{"id":25651,"date":"2018-03-14T02:06:21","date_gmt":"2018-03-14T02:06:21","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=25651"},"modified":"2018-03-14T02:06:21","modified_gmt":"2018-03-14T02:06:21","slug":"140318-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/140318-daily-analysis\/","title":{"rendered":"140318 Daily Analysis"},"content":{"rendered":"

14 March 2018\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

U.S. political turmoil spooked the Greenback. <\/strong><\/p>\n

 <\/p>\n

Dollar index was traded lower against a trade-weighted basket of major currencies by 0.29% to 89.63 as of writing, spooked by inflation data and political turmoil in U.S. Overnight, the Consumer Price Index (CPI) reported an increase of 0.2% in the month of February while the year-on-year increase in the CPI remains unchanged at 1.8%. The lack of bullish momentum in the inflation data has eased investors\u2019 expectation towards Fed to adopt a more aggressive rate hike. In addition, the Greenback was further pressured after Secretary of State Rex Tillerson was dismissed by President Donald Trump following failure of both parties to reconcile their differing views on the Iran nuclear deal. On the contrary, GBP\/USD rose 0.55% to $1.3981 following an upbeat spring budget statement given by UK Chancellor Philip Hammond, in which forecast for Gross Domestic Product (GDP) growth in 2018 has revised up to 1.5% versus the previous 1.4%.<\/p>\n

\n

\n

In the commodities market, crude oil price was settled lower by 1.1% to $60.78 per barrel following market\u2019s negative sentiment towards rising U.S. production that could offset OPEC and non-OPEC\u2019s effort to cut global supplies. Otherwise, gold price rose 0.49% to $1326.11 a troy ounce as supported by a turmoil in the Trump administration.<\/p>\n

 <\/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

07:50\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 JPY\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Monetary Policy Meeting Minutes<\/p>\n

16:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0ECB President Draghi Speaks<\/p>\n

19:20\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CrudeOIL\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0OPEC Monthly Report<\/p>\n

 <\/p>\n


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

 <\/p>\n

Today\u2019s Highlight Economy Data<\/u><\/p>\n\n\n\n\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
07:30<\/td>\nAUD \u2013 Westpac Consumer Sentiment (Mar)<\/td>\n-2.3%<\/td>\n–<\/td>\n0.2%<\/td>\n<\/tr>\n
10:00<\/td>\nCNY \u2013 Fixed Asset Investment (YoY) (Feb)<\/td>\n7.2%<\/td>\n7.0%<\/td>\n–<\/td>\n<\/tr>\n
10:00<\/td>\nCNY \u2013 Industrial Production (YoY) (Feb)<\/td>\n6.2%<\/td>\n6.3%<\/td>\n–<\/td>\n<\/tr>\n
15:00<\/td>\nEUR \u2013 German CPI (MoM) (Feb)<\/td>\n0.5%<\/td>\n0.5%<\/td>\n–<\/td>\n<\/tr>\n
18:00<\/td>\nEUR \u2013 Industrial Production (MoM) (Feb)<\/td>\n0.4%<\/td>\n-0.4%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Retail Sales (MoM) (Feb)<\/td>\n0.0%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 PPI (MoM) (Feb)<\/td>\n0.4%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Retail Sales (MoM) (Feb)<\/td>\n-0.3%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Business Inventories (MoM) (Jan)<\/td>\n0.4%<\/td>\n0.6%<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n2.408M<\/td>\n2.718M<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Gasoline Inventories<\/td>\n-0.788M<\/td>\n-1.201M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher prior breaking resistance by 200-MA line and the pair is currently testing the resistance level at 1.3980. MACD histogram that portrays increasing bullish momentum would suggest the pair to extend its gains if breakout at the said resistance level is successful.<\/p>\n

\n

Resistance level: 1.3980, 1.4050<\/p>\n

Support level: 1.3890, 1.3800<\/p>\n


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

 <\/p>\n

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

\"\"\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded higher prior breaking resistance level at 1.2380. However, MACD signal line that portrays a death-cross would suggest the pair to undergo short-term technical correction to trade lower before continuing its bullish bias.<\/p>\n

\n

Resistance level: 1.2440, 1.2500<\/p>\n

Support level: 1.2380, 1.2340<\/p>\n


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

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded higher prior gaining its support at 106.40. MACD histogram that shows diminishing bearish momentum would suggest the pair to extend its gains towards the resistance level at 106.90.<\/p>\n

\n

Resistance level: 106.90, 107.20<\/p>\n

Support level: 106.40, 105.90<\/p>\n

 <\/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 within descending triangle following rebound from support level at 60.50. A lack of obvious indication from both candlestick pattern and MACD histogram would suggest to wait for confirmation breakout to grasp the next movement of the commodity price.<\/p>\n

\n

Resistance level: 62.00, 63.60<\/p>\n

Support level: 60.50, 58.80<\/p>\n

 <\/p>\n

\u00a0<\/strong><\/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 its failure to break resistance level at 1326.80. MACD signal line that portrays a death-cross would suggest the safe-haven asset price to trade lower towards the support by 200-MA line.<\/p>\n

 <\/p>\n

Resistance level: 1326.80, 1335.20<\/p>\n

Support level: 1316.20, 1309.60<\/p>\n

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

14 March 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   U.S. political turmoil spooked the Greenback.   Dollar index was traded lower against a trade-weighted basket of major currencies by 0.29% to 89.63 as of writing, spooked by inflation data and political turmoil in U.S. Overnight, the Consumer Price Index (CPI) reported an increase of 0.2% in the month […]<\/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\/25651"}],"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=25651"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/25651\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=25651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=25651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=25651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}