Action Insight
Markets Shrug Trump's Tax 1-Page Tax Plan, CAD Rebounds on NAFTA News, Yen Steady after BoJ
The financial markets had very little reaction to the highly anticipated announcement of tax reforms by US President Donald Trump. DJIA reversed earlier gains and closed slightly lower by -0.1% at 209...
Trump's Latest Lumber Tariff Helps Little on US Deficit. Political Implication can be Huge
USDCAD consolidated after a brief break about 1.36, following US' announcement to impose anti-subsidy tariff on softwood lumber imports from Canada. US Commerce Secretary Wilbur Ross indicated that th...
Trade Ideas
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Trade Idea: USD/CAD - Buy at 1.3500
As the greenback has maintained a firm undertone after this week's anticipated rally, suggesting recent upmove is still in progress and bullishness remains for further gain to 1.3650-60, however,...
Trade Idea Wrap-up: USD/JPY - Buy at 110.70
The greenback surged after finding renewed buying interest at 109.59 and broke above previous resistance at 110.60, adding credence to our view that recent rise from 108.13 low is still in progress...
Technical Outlook
USD/CAD Daily Outlook
A temporary top is in place at 1.3647 after USD/CAD fails to sustain above 1.3598 key resistance. Intraday bias is turned neutral first. Some consolidations should be seen but downside of retreat woul...
Options & Orders
US session: options and orders watch
EUR: The single currency retreated after rising to 1.0951, offers are still noted at 1.0950-55 and 1.0980, sell orders are reported at 1.1000, 1.1030 and 1.1050. On the downside, bids are seen at 1...
Contributors
Elliott Wave View: USDCAD Flat Correction
EUR/JPY Maintains Strength Ahead Of BoJ, ECB
AUD/USD Finally Breaks Sturdy 0.75 Support
Does Geopolitical Risk Require A Shift In Thinking On Gold?
ECB: Political Caution Points To A Dull Meeting But June And September To Be More Exciting
Economic Data
GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
---|---|---|---|---|---|---|
JPY | Monetary Policy Statement | |||||
1:30 | AUD | Import Price Index Q/Q Q1 | 1.20% | -0.50% | 0.20% | |
6:00 | CHF | Trade Balance (CHF) Mar | 3.01B | 3.12B | ||
6:00 | EUR | German GfK Consumer Confidence May | 9.9 | 9.8 | ||
9:00 | EUR | Eurozone Economic Confidence Apr | 108.1 | 107.9 | ||
9:00 | EUR | Eurozone Business Climate Indicator Apr | 0.82 | 0.82 | ||
9:00 | EUR | Eurozone Industrial Confidence Apr | 1.3 | 1.2 | ||
9:00 | EUR | Eurozone Services Confidence Apr | 12.9 | 12.7 | ||
9:00 | EUR | Eurozone Consumer Confidence Apr F | -3.6 | -3.6 | ||
10:00 | GBP | CBI Realized Sales Apr | 6 | 9 | ||
11:45 | EUR | ECB Rate Decision | 0.00% | 0.00% | ||
11:45 | EUR | ECB Marginal Lending Facility | 0.25% | 0.25% | ||
11:45 | EUR | ECB Deposit Facility Rate | -0.40% | -0.40% | ||
11:45 | EUR | ECB Asset Purchase Target (EUR) Apr | 60B | 80B | ||
12:00 | EUR | German CPI M/M Apr P | -0.10% | 0.20% | ||
12:00 | EUR | German CPI Y/Y Apr P | 1.90% | 1.60% | ||
12:30 | USD | Advance Goods Trade Balance Mar | -65.2B | -63.9B | ||
12:30 | USD | Wholesale Inventories Mar P | 0.30% | 0.40% | ||
12:30 | USD | Durable Goods Orders Mar P | 1.30% | 1.80% | ||
12:30 | USD | Durables Ex Transportation Mar P | 0.50% | 0.50% | ||
12:30 | USD | Initial Jobless Claims (22 APR) | 241K | 244K | ||
14:00 | USD | Pending Home Sales M/M Mar | -1.00% | 5.50% | ||
14:30 | USD | Natural Gas Storage | 54B |
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