{"id":21163,"date":"2017-09-05T03:07:09","date_gmt":"2017-09-05T03:07:09","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=21163"},"modified":"2017-09-05T03:07:09","modified_gmt":"2017-09-05T03:07:09","slug":"050917-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/050917-daily-analysis\/","title":{"rendered":"050917 Daily Analysis"},"content":{"rendered":"

5 September 2017\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 Daily Analysis<\/strong><\/p>\n

 <\/p>\n

Market uneased as North Korea on the edge.<\/strong><\/span><\/p>\n

US dollar remained subdued against other major peers on Tuesday with investors keeping an eye out on further political risk escalation between the United States and North Korea. The dollar index eased 0.01% and last seen around 92.63. Last Friday, greenback received broad selling pressure due to a disappointing US employment report which continued to weigh on the prospect for a third interest rate hike by year end. Likewise, overall market sentiment towards the currency were further dampened after North Korea announced on Sunday that they had conducted a hydrogen bomb test which is intended to be mounted on an intercontinental ballistic missile (ICBM). Such provocation has led to higher risk aversion among investors while increasing the demand for safe haven currencies such as Japanese Yen and Swiss Franc. For the week, market participants will be focusing on Thursday\u2019s European Central Bank meeting for new clues with regards to ultra-loose policy tapering and US report on service sector growth.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price rose 0.21% to $47.39 as refinery activity along the US Gulf Coast slowly resumed its operation after being hit by tropical storm Harvey. Similarly, gold price appreciates by 0.64% to $1,333.03 following heightened risk at the Korean Peninsula.<\/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 \u00a0Event<\/strong><\/p>\n

12:30\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 Rate Statement<\/p>\n

20:00\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 FOMC Member Brainard Speaks<\/p>\n

01:10\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 FOMC Member Kashkari 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\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
09:45<\/td>\nCNY \u2013 Caixin Services PMI (Aug)<\/td>\n51.5<\/td>\n51.8<\/td>\n52.7<\/td>\n<\/tr>\n
12:30<\/td>\nAUD \u2013 RBA Interest Rate Decision (Sep)<\/td>\n1.50%<\/td>\n1.50%<\/td>\n–<\/td>\n<\/tr>\n
13:45<\/td>\nCHF \u2013 GDP (QoQ) (Q2)<\/td>\n0.3%<\/td>\n0.5%<\/td>\n–<\/td>\n<\/tr>\n
15:15<\/td>\nCHF \u2013 CPI (MoM) (Aug)<\/td>\n-0.3%<\/td>\n0.0%<\/td>\n–<\/td>\n<\/tr>\n
15:55<\/td>\nEUR \u2013 German Services PMI (Aug)<\/td>\n53.4<\/td>\n53.4<\/td>\n–<\/td>\n<\/tr>\n
16:00<\/td>\nEUR \u2013 Services PMI (Aug)<\/td>\n54.9<\/td>\n54.9<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Services PMI (Aug)<\/td>\n53.8<\/td>\n53.5<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 Retail Sales (MoM) (Jul)<\/td>\n0.5%<\/td>\n-0.2%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Factory Orders (MoM) (Jul)<\/td>\n3.0%<\/td>\n-3.2%<\/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 lower following prior retracement while recently closed below the 20-MA line (red). MACD indicator which illustrate diminishing upward momentum suggests further downside bias towards the next target at 1.2890.<\/p>\n

 <\/p>\n

Resistance level: 1.2960, 1.3020<\/p>\n

Support level: 1.2890, 1.2830<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded in an uptrend while currently testing near the 20-MA line (red). MACD indicator which illustrate diminishing downward momentum suggests EURUSD to be traded higher after successfully closing above the resistance level of 1.1910.<\/p>\n

 <\/p>\n

Resistance level: 1.1910, 1.1970<\/p>\n

Support level: 1.1865, 1.1815<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY remained traded within a downward channel following previous retracement from the upper level. MACD histogram which begins to form a downward signal suggests USDJPY to extend its losses towards the next target at 109.15.<\/p>\n

 <\/p>\n

Resistance level: 109.45, 109.75<\/p>\n

Support level: 109.15, 108.75<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior breakout from the downward trend line. Both MA lines which continues to narrow upward suggests crude oil price to extend its upward momentum after successfully closing above the resistance level of 47.40.<\/p>\n

 <\/p>\n

Resistance level: 47.40, 48.00<\/p>\n

Support level: 46.70, 46.15<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, Daily: <\/strong>Gold price extended its rally following prior closure above the resistance level of 1320.80. Both MA lines which continues to expand upwards suggests further upside bias for gold price to advance towards the target of 1350.00.<\/p>\n

 <\/p>\n

Resistance level: 1350.00, 1374.75<\/p>\n

Support level: 1320.80, 1305.00<\/p>\n","protected":false},"excerpt":{"rendered":"

5 September 2017\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 Daily Analysis   Market uneased as North Korea on the edge. US dollar remained subdued against other major peers on Tuesday with investors keeping an eye out on further political risk escalation between the United States and North Korea. The dollar index eased 0.01% and last seen around 92.63. Last Friday, greenback […]<\/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\/21163"}],"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=21163"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/21163\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=21163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=21163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=21163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}