{"id":19278,"date":"2017-07-28T02:56:54","date_gmt":"2017-07-28T02:56:54","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=19278"},"modified":"2017-07-28T02:56:54","modified_gmt":"2017-07-28T02:56:54","slug":"280717-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/280717-daily-analysis\/","title":{"rendered":"280717 Daily Analysis"},"content":{"rendered":"

28 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

Could GDP fortify the dollar\u2019s comeback?<\/strong><\/span><\/p>\n

Japanese yen held gains on Friday following the release of economic data which covers consumer prices and household demands. Pair of USD\/JPY sheds 0.26% to 110.96. In Japan, household spending shows a pickup of 2.3% in June, exceeding expected rise of only 0.6%. Likewise, higher inflationary pressure was seen with Tokyo Core CPI which scores 0.2% while National CPI remained subdued at only 0.4%. These readings were in line with Bank of Japan\u2019s projection after they announced to push back the timing of achieving 2% inflation target during last meeting. On the other hand, US dollar hovers in a tight range while last quoted around 93.70. Overnight, US dollar pushed higher despite a series of mixed economic data which signals potential slowdown in their economy. A rather optimistic durable goods data has offset the pessimism in jobs market as initial jobless claims undershot its forecast, levitating the dollar away from 14-months low.<\/p>\n

 <\/p>\n

As for commodities, crude oil price eases slightly by 0.08% to $49.00 while further signal on demand is expected to be the main catalyst for its momentum. Concurrently, gold price was last seen around $1,259.32 as the market remains steady prior to the release of US economic growth data later tonight.<\/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
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
20:00<\/td>\nEUR \u2013 German CPI (MoM) (Jul)<\/td>\n0.2%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 GDP (QoQ) (Q2)<\/td>\n1.4%<\/td>\n2.6%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 GDP (MoM) (May)<\/td>\n0.2%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Michigan Consumer Sentiment (Jul)<\/td>\n93.1<\/td>\n93.1<\/td>\n–<\/td>\n<\/tr>\n
01:00<\/td>\nCrude Oil \u2013 Baker Hughes Oil Rig Count<\/td>\n764<\/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 a narrowing upward channel following prior rebound from the bottom level. Stochastic Oscillator which begins to form a rebound signal from oversold region suggests further upside bias for GBPUSD to advance towards 1.3100.<\/p>\n

 <\/p>\n

Resistance level: 1.3100, 1.3160<\/p>\n

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

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD were traded higher following prior rebound while closing above the 20-MA line (red). Such price movement suggests EURUSD to be traded higher and retest at the resistance level of 1.1720.<\/p>\n

 <\/p>\n

Resistance level: 1.1720, 1.1815<\/p>\n

Support level: 1.1620, 1.1540<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, Daily: <\/strong>USDJPY were traded within an ascending triangle while currently testing near the strong support level of 110.85. MACD histogram which illustrates substantial downward signal suggests USDJPY to extend its losses after closing below 110.85.<\/p>\n

 <\/p>\n

Resistance level: 111.85, 112.85, 114.30<\/p>\n

Support level: 110.85, 110.00<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, Daily: <\/strong>Crude oil price has recently broke the top level of downward channel, signaling a change in trend direction to move further upwards. Both MA lines which continues to narrow upwards suggests its prices to advance towards the target of 50.00.<\/p>\n

 <\/p>\n

Resistance level: 50.00, 51.50<\/p>\n

Support level: 48.50, 47.00<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher following prior rebound from the 20-MA line (red). A successful closure above the resistance level of 1261.10 would suggest gold price to extend its uptrend towards the following target at 1270.00 thereafter.<\/p>\n

 <\/p>\n

Resistance level: 1261.10, 1270.00<\/p>\n

Support level: 1250.30, 1239.55<\/p>\n","protected":false},"excerpt":{"rendered":"

28 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   Could GDP fortify the dollar\u2019s comeback? Japanese yen held gains on Friday following the release of economic data which covers consumer prices and household demands. Pair of USD\/JPY sheds 0.26% to 110.96. In Japan, household spending shows a pickup of 2.3% in June, exceeding expected rise of only 0.6%. […]<\/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\/19278"}],"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=19278"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/19278\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=19278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=19278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=19278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}