{"id":18771,"date":"2017-07-19T03:11:21","date_gmt":"2017-07-19T03:11:21","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=18771"},"modified":"2017-07-19T03:11:21","modified_gmt":"2017-07-19T03:11:21","slug":"190717-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/190717-daily-analysis\/","title":{"rendered":"190717 Daily Analysis"},"content":{"rendered":"

19 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 Daily Analysis<\/strong><\/p>\n

 <\/p>\n

Greenback bruised as Trumponomics dawdle.<\/strong><\/span><\/p>\n

US dollar plunged to its weakest level in 11 months after the latest setback on Republicans effort to repeal and replace Obamacare. The dollar index mends some losses by 0.10% to 94.40 during Asian trading hours. \u201cThe reform momentum of Trump\u2019s administration has yet received another blow,\u201d said strategist at Morgan Stanley. \u201cClearly, anything that comes along at the moment just corroborates the market\u2019s pessimism towards the dollar\u201d. The inability to enact healthcare reform led to questions on Trump\u2019s ability to enact further changes to American tax system in the near future, dampening prior optimism towards Trump\u2019s economic agenda. Otherwise, pound sterling eases by 0.09% to $1.3030 amid yesterday\u2019s weaker-than-expected inflation data. For the month of June, UK\u2019s Consumer Price Index fell to 2.6%, missing economist target of 2.9% while dampening hopes for a rate hike by Bank of England in the near term.<\/p>\n

 <\/p>\n

Otherwise, crude oil price sheds 0.32% to $46.25 following a surprise build in US crude inventories. According to American Petroleum Institute, crude stockpiles were up 1.628 million barrels last week, missing expectation for a draw of 3.500 million barrels. On the other hand, gold price held steady near three-weeks high at $1,242.00 following reduced confidence in US President Donald Trump\u2019s agenda.<\/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 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
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Building Permits (Jun)<\/td>\n1.168M<\/td>\n1.200M<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Housing Starts (MoM) (Jun)<\/td>\n-5.5%<\/td>\n5.8%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Manufacturing Sales (MoM) (May)<\/td>\n1.1%<\/td>\n0.8%<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n-7.564M<\/td>\n-3.214M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded lower following prior retracement from the resistance level of 1.3050. Recent formation of death cross by both MA line suggests GBPUSD to extend its losses towards the target of support level at 1.3000.<\/p>\n

 <\/p>\n

Resistance level: 1.3050, 1.3085<\/p>\n

Support level: 1.3000, 1.2965<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded lower following prior retracement from previous high at 1.1580. Recent closure below the 20-MA line (red) suggest EURUSD to extend its retracement towards the target of support level at 1.1530.<\/p>\n

 <\/p>\n

Resistance level: 1.1555, 1.1580<\/p>\n

Support level: 1.1530, 1.1500<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher following prior rebound near the support level of 111.65. However, as both MA line continues to expand downwards while coupled with increasing downward momentum from MACD, USDJPY is expected to extend its losses towards the target of support level at 111.65.<\/p>\n

 <\/p>\n

Resistance level: 112.30, 113.15<\/p>\n

Support level: 111.65, 111.00<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price remains traded within an ascending triangle following prior rebound from the bottom level. A successful closure above the resistance level of 46.55 would suggest crude oil price to extend its upward momentum towards the next target at 46.90.<\/p>\n

 <\/p>\n

Resistance level: 46.55, 46.90, 47.20<\/p>\n

Support level: 46.10, 45.65<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price has extended its gains following previous formation of golden cross by both moving average line. As both lines continue to expand upwards, a rebound from the support level of 1240.20 would suggest gold price continue its prior uptrend.<\/p>\n

 <\/p>\n

Resistance level: 1246.75, 1253.00<\/p>\n

Support level: 1240.20, 1230.00<\/p>\n","protected":false},"excerpt":{"rendered":"

19 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 Daily Analysis   Greenback bruised as Trumponomics dawdle. US dollar plunged to its weakest level in 11 months after the latest setback on Republicans effort to repeal and replace Obamacare. The dollar index mends some losses by 0.10% to 94.40 during Asian trading hours. \u201cThe reform momentum of Trump\u2019s administration has yet […]<\/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\/18771"}],"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=18771"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/18771\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=18771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=18771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=18771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}