{"id":27298,"date":"2018-04-25T07:57:03","date_gmt":"2018-04-25T07:57:03","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=27298"},"modified":"2018-04-25T07:57:03","modified_gmt":"2018-04-25T07:57:03","slug":"250418-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/250418-daily-analysis\/","title":{"rendered":"250418 Daily Analysis"},"content":{"rendered":"

25 April 2018\u00a0\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 faded over recession of U.S. treasury yields.<\/strong><\/p>\n

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Dollar index retreated from two-month highs against its major peers by 0.13% to 90.52 as of writing over the backdrop of fading U.S. treasury yields and the release of mixed economic data in the region. Overnight, new home sales was reported to achieve gains of 4% to a seasonally adjusted annual rate of 694,000 units which was better than the economists\u2019 forecast for 1.9% gains to 625,000 units. In addition, Conference Board Consumer Confidence data has recorded an increase of 1.7 to 128.7 versus the expected reading of 126. However, gains of the Greenback was pared following Richmond Fed manufacturing index that missed the expected reading of 16, last stood at 15. In addition, a retreat of the 10-year U.S. treasury yield from its key psychological level below 3% added bearish pressure on the Greenback.<\/p>\n

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In the commodities market, crude oil price fell 1.4% to $67.65 per barrel following market participants abandoning their bets on US Sanctions against Iran after the U.S. and France were reported to reach an agreement to preserve the Iran nuclear deal through 2025. Otherwise, gold recovered its losses by 0.66% to $1328.39 a troy ounce following retracement of the Greenback. However, gains of the safe-haven asset price was expected to be limited amid optimistic market sentiment towards the Federal Reserve to increase its rates in a more aggressive pace this year.<\/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 Event<\/strong><\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 AUD\/NZD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0ANZAC Day<\/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 Event<\/strong><\/p>\n

04:15 (Thu)\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 CAD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0BoC Gov Poloz Speaks<\/p>\n

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Today\u2019s Highlight Economy Data<\/u><\/p>\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
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n-1.071M<\/td>\n-1.429M<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Gasoline Inventories<\/td>\n-2.968M<\/td>\n-0.227M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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 <\/p>\n

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

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GBPUSD, H1: <\/strong>GBPUSD was traded higher after breaking resistance level at 1.3960. However, MACD that portrays diminishing bullish momentum would suggest the pair to undergo short-term technical correction to trade lower to retest its previous high.<\/p>\n

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Resistance level: 1.4020, 1.4090<\/p>\n

Support level: 1.3960, 1.3910<\/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 1.2240. Diminishing bullish momentum as shown by MACD would suggest the pair to extend its losses towards the support zone around 38.2 Fibonacci level.<\/p>\n

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Resistance level: 1.2240, 1.2290<\/p>\n

Support level: 1.2160, 1.2050<\/p>\n


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

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USDJPY, H1: <\/strong>USDJPY was traded higher prior rebound from trend line of ascending channel. MACD that portrays diminishing bearish momentum would suggest the pair to extend its gains towards the resistance level at 109.10.<\/p>\n

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Resistance level: 109.10, 109.70<\/p>\n

Support level: 108.50, 108.10<\/p>\n

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\u00a0<\/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 after breaking support level at 68.40. MACD that shows increasing bearish momentum would suggest the commodity price to extend its losses if breakout at the support level 67.70 is successful.<\/p>\n

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Resistance level: 68.40, 69.00<\/p>\n

Support level: 67.70, 67.20<\/p>\n

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


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

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

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GOLD_, H1: <\/strong>Gold price was traded higher after breaking resistance level at 1327.50. However, diminishing bullish momentum as shown by MACD would suggest the safe-haven asset price to extend its losses towards the support level at 1327.50.<\/p>\n

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Resistance level: 1334.30, 1338.80<\/p>\n

Support level: 1327.50, 1321.60<\/p>\n","protected":false},"excerpt":{"rendered":"

25 April 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis Dollar faded over recession of U.S. treasury yields. Dollar index retreated from two-month highs against its major peers by 0.13% to 90.52 as of writing over the backdrop of fading U.S. treasury yields and the release of mixed economic data in the region. Overnight, new home sales was reported 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\/27298"}],"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=27298"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/27298\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=27298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=27298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=27298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}