{"id":24753,"date":"2017-11-09T02:22:05","date_gmt":"2017-11-09T02:22:05","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=24753"},"modified":"2017-11-09T02:32:50","modified_gmt":"2017-11-09T02:32:50","slug":"091117-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/091117-daily-analysis\/","title":{"rendered":"091117 Daily Analysis"},"content":{"rendered":"

09 November 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 Daily Analysis<\/strong><\/p>\n

 <\/p>\n

Kiwi soared after RBNZ meeting minutes.<\/strong><\/p>\n

 <\/p>\n

Kiwi was traded higher versus the dollar at 0.6948, adding up 0.24% during the Asian trading hours following Reserve Bank of New Zealand (RBNZ)\u2019s decision to keep their benchmark official cash rate steadied at 1.75% as expected. They warned that the inflation outlook was uncertain following pursue of new policies by the new government in the country. According to a statement by RBNZ Governor Grant Spencer, he mentioned that RBNZ has incorporated preliminary estimates of the impact of new government policies in four major areas which include new government spending, a homebuilding program, curbs on immigration and increases in the minimum wage. Despite of the uncertainty of the impact of these policies, an assumption is made that these policies combined would cast more fiscal stimulus in future. On the other hand, the dollar traded roughly unchanged overnight, fell 0.06% at 94.75 as of writing as investors mulled over media reports suggesting that the Senate GOP are considering a one-year delay in the implementation of corporate tax cuts. Besides that, the dollar was lacking its bullish momentum as investors shifted their attention towards President Donald Trump\u2019s arrival in China where he is expected to have lengthy discussions on North Korea with President China Xi Jin Ping.<\/p>\n

\n

In the commodities market, crude oil price settled lower by 0.18% at $56.91 per barrel after EIA report that showed crude supplies rose by roughly 2.2 million barrels while production figures rose 0.7% to an all-time high of 9.62 million barrels per day, offsetting a larger-than-expected draw in refineries. Otherwise, gold price rose 0.02% to $1281.40 a troy ounce amid ongoing concerns over tax reform that weighed on the dollar.<\/p>\n

 <\/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

 <\/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

N\/A<\/p>\n

 <\/p>\n

 <\/p>\n

Today\u2019s Highlight Economy Data<\/u><\/p>\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
04:00<\/td>\nNZD \u2013 RBNZ Interest Rate Decision<\/td>\n1.75%<\/td>\n1.75%<\/td>\n1.75%<\/td>\n<\/tr>\n
09:30<\/td>\nCNY \u2013 CPI (YoY) (Oct)<\/td>\n1.6%<\/td>\n1.8%<\/td>\n1.9%<\/td>\n<\/tr>\n
09:30<\/td>\nCNY \u2013 PPI (YoY) (Oct)<\/td>\n6.9%<\/td>\n6.6%<\/td>\n6.9%<\/td>\n<\/tr>\n
15:00<\/td>\nEUR \u2013 German Trade Balance (Sep)<\/td>\n21.6B<\/td>\n21.1B<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n229K<\/td>\n231K<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nCAD \u2013 New Housing Price Index (MoM) (Sep)<\/td>\n0.1%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD is currently testing back the previous high after breaking below it. Successful closure of candlestick above the current resistance level at 1.3120 would further suggest the pair to trade higher toward the next resistance level at 1.3170 and vice versa.<\/p>\n

Resistance level: 1.3120, 1.3170<\/p>\n

Support level: 1.3050, 1.2980<\/p>\n


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

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

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded within consolidation. Absence of obvious signal from candlestick pattern and MACD histogram suggest to wait for breakout to occur to grasp the next movement of the pair.<\/p>\n

Resistance level: 1.1610, 1.1670<\/p>\n

Support level: 1.1570, 1.1480<\/p>\n

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


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

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

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded higher prior breaking above the trend line and resistance level at 113.70. Successful closure of candlestick above the 200-MA line and golden-cross as formed by MACD histogram suggest the pair to extend higher toward the next resistance level at 114.20.<\/p>\n

Resistance level: 114.20, 114.70<\/p>\n

Support level: 113.70, 112.90<\/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 within consolidation. Absence of obvious signal from candlestick pattern and MACD histogram suggest to wait for breakout to grasp further momentum of the commodity price in nearer term.<\/p>\n

Resistance level: 57.95, 61.40<\/p>\n

Support level: 56.35, 54.75<\/p>\n


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

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price was traded lower prior breaking support level at 1282.60. Formation of negative divergence by MACD signal line suggests gold price to extend its losses toward the support by 200-MA line and support level at 1274.00 if breakout below the support at 1280.00 is successful.<\/p>\n

Resistance level: 1282.60, 1289.70<\/p>\n

Support level: 1280.00, 1274.00<\/p>\n","protected":false},"excerpt":{"rendered":"

09 November 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 Daily Analysis   Kiwi soared after RBNZ meeting minutes.   Kiwi was traded higher versus the dollar at 0.6948, adding up 0.24% during the Asian trading hours following Reserve Bank of New Zealand (RBNZ)\u2019s decision to keep their benchmark official cash rate steadied at 1.75% as expected. They warned that the inflation […]<\/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\/24753"}],"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=24753"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/24753\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=24753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=24753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=24753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}