{"id":22475,"date":"2017-09-28T02:40:30","date_gmt":"2017-09-28T02:40:30","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=22475"},"modified":"2017-09-28T02:40:30","modified_gmt":"2017-09-28T02:40:30","slug":"280917-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/280917-daily-analysis\/","title":{"rendered":"280917 Daily Analysis"},"content":{"rendered":"

28 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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Dollar soared higher, U.S. data under further examination.<\/strong><\/p>\n

Dollar index was traded higher against a basket of currencies near its one-month high at 93.40, with a total of 1.3% gains this week due to positive market sentiment toward U.S. President Donald Trump\u2019s proposal to cut taxes for most Americans. However, criticism were catalyzed around the plan as it may benefit only to the rich and companies, as well as it could cause a deficit of trillions of dollars in the future. In addition, an upbeat data on U.S. durable goods orders added further support to the Greenback, which indirectly benefited U.S. 10-year treasury yield to reach to its highest since August 1st<\/sup> at 2.316 percent. However, based on views by market strategists, the greenback is still far from being a \u201cstrong rebound\u201d. A couple of U.S. data will be on-eyed such as the personal consumption expenditures (PCE) price index for August and U.S. jobs data to further gauge the strength of the Greenback.<\/p>\n

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In the commodity market, crude oil prices slipped by 0.33%, traded at $51.97 after U.S crude inventories shown a surprise fall albeit a sharp rise in US crude production. Likewise, gold prices fell sharply by 1.02% to $1284.45 a troy ounce amid an increase in the strength of the Greenback as fuelled by rising expectations for a year-end rate hike and Trump\u2019s tax reform.<\/p>\n

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

\u00a0<\/u><\/strong><\/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

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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

04:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 NZD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 RBNZ Rate Statement<\/p>\n

07:00\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 FOMC Member Rosengren Speaks<\/p>\n

14:35\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 JPY\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0BoJ Govenor Kuroda Speaks<\/p>\n

16:15\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 GBP\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 BoE Govenor Carner Speaks<\/p>\n

21:45\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 \u00a0 \u00a0 FOMC Member George Speaks<\/p>\n

22:15\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 FOMC Member Stanley Fischer 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
04:00<\/td>\nNZD \u2013 RBNZ Interest Rate Decision<\/td>\n1.75%<\/td>\n1.75%<\/td>\n1.75%<\/td>\n<\/tr>\n
20:00<\/td>\nEUR \u2013 German CPI (MoM) (Sep)<\/td>\n0.1%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 GDP (QoQ) (Q2)<\/td>\n3.0%<\/td>\n3.0%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n259K<\/td>\n270K<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded within descending triangle and is currently testing the support level at 1.3375. Successful breakout below the said support level would suggest further downside bias for the pair, heading toward the next support level at 1.3255.<\/p>\n

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Resistance level: 1.3470, 1.3645<\/p>\n

Support level: 1.3375, 1.3255<\/p>\n


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

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

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

\"\"<\/p>\n

EURUSD, Daily: <\/strong>EURUSD was traded lower prior successful breakout below support level at 1.1845. Death cross as formed by MACD histogram suggests the pair to continue its bearish momentum, heading toward the next support level at 1.1705.<\/p>\n

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Resistance level: 1.1845, 1.2070<\/p>\n

Support level: 1.1705, 1.1595<\/p>\n

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


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

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

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher its rebound from support level at 111.65. The pair is currently testing the resistance level at 113.00. Successful breakout above the said resistance level suggests the pair to continue its bullish momentum toward the next resistance level at 114.30.<\/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

\"\"<\/p>\n

Crude OIL, H1: <\/strong>Crude oil prices was traded within symmetry triangle. A breakout above the top or below the bottom of the triangle is required to determine a clearer indication for the price movement.<\/p>\n

\n

Resistance level: 52.30, 52.80<\/p>\n

Support level: 51.60, 50.75<\/p>\n

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


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

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

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold prices was traded higher prior its rebound from support level at 1281.00. Formation of pin bar and upward slope of MACD histogram suggests gold prices to undergo short-term technical correction, trading higher toward the resistance level at 1289.45.<\/p>\n

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Resistance level: 1289.45, 1299.00<\/p>\n

Support level: 1281.00, 1272.00<\/p>\n

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

28 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 soared higher, U.S. data under further examination. Dollar index was traded higher against a basket of currencies near its one-month high at 93.40, with a total of 1.3% gains this week due to positive market sentiment toward U.S. President Donald Trump\u2019s proposal to cut taxes for most Americans. […]<\/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\/22475"}],"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=22475"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/22475\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=22475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=22475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=22475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}