Action Insight Mid-Day Report 11-15-19

Dollar Mixed as Retail Sales Offset By Other Weak Data

Action Insight Mid-Day Report 11-15-19 Dollar Mixed as Retail Sales Offset By Other Weak Data Dollar is mixed for today as markets head toward weekly close. Economic data from the US are generally disappointing, but sentiments seemed to be lifted by comments regarding US-China trade deal. Global stock markets also stabilized while US equities are set to extend record run. For the week, New Zealand Dollar remain the strongest one, followed by Sterling and then Swiss Franc. Australian Dollar is the weakest, followed by Canadian and then Dollar. Technically, the markets are reversing earlier moves in general. EUR/USD formed a temporary low at 1.0989 and recovers notably today. EUR/JPY also recovers notably ahead of 119.11 support. EUR/GBP, however, remains weak and is on track to 0.8472 support. In Europe, currently, FTSE is down -0.19%. DAX is up 0.20%. CAC is up 0.36%. German 10-year yield is up 0.011 at -0.337. Earlier in Asia, Nikkei rose 0.70%. Hong Kong HSI rose 0.01%. China Shanghai SSE dropped -0.64%. Singapore Strait Times rose 0.22%. Japan 10-year JGB yield rose 0.0014 to -0.070. Full Report Here US retail sales rose 0.3%, ex-auto sales rose 0.2% Eurozone CPI finalized at 0.7%, core at 1.1% New Zealand BuinessNZ PMI jumped to 52.6, new orders and production... WH Kudlow: We're getting close to trade deal but it's not... Fed Clarida: Rising wages not putting excessive upward pressure on inflation Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol US Crude Oil Stock-Build Exceeded Consensus China Data Reveal Further Downside Risks in Economy RBNZ Unanimously Left OCR at 1%. Rate Cuts Next Yet Still... Central Bank Views | China Watch | Oil N' Gold | Special Topics EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.0998; (P) 1.1012; (R1) 1.1036; More... Intraday bias in EUR/USD remains neutral for consolidation above 1.0989 temporary low. But further decline will remain in favor as long as 1.1073 resistance holds. Corrective rebound from 1.0879 should have completed at 1.1175 already. Below 1.0989 will extend the fall from 1.1173 to retest 1.0879 low. Break will resume larger down trend from 1.2555. On the upside, above 1.1073 minor resistance will turn bias back to the upside for 1.1175 resistance. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings USD/CAD Probes Resistance ahead of US Retail Sales Election Headlines Inflate The Pound AUD/USD Outlook: Bears Are Pausing Above Key Fibo Support But Negative Bias Remains Intact As USD Fluctuates From Developments In The US-Sino Relationships… Stocks Storm To New Highs On More Trade Euphoria USDCAD Looks To Rebound Near Ascending Trendline GBPJPY Sustains A Neutral Stance Lasting Nearly A Month Fundamental Analysis | Technical Analysis In-depth Reports China Data Reveal Further Downside Risks in Economy China's CPI Soared to Highest Level in Almost 8 Years; Exports Improved on Tariff Exemption 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 21:30 NZD Business NZ Manufacturing Index Oct 52.6 48.4 48.8 04:30 JPY Industrial Production M/M Sep F 1.70% 1.40% 1.40% 10:00 EUR Eurozone Trade Balance (EUR) Sep 18.3B 18.7B 20.3B 10:00 EUR CPI Y/Y Oct F 0.70% 0.70% 0.70% 10:00 EUR CPI - Core Y/Y Oct F 1.10% 1.10% 1.10% 13:30 USD Empire State Manufacturing Index Nov 2.9 6.1 4 13:30 USD Retail Sales M/M Oct 0.30% 0.10% -0.30% 13:30 USD Retail Sales ex Autos M/M Oct 0.20% 0.30% -0.10% 13:30 USD Import Price Index M/M Oct -0.50% -0.20% 0.20% 13:30 CAD Foreign Securities Purchases (CAD) Sep 4.76B 4.22B 4.99B 4.62B 14:15 USD Industrial Production M/M Oct -0.40% -0.40% 14:15 USD Capacity Utilization Oct 77.20% 77.50% 15:00 USD Business Inventories Sep 0.10% 0.00%

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