{"id":20267,"date":"2017-08-16T03:07:18","date_gmt":"2017-08-16T03:07:18","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=20267"},"modified":"2017-08-16T03:07:18","modified_gmt":"2017-08-16T03:07:18","slug":"160817-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/160817-daily-analysis\/","title":{"rendered":"160817 Daily Analysis"},"content":{"rendered":"

16 August 2016\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis<\/strong><\/p>\n

 <\/p>\n

Hawks and doves espy, FOMC minutes in sight.<\/strong><\/span><\/p>\n

Greenback eases slightly during Asian trading hours on Wednesday while investors ponder the release of FOMC meeting minutes for further indication on rate hike timing. Overnight, US dollar was offered higher against other major peers, buoyed by exceedingly optimistic retail sales data which signals for a rebound in consumer spending while lifting expectation for a solid economic growth in the second half of the year. US Commerce Department reported that the retail sales for July rose 0.6%, its largest gain in seven months while topping out economists\u2019 forecast of only 0.4%. In the other region, pound sterling relinquished near five-weeks low of $1.2866 as soft inflation reading eases market expectation for a rate hike anytime soon. According to the Office of National Statistics, consumer prices rose 2.6% for the month of July, a tick below forecast for 2.7% as falling fuel price were offset by higher prices clothes, utilities and food.<\/p>\n

 <\/p>\n

Otherwise, crude oil price pared initial losses by 0.32% to $47.70 after American Petroleum Institute showed a major draw in crude stocks albeit slight build in gasoline. On the other hand, gold price extended losses by 0.12% to $1,272.14 as North Korea delayed a decision to fire missiles towards US territory of Guam.<\/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

02:00\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 FOMC Meeting Minutes<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economy Date<\/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
16:30<\/td>\nGBP \u2013 Average Earnings Index +Bonus (Jun)<\/td>\n1.8%<\/td>\n1.8%<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Claimant Count Change (Jul)<\/td>\n5.9K<\/td>\n3.7K<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 GDP (QoQ) (Q2)<\/td>\n0.6%<\/td>\n0.6%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Building Permits (Jul)<\/td>\n1.275M<\/td>\n1.250M<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Housing Starts (Jul)<\/td>\n1.215M<\/td>\n1.220M<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n-6.451M<\/td>\n-3.058M<\/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 pared some losses following a rebound from the support level of 1.2850. Such price movement suggests GBPUSD to be traded higher in short-term as technical correction. Otherwise, long-term trend direction still maintained as downside bias.<\/p>\n

 <\/p>\n

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

Support level: 1.2850, 1.2790<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD remains traded within a descending triangle following prior rebound from the strong support level at 1.1720. Stochastic Oscillator which illustrates a rebound signal from oversold region suggests EURUSD to be traded higher in short-term, towards the target of 1.1780.<\/p>\n

 <\/p>\n

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

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

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY has extended its gains following prior closure above both moving average line. MACD histogram which illustrate positive divergence suggests USDJPY to advance further up towards the resistance level of 110.90.<\/p>\n

 <\/p>\n

Resistance level: 110.90, 111.60<\/p>\n

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

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior rebound from the psychological level of 47.00. Recent price action suggests its prices to be traded higher in short-term, towards the target of resistance level at 48.00.<\/p>\n

 <\/p>\n

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

Support level: 47.45, 47.00<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was held steady following prior rebound from the support level of 1271.90. Such price action suggests its prices to be traded higher in short-term as retracement. Otherwise, a closure below the level of 1271.90 would suggest an extension to its downside bias.<\/p>\n

 <\/p>\n

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

Support level: 1271.90, 1265.50<\/p>\n","protected":false},"excerpt":{"rendered":"

16 August 2016\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Hawks and doves espy, FOMC minutes in sight. Greenback eases slightly during Asian trading hours on Wednesday while investors ponder the release of FOMC meeting minutes for further indication on rate hike timing. Overnight, US dollar was offered higher against other major peers, buoyed by exceedingly optimistic retail sales […]<\/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\/20267"}],"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=20267"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/20267\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=20267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=20267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=20267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}