{"id":26888,"date":"2018-04-12T02:13:04","date_gmt":"2018-04-12T02:13:04","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=26888"},"modified":"2018-04-12T03:05:23","modified_gmt":"2018-04-12T03:05:23","slug":"120418-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/120418-daily-analysis\/","title":{"rendered":"120418 Daily Analysis"},"content":{"rendered":"

12 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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Is Dollar capable to continue its gains post-FOMC?<\/strong><\/p>\n

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Dollar index was traded higher against its major peers by 0.32% to 89.14 as of writing post-FOMC meeting minutes. Despite inflation data pointing to a faster pace of inflation, dollar gains remained under pressure due to ongoing US-Syria geopolitical uncertainty. Overnight, all FOMC members have expressed their supportive votes to increase interest rates gradually up to three times following US core annualized inflation that has increased in lined with market expectation by 0.3% to 2.1% in the month of March, surpassing their 2% target. However, the Greenback\u2019s bullish momentum was rather limited following heightened geopolitical tensions when President Trump said to Moscow to \u201cget ready\u201d for an airstrike on Syria. On the contrary, EUR\/USD rose 0.22% to $1.2370 following an optimistic statement by the European Central Bank (ECB)\u2019S president Mario Draghi that inflation in the European zone would hit the central bank\u2019s 2% target this year.<\/p>\n

In the commodities market, crude oil price surged by 2.0% to $66.78 per barrel following investors\u2019 concerns over the outlook of U.S. military intervention in Syria which could lead to supply disruptions in the Middle East. Otherwise, gold price retraced by 0.33% to $1351.21 a troy ounce following the wake up of dollar-bull post FOMC.<\/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

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

19:30\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 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0ECB Publishes Account of Monetary Policy Meeting<\/p>\n

03:00 (Fri)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 GBP \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\u00a0\u00a0\u00a0\u00a0 BoE Gov Carney Speaks<\/p>\n

05:00 (Fri)\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 \u00a0 FOMC Member Kashkari Speaks<\/p>\n

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Today\u2019s Highlight Economy Data<\/u><\/p>\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
14:45<\/td>\nEUR \u2013 French CPI (MoM) (Mar)<\/td>\n1.0%<\/td>\n1.0%<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 Industrial Production (MoM) (Mar)<\/td>\n-1.0%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Import Price Index (MoM) (Mar)<\/td>\n0.4%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n242K<\/td>\n231K<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 New Housing Price Index (MoM) (Feb)<\/td>\n0.0%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following its failure to break resistance level at 1.4190. Death-cross as displayed by MACD signal line would suggest the pair to undergo short-term technical correction to trade lower towards the support level at 1.4160.<\/p>\n

Resistance level: 1.4190, 1.4240<\/p>\n

Support level: 1.4160, 1.4120<\/p>\n


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

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower prior retracement from resistance level at 1.2380. MACD histogram that displays diminishing bullish momentum would suggest the pair to undergo short-term technical correction to trade lower before extending its bullish bias.<\/p>\n

Resistance level: 1.2380, 1.2400<\/p>\n

Support level: 1.2350, 1.2330<\/p>\n


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

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded higher after rebound from support level at 106.70. The pair is currently testing resistance level at 106.80. MACD signal line that shows a golden-cross would suggest the pair to continue its bullish momentum if candlestick successfully closes above the said resistance level.<\/p>\n

Resistance level: 106.80, 107.00<\/p>\n

Support level: 106.70, 106.40<\/p>\n


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

 <\/p>\n

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

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CrudeOIL, H4: <\/strong>Crude oil price was traded higher after breaking resistance level at 66.60. However, MACD histogram that portrays diminishing bullish momentum would suggest the commodity price to undergo short-term losses to retest its previous high.<\/p>\n

Resistance level: 67.40, 69.50<\/p>\n

Support level: 66.60, 65.30<\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower prior breaking support level at 1354.90. Formation of dark cloud cover candlestick pattern and MACD that displays ongoing bearish momentum would suggest the safe-haven asset price to extend its losses if breakout at the next support level 1350.20 is successful.<\/p>\n

Resistance level: 1354.90, 1360.20<\/p>\n

Support level: 1350.20, 1347.30<\/p>\n","protected":false},"excerpt":{"rendered":"

12 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   Is Dollar capable to continue its gains post-FOMC?   Dollar index was traded higher against its major peers by 0.32% to 89.14 as of writing post-FOMC meeting minutes. Despite inflation data pointing to a faster pace of inflation, dollar gains remained under pressure due to ongoing US-Syria geopolitical […]<\/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\/26888"}],"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=26888"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/26888\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=26888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=26888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=26888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}