Action Insight Daily Report 10-18-19

Markets Shrug Poor China GDP, Aussie and Kiwi Firm

Action Insight Daily Report 10-18-19 Markets Shrug Poor China GDP, Aussie and Kiwi Firm Australian and New Zealand Dollar are slightly firmer in Asian session today despite Chinese GDP miss. The stronger than expected industrial production growth ease some concerns over worse slowdown in Q4. Meanwhile, Sterling continues to consolidation in tight range, digesting this week's strong gains. The Pound's fate will heavily depend on the crucial Brexit vote on Saturday. As for the week, Sterling remains the strongest one, shot up by UK Prime Minister Boris Johnson's new Brexit deal with EU. The development took other European majors higher too, with Swiss Franc second strongest and Euro third. On the other hand, Yen is currently the weakest for the week, followed by Dollar, as risk aversions eased. In Asia, Nikkei closed up 0.18%. Hong Kong HSI is down -0.58%. China Shanghai SSE is down -1.14%. Singapore Strait Times is down -0.45%. Japan 10-year JGB yield is up 0.0089 at -0.145. Overnight, DOW rose 0.09%. S&P 500 rose 0.28%. NASDAQ rose 0.40%. 10-year yield rose 0.009 to 1.757. Full Report Here China GDP growth slowed to 6% in Q3, worst since 1992 Japan CPI core slowed to 0.3%, lowest since Apr 2017 Fed Williams: Economy in pretty good place with very resilient consumers US oil inventories rose 9.3m barrels, well above expectation of 2.7m Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol Oil Inventory – Market Ignored Huge Jump in US Stockpile Brexit Update – Hurdle is Still High in the Parliament Strong Inflation Could Affect PBOC's Policy to Stimulate Growth; Trade Data... Central Bank Views | China Watch | Oil N' Gold | Special Topics AUD/USD Daily Outlook Daily Pivots: (S1) 0.6775; (P) 0.6804; (R1) 0.6855; More... Intraday bias in AUD/USD remains mildly on the upside as rebound from 0.6677 is extending. But outlook is unchanged that such rebound is seen as a corrective move. Hence, upside should be limited by 0.6894 resistance to bring down trend resumption. On the downside, break of 0.6723 minor support will turn bias back to the downside for retesting 0.6670 low. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings Johnson And Juncker Put Pen To Paper AUD/USD And NZD/USD Are Gaining Bullish Momentum China Growth Below Forecast Scary Like Monday Morning USD/JPY Primed For More Upsides In Near Term Asia Morning: AUD Performance Sticky Volatility Assessment Ahead Of Brexit Deal Vote | GBP/USD, GBP/JPY, EUR/GBP As Lagarde Prepares to Take Over the Helm, Troubles Brew at the ECB; How Will Euro be Affected? Fundamental Analysis | Technical Analysis In-depth Reports As Lagarde Prepares to Take Over the Helm, Troubles Brew at the ECB; How Will Euro be Affected? QE or Not QE? That Is Not the Question Who Is Most Exposed to a Global Manufacturing Slowdown? Strong Inflation Could Affect PBOC's Policy to Stimulate Growth; Trade Data Suggests China Continues to Suffer from Trade War RBA Minutes - Sending Dovish Message by Rebuking Arguments in Favor of Keeping Rates Unchanged RBA Minutes Make Strong Case for Lower Rates but Timing Still Likely to be February for the Next Cut US-China Trade: 'Phase 1' Trade-Deal Not a Game-Changer for the Global Economy What To Expect From Central Banks In The Next Global Downturn Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 23:30 JPY National CPI Core Y/Y Sep 0.30% 0.30% 0.50% 2:00 CNY GDP Y/Y Q3 6.00% 6.10% 6.20% 2:00 CNY Retail Sales Y/Y Sep 7.80% 7.80% 7.50% 2:00 CNY Industrial Production Y/Y Sep 5.80% 5.00% 4.40% 2:00 CNY Fixed Asset Investment YTD Y/Y Sep 5.40% 5.40% 5.50% 8:00 EUR Current Account (EUR) Aug 21.3B 20.5B

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