Action Insight Daily Report 11-11-19

Yen Higher as Hong Kong Leads Risk Aversion

Action Insight Daily Report 11-11-19 Yen Higher as Hong Kong Leads Risk Aversion Yen surges broadly today as markets are back in risk averse mode, led by steep decline in Hong Kong stocks. On the other hand, Dollar and Australia are the weakest one for the moment. But some of the moves are consolidative and overall outlook is unchanged. That is, Yen's rally is so far so far seen as corrective pull back. Meanwhile, Dollar is just in corrective pull back too. Technically, EUR/USD's decline is still expected to continue as long as 1.1092 minor resistance holds. USD/CHF's rise is also expected to continue as long as 0.9911 minor support holds. USD/CAD's rebound is also in progress as long as 1.3159 support holds. AUD/USD will be a focus this week. Further rise remains in favor as long as 0.6809 minor support holds. But break there will align the outlook with other Dollar pairs. In Asia, Nikkei closed down -0.26%. Hong Kong HSI dropped -2.71%. China Shanghai SSE dropped -1.83%. Singapore Strait Times is down -0.92%. Japan 10-year JGB yield is down -0.0088 at -0.069. Full Report Here Hong Kong HSI leads Asian stocks lower after police shot live... BoJ opinions: Should seriously prepare for the next downturn Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol China's CPI Soared to Highest Level in Almost 8 Years; Exports... CFTC Commitments of Traders – Bets on US Dollar Trimmed on... CFTC Commitments of Traders – Traders Remained Bullish in Crude Oil... Central Bank Views | China Watch | Oil N' Gold | Special Topics USD/JPY Daily Outlook Daily Pivots: (S1) 109.05; (P) 109.27; (R1) 109.45; More... A temporary top is in place at 109.48 in USD/JPY with retreat today. Intraday bias is turned neutral first. Further rally is expected as long as 108.64 support holds. On the upside, break of 109.48 will resume the rise from 104.45 to 100% projection of 104.45 to 108.47 from 106.48 at 110.50. However, break of 108.64 will turn focus back to 107.88 support. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings EUR/USD Bearish Wave C Prepares for Break Below 1.10 Europe Morning: Data Heavy Monday Market Brief: HK Protests Triggers Mild Risk Off Sentiment Hong Kong Stocks Crushed By Protestors Dragging Asia Lower Three Monday Talking Points: Landing Risks Up Ahead EUR/USD Showing Bearish Signs Below 1.1050 Gold's Worst Week In 3 Years Sees Bears Firmly Back In Control Fundamental Analysis | Technical Analysis In-depth Reports RBA Statement on Monetary Policy Provides Important Insights into the Policy Outlook Brexit Update - Early Elections to be Held in 5 Weeks Brexit Monitor: Election Is An EU Referendum In Disguise – Difficult To Predict The Outcome From Polls Gaming Out U.K. Election Scenarios Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 23:50 JPY BoJ Summary of Opinions 23:50 JPY Bank Lending Y/Y Oct 2.00% 2.00% 2.00% 23:50 JPY Current Account (JPY) Sep 1.49T 1.66T 1.72T 23:50 JPY Machinery Orders M/M Sep -2.90% 0.90% -2.40% 5:00 JPY Eco Watchers Survey: Current Oct 36.7 40.7 46.7 9:30 GBP GDP M/M Sep -0.10% -0.10% 9:30 GBP GDP Q/Q Q3 P 0.30% -0.20% 9:30 GBP GDP Y/Y Q3 P 1.10% 1.30% 9:30 GBP Industrial Production M/M Sep -0.10% -0.60% 9:30 GBP Industrial Production Y/Y Sep -1.20% -1.80% 9:30 GBP Manufacturing Production M/M Sep -0.20% -0.70% 9:30 GBP Manufacturing Production Y/Y Sep -1.30% -1.70% 9:30 GBP Index of Services 3M/3M Sep 0.40% 0.40% 9:30 GBP Goods Trade Balance (GBP) Sep -10.1B -9.8B 12:00 GBP NIESR GDP Estimate (3M) Nov 0.50%

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