Action Insight Daily Report 10-21-19

Sterling Just Mildly Lower on Brexit Drama, Aussie Firm US-China Trade Progress

Action Insight Daily Report 10-21-19 Sterling Just Mildly Lower on Brexit Drama, Aussie Firm US-China Trade Progress Sterling opens the week mildly lower as Brexit uncertainty is dragging on. Nevertheless, selling pressure is weak so far because there is still enough time for the Commons to ratify the Brexit deal to even avoid another extension. At this point, Swiss Franc is following as second weakest, then Yen. On the other hand, Australian and New Zealand Dollars are the strongest for the day so far. Risk sentiments improved as Chinese Vice Premier Liu He confirmed substantial progress in trade negotiations with US. Released in Asian session, Japan trade deficit narrowed slightly to JPY -10T in September, better than expectation of -0.17T. All industry activity index rose 0.0% mom in August, above expectation of -0.1% mom. UK Rightmove house price index rose 0.5% mom in October. In Asian markets, Nikkei is currently up 0.32%. Hong Kong HSI is up 0.32%. China Shanghai SSE is down -0.01%. Singapore Strait Times is up 0.93%. Japan 10-year JGB yield is up 0.0131 at -0.137. Full Report Here Chinese VP Liu said substantial progress made for a phased US-China... Lagarde: ECB negative rates hasn't hit bottom yet Sterling mildly lower as UK seeks another Brexit extension UK Johnson forced to seek Brexit delay after losing Letwin amendment Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol CFTC Commitments of Traders – Traders Trimmed on Higher Precious Metal... CFTC Commitments of Traders – Traders Trimmed Bets on EUR and... Sterling Rally in Jeopardy after Johnson's Defeat, Dollar Selloff Exaggerated Central Bank Views | China Watch | Oil N' Gold | Special Topics AUD/USD Daily Outlook Daily Pivots: (S1) 0.6832; (P) 0.6845; (R1) 0.6868; More... Intraday in AUD/USD remains mildly on the upside as rebound from 0.6670 extends. At this point, we'd continue to expect strong resistance from 0.6894 resistance to limit upside to bring down trend resumption. On the downside, below 0.6810 minor support will turn intraday bias neutral first. Break of 0.6723 will target a test on 0.6670 low. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings GBP/USD And USD/CAD: US Dollar Under Pressure EUR/USD Primed For More Gains, GBP/USD Skyrockets Asia Morning: Risk Sentiment Jitters RBA: Policy Debate Hinges Around Risks of Ultra Low Rates Forex Forecast and Cryptocurrencies Forecast Weekly Economic and Financial Commentary: Cracks in the Foundation? The Weekly Bottom Line: Economic Data Overshadowed by Elections Weekly COT Report: Yen Traders Flip To Net-Short Week Ahead: Brexit Vote, Canadian Elections and ECB Mind the Gap after Brexit Vote Brexit Optimism Rises Despite Parliament Obstacle Forward Guidance: Political Headlines to Dominate Week Ahead Week Ahead – Draghi's Last ECB Meeting and Brexit Vote to Headline Muted Data Week Perspective on Asia: China Growth Disappoints as External Demand and Investment Weigh Weekly Market Update – Deal or No Deal? China Weekly Letter – US Compromise Raises Chances of a Real Trade Deal Weekly Focus: Brexit Deal Could Mark the End of the Beginning   Fundamental Analysis | Technical Analysis In-depth Reports RBA: Policy Debate Hinges Around Risks of Ultra Low Rates 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 Strong Inflation Could Affect PBOC's Policy to Stimulate Growth; Trade Data Suggests China Continues to Suffer from Trade War 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 23:00 GBP Rightmove House Price Index M/M Oct 0.50% -0.20% 23:50 JPY Trade Balance (JPY) Sep -0.10T -0.17T -0.13T -0.12T 4:30 JPY All Industry Activity Index M/M Aug 0.0% -0.10% 0.20% 6:00 EUR Germany PPI M/M Sep -0.10% -0.50% 6:00 EUR Germany PPI Y/Y Sep -0.30% 0.30% 10:00 EUR German Buba Monthly Report

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