{"id":31677,"date":"2018-08-08T04:23:44","date_gmt":"2018-08-08T04:23:44","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=31677"},"modified":"2018-08-08T04:23:44","modified_gmt":"2018-08-08T04:23:44","slug":"080818-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/080818-daily-analysis\/","title":{"rendered":"080818 Daily Analysis"},"content":{"rendered":"

8 August 2018\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 retreats amid Jolts Jobs Opening data release.<\/strong><\/span><\/p>\n

Dollar index has retreat from its gains after the release of JOLTS jobs opening data on yesterday night. According to the US Bureau of Labor Statistics which assist in measure job openings, the data has disappoint investors as the reading was weaker than forecast with 6.662M against economists forecast of 6.740m, thus the data has weaken the risk sentiment for the dollar. Investor will now shift their attention towards the next economic data that scheduled this week, especially for US CPI data that is on this Friday. The dollar index has slumped 0.01% to 95.12 as of writing. Meanwhile, USD\/CAD rose as the release of its data economy Ivey PMI disappoints. According to the Richard Ivey School of Business which assist in recording overall economy conditions for business, the data has come worse than expectation, with the reading of 61.8 against market forecast of 64.2. The data has hinted the business growth in Canada has slumped, thus boosting the weakness for the Canadian dollar Loonie. USDCAD rose 0.03% to 1.3056.<\/p>\n

 <\/p>\n

In the commodities market, the price of crude oil has jumped 0.22% to $69.23 amid rising concerns of market supply outage With the plans of US sanction on Iran\u2019s crude oil, the first phase of the sanction has been executed on yesterday while the second phase is expected to happen on early November. The sanctions may cause shortage issues for the commodities thus boosting the sentiment and price for the crude oil. On the other hand, the price of gold has rebound 0.22% to $1213.48 a troy ounce following the strength of the US dollar which is now weaken by the slumped jobs data therefore boosting the yellow metal appeals as safe haven asset.<\/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 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 Market <\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>Event<\/strong><\/p>\n

11.05\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\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 Governor RBA Speaks<\/p>\n

 <\/p>\n


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

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

Today\u2019s Highlight Economy Data<\/u><\/p>\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 – Home Loans (MoM)(Jun)<\/td>\n1.1%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
22.30<\/td>\nCrudeOIL – Crude Oil Inventories<\/td>\n3.803M<\/td>\n-1.800M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD remain traded in a descending channel following recent retracement from the resistance level 1.2970 and the top level of the channel. MACD which display bearish signal suggest the pair may be traded lower after it break below the support level 1.2920.<\/p>\n

 <\/p>\n

Resistance level: 1.2970, 1.3025<\/p>\n

Support level: 1.2920, 1.2850<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4:<\/strong> EURUSD was traded higher following recent breakout above the resistance level 1.1605. Recent price action and MACD which display bullish momentum signal with golden cross formation suggest the pair may extends its gains towards the next resistance level 1.1625.<\/p>\n

 <\/p>\n

Resistance level: 1.1625, 1.1655<\/p>\n

Support level: 1.1605, 1.1580<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1:<\/strong> USDJPY was traded higher following recent breakout above the resistance level 111.25. Price action and MACD which illustrate bullish momentum with golden cross formation suggest the pair may extends its gains after it breaks above the trend line.<\/p>\n

 <\/p>\n

Resistance level: 111.55, 111.90<\/p>\n

Support level: 111.25, 111.00<\/p>\n

 <\/p>\n


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

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

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

\"\"<\/p>\n

CrudeOIL, H1:<\/strong> The price of crude oil remain traded in a sideway channel while currently testing the resistance level 69.25. MACD which display diminished bearish momentum suggest the pair may be traded higher after it breaks above the resistance level 69.25.<\/p>\n

 <\/p>\n

Resistance level: 69.25, 69.80<\/p>\n

Support level: 68.75, 67.90
\n<\/u><\/strong><\/p>\n

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

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

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price remain traded in symmetrical triangle following prior rebound from the bottom level of the triangle. Recent price action and MACD which signals bullish momentum with golden cross formation suggest the pair may be traded higher towards the top of the triangle.<\/p>\n

 <\/p>\n

Resistance level: 1213.00, 1218.00<\/p>\n

Support level: 1206.00, 1200.00<\/p>\n","protected":false},"excerpt":{"rendered":"

8 August 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Dollar retreats amid Jolts Jobs Opening data release. Dollar index has retreat from its gains after the release of JOLTS jobs opening data on yesterday night. According to the US Bureau of Labor Statistics which assist in measure job openings, the data has disappoint investors as the reading was […]<\/p>\n","protected":false},"author":44,"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\/31677"}],"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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=31677"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/31677\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=31677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=31677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=31677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}