{"id":241547,"date":"2022-04-25T02:03:31","date_gmt":"2022-04-25T02:03:31","guid":{"rendered":"https:\/\/www.gcmasia.co\/analysis\/en\/?p=241547"},"modified":"2022-04-25T02:03:31","modified_gmt":"2022-04-25T02:03:31","slug":"250422-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/250422-morning-session-analysis\/","title":{"rendered":"250422 Morning Session Analysis"},"content":{"rendered":"

25 April 2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis<\/strong><\/p>\n

Rising yield, spurring bullish momentum on US Dollar.<\/strong><\/span><\/p>\n

The Dollar Index which traded against a basket of six major currencies extend its gains following the 5-year Treasury yield hit 3% following the Federal Reserve Chairman Jerome Powell unleashed his hawkish tone. According to CNBC, Fed Chair Jerome Powell claimed on International Monetary Fund (IMF) meeting that taming inflation risk is absolutely important. Meanwhile, he also reiterated that the Fed would likely to increase the interest rate by 50 basis point during the Fed\u2019s May monetary policy meeting. Despite the suggestion of a 50-basis-point rate hike was aligned with market expectations, Powell\u2019s comments still prompted the US Treasury yields surged significantly. Currently, investors have become increasingly concerned about potential threats on economic growth that could come from rising inflation and contractionary monetary policy. As of writing, the Dollar Index appreciated by 0.03% to 101.15.<\/p>\n

 <\/p>\n

In the commodities market, the crude oil price depreciated by 1.03% to $101.36 per barrel as of writing. The oil market edged lower as concerns upon the economic growth continue to weigh down the appeal for the crude oil demand. On the other hand, the gold price slumped 0.02% to $1932.05 per troy ounces as of writing amid strengthening US Dollar.<\/p>\n

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 <\/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

N\/A<\/p>\n

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Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
16:00<\/td>\nEUR – German Ifo Business Climate Index (Apr)<\/td>\n90.8<\/td>\n89.1<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

\"\"<\/p>\n

DOLLAR_INDX, <\/strong>H4: <\/strong>Dollar index was traded higher while currently testing the resistance level. MACD which illustrated increasing bullish momentum suggest the index to extend its gains after breakout.<\/p>\n

 <\/p>\n

Resistance level: 101.20, 102.20<\/p>\n

Support level: 99.25, 97.80<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, Daily: <\/strong>GBPUSD was traded lower while currently testing the support level at 1.2800. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses after breakout.<\/p>\n

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Resistance level: 1.2995, 1.3200<\/p>\n

Support level: 1.2800, 1.2585<\/p>\n

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\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower while currently testing the support level. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses after breakout.<\/p>\n

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Resistance level: 1.0905, 1.0975<\/p>\n

Support level: 1.0770, 1.0690<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher following prior rebound from the support level. However, MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains.<\/p>\n

 <\/p>\n

Resistance level: 129.45, 132.30<\/p>\n

Support level: 127.65, 126.00<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, Daily: <\/strong>AUDUSD was traded lower following prior breakout below the previous support level. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses.<\/p>\n

 <\/p>\n

Resistance level: 0.7280, 0.7360<\/p>\n

Support level: 0.7135, 0.6985<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower while currently testing the support level. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses after breakout.<\/p>\n

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Resistance level: 0.6705, 0.6820<\/p>\n

Support level: 0.6615, 0.6535<\/p>\n

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\"\"<\/p>\n

USDCAD, Daily: <\/strong>USDCAD was traded higher while currently near the resistance level. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains.<\/p>\n

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Resistance level: 1.2750, 1.2890<\/p>\n

Support level: 1.2635, 1.2485<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, Daily: <\/strong>USDCHF was traded higher while currently testing the resistance level. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains after breakout.<\/p>\n

 <\/p>\n

Resistance level: 0.9580, 0.9710<\/p>\n

Support level: 0.9455, 0.9230<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded lower while currently testing the support level. MACD which illustrated increasing bearish momentum suggest the commodity to extend its losses after breakout the support level.<\/p>\n

 <\/p>\n

Resistance level: 102.95, 105.50<\/p>\n

Support level: 100.00, 97.85<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower while currently testing the support level. MACD which illustrated increasing bearish momentum suggest the commodity to extend its losses after breakout.<\/p>\n

 <\/p>\n

Resistance level: 1945.05, 1963.00<\/p>\n

Support level: 1930.60, 1918.00<\/p>\n

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

25 April 2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis Rising yield, spurring bullish momentum on US Dollar. The Dollar Index which traded against a basket of six major currencies extend its gains following the 5-year Treasury yield hit 3% following the Federal Reserve Chairman Jerome Powell unleashed his hawkish tone. According to CNBC, Fed Chair Jerome Powell claimed […]<\/p>\n","protected":false},"author":25,"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\/241547"}],"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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=241547"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/241547\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=241547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=241547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=241547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}