{"id":67974,"date":"2019-07-11T02:25:12","date_gmt":"2019-07-11T02:25:12","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=67974"},"modified":"2019-07-11T02:27:05","modified_gmt":"2019-07-11T02:27:05","slug":"110719-analisis-sesi-pagi","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/110719-analisis-sesi-pagi\/","title":{"rendered":"110719 Analisis Sesi Pagi"},"content":{"rendered":"

11 July 2019\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 falls after Powell\u2019s dovish statement, safe-haven gains.<\/strong><\/p>\n

Dollar index measuring against a basket of six major currency pairs fell 0.10% to 96.56 following Federal Reserve (Fed) Chairman Jerome Powell\u2019s comments on trade uncertainties and concerns of slow global economic growth which continues to pressure the dollar market. During the Fed\u2019s congressional testimony, Powell emphasized that with ongoing trade uncertainties, business investment had since slowed down notably in recent months and warned about risk of weak inflation being more persistent than expected. Although expectations of a 50-basis point rate cut were lowered, Powell\u2019s statement did not remove the possibility for a 25-basis point cut during its monetary policy meeting this month, encouraging investors to sell dollar and enter into safe-haven assets. Throughout this year, the Fed had since changed their stance from a \u2018wait and see\u2019 approach to its readiness to \u2018act as appropriate\u2019, providing sustainment for US economic growth. In other news, pair of GBP\/USD inched higher by 0.06% to 1.2505 as of writing. The pound was initially being pressured by its downbeat data, with Manufacturing Production slumping to 1.4%, missing its forecast of 2.2%, while GDP met with economist\u2019s expectation to grow the 0.3%. However, the pound received high demand after Fed\u2019s Chairman Jerome Powell left the market with a dovish stance and signals of rate cut this month.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price further its gains by 0.45% to $60.50 per barrel as of writing following another fall in its stockpiles. According to the Energy Information Administration (EIA), crude oil inventories fell 9.5M barrels, exceeding economist\u2019s expectation to fall 3.1M. Falling inventories in the US had lowered concerns of oversupply in the market while pushing oil prices higher. Besides that, a weaker dollar also helped increasing the appeal of crude oil. Next, gold price skyrocketed yesterday, increasing by 0.38% to $1424.05 a troy ounce following dovish Fed which caused investors to flee the dollar market and enter into safe-haven assets.<\/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

19:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CrudeOIL\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 OPEC Monthly Report<\/p>\n

19:30\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 Publishes Account of Monetary Policy Meeting<\/p>\n

22:00\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
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
14:00<\/td>\nEUR \u2013 German CPI (Mom) (Jun)<\/td>\n0.3%<\/td>\n0.3%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Core CPI (MoM) (Jun)<\/td>\n0.1%<\/td>\n0.2%<\/td>\n–<\/td>\n<\/tr>\n
20:30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n221K<\/td>\n220K<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\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 96.95. MACD which illustrate bearish momentum signal with the formation of death cross suggest the dollar to extend its losses towards the support level 96.35.<\/p>\n

 <\/p>\n

Resistance level: 96.95, 97.55
\nSupport level: 96.35, 95.80<\/p>\n

 <\/p>\n

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 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher while currently testing the resistance level 1.2510. MACD which display bullish momentum signal with the formation of golden cross suggest the pair to extend its gains after it breaks above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.2510, 1.2595
\nSupport level: 1.2440, 1.2390<\/p>\n

 <\/p>\n

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 <\/p>\n


\n<\/strong><\/p>\n

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

EURUSD, H4: <\/strong>EURUSD was traded higher following prior breakout above the previous resistance level 1.1235. MACD which illustrate bullish momentum signal suggest the pair to extend its gains towards the resistance level 1.1280.<\/p>\n

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Resistance level: 1.1280, 1.1335<\/p>\n

Support level: 1.1235, 1.1185<\/p>\n

 <\/p>\n

 <\/p>\n

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\n<\/strong><\/p>\n

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

USDJPY, H4: <\/strong>USDJPY was traded lower while currently testing the support level 108.15. MACD which illustrate bearish bias signal with the formation of death cross suggest the pair to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 108.70, 109.15
\nSupport level: 108.15, 107.60<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing near the resistance level 0.6965. MACD which display bullish momentum signal with the formation of golden cross suggest the pair to extend its gains after it breaks above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.6965, 0.7000
\nSupport level: 0.6930, 0.6900<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher while currently testing near the resistance level 0.6650. MACD which display bullish momentum signal with the formation of golden cross suggest the pair to extend its gains after it breaks above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.6650, 0.6720
\nSupport level: 0.6600, 0.6550<\/p>\n

 <\/p>\n

 <\/p>\n


\n<\/strong><\/p>\n

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

USDCAD, H4: <\/strong>USDCAD was traded lower following prior breakout below the previous support level 1.3105. MACD which display bearish bias signal with the formation of death cross suggest the pair to extend its losses towards the support level 1.3040.<\/p>\n

 <\/p>\n

Resistance level: 1.3105, 1.3160
\nSupport level: 1.3040, 1.2970<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded lower while currently testing the support level 0.9870. MACD which illustrate bearish momentum signal suggest the pair to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 0.9935, 1.0005
\nSupport level: 0.9870, 0.9800<\/p>\n

 <\/p>\n

 <\/p>\n


\n<\/strong><\/p>\n

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

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior breakout above previous resistance level 59.60. MACD which illustrate bullish momentum suggest the commodity to extend its gains towards the resistance level 61.05<\/p>\n

 <\/p>\n

Resistance level: 61.05, 62.90
\nSupport level: 59.60, 57.60<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher following prior breakout above previous resistance level 1421.40. MACD which illustrate bullish momentum with the formation of golden cross suggest the commodity to extend its gains towards the resistance level 1437.95.<\/p>\n

 <\/p>\n

Resistance level: 1437.95, 1457.10
\nSupport level: 1421.40, 1403.15<\/p>\n","protected":false},"excerpt":{"rendered":"

11 July 2019\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 falls after Powell\u2019s dovish statement, safe-haven gains. Dollar index measuring against a basket of six major currency pairs fell 0.10% to 96.56 following Federal Reserve (Fed) Chairman Jerome Powell\u2019s comments on trade uncertainties and concerns of slow global economic growth which continues to pressure the dollar market. […]<\/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\/67974"}],"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=67974"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/67974\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=67974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=67974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=67974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}