Action Insight Daily Report 10-4-19

Dollar Soft ahead of Non-Farm Payroll, 10-Year Yield Dived

Action Insight Daily Report 10-4-19 Dollar Soft ahead of Non-Farm Payroll, 10-Year Yield Dived Dollar trades generally softer today as markets turned cautious ahead of non-farm payroll report. After a string of weak economic data from the US this week, recession fears intensified. NFP today could be a make-or-break point for investor sentiments in general. For now, Swiss Franc is the weakest for today, followed by Dollar. New Zealand Dollar is the strongest, followed by Australian. But for the weak, Yen is the strongest followed by Sterling, while Swiss Franc is weakest followed by Canadian. Technically, USD/JPY's break of 106.96 support yesterday aligned its outlook with other Yen crosses. That is, rebound from 104.45 has completed to 108.47. Deeper fall would be seen back to retest this low. AUD/USD formed a temporary low after drawing support from 0.6677 low. Further recovery is now in favor but upside should be limited by 0.8894 resistance to bring fall resumption eventually. UD/CAD lost some momentum but is still on track to take on 1.3382 resistance. In Asia, currently, Nikkei is currently up 0.25%. Hong Kong HSI is down -0.37%. China is still on holiday. Singapore Strait Times is down -0.31%. Japan 10-year JGB yield is down -0.0173 at -0.207. Overnight, DOW rose 0.47%. S&P 500 rose 0.80%. NASDAQ rose -1.12%. 10-year yield dropped -0.060 to 1.536. 30-year yield dropped -0.048 to 2.038. Full Report Here 10-year yield heading back to 1.429 low as non-farm payrolls watched EU Malmstrom still working on negotiated solution with US on tariffs Japan Aso said no immediate need for stimulus to counter sales... Fed Clarida will take each FOMC meeting one at a time Gold jumps on intensified recession fear, heading to 1557 high   Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol Concerns over Capital Outflow in Hong Kong Exaggerated US Crude Oil Inventory Gained Last Week, In Contrast to API's... Brexit Update – Johnson's New Proposal Unlikely Resolves Irish Border Problem Central Bank Views | China Watch | Oil N' Gold | Special Topics USD/JPY Daily Outlook Daily Pivots: (S1) 106.49; (P) 106.90; (R1) 107.31; More... Intraday bias in USD/JPY remains on the downside for the moment. Rebound from 104.45 should have completed at 108.57. Deeper fall should be seen to retest 104.45 low. On the upside, above 107.29 minor resistance will turn intraday bias neutral first. But risk will remain on the downside as long as 108.47 resistance holds. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings ISM Services PMI: A Few Worrying Signs Yet With Some Positives Too | S&P500 Australian Retail Sales Disappoint Cliff Notes: The RBA Cuts to 0.75% as a Pall Descends Low Probability of a Follow Up November RBA Move Despite Market Pricing of ~50% Chance USD/JPY Could Extend Losses, US NFP Next Asia Morning: Three Strikes And You're Out NFP Preview: Another Weak Report Could Cement A Fed Rate Cut This Month NFP Could Be The Last Horse In The Trifecta GBP/USD: New Brexit Plan Brings Indecisive Pound Reaction Fundamental Analysis | Technical Analysis In-depth Reports Concerns over Capital Outflow in Hong Kong Exaggerated Low Probability of a Follow Up November RBA Move Despite Market Pricing of ~50% Chance US-China Trade: 60% Probability of Interim Deal Next Week Political Pressure, Trade Policy and Potential Market Effect What To Expect From Central Banks In The Next Global Downturn ECB Snaps, Crackles, then Watches Rates Pop RBA: A Gentle Turn To More Rate Cuts RBA Lowers the Cash Rate by 25 Basis Points; Leaves Open Options for Even Lower Rates Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 1:30 AUD Retail Sales M/M Aug 0.40% 0.50% -0.10% 0.00% 12:30 USD Nonfarm Payrolls Sep 140K 130K 12:30 USD Unemployment Rate Sep 3.70% 3.70% 12:30 USD Average Hourly Earnings M/M Sep 0.30% 0.40% 12:30 USD Trade Balance (USD) Aug -54.7B -54.0B 12:30 CAD International Merchandise Trade (CAD) Aug -1.1B -1.1B 14:00 CAD Ivey PMI Sep 62.6 60.6

Action Forex Company Limited | Room 804, 8/F. , Prosperity Centre, 982 Canton Road, Mongkok, Kowloon 852 Hong Kong SAR China Unsubscribe mondemand.forex@blogger.com Update Profile | About Constant Contact Sent by contact@actionforex.com in collaboration with Try email marketing for free today!