{"id":65641,"date":"2019-06-27T02:25:59","date_gmt":"2019-06-27T02:25:59","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=65641"},"modified":"2019-06-27T02:25:59","modified_gmt":"2019-06-27T02:25:59","slug":"270619-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/270619-morning-session-analysis\/","title":{"rendered":"270619 Morning Session Analysis"},"content":{"rendered":"

27 June 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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Mnuchin\u2019s positive comment wake greenback up.<\/strong><\/span><\/p>\n

Dollar index which measure its value against a basket of six major currencies rose following US Treasury Secretary Mnuchin gave out optimistic comment on trade talk deal between US and China yesterday. The message of \u2018we were about 90% complete on sealing trade deal with China\u2019 was told by Mnuchin in a CNBC interview and eventually boosted up the dollar market sentiment as it lifted up the possibility of trade deal will be achieved in coming G20 Summit. Moreover, greenback received another wave of huge demand after upbeat economic data been announced from the region. According to Census Bureau, U.S. Core Durable Goods Orders data showed a reading of 0.3%, exceeding the economist\u2019s forecast of 0.1%. Despite growing risk in the economy, Us-made capital good order still increased solidly and indicating the US economy is remain resilient. As of now, investors are eye on GDP data later today to gauge the further direction of Greenback.As of writing, dollar index up 0.03% to 96.70. On the other hand, the pair of GBP\/USD quoted up 0.07% to 1.2695 amid British government is drafting a plan to ensure that vital supplies can be brought into the country in the event of no deal Brexit. It dampened the market sentiment toward the risk of no deal Brexit may dragged the UK economy further down.<\/p>\n

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As for commodities market, crude oil price ticked up by 0.03% to $59.15 per barrel following a major drop in stockpile. According to the Energy Information Administration, oil stock fell by 12.788M, exceeding the economist\u2019s forecast of fell by 2.540M. On the other hand, gold price inched down 0.03% to $1406.45 a troy ounce amid dollar\u2019s strengthen.<\/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

N\/A<\/p>\n

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Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\n\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
20:00<\/td>\nEUR \u2013 German CPI (MoM) (Jun)<\/td>\n0.2%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 GDP (QoQ) (Q1)<\/td>\n3.1%<\/td>\n3.1%<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD – Pending Home Sales (MoM) (May)<\/td>\n-1.5%<\/td>\n1.1%<\/td>\n–<\/td>\n<\/tr>\n
07:30 (28th<\/sup>)<\/td>\nJPY – Tokyo Core CPI (YoY) (Jun)<\/td>\n1.1%<\/td>\n1.0%<\/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 higher while currently testing the 20-MA line (green). MACD which illustrate bullish momentum suggest dollar to extend its gains after successfully closing above the 20-MA line.<\/p>\n

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Resistance level: 96.30, 97.00
\nSupport level: 95.50, 95.00<\/p>\n

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GBPUSD, H4: <\/strong>GBPUSD was traded higher while currently testing the 20-MA line (green). MACD which display diminishing bearish momentum suggest the pair to be traded higher after successfully closing above the 20-MA line.<\/p>\n

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Resistance level: 1.2755, 1.2810
\nSupport level: 1.2655, 1.2610<\/p>\n

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\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower while currently testing the support level 1.1360. MACD which illustrate bearish momentum suggest the pair to extend its losses after successfully breaking below the support level.<\/p>\n

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Resistance level: 1.1400, 1.1445
\nSupport level: 1.1360, 1.1305<\/p>\n

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USDJPY, H4: <\/strong>USDJPY was traded lower following prior retracement from the resistance level 107.80. MACD which display diminishing bullish momentum suggest the pair to extend its retracement towards the support level 107.35.<\/p>\n

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Resistance level: 107.80, 108.20
\nSupport level: 107.35, 106.80<\/p>\n

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AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing near the resistance level at 0.7000. Due to lack of momentum from the MACD, a breakout above or retracement from the resistance level 0.7000 is required to obtain further confirmation before entering the market.<\/p>\n

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Resistance level: 0.7000, 0.7055
\nSupport level: 0.6970, 0.6930<\/p>\n

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NZDUSD, Daily: <\/strong>NZDUSD was traded higher following prior breakout above previous resistance level at 0.6675. MACD which illustrate ongoing bullish momentum suggest the pair to extend its gains towards the resistance level 0.6720.<\/p>\n

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Resistance level: 0.6720, 0.6770
\nSupport level: 0.6675, 0.6635<\/p>\n

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USDCAD, H4: <\/strong>USDCAD was traded lower while currently testing the support level 1.3110. MACD which illustrate bearish momentum with the formation of death cross suggest the pair to extend its losses after successfully breaking below the support level.<\/p>\n

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Resistance level: 1.3160, 1.3240
\nSupport level: 1.3110, 1.3055<\/p>\n

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USDCHF, H4: <\/strong>USDCHF was traded higher following prior rebound from the support level 0.9750. MACD which display bullish momentum suggest the pair to extend its rebound towards the resistance level 0.9805.<\/p>\n

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Resistance level: 0.9805, 0.9860
\nSupport level: 0.9750, 0.9715<\/p>\n

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CrudeOIL, H4: <\/strong>Crude oil price was traded lower following prior retracement near the resistance level 60.20. MACD which illustrate diminished bullish momentum suggest the commodity to extend its retracement towards the support level 57.95.<\/p>\n

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Resistance level: 60.20, 61.80
\nSupport level: 57.95, 55.85<\/p>\n

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GOLD_, H1: <\/strong>Gold was traded flat above the support level at 1406.50. MACD which illustrate diminishing bullish momentum suggest gold to be traded lower after successfully breaking below the support level.<\/p>\n

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Resistance level: 1421.40, 1440.00
\nSupport level: 1406.50, 1386.35<\/p>\n","protected":false},"excerpt":{"rendered":"

27 June 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     Mnuchin\u2019s positive comment wake greenback up. Dollar index which measure its value against a basket of six major currencies rose following US Treasury Secretary Mnuchin gave out optimistic comment on trade talk deal between US and China yesterday. The message of \u2018we were about 90% complete on […]<\/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\/65641"}],"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=65641"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/65641\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=65641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=65641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=65641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}