{"id":20211,"date":"2017-08-15T03:16:24","date_gmt":"2017-08-15T03:16:24","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=20211"},"modified":"2017-08-15T03:16:25","modified_gmt":"2017-08-15T03:16:25","slug":"150817-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/150817-daily-analysis\/","title":{"rendered":"150817 Daily Analysis"},"content":{"rendered":"

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

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Financial market gasp for air as North Korea backtracks.<\/strong><\/span><\/p>\n

Safe haven Japanese yen sheds its gains further on Tuesday, pulling away from prior four-months high against the greenback as tension between United States and North Korea eases. Pair of USD\/JPY rebounds by 0.47% to 110.18. According to Wall Street Journal, North Korean leader Kim Jong Un has decided not to launch missile attack on Guam and warned that he may change his mind if United States \u201cpersist their extremely dangerous and reckless actions\u201d. In the other region, the dollar index appreciates by 0.10% to 93.31 against a basket of six major peers. Overnight, greenback remained broadly higher in a subdued Monday trade as market participants continues to digest Friday\u2019s sluggish inflation data which may hinder the Federal Reserve from raising interest rates this year. In addition, greenback remained well supported after Reuters reported that President Donald Trump is expected to sign an executive order on infrastructure projects which has raised investor\u2019s risk-taking in the market.<\/p>\n

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As for commodities, crude oil price pared its losses by 0.15% to $47.66 following prior slump due to lower crude oil demand from China. Otherwise, gold price depreciates further by $8.96 or 0.70% due to diminishing geopolitical risk in the market.<\/p>\n

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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 Event<\/strong><\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Italy \u2013 Assumption Day<\/p>\n

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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 \u00a0Event<\/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\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 RBA Meeting Minutes<\/p>\n

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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
14:00<\/td>\nEUR \u2013 German GDP (QoQ) (Q2)<\/td>\n0.6%<\/td>\n0.7%<\/td>\n–<\/td>\n<\/tr>\n
15:15<\/td>\nCHF \u2013 PPI (MoM) (Jul)<\/td>\n-0.1%<\/td>\n0.0%<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 CPI (YoY) (Jul)<\/td>\n2.6%<\/td>\n2.7%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Retail Sales (MoM) (Jul)<\/td>\n-0.2%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Retail Sales (MoM) (Jul)<\/td>\n-0.2%<\/td>\n0.4%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 NY Empire State Manufacturing Index (Aug)<\/td>\n9.80<\/td>\n10.00<\/td>\n–<\/td>\n<\/tr>\n
04:30<\/td>\nCrudeOIL \u2013 API Weekly Crude Oil Stock<\/td>\n-7.839M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD remained traded within a tight range while currently testing at the bottom level near 1.2950. Both MA lines which begins to expand downward suggests possibility for a breakout at the bottom level to occur and signal a change in trend direction to extend its losses thereafter.<\/p>\n

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Resistance level: 1.3015, 1.3060<\/p>\n

Support level: 1.2950, 1.2900<\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD remains traded within a narrowing triangle following prior retracement from the top level. MACD indicator which shows diminishing upward momentum suggests EURUSD to advance further down, towards the bottom level of the triangle in short-term.<\/p>\n

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

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

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY retraces sharply following previous rebound from the support level of 108.70. As the MACD histogram continues to illustrate positive divergence, a successful breakthrough from the downward trendline would signal a change in trend direction to move further upwards thereafter.<\/p>\n

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Resistance level: 110.10, 110.90<\/p>\n

Support level: 109.40, 108.70<\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price pared some losses following a rebound from the support level of 47.40. Such price movement suggests its price to be traded higher in short-term as technical correction. Likewise, long-term trend direction still suggests downward bias as both MA lines continues to expand downwards.<\/p>\n

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Resistance level: 48.00, 48.55<\/p>\n

Support level: 47.40, 46.55<\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price extended its losses following prior retracement from the resistance level of 1292.05. MACD histogram continues to illustrate negative divergence signal suggests gold price to continue its downward momentum after closing below the support level of 1272.05.<\/p>\n

 <\/p>\n

Resistance level: 1282.00, 1292.05<\/p>\n

Support level: 1272.05, 1259.65<\/p>\n","protected":false},"excerpt":{"rendered":"

15 August 2017\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Financial market gasp for air as North Korea backtracks. Safe haven Japanese yen sheds its gains further on Tuesday, pulling away from prior four-months high against the greenback as tension between United States and North Korea eases. Pair of USD\/JPY rebounds by 0.47% to 110.18. According to Wall Street […]<\/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\/20211"}],"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=20211"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/20211\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=20211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=20211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=20211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}