{"id":27090,"date":"2018-04-17T01:54:09","date_gmt":"2018-04-17T01:54:09","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=27090"},"modified":"2018-04-17T02:35:16","modified_gmt":"2018-04-17T02:35:16","slug":"170418-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/170418-daily-analysis\/","title":{"rendered":"170418 Daily Analysis"},"content":{"rendered":"

17 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 resumes his aggressive tweet, endless fall for the Dollar?<\/strong><\/p>\n

Dollar index was traded lower against a basket of major currencies by 0.39% to 89.04 as of writing following heightened geopolitical risks when an accusation was made by U.S. President Donald Trump towards China and Russia of currency devaluation. Overnight, the Greenback has failed to pare its losses despite retail sales data showing a better-than-expected reading of 0.6% versus 0.4% seen. The Greenback sell-off continues instead after the Empire State Manufacturing Index revealed an actual reading of 15.80 versus the economists\u2019 forecast of 18.80. All in all, the Greenback remained under pressure as investors await further development when U.S has announced to impose economic sanctions on Russia prior to its involvement in Syria\u2019s use of chemical weapons. On the contrary, GBP\/USD rose 0.58% to its 10-month highs at $1.4343, buoyed by optimistic market sentiment towards the Bank of England (BoE) to increase its interest rates as soon as next month.<\/p>\n

In the commodities market, crude oil price stabilized around $66.50 per barrel following market participants mulled over Syria related news while shifting their attention to the US sanctions on Russia and Iran. Otherwise, gold price extended gains by 0.07% to $1348.42 a troy ounce following the softening of the Greenback.<\/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

09:30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>AUD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0RBA Meeting Minutes<\/p>\n

21:15\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 Williams Speaks<\/p>\n

22:00\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 Quarles 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 Harker Speaks<\/p>\n

05:40\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 Bostic Speaks<\/p>\n

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\n<\/u><\/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\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
10:00<\/td>\nCNY \u2013 GDP (YoY) (Q1)<\/td>\n6.8%<\/td>\n6.8%<\/td>\n–<\/td>\n<\/tr>\n
10:00<\/td>\nCNY \u2013 Industrial Production (YoY) (Mar)<\/td>\n7.2%<\/td>\n6.4%<\/td>\n–<\/td>\n<\/tr>\n
12:30<\/td>\nJPY \u2013 Industrial Production (MoM) (Feb)<\/td>\n4.1%<\/td>\n4.0%<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Average Earnings Index + Bonus (Feb)<\/td>\n2.8%<\/td>\n3.0%<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Claimant Count Change (Mar)<\/td>\n9.2K<\/td>\n13.3K<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Employment Change 3M\/3M (MoM)<\/td>\n168.0K<\/td>\n55.0K<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP- Unemployment Rate (Feb)<\/td>\n4.3%<\/td>\n4.3%<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 German ZEW Economic Sentiment (Apr)<\/td>\n5.1<\/td>\n-0.8<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Building Permits (Mar)<\/td>\n1.321M<\/td>\n1.330M<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Housing Starts (Mar)<\/td>\n1.236M<\/td>\n1.269M<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 Manufacturing Sales (MoM) (Feb)<\/td>\n-1.0%<\/td>\n1.1%<\/td>\n–<\/td>\n<\/tr>\n
21:15<\/td>\nUSD \u2013 Industrial Production (MoM) (Mar)<\/td>\n0.9%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
04:30<\/td>\nCrudeOIL \u2013 API Weekly Crude Oil Stock<\/td>\n1.758M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded higher after breaking resistance level at 1.4290. However, death-cross as displayed by MACD signal line would suggest the pair to undergo short-term technical correction to trade lower before continuing its bullish bias.<\/p>\n

Resistance level: 1.4370, 1.4560<\/p>\n

Support level: 1.4290, 1.4230<\/p>\n


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

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher after gaining its support at 1.2350. MACD that portrays ongoing bullish momentum would suggest the pair to extend its gains if candlestick successfully closes above resistance level at 1.2380.<\/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, H4: <\/strong>USDJPY was traded lower prior retracement from resistance level at 107.50 and the pair is currently testing the support level at 107.00. MACD that shows increasing bearish momentum would suggest the pair to extend its losses if breakout at the said support level is successful.<\/p>\n

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

Support level: 107.00, 106.70 \u00a0<\/strong><\/p>\n


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

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher prior rebound from support level at 66.10. Golden-cross as shown by MACD signal line would suggest the commodity price to extend its gains if breakout at the 50.0 Fibonacci level is successful.<\/p>\n

Resistance level: 66.60, 67.40<\/p>\n

Support level: 66.10, 65.80<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher after breaking resistance level at 1346.40. MACD that portrays ongoing bullish momentum would suggest the safe-haven asset price to extend its gains towards the resistance level at 1354.75.<\/p>\n

Resistance level: 1354.75, 1361.15<\/p>\n

Support level: 1346.40, 1340.90<\/p>\n","protected":false},"excerpt":{"rendered":"

17 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 resumes his aggressive tweet, endless fall for the Dollar? Dollar index was traded lower against a basket of major currencies by 0.39% to 89.04 as of writing following heightened geopolitical risks when an accusation was made by U.S. President Donald Trump towards China and Russia of currency […]<\/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\/27090"}],"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=27090"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/27090\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=27090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=27090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=27090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}