Action Insight Daily Report 10-1-18

Canadian Dollar Soars as USMCA Trilateral Trade Deal Agreed Finally

Action Insight Daily Report 10-1-18 Canadian Dollar Soars as USMCA Trilateral Trade Deal Agreed Finally Canadian Dollar surges broadly today as the an agreement, the USMCA is finally reached with the US to replace NAFTA. Riding on the last week's post GDP rally, the Loonie is enjoying strong bullish momentum. The USMCA news further seal the case for an October BoC rate hike. At the time of writing, Swiss Franc is following as the second strongest, and then Dollar. Yen is the weakest one as Nikkei extends recent rise, followed by Australian Dollar and then Euro. In other markets, Nikkei is currently up 0.56% at the time of writing,confirming medium term up trend resumption. Singapore Strait Times is up 0.12%. China and Hong Kong are on holiday. WTI crude oil is up 0.31 at 73.56 and it's on track for 75.27 key resistance level. Gold is back below 1190 as Friday's recovery faded. Technically, USD/CAD has taken out 1.2883 key support level today. It's still a bit early to confirm medium term reversal and that will very much depends on downside momentum ahead. But Canadian Dollar's strength is rather overwhelming. And it's rightly so given expectation of October BoC hike, a trade deal with US and strong oil price. EUR/CAD should now be targeting 1.4798 support to confirm resumption of down trend from 1.6151. CAD/JPY's rally is also on track to test 91.62 key resistance. Full Report Here NAFTA renamed USMCA, formally announced Japan Tankan large manufacturing dropped to 19 in Q3 Japan PMI manufacturing: Q3 average notably lower than Q1 & Q2 Australia manufacturing PMI rose to 59.0, two years of uninterrupted expansions China Caixin PMI manufacturing dropped to 50, downward pressure significant Canadian Dollar surges as NAFTA agreed Quick Comments Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol Dollar Higher on Hawkish Fed, Euro Dragged Down by Italy FOMC Hiked Rate and Removed "Accommodative" Policy Reference Dollar Rises as FOMC Awaited, But No Technical Level Broken Yet Central Bank Views | China Watch | Oil N' Gold | Special Topics USD/CAD Daily Outlook Daily Pivots: (S1) 1.2860; (P) 1.2954; (R1) 1.3003; More... USD/CAD drops sharply to as low as 1.2812 so far today and fall from 1.3385 resumes. With 1.2879 key fibonacci level firmly taken out, such decline should now target next fibonacci level at 1.2567, which is close to 1.2526 support. On the upside, break of 1.3081 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish even in case of recovery. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings GOLD Faces Price Hesitation Risk EUR/USD Back To Square One, Bears In Control NAFTA Down To The Wire USD Is Still Very Data-Dependent , So It Will Be Tricky To Trade Weekly Economic and Financial Commentary: Central Banks in Focus as Growth Remains Steady The Weekly Bottom Line: Don't Let Textual Changes Get in the Way of Rate Hikes Week ahead: NFP in Focus as Q4 Kicks Off Strong Dollar Awaits Jobs Report to Validate Further Fed Hikes Week Ahead – After Fed, US Jobs Report to Take Centre Stage; RBA Next to Set Rates Fundamental Analysis | Technical Analysis In-depth Reports Is the Dollar Rally on its Last Legs? Brexit Monitor Get Ready for the End-Game U.S.-China Trade Tensions Now A Key Risk To Growth Trump's Trade Crusade: Good or Bad for World Economy? FOMC Hiked Rate and Removed "Accommodative" Policy Reference Is the Fed Funds Rate Now in "Neutral" Territory? How Will the US Mid-Term Elections Impact Markets? Trump is Struggling With Only Two Months to Midterm Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 22:45 NZD Building Permits M/M Aug 7.80% -10.30% -10.80% 23:01 GBP GfK Consumer Confidence Sep -9 -8 -7 23:30 JPY Unemployment Rate Aug 2.40% 2.50% 2.50% 23:30 JPY Tokyo CPI Core Y/Y Sep 1.00% 0.90% 0.90% 23:50 JPY BOJ Summary of Opinions 23:50 JPY Industrial Production M/M Aug P 0.70% 1.50% -0.10% -0.20% 23:50 JPY Retail Trade Y/Y Aug 2.70% 2.20% 1.50% 05:00 JPY Housing Starts Y/Y Aug 1.60% 0.40% -0.70% 07:00 CHF KOF Leading Indicator Sep 102.2 100.1 100.3 98.9 07:55 EUR German Unemployment Change Sep 23K -9K -8K 07:55 EUR German Unemployment Claims Rate Sep 5.10% 5.20% 5.20% 08:30 GBP Current Account Balance (GBP) Q2 -20.3B -19.4B -17.7B -15.7B 08:30 GBP GDP Q/Q Q2 F 0.40% 0.40% 0.40% 09:00 EUR Eurozone CPI Estimate Y/Y Sep 2.10% 2.10% 2.00% 09:00 EUR Eurozone CPI Core Y/Y Sep A 0.90% 1.10% 1.00% 12:30 CAD Industrial Product Price M/M Aug -0.50% 0.60% -0.20% 12:30 CAD Raw Materials Price Index M/M Aug -4.60% 0.80% 0.70% 12:30 CAD GDP M/M Jul 0.20% 0.10% 0.00% 12:30 USD Personal Income Aug 0.30% 0.40% 0.30% 12:30 USD Personal Spending Aug 0.30% 0.40% 0.40% 12:30 USD PCE Deflator M/M Aug 0.10% 0.20% 0.10% 12:30 USD PCE Deflator Y/Y Aug 2.20% 2.30% 2.30% 12:30 USD PCE Core M/M Aug 0.00% 0.20% 0.20% 12:30 USD PCE Core Y/Y Aug 2.00% 2.00% 2.00% 13:45 USD Chicago PMI Sep 63.8 63.6 14:00 USD U. of Mich. Sentiment Sep F 96 100.8

