{"id":33115,"date":"2018-09-20T06:05:02","date_gmt":"2018-09-20T06:05:02","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=33115"},"modified":"2018-09-20T06:05:02","modified_gmt":"2018-09-20T06:05:02","slug":"200918-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/200918-daily-analysis\/","title":{"rendered":"200918 Daily Analysis"},"content":{"rendered":"

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

 <\/p>\n

Dollar falls amid increasing tension in trade war.<\/strong><\/p>\n

The dollar fell by 0.05% to 94.00 at early Asian trading session against a basket of six major currencies while hitting a seven-week low yesterday amid the increasing tension of trade war where both the US and China had imposed tariffs on each other\u2019s goods. US President Donald Trump announced a 10% tariff on $200 billion goods from China this Monday followed by a threat to impose another round of tariff if China were to retaliate. The trade war continued as China also announced tariff on $60 billion goods from US as a sign of retaliation. Although the tariffs imposed was less than the expectations of investors, attention will be focused on Trump\u2019s next move in the trade war as a sentiment for the dollar. In other news, the pound sterling fluctuated vigorously yesterday amid the releasement of UK\u2019s CPI for the month of August as well as the comments from EU Commission President, Jean-Claude Juncker where he stated that the EU and UK were still far away from a Brexit agreement followed by UK President Theresa May\u2019s rejection for a second referendum. The positive sentiment from UK\u2019s CPI led the pound to an increased before plunging down after the poor sentiment from Brexit news.<\/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 edged up by 0.29% to $71.20 per barrel amid the decreased in US crude oil inventories followed by signals where OPEC may not raise output in relation to reducing supplies from Iran. On the other hand, gold price increased by 0.14% to $1205.40 per troy ounce as dollar index continues to plunge.<\/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

15:30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CHF\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 SNB Monetary Policy Assessment
\nTodays\u2019 Highlight Economy 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
15:30<\/td>\nCHF \u2013 SNB Interest Rate Decision<\/td>\n-0.75%<\/td>\n-0.75%<\/td>\n–<\/td>\n<\/tr>\n
16:30<\/td>\nGBP \u2013 Retail Sales (MoM) (Aug)<\/td>\n0.7%<\/td>\n-0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Philadelphia Fed Manufacturing Index (Sep)<\/td>\n11.9<\/td>\n17.0<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Existing Home Sales (Aug)<\/td>\n5.34M<\/td>\n5.35M<\/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 was traded higher following prior breakout above the previous resistance level 1.3145. MACD which illustrate bullish momentum and the starting formation of golden cross suggest the pair to extend its gains towards the resistance level 1.3195.<\/p>\n

 <\/p>\n

Resistance level 1.3195, 1.3285
\nSupport level: 1.3145, 1.3085<\/p>\n

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

 <\/p>\n

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

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower following prior retracement from the resistance level 1.1690. MACD which display bearish momentum suggest the pair to extend its retracement towards the support level 1.1645.<\/p>\n

 <\/p>\n

Resistance level: 1.1690, 1.1730<\/p>\n

Support level: 1.1645, 1.1615<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was recently traded lower following prior breakout below the previous support level 112.20. MACD which illustrate bearish momentum and the formation of a death cross suggest the pair to extend its losses towards the support level 111.95.<\/p>\n

 <\/p>\n

Resistance level: 112.20, 112.60<\/p>\n

Support level: 111.95, 111.65<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was recently traded higher while currently testing the resistance level 71.25. MACD which illustrate persistent bullish momentum suggest the commodity to extend its gains after a breakout above the resistance level 71.25<\/p>\n

 <\/p>\n

Resistance level: 71.25, 72.40<\/p>\n

Support level: 70.45, 69.50<\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

GOLD, H4: <\/strong>Gold price was recently traded higher following prior breakout above the previous resistance level 1203.30. Recent price action and MACD which display bullish bias suggest the commodity to extend its gains towards the resistance level 1207.80.<\/p>\n

 <\/p>\n

Resistance level: 1207.80, 1212.70<\/p>\n

Support level: 1203.00, 1196.00<\/p>\n","protected":false},"excerpt":{"rendered":"

20 September\u00a0\u00a0\u00a0\u00a0 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Daily Analysis   Dollar falls amid increasing tension in trade war. The dollar fell by 0.05% to 94.00 at early Asian trading session against a basket of six major currencies while hitting a seven-week low yesterday amid the increasing tension of trade war where both the US and China had imposed tariffs […]<\/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\/33115"}],"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=33115"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/33115\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=33115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=33115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=33115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}