Action Insight Mid-Day Report 9-8-17

Trade With Our Partners Tools for Traders Top Movers | Heat Map | Pivot Point | Pivot Meters | Action Bias | Volatility Charts Action Insight Dollar Selloff Accelerates ahead of Weekend on Concern North Korea Dollar's selloff accelerates today as markets are concerned of any more geopolitical risks during the week end. It will be North Korea's Foundation Day on Saturday and Pyongyang might just launch anot... Read more Draghi Showed "Disaffection" Over Subdued Inflation, Admitted Discussions on QE Tapering As widely anticipated, ECB left the policy rates unchanged in September. It also kept the QE program at a pace of 60B euro per month until end 2017, or longer if needed. At the press conference, Presi... Read more Action Insight | Market Overview | Central Bank Views | China Watch | Special Topics Technical Outlook GBP/USD Mid-Day Outlook GBP/USD rises further to as high as 1.3223 so far and intraday bias remains on the upside for 1.3267 resistance. Break there will extend larger rally from 1.1946 to 1.3444 key resistance level next. P... Read more EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Suggested Readings Dollar Extends Declines But Down Days Could Be Numbered Dollar's Capitulation Trade Euro Punches Past 1.20 On Draghi Tapering Comments Dovish Draghi Seeks To Weaken Euro Risk Aversion Creeping Back In As USD Tumbles Draghi Tries To Jawbone EUR, But The Currency Does Not Obey US Futures Lower | Gold Touched Year High USD Keeps Falling, EUR Gains Momentum After ECB Meeting GBPJPY Neutral To Bullish In Short-Term But Strong 143-Resistance Keeps Risk To The Downside US Dollar Nosedives Below Key Support Vs Japanese Yen USDCAD Strongly Bearish After Break Below Key Support Dollar Falls To 32-Month Low, Rivals Hit Fresh Highs Fundamental Analysis | Technical Analysis Trade With Our Partners Economic Data GMT Ccy Events Actual Forecast Previous Revised 22:45 NZD Manufacturing Activity Q2 3.90% 2.80% 3.10% 23:50 JPY GDP Q/Q Q2 F 0.60% 0.70% 1.00% 23:50 JPY GDP Deflator Y/Y Q2 F -0.40% -0.40% -0.40% 23:50 JPY Current Account (JPY) Jul 2.03T 1.65T 1.52T 23:50 JPY Bank Lending incl Trusts Y/Y Aug 3.20% 3.30% 3.30% 01:30 AUD Home Loans Jul 2.90% 1.00% 0.50% 1.20% 03:00 CNY Trade Balance (USD) Aug 42.0B 48.6B 46.7B 03:00 CNY Trade Balance (CNY) Aug 287B 337B 321B 05:00 JPY Eco Watchers Survey Current Aug 49.7 49.5 49.7 05:45 CHF Unemployment Rate Aug 3.20% 3.20% 3.20% 06:00 EUR German Trade Balance (EUR) Jul 19.5B 21.5B 21.2B 08:30 GBP Industrial Production M/M Jul 0.20% 0.20% 0.50% 08:30 GBP Industrial Production Y/Y Jul 0.40% 0.30% 0.30% 08:30 GBP Manufacturing Production M/M Jul 0.50% 0.30% 0.00% 08:30 GBP Manufacturing Production Y/Y Jul 1.90% 1.70% 0.60% 08:30 GBP Construction Output M/M Jul -0.90% -0.30% -0.10% 08:30 GBP Visible Trade Balance (GBP) Jul -11.6B -12.1B -12.7B 12:00 GBP NIESR GDP Estimate Aug 0.40% 0.20% 12:30 CAD Capacity Utilization Rate Q2 85.00% 85.00% 83.30% 12:30 CAD Net Change in Employment Aug 22.2K 15.0K 10.9K 12:30 CAD Unemployment Rate Aug 6.20% 6.30% 6.30% 14:00 USD Wholesale Inventories Jul F 0.40% 0.40%

 

 

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