{"id":47804,"date":"2019-02-26T01:11:11","date_gmt":"2019-02-26T01:11:11","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=47804"},"modified":"2019-02-26T01:11:11","modified_gmt":"2019-02-26T01:11:11","slug":"260219-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/260219-morning-session-analysis\/","title":{"rendered":"260219 Morning Session Analysis"},"content":{"rendered":"

26 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 Morning Session Analysis<\/strong><\/p>\n

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Dollar dejected after Trump tweeted.<\/strong><\/span><\/p>\n

US dollar extended its losses during early Asian trading session following US President Donald Trump\u2019s call to extend the trade deadline of March 1st<\/sup>. As of writing, the dollar index was quoted down 0.09% to 96.25. Greenback\u2019s appeal diminished following higher optimism surrounding trade talks between US and China which has increased investor\u2019s appetite towards other risky assets such as emerging market currencies and debts. Last Sunday, Trump tweeted that he would push back the trade deadline and proposed to meet with Chinese Premier Xi Jinping at this Mar-a-Lago estate in Florida for a \u201csignage\u201d summit. His announcement has increased hopes that both countries would reach a trade deal soon although some Chinese official warned that there is still conflict of interest between both countries. On the other hand, pair of GBP\/USD spikes up 0.21% to 1.3122 this morning. Sterling jumped to a four-week high after Bloomberg News reported that UK Prime Minister Theresa May is considering to delay the Brexit deadline and prevent UK from leaving EU without a trade deal.<\/p>\n

 <\/p>\n

As for commodities market, crude oil price tumbled down 0.60% to $55.37 per barrel. Oil prices fell after Trump tweeted that current oil price were too high and OPEC should work on bringing them down to a lower level. Otherwise, gold price ticked up 0.01% to $1,327.42 a troy ounce while market participants continues to monitor underlying risk which surrounds the financial market.<\/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

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

18:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 GBP\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 Inflation Report Hearings<\/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\u00a0 GBP\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 UK Prime Minister Theresa May Speaks<\/p>\n

23:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 USD\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 Fed Chair Powell Testifies<\/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
15:00<\/td>\nEUR \u2013 GfK German Consumer Climate (Mar)<\/td>\n10.8<\/td>\n10.8<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD \u2013 Building Permits (Dec)<\/td>\n1.322M<\/td>\n1.290M<\/td>\n–<\/td>\n<\/tr>\n
23:00<\/td>\nUSD \u2013 CB Consumer Confidence (Feb)<\/td>\n120.2<\/td>\n124.7<\/td>\n–<\/td>\n<\/tr>\n
05:30 (27th<\/sup>)<\/td>\nCrudeOIL \u2013 API Weekly Crude Oil Stock<\/td>\n1.260M<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H1: <\/strong>Dollar index was traded lower following prior close below 96.25. MACD which illustrate diminished upward momentum suggests the index to be traded lower in short-term, towards the lower level of the descending channel.<\/p>\n

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Resistance level: 96.25, 96.60<\/p>\n

Support level: 96.00, 95.70
\n<\/strong><\/p>\n

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\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded higher while currently testing at the resistance of 1.3125. MACD which illustrate bullish signal suggests the pair to extend its gains after successfully closing above the target of 1.3125.<\/p>\n

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Resistance level: 1.3125, 1.3160<\/p>\n

Support level: 1.3085, 1.3025<\/p>\n

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\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded higher following prior closure above the resistance at 1.1355. However, due to the lack of signal from MACD and price action, it is suggested to wait for a breakout before entering the market.<\/p>\n

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Resistance level: 1.1375, 1.1400<\/p>\n

Support level: 1.1355, 1.1330<\/p>\n

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\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher following prior close above 111.00. However, MACD which illustrate diminished upward momentum suggests the pair to be traded lower in short-term as technical correction.<\/p>\n

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Resistance level: 111.45, 112.20<\/p>\n

Support level: 111.00, 110.50<\/p>\n

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\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing at the resistance of 0.7170. MACD which illustrate bullish signal suggests the pair to advance further upwards after successfully closing above this resistance level.<\/p>\n

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Resistance level: 0.7170, 0.7225<\/p>\n

Support level: 0.7105, 0.7070<\/p>\n

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\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower following prior retrace from the resistance at 0.6890. MACD which illustrate diminished upward momentum suggests the pair to be traded lower in short-term as technical correction.<\/p>\n

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Resistance level: 0.6890, 0.6910<\/p>\n

Support level: 0.6855, 0.6830<\/p>\n

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\"\"<\/p>\n

USDCAD, H1: <\/strong>USDCAD was traded flat and currently testing near the support of 1.3175. However, MACD which illustrate diminished upward momentum suggests the pair to be traded lower in short-term following a close below 1.3175.<\/p>\n

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Resistance level: 1.3220, 1.3280<\/p>\n

Support level: 1.3175, 1.3120<\/p>\n

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\"\"<\/p>\n

USDCHF, H1: <\/strong>USDCHF was traded lower following prior retracement from the downward trendline. MACD which illustrate diminished upward momentum suggests the pair to extend its losses after closing below the target of 0.9995.<\/p>\n

 <\/p>\n

Resistance level: 1.0040, 1.0080<\/p>\n

Support level: 0.9995, 0.9970<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher following prior rebound from its lower level. MACD which illustrate diminished bearish momentum suggests its prices to experience technical correction in the short-term.<\/p>\n

 <\/p>\n

Resistance level: 55.60, 56.45<\/p>\n

Support level: 54.30, 53.00<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H1: <\/strong>Gold price remains traded within a narrowing triangle following prior retrace from the top. Due to the lack of signal from MACD and price action, it is suggested to wait for a breakout before entering the market.<\/p>\n

 <\/p>\n

Resistance level: 1329.00, 1333.00<\/p>\n

Support level: 1323.00, 1315.00<\/p>\n","protected":false},"excerpt":{"rendered":"

26 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 Morning Session Analysis     Dollar dejected after Trump tweeted. US dollar extended its losses during early Asian trading session following US President Donald Trump\u2019s call to extend the trade deadline of March 1st. As of writing, the dollar index was quoted down 0.09% to 96.25. Greenback\u2019s appeal diminished following higher optimism […]<\/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\/47804"}],"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=47804"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/47804\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=47804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=47804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=47804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}