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What is a 'Deferred Annuity'?

A deferred annuity is a type of annuity contract that delays income, installment or lump-sum payments until the investor elects to receive them.

Sharper Insight. Smarter Investing. Manage Preferences TERM OF THE DAY Deferred Annuity A deferred annuity is a type of annuity contract that delays income, installment or lump-sum payments until the investor elects to receive them. This type of annuity has two main phases: the savings phase, which is when you invest money into the account, and the income phase, which is when the plan is converted into an annuity begins paying the account owner. A deferred annuity can be variable or fixed. Term Of The Day Selected By Brett Sause CEO & Principal Atlantic Financial Group LLC Easton, MD www.atlanticfinancialgroup.org/ Breaking it Down: A deferred annuity is a contract between an individual and a life insurance company in which funds are exchanged for... Read More Related to "Deferred Annuity" An Overview of Annuities As part of your overall investment strategy, annuities may add value to your retirement in more ways than you think. Here's how they work. Read More Getting the Whole Story on Variable Annuities When you've maxed out your annual contributions to 401K, IRA, and other tax-deferred investment vehicles, variable annuities may be your alternative source to save money tax-deferred. But don't just blindly jump in, check out the following information before investing in it. Read More Break Out Of Annuity Prison Annuities offer security but also lock up your cash. The secondary market could be your key to escape. Read More Related Definitions Split-Funded Annuity A Split-Funded Annuity uses a portion of the principal to fund immediate monthly payments and the remaining portion to fund a deferred annuity. Read More Single-Premium Deferred Annuity (SPDA) A single-premium deferred annuity (SPDA) is an annuity established with a single payment featuring investment growth solely during the accumulation phase. Read More Variable Annuity A variable annuity is a type of annuity contract that allows for the accumulation of capital on a tax-deferred basis. Read More Delayed Annuity A delayed annuity is an annuity in which the first payment is not paid immediately, as in an immediate annuity. Read More You are currently subscribed as: mondemand.forex@blogger.com Unsubscribe  |  Manage Subscriptions Investopedia, LLC, A Division of IAC. 114 West 41st St, floor 8, New York NY 10036 Copyright © 2018, Investopedia, LLC. All Rights Reserved Follow Us: