{"id":31169,"date":"2018-07-27T01:14:34","date_gmt":"2018-07-27T01:14:34","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=31169"},"modified":"2018-07-27T01:14:34","modified_gmt":"2018-07-27T01:14:34","slug":"270718-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/270718-daily-analysis\/","title":{"rendered":"270718 Daily Analysis"},"content":{"rendered":"

27 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

Euro swims in red as Draghi strikes again.<\/strong><\/span><\/p>\n

Greenback stood tall against all other major peers on Thursday following broad sell off on the Euro amid dovish stance delivered by the European Central Bank (ECB) President Mario Draghi. As of writing, dollar index was quoted up 0.45% to 94.50 while pairing of EUR\/USD slumped 0.60% to $1.1638. In a highly anticipated ECB policy meeting on yesterday, Draghi postulate that it is not a necessity to \u201cmodify or add new language\u201d into the bank\u2019s interest rate forward guidance while reiterating to keep their rates unchanged up until summer of 2019. His seemingly dovish take on interest rate hike has delivered a severe bearish blow to the Euro as the signal suggests the ECB would be rather unlikely to hike their interest rate before October 2019. On the other hand, greenback remained resilient throughout the North American trading session despite weaker-than-expected economic data as investors place higher expectation towards their domestic economic growth for second quarter. According to US Commerce Department, Core Durable Goods Orders missed economist forecast with 0.4% versus 0.5% seen for the month of June.<\/p>\n

 <\/p>\n

Over to the commodities market, crude oil price settled up 0.03% to $69.50 per barrel as Saudi Arabia halts their oil shipment through Red Sea straits after two of its oil tankers were reportedly attacked by Houthi rebels. Otherwise, gold price ticked down 0.06% to $1,223.69 a troy ounce as stronger dollar places bearish pressure on the yellow metal.<\/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
07:30<\/td>\nJPY \u2013 Tokyo Core CPI (YoY) (Jul)<\/td>\n0.7%<\/td>\n0.7%<\/td>\n0.8%<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 GDP (QoQ) (Q2)<\/td>\n2.0%<\/td>\n4.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 GDP Price Index (QoQ) (Q2)<\/td>\n2.2%<\/td>\n2.3%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Michigan Consumer Sentiment (Jul)<\/td>\n97.1<\/td>\n97.1<\/td>\n–<\/td>\n<\/tr>\n
01:00<\/td>\nCrudeOIL \u2013 US Baker Hughes Oil Rig Count<\/td>\n858<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/u><\/p>\n


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

\u00a0<\/u><\/p>\n

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded lower following prior breakout from the upward trendline. Both MA line which continues to expand downward suggests the pair to extend its losses towards the direction of support level near 1.3070.<\/p>\n

 <\/p>\n

Resistance level: 1.3130, 1.3180<\/p>\n

Support level: 1.3070, 1.3000<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded lower following prior breakout from the support level near 1.1675. Both MA line which expand downward suggests bearish bias. However, a close below 1.1640 is required to attain further confirmation.<\/p>\n

 <\/p>\n

Resistance level: 1.1675, 1.1710<\/p>\n

Support level: 1.1640, 1.1620<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY remained under pressure following prior retracement from the downward trendline. MACD histogram which illustrate diminished upward momentum suggests the pair to extend its losses after closing below the 60-MA line (green).<\/p>\n

 <\/p>\n

Resistance level: 111.25, 111.95<\/p>\n

Support level: 110.70, 110.15<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price remains traded within an ascending channel while currently testing at the lower level. MACD histogram which has formed negative divergence signal suggest the commodity price to extend its losses towards the bottom level of the channel.<\/p>\n

 <\/p>\n

Resistance level: 70.00, 70.70<\/p>\n

Support level: 69.30, 68.85<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price was traded higher following prior rebound from the upward trendline. Although MACD illustrate bearish signal, close below the trendline and support of 1222.00 is required to attain further confirmation.<\/p>\n

 <\/p>\n

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

Support level: 1222.00, 1216.00<\/p>\n","protected":false},"excerpt":{"rendered":"

27 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   Euro swims in red as Draghi strikes again. Greenback stood tall against all other major peers on Thursday following broad sell off on the Euro amid dovish stance delivered by the European Central Bank (ECB) President Mario Draghi. As of writing, dollar index was quoted up 0.45% to 94.50 […]<\/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\/31169"}],"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=31169"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/31169\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=31169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=31169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=31169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}