3675, 1.3560<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher while currently testing the resistance level at 1.1920. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.1920, 1.1985<\/p>\n

Support level: 1.1860, 1.1795<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower while currently near the support level at 109.20. MACD which illustrated diminishing bullish momentum suggest the pair to extend its losses after it successfully breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 109.90, 110.80<\/p>\n

Support level: 109.20, 108.50<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower while currently testing the support level at 0.7610. However, MACD which illustrated diminishing bearish momentum suggest the pair toe extend its gains toward resistance level at 0.7665.<\/p>\n

 <\/p>\n

Resistance level: 0.7665, 0.7735<\/p>\n

Support level: 0.7610, 0.7570<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, Daily: <\/strong>NZDUSD was traded higher following rebound from the support level at 0.6960. However, MACD which illustrated diminishing bullish momentum suggest the pair to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 0.7110, 0.7320<\/p>\n

Support level: 0.6960, 0.6760<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded higher while currently testing the resistance level at 1.2565. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.2565, 1.2615<\/p>\n

Support level: 1.2515, 1.2475<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, Daily: <\/strong>USDCHF was traded lower while currently testing the support level at 0.9210. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses after it successfully breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 0.9365, 0.9465<\/p>\n

Support level: 0.9210, 0.9110<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher while currently testing the resistance level at 59.90. MACD which illustrated bullish bias momentum suggest the commodity to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 59.90, 61.85<\/p>\n

Support level: 57.40, 55.40<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower following prior breakout below the previous support level at 1738.35. MACD which illustrated increasing bearish momentum suggest the commodity to extend its losses toward support level at 1724.00.<\/p>\n

 <\/p>\n

Resistance level: 1738.35, 1754.30<\/p>\n

Support level: 1724.00, 1702.85<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

13 April 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis Pound rebounded following lockdown eased. Pound Sterling rebounded following the UK government eased the Covid-19 lockdown, reopening outdoor areas of pubs and restaurant on yesterday. Investors speculated that the lockdown easing plan would able to enhance the consumer spending in services sector in United Kingdom, which dialled up 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\/167435"}],"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=167435"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/167435\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=167435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=167435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=167435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}