Action Insight Daily Report 4-24-18

Action Insight Daily Report 4-24-18 Dollar Pares Gain as Yield Hesitated ahead of 3%, German Ifo Watched Dollar pares back some gains in Asian session today after yesterday's yield driven rally. 10 year yield hit as high as 2.990 during regular trading hour before closing at 2.973, up 0.022. However, that was below open at 2.975 and thus, showed a bit of hesitation ahead of 3% handle. US stocks closed mixed, with DOW down -0.06%, S&P 500 up 0.01% and NASDAQ down -0.25%. Weaker Yen helped lifted Nikkei as it's trading up 0.76% at the time of writing. China SSE is also recovery and is up 2% while Hong Kong HSI is up 1%. Full Report Here   Dollar index broad medium term trend line resistance, pressing 91 10 year yield showed hesitation ahead of 3% AUDUSD spikes lower after Australia CPI miss, but quickly recovered US PMIs: Economy picked up pace again Quick Comments Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol ECB Preview: Caution over Recent Slowdown Won't Affect QE Schedule Trader were Largely Bullish on Energy and Precious Metals Dollar Dominated the Markets as Treasury Yields Could be Reversing Multi-Decade Down Trend Central Bank Views | China Watch | Oil N' Gold | Special Topics EUR/USD Daily Outlook Daily Pivots: (S1) 1.2173; (P) 1.2231 (R1) 1.2265; More.... EUR/USD drops to as low as 1.2184 so far and the break of 1.2214 support revived the case of medium term reversal. Intraday bias remains on the downside for 1.2514 support first. Decisive break there will confirm the bearish case and target 161.8% projection of 1.2475 to 1.2214 from 1.2413 at 1.1991. On the upside, 1.2250 minor resistance will turn bias neutral first. But risk will now stay on the downside as long as 1.2413 resistance holds. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings Gold Price Broke Key Supports Near $1,335 USD Back With A Vengeance Gold Melts Down as Dollar and Yields Heat Up EUR/USD Breaks Down as Dollar Surges on Rising Yields Gold Slumps as Treasury Bills Hit 3 Percent Fundamental Analysis | Technical Analysis In-depth Reports ECB Preview: Caution over Recent Slowdown Won't Affect QE Schedule ECB Preview - Not On Draghi's Watch Business Cycle Weaker As Trade Tensions Continue U.S. Economic Growth: 2 Be, Or Not 2 Be Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 23:50 JPY Corporate Service Price Y/Y Mar 0.50% 0.50% 0.60% 0.70% 1:30 AUD CPI Q/Q Q1 0.40% 0.50% 0.60% 1:30 AUD CPI Y/Y Q1 1.90% 2.00% 1.90% 1:30 AUD CPI RBA Trimmed Mean Q/Q Q1 0.50% 0.50% 0.40% 1:30 AUD CPI RBA Trimmed Mean Y/Y Q1 1.90% 1.80% 1.80% 1:30 AUD CPI RBA Weighted Median Q/Q Q1 0.50% 0.50% 0.40% 0.50% 1:30 AUD CPI RBA Weighted Median Y/Y Q1 2.00% 1.90% 2.00% 6:00 CHF Trade Balance (CHF) Mar 3.23B 3.14B 8:00 EUR German IFO Business Climate Apr 102.8 103.2 8:00 EUR German IFO Expectations Apr 99.5 100.1 8:00 EUR German IFO Current Assessment Apr 106 106.5 8:30 GBP Public Sector Net Borrowing (GBP) Mar 1.1B -0.3B 10:00 GBP CBI Trends Total Orders Apr 4 4 13:00 USD House Price Index M/M Feb 0.60% 0.80% 13:00 USD S&P/Case-Shiller Composite-20 Y/Y Feb 6.30% 6.40% 14:00 USD New Home Sales Mar 625K 618K 14:00 USD Consumer Confidence Index Apr 126 127.7

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