{"id":181877,"date":"2021-06-28T01:13:22","date_gmt":"2021-06-28T01:13:22","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=181877"},"modified":"2021-06-28T01:13:22","modified_gmt":"2021-06-28T01:13:22","slug":"280621-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/280621-morning-session-analysis\/","title":{"rendered":"280621 Morning Session Analysis"},"content":{"rendered":"

28 June 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis<\/strong><\/p>\n

Pound slumped amid Delta virus fears.<\/strong><\/span><\/p>\n

Pound Sterling extend its losses amid resurgence of Covid-19 cases from the UK region had continue to weigh down the market sentiment toward the economic progression in United Kingdom. According to CNBC, the U.K. recorded its most new Covid-19 infections since early February on Saturday. Government data showed that another 18,270 people tested positive for the virus across the U.K., the highest daily number since 5th<\/sup> February. Over the past few weeks, early 100,000 have tested positive, more than 50% increase up on the week before. The spiking numbers of Covid-19 cases had spurred concerns whether lockdown restrictions will end as planned. Daily cases have risen sharply over the past few weeks was mostly due to the delta variant. Nonetheless, as for now investors would continue to scrutinize the latest updates with regards of the Covid-19 development as well as further economic data in order to gauge the likelihood movement for the Pound Sterling. As of writing, GBP\/USD depreciated by 0.08% to 1.3889.<\/p>\n

 <\/p>\n

In the commodities market, the crude oil price surged 0.40% to $74.65 per barrel as of writing amid market participants remained optimism that the fast pace of vaccination program would able to enhance to crude oil demand in future. On the other hand, the gold price slumped 0.04% to $1781.25 per troy ounces as of writing. The gold price was traded at lower boundary amid market participants are still digesting the earlier hawkish tone from the Federal Reserve.<\/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\/A<\/p>\n

 <\/p>\n

 <\/p>\n

Technical Analysis<\/u><\/strong><\/p>\n

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower following prior retracement from the resistance level at 92.35. However, MACD which illustrated diminishing bearish momentum suggest the index to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 92.35. 93.25<\/p>\n

Support level: 91.35, 90.35<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower while currently testing the support level at 1.3870. However, MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 1.3940, 1.3990<\/p>\n

Support level: 1.3870, 1.3810<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher while currently testing the resistance level at 1.1955. However, MACD which illustrated diminishing bullish momentum suggest the pair to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 1.1955, 1.2065<\/p>\n

Support level: 1.1855, 1.1725<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower following prior retracement from the resistance level at 111.00. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward support level at 110.35.<\/p>\n

 <\/p>\n

Resistance level: 111.00, 111.55<\/p>\n

Support level: 110.35, 109.75<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, Daily: <\/strong>AUDUSD was traded higher while currently testing the resistance level at 0.7590. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.7590, 0.7700<\/p>\n

Support level: 0.7465, 0.7365<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, Daily: <\/strong>NZDUSD was traded higher while currently testing the resistance level at 0.7120. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.7120, 0.7300<\/p>\n

Support level: 0.6940, 0.6770<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower while currently testing the support level at 1.2275. MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 1.2360, 1.2480<\/p>\n

Support level: 1.2275, 1.2165<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, Daily: <\/strong>USDCHF was traded lower while currently testing the support level at 0.9165. MACD which illustrated diminishing bullish momentum suggest the pair to extend it losses after it successfully breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 0.9235, 0.9305<\/p>\n

Support level: 0.9165, 0.9095<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher following prior breakout above the previous resistance level at 73.75. MACD which illustrated increasing bullish momentum suggest the commodity to extend its gains toward resistance level at 75.10.<\/p>\n

 <\/p>\n

Resistance level: 75.10,76.70<\/p>\n

Support level: 73.75, 72.50<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower following prior retracement from the resistance level at 1793.95. MACD which illustrated diminishing bullish momentum suggest the commodity to extend its losses toward support level at 1764.75.<\/p>\n

 <\/p>\n

Resistance level: 1793.95, 1814.00<\/p>\n

Support level: 1764.75, 1735.85<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

28 June 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis Pound slumped amid Delta virus fears. Pound Sterling extend its losses amid resurgence of Covid-19 cases from the UK region had continue to weigh down the market sentiment toward the economic progression in United Kingdom. According to CNBC, the U.K. recorded its most new Covid-19 infections since early February […]<\/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\/181877"}],"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=181877"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/181877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=181877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=181877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=181877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}