{"id":79921,"date":"2019-09-25T01:14:11","date_gmt":"2019-09-25T01:14:11","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=79921"},"modified":"2019-09-25T01:14:11","modified_gmt":"2019-09-25T01:14:11","slug":"250919-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/250919-morning-session-analysis\/","title":{"rendered":"250919 Morning Session Analysis"},"content":{"rendered":"

25 September 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 Morning Session Analysis<\/strong><\/p>\n

 <\/p>\n

Dollar slipped over soft consumer confidence.<\/strong><\/span><\/p>\n

Greenback slipped against other major currencies on yesterday after recently released consumer confidence data came in lower than expected. As of writing, the dollar index was down 0.28% to 97.87 during early Asian session. According to Conference Board, its Consumer Confidence Index fell the most in 9 months in September to 125.1. It is significantly lower than previous reading of 134.2 while missing economists\u2019 forecast of 134.1. Overall consumer outlook towards the US economy has dampened following escalation in trade and tariff tensions between US and China. Likewise, rising political jitters in Washington has led to further downward pressure on the greenback after House of Representatives open a formal impeachment inquiry against US President Donald Trump over a phone call with Ukraine\u2019s President in July. Trump and his allies were accused of pressuring a foreign leader to investigate a domestic political opponent. On the other hand, pair of GBP\/USD rose 0.04% to 1.2493 this morning. Pound sterling extended its gains after UK Supreme Court ruled that the suspension of Parliament by UK Prime Minister Boris Johnson is unlawful. Furthermore, the vote was unanimous and states that Johnson\u2019s decision to suspend the Parliament from carrying out its constitutional functions without any reasonable justification.<\/p>\n

 <\/p>\n

As for commodities, crude oil price slipped 0.04% to $56.84 per barrel. Oil futures received some bearish pressure after American Petroleum Institute reported an increase in last week\u2019s crude oil stocks by 1.4 million barrels. On the other hand, gold price slipped 0.06% to $1,531.36 a troy ounce following yesterday\u2019s rise due to profit taking.<\/p>\n

\u00a0<\/u><\/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

10:00\u00a0\u00a0\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 \u00a0RBNZ Rate Statement<\/p>\n

11:00\u00a0\u00a0\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 \u00a0RBNZ Press Conference<\/p>\n

 <\/p>\n


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

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

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
10:00<\/td>\nNZD \u2013 RBNZ Interest Rate Decision<\/td>\n1.00%<\/td>\n1.00%<\/td>\n–<\/td>\n<\/tr>\n
14:00<\/td>\nEUR \u2013 GfK German Consumer Climate (Oct)<\/td>\n9.7<\/td>\n9.7<\/td>\n–<\/td>\n<\/tr>\n
22:00<\/td>\nUSD \u2013 New Home Sales (Aug)<\/td>\n635K<\/td>\n660K<\/td>\n–<\/td>\n<\/tr>\n
22:30<\/td>\nUSD \u2013 Crude Oil Inventories<\/td>\n1.058M<\/td>\n-0.249M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H1: <\/strong>Dollar index was traded higher following prior rebound from the lower level. MACD which illustrate diminished downward momentum suggests the index to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 97.95, 98.20<\/p>\n

Support level: 97.75, 97.40<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H1: <\/strong>GBPUSD was traded lower following prior retracement from the resistance near 1.2515. MACD which begins to form a death cross signal suggests the pair to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 1.2515, 1.2600<\/p>\n

Support level: 1.2400, 1.2325<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower while currently testing at the support of 1.1015. MACD which illustrate diminishing upward momentum suggests the pair to extend its losses after closing below 1.1015.<\/p>\n

 <\/p>\n

Resistance level: 1.1070, 1.1150<\/p>\n

Support level: 1.1015, 1.0930<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, Daily: <\/strong>USDJPY was traded lower while currently testing near the support of 107.05. MACD which illustrate bearish signal suggests the pair to extend its losses after closing below 107.05.<\/p>\n

 <\/p>\n

Resistance level: 107.60, 108.05<\/p>\n

Support level: 107.05, 106.55<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower following prior retrace from 0.6800. MACD which illustrate diminished upward momentum suggests the pair to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 0.6800, 0.6830<\/p>\n

Support level: 0.6750, 0.6705<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H1: <\/strong>NZDUSD was traded lower following prior retrace from its higher levels. MACD which illustrate bearish signal suggests the pair to extend its losses after closing below the 20-MA line (Red).<\/p>\n

 <\/p>\n

Resistance level: 0.612, 0.6300<\/p>\n

Support level: 0.6290, 0.6250<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower following prior breakout from the support of 1.3255. MACD which illustrate persistent bearish signal suggests the pair to extend its losses in mid-term.<\/p>\n

 <\/p>\n

Resistance level: 1.3255, 1.3280<\/p>\n

Support level: 1.3220, 1.3190<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher following prior rebound from the lower levels. MACD which illustrate diminishing downward momentum suggests the pair to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 0.9865, 0.9925<\/p>\n

Support level: 0.9820, 0.9775<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded lower following prior breakout at 57.30. MACD which illustrate bearish signal suggests its price to extend its losses, towards the direction of 55.55.<\/p>\n

 <\/p>\n

Resistance level: 57.30, 58.70<\/p>\n

Support level: 55.55, 54.45<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher while currently testing at 1533.00. MACD which illustrate bullish signal suggests its price to extend its gains after breaking the resistance of 1533.00.<\/p>\n

 <\/p>\n

Resistance level: 1533.00, 1550.00<\/p>\n

Support level: 1523.00, 1509.00<\/p>\n","protected":false},"excerpt":{"rendered":"

25 September 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 Morning Session Analysis   Dollar slipped over soft consumer confidence. Greenback slipped against other major currencies on yesterday after recently released consumer confidence data came in lower than expected. As of writing, the dollar index was down 0.28% to 97.87 during early Asian session. According to Conference Board, its Consumer Confidence Index […]<\/p>\n","protected":false},"author":25,"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\/79921"}],"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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=79921"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/79921\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=79921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=79921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=79921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}