Action Insight Daily Report 4-20-18

Action Insight Daily Report 4-20-18 Treasury Yield Rally Takes Dollar Higher, EUR/CHF Breaches 1.2 Dollar surged overnight as boosted by the strong rally in US treasury yield. 10 year yield gained 0.047 to close at 2.914, after hitting as high as 2.934. It's now close to a key resistance, February's high at 2.943. The greenback remains firm in Asian session. For the week, Dollar is trading as the second strongest one, follow Euro, which was helped by the strong rebound in EUR/GBP as well as the rally in EUR/CHF. Talking about EUR/CHF, it halted somewhat at 1.2 key level. But buying emerges again as markets are heading into European session. At the time of writing, it just hit 1.2004. US yields and Swiss Franc will continue to be the focuses of today. And attention will also be on Canadian inflation and retail sales. Full Report Here   US shot up by yield, but EUR resilience held dollar index... China ambassador to US Cui: Let's have a more positive and... SNB Jordan: No need to change monetary policy even though EUR/CHF... Cleveland Fed Mester: Further gradual tightening is appropriate this year Japan core inflation slowed in March, BoJ Kuroda warned on protectionism Quick Comments Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol BOC Revised Lower Growth Forecast for 2018, Sent a Mixed Message   Oil Prices Extend Rally as US Inventories Unexpectedly Declined   China Unexpectedly Loosens Monetary Policy by Cutting RRR   Central Bank Views | China Watch | Oil N' Gold | Special Topics EUR/CHF Daily Outlook Daily Pivots: (S1) 1.1955; (P) 1.1974; (R1) 1.2004; More... EUR/CHF continues to lose upside momentum as it's pressing 1.2 handle. But further rise is expected as long as 1.1956 minor support holds. Sustained break of 1.2 will extend the current up trend to 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188. On the downside, below 1.1956 will turn bias turn bias to the downside for retreat to 4H 55 EMA (now at 1.1898) or below before staging another rally. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings EURUSD Elliott Wave View: Still Trading Sideways As Good As Gold USD/JPY Trading Above Crucial Support At 107.00 Where Do We Go From Here ? Could Rising Yields Support Dollar Recovery? Fundamental Analysis | Technical Analysis In-depth Reports China Unexpectedly Loosens Monetary Policy by Cutting RRR China's March Data Distorted by Holiday and Weather Effects U.S. Economic Growth: 2 Be, Or Not 2 Be Singaporean Central Bank Turns Hawkish on Upward Core Inflation Pressure Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 23:30 JPY National CPI Core Y/Y Mar 0.90% 0.90% 1.00% 4:30 JPY Tertiary Industry Index M/M Feb 0.00% 0.00% -0.60% -0.40% 6:00 EUR German PPI M/M Mar 0.20% -0.10% 6:00 EUR German PPI Y/Y Mar 2.00% 1.80% 12:30 CAD Retail Sales M/M Feb 0.50% 0.30% 12:30 CAD Retail Sales Ex Auto M/M Feb 0.50% 0.90% 12:30 CAD CPI M/M Mar 0.40% 0.60% 12:30 CAD CPI Y/Y Mar 2.40% 2.20% 12:30 CAD CPI Core - Common Y/Y Mar 2.00% 1.90% 12:30 CAD CPI Core - Median Y/Y Mar 2.20% 2.10% 12:30 CAD CPI Core - Trim Y/Y Mar 2.10% 2.10% 14:00 EUR Eurozone Consumer Confidence Apr A -0.1 0.1

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