{"id":22391,"date":"2017-09-27T03:01:01","date_gmt":"2017-09-27T03:01:01","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=22391"},"modified":"2017-09-27T03:01:01","modified_gmt":"2017-09-27T03:01:01","slug":"270917-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/270917-daily-analysis\/","title":{"rendered":"270917 Daily Analysis"},"content":{"rendered":"

27 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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Yellen reaffirms raising rates, greenback remains stronger.<\/strong><\/p>\n

Dollar index grew stronger against a basket of major currencies with an increase of 0.11%, traded around 92.91 as of written. Overnight, Fed Chair Janet Yellen\u2019s reaffirmation regarding central bank\u2019s view to increasing rates gradually is the most suitable policy measure. Her statement has led investors to mull over that the slowing pace of inflation could keep interest rates to remain lower for a longer time, thereby decreasing the central bank\u2019s ability to ease monetary policy during market distress. On the other hand, dollar-bull remains limited as duo economic reports namely consumer confidence and the housing sector did not perform well; with new home sales decreased 3.4% to its lowest level since December 2016 with a seasonally adjusted annual rate of 560,000 units in August, as compared to a forecast of an increase of 3.3% to a pace of 588,000 units last month. Next, a report from the Conference Board stated that index of consumer confidence decreased from a reading of 120.4 in August to 119.8 this month.<\/p>\n

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In the commodity market, crude oil prices settled higher at $52.09 per barrel with an increase of 21 cents following American Petroleum Institute (API) data that shows a surprise draw of U.S. crude oil inventories by 761,000 barrels as compared with a 2.296 million barrels build expected. Otherwise, gold prices decreased by 0.13% to $1295.31 per troy ounce, after market sentiment toward Fed to increase interest rates heightened following Fed Chair Janet Yellen\u2019s speech.<\/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\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

23:45\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CAD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 BoC Gov Poloz Speaks<\/p>\n

00:55\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CAD \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 BoC Gov Poloz Speaks<\/p>\n

01:30\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 \u00a0 FOMC Member Bullard Speaks<\/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 FOMC Member Brainard Speaks<\/p>\n

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

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

Today\u2019s Highlight Economy Data<\/u><\/p>\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
20:30<\/td>\nUSD \u2013 Core Durable Goods Orders (MoM) (Aug)<\/td>\n0.6%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Pending Home Sales (MoM) (Aug)<\/td>\n-0.8%<\/td>\n-0.5%<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n4.591M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher prior its rebound from support level at 1.3400. The pair is currently traded within descending triangle. Upward slope of MACD histogram suggests GBPUSD to be on bias to move higher, testing the top of the descending triangle around level 1.3490.<\/p>\n

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Resistance level: 1.3490, 1.3645<\/p>\n

Support level: 1.3400, 1.3255<\/p>\n


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

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

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

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EURUSD, H4: <\/strong>EURUSD was traded lower prior breaking below support level at 1.1845. Downward slope of MACD signal line suggests the pair to continue its bearish momentum toward the next support level at 1.1710.<\/p>\n

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Resistance level: 1.1845, 1.1990<\/p>\n

Support level: 1.1710, 1.1595<\/p>\n

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


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

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

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

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USDJPY, H4: <\/strong>USDJPY was traded higher after its rebound from support level at 111.65. Golden cross as formed by MACD signal line suggests the pair to continue trading higher toward the next resistance level at 113.00.<\/p>\n

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Resistance level: 113.00, 114.30<\/p>\n

Support level: 111.65, 110.00<\/p>\n

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


\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. Upward slope of MACD signal line suggests crude oil price to extend its gains toward the next resistance level at 53.75.<\/p>\n

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

Support level: 51.25, 50.00<\/p>\n

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


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

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

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

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GOLD_, Daily: <\/strong>Gold price was traded lower prior breaking below support level at 1299.00. Formation of dark cloud cover candlestick pattern and death cross as shown by MACD histogram suggests gold price to extend its losses toward the next support level at 1281.00<\/p>\n

 <\/p>\n

Resistance level: 1299.00, 1321.30<\/p>\n

Support level: 1281.00, 1263.00<\/p>\n

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

27 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   Yellen reaffirms raising rates, greenback remains stronger. Dollar index grew stronger against a basket of major currencies with an increase of 0.11%, traded around 92.91 as of written. Overnight, Fed Chair Janet Yellen\u2019s reaffirmation regarding central bank\u2019s view to increasing rates gradually is the most suitable policy measure. Her […]<\/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\/22391"}],"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=22391"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/22391\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=22391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=22391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=22391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}