Action Insight Daily Report 7-15-19

Euro Turns Soft, Ignoring Strong Industrial Production and Rebound in German Yield

Action Insight Daily Report 7-15-19 Australian Dollar Higher on China Data, More Important Global Data Ahead Markets are in mild risk seeking mode in Asian session, following record run in the US. China's GDP data slowed to 27-year low in Q2, but strong June data offered glimpse of hope. New Zealand and Australian Dollar follow the trend and strength today. Yen and Swiss Franc soften naturally. A large number of important economic data are featured ahead, which will surely make it an interesting week. Technically, immediate focus will be on 0.7047 resistance in AUD/USD. Firm break will confirm resumption of recent rebound from 0.6831 for 0.7118 fibonacci level next. EUR/AUD is also pressing 1.6025 support and firm break will resume the fall from 1.6448 towards 1.5683 low. 0.8954 in EUR/GBP is another focus. Break will be an early sign of near term bearish reversal. That is, fortune of Euro and Sterling would start to reverse in that case. In Asia, currently, Japan is on holiday. Hong Kong HSI is up 0.08%. China Shanghai SSE is up 0.30%. Singapore Strait Times is down -0.07%. Full Report Here China Q2 GDP slowed to 27-year low, but June data beat... WH Navarro: Trade negotiation with China in a quiet period, be... ECB Visco : Will asset hot to adjust policy instruments in the... Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol CFTC Commitments of Traders – Traders Resumed Bets on Higher USD... CFTC Commitments of Traders – Bets for Higher Oil and Gold... Dollar Reversed, Stocks Made New Records on as Fed Cut Expectations... Central Bank Views | China Watch | Oil N' Gold | Special Topics AUD/USD Daily Outlook Daily Pivots: (S1) 0.6986; (P) 0.7006; (R1) 0.7040; More... Intraday bias in AUD/USD remains on the upside for 0.7047 resistance. Break will resume the rebound from 0.6831 and target 61.8% retracement of 0.7295 to 0.6831 at 0.7118. Sustained trading above will pave the way to 0.7205 resistance next. On the downside, break of 0.6983 minor support will turn bias to the downside for 0.6910 support instead. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings Chinese Economy At Slowest Pace Since Early 1990s Aussie Steady As China Growth Slows GBP/USD And EUR/GBP: British Pound Remains Supported EUR/USD Likely To Face Hurdles Near 1.1300 EURUSD Eyes Further Recovery Short Term USDCHF Bear Pressure Set To Extend Lower Weekly Economic and Financial Commentary: "To Call Something Hot, You Need to See Some Heat" The Weekly Bottom Line: Bank of Canada Signals High Bar to Cuts Forward Guidance: Inflation Data to Keep BoC on the Sidelines, For Now Week Ahead: Chinese and UK Data Take center Stage As Central Banks Move to Cut Rates Again, How Much Lower Can They Go? Week ahead – Flurry of Key Data Eyed as Markets Digest Powell's Cautiousness Cliff Notes: Consumer Sentiment Questions Effectiveness of Rate Cuts Fundamental Analysis | Technical Analysis In-depth Reports China's Strong Trade Surplus Driven by Contraction in Imports. Strong Inflation Unlikely Restrains Further Easing As Central Banks Move to Cut Rates Again, How Much Lower Can They Go? July a Done Deal for FOMC, with Risks Front of Mind What Christine Lagarde As ECB President Means For the Euro Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 23:01 GBP Rightmove House Prices M/M Jul -0.20% 0.30% 2:00 CNY GDP Y/Y Q2 6.20% 6.20% 6.40% 2:00 CNY Fixed Assets Ex Rural YTD Y/Y Jun 5.80% 5.60% 5.60% 2:00 CNY Industrial Production Y/Y Jun 6.30% 5.20% 5.00% 2:00 CNY Retail Sales Y/Y Jun 9.80% 8.50% 8.60% 2:00 CNY Surveyed Jobless Rate Jun 5.10% 5.00% 6:30 CHF Producer & Import Prices M/M Jun 0.00% 0.00% 6:30 CHF Producer & Import Prices Y/Y Jun -0.90% -0.80% 12:30 USD Empire State Manufacturing Jul 2 -8.6

Action Forex Company Limited, Room 804, 8/F., Prosperity Centre, 982 Canton Road, Mongkok, Kowloon 852 Hong Kong SafeUnsubscribe™ mondemand.forex@blogger.com Forward this report to a friend! | Update Profile | About our service provider Sent by contact@actionforex.com in collaboration with Try email marketing for free today!