{"id":46295,"date":"2019-02-11T04:28:03","date_gmt":"2019-02-11T04:28:03","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=46295"},"modified":"2019-02-11T04:28:03","modified_gmt":"2019-02-11T04:28:03","slug":"110219-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/110219-afternoon-session-analysis\/","title":{"rendered":"110219 Afternoon Session Analysis"},"content":{"rendered":"

11th<\/sup> February 2019\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 Afternoon Session Analysis<\/strong><\/p>\n

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Will US Government shutdown again?<\/strong><\/span><\/p>\n

Dollar index which gauge against six major peers of currencies stumbled near 96.35 after hitting nine weeks high. Investors are currently keeping their eyes on the next step that US president Donald Trump will make after US shutdown talks stall ahead of deadline. According to BBC News, representatives of US House of Congress offer a deal that compiled of wall funding costs between $1.3 bn and $2 bn, a long way off from what the president has been demanding, approximately $5.7bn. As of now, if the talks ultimately broke down, Donald Trump would either choose to shut down the government again or to officially declare United States enter into national emergency and therefore he will have the privilege to use military power and fund to build the Mexico border wall. Dollar index dipped 0.01% to $96.65 during Asian trading session. On the other hand, the pair of EUR\/USD inched down 0.03% to 1.1320 amid European market is still surrounded by sour sentiment after European government debt yields fell to two years low. Besides, bearish momentum in European market has also been triggered by the factors of global trade tensions and domestic challenges, eventually exerted negative pressure which further dragged down the value of Euro.<\/p>\n

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In the commodities market, crude oil price declined 1.10% to $52.10 per barrel after U.S. Baker Hughes Oil Rig Count data has showed that oil drilling activity in US is expanding, which may lead to supply glut unsolved. Moreover, gold price was down 0.10% to $1312.80 a troy ounce amid market appetite toward the safe haven assets had been shifted away.<\/p>\n

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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

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 JPY\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 National Founding Day<\/p>\n

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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

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Today\u2019s Highlight Economic Data<\/u><\/p>\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
17:30<\/td>\nGBP \u2013 GDP (QoQ) (Q4)<\/td>\n0.6%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
17:30<\/td>\nGBP \u2013 Manufacturing Production (MoM) (Dec)<\/td>\n-0.3%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nCAD \u2013 Trade Balance (Dec)<\/td>\n-2.06B<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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DOLLAR_INDX, H4: <\/strong>Dollar index was traded higher while currently testing the resistance level at 96.40. MACD which illustrate diminishing bullish momentum and the formation of death cross suggest the commodity to undergo technical correction in short term toward the support level at 96.00.<\/p>\n

Resistance level: 96.40, 96.65<\/p>\n

Support level: 96.00, 95.65
\n<\/strong><\/p>\n

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GBPUSD, H4: <\/strong>GBPUSD was traded lower following prior retracement from the resistance level at 1.2960. MACD which illustrate diminishing bullish momentum suggest the pair to extend its losses toward the support level at 1.2845.<\/p>\n

Resistance level: 1.2960, 1.3080<\/p>\n

Support level: 1.2845, 1.2715<\/p>\n

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EURUSD, Daily: <\/strong>EURUSD was traded lower following a breakout below the previous support level at 1.1365. MACD which illustrate persistent bearish momentum suggest the pair to extend its losses toward the support level at 1.1295.<\/p>\n

Resistance level: 1.1365, 1.1455<\/p>\n

Support level: 1.1295, 1.1225<\/p>\n

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USDJPY, H1: <\/strong>USDJPY was traded higher following prior rebound from the sideway channel bottom level at 109.65. MACD which illustrate diminishing bearish momentum suggest the pair to extend its gains toward the top level at 110.05.<\/p>\n

Resistance level: 110.05, 110.50<\/p>\n

Support level: 109.65, 109.20<\/p>\n

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AUDUSD, H4: <\/strong>AUDUSD was traded higher following prior rebound from the support level at 0.7075. MACD which illustrate bullish momentum and the formation of golden cross suggest the pair to extend its gains toward the resistance level at 0.7145.<\/p>\n

Resistance level: 0.7145, 0.7210<\/p>\n

Support level: 0.7075, 0.7010<\/p>\n

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NZDUSD, H4: <\/strong>NZDUSD was traded higher while currently testing the resistance level at 0.6760. MACD which illustrate bullish momentum and the formation of golden cross suggest the pair to extend its gain after successfully breakout the resistance level at 0.6760.<\/p>\n

Resistance level: 0.6760, 0.6795<\/p>\n

Support level: 0.6735, 0.6705<\/p>\n

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USDCAD, H4: <\/strong>USDCAD was traded higher while currently testing near the resistance of 1.3285. MACD which illustrate diminished bullish momentum and the formation of death cross suggests the pair to undergo technical correction in short term toward the support level at 1.3205.<\/p>\n

Resistance level: 1.3285, 1.3360<\/p>\n

Support level: 1.3205, 1.3125<\/p>\n

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USDCHF, H1: <\/strong>USDCHF was traded higher following prior rebound near the support level at 0.9980. MACD which illustrate diminishing bearish momentum suggest the pair to extend its gains toward the resistance level at 1.0025.<\/p>\n

Resistance level: 1.0025, 1.0080<\/p>\n

Support level: 0.9980, 0.9945<\/p>\n

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CrudeOIL, H4: <\/strong>Crude oil was traded lower following prior retracement from the resistance level at 52.75. MACD which illustrate bearish momentum suggest the commodity to extend its losses toward the support level at 50.35.<\/p>\n

Resistance level: 52.75, 54.30<\/p>\n

Support level: 50.65, 48.50<\/p>\n

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GOLD_, H1: <\/strong>Gold price was traded lower following prior retracement from the resistance level near 1315.00. MACD which illustrate bearish momentum may suggests its prices to be traded lower toward the support level at 1308.50.<\/p>\n

Resistance level: 1315.00, 1321.55<\/p>\n

Support level: 1308.50, 1302.90<\/p>\n","protected":false},"excerpt":{"rendered":"

11th February 2019\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 Afternoon Session Analysis     Will US Government shutdown again? Dollar index which gauge against six major peers of currencies stumbled near 96.35 after hitting nine weeks high. Investors are currently keeping their eyes on the next step that US president Donald Trump will make after US shutdown talks stall ahead of […]<\/p>\n","protected":false},"author":54,"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\/46295"}],"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\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=46295"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/46295\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=46295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=46295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=46295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}