{"id":34873,"date":"2018-10-11T07:49:32","date_gmt":"2018-10-11T07:49:32","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=34873"},"modified":"2018-10-11T07:49:33","modified_gmt":"2018-10-11T07:49:33","slug":"111018-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/111018-afternoon-session-analysis\/","title":{"rendered":"111018 Afternoon Session Analysis"},"content":{"rendered":"

11 October 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

 <\/p>\n

Dollar falls amid Brexit sentiment. <\/strong><\/p>\n

Dollar index continue its bearish momentum following the recent progress of Brexit where UK and EU had made an agreement for a custom union, prolonging the period to discuss further agreements ahead of the summit with 28 bloc leaders. Moreover, yesterday\u2019s negative sentiment from US President Donald Trump regarding his comment on the acceleration of rate hike was not necessary further worsen dollar\u2019s price. Greenback fell by 0.20% to 94.95 at early European trading session. In other news, the pair of USD\/JPY fell by 0.05% to 112.10 a new low since 21st<\/sup> September amid safe-haven demand. The anxiety caused by US bond market created a negative sentiment which boosted the demand for Japanese Yen while awaits today\u2019s US CPI data for further direction of the dollar.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price plunged 0.72% to $72.05 as of writing. The commodity continues its bearish momentum amid negative sentiment from high inventory level reported by API. On the other hand, gold price decreased by 0.10% to $1,193.07 a troy ounce following reduced demand amid Brexit positive sentiment.<\/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

19:20\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 Monthly Report<\/p>\n

19:30\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 Publishes Account of Monetary Policy Meeting<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\n\n\n\n\n
Time<\/strong><\/td>\nMarket & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core CPI (MoM) (Sep)<\/td>\n0.1%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n207K<\/td>\n206K<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nCAD \u2013 New Housing Price Index (MoM) (Aug)<\/td>\n0.1%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
23:00<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n7.975M<\/td>\n2.620M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was lower while currently testing near the support level 94.95. MACD which illustrate persistent bearish momentum suggest the dollar to extend its losses after breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 95.20, 95.45<\/p>\n

Support level: 94.95, 94.50<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded higher following prior breakout above the previous resistance level 1.3185. MACD which illustrate persistent bullish momentum suggest the pair to extend its gains towards the resistance level 1.3280.<\/p>\n

 <\/p>\n

Resistance level: 1.3280, 1.3350<\/p>\n

Support level: 1.3185, 1.3130<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded lower while currently testing near the support level 1.1540. MACD which display bearish momentum suggest the pair to extend its losses after a breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1.1585, 1.1630<\/p>\n

Support level: 1.1540, 1.1510<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H1: <\/strong>USDJPY was traded higher following prior rebound from the support level 112.10. MACD which illustrate bullish momentum and the starting formation of a golden cross suggest the pair to extend its rebound towards the resistance level 112.60.<\/p>\n

 <\/p>\n

Resistance level: 112.60, 113.40<\/p>\n

Support level: 112.10, 111.65<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower following prior retracement from the resistance level 0.7085. MACD which display bearish momentum and the starting formation of a death cross suggest the pair to extend its retracement towards the support level 0.7040.<\/p>\n

 <\/p>\n

Resistance level: 0.7085, 0.7125<\/p>\n

Support level: 0.7040, 0.7010<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher following prior rebound from the support level 0.6460. MACD which illustrate bullish momentum suggest the pair to extend its rebound towards the resistance level 0.6495.<\/p>\n

 <\/p>\n

Resistance level: 0.6495, 0.6540<\/p>\n

Support level: 0.6460, 0.6425<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H1: <\/strong>USDCAD was traded lower following prior retracement from the resistance level 1.3080. MACD which display bearish signal and the formation of death cross suggest the pair to extend its retracement towards the support level 1.3010.<\/p>\n

 <\/p>\n

Resistance level: 1.3080, 1.3130<\/p>\n

Support level: 1.3010, 1.2955<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H1: <\/strong>USDCHF was traded higher following prior rebound from the support level at 0.9855. MACD which illustrate bullish momentum and the starting formation of golden cross suggest the pair to extend its rebound towards the resistance level 0.9905.<\/p>\n

 <\/p>\n

Resistance level: 0.9905, 0.9940<\/p>\n

Support level: 0.9855, 0.9825<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher following prior rebound from the support level 71.90. MACD which display starting bullish momentum suggest the commodity to extend its rebound towards the resistance level 73.55.<\/p>\n

 <\/p>\n

Resistance level: 73.55, 76.70<\/p>\n

Support level: 71.90, 70.30<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher following prior breakout from the resistance of 1191.10. MACD which has formed a golden cross signal suggests the commodity price to extend its gains towards the resistance level 1197.90.<\/p>\n

 <\/p>\n

Resistance level: 1197.90, 1203.30<\/p>\n

Support level: 1191.10, 1185.35<\/p>\n","protected":false},"excerpt":{"rendered":"

11 October 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis   Dollar falls amid Brexit sentiment. Dollar index continue its bearish momentum following the recent progress of Brexit where UK and EU had made an agreement for a custom union, prolonging the period to discuss further agreements ahead of the summit with 28 bloc leaders. Moreover, yesterday\u2019s negative sentiment […]<\/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\/34873"}],"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=34873"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/34873\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=34873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=34873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=34873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}