Action Insight Daily Report 4-12-18
| Action Insight Daily Report 4-12-18 | | Euro to Look into ECB Minutes for Guidance, Markets Steady in Asia | The Asian markets are relatively steady today as for now, there is no escalation in the situation in Syria. At the time of writing Nikkei is trading down -0.26% only while HK HSI is down -0.17%. Performance of US indices overnight were not too bad. DOW closed down 0.9% at 24189.45 as there was no follow through selling below 24200 handle. In other markets, Syria tension continued to boost oil price with WTI breaching 67 handle, hitting the highest level since 2014. Gold also attempted to rally, hitting as high as 1365.24 but failed to push through 1366.95 resistance. Gold is back below 1350 at the time of writing, settling back into established range. |  | EUR/USD Daily Outlook Daily Pivots: (S1) 1.2344; (P) 1.2369 (R1) 1.2393; More.... EUR/USD lost momentum after hitting 1.2396, as seen in 4 hour MACD. Intraday bias is turned neutral first. As long as 1.2302 minor support holds, further rise is in favor. Above 1.2396 will target 1.2475 first. Break will target key resistance level at 1.2555 high. However, as EUR/USD is still bounded in range trading pattern from 1.2555, break of 1.2302 minor support will turn bias back to the downside for 1.2214 instead. |  | | GMT | Ccy | Events | Actual | Forecast | Previous | Revised | | 23:01 | GBP | RICS House Price Balance Mar | 0% | 2% | 0% | | | 23:50 | JPY | Japan Money Stock M2+CD Y/Y Mar | 3.20% | 3.20% | 3.30% | | | 1:00 | AUD | Consumer Inflation Expectation Apr | 3.60% | | 3.70% | | | 1:30 | AUD | Home Loans M/M Feb | -0.20% | -0.40% | -1.10% | | | 9:00 | EUR | Eurozone Industrial Production M/M Feb | | 0.10% | -1.00% | | | 11:30 | EUR | ECB Monetary Policy Meeting Accounts | | | | | | 12:30 | CAD | New Housing Price Index M/M Feb | | | 0.00% | | | 12:30 | USD | Import Price Index M/M Mar | | 0.10% | 0.40% | | | 12:30 | USD | Initial Jobless Claims (Apr 7) | | 230K | 242K | | | 14:30 | USD | Natural Gas Storage | | | -29B | | | | |
