Action Insight Daily Report 1-15-20

Sentiments Softer as Tariffs Will Stay after US China Trade Deal Phase One

Action Insight Daily Report 1-15-20 Sentiments Softer as Tariffs Will Stay after US China Trade Deal Phase One The forex markets are rather mixed today as traders are holding their bets ahead of signing of US-China trade deal phase one. Sentiments turned softer after US indicated that tariffs will stay in place before conclusion of phase two. But the impact is so far limited. Sterling pares back some losses as markets now await inflation data from UK. For the week, Yen is currently the weakest one, followed by New Zealand Dollar. Swiss Franc is the strongest, followed by Euro. Technically, USD/CHF could be a focus today as it's heading to 0.9646 support. Break will resume larger down trend from 1.0237 and target 0.9445 projection level. Correspondingly, after yesterday's downside breakout, EUR/CHF is on track to 1.0648 projection level. GBP/CHF's fall from 1.3310 resistance is also in favor to 1.2299 fibonacci level. We'll see if Swiss could extend recent broad based strength. In Asia, Nikkei closed down -0.45%. Hong Kong HSI is down -0.51%. China Shanghai SSE is down -0.35%. Singapore Strait Times is down -0.42%. Japan 10-year JGB yield is down -0.0051 at 0.011, staying positive. Overnight, DOW rose 0.11%. S&P 500 dropped -0.15%. NASDAQ dropped -0.24%. 10-year yield dropped -0.030 to 1.818. Full Report Here BoJ Kuroda pledges again to take additional easing if risks heigten US, EU and Japan to push WTO rules on subsidies and... Mnuchin: No further tariff relief on China until phase 2 trade... SNB: Currency intervention not aimed at bringing advantage for Switzerland Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol Low Base and Frontloading Drove China's Trade Higher in December CFTC Commitments of Traders – NET SHORT on Safe Haven Currencies... CFTC Commitments of Traders – NET LENGTH on Safe Haven Assets... Central Bank Views | China Watch | Oil N' Gold | Special Topics USD/CHF Daily Outlook Daily Pivots: (S1) 0.9656; (P) 0.9685; (R1) 0.9703; More... USD/CHF is still staying in consolidation above 0.9646 and intraday bias remains neutral. With 0.9770 resistance intact, outlook remains bearish and further decline is expected. On the downside, break of 0.9646 will extend whole fall from 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9815) instead. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings No Further Tariff Cuts On This Side Of US Election Risk Off As Tariffs Remain In Place USD/CHF Remains In Downtrend Below 0.9750 Happy Banks Offset By Upset China USD/CNH: Waving The All-Clear Flag? EUR/CHF Hits A Nearly 3-Year Low As SNB Intervention Odds Fall Fundamental Analysis | Technical Analysis In-depth Reports Can China Actually Buy US$50bn Of US Energy Products? Low Base and Frontloading Drove China's Trade Higher in December Consumers Are Resilient Even in Challenging Times Gold Driven Higher by Iran Tensions, Falling Yields and Rising Inflation Expectations US Dollar May Lose Appeal this Year if Market Sentiment Improves and US Growth Slows FX Year Ahead 2020: Turnaround or Same Old Blues? Trade War Continues to Direct the Outlook of Chinese Yuan A Phase One Trade Deal is Reached, What Does It Mean? Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 23:50 JPY Money Supply M2+CD Y/Y Dec 2.70% 2.70% 2.80% 2.70% 6:00 JPY Machine Tool Orders Y/Y Dec P -33.60% -37.90% 9:30 GBP DCLG House Price Index Y/Y Nov 1.20% 0.70% 9:30 GBP CPI M/M Dec 0.20% 0.20% 9:30 GBP CPI Y/Y Dec 1.50% 1.50% 9:30 GBP Core CPI Y/Y Dec 1.70% 1.70% 9:30 GBP RPI M/M Dec 0.30% 0.20% 9:30 GBP RPI Y/Y Dec 2.30% 2.20% 9:30 GBP PPI - Input M/M Dec 0.30% -0.30% 9:30 GBP PPI - Input Y/Y Dec -0.70% -2.70% 9:30 GBP PPI - Output M/M Dec 0.00% -0.20% 9:30 GBP PPI - Output Y/Y Dec 0.90% 0.50% 9:30 GBP PPI - Output Core M/M Dec 0.00% -0.10% 9:30 GBP PPI - Output Y/Y Dec 1.00% 1.10% 10:00 EUR Eurozone Trade Balance (EUR) Nov 22.3B 24.5B 10:00 EUR Industrial Production M/M Nov 0.30% -0.50% 13:30 USD Empire State Manufacturing Index Jan 4.1 3.5 13:30 USD PPI M/M Dec 0.20% 0.00% 13:30 USD PPI Y/Y Dec 1.20% 1.10% 13:30 USD PPI Core M/M Dec 0.20% -0.20% 13:30 USD PPI Core Y/Y Dec 1.40% 1.30% 15:30 USD Crude Oil Inventories 1.2M 19:00 USD Fed's Beige Book

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!