Action Insight Weekly Report 9-8-19

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

Action Insight Weekly Report 9-1-19 Risk Markets Surged on Receding Political and Trade Uncertainties Risk aversion eased notably further last week as some of the imminent risks receded. New Italian government was sworn in as 5-Star Movement and bitter rival Democratic Party agreement to form a coalition. UK lawmakers passed a bill to force Prime Minister Boris Johnson to delay Brexit if no deal could be made. Johnson's push for general election in October also failed so far. Most importantly, US and China appear to be back on negotiation table and the teams are working towards a face-to-face meeting in October. Over the week, commodity currencies ended as the strongest ones, as led by New Zealand, Australian and then Canadian Dollars. Yen was the weakest with the turn on sentiments, followed by Dollar and then Swiss Franc. Euro and Sterling are mixed. Euro will face the risk of ECB monetary easing this week. Pound will continue to pay attention to UK political and Brexit developments. Full Report Here Central Bank Views | China Watch | Oil N' Gold | Special Topics AUD/USD Weekly Outlook AUD/USD's rebound from 0.6677 resumed last week and closed strongly at 0.6849. Initial bias stays on the upside this week for 0.6910 support turned resistance, and possibly above. At this point, such rebound is seen as a corrective move, thus, upside should be limited below 0.7082 resistance to bring fall resumption. On the downside, below 0.6807 minor support will turn intraday bias back to the downside for retesting 0.6677 low. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings Weekly Economic and Financial Commentary: Hiring Cools as Trade War Heats Up The Weekly Bottom Line: Markets Keep Calm and Carry on…For Now Dollar Retreats After Jobs Miss and Higher Risk Appetite It's Time to Take Notice of Canada! Forward Guidance – Light Data Week Lets Us Digest BoC, US-China Developments ECB Research: Enough Talking, Now is the Time for Action Expect FOMC Rate Cuts in Mar & Jun 2020 Following Sept, Oct & Dec 2019 Decisions Week Ahead – ECB Stimulus Eyed; China Trade and US Retail Sales Data in Focus Too China Weekly Letter – New Trade Talks Put Escalation Fears in the Background Weekly Focus – It's Showtime for the ECB Fundamental Analysis | Technical Analysis In-depth Reports BOC Sounds Less Dovish than Expected, as Housing Market and Wage Growth Improve Brexit Monitor: Election May Lead Us To The Brexit End Game (But Not Necessarily) RBA Left Rate Unchanged, More Flexible on Future Policy Decision RBA Board Leaves Rates on Hold; Slightly More Downbeat; October the Likely Next Step Japan's Consumption Tax Hike Unlikely to Help Inflation Much Can Monetary and Fiscal Stimulus Save the Global Economy from Trump's Trade War?

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