Action Insight Daily Report 4-18-18
| Action Insight Daily Report 4-18-18 | | UK CPI and BoC to Guide the Markets as Sentiments Improved | Markets sentiments turned positive as there were now continuous flow of bad news. All three of DOW, S&P 500 and NASDAQ closed higher overnight, with NASDAQ scoring the best performance. Technically, all three have taken out 55 day EMA decisively which suggests more near term upside. Nikkei follow and is trading up more than 1.4% at the time of writing. In such environment, Japanese yen is trading broadly lower while Euro is generally higher in Asian session. Looking at the currency markets, Sterling remains the strongest one for the week, together with Euro, despite yesterday's setback. Swiss Franc is trading as the weakest one. EUR/CHF is now back trading at 1.1970 and is on track for the historical level at 1.2000, which SNB tried to defend and gave up in 2015. Many of us remember that day. |  | USD/CAD Daily Outlook Daily Pivots: (S1) 1.2526; (P) 1.2552; (R1) 1.2577; More.... USD/CAD's decline from 1.3124 resumed and dipped to 1.2526. But downside momentum is weak and there is no follow through selling yet. Nonetheless, intraday bias will now stay on the downside. Further fall would be seen to 1.2061/2246 support zone. However, break of 1.2622 minor resistance will indicate short term bottoming. And lengthier consolidation would be seen before another fall. |  | | GMT | Ccy | Events | Actual | Forecast | Previous | Revised | | 23:50 | JPY | Trade Balance (JPY) Mar | 0.12T | 0.10T | -0.20T | -0.21T | | 00:30 | AUD | Westpac Leading Index M/M Mar | -0.20% | | 0.29% | 0.40% | | 08:30 | GBP | CPI M/M Mar | | 0.30% | 0.40% | | | 08:30 | GBP | CPI Y/Y Mar | | 2.70% | 2.70% | | | 08:30 | GBP | Core CPI Y/Y Mar | | 2.50% | 2.40% | | | 08:30 | GBP | RPI M/M Mar | | 0.30% | 0.80% | | | 08:30 | GBP | RPI Y/Y Mar | | 3.50% | 3.60% | | | 08:30 | GBP | PPI Input M/M Mar | | 0.30% | -1.10% | | | 08:30 | GBP | PPI Input Y/Y Mar | | 4.20% | 3.40% | | | 08:30 | GBP | PPI Output M/M Mar | | 0.10% | 0.00% | | | 08:30 | GBP | PPI Output Y/Y Mar | | 2.30% | 2.60% | | | 08:30 | GBP | PPI Output Core M/M Mar | | 0.20% | 0.20% | | | 08:30 | GBP | PPI Output Core Y/Y Mar | | 2.20% | 2.40% | | | 08:30 | GBP | House Price Index Y/Y Feb | | 4.50% | 4.90% | | | 09:00 | EUR | Eurozone CPI M/M Mar | | 1.00% | 0.20% | | | 09:00 | EUR | Eurozone CPI Y/Y Mar F | | 1.40% | 1.40% | | | 09:00 | EUR | Eurozone CPI Core Y/Y Mar F | | 1.00% | 1.00% | | | 14:00 | CAD | BoC Rate Decision | | 1.25% | 1.25% | | | 14:30 | USD | Crude Oil Inventories | | | 3.3M | | | 18:00 | USD | Federal Reserve Beige Book | | | | | | | |
