{"id":23934,"date":"2017-10-25T02:09:33","date_gmt":"2017-10-25T02:09:33","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=23934"},"modified":"2017-10-25T02:34:06","modified_gmt":"2017-10-25T02:34:06","slug":"251017-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/251017-daily-analysis\/","title":{"rendered":"251017 Daily Analysis"},"content":{"rendered":"

25 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 remained steady, Pound Sterling wobbled over future BOE rate hike.<\/strong><\/p>\n

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Dollar index was traded higher against a basket of major currencies with a gain of 0.09% to 93.80 as of writing following a duo of better-than-expected economic reports. U.S. Manufacturing Purchasing Managers Index (PMI) rose to 54.5 versus the expected reading of 53.1 whereas U.S. Services Business Activity Index rose to 55.9 versus the expected reading of 55.6 in the month of October. The duo positive economic data boasted investors\u2019 sentiment toward the Greenback, thus offset its earlier wobble amid speculation concerning the appointment of the next head of the Federal Reserve. Beforehand, a rumor was released that Taylor and Powell to be the front-runner for the chance to lead the Federal Reserve when Yellen\u2019s term ends in February 2018. On the other hand, Pound Sterling slumped 0.48% to $1.3130 amid after Bank of England deputy Governor Jon Cunliffe mentioned that the first rate hike is still an \u201copen question\u201d which directly lowering investors\u2019 expectation for BoE to raise interest rate next month.<\/p>\n

\n

In the commodity market, crude oil price shed 0.10% to $52.42 per barrel following a report by American Petroleum Institute (API) that shown crude oil inventories in the U.S. rose by 519,000 barrels last week. Likewise, gold price reduced by 0.08% to $1275.40 a troy ounce following Greenback\u2019s recovery from its previous low.<\/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\u00a0 Event<\/strong><\/p>\n

22:00\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 \u00a0BoC Monetary Policy Report<\/p>\n

22:00\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 \u00a0BoC Rate Statement<\/p>\n

23:15\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 \u00a0BoC Gov Poloz Speaks<\/p>\n

 <\/p>\n

 <\/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
08:30<\/td>\nAUD \u2013 CPI (QoQ) (Q3)<\/td>\n0.2%<\/td>\n0.8%<\/td>\n0.6%<\/td>\n<\/tr>\n
16:00<\/td>\nEUR \u2013 German Ifo Business Climate Index (Oct)<\/td>\n115.2<\/td>\n115.2<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP – GDP (QoQ) (Q3)<\/td>\n0.3%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Durable Goods Orders (MoM) (Sep)<\/td>\n0.5%<\/td>\n0.5%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 New Home Sales (Sep)<\/td>\n-3.4%<\/td>\n-0.9%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nCAD \u2013 BoC Interest Rate Decision<\/td>\n1.00%<\/td>\n1.00%<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n-5.731M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower after breaking support level at 1.3140. Successful closure of candlestick suggest the pair to continue its momentum to extend losses toward the next support level at 1.3060.<\/p>\n

Resistance level: 1.3140, 1.3220<\/p>\n

Support level: 1.3060, 1.3020<\/p>\n


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

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

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded lower prior retracement from resistance level at 1.1785. Formation of dark cloud cover candlestick pattern suggests the pair to trade lower in short-term but with lesser momentum due to absence of obvious signal from MACD histogram.<\/p>\n

Resistance level: 1.1785, 1.1825<\/p>\n

Support level: 1.1735, 1.1680<\/p>\n


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

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

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded lower prior retracement from resistance level at 113.95. Formation of pin bar candlestick and death-cross by MACD signal line suggests the pair to trade lower in short term toward support level at 113.55.<\/p>\n

Resistance level: 113.95, 114.30<\/p>\n

Support level: 113.55, 113.15<\/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 prior retracement from resistance level at 52.55. Downward slope of MACD histogram suggests crude oil price to extend losses in short-term toward the support level at 52.20.<\/p>\n

Resistance level: 52.55, 53.70<\/p>\n

Support level: 52.20, 51.65<\/p>\n


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

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

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price was traded lower prior retracement from resistance level at 1279.55. Formation of dark cloud cover candlestick pattern and bearish candlestick arrangement suggest gold price on bias to extend losses toward the support level at 1273.95.<\/p>\n

Resistance level: 1279.55, 1283.40<\/p>\n

Support level: 1273.95, 1268.55<\/p>\n

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

25 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 remained steady, Pound Sterling wobbled over future BOE rate hike. Dollar index was traded higher against a basket of major currencies with a gain of 0.09% to 93.80 as of writing following a duo of better-than-expected economic reports. U.S. Manufacturing Purchasing Managers Index (PMI) rose to 54.5 versus the […]<\/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\/23934"}],"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=23934"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/23934\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=23934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=23934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=23934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}