{"id":22328,"date":"2017-09-26T02:39:47","date_gmt":"2017-09-26T02:39:47","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=22328"},"modified":"2017-09-26T03:07:19","modified_gmt":"2017-09-26T03:07:19","slug":"260917-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/260917-daily-analysis\/","title":{"rendered":"260917 Daily Analysis"},"content":{"rendered":"

26 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

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Greenback and Pound Sterling\u00a0on strong bullish support.<\/strong><\/p>\n

Dollar index was last traded at 92.44 with an increase of 0.53%. The spike increase of Greenback was due to Dudley\u2019s speech by mentioning that the Fed is on track to increasing interest rates gradually following factors suppressing inflation are fading and the fundamentals of U.S. economy are overall positive. In consequence, his speech has sparked fresh hopes within investors to expect a rate hike by the Fed before the end of the year. On the other hand, GBP\/USD held steady around 1.3479 with a slight gains of 0.10%. Pound Sterling\u00a0has recovered from its moderate losses after UK Prime Minister Theresa May\u2019s proposed a transition period of around two years after Brexit, in which access to the single market will continue on current terms. However, rating agency Moody\u2019s downgraded Britain\u2019s credit rating to Aa2 after May made her speech, emphasizing that the government\u2019s debt-reducing plan had been knocked off course and that Brexit would continue to pressure on the economy.<\/p>\n

In the commodity market, crude oil price soared to its highest level in 5-months with an increase of 2.95%, traded at $52.12 per barrel. The boost in the crude oil price was due to positive results from the OPEC and Russia\u2019s intentions to decrease the global supply, as well as a warning from Turkish President Tayyip Erdogan that Turkey could cut off the pipeline that carries oil from northern Iraq to the outside world. Likewise, gold prices increased sharply by 1.08% to $1310.98 a troy ounce, following warning by the North Korean Foreign Minister Ri Yong Ho that Pyongyang has the privilege to \u201cshoot down U.S. bombers\u201d, further escalating geopolitical tensions.<\/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 Event<\/strong><\/p>\n

N\/A<\/p>\n

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Today\u2019s Highlight Events<\/u><\/p>\n

Time \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

06:30\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 \u00a0FOMC Member Kashkari Speaks<\/p>\n

21:30\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 \u00a0FOMC Member Mester Speaks<\/p>\n

22:30\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 \u00a0FOMC Member Brainard Speaks<\/p>\n

00:45\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 \u00a0Fed Chair Yellen Speaks<\/p>\n

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Today\u2019s Highlight Economy Data<\/u><\/p>\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
09:00<\/td>\nNZD \u2013 ANZ Business Confidence (Sep)<\/td>\n18.3<\/td>\n–<\/td>\n0<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 CB Consumer Confidence (Sep)<\/td>\n122.9<\/td>\n120.0<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 New Home Sales (Aug)<\/td>\n571K<\/td>\n585K<\/td>\n–<\/td>\n<\/tr>\n
04:30<\/td>\nCrudeOIL \u2013 API Weekly Crude Oil Stock<\/td>\n1.443M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded higher prior its rebound from support level at 1.3440. Formation of positive divergence as shown by MACD histogram suggests the pair to trade higher, testing resistance by 200-MA line around 1.3485.<\/p>\n

Resistance level: 1.3485, 1.3585<\/p>\n

Support level: 1.3440, 1.3315<\/p>\n


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

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EURUSD, H1: <\/strong>EURUSD was traded lower after breaking below support level at 1.1865. Golden-cross as formed by MACD signal line suggests the pair to undergo short-term technical correction, trading higher toward current resistance level at 1.1865.<\/p>\n

Resistance level: 1.1865, 1.1985<\/p>\n

Support level: 1.1820, 1.1715<\/p>\n

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

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

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USDJPY, H4: <\/strong>USDJPY was traded higher after recent rebound from support level at 111.45. A long bearish engulfing candlestick coupled with downward slope of MACD histogram suggests the pair on bias to further its losses, testing back the said support level.<\/p>\n

Resistance level: 112.70, 114.00<\/p>\n

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

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

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

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Crude OIL, Daily: <\/strong>Crude oil price was traded higher after breaking resistance level at 51.25. Formation of long bullish candlestick and upward slope of MACD signal line suggests crude oil price to extend its gains toward the next resistance level at 53.75.<\/p>\n

Resistance level: 53.75, 54.35<\/p>\n

Support level: 50.00, 49.30<\/p>\n

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

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

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GOLD_, H4: <\/strong>Gold price was traded higher prior breaking above resistance level at 1299.05 and 200-MA line. Upward slope of MACD histogram suggests gold price to continue its momentum to trade higher toward the next resistance level at 1321.35.<\/p>\n

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

Support level: 1299.05, 1289.80<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

26 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 and Pound Sterling\u00a0on strong bullish support. Dollar index was last traded at 92.44 with an increase of 0.53%. The spike increase of Greenback was due to Dudley\u2019s speech by mentioning that the Fed is on track to increasing interest rates gradually following factors suppressing inflation are fading and […]<\/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\/22328"}],"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=22328"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/22328\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=22328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=22328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=22328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}