{"id":46696,"date":"2019-02-14T06:13:03","date_gmt":"2019-02-14T06:13:03","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=46696"},"modified":"2019-02-14T06:13:03","modified_gmt":"2019-02-14T06:13:03","slug":"140219-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/140219-afternoon-session-analysis\/","title":{"rendered":"140219 Afternoon Session Analysis"},"content":{"rendered":"

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

 <\/p>\n

Trade woes lifted, AUD gains. <\/strong><\/p>\n

Greenback was traded lower by 0.07% to 96.85 against a basket of six major currency pairs during late Asian trading session amid hopes on trade talk optimists. As two of the largest economy set off for new round of trade talks earlier this week, US President Donald Trump commented that the negotiations are \u2018going along very well\u2019 and that China was offering \u2018tremendous respect\u2019. Although Trump will only meet Chinese President Xi Jinping to agree on a final deal, he is now considering to delay the deadline for imposition of higher tariffs on China goods for as long as 60 days. Investors hope on both parties to reach an agreement and end the trade war recovered as an extension to the deadline provides higher chances of obtaining a deal. Market participants reacted by shifting their investment to riskier assets as overall market sentiment restored. Besides that, early China trade data gave a higher than expected reading, pushing China Yuan higher as well as China\u2019s major trading partner, Australian dollar. As of writing, pair of AUD\/USD rose by 0.40% to 0.7115.<\/p>\n

 <\/p>\n

As for commodities, crude oil price surged by 0.43% to $54.15 per barrel amid trade talk optimisms. Despite the poor inventories data reported by the EIA yesterday, investors attention was caught by the high-level trade talks between US and China which commented by President Trump as \u2018going very well\u2019. On the other hand, gold price ticks up by 0.19% to $1,308.50 a troy ounce due to weaker dollar.<\/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

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
15:00<\/td>\nEUR \u2013 German GDP (QoQ) (Q4)<\/td>\n-0.2%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD \u2013 Core Retail Sales (MoM) (Dec)<\/td>\n0.2%<\/td>\n0.0%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD \u2013 Retail Sales (MoM) (Dec)<\/td>\n0.2%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD \u2013 PPI (MoM) (Jan)<\/td>\n-0.2%<\/td>\n0.1%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower while currently testing near the support level 96.85. MACD which illustrate diminished bearish momentum suggest index to undergo technical correction and rebound from the support level towards the resistance level at 97.15.<\/p>\n

 <\/p>\n

Resistance level: 97.15, 97.45<\/p>\n

Support level: 96.85, 96.50
\n<\/strong><\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower while currently testing near the support level 1.2850. MACD which illustrate diminishing bullish momentum suggest the pair to extend its losses after successfully breaking below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1.2915, 1.3000<\/p>\n

Support level: 1.2850, 1.2750<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded higher following prior breakout above previous resistance level 1.1275. MACD which display bullish momentum and the formation of golden cross suggest the pair to extend its gains towards the resistance level 1.1310.<\/p>\n

 <\/p>\n

Resistance level: 1.1310, 1.1350<\/p>\n

Support level: 1.1275, 1.1215<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was extending its bullish momentum following prior breakout from the previous resistance level 110.90. MACD which illustrate diminishing bullish momentum suggest the pair to undergo short-term technical correction and retrace back to the support level 110.90.<\/p>\n

 <\/p>\n

Resistance level: 111.00, 111.45<\/p>\n

Support level: 110.50, 110.00<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher following prior rebound from the support level 0.7100. MACD which illustrate bullish momentum suggest the pair to be traded higher towards the resistance level 0.7170.<\/p>\n

 <\/p>\n

Resistance level: 0.7170, 0.7220<\/p>\n

Support level: 0.7100, 0.7030<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher following prior rebound from its lower levels. MACD which illustrate bullish momentum suggest the pair to extend its rebound towards the resistance level 0.6850.<\/p>\n

 <\/p>\n

Resistance level: 0.6850, 0.6915<\/p>\n

Support level: 0.6780, 0.6715<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower following prior retracement from the resistance level 1.3245. MACD which display bearish bias signal suggest the pair to extend its retracement towards the support level 1.3185.<\/p>\n

 <\/p>\n

Resistance level: 1.3280, 1.3325<\/p>\n

Support level: 1.3220, 1.3175<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded lower while currently testing the support level 1.0080. MACD which illustrate diminishing bullish momentum suggest the pair to extend its losses after breaking below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1.0130, 1.0180<\/p>\n

Support level: 1.0080, 1.0030<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior breakout from previous resistance level at 53.90. MACD which illustrate diminishing bullish momentum suggest the commodity to undergo short-term technical correction and retrace towards the support level 53.90.<\/p>\n

 <\/p>\n

Resistance level: 55.00, 56.15<\/p>\n

Support level: 53.90, 52.70<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price remains traded within a sideways channel following prior rebound from the lower levels. Due to lack of signal from the MACD, a breakout from the sideway channel is required for further confirmation before entering the market.<\/p>\n

 <\/p>\n

Resistance level: 1315.00, 1325.15<\/p>\n

Support level: 1305.00, 1295.00<\/p>\n","protected":false},"excerpt":{"rendered":"

14 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\u00a0 Afternoon Session Analysis   Trade woes lifted, AUD gains. Greenback was traded lower by 0.07% to 96.85 against a basket of six major currency pairs during late Asian trading session amid hopes on trade talk optimists. As two of the largest economy set off for new round of trade talks earlier this […]<\/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\/46696"}],"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=46696"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/46696\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=46696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=46696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=46696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}