{"id":26516,"date":"2018-04-04T02:12:35","date_gmt":"2018-04-04T02:12:35","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=26516"},"modified":"2018-04-04T02:12:59","modified_gmt":"2018-04-04T02:12:59","slug":"040418-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/040418-daily-analysis\/","title":{"rendered":"040418 Daily Analysis"},"content":{"rendered":"

04 April 2018\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

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Dollar in misery over trade-war peril.<\/strong><\/p>\n

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Dollar index was traded lower against its major peers by 0.18% to 89.71 as of writing following rising global trade tensions between U.S. and China while market participants await release of non-farm payrolls (NFP) report this Friday. Greenback has struggled to gain on its ground after China announced to impose a list of possible tariffs up to $3 billion on 128 U.S. products. On the other hand, Trump administration was also reported to impose tariffs of more than $50 billion worth on advanced technology Chinese imports as a punishment for the latter party over technology transfer policies. Under the investigation of Section 301 of the 1974 U.S. Trade Act, China has been alleged to systematically misappropriate American intellectual property. An escalation of a full-blown trade dispute between the two major economies has rocked investors\u2019 fears over a plausible trade war that will crush the global economic growth. On the contrary, USD\/JPY was down 0.1% to 106.48 following worries over a halt to the growth of global economy prior to the escalating U.S. \u2013 China trade tensions.<\/p>\n

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In the commodities market, crude oil price extended losses by 0.31% to $63.31 per barrel following a surge of Russia\u2019s oil production to an 11-month high of 10.97 million bpd in March to meet weather-related demand in the country. Otherwise, gold price pared its losses by 0.32% to $1332.85 following an ongoing trade tensions between U.S. and China.<\/p>\n

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

21:45\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>USD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0FOMC Member Bullard Speaks<\/p>\n

23:00\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 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0FOMC Member Mester Speaks<\/p>\n

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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
09:30<\/td>\nAUD \u2013 Retail Sales (MoM) (Feb)<\/td>\n0.2%<\/td>\n0.3%<\/td>\n0.6%<\/td>\n<\/tr>\n
09:45<\/td>\nCNY \u2013 Caixin Services PMI (Mar)<\/td>\n54.2<\/td>\n54.5<\/td>\n52.3<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Construction PMI (Mar)<\/td>\n51.4<\/td>\n51.2<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 CPI (YoY) (Mar)<\/td>\n1.1%<\/td>\n1.4%<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 Unemployment Rate (Feb)<\/td>\n8.6%<\/td>\n8.5%<\/td>\n–<\/td>\n<\/tr>\n
20:15<\/td>\nUSD \u2013 ADP Nonfarm Employment Change (Mar)<\/td>\n235K<\/td>\n206K<\/td>\n–<\/td>\n<\/tr>\n
21:45<\/td>\nUSD \u2013 Services PMI (Mar)<\/td>\n54.1<\/td>\n54.3<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 ISM Non-Manufacturing Employment (Mar)<\/td>\n55.0<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 ISM Non-Manufacturing PMI (Mar)<\/td>\n59.5<\/td>\n59.2<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n1.643M<\/td>\n-0.287M<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Gasoline Inventories<\/td>\n-3.472M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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GBPUSD, H4: <\/strong>GBPUSD was traded in consolidation between resistance level at 1.4080 and support level at 1.4010. Absence of significant signals from both candlestick pattern and MACD would suggest to wait for confirmation breakout to grasp the next direction of the pair in near term.<\/p>\n

Resistance level: 1.4080, 1.4130<\/p>\n

Support level: 1.4010, 1.3910<\/p>\n

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

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EURUSD, H1: <\/strong>EURUSD was traded higher prior rebound from support level at 1.2250. Golden-cross as displayed by MACD signal line would suggest the pair to undergo short-term technical correction to trade higher before continuing its downside bias.<\/p>\n

Resistance level: 1.2300, 1.2350<\/p>\n

Support level: 1.2250, 1.2210<\/p>\n


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

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USDJPY, H1: <\/strong>USDJPY was traded lower prior retracement from resistance level at 106.65. Death-cross as shown by MACD signal line would suggest the pair to undergo short-term technical correction to trade lower supposed closure of candlestick below the minor support at 106.40 is successful.<\/p>\n

Resistance level: 106.65, 107.00<\/p>\n

Support level: 106.10, 105.65<\/p>\n


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

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CrudeOIL, H1: <\/strong>Crude oil price was traded higher prior rebound from support level at 63.10. However, MACD histogram that shows diminishing bullish momentum would suggest the commodity price to extend its losses towards its previous low.<\/p>\n

Resistance level: 64.10, 64.70<\/p>\n

Support level: 63.10, 62.30<\/p>\n

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

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GOLD_, H4: <\/strong>Gold price was traded lower after breaking support level at 1334.90. Death-cross as displayed by MACD signal line would suggest downside bias for the commodity price yet confirmation from candlestick pattern is required to reaffirm the direction.<\/p>\n

Resistance level: 1334.90, 1337.70<\/p>\n

Support level: 1327.90, 1321.10<\/p>\n","protected":false},"excerpt":{"rendered":"

04 April 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Dollar in misery over trade-war peril.   Dollar index was traded lower against its major peers by 0.18% to 89.71 as of writing following rising global trade tensions between U.S. and China while market participants await release of non-farm payrolls (NFP) report this Friday. Greenback has struggled to […]<\/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\/26516"}],"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=26516"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/26516\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=26516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=26516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=26516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}