{"id":26952,"date":"2018-04-13T02:26:57","date_gmt":"2018-04-13T02:26:57","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=26952"},"modified":"2018-04-13T02:40:21","modified_gmt":"2018-04-13T02:40:21","slug":"130418-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/130418-daily-analysis\/","title":{"rendered":"130418 Daily Analysis"},"content":{"rendered":"

13 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 regains strength after Trump backtracked his aggressive stance.<\/strong><\/p>\n

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Dollar index was traded higher against a weighted basket of major currencies by 0.30% to 89.43 as of writing following easing of tensions between the U.S. and Syria despite the release of weaker economic data in the region. Overnight, Greenback rebounded from its session low after U.S. President Donald Trump toned down his threats of military action in Syria, stating that the military strike could come \u201cvery soon, or not soon at all\u201d. His tweet which has backed away from his aggressive stance earlier kept the dollar on higher ground, erasing some of its losses following the release of initial jobless claims that shown a reduce of 9,000 to a seasonally adjusted 233,000 last week which has missed the expected reading for a drop to 231,000. On the contrary, EUR\/USD was down 0.41% to 1.2323 after policymakers expressed their worry over the potential trade-war risk with the U.S. as well as stronger Euro that could cast a harmful impact to the economy in the European zone.<\/p>\n

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In the commodities market, crude oil price was traded lower by 0.9% to $66.78 per barrel following an ease of geopolitical tensions between the U.S. and Syria. All in all, the losses was expected to be short-term following ongoing efforts made by the OPEC and non-OPEC to cut its global crude supplies. Likewise, gold price extended losses by 1.35% to $1338.35 a troy ounce following cooling of U.S.-Syria geopolitical tensions.<\/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

16:00\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 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 IEA Monthly Report<\/p>\n

20:00\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 Rosengren Speaks<\/p>\n

21:00\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 Bullard Speaks<\/p>\n

01:00 (Sat)\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 Kaplan Speaks<\/p>\n

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\u00a0<\/u><\/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
11:00<\/td>\nCNY \u2013 Trade Balance (USD) (Mar)<\/td>\n33.75B<\/td>\n27.21B<\/td>\n–<\/td>\n<\/tr>\n
14:00<\/td>\nEUR \u2013 German CPI (MoM) (Mar)<\/td>\n0.4%<\/td>\n0.4%<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 Trade Balance (Feb)<\/td>\n19.9B<\/td>\n20.2B<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 JOLTs Job Openings (Feb)<\/td>\n6.312M<\/td>\n6.220M<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Michigan Consumer Sentiment<\/td>\n101.4<\/td>\n100.8<\/td>\n–<\/td>\n<\/tr>\n
01:00<\/td>\nCrudeOIL \u2013 US Baker Hughes Oil Rig Count<\/td>\n808<\/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 following breakout at resistance level 1.4190. However, MACD that displays diminishing bullish momentum would suggest the pair to undergo short-term technical correction to trade lower.<\/p>\n

Resistance level: 1.4240, 1.4270<\/p>\n

Support level: 1.4190, 1.4160<\/p>\n


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

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EURUSD, H4: <\/strong>EURUSD was traded lower after breaking support level at 1.2330. Absence of significant signals from both candlestick pattern and MACD would suggest to wait for confirmation breakout to grasp the next movement of the pair in short-term.<\/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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher prior breaking resistance level at 107.00 MACD that portrays increasing bullish momentum would suggest the pair to extend its gains if breakout at the next resistance level 107.50 is successful.<\/p>\n

Resistance level: 107.50, 107.90<\/p>\n

Support level: 107.00, 106.70<\/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 traded lower following retracement from resistance level at 67.40. Death-cross as displayed by MACD signal line would suggest the commodity price to extend losses towards the support level at 66.60.<\/p>\n

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

Support level: 66.60, 66.20<\/p>\n

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

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GOLD_, H1: <\/strong>Gold price was traded higher prior breaking resistance by 200-MA line. It is currently testing to break resistance level at 1337.70. MACD that portrays a golden-cross would suggest the safe-haven asset price to trade higher if candlestick successfully closes above the said resistance level.<\/p>\n

Resistance level: 1337.70, 1342.50<\/p>\n

Support level: 1335.00, 1327.90<\/p>\n","protected":false},"excerpt":{"rendered":"

13 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 regains strength after Trump backtracked his aggressive stance.   Dollar index was traded higher against a weighted basket of major currencies by 0.30% to 89.43 as of writing following easing of tensions between the U.S. and Syria despite the release of weaker economic data in the region. […]<\/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\/26952"}],"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=26952"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/26952\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=26952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=26952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=26952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}