{"id":28025,"date":"2018-05-15T01:57:47","date_gmt":"2018-05-15T01:57:47","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=28025"},"modified":"2018-05-15T01:58:25","modified_gmt":"2018-05-15T01:58:25","slug":"150518-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/150518-daily-analysis\/","title":{"rendered":"150518 Daily Analysis"},"content":{"rendered":"

15 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

Greenback rebounds following a rising U.S. bond yields.<\/strong><\/p>\n

Greenback was traded higher against a basket of major currencies by 0.1% to 92.45 following an uptick in U.S. bond yields as U.S. \u2013 China trade tensions eased. Overnight, the benchmark 10-year U.S. Treasury yield rose 2 basis points to 2.999% in the wake of U.S. President Donald Trump\u2019s pledge to help Chinese telecommunications company namely ZTE Corp. The latter was being penalized for violating U.S. sanctions with Iran. The rise in U.S. Treasury yields highlighted wide interest rate gap between the U.S. and the other developed countries which has led to an overall optimistic market outlook towards a stronger dollar in near future. On the contrary, USD\/CAD fell 0.20% to $1.2764 following recent surge in the oil prices attributed to a bullish outlook of the OPEC report released yesterday.<\/p>\n

In the commodities market, crude oil price extended gains by 26 cents to $71.03 per barrel after OPEC monthly report has shown a fall of oil inventories in developed nations by 9 million barrels, implying its strong compliance with the output cut agreement. Otherwise, gold price fell by 0.30% to $1314.04 a troy ounce amid an uptick in U.S. bond yields.<\/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

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

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

17:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 GBP \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Inflation Report Hearings<\/p>\n


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

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 Industrial Production (YoY) (Apr)<\/td>\n6.0%<\/td>\n6.4%<\/td>\n–<\/td>\n<\/tr>\n
10:00<\/td>\nCNY \u2013 Retail Sales (YoY) (Apr)<\/td>\n10.1%<\/td>\n10.0%<\/td>\n–<\/td>\n<\/tr>\n
14:00<\/td>\nEUR \u2013 German GDP (QoQ) (Q1)<\/td>\n0.6%<\/td>\n0.4%<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Average Earnings Index + Bonus (Mar)<\/td>\n2.8%<\/td>\n2.7%<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Claimant Count Change (Apr)<\/td>\n11.6K<\/td>\n13.3K<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Unemployment Rate (Mar)<\/td>\n4.2%<\/td>\n4.2%<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 German ZEW Economic Sentiment (May)<\/td>\n-8.2<\/td>\n-8.0<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 GDP (QoQ) (Q1)<\/td>\n0.4%<\/td>\n0.4%<\/td>\n–<\/td>\n<\/tr>\n
17:00<\/td>\nEUR \u2013 ZEW Economic Sentiment<\/td>\n1.9<\/td>\n2.0<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Retail Sales (MoM) (Apr)<\/td>\n0.2%<\/td>\n0.5%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Retail Sales (MoM) (Apr)<\/td>\n0.6%<\/td>\n0.4%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Business Inventories (MoM) (Apr)<\/td>\n0.6%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
04:30<\/td>\nCrudeOIL \u2013 API Weekly Crude Oil Stock<\/td>\n-1.850M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded higher prior rebound from 200-MA line within an ascending wedge. MACD signal line that hovers above the neutral line would suggest bullish bias for the pair yet a golden-signal is required to verify the indication.<\/p>\n

Resistance level: 1.3600, 1.3660<\/p>\n

Support level: 1.3550, 1.3500<\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded higher prior rebound from 200-MA line. An upward twist of MACD signal line would suggest the pair on bullish bias yet a breakout above the resistance level at 1.1940 is required to verify the signal.<\/p>\n

Resistance level: 1.1940, 1.1960<\/p>\n

Support level: 1.1910, 1.1880<\/p>\n


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

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher prior breaking resistance level at 109.60. Golden-cross as displayed by MACD signal line would suggest the pair to extend its gains towards the next resistance level at 110.00 if current candlestick successfully closes above its previous high.<\/p>\n

Resistance level: 110.00, 110.40<\/p>\n

Support level: 109.60, 109.30<\/p>\n

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


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

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher prior rebound from support level at 70.65. However, MACD signal line that is about to form a death-cross would suggest the pair to undergo short-term technical correction to trade lower to retest its previous high.<\/p>\n

Resistance level: 71.60, 73.60<\/p>\n

Support level: 70.65, 69.75<\/p>\n

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


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

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

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price was traded lower after breaking 200-MA line. However, MACD signal line that hovers upward would suggest the safe-haven asset price to undergo short-term technical correction to trade higher if candlestick successfully closes above the MA line.<\/p>\n

Resistance level: 1316.40, 1323.20<\/p>\n

Support level: 1310.50, 1304.60<\/p>\n","protected":false},"excerpt":{"rendered":"

15 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 Greenback rebounds following a rising U.S. bond yields. Greenback was traded higher against a basket of major currencies by 0.1% to 92.45 following an uptick in U.S. bond yields as U.S. \u2013 China trade tensions eased. Overnight, the benchmark 10-year U.S. Treasury yield rose 2 basis points to 2.999% in […]<\/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\/28025"}],"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=28025"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/28025\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=28025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=28025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=28025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}