{"id":55716,"date":"2019-04-25T00:51:52","date_gmt":"2019-04-25T00:51:52","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=55716"},"modified":"2019-04-25T00:51:52","modified_gmt":"2019-04-25T00:51:52","slug":"250419-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/250419-morning-session-analysis\/","title":{"rendered":"250419 Morning Session Analysis"},"content":{"rendered":"

25 April 2019\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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Greenback catapults as its peers relinquished.<\/strong><\/span><\/p>\n

US dollar advances further, touching its highest level in almost two-years following a slump in other major currencies such as euro and pound sterling. The dollar index which measure its strength against a basket of six major currencies rose 0.43% to 97.74, its highest level since 18th<\/sup> May 2017. In the UK front, pair of GBP\/USD fell 0.35% to 1.2905 following bearish developments with regards to politics. Conservative lawmakers decided on yesterday to go against tweaking leadership rules that would allow fresh attempts to oust UK Prime Minister Theresa May. The move was suggested after lawmakers within May\u2019s party call for her resignation as current Brexit talks with opposition leader Jeremy Corbyn has reportedly stalled. Due to higher political and Brexit uncertainty in the UK, investors dumped sterling and forgo for other currencies in the market. Similarly, pair of EUR\/USD depreciates by 0.58% to 1.1157 due to downbeat economic data from Germany. According to report, German Ifo Business Climate Index came in at 99.2, lower than economist forecast for a reading of 99.9. The data accompanies a slew of economic releases prior which shows significant reduction in economic momentum.<\/p>\n

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In the commodities section, crude oil price was down by 0.06% to $65.65 during Asian trading session. Oil prices snaps its bullish streak after Energy Information Administration reported that its stockpiles were up by 5.48 million barrels last week. American supplies grew for the fourth time in five weeks, indicating mediocre demand while coupled with extensive production. Otherwise, gold price was down by 0.06% to $1,274.87 a troy ounce due to stronger greenback.<\/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 AUD\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 ANZAC Day<\/p>\n

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\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\u00a0 ANZAC 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

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 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 BoJ Monetary Policy Statement<\/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 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 BoJ Outlook Report<\/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 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 BoJ Press Conference<\/p>\n

16:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR\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 ECB Economic Bulletin<\/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
Tentative<\/td>\nJPY \u2013 BoJ Interest Rate Decision<\/td>\n-0.10%<\/td>\n-0.10%<\/td>\n–<\/td>\n<\/tr>\n
18:00<\/td>\nGBP \u2013 CBI Industrial Trends Orders (Apr)<\/td>\n1<\/td>\n3<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core Durable Goods Orders (MoM) (Mar)<\/td>\n-0.1%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n192K<\/td>\n199K<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

\"\"<\/p>\n

DOLLAR_INDX, Daily: <\/strong>Dollar index extended gains following prior close above 97.65. MACD which illustrate bullish signal suggests the index to advance further up, towards the direction of 98.60.<\/p>\n

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Resistance level: 98.60, 100.15<\/p>\n

Support level: 97.65, 96.85<\/p>\n

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\"\"<\/p>\n

GBPUSD, Daily: <\/strong>GBPUSD extended its losses following prior close below 1.2900. MACD which illustrate bearish signal suggests the pair to advance further down, towards the direction of 1.2805.<\/p>\n

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Resistance level: 1.2900, 1.3000<\/p>\n

Support level: 1.2805, 1.2670<\/p>\n

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\"\"<\/p>\n

EURUSD, Daily: <\/strong>EURUSD remains traded within a downward channel while recently closed below 1.1200. MACD which illustrate bearish signal suggests the pair to extend its losses, towards the direction of 1.1100.<\/p>\n

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Resistance level: 1.1200, 1.1300<\/p>\n

Support level: 1.1100, 1.0960<\/p>\n

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\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY remains traded within a sideways channel while currently testing at the strong resistance of 112.20. MACD which has formed a golden cross signal suggests the pair to extend its gains after closing above 112.20.<\/p>\n

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Resistance level: 112.20, 112.80<\/p>\n

Support level: 111.75, 111.45<\/p>\n

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\"\"<\/p>\n

AUDUSD, Daily: <\/strong>AUDUSD remains traded within a downward channel while currently testing near the support of 0.6990. MACD which illustrate bearish signal suggests the pair to extend its losses after closing below 0.6990.<\/p>\n

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Resistance level: 0.7070, 0.7145<\/p>\n

Support level: 0.6990, 0.6885<\/p>\n

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\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower while currently testing near the support of 0.6580. MACD which illustrate bearish signal suggests the pair to extend its losses after closing below 0.6580.<\/p>\n

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Resistance level: 0.6630, 0.6670<\/p>\n

Support level: 0.6580, 0.6540<\/p>\n

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\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD extended its gains following prior close above 1.3485. MACD which illustrate bullish signal suggests the pair to advance further up, towards the direction of 1.3530.<\/p>\n

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Resistance level: 1.3530, 1.3575<\/p>\n

Support level: 1.3485, 1.3435<\/p>\n

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\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher following prior rebound from the support of 1.0190. MACD which illustrate diminished downward momentum suggests the pair to be traded higher, towards the direction of 1.0265.<\/p>\n

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Resistance level: 1.0265, 1.0310<\/p>\n

Support level: 1.0190, 1.0100<\/p>\n

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\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded lower following prior retrace from the resistance of 66.00. MACD which has formed a negative divergence signal suggests its prices to be traded lower after closing below the 20-MA line (red).<\/p>\n

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Resistance level: 66.00, 67.65<\/p>\n

Support level: 64.65, 63.70<\/p>\n

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\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower following prior retracement from its prior high level. MACD which illustrate diminishing upward momentum suggests its prices to be traded lower, towards the direction of 1267.00.<\/p>\n

 <\/p>\n

Resistance level: 1275.30, 1284.15<\/p>\n

Support level: 1267.00, 1253.25<\/p>\n","protected":false},"excerpt":{"rendered":"

25 April 2019\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     Greenback catapults as its peers relinquished. US dollar advances further, touching its highest level in almost two-years following a slump in other major currencies such as euro and pound sterling. The dollar index which measure its strength against a basket of six major currencies rose 0.43% to […]<\/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\/55716"}],"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=55716"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/55716\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=55716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=55716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=55716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}