{"id":46563,"date":"2019-02-13T03:20:55","date_gmt":"2019-02-13T03:20:55","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=46563"},"modified":"2019-02-13T03:20:55","modified_gmt":"2019-02-13T03:20:55","slug":"130219-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/130219-afternoon-session-analysis\/","title":{"rendered":"130219 Afternoon Session Analysis"},"content":{"rendered":"

13 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\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

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Dollar froze while trade talk ongoing.<\/strong><\/span><\/p>\n

Dollar index which gauge its value against six major peers\u2019 currencies traded steady near 96.45 while market participants keep their eyes on trade talk between US and China. Most are expecting for a possible breakthrough in trade impasses soon. Besides, US President Donald Trump has taken a step back in trade dispute by offering short extension on March 1st<\/sup> deadline of trade agreement with China. However, if there is no deal been reached in ongoing trade talk between both countries, tariff on $200 billion of import goods will expected to rise from 10 percent to 25 percent which will definitely disrupted China\u2019s economy tremendously. On the other hand, pair of NZD\/USD skyrocketed 1.43% to 0.6830 after Reserve Bank of New Zealand (RBNZ) sent out a more hawkish tone on current economy growth outlook while maintaining its official cash rates at 1.75% unchanged. While global tensions is still entangled the whole world, however RBNZ policymakers emphasized that low interest rate is expected to be able to support a pick-up in New Zealand\u2019s GDP growth over 2019 and rise in CPI is being anticipated.<\/p>\n

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In the commodities market, crude oil price surged 0.49% to $53.50 per barrel amid API Weekly Crude Oil Stock data showed a small draw of 0.9998 million barrels of oil inventory for the week ending 8th<\/sup> February. Large gap between the forecasted inventories changes (2.514 million) and the actual reading exerted tremendous buy in pressure on this particular commodity. Moreover, gold price surged edged up 0.11% to $1312.00 a troy ounce amid weaker market demand on dollar.<\/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 Event<\/strong><\/p>\n

N\/A<\/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 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 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 IEA Monthly Report<\/p>\n

03:10 (14th<\/sup>)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 NZD\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 RBNZ Gov Orr Speaks<\/p>\n

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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
17:30<\/td>\nGBP \u2013 CPI (YoY) (Jan)<\/td>\n2.1%<\/td>\n1.9%<\/td>\n–<\/td>\n<\/tr>\n
18:00<\/td>\nEUR \u2013 Industrial Production (MoM) (Dec)<\/td>\n-1.7%<\/td>\n-0.4%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD \u2013 Core CPI (MoM) (Jan)<\/td>\n0.2%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
23:30<\/td>\nCrudeOIL \u2013 EIA Crude Oil Inventories<\/td>\n1.263M<\/td>\n2.668M<\/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 lower following prior breakout below the previous support level at 96.65. MACD which illustrate bearish signal suggests the index to extend its losses, towards the resistance level at 96.35.<\/p>\n

Resistance level: 96.65, 97.00<\/p>\n

Support level: 96.35, 96.00
\n<\/strong><\/p>\n

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GBPUSD, H4: <\/strong>GBPUSD was traded higher following prior rebound from the support level at 1.2845. MACD which has formed a golden cross signal suggests the pair to extend its gains toward the resistance level at 1.2960.<\/p>\n

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

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

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EURUSD, H4: <\/strong>EURUSD was traded higher following prior breakout above the previous resistance level at 1.1300. MACD which has formed a bullish signal suggests the pair to extend its gains, towards the resistance level at 1.1355.<\/p>\n

Resistance level: 1.1355, 1.1405<\/p>\n

Support level: 1.1300, 1.1260<\/p>\n

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USDJPY, H1: <\/strong>USDJPY was traded higher following prior breakout above the top level of channel at 110.05. MACD which illustrate diminished downward momentum suggests the pair to extend its gains toward the resistance level at 110.90.<\/p>\n

Resistance level: 110.90, 111.40<\/p>\n

Support level: 110.50, 109.65<\/p>\n

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AUDUSD, H4: <\/strong>AUDUSD was traded higher following prior breakout above the previous resistance level at 0.7075. MACD which illustrate bullish signal suggests the pair to extend its gains towards the resistance level at 0.7145.<\/p>\n

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

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

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher following prior breakout above the previous resistance level at 0.6820. MACD which illustrate bullish momentum suggest the pair to extend its gains toward the resistance level at 0.6870.<\/p>\n

Resistance level: 0.6870, 0.6920<\/p>\n

Support level: 0.6820, 0.6795<\/p>\n

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USDCAD, H4: <\/strong>USDCAD was traded lower while currently testing the support level at 1.3205. MACD which illustrate bearish momentum suggest the pair to extend its gain after successfully breakout the support level at 1.3205.<\/p>\n

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

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

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded lower following prior retrace from the resistance at 1.0080. MACD which illustrate diminished upward momentum suggests the pair to extend its losses toward the support level at 1.0025.<\/p>\n

Resistance level: 1.0080, 1.0110<\/p>\n

Support level: 1.0025, 0.9980<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher while currently testing the resistance level at 53.50. MACD which illustrate bullish signal suggests its prices to advance further upwards after successfully breaking the resistance of 53.50.<\/p>\n

Resistance level: 53.50, 54.30<\/p>\n

Support level: 52.75, 51.80<\/p>\n

 <\/p>\n

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GOLD_, H4: <\/strong>Gold price was traded higher in the sideway channel following prior rebound from the 50 moving average line (blue). MACD which illustrate bullish signal suggest the commodity to extend its gains toward the top level of channel at 1315.00.<\/p>\n

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

Support level: 1307.25, 1302.50<\/p>\n","protected":false},"excerpt":{"rendered":"

13 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\u00a0\u00a0 Afternoon Session Analysis     Dollar froze while trade talk ongoing. Dollar index which gauge its value against six major peers\u2019 currencies traded steady near 96.45 while market participants keep their eyes on trade talk between US and China. Most are expecting for a possible breakthrough in trade impasses soon. Besides, US […]<\/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\/46563"}],"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=46563"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/46563\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=46563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=46563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=46563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}