{"id":46835,"date":"2019-02-15T03:38:41","date_gmt":"2019-02-15T03:38:41","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=46835"},"modified":"2019-02-15T03:38:41","modified_gmt":"2019-02-15T03:38:41","slug":"150219-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/150219-afternoon-session-analysis\/","title":{"rendered":"150219 Afternoon Session Analysis"},"content":{"rendered":"

15 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

 <\/p>\n

 <\/p>\n

Is trade war coming to an end?<\/strong><\/span><\/p>\n

Dollar index which gauge its value against a basket of six major currencies edged up during Asian trading session while market sentiment are still undecided ahead of the outcome of trade talk. Two negotiators from White House administration will have a meeting with Chinese Premier Xi Jinping later today, yet there is no deal on March 1 deadline extension been made between both countries as of now, said by White House economic adviser Larry Kudlow. At the meantime, the news of US tariff on $200 billion China imported goods will be increased to 25% from 10% if both parties does not reach a deal at the end of the trade talk has further generated bullish momentum toward the Greenback, where US people will prone to buy local goods rather than imported goods. Prior to the European trading session, Dollar index quoted up 0.09% to 96.85. On the other hand, the pair of GBP\/USD dipped 0.14% to 1.2785 after UK Prime Minister Theresa May suffers another defeat on her Brexit negotiating strategy yesterday. At the moment, adversary leader Jeremy Corbyn urged Theresa May to come out with a new plan parliament support, which rule out the possibility of no deal Brexit.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price extends its appreciation of 0.40% to $54.65 per barrel amid US sanctions against Venezuela and Iran and supply cuts lead by OPEC and some blocs. Besides, gold price inched down 0.03% to $1312.15 a troy ounce amid Dollar demand heightened.<\/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

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

Today\u2019s Highlight Economic Data<\/u><\/p>\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
17:30<\/td>\nGBP \u2013 Retail Sales (MoM) (Jan)<\/td>\n-0.9%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD \u2013 Import Price Index (MoM) (Jan)<\/td>\n-1.0%<\/td>\n-0.1%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD \u2013 NY Empire State Manufacturing Index (Feb)<\/td>\n3.90<\/td>\n7.10<\/td>\n–<\/td>\n<\/tr>\n
23:00<\/td>\nUSD \u2013 Michigan Consumer Sentiment (Feb)<\/td>\n91.2<\/td>\n93.3<\/td>\n–<\/td>\n<\/tr>\n
02:00 (16th<\/sup>)<\/td>\nCrudeOIL \u2013 US Baker Hughes Oil Rig Count<\/td>\n854<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower following prior retracement from the resistance level at 97.00. MACD which illustrate bearish momentum suggests the index to be traded lower to the support level at 96.65.<\/p>\n

Resistance level: 97.00, 97.40<\/p>\n

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

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following prior breakout below the previous support level at 1.2845. MACD which illustrate bearish bias momentum suggest the pair to extend its losses toward the support level at 1.2740.<\/p>\n

Resistance level: 1.2845, 1.2960<\/p>\n

Support level: 1.2740, 1.2620<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded lower following prior retracement from the resistance of 1.1300. MACD which illustrate diminished upward momentum suggests the pair to be traded lower toward the support level at 1.1260.<\/p>\n

Resistance level: 1.1300, 1.1355<\/p>\n

Support level: 1.1260, 1.1210<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower following prior breakout below the previous support level at 110.65. MACD which has formed a bearish signal suggests the pair to extend its losses toward the support level at 110.05.<\/p>\n

Resistance level: 110.65, 111.05<\/p>\n

Support level: 110.05, 109.65<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower following prior retracement from the resistance level at 0.7130. MACD which illustrate diminishing upward momentum suggests the pair to extend its losses toward the support level at 0.7060.<\/p>\n

Resistance level: 0.7130, 0.7200<\/p>\n

Support level: 0.7060, 0.7005<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower while currently testing the support level at 0.6820. MACD which illustrate diminishing bullish momentum suggest the pair to extend its losses after the candle successfully close below the support level at 0.6820.<\/p>\n

Resistance level: 0.6845, 0.6875<\/p>\n

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

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded higher following prior rebound from the support at 1.3285. MACD which illustrate bullish signal suggests the pair to extend its gains toward the resistance level at 1.3360.<\/p>\n

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

Support level: 1.3285, 1.3195<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H1: <\/strong>USDCHF was traded higher following prior rebound from the support level at 1.0045. MACD which illustrate bullish momentum suggests the pair to extend its gains toward the resistance level at 1.0090.<\/p>\n

Resistance level: 1.0090, 1.0130<\/p>\n

Support level: 1.0045, 0.9990<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior close above the resistance at 54.30. MACD which illustrate diminished bullish momentum suggests its prices to undergo technical correction in short term toward the support level at 54.30.<\/p>\n

Resistance level: 55.50, 56.40<\/p>\n

Support level: 54.30, 53.05<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower following prior retracement from the triangle\u2019s top level. MACD which illustrate bullish momentum and the formation of golden cross suggest the commodity to undergo technical correction toward the bottom level at 1307.25.<\/p>\n

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

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

15 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     Is trade war coming to an end? Dollar index which gauge its value against a basket of six major currencies edged up during Asian trading session while market sentiment are still undecided ahead of the outcome of trade talk. Two negotiators from White House administration will have […]<\/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\/46835"}],"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=46835"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/46835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=46835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=46835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=46835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}