{"id":32813,"date":"2018-09-12T04:04:53","date_gmt":"2018-09-12T04:04:53","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=32813"},"modified":"2018-09-12T04:04:53","modified_gmt":"2018-09-12T04:04:53","slug":"120918-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/120918-daily-analysis\/","title":{"rendered":"120918 Daily Analysis"},"content":{"rendered":"

12 September\u00a0\u00a0\u00a0\u00a0 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis<\/strong><\/p>\n

 <\/p>\n

Dollar falls amid easing of NAFTA talks. \u00a0\u00a0\u00a0<\/strong><\/p>\n

Dollar index fell by 0.08% to 94.70 at early Asian trading session amid US President Donald Trump\u2019s comment on the ongoing NAFTA negotiations whereby he stated that both sides are operating in good faith with the trade talks going well and Canada is ready to make a deal. The dollar traded lower amid sources from Canada stated that Ottawa was ready to offer the US limited access to the Canadian dairy market as a concession in negotiations in remaking the NAFTA. Besides that, the greenback\u2019s fall was also due to the increasing tension of trade wars between the US and China as President Donald Trump stated last Friday that he was ready to impose additional $267 billion on Chinese goods. Investors had since lost faith and confidence towards the dollar, being afraid that the trade war will not end well for either countries. In other news, the Canada dollar was seen stronger amid the smoother NAFTA negotiations whereby Canada had offer US access to Canadian dairy market as concession in negotiations. The stronger Loonie was also due to comments from US President Donald Trump regarding that the trade talks are going well and Canada was ready to make a deal. The pair USDCAD increased by 0.03% to 1.3070 as of writing.<\/p>\n

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

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>As for the commodities market, crude oil price increased by 0.26% to $70.00 per barrel as the crude inventories are falling. Besides that, the price of crude oil was also pushed up by the Hurricane Florence which is expected to cause shortages in fuel. On the other hand, gold price continues to fall by 0.33% to $1194.65 per troy ounce as the dollar is still maintaining its strength amid the NAFTA negotiations and trade war with China.<\/p>\n

 <\/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\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\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 FOMC Member Bullard Speaks
\n\u00a0<\/u><\/p>\n

Todays\u2019 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
20:30<\/td>\nUSD \u2013 PPI (MoM) (Aug)<\/td>\n0.0%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nUSD \u2013 Crude Oil Inventories<\/td>\n-4.302M<\/td>\n-0.805M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded lower following prior breakout below the previous support level 1.3020. Recent price movement and MACD which illustrate a bearish momentum suggest the pair to extend its losses towards the support level 1.2975.<\/p>\n

 <\/p>\n

Resistance level: 1.3020, 1.3085<\/p>\n

Support level: 1.2975, 1.2945<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded lower following prior retracement from the resistance level 1.1605. Recent price movement and MACD which illustrate a bearish momentum and the formation of a death cross suggest the pair to extend its retracement towards the support level 1.1580.<\/p>\n

 <\/p>\n

Resistance level: 1.1605, 1.1625<\/p>\n

Support level: 1.1580, 1.1530<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded lower following prior retracement from the resistance level 111.60 while currently breaking below the support level 111.45. Recent price action and MACD which display a bearish momentum and formation of a death cross suggest the pair to extend its losses towards the support level 111.20.<\/p>\n

 <\/p>\n

Resistance level: 111.45, 111.60<\/p>\n

Support level: 111.20, 110.90<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was recently traded higher following prior breakout above the previous resistance level 69.80. Recent price movement and MACD which illustrate persistent bullish momentum suggest the commodity to extend its gains towards the resistance level 70.30.<\/p>\n

 <\/p>\n

Resistance level: 70.30, 71.05<\/p>\n

Support level: 69.80, 69.10<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD, H1: <\/strong>Gold price was traded lower following prior breakout below the previous support level 1196.00. Recent price action and MACD which illustrate bearish momentum and the formation of a death cross suggest the commodity to extend its losses towards the support level 1191.10.<\/p>\n

 <\/p>\n

Resistance level: 1196.00, 1198.95<\/p>\n

Support level: 1191.10, 1186.80<\/p>\n

\u00a0<\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

12 September\u00a0\u00a0\u00a0\u00a0 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Dollar falls amid easing of NAFTA talks. \u00a0\u00a0\u00a0 Dollar index fell by 0.08% to 94.70 at early Asian trading session amid US President Donald Trump\u2019s comment on the ongoing NAFTA negotiations whereby he stated that both sides are operating in good faith with the trade talks going well and […]<\/p>\n","protected":false},"author":20,"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\/32813"}],"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\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=32813"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/32813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=32813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=32813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=32813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}