{"id":18093,"date":"2017-07-06T03:41:42","date_gmt":"2017-07-06T03:41:42","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=18093"},"modified":"2017-07-06T03:41:42","modified_gmt":"2017-07-06T03:41:42","slug":"060717-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/060717-daily-analysis\/","title":{"rendered":"060717 Daily Analysis"},"content":{"rendered":"

6 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

 <\/p>\n

Dollar-bull worn-out, ambivalent minutes to be blamed.<\/strong><\/span><\/p>\n

US dollar held steady against its peers on Thursday after Federal Reserve\u2019s meeting minutes took the wind out from its recent bullish momentum, with market participants awaiting comments by central bankers and US data for next cues. The dollar index eased 0.02% and last quoted at 95.96. Federal Reserve members continued to view the recent slowdown in inflation as transitory and insisted that it would rise to their target over the long-term. The minutes also showed that the recent economic slowdown did not deter Federal Reserve\u2019s stance of raising interest rates gradually with most members expect it to rise to 2% by 2019. However, prior dollar-bull was derailed as the Feds left the timing of balance-sheet normalization uncertain. In the other region, pound sterling ticked down 0.04% to $1.2929 against the greenback during Asian trading hours. Sterling received selling pressure due to rising concerns over UK\u2019s economic performance following a series of underwhelming data.<\/p>\n

 <\/p>\n

Otherwise, crude oil price mends its losses by 0.75% to $45.47 after slumping more than 4% overnight due to rising crude exports from key producers in OPEC. As for gold, price of the yellow metal as up 0.50% to $1,226.46 while investors look ahead to a series of economic data from US later in the day.<\/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
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
09:30<\/td>\nAUD \u2013 Trade Balance (May)<\/td>\n0.555B<\/td>\n1.100B<\/td>\n2.471B<\/td>\n<\/tr>\n
15:15<\/td>\nCHF \u2013 CPI (MoM) (Jun)<\/td>\n0.2%<\/td>\n0.0%<\/td>\n–<\/td>\n<\/tr>\n
20:15<\/td>\nUSD \u2013 ADP Nonfarm Employment Change (Jun)<\/td>\n253K<\/td>\n185K<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n244K<\/td>\n243K<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Building Permits (MoM) (May)<\/td>\n-0.2%<\/td>\n2.6%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 ISM Non-Manufacturing PMI (Jun)<\/td>\n56.9<\/td>\n56.5<\/td>\n–<\/td>\n<\/tr>\n
23:00<\/td>\nCrude Oil \u2013 Crude Oil Inventories<\/td>\n0.118M<\/td>\n-2.283M<\/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 higher following prior rebound from the support level of 1.2900. In short-term, GBPUSD is expected to experience retracements and oscillate in between the range of 1.2900 and 1.2970. Otherwise, its long-term trend direction will be determined after breaking either side of the range.<\/p>\n

 <\/p>\n

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

Support level: 1.2900, 1.2850<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower following prior retracement from the resistance level of 1.1360. As EURUSD remained hovered in between both MA lines, it is suggested to experience brief retracement within the range 1.1300 and 1.1360. Otherwise, its long-term direction bias could only be determined after successfully breaking either side of the range.<\/p>\n

 <\/p>\n

Resistance level: 1.1360, 1.1400<\/p>\n

Support level: 1.1300, 1.1250<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY remained traded within an upward channel while currently testing at the bottom level. Both MA lines which continues to narrow downwards suggests higher possibility for USDJPY to breaking from the bottom level and signal a change in trend direction to move further downwards.<\/p>\n

 <\/p>\n

Resistance level: 113.30, 113.65<\/p>\n

Support level: 112.95, 112.60<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior rebound from the 60-moving average line (green). However, MACD histogram provides substantial downside signal which suggests crude oil price to extend its losses after closing below 45.30.<\/p>\n

 <\/p>\n

Resistance level: 46.05, 47.30<\/p>\n

Support level: 45.30, 44.65<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price extended gains following prior closure above the 60-moving average line (green). Both MA lines which continues to narrow upwards suggests gold price to move further up and retest at the strong resistance level of 1228.00.<\/p>\n

 <\/p>\n

Resistance level: 1228.00, 1235.00<\/p>\n

Support level: 1222.30, 1217.00<\/p>\n","protected":false},"excerpt":{"rendered":"

6 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   Dollar-bull worn-out, ambivalent minutes to be blamed. US dollar held steady against its peers on Thursday after Federal Reserve\u2019s meeting minutes took the wind out from its recent bullish momentum, with market participants awaiting comments by central bankers and US data for next cues. The dollar index eased 0.02% […]<\/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\/18093"}],"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=18093"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/18093\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=18093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=18093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=18093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}