Action Insight Daily Report 4-27-18
| Action Insight Daily Report 4-27-18 | | US and UK GDP to Take Center Stage, BoJ Stands Pat | Dollar is trading mildly lower today but remains the overwhelmingly strongest one for the week. The greenback was, on the one hand, pushed higher overnight thanks to the steep post ECB selloff in Euro. Dollar index hit as high as 91.63 and continued to build up the case of medium term trend reversal. But gain was capped as 10 year yield dipped back below 3% level to close at 2.990. The greenback will now turn to US Q1 GDP for more guidance. |  | GBP/USD Daily Outlook Daily Pivots: (S1) 1.3872; (P) 1.3934; (R1) 1.3975; More... Intraday bias in GBP/USD remains neutral for consolidation above 1.3894 temporary low. Another recovery cannot be ruled out. But upside should be limited by 1.4089 minor resistance to bring fall resumption. Below 1.3894 will extend the fall from 1.4376 and target 1.3711 key support next. However, firm break of 1.4089 will turn focus back to 1.4376 high instead. |  | | GMT | Ccy | Events | Actual | Forecast | Previous | Revised | | 22:45 | NZD | Trade Balance Mar | -86M | 200M | 217M | 172M | | 23:01 | GBP | GfK Consumer Confidence Apr | -9 | -7 | -7 | | | 23:30 | JPY | Jobless Rate Mar | 2.50% | 2.50% | 2.50% | | | 23:30 | JPY | Tokyo CPI Core Y/Y Apr | 0.60% | 0.80% | 0.80% | | | 23:50 | JPY | Retail Trade Y/Y Mar | 1.00% | 1.50% | 1.60% | 1.70% | | 23:50 | JPY | Industrial Production M/M Mar P | 1.20% | 0.50% | 2.00% | | | 1:30 | AUD | PPI Q/Q Q1 | 0.50% | 0.40% | 0.60% | | | 1:30 | AUD | PPI Y/Y Q1 | 1.70% | 1.20% | 1.70% | | | 3:05 | JPY | BoJ Rate Decision | -0.10% | -0.10% | -0.10% | | | 5:00 | JPY | Housing Starts Y/Y Mar | | -4.80% | -2.60% | | | 5:30 | EUR | French GDP Q/Q Q1 A | | 0.40% | 0.70% | | | 6:00 | EUR | German Import Price Index M/M Mar | | 0.10% | -0.60% | | | 7:55 | EUR | German Unemployment Change Apr | | -15K | -19K | | | 7:55 | EUR | German Unemployment Claims Rate Apr | | 5.30% | 5.30% | | | 8:30 | GBP | Index of Services 3M/3M Feb | | 0.60% | 0.60% | | | 8:30 | GBP | GDP Q/Q Q1 A | | 0.30% | 0.40% | | | 9:00 | EUR | Eurozone Economic Confidence Apr | | 112 | 112.6 | | | 9:00 | EUR | Eurozone Business Climate Indicator Apr | | 1.28 | 1.34 | | | 9:00 | EUR | Eurozone Industrial Confidence Apr | | 5.8 | 6.4 | | | 9:00 | EUR | Eurozone Services Confidence Apr | | 15.9 | 16.3 | | | 9:00 | EUR | Eurozone Consumer Confidence Apr F | | 0.4 | 0.4 | | | 12:30 | USD | GDP Annualized Q/Q Q1 A | | 2.00% | 2.90% | | | 12:30 | USD | GDP Price Index Q1 A | | 2.20% | 2.30% | | | 12:30 | USD | Employment Cost Index Q1 | | 0.70% | 0.60% | | | 14:00 | USD | U. of Mich. Sentiment Apr F | | 98 | 97.8 | | | | |
