{"id":29502,"date":"2018-06-20T01:41:06","date_gmt":"2018-06-20T01:41:06","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=29502"},"modified":"2018-06-20T01:41:06","modified_gmt":"2018-06-20T01:41:06","slug":"200618-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/200618-daily-analysis\/","title":{"rendered":"200618 Daily Analysis"},"content":{"rendered":"

20 Jun 2018\u00a0\u00a0\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

Greenback rises amid US-China trade chronicle.<\/strong><\/span><\/p>\n

US dollar rebounds sharply on yesterday in the middle of US-China trade war saga amid large selloff in Euro and Pound Sterling. The dollar index extended its gains by 0.22% to 94.60 during early Asian trading session. Single common currency Euro remains under pressure since last week after European Central Bank President Mario Draghi calls to maintain monetary policy for the time being, signaling dovish guidance on future interest rate stance. On the other hand, Pound Sterling plunged to 7-months low of $1.3153 against the greenback after Prime Minister Theresa May failed to garner support for the proposal to hand over Brexit decision making to the parliament, stoking greater economic and political uncertainty in case of an impasses as Brexit dead line approaches. However, gains on the greenback were capped below the threshold of 95.00 as fear for full-blown trade war rises after China vowed to retaliate against Trump\u2019s suggestion to impose additional 10% tariff upon $200 billion Chinese goods on yesterday.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price pared its losses by 0.34% to $65.23 per barrel industrial data shows large draw in US crude stockpiles by 3.016 million barrels last week, stoking higher optimism towards tonight\u2019s official data from the Energy Information Administration. On the other hand, gold price tacks up 0.04% to $1,275.17 a troy ounce following mild risk aversion in the market due to ongoing political and trade uncertainty.<\/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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

N\/A<\/p>\n

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

21:30\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 \u00a0 Fed Chair Powell Speaks<\/p>\n

21:30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 ECB President Draghi Speaks<\/p>\n

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

Today\u2019s Highlight Economic Data<\/u><\/p>\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
18:00<\/td>\nGBP \u2013 CBI Industrial Trends Orders (Jun)<\/td>\n-3<\/td>\n1<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Existing Home Sales (May)<\/td>\n5.46M<\/td>\n5.55M<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n-4.143M<\/td>\n-1.898M<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Gasoline Inventories<\/td>\n-2.271M<\/td>\n0.188M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD extended its losses following prior breakout from the support level at 1.3235. Both MA lines which continues to expand downward suggests the pair to extend its bearish momentum, towards the direction of 1.3140.<\/p>\n

 <\/p>\n

Resistance level: 1.3185, 1.3235<\/p>\n

Support level: 1.3140, 1.3050<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD remains traded within a sideways channel while recently retraced from the 60-MA line (green). MACD histogram which illustrate diminishing upward momentum suggests the pair to extend its losses after closing below the 20-MA line (red).<\/p>\n

 <\/p>\n

Resistance level: 1.1645, 1.1710<\/p>\n

Support level: 1.1550, 1.1445<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded lower following prior retrace from the threshold of 110.10. MACD histogram which illustrate diminishing upward momentum suggests the pair to extend its losses after breaking the support level of 109.80.<\/p>\n

 <\/p>\n

Resistance level: 110.10, 110.25<\/p>\n

Support level: 109.80, 109.50<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price remains traded within a descending wedge following prior rebound from the lower level. Both MA histogram and Stochastic Oscillator which illustrate bullish signal suggest crude oil price to extend its gains after closing above the 20-MA line (red).<\/p>\n

 <\/p>\n

Resistance level: 65.75, 67.40<\/p>\n

Support level: 64.10, 62.90<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price extended losses following prior closure below the support level at 1275.80. However, MACD histogram which illustrate diminishing downward momentum may suggest its price to be traded higher in short-term as technical correction before continuing its major bearish bias.<\/p>\n

 <\/p>\n

Resistance level: 1275.80, 1285.20<\/p>\n

Support level: 1264.00, 1260.00<\/p>\n","protected":false},"excerpt":{"rendered":"

20 Jun 2018\u00a0\u00a0\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 rises amid US-China trade chronicle. US dollar rebounds sharply on yesterday in the middle of US-China trade war saga amid large selloff in Euro and Pound Sterling. The dollar index extended its gains by 0.22% to 94.60 during early Asian trading session. Single common currency Euro remains under […]<\/p>\n","protected":false},"author":25,"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\/29502"}],"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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=29502"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/29502\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=29502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=29502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=29502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}