{"id":19448,"date":"2017-08-01T02:59:51","date_gmt":"2017-08-01T02:59:51","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=19448"},"modified":"2017-08-01T02:59:51","modified_gmt":"2017-08-01T02:59:51","slug":"010817-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/010817-daily-analysis\/","title":{"rendered":"010817 Daily Analysis"},"content":{"rendered":"

1 August 2017\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

Dollar withers as short bet intensifies.<\/strong><\/span><\/p>\n

US dollar extended its losses while embracing fresh 14-months low as higher pessimism were spurred among market participants following a mixed pair of economic reports. The dollar index ticked up 0.04% to 92.72, not far from 14-months low of 92.55. The Chicago Purchasing Manager\u2019s Index, a closely-monitored indicator by Institute for Supply Management (ISM) slipped to 58.9 in July, substantially lower than previous three-year\u2019s high of 65.7 in June. In a separate report, National Associations of Realtors shown that pending home sales rose 1.5% in June, well above economist expectation of only 0.7%. However, the greenback received higher short bets amid a series of sluggish economic data which has curtail investor\u2019s prospects for another rate hike this year. Against other major peers, EUR\/USD eases from 30-months high by 0.13% to $1.1826 while GBP\/USD hovers near 10-months high of $1.3205.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price ticked up 0.06% to $50.20 following the potential tightening of supply in the market. Similarly, gold price appreciates by 0.13% to $1,268.20 due to a weaker dollar which has boosted the precious metal appeal as an alternative asset.<\/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

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CHF \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Switzerland \u2013 National Holiday<\/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

12:30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 AUD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 RBA Rate Statement<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economy 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
09:45<\/td>\nCNY \u2013 Caixin Manufacturing PMI (Jul)<\/td>\n50.4<\/td>\n50.4<\/td>\n51.1<\/td>\n<\/tr>\n
12:30<\/td>\nAUD \u2013 RBA Interest Rate Decision (Aug)<\/td>\n1.50%<\/td>\n1.50%<\/td>\n–<\/td>\n<\/tr>\n
15:55<\/td>\nEUR \u2013 German Manufacturing PMI (Jul)<\/td>\n58.3<\/td>\n58.3<\/td>\n–<\/td>\n<\/tr>\n
15:55<\/td>\nEUR \u2013 German Unemployment Change (Jul)<\/td>\n7K<\/td>\n-5K<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Manufacturing PMI (Jul)<\/td>\n54.3<\/td>\n54.4<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 ISM Manufacturing PMI (Jul)<\/td>\n57.8<\/td>\n56.5<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD rebounded sharply from the bottom level of rising wedge while currently testing at the top level. A successful closure outside of the top level would signal a change in trend direction to extend its gains towards the next target at 1.3250.<\/p>\n

 <\/p>\n

Resistance level: 1.3200, 1.3250, 1.3300<\/p>\n

Support level: 1.3150, 1.3100<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD advances further upwards following prior rebound from the 20-MA line (red). MACD which continues to illustrate increasing upward momentum suggests EURUSD to extend its uptrend after breaking the resistance level at 1.1850.<\/p>\n

 <\/p>\n

Resistance level: 1.1850, 1.1900<\/p>\n

Support level: 1.1775, 1.1700<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, Daily: <\/strong>USDJPY has recently broke out from the bottom level of ascending triangle, signaling a change in trend direction to advance further downwards. A successful closure below the support level of 110.10 would suggest USDJPY to advance towards the next target at 109.40.<\/p>\n

 <\/p>\n

Resistance level: 110.85, 111.85, 114.30<\/p>\n

Support level: 110.10, 109.40, 108.55<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price were traded higher following a rebound from the 20-MA line (red). Both MA lines which continues to expand upwards suggests crude oil price to extend its upward momentum towards the next target at 50.85.<\/p>\n

 <\/p>\n

Resistance level: 50.85, 51.70<\/p>\n

Support level: 50.00, 49.00<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price were traded in an uptrend while currently testing near the strong resistance level of 1270.00. A breakout from this level would indicate further upside bias for gold price to extend its gains towards 1276.40 thereafter.<\/p>\n

 <\/p>\n

Resistance level: 1270.00, 1276.40<\/p>\n

Support level: 1261.10, 1250.30<\/p>\n","protected":false},"excerpt":{"rendered":"

1 August 2017\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Dollar withers as short bet intensifies. US dollar extended its losses while embracing fresh 14-months low as higher pessimism were spurred among market participants following a mixed pair of economic reports. The dollar index ticked up 0.04% to 92.72, not far from 14-months low of 92.55. The Chicago Purchasing […]<\/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\/19448"}],"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=19448"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/19448\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=19448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=19448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=19448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}