{"id":27615,"date":"2018-05-02T02:00:33","date_gmt":"2018-05-02T02:00:33","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=27615"},"modified":"2018-05-02T02:24:45","modified_gmt":"2018-05-02T02:24:45","slug":"020518-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/020518-daily-analysis\/","title":{"rendered":"020518 Daily Analysis"},"content":{"rendered":"

02 May 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 hits 2018 highs ahead FOMC meeting minutes.<\/strong><\/p>\n

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Dollar index was traded higher against a trade-weighted basket of major currencies by 0.67% to 92.22 as of writing following weakness of its peers. Overnight, investors shrugged off the weaker ISM manufacturing index in U.S. that fell to a reading of 57.3 in April which has missed the economists\u2019 forecast for a reading of 58.6 following optimistic sentiment towards tax reform which correlates to accelerated depreciation of machinery and equipment that could boast factory activity this year. In addition, Greenback was able to stand on its ground following a slump in Pound Sterling attributed to a fall of UK manufacturing activity in April to its 17-month lows, last recorded at $1.3615. Meanwhile, investors will be eyed-on FOMC meeting minutes due 2a.m. (GMT +8) on this Thursday to grasp further indication on its monetary policy.<\/p>\n

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In the commodities market, crude oil price pared its gains by 0.3% to $67.35 per barrel following concerns over United States that may re-impose sanctions on the major oil exporter Iran. Likewise, gold price recovered its losses by 0.33% yet remained at its low level around $1307.40 a troy ounce while market participants await further signals from FOMC meeting.<\/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

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

02:00 (Thu)\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0USD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 FOMC Statement<\/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
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
06:45<\/td>\nNZD \u2013 Employment Change (QoQ) (Q1)<\/td>\n0.5%<\/td>\n0.4%<\/td>\n0.6%<\/td>\n<\/tr>\n
06:45<\/td>\nNZD \u2013 Unemployment Rate (Q1)<\/td>\n4.5%<\/td>\n4.5%<\/td>\n4.4%<\/td>\n<\/tr>\n
09:45<\/td>\nCNY \u2013 Caixin Manufacturing PMI (Apr)<\/td>\n51.0<\/td>\n50.9<\/td>\n51.1<\/td>\n<\/tr>\n
15:55<\/td>\nEUR \u2013 German Manufacturing PMI (Apr)<\/td>\n58.1<\/td>\n58.1<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Construction PMI (Apr)<\/td>\n47.0<\/td>\n50.9<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 GDP (QoQ)<\/td>\n2.7%<\/td>\n2.5%<\/td>\n–<\/td>\n<\/tr>\n
20:15<\/td>\nUSD \u2013 ADP Nonfarm Employment Change (Apr)<\/td>\n241K<\/td>\n194K<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n2.170M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Gasoline Inventories<\/td>\n0.840M<\/td>\n-0.625M<\/td>\n–<\/td>\n<\/tr>\n
02:00<\/td>\nUSD \u2013 Fed Interest Rate Decision<\/td>\n1.75%<\/td>\n1.75%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded lower prior breaking support level at 1.3610. However, MACD that displays a golden-cross would suggest the pair to trade higher if breakout at the previous low is successful.<\/p>\n

Resistance level: 1.3610, 1.3790<\/p>\n

Support level: 1.3450, 1.3300<\/p>\n

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

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded lower after breaking support level at 1.2050. MACD that displays a golden-cross would suggest the pair to undergo short-term technical correction to trade higher before continuing its bearish bias.<\/p>\n

Resistance level: 1.2050, 1.2100<\/p>\n

Support level: 1.1940, 1.1870<\/p>\n


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

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded lower prior retracement from the ascending trend line. MACD that displays a death-cross would suggest the pair to trade lower towards the support level at 109.70.<\/p>\n

Resistance level: 110.20, 110.90<\/p>\n

Support level: 109.70, 109.40<\/p>\n

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


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

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CrudeOIL, H1: <\/strong>Crude oil price was traded higher after rebound from support level at 67.00. MACD that shows a golden-cross would suggest the commodity price to extend higher towards the resistance level at 67.50.<\/p>\n

Resistance level: 67.50, 68.30<\/p>\n

Support level: 67.00, 66.10<\/p>\n

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\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 after breaking support level at 1307.40 and the safe-haven asset price is currently retesting the previous low level. MACD that displays a golden-cross would suggest the commodity price to trade higher if breakout is successful.<\/p>\n

Resistance level: 1307.40, 1315.70<\/p>\n

Support level: 1297.70, 1288.20<\/p>\n","protected":false},"excerpt":{"rendered":"

02 May 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 hits 2018 highs ahead FOMC meeting minutes.   Dollar index was traded higher against a trade-weighted basket of major currencies by 0.67% to 92.22 as of writing following weakness of its peers. Overnight, investors shrugged off the weaker ISM manufacturing index in U.S. that fell to a reading […]<\/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\/27615"}],"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=27615"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/27615\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=27615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=27615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=27615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}