{"id":45100,"date":"2019-01-25T04:15:06","date_gmt":"2019-01-25T04:15:06","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=45100"},"modified":"2019-01-25T04:15:06","modified_gmt":"2019-01-25T04:15:06","slug":"250119-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/celue\/gold\/250119-afternoon-session-analysis\/","title":{"rendered":"250119 Afternoon Session Analysis"},"content":{"rendered":"

25 January 2019 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

 <\/p>\n

Dollar slips as U.S – China trade spat continues.<\/strong><\/span><\/p>\n

Dollar index slips against its basket of six major currencies following increasing tension between U.S and China. According to reports, US Commerce Secretary Wilbur Ross stated that US was miles and miles away from resolving China trade issues. Recently US have cancelled planned trade meeting with Beijing due to outstanding disagreements over intellectual property rules. Besides that, US Senate lacked votes for President Trump\u2019s border wall fund resulted the shutdown to continue, increasing further concerns of market sentiment. Dollar index fell 0.23% to 96.05 as of writing. Meanwhile, AUDUSD tumbled 0.10% to 0.7083 as of writing following increasing expectations of RBA rate cut. Aussie fell its biggest single day drop since 2nd<\/sup> of January after a surprising mortgage rate hike by National Bank of Australia (NAB) which increased the prospect of RBA rate cut.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price surge 1.32% to 53.84 per barrel at the time of writing as oil markets remain supported by Venezuela turmoil. Following political turmoil in the country, Following leadership crisis in Venezuela, President of Venezuela Nicolas Maduro is breaking relations with the US and Trump administration considering sanction against Venezuelan oil to punish President Nicolas Maduro\u2019s government which could decrease the oil inventories level further. On the other hand, gold price rose 0.11% to 1282.58 as of writing following a weakened dollar and a steady demand of safe haven asset.<\/p>\n


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

\u00a0<\/u><\/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

N\/A<\/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
17:00<\/td>\nEUR \u2013 German Ifo Business Climate Index<\/td>\n101.0<\/td>\n100.7<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD \u2013 Core Durable Goods Orders (MoM) (Dec)<\/td>\n0.4%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
23:00<\/td>\nUSD \u2013 New Home Sales (Nov)<\/td>\n544K<\/td>\n560K<\/td>\n–<\/td>\n<\/tr>\n
02:00<\/p>\n

(26th<\/sup>)<\/td>\n

CrudeOIL \u2013 US Baker Hughes Oil Rig Count<\/td>\n825<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n


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

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

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

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower while currently testing the support level 96.05. MACD which illustrate diminishing bullish momentum suggest the pair to extend its retracement after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 96.50, 97.15<\/p>\n

Support level: 95.60, 95.05<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher following prior breakout above previous resistance level 1.3085. MACD which illustrate persistent bullish momentum suggest the pair to extend its gains towards the resistance level 1.3170.<\/p>\n

 <\/p>\n

Resistance level: 1.3170, 1.3250<\/p>\n

Support level: 1.3085, 1.3000<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from the support level 1.1310. MACD which illustrate diminishing bearish momentum suggest the pair to extend its rebound towards the resistance level 1.1350<\/p>\n

 <\/p>\n

Resistance level: 1.1350, 1.1415<\/p>\n

Support level: 1.1310, 1.1265<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher following rebound from the MA line 20 (red). MACD which illustrate diminishing bearish momentum suggest the pair to extend its gains towards the resistance level 110.00.<\/p>\n

 <\/p>\n

Resistance level: 110.00, 111.40<\/p>\n

Support level: 109.10, 107.85<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher following prior rebound near the support level 0.7070. MACD which display bullish bias signal with the formation of golden cross suggest the pair to extend its rebound towards the resistance level 0.7115.<\/p>\n

 <\/p>\n

Resistance level: 0.7115, 0.7230<\/p>\n

Support level: 0.7070, 0.7005<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher following recent rebound from the support level 0.6755. MACD which illustrate diminishing bearish momentum suggest the pair to extend rebound towards the resistance level 0.6800.<\/p>\n

 <\/p>\n

Resistance level: 0.6800, 0.6840<\/p>\n

Support level: 0.6755, 0.6715<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4:<\/strong> USDCAD was traded lower following prior retracement from the resistance level 1.3360. MACD which illustrate bearish momentum suggest the pair extend its losses towards the support level 1.3300.<\/p>\n

 <\/p>\n

Resistance level: 1.3360, 1.3415<\/p>\n

Support level: 1.3300, 1.3240<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded lower while currently retest the support level 0.9950. However, MACD which illustrate diminishing bearish momentum suggest the pair to be traded higher towards the resistance level 0.9985.<\/p>\n

 <\/p>\n

Resistance level: 0.9985, 1.0010<\/p>\n

Support level: 0.9950, 0.9910<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior rebound from the support level 52.85. MACD which display diminishing bearish momentum suggest the commodity to extend its gains towards the resistance level 54.55.<\/p>\n

 <\/p>\n

Resistance level: 54.55, 57.80<\/p>\n

Support level: 52.85, 50.30<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher following prior rebound from the support level 1278.90. MACD which illustrate bullish momentum and the formation of golden cross suggest gold to extend its rebound towards the resistance level 1287.00.<\/p>\n

 <\/p>\n

Resistance level: 1287.00, 1296.85<\/p>\n

Support level: 1278.90, 1267.25<\/p>\n","protected":false},"excerpt":{"rendered":"

25 January 2019 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis   Dollar slips as U.S – China trade spat continues. Dollar index slips against its basket of six major currencies following increasing tension between U.S and China. According to reports, US Commerce Secretary Wilbur Ross stated that US was miles and miles away from resolving China trade issues. […]<\/p>\n","protected":false},"author":44,"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":[68],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/45100"}],"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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=45100"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/45100\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=45100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=45100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=45100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}