{"id":23289,"date":"2017-10-13T02:54:55","date_gmt":"2017-10-13T02:54:55","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=23289"},"modified":"2017-10-13T02:54:55","modified_gmt":"2017-10-13T02:54:55","slug":"131017-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/131017-daily-analysis\/","title":{"rendered":"131017 Daily Analysis"},"content":{"rendered":"

13 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

Greenback retraces amid release of economics data. <\/strong><\/p>\n

 <\/p>\n

Dollar index was traded lower against a trade-weighted basket of major currencies, quoted down 0.05% to 92.74 while investors await tonight\u2019s release of Consumer Price Index for further signal on next interest rate hike. Overnight, greenback extended some gains after U.S. Department of Labor reported a decrease in initial jobless claims by 15,000 to a seasonally adjusted total of 258,000 last week, versus forecasts of only 7,000 decline. In addition, producer price index (PPI) in September shown an increase of 0.4% in which has ease some investors\u2019 concern over the slowdown in inflation amid dovish FOMC meeting minutes. On the other hand, pound sterling rose by 0.12% to $1.3278 against the US dollar following overnight\u2019s plunge due to Brexit uncertainties. According to EU Brexit negotiator Michel Barnier, recent negotiation has reached an impasses while ruling out discussion on future trade with the UK for the time being. Recent stumbled progress has spurred higher uncertainty over UK\u2019s economy in the future which may lose its access to the single economy bloc.<\/p>\n

\n

In the commodity market, crude oil price increased by 0.51% to $50.86 a barrel as it is supported by China trade data which mirrored rising demand views as the market looks ahead to a U.S. oil rig count data. Likewise, gold price extended gains by 0.26% to $1296.62 a troy ounce following a suspected nuclear test in North Korea after geology agency in the South reported a 2.7 magnitude earthquake this morning.<\/p>\n

\u00a0<\/u><\/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

 <\/p>\n

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

20:30\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 \u00a0FOMC Member Rosengren Speaks<\/p>\n

23:30\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 \u00a0FOMC Member Kaplan Speaks<\/p>\n

01:00\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 Member Powell Speaks<\/p>\n


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

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

Today\u2019s Highlight Economy Data<\/u><\/p>\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
11:00<\/td>\nCNY \u2013 Trade Balance (USD) (Sep)<\/td>\n41.99B<\/td>\n39.50B<\/td>\n–<\/td>\n<\/tr>\n
14:00<\/td>\nEUR \u2013 German CPI (MoM) (Sep)<\/td>\n0.1%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core CPI (MoM) (Sep)<\/td>\n0.2%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Retail Sales (MoM) (Sep)<\/td>\n0.2%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Retail Sales (MoM) (Sep)<\/td>\n-0.2%<\/td>\n1.7%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Michigan Consumer Sentiment (Oct)<\/td>\n95.1<\/td>\n95.0<\/td>\n–<\/td>\n<\/tr>\n
01:00<\/td>\nCrudeOIL \u2013 US Baker Hughes Oil Rig Count<\/td>\n748<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher prior its breakout above resistance level at 1.3240 and resistance by 200-MA line. The successful breakout suggests GBPUSD to continue its momentum to trade higher toward the next resistance level at 1.3330.<\/p>\n

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Resistance level: 1.3330, 1.3445<\/p>\n

Support level: 1.3240, 1.3175<\/p>\n


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

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

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded higher prior its rebound from support level at 1.1820. Upward slope of MACD histogram and bullish engulfing candlestick pattern suggest the pair to further its gains toward the resistance level at 1.1870.<\/p>\n

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Resistance level: 1.1870, 1.1910<\/p>\n

Support level: 1.1820, 1.1775<\/p>\n


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

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

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded within descending triangle. It is suggested to wait for breakout to occur following absence of obvious signal from both price action and MACD indicator.<\/p>\n

\n

Resistance level: 112.60, 113.00<\/p>\n

Support level: 112.10, 111.65<\/p>\n

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


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

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher prior its failure to break below support level at 50.20. Formation of pin bar candlestick and golden-cross as formed by MACD signal line suggest the pair to trade higher if closure above resistance level at 50.80 is successful.<\/p>\n

\n

Resistance level: 50.80, 51.35<\/p>\n

Support level: 50.20, 49.25<\/p>\n


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

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

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price was traded in higher prior its rebound from the bullish trend line and support level at 1289.70. Formation of bullish pinbar candlestick and golden-cross of MACD signal line suggest gold price to trade higher toward the resistance level at 1297.60.<\/p>\n

\n

Resistance level: 1297.60, 1302.35<\/p>\n

Support level: 1289.70, 1283.40<\/p>\n

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

13 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 retraces amid release of economics data.   Dollar index was traded lower against a trade-weighted basket of major currencies, quoted down 0.05% to 92.74 while investors await tonight\u2019s release of Consumer Price Index for further signal on next interest rate hike. Overnight, greenback extended some gains after U.S. Department […]<\/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\/23289"}],"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=23289"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/23289\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=23289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=23289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=23289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}