{"id":33518,"date":"2018-09-27T08:44:13","date_gmt":"2018-09-27T08:44:13","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=33518"},"modified":"2018-09-27T08:44:13","modified_gmt":"2018-09-27T08:44:13","slug":"270918-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/270918-afternoon-session-analysis\/","title":{"rendered":"270918 Afternoon Session Analysis"},"content":{"rendered":"

27 September 2018\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 Afternoon Session Analysis<\/strong><\/p>\n

 <\/p>\n

Dollar surged in reacting to Fed\u2019s rate hike. \u00a0<\/strong><\/p>\n

Dollar index surged to new high since last week after US Federal Reserve raised their interest rates as expected for the eighth time, achieving the forecasted value of 2.25% compared to the previous interest rate of 2.00% while at the same time removing its\u2019 \u2018accommodative\u2019 policy which provided positive sentiment to investors as they will expect another rate hike by the end of this year. The dollar increased by 0.34% to 94.10 as of writing. On the other hand, New Zealand\u2019s Kiwi fell by 0.30% to 0.6640 as of writing. Reserve Bank of New Zealand (RBNZ) maintained their interest rate unchanged at record low of 1.75% where it is expected to remains the same throughout 2019 and 2020. However, due to the risks of their growth outlook, RBNZ Governor Adrian Orr stated that the rate might change according to current economy situation and gloomy business confidence which possess the chance of hurting overall investment and economic growth.<\/p>\n

 <\/p>\n

As for the commodities market, crude oil price increased by 0.57% to $72.40 per barrel after US ruled out the usage of emergency crude reserve that may offset the lack of crude supply from Iran. On the other hand, gold price fell by 0.33% to $1194.00 as dollar surges from the late reaction of investors towards yesterday\u2019s Fed rate hike.<\/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\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

Tentative\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 CrudeOIL\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 OPEC Meeting<\/p>\n

21:30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR\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 ECB President Draghi Speaks<\/p>\n

22:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 GBP\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 BoE Gov Carney Speaks<\/p>\n

04:30 (28th<\/sup>)\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 Fed Chair Powell Speaks<\/p>\n

05:45\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CAD\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 BoC Gov Poloz Speaks<\/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
14:00<\/td>\nEUR \u2013 GfK German Consumer Climate (Oct)<\/td>\n10.5<\/td>\n10.6<\/td>\n–<\/td>\n<\/tr>\n
20:00<\/td>\nEUR \u2013 German CPI (MoM) (Sep)<\/td>\n0.1%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Durable Goods Orders (MoM) (Aug)<\/td>\n0.1%<\/td>\n0.4%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 GDP (QoQ) (Q2)<\/td>\n4.2%<\/td>\n4.2%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Pending Home Sales (MoM) (Aug)<\/td>\n-0.7%<\/td>\n-0.2%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded higher following prior breakout above the previous resistance level 93.90. MACD which illustrate persistent bullish momentum suggest the dollar to extend its gains towards the resistance level 94.30.<\/p>\n

 <\/p>\n

Resistance level: 94.30, 94.80<\/p>\n

Support level: 93.90, 93.40<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded lower following prior retracement from the resistance level 1.3175. Recent price action and MACD which display persistent bearish momentum suggest the pair to extend its losses towards the support level 1.3100.<\/p>\n

 <\/p>\n

Resistance level: 1.3175, 1.3215<\/p>\n

Support level: 1.3100, 1.3055<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded lower while currently testing near the support level 1.1690. MACD which illustrate bearish momentum suggest the pair to extend its losses after a breakout below the support level 1.1690.<\/p>\n

 <\/p>\n

Resistance level: 1.1730, 1.1770<\/p>\n

Support level: 1.1690, 1.1645<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded lower following prior retracement from the resistance 112.85. Recent price action and MACD which illustrate persistent bearish momentum suggest the pair to extend its losses towards the support level 112.50.<\/p>\n

 <\/p>\n

Resistance level: 112.85, 113.10<\/p>\n

Support level: 112.50, 112.20<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower while currently testing near the support level 0.7215. MACD which illustrate bearish momentum suggest the pair to extend its losses after a breakout below the support level 0.7215.<\/p>\n

 <\/p>\n

Resistance level: 0.7295, 0.7355<\/p>\n

Support level: 0.7215, 0.7135<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower while currently testing near the support level 0.6635. MACD which display bearish momentum suggest the pair to extend its losses after a breakout below the support level 0.6635.<\/p>\n

 <\/p>\n

Resistance level: 0.6690, 0.6765<\/p>\n

Support level: 0.6635, 0.6595<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was recently traded higher while currently testing near the resistance level 1.3045. MACD which illustrate bullish momentum suggest the pair to extend its gains after a breakout above the resistance level 1.3045.<\/p>\n

 <\/p>\n

Resistance level: 1.3045, 1.3105<\/p>\n

Support level: 1.2975, 1.2900<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H1: <\/strong>USDCHF was traded higher following recent breakout above the previous support level 0.9675. Recent price action and MACD which illustrate bullish momentum and the formation of golden cross suggest the pair to extend its gains towards the resistance level 0.9700.<\/p>\n

 <\/p>\n

Resistance level: 0.9700, 0.9755<\/p>\n

Support level: 0.9675, 0.9650<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was higher while currently testing near the resistance level 72.40. MACD which illustrate starting bullish momentum suggest the commodity to extend its gains after a breakout above the resistance level 72.40.<\/p>\n

 <\/p>\n

Resistance level: 72.40, 73.00<\/p>\n

Support level: 71.25, 70.45<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price was traded lower while currently testing near resistance level 1196.00. MACD which illustrate bearish momentum suggest the commodity to extend its losses after a retracement from the resistance level 1196.00.<\/p>\n

 <\/p>\n

Resistance level: 1196.00, 1203.30<\/p>\n

Support level: 1191.10, 1186.80<\/p>\n","protected":false},"excerpt":{"rendered":"

27 September 2018\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 Afternoon Session Analysis   Dollar surged in reacting to Fed\u2019s rate hike. \u00a0 Dollar index surged to new high since last week after US Federal Reserve raised their interest rates as expected for the eighth time, achieving the forecasted value of 2.25% compared to the previous interest rate of 2.00% while at […]<\/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\/33518"}],"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=33518"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/33518\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=33518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=33518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=33518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}