{"id":19677,"date":"2017-08-04T03:27:19","date_gmt":"2017-08-04T03:27:19","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=19677"},"modified":"2017-08-04T03:27:19","modified_gmt":"2017-08-04T03:27:19","slug":"040817-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/040817-daily-analysis\/","title":{"rendered":"040817 Daily Analysis"},"content":{"rendered":"

4 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

Bears cheer on US-Russia, NFP eyed but could it sustain?<\/strong><\/span><\/p>\n

Great British Pound gains some ground on Friday after Bank of England (BoE) pronounced to leave their benchmark rate unchanged while assigning a rather dovish stance on their economic projection. Pair of GBP\/USD was held flat at $1.3137 during Asian trading hours. Member of the bank voted to keep the interest rate unchanged at 0.25% with 6 versus 2, citing possible signs of economic slowdown. Referring to the MPC meeting minutes, they postulate that GDP growth has been performing sluggishly while business survey expectation was weakened and remained possible for further softening in the future. On the other hand, the dollar index was down 0.12% to 92.58 following heightened political pressure as US special counsel impaneled a grand jury to investigate Russian\u2019s interference in 2016 election. The latest development in Trump-Russia saga will likely catalyze further uncertainty in Washington after The Senate rejected an amendment to replace Obamacare.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price appreciates by 0.06% to $49.06 while investors look forward to latest oil rig reading from US Baker Hughes. Otherwise, gold price was up 0.09% to $1,268.94 following heightened uncertainty in US politics.<\/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

09:30\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 \u00a0RBA Monetary Policy Statement<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economy Data<\/u><\/p>\n\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
09:30<\/td>\nAUD \u2013 Retail Sales (Jun)<\/td>\n0.6%<\/td>\n0.2%<\/td>\n0.3%<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Average Hourly Earnings (MoM) (Jul)<\/td>\n0.2%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Nonfarm Payrolls (Jul)<\/td>\n222K<\/td>\n183K<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Unemployment Rate (Jul)<\/td>\n4.4%<\/td>\n4.3%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Employment Change (Jul)<\/td>\n45.3K<\/td>\n10.0K<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nCAD \u2013 Ivey PMI (Jul)<\/td>\n61.6<\/td>\n59.2<\/td>\n–<\/td>\n<\/tr>\n
01:00<\/td>\nCrude Oil \u2013 U.S. Baker Hughes Oil Rig Count<\/td>\n766<\/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 was traded lower following prior plunge while closing below the 20-MA line (red). MACD histogram which illustrates negative divergence suggests an extension of losses towards the next target at 1.3090.<\/p>\n

 <\/p>\n

Resistance level: 1.3160, 1.3200<\/p>\n

Support level: 1.3090, 1.3040<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD extended gains following prior closure above the resistance level of 1.1850. Both MA lines which continues to expand upwards suggests EURUSD to continue its upward momentum after closing above the psychological level of 1.1900.<\/p>\n

 <\/p>\n

Resistance level: 1.1900, 1.1960<\/p>\n

Support level: 1.1850, 1.1775<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded higher following prior rebound from the support level of 109.85. MACD histogram begins to form a positive divergence signal suggests USDJPY to extend its upward momentum towards the first target at 110.25.<\/p>\n

 <\/p>\n

Resistance level: 110.25, 110.55<\/p>\n

Support level: 110.05, 109.85<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded lower following prior retracement while currently testing at the key 23.6 Fibonacci level of 48.80. A breakthrough from this level would suggest an extension of retracement towards the next target at 47.85.<\/p>\n

 <\/p>\n

Resistance level: 49.65, 50.40<\/p>\n

Support level: 48.80, 47.85<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded flat near recent high of 1273.95 which signals a strong bearish momentum ahead. MACD continues to illustrate diminishing upward momentum suggests gold price to extend its losses after breaking the support level of 1265.50.<\/p>\n

 <\/p>\n

Resistance level: 1273.93, 1281.00<\/p>\n

Support level: 1265.50, 1257.60<\/p>\n","protected":false},"excerpt":{"rendered":"

4 August 2017\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Bears cheer on US-Russia, NFP eyed but could it sustain? Great British Pound gains some ground on Friday after Bank of England (BoE) pronounced to leave their benchmark rate unchanged while assigning a rather dovish stance on their economic projection. Pair of GBP\/USD was held flat at $1.3137 during […]<\/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\/19677"}],"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=19677"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/19677\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=19677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=19677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=19677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}