{"id":22512,"date":"2017-09-29T02:48:16","date_gmt":"2017-09-29T02:48:16","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=22512"},"modified":"2017-09-29T02:48:16","modified_gmt":"2017-09-29T02:48:16","slug":"290917-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/290917-daily-analysis\/","title":{"rendered":"290917 Daily Analysis"},"content":{"rendered":"

29 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

 <\/p>\n

U.S. administration uncertainty, Greenback\u2019s bull on hold.<\/strong><\/p>\n

Dollar index languished by 0.1% below its highest level since August 18th<\/sup> of 93.666 to 93.155, as a result of investors pondered upon Trump administration\u2019s tax plan and the outlook for Federal Reserve policy. According to statements by market strategists, they explained the current retracement of dollar index was probably due to traders taking profits in the wake of the dollar\u2019s rally as well as fading market sentiment into a realization that the progress of tax reform may not be easy. Later tonight, market focus will be directed to U.S. economic data including the personal consumption expenditures (PCE) price index for August. On the other hand, EUR\/USD held steady at $1.1780, down 0.06%; GBP\/USD eased 0.16% to $1.3419, USD\/JPY traded at 112.56, up 0.23%.<\/p>\n

\n

In the commodity market, crude oil prices settled higher by 0.06% at $51.59, following threats from Turkey to restrict oil trading with Iraqi Kurds after they backed independence from Baghdad. Otherwise, gold prices remained flat, trading at $1285.97 with a slight increase of 0.04%. Its previous downside momentum was limited following overnight dollar weakness.<\/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

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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

22:15\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ECB President Draghi Speaks<\/p>\n

22:45\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\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 BoE Gov Carney Speaks<\/p>\n

23:00\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\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 FOMC Member Harker Speaks<\/p>\n

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Today\u2019s Highlight Economy Data<\/u><\/p>\n\n\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
09:45<\/td>\nCNY \u2013 Caixin Manufacturing PMI (Sep)<\/td>\n51.6<\/td>\n51.5<\/td>\n*<\/td>\n<\/tr>\n
15:55<\/td>\nEUR \u2013 German Unemployment Change (Sep)<\/td>\n-5K<\/td>\n-5K<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 GDP (QoQ) (Q2)<\/td>\n0.3%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013CPI (YoY) (Sep)<\/td>\n1.5%<\/td>\n1.6%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core PCE Price Index (MoM) (Aug)<\/td>\n0.1%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Personal Spending (MoM) (Aug)<\/td>\n0.3%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 GDP (MoM) (Jul)<\/td>\n0.3%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
21:45<\/td>\nUSD \u2013 Chicago PMI (Sep)<\/td>\n58.9<\/td>\n58.5<\/td>\n–<\/td>\n<\/tr>\n
01:00<\/td>\nCrudeOIL \u2013 US Baker Hughes Oil Rig Count<\/td>\n744<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/u><\/p>\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 breaking above the top of the descending triangle. Upward slope of MACD histogram suggests GBPUSD to continue its bullish momentum toward the resistance level at 1.3470.<\/p>\n

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Resistance level: 1.3470, 1.3580<\/p>\n

Support level: 1.3360, 1.3255<\/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 after its rebound from support level at 1.1715. Upward slope of MACD histogram suggests the pair to undergo technical correction to trade higher toward the resistance level at 1.1820.<\/p>\n

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Resistance level: 1.1820, 1.1880<\/p>\n

Support level: 1.1715, 1.1660<\/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 prior its rebound from the bottom level of ascending triangle. Formation of pin bar at the bottom level of the ascending triangle suggests the pair is still on bullish momentum to trade higher, testing the 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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded lower following prior retracement while currently testing at the resistance level of 51.65. A breakout of the said resistance level is required for the price of crude oil to gain its bullish momentum.<\/p>\n

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Resistance level: 51.65, 52.30<\/p>\n

Support level: 50.70, 49.60<\/p>\n

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


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

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

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

\"\"<\/p>\n

GOLD_, Daily: <\/strong>Gold price was traded lower prior breaking below support level at 1297.05. Downward slope of MACD signal line suggests gold price to further its losses toward the resistance by 200-MA line around 1260.40.<\/p>\n

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Resistance level: 1297.05, 1341.80<\/p>\n

Support level: 1260.40, 1249.70<\/p>\n

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

29 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   U.S. administration uncertainty, Greenback\u2019s bull on hold. Dollar index languished by 0.1% below its highest level since August 18th of 93.666 to 93.155, as a result of investors pondered upon Trump administration\u2019s tax plan and the outlook for Federal Reserve policy. According to statements by market strategists, they explained […]<\/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\/22512"}],"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=22512"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/22512\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=22512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=22512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=22512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}