{"id":82979,"date":"2019-10-14T06:39:23","date_gmt":"2019-10-14T06:39:23","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=82979"},"modified":"2019-10-14T06:39:23","modified_gmt":"2019-10-14T06:39:23","slug":"141019-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/141019-afternoon-session-analysis\/","title":{"rendered":"141019 Afternoon Session Analysis"},"content":{"rendered":"

14 October 2019\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

EUR\/USD slump, doubt on Brexit.<\/strong><\/span><\/p>\n

EUR\/USD slump amid market doubt against the Brexit deal. According to Guardian, a breakthrough in the Brexit talks has failed to materialize after a weekend of intensive negotiations, with European Union capitals concluding that it may now be impossible for the UK to leave the EU by 31 October with a deal, raising the uncertainty on Brexit issue and spurring sell-off for EUR\/USD. In addition, Prime Minister Boris Johnson had told his colleagues that \u201cthere is still a significant amount of work to get there and we must remain prepared to leave on 31 October\u201d. The lack of progress over the weekend has left scant hope on soft-Brexit, raising the doubt for the Brexit delay on 31st<\/sup> October. On the other hand, Japanese Yen slump as trade tensions between US and China was eased. According to Donald Trump\u2019s Twitter account, he had written that \u201cI agreed not to increase tariffs from 25% to 30% on October 15th<\/sup>.\u00a0 Indeed, the relationship with China is very good since China start buying very large quantities of U.S. Agricultural product.\u201d Japanese Yen came under pressure as positive expectation for resolution of trade war has stoked a shift in sentiment toward riskier assets. As of writing, EUR\/USD depreciated by 0.10% to 1.1025 and USD\/JPY slump 0.08% to 108.29.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price rose amid to the rise of geopolitical tensions in the Middle East and the positive expectation for the resolution of trade war. On the other hand, gold price slump amid to risk-on sentiment, spurring higher demand for risky assets. As of writing, crude oil price slump 0.86% to $54.42 per barrel and gold price slump 0.18% to $1486.64 per troy ounces.<\/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

All Day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CAD\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 Canada \u2013 Thanksgiving Day<\/p>\n

All Day\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 Japan \u2013 Health-Sports Day<\/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

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\n

N\/A<\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded higher following prior rebound from the support level at 97.95. MACD which illustrate diminishing downward momentum suggests the index to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 98.15, 98.35<\/p>\n

Support level: 97.95, 97.75<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, Daily: <\/strong>GBPUSD was traded higher while currently testing at the resistance level at 1.2585. MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 1.2585, 1.2760<\/p>\n

Support level: 1.2425, 1.2305<\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

 <\/p>\n

Resistance level: 1.1050, 1.1070<\/p>\n

Support level: 1.1020, 1.0995<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher following prior breakout above the previous resistance level at 107.85. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains toward the resistance level at 108.45.<\/p>\n

 <\/p>\n

Resistance level: 108.45, 108.85<\/p>\n

Support level: 107.85, 107.40<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower following prior retracement from 0.6795. MACD which illustrate diminished upward momentum suggests the pair to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 0.6795, 0.6825<\/p>\n

Support level: 0.6765, 0.6740<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H1: <\/strong>NZDUSD was traded lower following prior retrace from 0.6310. MACD which illustrate increasing bearish momentum suggests the pair to be traded lower toward the support level at 0.6290.<\/p>\n

 <\/p>\n

Resistance level: 0.6310, 0.6320<\/p>\n

Support level: 0.6290, 0.6285<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, Daily: <\/strong>USDCAD was traded lower following prior retracement from the resistance level at 1.3335. MACD which illustrate diminishing bullish momentum suggest the pair to extend its losses toward support level at 1.3205<\/p>\n

 <\/p>\n

Resistance level: 1.3335, 1.3380<\/p>\n

Support level: 1.3205, 1.3140<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher following prior breakout above the previous resistance level at 0.9965. MACD which illustrate increasing bullish momentum suggests the pair to extend its gains towards resistance level at 0.9985.<\/p>\n

 <\/p>\n

Resistance level: 0.9985,1.0005<\/p>\n

Support level: 0.9965, 0.9940<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H1: <\/strong>Crude oil price was traded higher following prior rebound from the lower level. However, MACD which illustrated diminishing bullish momentum suggest its price to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 54.90, 55.60<\/p>\n

Support level: 53.75, 52.95<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher following prior rebound from the support level at 1480.40. MACD which illustrated diminishing bearish momentum suggest the commodity to extend its gain toward the resistance level at 1492.60.<\/p>\n

 <\/p>\n

Resistance level: 1492.60, 1503.05<\/p>\n

Support level: 1480.40, 1473.25<\/p>\n

\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

14 October 2019\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis EUR\/USD slump, doubt on Brexit. EUR\/USD slump amid market doubt against the Brexit deal. According to Guardian, a breakthrough in the Brexit talks has failed to materialize after a weekend of intensive negotiations, with European Union capitals concluding that it may now be impossible for the UK to leave […]<\/p>\n","protected":false},"author":61,"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\/82979"}],"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\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=82979"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/82979\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=82979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=82979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=82979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}