{"id":36235,"date":"2018-10-25T07:07:54","date_gmt":"2018-10-25T07:07:54","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=36235"},"modified":"2018-10-25T07:07:54","modified_gmt":"2018-10-25T07:07:54","slug":"251018-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/251018-afternoon-session-analysis\/","title":{"rendered":"251018 Afternoon Session Analysis"},"content":{"rendered":"

25 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 flat ahead of economic data. \u00a0<\/strong><\/p>\n

Dollar index edged lower by 0.03% to 95.98 during early European trading session while investors waits for US Core Durable Goods and Pending Home Sales data. Yesterday\u2019s New Home Sales data that missed the expectation did not have much impact towards the dollar. Overall, the dollar is still continuing its bullish trend as investors awaits positive sentiment from today\u2019s data to further boost the price of dollar. In other news, demand for safe haven asset such as Japanese Yen was increasing as uncertainty spirals in the US economy where Democrats such as Barack Obama and Hillary Clinton received bomb threats and investors fear of a political violence. The incident caused panic for investors as they flew to safe haven markets. Pair of USD\/JPY fell by 0.20% to 112.00 as of writing.<\/p>\n

 <\/p>\n

As for commodities, crude oil price edged up by 0.12% to $66.45 per barrel. The crude oil market was influenced by negative sentiment this week as investors worry that the shortfall supply from Iran\u2019s sanction will be supported by Saudi Arabia. On the other hand, gold price increased by 0.30% to $1,237.90 a troy ounce following higher demand for its safe haven properties amid uncertainties in the forex market.<\/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

20:30\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 ECB Press Conference<\/p>\n

 <\/p>\n


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

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

Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\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
16:00<\/td>\nEUR \u2013 German Ifo Business Climate Index<\/td>\n103.7<\/td>\n103.1<\/td>\n–<\/td>\n<\/tr>\n
19:45<\/td>\nEUR \u2013 Deposit Facility Rate<\/td>\n-0.40%<\/td>\n-0.40%<\/td>\n–<\/td>\n<\/tr>\n
19:45<\/td>\nEUR \u2013 ECB Marginal Lending Facility<\/td>\n0.25%<\/td>\n0.25%<\/td>\n–<\/td>\n<\/tr>\n
19:45<\/td>\nEUR \u2013 ECB Interest Rate Decision (Oct)<\/td>\n0.00%<\/td>\n0.00%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n210K<\/td>\n214K<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Durable Goods Orders (MoM) (Sep)<\/td>\n0.1%<\/td>\n0.5%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 Pending Home Sales (MoM) (Sep)<\/td>\n-1.8%<\/td>\n-0.1%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

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

\"\"<\/p>\n

DOLLAR_INDX, H1: <\/strong>Dollar index was traded lower following prior retracement from the resistance level 96.30. MACD which illustrate bearish momentum suggest the dollar to extend its losses towards the support level 95.80.<\/p>\n

 <\/p>\n

Resistance level: 96.30, 96.60<\/p>\n

Support level: 95.80, 95.20<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher while currently testing the resistance level 1.2905. MACD which illustrate diminishing bearish momentum suggest the pair to extend its gains after a breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.2905, 1.2935<\/p>\n

Support level: 1.2855, 1.2800<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from the support level 1.1385. MACD which illustrate starting bullish momentum suggest the pair to extend its rebound towards the resistance level 1.1445.<\/p>\n

 <\/p>\n

Resistance level: 1.1445, 1.1490<\/p>\n

Support level: 1.1385, 1.1350<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower while currently testing near the support level 112.00. MACD which illustrate bearish momentum suggest the pair to extend its losses after a breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 112.40, 112.75<\/p>\n

Support level: 112.00, 111.70<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing the resistance level 0.7080. MACD which illustrate starting bullish momentum and the formation of golden cross suggest the pair to extend its gains after a breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.7080, 0.7105<\/p>\n

Support level: 0.7055, 0.7030<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H1: <\/strong>NZDUSD was traded higher following prior rebound from the support level of 0.6500. MACD which illustrate bullish momentum and the formation of golden cross suggest the pair to extend its rebound towards the resistance level 0.6540.<\/p>\n

 <\/p>\n

Resistance level: 0.6540, 0.6565<\/p>\n

Support level: 0.6500, 0.6460<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H1: <\/strong>USDCAD was traded lower following prior retrace near the resistance level 1.3065. MACD which illustrate diminishing bullish momentum suggest the pair to extend its retracement towards the support level 1.3000.<\/p>\n

 <\/p>\n

Resistance level: 1.3065, 1.3115<\/p>\n

Support level: 1.3010, 1.2925<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H1: <\/strong>USDCHF was traded lower following prior retracement from the resistance level 0.9980. MACD which illustrate persistent bearish momentum suggest the pair to extend its retracement towards the support level 0.9955.<\/p>\n

 <\/p>\n

Resistance level: 0.9975, 1.0000<\/p>\n

Support level: 0.9955, 0.9920<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior rebound from the support level 66.10. MACD which illustrate diminished bearish momentum suggest the commodity to extend its rebound towards the resistance level 67.50.<\/p>\n

 <\/p>\n

Resistance level: 67.50, 68.70<\/p>\n

Support level: 66.10, 64.90<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price was traded higher while currently testing near the resistance level 1238.50. MACD which display bullish bias suggest the commodity to extend its gains after a breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1238.50, 1241.75<\/p>\n

Support level: 1233.50, 1229.35<\/p>\n

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

25 October 2018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis   Dollar flat ahead of economic data. \u00a0 Dollar index edged lower by 0.03% to 95.98 during early European trading session while investors waits for US Core Durable Goods and Pending Home Sales data. Yesterday\u2019s New Home Sales data that missed the expectation did not have much impact towards […]<\/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\/36235"}],"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=36235"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/36235\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=36235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=36235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=36235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}