{"id":18926,"date":"2017-07-21T03:15:14","date_gmt":"2017-07-21T03:15:14","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=18926"},"modified":"2017-07-21T03:15:14","modified_gmt":"2017-07-21T03:15:14","slug":"210717-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/210717-daily-analysis\/","title":{"rendered":"210717 Daily Analysis"},"content":{"rendered":"

21 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

Draghi came to justify, Euro creeps to two-years high.<\/strong><\/span><\/p>\n

Euro stood tall at 22-months high against the greenback on Friday after European Central Bank (ECB) President Mario Draghi commented that the bank would discuss the next step for its monetary stimulus program in fall. Pair of EUR\/USD eased 0.09% to $1.1622 as of writing. Speaking at the ECB post meeting press conference, Draghi stated that the governing council was \u201cunanimous in setting no precise date on when to discuss changes in the future\u201d while adding that the discussion may start during autumn. The shared currency reacted positively as investors deemed the remark as a sign that ECB might not extend its quantitative easing program beyond December. On the other hand, US dollar took another hit on yesterday following the news of Special Counsel Robert Mueller\u2019s intention to expand his investigation to look at US President Donald Trump\u2019s business dealing with Russia. Such move may slowdown the introduction of Trump\u2019s pro-growth policies which are deemed to boost the economy. Consequently, the dollar index ticked up 0.02% to 94.10.<\/p>\n

 <\/p>\n

Otherwise, crude oil price settled higher at $46.97 while investors await OPEC\u2019s meeting which is scheduled next Monday for further signal regarding their production cut deal. Concurrently, gold price sheds $0.83 to $1,243.97 while on track for a second consecutive weekly gains after easing from a three-weeks high on previous session.<\/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
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Public Sector Net Borrowing (Jun)<\/td>\n5.99B<\/td>\n4.30B<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Core CPI (MoM) (Jun)<\/td>\n0.1%<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Core Retail Sales (MoM) (May)<\/td>\n1.5%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
01:00<\/td>\nCrudeOIL \u2013 US Baker Hughes Oil Rig Count<\/td>\n765<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD remains traded within an upward channel following prior retracement from the top level. Both MA line which continues to narrow downward suggests GBPUSD to extend its losses towards the bottom level of the channel after a successful closure below the 60-MA line (green).<\/p>\n

 <\/p>\n

Resistance level: 1.3000, 1.3050<\/p>\n

Support level: 1.2920, 1.2855<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from the support level of 1.1480. Both MA lines which continues to expand upwards suggests EURUSD to extend its uptrend after breaking the resistance level of 1.1650.<\/p>\n

 <\/p>\n

Resistance level: 1.1650, 1.1735<\/p>\n

Support level: 1.1570, 1.1480<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher following prior rebound from the strong support level of 111.65. Such price movement suggests USDJPY to be traded higher in short-term as technical correction, towards the target of resistance level at 112.30.<\/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 upward channel while recently closed below the 60-MA line (green). Stochastic Oscillator which begin to show retracement signal suggests crude oil price to be traded lower towards the support level of 46.80. A breakout from the bottom level of the channel will signal a change in trend direction to move further downwards.<\/p>\n

 <\/p>\n

Resistance level: 47.15, 47.65<\/p>\n

Support level: 46.80, 46.35<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price has extended its gains following prior rebound near the support level of 1238.05. Both MA lines which continues to expand upwards after the formation of golden cross suggests gold price to extend its uptrend after closing above the strong resistance level of 1247.15.<\/p>\n

 <\/p>\n

Resistance level: 1247.15, 1253.00<\/p>\n

Support level: 1238.05, 1231.70<\/p>\n","protected":false},"excerpt":{"rendered":"

21 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   Draghi came to justify, Euro creeps to two-years high. Euro stood tall at 22-months high against the greenback on Friday after European Central Bank (ECB) President Mario Draghi commented that the bank would discuss the next step for its monetary stimulus program in fall. Pair of EUR\/USD eased 0.09% […]<\/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\/18926"}],"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=18926"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/18926\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=18926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=18926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=18926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}