{"id":22176,"date":"2017-09-22T03:08:00","date_gmt":"2017-09-22T03:08:00","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=22176"},"modified":"2017-09-22T03:08:00","modified_gmt":"2017-09-22T03:08:00","slug":"220917-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/220917-daily-analysis\/","title":{"rendered":"220917 Daily Analysis"},"content":{"rendered":"

22 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

Greenback\u2019s bull momentum faded despite positive data.<\/strong><\/p>\n

Dollar index was traded lower against a basket of major currencies after depreciating by 0.27% to 91.80 as of writing. Dollar bulls has seemingly gave up some of the post-Fed rally despite a better-than-expectation manufacturing and labor market activity reports. Manufacturing index in August shown an increase to its three-month high from 18.9 to 23.8. In addition, initial jobless claims decreased by 23,000 to 259,000, better than forecasts of 18,000 decline. According to Fed rate monitor tool, more than 70% traders shown positive outlook toward rate hiking by Fed in December. Furthermore, the \u201cdot-plot\u201d signaled that the central bank to see rates increasing to between 1.25% and 1.5% by the end of year 2017. On the other hand, USD\/JPY traded at 112.13, down 0.31%; GBPUSD last quoted at 1.3586, up 0.03%; AUD\/USD changed hands at 0.7918, down 0.16%; NZDUSD traded at 0.7291, down 0.22%.<\/p>\n

\n

In the commodity market, crude oil price increased by 0.12% to 50.57 as investors awaiting signals from OPEC meeting on supply cut extension due later today. Otherwise, gold price appreciates by 0.39% to 1295.65 following a dip of the Greenback.<\/p>\n

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 <\/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

17:30 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EUR \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 ECB President Draghi Speaks<\/p>\n

18:00 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0USD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 FOMC Member Williams Speak<\/p>\n

21:30 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0USD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 FOMC Member George Speaks<\/p>\n

01:30 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0USD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 FOMC Member Kaplan Speaks<\/p>\n

Tentative \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 GBP \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 UK Prime Minister May Speaks<\/p>\n

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 <\/p>\n

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
15:30<\/td>\nEUR \u2013 German Manufacturing PMI (Sep)<\/td>\n59.3<\/td>\n59.0<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Core CPI (MoM) (Aug)<\/td>\n-0.1%<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Core Retail Sales (MoM)(Jul)<\/td>\n0.7%<\/td>\n0.4%<\/td>\n–<\/td>\n<\/tr>\n
21:45<\/td>\nUSD \u2013 Manufacturing PMI (Sep)<\/td>\n52.8<\/td>\n53.0<\/td>\n–<\/td>\n<\/tr>\n
21:45<\/td>\nUSD \u2013 Markit Composite PMI<\/td>\n55.3<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
21:45<\/td>\nUSD \u2013 Services PMI (Sep)<\/td>\n56.0<\/td>\n56.0<\/td>\n–<\/td>\n<\/tr>\n
01:00<\/td>\nCrudeOIL \u2013 US Baker Hughes Oil Rig Count<\/td>\n749<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4:<\/strong> GBPUSD was consolidating within the box with resistance level 1.3618 and support level 1.3450. Upward slope of MACD histogram suggests the pair to gain further bull momentum to trade upward if breakout of the said resistance level is successful.<\/p>\n

 <\/p>\n

Resistance level: 1.3615, 1.3810<\/p>\n

Support level: 1.3450, 1.3250<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher prior its rebound from support level at 1.1870. Positive divergence as shown by MACD histogram suggests EURUSD to continue its momentum to trade higher toward the resistance level at 1.1985.<\/p>\n

 <\/p>\n

Resistance level: 1.1985, 1.2070<\/p>\n

Support level: 1.1870, 1.1820<\/p>\n

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


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

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

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded lower prior its retracement from resistance level at 112.70. Formation of negative divergence as shown by MACD histogram suggests the pair to further its losses toward the support level at 111.45.<\/p>\n

 <\/p>\n

Resistance level: 112.70, 112.90<\/p>\n

Support level: 111.45, 110.70<\/p>\n

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


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

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

\"\"<\/p>\n

Crude OIL, H4: <\/strong>Crude oil price is consolidating in between resistance level at 51.10 and support level at 50.00 with no obvious momentum shown by MACD histogram. Crude oil price is to break either the said resistance level or support level for further clarification of the price movement.<\/p>\n

 <\/p>\n

Resistance level: 51.10, 51.90<\/p>\n

Support level: 50.00, 49.15<\/p>\n

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


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

\u00a0<\/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 1289.80. Formation of positive divergence as shown by MACD histogram suggests gold price to further its gains toward resistance level at 1299.05.<\/p>\n

 <\/p>\n

Resistance level: 1299.05, 1321.35<\/p>\n

Support level: 1289.80, 1281.05<\/p>\n","protected":false},"excerpt":{"rendered":"

22 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 Greenback\u2019s bull momentum faded despite positive data. Dollar index was traded lower against a basket of major currencies after depreciating by 0.27% to 91.80 as of writing. Dollar bulls has seemingly gave up some of the post-Fed rally despite a better-than-expectation manufacturing and labor market activity reports. Manufacturing index in […]<\/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\/22176"}],"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=22176"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/22176\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=22176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=22176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=22176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}