{"id":94376,"date":"2019-12-26T01:16:13","date_gmt":"2019-12-26T01:16:13","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=94376"},"modified":"2019-12-26T01:16:13","modified_gmt":"2019-12-26T01:16:13","slug":"261219-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/261219-morning-session-analysis\/","title":{"rendered":"261219 Morning Session Analysis"},"content":{"rendered":"

26 December 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\u00a0 Morning Session Analysis<\/strong><\/p>\n

Yen slumped amid to positive prospect of trade war<\/strong><\/span><\/p>\n

Japanese Yen slumped on Tuesday amid easing trade tension between U.S and China, which stocked a shift in sentiment toward riskier asset while dragged down the appeal of Japanese Yen. According to Reuters, U.S. President Donald Trump claimed on Tuesday that he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal within this month. In fact, Chinese Foreign Ministry spokesman Geng Shuang also reiterated on yesterday that both countries were having a very good negotiation between each other. However, Beijing has not yet confirmed any specific components with regards of the trade deal that were released by U.S. officials. At this time, investors would still continue to scrutinize any updates with regards of the \u201cphase one\u201d trade deal in order to gauge the likelihood movement for the safe-haven until the trade deal is completely signed. As of writing, USD\/JPY appreciated by 0.02% to 109.36. On the other hand, the dollar index was traded flat at 97.62 with markets subdued by the holiday break.<\/p>\n

 <\/p>\n

In the commodities market, the crude oil price was traded flat at $61.20 per barrel. The oil market edged higher on Tuesday following Russia claimed that they would continue to cooperation with OPEC on supply cuts and amid optimism that the United States and China could finalize a trade agreement soon. On the other hand, gold price skyrocketed on Christmas Eve as investors continued to seek out the yellow metal as an insurance to a potential slide in equity market during the early 2020. As of writing, gold price appreciated by 0.08% to $1499.40 per troy ounces.<\/p>\n

 <\/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

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
21:30<\/td>\nInitial Jobless Claims<\/td>\n234K<\/td>\n220K<\/td>\n–<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, Daily: <\/strong>Dollar index was traded higher following prior breakout above the previous resistance level at 97.00. MACD which illustrated diminishing bearish momentum suggest the index to extend its gains toward resistance level at 97.55.<\/p>\n

 <\/p>\n

Resistance level: 97.55, 98,10<\/p>\n

Support level: 97.00, 96.50<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, Daily: <\/strong>GBPUSD was traded lower while currently testing the support level at 1.2940. However, MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 1.3160, 1.3340<\/p>\n

Support level: 1.2940, 1.2755<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from the support level at 1.1075. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains toward resistance level at 1.1105.<\/p>\n

 <\/p>\n

Resistance level: 1.1105, 1.1140<\/p>\n

Support level: 1.1075, 1.1050<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded within a range while currently testing the support level at 109.30. MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 109.65, 109.95<\/p>\n

Support level: 109.30, 108.90<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing the resistance level at 0.6925. However, MACD which illustrated increasing bearish momentum suggest the pair to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 0.6925, 0.6970<\/p>\n

Support level: 0.6880, 0.6845<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, Daily: <\/strong>NZDUSD was traded higher following prior rebound from the support level at 0.6785. However, MACD which illustrated increasing bearish momentum suggest the pair to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 0.6665, 0.6725<\/p>\n

Support level: 0.6585, 0.6505<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, Daily: <\/strong>USDCAD was traded higher following prior rebound from the support level at 1.3120. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains toward resistance level at 1.3220.<\/p>\n

 <\/p>\n

Resistance level: 1.3220, 1.3310<\/p>\n

Support level: 1.3120, 1.3045<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded lower while currently testing the support level at 0.9795. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses after it successfully breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 0.9835, 0.9875<\/p>\n

Support level: 0.9795, 0.9750<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, Daily: <\/strong>Crude oil price was traded higher following prior breakout above the previous resistance level at 60.70. However, MACD which illustrated diminishing bullish momentum suggest the commodity to be traded lower in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 62.30, 63.70<\/p>\n

Support level: 60.70, 58.85<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher following prior breakout above the previous resistance level at 1488.25. However, MACD which illustrated diminishing bullish momentum suggest the commodity to be traded lower in short-term as technical correction<\/p>\n

 <\/p>\n

Resistance level: 1497.85, 1511.00<\/p>\n

Support level: 1488.25, 1475.25<\/p>\n

 <\/p>\n

 <\/p>\n

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

26 December 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\u00a0 Morning Session Analysis Yen slumped amid to positive prospect of trade war Japanese Yen slumped on Tuesday amid easing trade tension between U.S and China, which stocked a shift in sentiment toward riskier asset while dragged down the appeal of Japanese Yen. According to Reuters, U.S. President Donald Trump claimed on Tuesday […]<\/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\/94376"}],"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=94376"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/94376\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=94376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=94376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=94376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}