{"id":20000,"date":"2017-08-10T03:06:36","date_gmt":"2017-08-10T03:06:36","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=20000"},"modified":"2017-08-10T03:06:36","modified_gmt":"2017-08-10T03:06:36","slug":"100817-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/100817-daily-analysis\/","title":{"rendered":"100817 Daily Analysis"},"content":{"rendered":"

10 August 2017\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis<\/strong><\/p>\n

 <\/p>\n

Soured kiwi as doves visit RBNZ.<\/strong><\/span><\/p>\n

Kiwi hunched lower during Asian trading hours on Thursday amid seemingly dovish sentiment portrayed by the central bank on future policy outlook. Pair of NZD\/USD sheds 0.24% while hovering near $0.7348. Reserve Bank of New Zealand (RBNZ) held its interest rate unchanged at 1.75% while commenting that the current neutral stance on monetary policy may persist while inflation projection well anchored at around 2%. Governor Graeme Wheeler stated that there are numerous uncertainty in the market and the policy may need to accommodate current conditions. In the other region, greenback was held unchanged at 93.40 while investors await major economic docket for further prospects. Both producer and consumer price index is expected to provide further market direction as previous softer-than-expected inflationary pressure has been the main concern for the Federal Reserve.<\/p>\n

 <\/p>\n

Otherwise, crude oil price extended gains by 0.12% to $49.62 after investors cheered industry data which shows a sharp drop in US crude supplies. According to Energy Information Administration, crude stockpiles fell by 6.5 million barrels last week, confounding forecast for a draw of only 2.7 million barrels. Likewise, gold price stacked up 0.22% to $1,275.86 as North Korean tension continues to stoke higher risk in the market.<\/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 Economy Data<\/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 \u00a0Event<\/strong><\/p>\n

05:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 NZD\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\u00a0\u00a0\u00a0\u00a0\u00a0 RBNZ Monetary Policy Statement<\/p>\n

05:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 NZD\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\u00a0\u00a0\u00a0\u00a0\u00a0 RBNZ Rate Statement<\/p>\n

05:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 NZD\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\u00a0\u00a0\u00a0\u00a0\u00a0 RBNZ Gov Wheeler Speaks<\/p>\n

09:10\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 NZD\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\u00a0\u00a0\u00a0\u00a0\u00a0 RBNZ Gov Wheeler Speaks<\/p>\n

Tentative \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 CrudeOIL \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0OPEC Monthly Report<\/p>\n

22:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 USD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0FOMC Member Dudley Speaks<\/p>\n

 <\/p>\n

\u00a0<\/u><\/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
05:00<\/td>\nNZD \u2013 RBNZ Interest Rate Decision<\/td>\n1.75%<\/td>\n1.75%<\/td>\n1.75%<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Manufacturing Production (MoM) (Jun)<\/td>\n-0.2%<\/td>\n0.0%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n240K<\/td>\n240K<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 PPI (MoM) (Jul)<\/td>\n0.1%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 New Housing Price Index (MoM) (Jun)<\/td>\n0.7%<\/td>\n0.4%<\/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 was traded higher following prior rebound from the support level of 1.2980. However, as both MA lines continue to expand downwards after the formation of death cross, GBPUSD is expected to extend its losses and retest at the support level of 1.2980.<\/p>\n

 <\/p>\n

Resistance level: 1.3030, 1.3080<\/p>\n

Support level: 1.2980, 1.2905<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower following prior retrace near the 20-MA line (red). Both MA lines which continues to expand downwards suggests further downside bias for EURUSD to advance further down and retest near the strong support level of 1.1720.<\/p>\n

 <\/p>\n

Resistance level: 1.1780, 1.1840, 1.1900<\/p>\n

Support level: 1.1720, 1.1650<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded in a downtrend following previous formation of death cross by both moving average line. Recent breakout from the support level of 0.7330 suggest further downside bias towards the target of support level at 0.7300.<\/p>\n

 <\/p>\n

Resistance level: 0.7330, 0.7375<\/p>\n

Support level: 0.7300, 0.7275<\/p>\n


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

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY threaded water near the support level of 110.00 following prior rebound from the lower levels. As both moving average line continues to expand downwards, in tandem with the current downtrend suggests USDJPY to extend its losses after closing below the level of 110.00.<\/p>\n

 <\/p>\n

Resistance level: 110.35, 111.00<\/p>\n

Support level: 109.90, 109.45<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price remained traded within a narrowing triangle following prior retracement from the top level. Stochastic Oscillator which illustrate retracement signal from overbought level suggests short-term downside bias to advance lower towards the target of 49.40.<\/p>\n

 <\/p>\n

Resistance level: 49.60, 49.80<\/p>\n

Support level: 49.40, 49.15<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price extended gains following prior closure above the strong resistance level at 1270.00. Both MA lines which continues to narrow upwards suggest gold price to extend its upward momentum after closing above the resistance level of 1276.40.<\/p>\n

 <\/p>\n

Resistance level: 1276.40, 1286.00<\/p>\n

Support level: 1270.00, 1261.10<\/p>\n","protected":false},"excerpt":{"rendered":"

10 August 2017\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Soured kiwi as doves visit RBNZ. Kiwi hunched lower during Asian trading hours on Thursday amid seemingly dovish sentiment portrayed by the central bank on future policy outlook. Pair of NZD\/USD sheds 0.24% while hovering near $0.7348. Reserve Bank of New Zealand (RBNZ) held its interest rate unchanged at […]<\/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\/20000"}],"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=20000"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/20000\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=20000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=20000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=20000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}