{"id":22031,"date":"2017-09-20T02:38:36","date_gmt":"2017-09-20T02:38:36","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=22031"},"modified":"2017-09-20T02:41:52","modified_gmt":"2017-09-20T02:41:52","slug":"200917-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/200917-daily-analysis\/","title":{"rendered":"200917 Daily Analysis"},"content":{"rendered":"

20 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 Daily Analysis<\/strong><\/p>\n

Dollar index remained flat, FOMC meeting on-eyed.<\/strong><\/p>\n

Dollar index was last traded at 91.62 following a loss of 0.21%. The slowing pace of inflation in United States has garnered investors\u2019 attention toward the Fed\u2019s Summary of Economic Projections and dot-plot, as a measure tool to assess if the sluggish inflation rate has influenced the central bank\u2019s longer-term prospect on its interest rates. Overnight, the Greenback remained unchanged against the other major currencies, factored by dissatisfying U.S. housing sector data with homebuilding reduced 0.8% to a seasonally adjusted annual rate of 1.18 million units in August, much against economists\u2019 estimates of an increase of 1.7%. Meanwhile, losses of the Greenback was limited by an ease of geopolitical uncertainty. On the other hand, the other major currency pairs suffered minor losses as well, with USD\/JPY traded at 111.57, down 0.02%; AUD\/USD traded at 0.8007, down 0.01% ; NZD\/USD traded at 0.7315 after a loss of 0.03%.<\/p>\n

In the commodity market, crude oil prices settled lower at $49.48 a barrel, decreasing by 43 cents as data expected to portray an increase in U.S. crude stockpiles consecutively for the third week. Otherwise, gold prices was quoted around $1312.73 per troy ounce after adding up 0.5% despite Trump\u2019s threat to \u201ctotally destroy\u201d North Korea while investors placed their focus on the two-day Federal Open Market Committee meeting.<\/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

2:00 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 USD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0FOMC Economic Projections<\/p>\n

2:00 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 USD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0FOMC Statement<\/p>\n

2:30 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 USD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0FOMC Press Conference<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/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
07:50<\/td>\nJPY \u2013 Trade Balance<\/td>\n419B<\/td>\n94B<\/td>\n114B<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Retail Sales (MoM) (Aug)<\/td>\n0.3%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Existing Home Sales (Aug)<\/td>\n-1.3%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n5.888M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
02:00<\/td>\nUSD \u2013 FOMC Interest Rate Decision<\/td>\n1.25%<\/td>\n1.25%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded within descending triangle. The pair is currently on consolidation with no obvious momentum as shown by MACD histogram. A breakout on either the top of the descending triangle or support level at 1.3405 is required for a clearer direction of the pair.<\/p>\n

Resistance level: 1.3595, 1.3825<\/p>\n

Support level: 1.3465, 1.3405<\/p>\n


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

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

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher prior its breakout above resistance level at 1.1985. Upward slope of MACD signal line suggests the pair to continue its momentum to trade higher toward the resistance level at 1.2070.<\/p>\n

Resistance level: 1.2070, 1.2265<\/p>\n

Support level: 1.1985, 1.1820<\/p>\n

 <\/p>\n


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

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

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

\"\"<\/p>\n

USDJPY, Daily: <\/strong>USDJPY was traded higher prior breaking above resistance by 200-MA line. The pair is currently testing resistance level at 111.65. Successful breakout of the resistance level would indicate the pair to further its upward momentum toward the next resistance level at 112.95.<\/p>\n

Resistance level: 111.65, 112.95<\/p>\n

Support level: 110.00, 107.30<\/p>\n


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

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

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Price of crude oil was traded lower prior its retracement from resistance level at 50.80. Downward slope of MACD histogram indicates the price of crude oil to decrease, testing the support level at 50.15.<\/p>\n

Resistance level: 50.80, 52.00<\/p>\n

Support level: 50.15, 48.70
\n<\/u><\/strong><\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher prior its rebound from support level at 1304.50. Cross-over of MACD signal line suggests gold price to trade higher toward the resistance level at 1321.35.<\/p>\n

Resistance level: 1321.35, 1334.85<\/p>\n

Support level: 1304.50, 1299.05<\/p>\n","protected":false},"excerpt":{"rendered":"

20 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 Daily Analysis Dollar index remained flat, FOMC meeting on-eyed. Dollar index was last traded at 91.62 following a loss of 0.21%. The slowing pace of inflation in United States has garnered investors\u2019 attention toward the Fed\u2019s Summary of Economic Projections and dot-plot, as a measure tool to assess if the sluggish inflation […]<\/p>\n","protected":false},"author":1,"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\/22031"}],"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=22031"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/22031\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=22031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=22031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=22031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}