Action Insight Mid-Day Report 10-25-19

Euro Soft on Weak Business and Consumer Sentiments

Action Insight Mid-Day Report 10-25-19 Euro Soft on Weak Business and Consumer Sentiments Trading in the forex markets remain subdued ahead of weekly close. Euro is generally softer as data showed German business and consumer sentiments remained weak. Also, professional forecasters downgraded Eurozone inflation and growth projections in latest survey. For the week, Canadian Dollar remains the strongest one, followed by Dollar and then Yen. Sterling is the weakest, followed by Swiss Franc and then Euro. In Europe, currently FTSE is down -0.54%. DAX is down -0.16%. CAC is up 0.13%. German 10-year yield is up 0.019 at -0.384. Earlier in Asia, Nikkei rose 0.22%. Hong Kong HSI dropped -0.49%. China Shanghai SSE rose 0.48%. Singapore Strait Times rose 0.53%. Japan 10-year JGB yield rose 0.0006 to -0.145. Full Report Here China said to seek some tariffs removals in exchange for farm... EU weighing Brexit flextension while Johnson calls election US PMI composite rose to 51.2, points to 1.5% annualized GDP... Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol ECB Review – Outgoing Draghi Defended the Need to Easing Package US Oil Inventory Stabilized after Weeks of Stockbuilds China Watch – PBOC Paused Rate Reduction in October. RRR Cut... Central Bank Views | China Watch | Oil N' Gold | Special Topics EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.1078; (P) 1.1120; (R1) 1.1148; More... EUR/USD is staying in consolidation from 1.1179 and intraday bias remains neutral. Deeper retreat could be seen but downside is still expected to be contained by 1.1602 support to bring another rally. On the upside, break of 1.1179 will resume the rally from 1.0879 to 1.1412 key resistance next. However, break of 1.1062 will turn focus back to 1.0879 low instead. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings US Open – Earnings (Barclays, Verizon), Brexit, Oil, Gold Market Brief: Brexit and Company Earnings Continuing to Drive Sentiment Can Google/Alphabet Break New High On The Third Attempt? EUR Weakens As ECB Remains On Hold… GBP Volatility To Stay Amid EU Extension, Potential UK Elections WTI OIL Outlook: Oil Price On Track For Strong Bullish Weekly Close Following Rally On Unexpected Fall In US Crude Stocks Stocks: Barclays Third Quarter Earning Asian Stocks Mixed Even As SP500 Nears New Record High EUR/USD Must Reveal Its Cards At 1.11 Support Fundamental Analysis | Technical Analysis In-depth Reports China Watch - PBOC Paused Rate Reduction in October. RRR Cut Still Likely as Growth Continues to Slow October Flashlight for the FOMC Blackout Period QE or Not QE? That Is Not the Question US-China Trade: 'Phase 1' Trade-Deal Not a Game-Changer for the Global Economy Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 6:00 EUR Germany Gfk Consumer Confidence Nov 9.6 9.8 9.9 9.8 8:00 EUR Germany IFO - Business Climate Oct 94.6 94.5 94.6 8:00 EUR Germany IFO - Current Assessment Oct 97.8 98 98.5 98.6 8:00 EUR Germany IFO - Expectations Oct 91.5 91 90.8 90.9 14:00 USD Michigan Consumer Sentiment Index Oct 96 96

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