Tools for TradersTop Movers | Heat Map | Pivot Point | Pivot Meters | Action Bias | Volatility Charts Action InsightDaily Report: Trade War a Major Theme in Busy Week of Central Banks, Data and Politics The week open relatively quietly again with Swiss Franc leading the way down, followed by Aussie and Kiwi. Dollar strengthens broadly but it's again out shone by Japanese Yen. Asian markets are mixed with Nikkei trading down -0.8% at the time of writing. But HK HSI, China SSE are mildly up. The economic calendar is quite light today but volatility ahead is ensured with central bank meetings, important economic data and political events. In particular, Jerome Powell will announce the first Fed hike as chairman. US President Donald Trump could ignore all the objections and announce his tariffs on Chinese goods. Technical OutlookAUD/USD Daily Outlook Daily Pivots: (S1) 0.7678; (P) 0.7740; (R1) 0.7773; More... AUD/USD's decline continues today and reaches as low as 0.7689 so far. Intraday bias remains on the downside for a test on 0.7500 key support next. We'll keep an eye on sign of downside acceleration to gauge the chance of breaking 0.7500. On the upside, above 0.7769 minor resistance will turn intraday bias neutral first. But outlook will remain bearish as long as 0.7915 resistance holds. Suggested ReadingsEUR/USD Remains At Risk Of More Downsides EURUSD – Vulnerable, Threatens Further Weakness Weekly Economic and Financial Commentary: Inflation Showing Signs of Taking a Bite Out of Growth The Weekly Bottom Line: U.S. Economic Boom to Last Through 2019 Week Ahead: Fed, BoE, G20 in Focus US Fed and BoE to Guide Markets Week Ahead – All Eyes on FOMC Projections; Pound in Spotlight as UK Data, BoE Awaited Economic Data
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