{"id":17722,"date":"2017-06-30T03:14:47","date_gmt":"2017-06-30T03:14:47","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=17722"},"modified":"2017-06-30T03:14:47","modified_gmt":"2017-06-30T03:14:47","slug":"300617-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/300617-daily-analysis\/","title":{"rendered":"300617 Daily Analysis"},"content":{"rendered":"

30 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

Greenback battered, as euro and sterling dominates.<\/strong><\/span><\/p>\n

US dollar sags against other major currencies on Friday after a mixed outcome from its economic data failed to lift investors\u2019 confidence towards the economic giant. The dollar index which measures greenback\u2019s strength against a basket of six major currencies was down 0.04% to 95.27. Economic data that were released overnight showed an upward revision to the first quarter of US gross domestic product which came in at 1.4%. Economic expected it to remain constant at 1.2%. However, the better-than-expected GDP reading was offset by a weaker jobs data after US Department of Labor reported that last week\u2019s initial jobless claims were increased by 2,000 individuals to a total of 244,000, as compared to forecast of 240,000. Mixed signals given both economic data came amid of heavy selling pressure on the US dollar after its rivals, euro and pound sterling extended its rally despite mixed signals given by both European Central Bank and Bank of England. As of writing, GBP\/USD rose 0.08% to $1.3018 while euro eases 0.07% to $1.1433.<\/p>\n

 <\/p>\n

Peering into the commodities market, crude oil price added 0.42% to $45.12 while on track for its biggest weekly gains since mid-May due to a decline in US crude output. Otherwise, gold price ticked up 0.03% to $1,244.63 but remained under pressure as central banks hinted at tapering ultra-loose monetary policy which eroded the demand for safe haven.<\/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

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economy Data<\/u><\/p>\n\n\n\n\n\n\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
09:00<\/td>\nCNY \u2013 Manufacturing PMI (June)<\/td>\n51.2<\/td>\n51.0<\/td>\n51.7<\/td>\n<\/tr>\n
09:00<\/td>\nCNY \u2013 Non-Manufacturing PMI (June)<\/td>\n54.5<\/td>\n–<\/td>\n54.9<\/td>\n<\/tr>\n
14:00<\/td>\nEUR \u2013 German Retail Sales (MoM) (May)<\/td>\n-0.2%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
15:55<\/td>\nEUR \u2013 German Unemployment Change (June)<\/td>\n-9K<\/td>\n-10K<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 GDP (QoQ) (Q1)<\/td>\n0.2%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 CPI (YoY) (June)<\/td>\n1.4%<\/td>\n1.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Personal Spending (MoM) (May)<\/td>\n0.4%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 GDP (MoM) (Apr)<\/td>\n0.5%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Michigan Consumer Sentiment (June)<\/td>\n94.5<\/td>\n94.5<\/td>\n–<\/td>\n<\/tr>\n
01:00<\/td>\nCrude Oil \u2013 Baker Hughes Oil Rig Count<\/td>\n758<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD extended its rally following prior closure above the resistance level of 1.2970. Both moving average line which continues to expand upwards suggests GBPUSD to advance towards the target of resistance level at 1.3045.<\/p>\n

 <\/p>\n

Resistance level: 1.3045, 1.3120<\/p>\n

Support level: 1.2970, 1.2890<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded in an uptrend while currently remained thinly traded near the strong resistance level of 1.1445. MACD indicator which hovers outside of upward momentum suggests EURUSD to continue oscillate within the range of 1.1410 and 1.1445 in short-term as retracement period. Otherwise, long-term trend direction suggests EURUSD to extend its upward momentum.<\/p>\n

 <\/p>\n

Resistance level: 1.1445, 1.1480<\/p>\n

Support level: 1.1410, 1.1370<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY extended its losses following prior retracement while recently closed below the 20-moving average line (red). Recent closure below the 20-moving average line suggests further downward bias for USDJPY to extend its losses after successfully closing below the support level of 111.80.<\/p>\n

 <\/p>\n

Resistance level: 112.45, 113.05<\/p>\n

Support level: 111.80, 111.15<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price extended its gains following prior formation of golden cross by both MA lines while currently testing at the resistance level of 45.20. A successful closure above this level would suggest further upward bias towards the next target at 46.70.<\/p>\n

 <\/p>\n

Resistance level: 45.20, 46.70<\/p>\n

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

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price remained traded within a descending triangle following prior rebound from the bottom level. Recent rebound suggests upward bias for gold price in short-term to head towards the target of resistance level at 1250.10. Long-term trend direction only can be determined after a successful breakout from either side of the triangle.<\/p>\n

 <\/p>\n

Resistance level: 1250.10, 1258.90<\/p>\n

Support level: 1243.00, 1235.95<\/p>\n","protected":false},"excerpt":{"rendered":"

30 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   Greenback battered, as euro and sterling dominates. US dollar sags against other major currencies on Friday after a mixed outcome from its economic data failed to lift investors\u2019 confidence towards the economic giant. The dollar index which measures greenback\u2019s strength against a basket of six major currencies was down […]<\/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\/17722"}],"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=17722"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/17722\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=17722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=17722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=17722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}