{"id":26773,"date":"2018-04-10T02:02:35","date_gmt":"2018-04-10T02:02:35","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=26773"},"modified":"2018-04-10T02:48:47","modified_gmt":"2018-04-10T02:48:47","slug":"100418-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/100418-daily-analysis\/","title":{"rendered":"100418 Daily Analysis"},"content":{"rendered":"

10 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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Trump\u2019s tweet sent dollar to a lower ground.<\/strong><\/p>\n

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Dollar index was down 0.26% against a trade-weighted basket of major currencies to 89.47 following U.S. President Donald Trump\u2019s criticism on current trade dispute with China. Overnight, President Trump tweeted about the inequitable practices allowed by predecessors when tariff imposed on exported American cars to China was ten times greater at 25% while Chinese-made vehicle sent to U.S. was only 2.5%. The president\u2019s tweet has thus added investors\u2019 fear over the prospect of trade war between the world\u2019s two largest economies. In addition, USD\/CAD was sent to a lower ground by 0.67% to $1.2697 following a rise in the Loonie on a more positive view on NAFTA negotiations and investors\u2019 optimism for another rate hike by the Bank of Canada (BoC) this year.<\/p>\n

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In the commodities market, crude oil price rose 2.25% to $63.38 a barrel following a healthy market demand and continuous measures taken by OPEC and non-OPEC to restraint market oversupplies. Likewise, gold price extended gains by 0.21% to $1334.91 a troy ounce following ongoing dollar weakness.<\/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

16:30\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 FOMC Member Kaplan Speaks<\/p>\n

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Today\u2019s Highlight Economy Data<\/u><\/p>\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 NAB Business Confidence (Mar)<\/td>\n9<\/td>\n12<\/td>\n7<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 PPI (MoM) (Mar)<\/td>\n0.2%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Building Permits (MoM) (Feb)<\/td>\n5.6%<\/td>\n1.3%<\/td>\n–<\/td>\n<\/tr>\n
04:30<\/td>\nCrudeOIL \u2013 API Weekly Crude Oil Stock<\/td>\n-3.280M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded higher prior gaining its support above 23.6 Fibonacci level. Formation of pin bar candlestick and diminishing bearish momentum as displayed by MACD histogram would suggest the pair to extend its gains towards the resistance level at 1.4160.<\/p>\n

Resistance level: 1.4160, 1.4240<\/p>\n

Support level: 1.4110, 1.4080<\/p>\n


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

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

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EURUSD, H1: <\/strong>EURUSD was traded lower prior retracement from resistance level at 1.2330. Negative divergence as displayed by MACD histogram would suggest the pair to undergo short-term technical correction to trade lower towards the support level at 1.2300.<\/p>\n

Resistance level: 1.2330, 1.2360<\/p>\n

Support level: 1.2300, 1.2280<\/p>\n


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

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

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USDJPY, H1: <\/strong>USDJPY was traded higher after rebound from support level at 106.60. MACD histogram that shows diminishing bearish momentum would suggest the pair to undergo short-term technical correction to trade higher towards the resistance by descending trend line.<\/p>\n

Resistance level: 107.00, 107.50<\/p>\n

Support level: 106.60, 106.40<\/p>\n


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

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

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CrudeOIL, H4: <\/strong>Crude oil price was trade higher after breaking resistance level at 63.00. MACD histogram that portrays increasing bullish momentum would suggest the commodity price to extend its gains towards the trend line of descending channel.<\/p>\n

Resistance level: 63.80, 64.20<\/p>\n

Support level: 63.00, 62.30<\/p>\n

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

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GOLD_, H1: <\/strong>Gold price was traded lower prior retracement from resistance level at 1337.70. MACD histogram that portrays decreasing bullish momentum would suggest the safe-haven asset price to undergo short-term losses to retest its previous high.<\/p>\n

Resistance level: 1337.70, 1342.80<\/p>\n

Support level: 1334.90, 1327.90<\/p>\n","protected":false},"excerpt":{"rendered":"

10 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   Trump\u2019s tweet sent dollar to a lower ground.   Dollar index was down 0.26% against a trade-weighted basket of major currencies to 89.47 following U.S. President Donald Trump\u2019s criticism on current trade dispute with China. Overnight, President Trump tweeted about the inequitable practices allowed by predecessors when tariff […]<\/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\/26773"}],"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=26773"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/26773\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=26773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=26773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=26773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}