{"id":197967,"date":"2021-09-15T05:51:09","date_gmt":"2021-09-15T05:51:09","guid":{"rendered":"https:\/\/www.gcmasia.co\/analysis\/en\/?p=197967"},"modified":"2021-09-15T05:51:09","modified_gmt":"2021-09-15T05:51:09","slug":"150921-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/150921-afternoon-session-analysis\/","title":{"rendered":"150921 Afternoon Session Analysis"},"content":{"rendered":"

15 September 2021\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 Afternoon Session Analysis<\/strong><\/p>\n

 <\/p>\n

Pound Sterling fell despite bullish employment data.<\/strong><\/span><\/p>\n

The Pound Sterling was traded lower against US dollar and other currency pairs despite with bullish U.K employment data. According to the Office for National Statistics, the Claimant Count Change for August came in with the reading of -58.6K, lower than the previous reading of -48.9K. Meanwhile, the Average Earnings Index for July came in at 8.3%, higher than the market expectation of 8.2%. Both employment data suggested that a growing labor market in UK with lesser unemployed worker and higher payroll which may result in higher consumer spending in the nation. Nevertheless, the bullish momentum of the Pound Sterling was pressured by the Brexit woes. Following latest development of Brexit woes, majority of the UK exporters encountered strict custom checks on their goods before entering EU. Meanwhile, both UK and Europe impasse continues over the Northern Ireland Protocol as the EU rejected the requests from UK to renegotiate on the terms of the protocol. As of writing, the pair of GBP\/USD slumped 0.08% to 1.3793.<\/p>\n

 <\/p>\n

In the commodities market, the crude oil price surged 0.25% to $70.69 amid improving demand outlook. According to statement from EIA, Covid-19 vaccine rollouts could drive an economic rebound. On the other hand, production in the Gulf of Mexico remain struggling to return which could continue to tighten supply and help lifting the price. On the other hand, the gold price rose 0.1% to $1802.59 per troy ounces as of writing amid softer US dollar.<\/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 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 Event<\/strong><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\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
14:00<\/td>\nGBP – CPI (YoY) (Aug)<\/td>\n2.00%<\/td>\n2.90%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD – Core CPI (MoM) (Aug)<\/td>\n0.60%<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL – Crude Oil Inventories<\/td>\n-1.529M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Technical Analysis<\/u><\/strong><\/p>\n

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded higher while currently testing near the resistance level 92.70. MACD which illustrate diminishing bearish momentum signal suggest the dollar to extend its gains after it breaks above the resistance level 92.70.<\/p>\n

 <\/p>\n

Resistance level: 92.70, 93.10<\/p>\n

Support level: 92.05, 91.60<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower while currently testing near the support level 1.3765. MACD which illustrate ongoing bearish momentum signal suggest the pair to extend its losses after it breaks below the support level 1.3765.<\/p>\n

 <\/p>\n

Resistance level: 1.3875, 1.3990<\/p>\n

Support level: 1.3765, 1.3600<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower while currently testing the support level 1.1800. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its losses after it breaks below the support level 1.1800.<\/p>\n

 <\/p>\n

Resistance level: 1.1885, 1.1950<\/p>\n

Support level: 1.1800, 1.1705<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY remain traded in a sideway channel while currently testing the support level 109.60. However, MACD which illustrate bearish momentum signal suggest the pair to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 110.20, 110.75<\/p>\n

Support level: 109.60, 109.15<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower following prior breakout below the previous support level 0.7330. MACD which illustrate bearish momentum signal suggest the pair to extend its losses towards the support level 0.7250.<\/p>\n

 <\/p>\n

Resistance level: 0.7330, 0.7415<\/p>\n

Support level: 0.7250, 0.7150<\/p>\n

\u00a0<\/strong><\/p>\n

\"\"<\/strong><\/p>\n

NZDUSD, H4: <\/strong>NZDUSD remain traded flat in a sideway channel while currently testing near the support level 0.7075. MACD which illustrate bearish bias signal suggest the pair to be traded lower after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 0.7145, 0.7225<\/p>\n

Support level: 0.7075, 0.6990<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD remain traded in a sideway channel while currently testing the resistance level 1.2685. However, MACD which illustrate diminishing bearish momentum signal with the formation of golden cross suggest the pair to be traded higher after it breaks above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.2685, 1.2770<\/p>\n

Support level: 1.2585, 1.2510<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded flat while currently testing the resistance level 0.9200. MACD which illustrate bearish momentum signal with the formation of death cross suggest the pair to be traded lower towards the support level 0.9100.<\/p>\n

 <\/p>\n

Resistance level: 0.9200, 0.9245<\/p>\n

Support level: 0.9100, 0.9025<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher while currently testing the resistance level 70.55. However, MACD which illustrate diminishing bullish momentum signal suggest the commodity to experience a technical correction towards the support level 68.05.<\/p>\n

 <\/p>\n

Resistance level: 70.55, 74.30<\/p>\n

Support level: 68.05, 65.35<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD, H4: <\/strong>Gold price was traded higher following prior breakout above the previous resistance level 1795.45. MACD which illustrate bullish momentum signal suggest the commodity to extend its gains towards the resistance level 1831.20.<\/p>\n

 <\/p>\n

Resistance level: 1831.20, 1866.85<\/p>\n

Support level: 1795.45, 1760.35<\/p>\n","protected":false},"excerpt":{"rendered":"

15 September 2021\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 Afternoon Session Analysis   Pound Sterling fell despite bullish employment data. The Pound Sterling was traded lower against US dollar and other currency pairs despite with bullish U.K employment data. According to the Office for National Statistics, the Claimant Count Change for August came in with the reading of -58.6K, lower than […]<\/p>\n","protected":false},"author":54,"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\/197967"}],"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\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=197967"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/197967\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=197967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=197967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=197967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}