{"id":27392,"date":"2018-04-26T01:48:41","date_gmt":"2018-04-26T01:48:41","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=27392"},"modified":"2018-04-26T01:48:41","modified_gmt":"2018-04-26T01:48:41","slug":"260418-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/260418-daily-analysis\/","title":{"rendered":"260418 Daily Analysis"},"content":{"rendered":"

26 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

 <\/p>\n

Dollar rises above 90.0 key level following steeper yield curve.<\/strong><\/p>\n

 <\/p>\n

Dollar index was traded higher against a trade-weighted basket of major currencies by 0.45% to 90.95 as of writing following a rise in U.S. bond yields above 3%. Overnight, the Greenback poised higher after the 10-year US treasury yield edged higher towards its 4-year highs. According to one of the largest bank by market capitalization \u2013 Wells Fargo, a robust economic growth coupled with core inflation reaching its 2% target could serve as a catalyst for the Federal Reserve to increase its interest rates at a more aggressive pace. On the contrary, EUR\/USD was down 0.39% to $1.2170 as market participants remain cautious towards the European Central Bank (ECB)\u2019s monetary policy meeting due tonight to gauge signals from the officials on the economic outlook in the European zone.<\/p>\n

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In the commodities market, crude oil price rose 0.5% to $68.34 per barrel following worries over supply disruptions in Venezuela with its output reduced from 2.5 million bpd to around 1.5 million bpd attributed to political and economic turmoil in the South American country. Otherwise, gold price slumped 0.74% to $1322.85 a troy ounce following solid growth in the U.S. treasury yields which supported the dollar.<\/p>\n

 <\/p>\n

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

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 Event<\/strong><\/p>\n

20:30\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EUR\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0ECB Press Conference<\/p>\n

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Today\u2019s Highlight Economy Data<\/u><\/p>\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
14:00<\/td>\nEUR \u2013 Gfk German Consumer Climate (May)<\/td>\n10.9<\/td>\n10.9<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Gross Mortgage Approvals<\/td>\n38.1K<\/td>\n37.1K<\/td>\n–<\/td>\n<\/tr>\n
19:45<\/td>\nEUR \u2013 ECB Marginal Lending Facility<\/td>\n0.25%<\/td>\n0.25%<\/td>\n–<\/td>\n<\/tr>\n
19:45<\/td>\nEUR \u2013 ECB Interest Rate Decision (Apr)<\/td>\n0.00%<\/td>\n0.00%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Durable Goods Orders (MoM) (Mar)<\/td>\n1.0%<\/td>\n0.5%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Goods Trade Balance (Mar)<\/td>\n-75.88B<\/td>\n-74.80B<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n232K<\/td>\n235K<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded higher prior rebound from support level at 1.3910. Golden-cross as displayed by MACD signal line would suggest the pair to extend its gains towards the resistance level at 1.3960.<\/p>\n

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Resistance level: 1.3960, 1.4020<\/p>\n

Support level: 1.3910, 1.3860<\/p>\n


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

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded higher prior gaining its support at 38.2 Fibonacci level. Golden-cross as shown by MACD signal line would suggest the pair to undergo short-term technical correction to trade higher before continuing its bearish bias.<\/p>\n

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

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


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

 <\/p>\n

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

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USDJPY, D1: <\/strong>USDJPY was traded higher after breaking resistance level at 109.20. MACD that shows increasing bullish momentum would suggest the pair to extend its gains towards the next resistance level at 109.70.<\/p>\n

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Resistance level: 109.70, 110.20<\/p>\n

Support level: 109.20, 108.50<\/p>\n

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


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

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher after breaking resistance level at 67.70. MACD that shows increasing bullish momentum would suggest the commodity price to continue its gains if breakout at the next resistance level 68.40 is successful.<\/p>\n

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

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

 <\/p>\n

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


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

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

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

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GOLD_, H1: <\/strong>Gold price was traded lower prior retracement from resistance level at 1329.70. MACD that shows diminishing bullish momentum would suggest the safe-haven\u00a0asset price to extend its losses if breakout at the support level 1321.30 is successful.<\/p>\n

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Resistance level: 1329.70, 1340.30<\/p>\n

Support level: 1321.30, 1313.90<\/p>\n","protected":false},"excerpt":{"rendered":"

26 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 rises above 90.0 key level following steeper yield curve.   Dollar index was traded higher against a trade-weighted basket of major currencies by 0.45% to 90.95 as of writing following a rise in U.S. bond yields above 3%. Overnight, the Greenback poised higher after the 10-year US treasury […]<\/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\/27392"}],"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=27392"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/27392\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=27392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=27392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=27392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}