Action Insight Mid-Day Report 9-11-20

Markets Steady ahead of Weekend, USD Shrugs CPI

Action Insight Mid-Day Report 9-11-20 Markets Steady ahead of Weekend, USD Shrugs CPI The markets are generally rather steady today, awaiting weekly close. Major European indices are mixed in tight range. US futures point to mildly higher open, arguing that yesterday's selloff might not extend for now. Commodity currencies are generally firmer today while Dollar and Yen are the weakest. Stronger than expected US CPI readings are ignored. Sterling appears to be stabilizing for now, as EU indicates that it will wait for the Brexit negotiation deadline before taking another step. In Europe, currently, FTSE is up 0.29%. DAX is down -0.07%. CAC is up 0.06%. Germany 10-year yield is down -0.038 at -0.467. Earlier in Asia, Nikkei rose 0.74%. Hong Kong HSI rose 0.78%. China Shanghai SSE rose 0.79%. Singapore Strait Times dropped -0.08%. Japan 10-year JGB yield dropped -0.0065 to 0.024. Full Report Here ECB Lagarde: No complacency! Our accommodative monetary policy needs the support... US CPI accelerated to 1.3% yoy, core CPI rose to 1.7%... ECB Lane: Recent appreciation of euro exchange rate dampens inflation outlook UK GDP grew 6.6% in July, still -11.7% lower than pre-pandemic... New Zealand BusinessNZ manufacturing dropped back to 50.7 on lockdown return Japan Motegi to conclude trade deal with UK today Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol ECB Upbeat about Recovery, Resorted to Verbal Warning of Strong Euro BOC Left Policy Rate and QE Unchanged, Pledged to Calibrate Measures... Gold Pressured by Better Data, Stronger USD and Yields Central Bank Views | China Watch | Oil N' Gold | Special Topics EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.1772; (P) 1.1844; (R1) 1.1888; More..... EUR/USD is staying in consolidation from 1.2011 and intraday bias remains neutral for the moment. With 1.1762 support intact, further rise is expected. Firm break of 1.2011 will resume the rally from 1.0635 towards 1.2555 key level. Nevertheless, sustained break of 1.1762 should confirm short term topping and turn bias to the downside for 38.2% retracement of 1.0635 to 1.2011 at 1.1485. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings US Futures Rising – Watch ORCL, PTON US Open – Stock Rollercoaster Ride Continues, UK/Japan Trade Deal, Oil Steady, Gold Softer EUR/USD Pair Is Supported Above 1.1825 And The 50 Hourly SMA EUR/GBP Outlook: Bulls Extend To New 5 1/2 Month High, Ignoring So Far Overbought Daily Studies NZDUSD Hovers In Ichimoku Cloud, Gains Some Ground Oil Falls While Gold Range Trades Brexit Risk Hammers British Pound Lagarde Gives Euro Bulls The Green Light, Pound Sinks On Brexit Turmoil Rise Of US Index Futures Drags Asia Up GBPJPY Locates Foothold, Stalling Sell-Off At 100-Day SMA EUR/USD Outlook: The Euro Stands At The Front Foot But Conflicting Signals Warn The Week's Wobbles Continue USDCAD Retests Upper Boundary Of Descending Channel Fundamental Analysis | Technical Analysis In-depth Reports September Flashlight for the FOMC Blackout Period Ghost of Brexit Returns to Haunt Sterling Gold Pressured by Better Data, Stronger USD and Yields Australia's Growth Outlook Improves US Elections: A Simple Guide and Market Implications What Happens to Interest Rates During an Election Year? Oil Market and Gas Price History by President The Forex Market and Presidential Terms Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 22:30 NZD Business NZ PMI Aug 50.7 66.8 58.8 59 23:50 JPY PPI Y/Y Aug -0.50% -0.50% -0.90% 23:50 JPY BSI Large Manufacturing Conditions Index Q3 0.1 -52.3 06:00 EUR Germany CPI M/M Aug F -0.10% -0.10% -0.10% 06:00 EUR Germany CPI Y/Y Aug F 0.00% 0.00% 0.00% 06:00 GBP GDP M/M Jul 6.60% 6.70% 8.70% 06:00 GBP Manufacturing Production M/M Jul 6.30% 5.00% 11.00% 06:00 GBP Manufacturing Production Y/Y Jul -9.40% -10.50% -14.60% 06:00 GBP Industrial Production Y/Y Jul -7.80% -8.70% -12.50% 06:00 GBP Industrial Production M/M Jul 5.20% 4.10% 9.30% 06:00 GBP Index of Services 3M/3M Jul -8.10% -19.20% -19.90% 06:00 GBP Goods Trade Balance (GBP) Jul -8.6B -7.4B -5.1B -6.6B 12:30 USD CPI M/M Aug 0.40% 0.30% 0.60% 12:30 USD CPI Y/Y Aug 1.30% 1.20% 1.00% 12:30 USD CPI Core M/M Aug 0.40% 0.20% 0.60% 12:30 USD CPI Core Y/Y Aug 1.70% 1.60% 1.60% 12:30 CAD Capacity Utilization Q2 70.30% 81.10% 79.80% 13:00 GBP NIESR GDP Estimate -7.90%

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 our service provider Sent by contact@actionforex.com powered by Try email marketing for free today!