{"id":31056,"date":"2018-07-25T01:12:46","date_gmt":"2018-07-25T01:12:46","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=31056"},"modified":"2018-07-25T01:12:46","modified_gmt":"2018-07-25T01:12:46","slug":"250718-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/250718-daily-analysis\/","title":{"rendered":"250718 Daily Analysis"},"content":{"rendered":"

25 July 2018\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

Dollar skids while GDP in tow.<\/strong><\/span><\/p>\n

Greenback halts its bullish ascend on yesterday amid mixed signals portrayed by the recent release of economic from the region. The dollar index depreciates by 0.06%, last quoted around 94.33 as of writing. According to Market, US Manufacturing PMI expands further during the month of July, attaining a reading of 55.5 versus forecast for a decline to 55.1 However, US Services PMI \u2013 one of the main contribution to the American\u2019s economy fell marginally short of forecast with only 56.2 versus expectation of 56.5. Overall, losses on the greenback was limited as the mixed data failed to derail investor\u2019s speculation for a strong economic growth during the second quarter. On the other hand, pair of GBP\/USD ticked up 0.03% to $1.3148 during Asian session. Pound sterling recovered slightly on yesterday after British Prime Minister Theresa May announced that she will lead Brexit negotiation with the European Union. The announcement has increased market expectation that United Kingdom may reach a desirable Brexit deal after months of impasses in both Britain\u2019s Parliament and European Union.<\/p>\n

 <\/p>\n

Over to the commodities market, crude oil price tumbled 0.09% to $69.89 per barrel despite positive inventory data from American Petroleum Institute as investors weigh the possibility of a crude demand slowdown due to ongoing trade war between US and China. On the other hand, gold price pared its losses by 0.08% to $1,225.49 a troy ounce amid recent weakness of the greenback.<\/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

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economy Data<\/u><\/p>\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
09:30<\/td>\nAUD \u2013 CPI (QoQ) (Q2)<\/td>\n0.4%<\/td>\n0.5%<\/td>\n–<\/td>\n<\/tr>\n
16:00<\/td>\nEUR \u2013 German Ifo Business Climate Index<\/td>\n101.8<\/td>\n101.6<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Gross Mortgage Approvals<\/td>\n39.2K<\/td>\n39.0K<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 New Home Sales (Jun)<\/td>\n689K<\/td>\n670K<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n5.836M<\/td>\n-2.331M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD extended gains following prior rebound and a close above 1.3130. Although both MA line and MACD illustrate bullish signal, a breakout from the downward trendline is required to obtain further clarification with regards to the upside bias.<\/p>\n

 <\/p>\n

Resistance level: 1.3180, 1.3270<\/p>\n

Support level: 1.3130, 1.3070<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD remains traded within a narrowing triangle following recent rebound from the lower level. Due to the lack of signal from price action and MACD histogram, it is suggested to wait for a breakout from either side of the triangle before entering the market.<\/p>\n

 <\/p>\n

Resistance level: 1.1710, 1.1750<\/p>\n

Support level: 1.1675, 1.1640<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY remains traded within a narrowing triangle while currently testing near the upper level. Although MACD has formed a bullish crossover which suggests upside signal, a break above the narrowing triangle is required to obtain further clarification.<\/p>\n

 <\/p>\n

Resistance level: 111.95, 112.20<\/p>\n

Support level: 111.25, 110.70<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher following prior re-entry into the ascending channel. However, diminishing upward momentum from the MACD may suggests the commodity price to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 69.30, 70.00<\/p>\n

Support level: 68.40, 67.90<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price remains traded within a narrowing triangle while currently testing at the top level. Due to the lack of signal from price action and MACD, it is suggested to wait for further indication before entering the market.<\/p>\n

 <\/p>\n

Resistance level: 1226.50, 1233.70<\/p>\n

Support level: 1222.00, 1216.00<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

25 July 2018\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   Dollar skids while GDP in tow. Greenback halts its bullish ascend on yesterday amid mixed signals portrayed by the recent release of economic from the region. The dollar index depreciates by 0.06%, last quoted around 94.33 as of writing. According to Market, US Manufacturing PMI expands further during the […]<\/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\/31056"}],"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=31056"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/31056\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=31056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=31056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=31056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}