Action Insight Daily Report 11-4-19

Risk Appetite Returns on Trade Optimism, Yen and Swiss Franc Softer

Action Insight Daily Report 11-4-19 Risk Appetite Returns on Trade Optimism, Yen and Swiss Franc Softer Strong risk appetite dominates Asian session today, partly as follow through buying from US, and partly on trade optimism. Commodity currencies are trading generally higher, as led by New Zealand Dollar rand then Australian. On the other hand, Swiss Franc and Yen are the weakest ones for now. Dollar and Euro are mixed. Technically, though, AUD/USD is staying in consolidation below 0.8929 temporary top. EUR/JPY and GBP/JPY are also bounded in consolidation from 121.46 and 141.50 respectively. There is no upside breakout in these risk pairs yet. 0.9841 support in USD/CHF is something to watch today. Break will complete a head-and-shoulder top pattern and indicates near term bearish reversal. However, rebound from there would retain bullishness for another higher above 1.0027. In Asia, Japan is on holiday. Hong Kong HSI is up 1.24%. China Shanghai SSE is up 0.74%. Singapore Strait Times is up 0.09%. Full Report Here New Zealand treasury downgrade neutral interest rate assumption to 3% Australia retail sales rose 0.2%, mixed results at industry level US Ross: China trade deal particularly complicated Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol CFTC Commitments of Traders – Significant Decline in GBP Net Short... CFTC Commitments of Traders – Bets for Higher Commodity Prices Increased... Fed, BoC and RBA Expectations Drove USD, CAD and AUD Central Bank Views | China Watch | Oil N' Gold | Special Topics USD/CHF Daily Outlook Daily Pivots: (S1) 0.9840; (P) 0.9868; (R1) 0.9884; More... Intraday bias in USD/CHF remains neutral with focus on 0.9841 support. Break there will complete a head and shoulder top pattern (ls: 0.9983; h: 1.0027; rs: 0.9970). That should indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low. On the upside, above 0.9970 will bring retest of 1.0027 resistance instead. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings Equities Push To New Record Highs In Asia EUR/USD Signaling Bullish Continuation Asia Morning: A Risk Positive Day Mainly EURUSD Retains Bull Pressure, Eyes Further Upside Pressure Forex Forecast and Cryptocurrencies Forecast Weekly Economic and Financial Commentary: The U.S. Economy Continues to Trek Along The Weekly Bottom Line: BoC Opens the Door to Rate Cuts China Weekly Letter – On Track for Moderate Recovery and Phase One Deal Go-Forward Risks Remain – Current Growth Trends Still Solid Week Ahead – RBA and BOE Decisions in Focus as UK Election Campaigns Begin Week Ahead: RBA, BoE and Plenty of Macro Data OIL MARKET WEEK AHEAD: Trade Talks Looking for a New Home Week Ahead – RBA to Hold Rates But BoE Could Signal Policy Shift; Trade and Services PMIs in Focus Weekly Market Update – Aussie Finds Some Form Cliff Notes: Struggling to Gain Traction Weekly Focus – Fiscal Fight Heats up in Europe   Fundamental Analysis | Technical Analysis In-depth Reports FOMC Review Fed Is Playing The Waiting Game RBA on Hold in November; Growth and Inflation Forecasts for 2020 Unchanged Options for Effective QE Strategy for the RBA 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 0:00 AUD TD Securities Inflation M/M Oct 0.10% 0.10% 0:30 AUD Retail Sales M/M Sep 0.20% 0.40% 0.40% 1:00 AUD TD Securities Inflation Y/Y Oct 1.50% 1.50% 6:45 CHF SECO Consumer Climate (3m) Q4 -8 -8 8:45 EUR Italy Manufacturing PMI Oct 48.1 47.8 8:50 EUR France Manufacturing PMI Oct F 50.5 50.5 8:55 EUR Germany Manufacturing PMI Oct F 41.9 41.9 9:00 EUR Eurozone Manufacturing PMI Oct F 45.7 45.7 9:30 EUR Eurozone Sentix Investor Confidence (Nov) -13 -16.8 9:30 GBP Construction PMI Oct 44 43.3 15:00 USD Factory Orders M/M Sep -0.30% -0.10%

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