{"id":96433,"date":"2020-01-09T01:07:07","date_gmt":"2020-01-09T01:07:07","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=96433"},"modified":"2020-01-09T01:07:07","modified_gmt":"2020-01-09T01:07:07","slug":"090120-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/090120-morning-session-analysis\/","title":{"rendered":"090120 Morning Session Analysis"},"content":{"rendered":"

09 January 2020\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 soars amid Trump remarks.<\/strong><\/span><\/p>\n

Dollar index have climb against its basket of six major rival pairs as latest remarks from Donald Trump signaled de-escalation in conflict with Iran despite recent conflict. According to the latest response, U.S President Donald Trump have stated that the U.S. “will immediately impose additional punishing economic sanctions on the Iranian regime.” The sanctions would remain in force until Iran changes its behavior, he added. Besides that, Trump also emphasized that United States did not necessarily have to respond militarily to Iranian missile attacks on military bases housing U.S. troops in Iraq overnight. As the military response suggested that Trump is seeking to defuse the tension, the remarks have provide relief and eased investors\u2019 concerns for now. At the time of writing, dollar index rose 0.32% to 97.98.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price fell 0.17% to $59.85 per barrel as of writing following surprise inventory build. According to the Energy Information Administration (EIA), U.S. crude stockpiles rose by 1.2 million barrels for the week ended Jan. 3. The results were disappointing as market was looking for a decline of 3.6 million barrels. On the other hand, gold price plummets 0.16% to $1557.13 a troy ounce at the time of writing following the temporary de-escalation of tension between Iran and U.S have reduce the appeal for the safe-haven markets.<\/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

17.30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 GBP\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0BoE Gov Carney Speaks<\/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>\nUSD – Initial Jobless Claims<\/td>\n222K<\/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, H4: <\/strong>Dollar index was traded higher while currently testing the resistance level 96.95. MACD which illustrate ongoing bullish momentum suggest the dollar to extend its gains after it breaks above resistance level.<\/p>\n

 <\/p>\n

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

Support level: 96.50, 96.05<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower while currently testing the support level 1.3095. MACD which display bearish bias 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: 1.3225, 1.3320<\/p>\n

Support level: 1.3095, 1.2965<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower while currently testing the support level 1.1105. 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: 1.1175, 1.1250<\/p>\n

Support level: 1.1105, 1.1045<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher while currently testing near the resistance level 109.20. However, MACD which illustrate diminishing bullish momentum suggest the pair to experience a short term technical correction towards the support level 108.45.<\/p>\n

 <\/p>\n

Resistance level: 109.20, 109.70<\/p>\n

Support level: 108.45, 107.90<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower while currently testing near the support level 0.6850. However, MACD which illustrate diminishing bearish momentum with the starting formation of golden cross suggest the pair to be traded higher as a technical correction towards the resistance level 0.6925.<\/p>\n

 <\/p>\n

Resistance level: 0.6925, 0.6990<\/p>\n

Support level: 0.6850, 0.6800<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower while currently testing the support level 0.6640. However, MACD which illustrate diminishing bearish momentum with the starting formation of golden cross suggest the pair to be traded higher as a technical correction towards the resistance level 0.6740.<\/p>\n

 <\/p>\n

Resistance level: 0.6740, 0.6830<\/p>\n

Support level: 0.6640, 0.6565<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded higher following prior breakout above the previous resistance level 1.3015. MACD which display bullish momentum signal suggest the pair to extend its gains towards the resistance level 1.3105.<\/p>\n

 <\/p>\n

Resistance level: 1.3105, 1.3185<\/p>\n

Support level: 1.3015, 1.2955<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher while currently testing the resistance level 0.9735. MACD which illustrate bullish momentum signal suggest the pair to extend its gains after it breaks above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.9735, 0.9780<\/p>\n

Support level: 0.9660, 0.9590<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded lower following prior breakout below the support level 60.85. MACD which illustrate bearish momentum signal suggest the commodity to extend its losses towards the support level 58.55.<\/p>\n

 <\/p>\n

Resistance level: 60.85, 62.45<\/p>\n

Support level: 58.55, 56.30<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower while currently testing the support level 1555.20. MACD which illustrate bearish momentum signal with the recent formation of death cross suggest commodity to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1581.50, 1613.40<\/p>\n

Support level: 1555.20, 1533.25<\/p>\n","protected":false},"excerpt":{"rendered":"

09 January 2020\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 Morning Session Analysis   Dollar soars amid Trump remarks. Dollar index have climb against its basket of six major rival pairs as latest remarks from Donald Trump signaled de-escalation in conflict with Iran despite recent conflict. According to the latest response, U.S President Donald Trump have stated that the U.S. “will […]<\/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\/96433"}],"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=96433"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/96433\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=96433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=96433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=96433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}