{"id":17399,"date":"2017-06-22T03:02:22","date_gmt":"2017-06-22T03:02:22","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=17399"},"modified":"2017-06-22T03:02:22","modified_gmt":"2017-06-22T03:02:22","slug":"220617-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/220617-daily-analysis\/","title":{"rendered":"220617 Daily Analysis"},"content":{"rendered":"

22 June 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

US dollar retreats as equity market snapped.<\/strong><\/span><\/p>\n

US dollar slipped from its prior one-month peak against other major peers on Thursday as losses on Wall Street shares spurred investors to book their profits that are tied to expectations of possibly another interest rate hike by year end. The dollar index sheds 0.20% to 97.15, shying away from one-month high of 97.50. Last week, US Federal Reserve raised their benchmark rates by 25 basis points as widely expected while Fed Chair Janet Yellen downplayed recent signs of inflation softening, catalyzing higher prospects upon the central bank to follow through its plans to have three rate hikes in 2017. \u201cIt\u2019s a bit of a pushback from equity space while the market is still digesting what Yellen had said,\u201d explained Jason Leinwand, senior currency strategist. Likewise, pound sterling held gains this morning after Bank of England\u2019s chief economist, Andy Haldane stated that he will support for a British rate hike this year. Likewise, investors will be closely watching political developments in Britain with Prime Minister Theresa May\u2019s Conservative Party still in talks with Northern Ireland\u2019s Democratic Unionist Party to form a new government. The pair of GBP\/USD ticked up 0.03% to $1.2675 during Asian trading hours.<\/p>\n

 <\/p>\n

As for commodities market, crude oil price rose 0.33% to $42.67, hovering near 10-months low of $42.02. Although Energy Information Administration reported a larger-than-expected draw in crude and gasoline stockpiles, investors are looking for more signs that output cuts led by OPEC are giving substantial results in ending the three-year supply glut. In a similar notion, gold price rose 0.69% to $1,252.01 as cheaper oil price pushed down stock markets while boosting the demand for safe haven assets due to risk aversion.<\/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\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

05:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 NZD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0RBNZ Rate Statement<\/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
05:00<\/td>\nNZD \u2013 RBNZ Interest Rate Decision<\/td>\n1.75%<\/td>\n1.75%<\/td>\n1.75%<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n237K<\/td>\n240K<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Core Retail Sales (MoM) (Apr)<\/td>\n-0.2%<\/td>\n0.7%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded within a downward channel while recently retraced from the 20-moving average line (red). It is suggested to extend its losses towards the target of support level at 1.2630 in short-term. Likewise, it is suggested to be traded within the downward channel unless a breakout occur at either side of the channel.<\/p>\n

 <\/p>\n

Resistance level: 1.2710, 1.2800<\/p>\n

Support level: 1.2630, 1.2550<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD remained traded within a downward channel following prior rebound from the bottom level. A closure above the resistance level of 1.1170 would suggest EURUSD to extend its upward momentum towards the top level of the channel.<\/p>\n

 <\/p>\n

Resistance level: 1.1170, 1.1205<\/p>\n

Support level: 1.1140, 1.1100<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower following prior retracement from the strong resistance level of 111.60 while recently closing below the 20-moving average line (red). USDJPY is expected to extend its losses after successfully breaking the support level of 110.90.<\/p>\n

 <\/p>\n

Resistance level: 111.60, 112.10<\/p>\n

Support level: 110.90, 110.30<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price remained traded within a downward channel following prior rebound from the bottom level. Such rebound suggests crude oil price to be traded higher in short-term towards the resistance level of 43.00. Likewise, long-term trend direction suggests crude oil price to extend its trading within the downward channel unless a breakout occur at its either side.<\/p>\n

 <\/p>\n

Resistance level: 43.00, 44.20<\/p>\n

Support level: 42.00, 41.00<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price has extended its gains following prior formation of golden cross by both moving average line. Recent closure above the 23.6 Fibonacci level of 1250.10 suggests gold price to advance further up towards the target of resistance level at 1256.00.<\/p>\n

 <\/p>\n

Resistance level: 1256.00, 1260.70<\/p>\n

Support level: 1250.10, 1247.00<\/p>\n","protected":false},"excerpt":{"rendered":"

22 June 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   US dollar retreats as equity market snapped. US dollar slipped from its prior one-month peak against other major peers on Thursday as losses on Wall Street shares spurred investors to book their profits that are tied to expectations of possibly another interest rate hike by year end. The dollar […]<\/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\/17399"}],"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=17399"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/17399\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=17399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=17399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=17399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}