{"id":18001,"date":"2017-07-05T03:04:29","date_gmt":"2017-07-05T03:04:29","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=18001"},"modified":"2017-07-05T03:04:29","modified_gmt":"2017-07-05T03:04:29","slug":"050717-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/050717-daily-analysis\/","title":{"rendered":"050717 Daily Analysis"},"content":{"rendered":"

5 July 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\u00a0 Daily Analysis<\/strong><\/p>\n

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North Korea tests ICBM, investors gush to safe-haven.<\/strong><\/span><\/p>\n

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US dollar slipped against the Japanese counterpart on Wednesday amid rising tension between the United States and North Korea while Canadian dollar held firm after the nation\u2019s central bank chief backed for an interest rate hike. The dollar shed 0.21% to 113.03 against the Japanese yen while the dollar index ticked down 0.05% to 95.85. Pyongyang said on Tuesday that they had conducted a test on a newly developed intercontinental ballistic missile (ICBM) which are able to carry large and heavy nuclear warhead, triggering a call by Washington for global action against the isolated nation and its pursuits of nuclear weapons. Pentagon condemned the missile launch and was prepared to defend United States and its allies against the growing threat from North Korea. Otherwise, the pair of USD\/CAD held steady at around C$1.2940 after hitting 10-months low of C$1.2910. Bank of Canada Governor Stephen Poloz told a German newspaper that Canada\u2019s inflation could achieve an uptrend by first half of 2018, adding that policy normalization must begin before price growth hits its target.<\/p>\n

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Likewise, crude oil price held steady at $47.09 a barrel after being supported by tentative signs that persistent rise in US crude production may be slowing. Concurrently, gold price rose 0.72% to $1,226.72 in midst of rising Korean peninsula tension.<\/p>\n

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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

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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

02:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 USD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0FOMC Meeting Minutes<\/p>\n

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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
16:30<\/td>\nGBP \u2013 Services PMI (Jun)<\/td>\n53.8<\/td>\n53.5<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Factory Orders (MoM) (May)<\/td>\n-0.2%<\/td>\n-0.5%<\/td>\n–<\/td>\n<\/tr>\n
04:30<\/td>\nCrude Oil \u2013 API Weekly Crude Oil Stock<\/td>\n0.850M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD were traded higher following prior rebound from the support level of 1.2910. Recent closure above the 20-moving average line (red) suggests further upside bias for GBPUSD to advance towards the resistance level of 1.2970.<\/p>\n

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Resistance level: 1.2970, 1.3030<\/p>\n

Support level: 1.2910, 1.2850<\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded higher following prior rebound while successfully closing above the 20-moving average line (red). MACD histogram which begins to illustrate substantial upward signal suggests EURUSD to advance towards the first target at 1.1380.<\/p>\n

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Resistance level: 1.1380, 1.1445<\/p>\n

Support level: 1.1345, 1.1310<\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY were traded lower following prior retracement while recently closed below the psychological level of 113.00. Referring to MACD indicator which hovers outside of upward momentum suggests USDJPY to be traded lower in short-term, towards the target of support level at 112.50.<\/p>\n

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Resistance level: 113.00, 113.70<\/p>\n

Support level: 112.50, 112.00<\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price were traded flat in between the range of 46.70 and 47.50 due to lack of momentum. MACD indicator begins to drift outside of upward momentum suggests crude oil price to be traded lower in short-term as technical correction. Otherwise, long-term trend direction still suggests crude oil price to extend further upwards.<\/p>\n

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Resistance level: 47.50, 48.40<\/p>\n

Support level: 46.70, 46.00<\/p>\n

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price were traded higher following prior rebound from the support level of 1222.30. Recent closure above the 23.6 Fibonacci level of 1227.00 suggests further upward bias for gold price to extend its gains towards the resistance level at 1232.30.<\/p>\n

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Resistance level: 1232.30, 1236.60<\/p>\n

Support level: 1227.00, 1222.30<\/p>\n","protected":false},"excerpt":{"rendered":"

5 July 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\u00a0 Daily Analysis   North Korea tests ICBM, investors gush to safe-haven.   US dollar slipped against the Japanese counterpart on Wednesday amid rising tension between the United States and North Korea while Canadian dollar held firm after the nation\u2019s central bank chief backed for an interest rate hike. The dollar shed 0.21% […]<\/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\/18001"}],"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=18001"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/18001\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=18001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=18001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=18001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}