Action Insight Daily Report 4-23-18
| Action Insight Daily Report 4-23-18 | | Quiet Start to a Week of Guaranteed Volatility, on Yields, Central Banks, Data and Politics | The financial markets are pretty quiet as another week starts. Despite positive news regarding Korean peninsula, major Asian indices are trading slightly lower. At the time of writing, Nikkei is down -0.28%, HK HSI is down -0.66%. In the currency markets, major pairs and crosses are bounded in Friday's range, which are, admittedly quite wide. Sterling is recovering some losses and is broadly higher. Yen is trading in red in general. |  | AUD/USD Daily Outlook Daily Pivots: (S1) 0.7639; (P) 0.7685; (R1) 0.7715; More... AUD/USD recovers mildly today but intraday bias remains on the downside with 0.7702 minor resistance intact. Break of 0.7642 support will resume the whole decline from 0.8135 and target 0.7500 key support level next. Break there will indicate medium term reversal. On the upside, above 0.7702 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited below 0.7812 resistance to bring fall resumption. |  | | GMT | Ccy | Events | Actual | Forecast | Previous | Revised | | 0:30 | JPY | PMI Manufacturing Apr P | 53.3 | 53.4 | 53.1 | | | 7:00 | EUR | France Manufacturing PMI Apr P | | 53.5 | 53.7 | | | 7:00 | EUR | France Services PMI Apr P | | 56.5 | 56.9 | | | 7:30 | EUR | Germany Manufacturing PMI Apr P | | 57.5 | 58.2 | | | 7:30 | EUR | Germany Services PMI Apr P | | 53.7 | 53.9 | | | 8:00 | EUR | Eurozone Manufacturing PMI Apr P | | 56.1 | 56.6 | | | 8:00 | EUR | Eurozone Services PMI Apr P | | 54.6 | 54.9 | | | 12:30 | CAD | Wholesale Trade Sales M/M Feb | | 0.80% | 0.10% | | | 12:30 | USD | Chicago Fed Nat Activity Index Mar | | 0.27 | 0.88 | | | 13:45 | USD | US Manufacturing PMI Apr P | | 55.2 | 55.6 | | | 13:45 | USD | US Services PMI Apr P | | 54.1 | 54 | | | 14:00 | USD | Existing Home Sales Mar | | 5.55M | 5.54M | | | | |
