{"id":181169,"date":"2021-06-23T05:31:17","date_gmt":"2021-06-23T05:31:17","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=181169"},"modified":"2021-06-23T05:31:17","modified_gmt":"2021-06-23T05:31:17","slug":"230621-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/230621-afternoon-session-analysis\/","title":{"rendered":"230621 Afternoon Session Analysis"},"content":{"rendered":"

23 June 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

 <\/p>\n

Pound rose amid comments from U.K Health Secretary.<\/strong><\/span><\/p>\n

The pound sterling which traded against the dollar and other currency pairs have rose following a positive comment from U.K Department of Health. According to reports, U.K Health Secretary Matt Hancock stated that the Covid-19 data are looking positive for lifting lockdown restriction on 19 July. This comes after Prime Minister Boris Johnson stated that it was looking good for the final lifting of lockdown next month. As a result, market remains optimistic about the U.K economy despite with the delay in easing restrictions. On top of that, the pound also was also further boosted by the latest U.K factory data from CBI that show output have rose at its fastest pace since July 1975. CBI also predict that the economy will return to pre-Covid levels by the end of the year. At the time of writing, GBP\/USD rose 0.02% to 1.3928.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price rose 0.12% to $73.55 per barrel at the time of writing following expectation of fuel consumption recovery. According to data, key energy markets including the U.S. and China have seen a strong rebound from Covid-19, boosting fuel consumption and helping to drain bloated inventories built up during the pandemic. On the other hand, gold price edge fell 0.06% to $1781.21 a troy ounce at the time of writing following dollar rebound.<\/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\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
15:30<\/td>\nEUR – German Manufacturing PMI (Jun)<\/td>\n63.0<\/td>\n64.4<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP – Manufacturing PMI<\/td>\n65.6<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP – Services PMI<\/td>\n62.9<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD – Core Retail Sales (MoM) (Apr)<\/td>\n-5.0%<\/td>\n4.3%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD – New Home Sales (May)<\/td>\n870K<\/td>\n863K<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n-7.355M<\/td>\n-3.942M<\/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 higher following prior rebound from the support level 91.75. MACD which illustrate diminishing bearish momentum signals suggest the dollar to extend its rebound towards the resistance level 92.25.<\/p>\n

 <\/p>\n

Resistance level: 92.25, 92.70<\/p>\n

Support level: 91.75, 91.30<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following prior retracement from the resistance level 1.3935. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its retracement towards the support level 1.3830.<\/p>\n

 <\/p>\n

Resistance level: 1.3935, 1.4020<\/p>\n

Support level: 1.3830, 1.3755<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower while currently testing the support level 1.1920. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1.1985, 1.2070<\/p>\n

Support level: 1.1920, 1.1845<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher while currently testing the resistance level 110.85. MACD which illustrate bullish momentum signal suggest the pair to extend its gains after it breaks above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 110.85, 111.45<\/p>\n

Support level: 110.30, 109.75<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower following prior retracement from the resistance level 0.7545. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its retracement towards the support level 0.7475.<\/p>\n

 <\/p>\n

Resistance level: 0.7545, 0.7595<\/p>\n

Support level: 0.7475, 0.7395<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower while currently testing the support level 0.7000. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 0.7065, 0.7135<\/p>\n

Support level: 0.7000, 0.6925<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower following recent breakout below the previous support level 1.2350. MACD which illustrate persistent bearish bias signal suggest the pair to extend its losses towards the support level 1.2275.<\/p>\n

 <\/p>\n

Resistance level: 1.2350, 1.2420<\/p>\n

Support level: 1.2275, 1.2185<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher following prior rebound from the support level 0.9180. MACD which illustrate diminishing bearish momentum signal suggest the pair to extend its rebound towards the resistance level 0.9245.<\/p>\n

 <\/p>\n

Resistance level: 0.9245, 0.9280<\/p>\n

Support level: 0.9180, 0.9135<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior rebound from the support level 72.40. MACD which illustrate ongoing bullish momentum signals suggest the commodity to extend its gains towards the resistance level 74.20.<\/p>\n

 <\/p>\n

Resistance level: 74.20, 76.30<\/p>\n

Support level: 72.40, 70.25<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher following prior rebound from the support level 1767.55. MACD which illustrate ongoing bullish momentum signal suggest the commodity to extend its rebound towards the resistance level 1812.10.<\/p>\n

 <\/p>\n

Resistance level: 1812.10, 1856.00<\/p>\n

Support level: 1767.55, 1725.50.<\/p>\n","protected":false},"excerpt":{"rendered":"

23 June 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis   Pound rose amid comments from U.K Health Secretary. The pound sterling which traded against the dollar and other currency pairs have rose following a positive comment from U.K Department of Health. According to reports, U.K Health Secretary Matt Hancock stated that the Covid-19 data are looking positive for […]<\/p>\n","protected":false},"author":54,"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\/181169"}],"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\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=181169"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/181169\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=181169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=181169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=181169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}