Action Insight Weekly Report 9-1-19

EUR/USD Resumed Down Trend as Dollar Surged after China Backed Down on Tariff Escalations

Action Insight Weekly Report 9-1-19 EUR/USD Resumed Down Trend as Dollar Surged after China Backed Down on Tariff Escalations Dollar ended as the strongest major currency last week, largely thanks to late buying before weekly close. It remains to be proved whether that was due to month end flows. But somewhat receding risk of US-China decoupling and expectations of aggressive Fed cut could have provided some help too. Though, the greenback will then be facing risks some another round of important economic data this week, including non-farm payrolls. Staying in the currency markets, Canadian Dollar was the second strongest last week as supported by solid GDP report, followed by Australian Dollar. Swiss Franc Franc and Euro were the weakest ones. In particular, Euro hit new two year low against Dollar. Sterling ended just mixed after Prime Minister Boris Johnson's move to suspend parliament, as a tactic to force through no-deal Brexit. Full Report Here Central Bank Views | China Watch | Oil N' Gold | Special Topics EUR/USD Weekly Outlook EUR/USD dropped to as low as 1.0963 last week and break of 1.1026 confirms down trend resumption. Initial bias remains on the downside this week. Next near term target is 100% projection of 1.1412 to 1.1026 from 1.1249 at 1.0683. On the upside, above 1.1049 minor resistance will turn intraday bias neutral and bring consolidations again first. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings Weekly Economic and Financial Commentary: Consumers Keeping the U.S. Economy Afloat The Weekly Bottom Line: Uncertainty Still Name of The Game US Dollar Screaming Higher as Month End Flows Dominate Week Ahead – New Tariffs Begin on China as RBA, BOC, Riksbank and CBR Have Rate Decisions Week Ahead – Aussie Q2 Data, RBA and BoC Meetings, US Jobs Report and Brexit to Make for a Busy Week Forward Guidance: Bank of Canada to Break its Summer Silence Weekly Focus: September is a Key Month for Central Bank Policies Fundamental Analysis | Technical Analysis In-depth Reports China Cuts Banks' Lending Rates as Trade War Escalates Italy: Salvini May Have Thrown a Boomerang Can Monetary and Fiscal Stimulus Save the Global Economy from Trump's Trade War? Trade War, Not Protests, is Key Reason For Slowdown. USDHKD Peg Not at Risk RBA: 50bps in Cuts Look Assured But Global Factors May Require More Stimulus Will German Fiscal Stimulus Be Too Little, Too Late?

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