{"id":23159,"date":"2017-10-11T01:56:59","date_gmt":"2017-10-11T01:56:59","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=23159"},"modified":"2017-10-11T01:56:59","modified_gmt":"2017-10-11T01:56:59","slug":"111017-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/111017-daily-analysis\/","title":{"rendered":"111017 Daily Analysis"},"content":{"rendered":"

11 October 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\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis<\/strong><\/p>\n

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Greenback on pressure, Pound Sterling recoups losses.<\/strong><\/p>\n

Dollar index was depreciated by 0.49% to 92.90 against a trade-weighted basket of the other major currencies. Dollar index fell as it was being weighed by a rally in the Euro as catalyzed by positive economic data in the Euro zone and increased expectations of investors toward tightening of monetary policy by European Central Bank (ECB). In German, the Eurozone\u2019s largest economy, its trade balance data was shown to be expanded to 21.6 billion, better than the expected 20 billion. On the other hand, Pound Sterling recouped its losses against the Greenback as backed by better-than-expected manufacturing and industrial data in United Kingdom. The manufacturing output has increased by 2.8% topping over forecast of a 1.9% increase, while total production output in the industrial sector risen by 1.6% against expectations of a 0.8% rise.<\/p>\n

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In the commodity market, crude oil price increased by 2 percent above $50 per barrel, traded at $51.05 as wrote after the market shown signs of gradual tightening of its crude supplies. Likewise, gold price remained stable and traded at $1288.71 a troy ounce following weakness of the Greenback.<\/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

Tentative\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0CrudeOIL\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 OPEC Monthly Report<\/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 \u00a0FOMC Meeting Minutes<\/p>\n

02:40\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 \u00a0FOMC Member Williams Speaks<\/p>\n

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Today\u2019s Highlight Economy Data<\/u><\/p>\n\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\n\n

Actual<\/strong><\/p>\n<\/td>\n<\/tr>\n

22:00<\/td>\nUSD \u2013 JOLTs Job Openings (Aug)<\/td>\n6.170M<\/td>\n6.138M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

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

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

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher prior its rebound from support level at 1.3175. Upward slope of MACD signal line suggests pair to trade higher toward the resistance by 200-MA and resistance level at 1.3240.<\/p>\n

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Resistance level: 1.3240, 1.3330<\/p>\n

Support level: 1.3175, 1.3025<\/p>\n


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

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

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher prior its rebound from support level at 1.1740. The pair is currently testing the resistance level at 1.1820. Successful breakout of the said resistance level will suggest the pair to continue its momentum to trade higher based on upward slope of MACD signal line showing increasing bullish momentum, testing the next resistance level at 1.1870.<\/p>\n

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

Support level: 1.1740, 1.1700<\/p>\n


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

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

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower after breaking below support level at 112.35. The pair is currently rebound to retest the current resistance level. In shorter term, it is suggested to wait for clearer confirmation before entering the trade.<\/p>\n

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Resistance level: 112.35, 113.00<\/p>\n

Support level: 111.65, 111.05<\/p>\n

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


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

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

\"\"<\/p>\n

Crude OIL, H4: <\/strong>Crude oil price was traded higher after breaking resistance level at 50.80. Golden-cross as formed by MACD histogram suggests the pair to continue its momentum to trade higher toward the next resistance level at 51.45.<\/p>\n

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Resistance level: 51.45, 52.40<\/p>\n

Support level: 50.80, 49.85<\/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 breaking above resistance level at 1278.25. It is currently testing the next resistance level at 1290.85. Successful closure of price above the said resistance level will further suggest gold price to surge higher toward the next resistance level at 1298.30.<\/p>\n

 <\/p>\n

Resistance level: 1290.85, 1298.30<\/p>\n

Support level: 1278.25, 1272.55<\/p>\n

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

11 October 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\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Greenback on pressure, Pound Sterling recoups losses. Dollar index was depreciated by 0.49% to 92.90 against a trade-weighted basket of the other major currencies. Dollar index fell as it was being weighed by a rally in the Euro as catalyzed by positive economic data in the Euro zone 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\/23159"}],"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=23159"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/23159\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=23159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=23159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=23159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}