Action Insight Daily Report 4-30-18

Action Insight Daily Report 4-30-18 Forex Markets Steady as Heavy Weight Data from US, Eurozone and UK Awaited The forex market open the week rather steadily with major indices stuck inside Friday's range. Aussie is generally lower followed by Yen. Meanwhile, Sterling, Dollar and Swiss Franc are generally higher. But the picture could quickly change as volatility comes in. The week ahead is full of important events including RBA rate decision on Tuesday and FOMC announcement of Wednesday. But economic data will catch more attentions, starting with Germany CPI and US PCE today. Full Report Here   China official PMI manufacturing at 51.4, PMI non-manufacturing at 54.8 in... Updates on Fed funds futures pricings ahead of FOMC RBA to stand pat and lower GDP growth forecast this week US steel tariff temprary exemptions to end on May 1 Quick Comments Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol Brexit Uncertainty Remains Key Determinant of BOE's Rate Hike Path Traders Mixed over Oil's Outlook Dollar and Yield Reached Critical Junctures after Strong Rally, Determining Events... Central Bank Views | China Watch | Oil N' Gold | Special Topics AUD/USD Daily Outlook Daily Pivots: (S1) 0.7546; (P) 0.7564; (R1) 0.7598; More... Intraday bias in AUD/USD remains neutral for consolidation above 0.7531 temporary low. Upside of recovery should be limited by 0.7642 support turned resistance to bring another decline. Below 0.7531 will resume larger fall from 0.8135 to 0.7500 key support level. On the upside, however, firm break of 0.7642 will be an early sign of near term reversal and turn focus back to 0.7812 resistance. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings EUR/USD Upsides Remain Capped By 1.2170 Is The US Dollar Finally Ready For Prime Time Again ? BoJ: Deadline is the Best Motivator, Its Absence is Good Cover Weekly Economic and Financial Commentary: Better Off the Blocks in 2018 The Weekly Bottom Line: First Quarter Growth Softens Less than Expected Dollar Slows Down Awaiting Employment Data Week Ahead: US dollar in focus ahead of FOMC, NFP Week Ahead – Fed, Jobs Report and PCE Inflation Eyed by Dollar Bulls; RBA and Eurozone GDP also in Focus Australia & New Zealand Weekly: RBA to Hold Stance but Likely to Lower Growth Forecast Fundamental Analysis | Technical Analysis In-depth Reports Brexit Uncertainty Remains Key Determinant of BOE's Rate Hike Path SNB Unlikely to Act Despite Recent EURCHF Strength ECB: Wondering Rather than Worrying ECB Review: Keep Walking, Nothing to See Here, Keep Walking How is US Yield's Breach of 3% Related to Recent Crude Oil Rally? As 10-Year US Yields Break above 3%, is the Dollar Turning a Corner? Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 1:00 AUD TD Securities Inflation M/M Apr 0.50% 0.10% 1:00 CNY Manufacturing PMI Apr 51.4 51.3 51.5 1:00 CNY Non-manufacturing PMI Apr 54.8 54.5 54.6 6:00 EUR German Retail Sales M/M Mar 0.80% -0.70% 7:00 CHF KOF Leading Indicator Apr 106 106 8:00 EUR Eurozone M3 Money Supply Y/Y Mar 4.10% 4.20% 12:00 EUR German CPI M/M Apr P -0.10% 0.40% 12:00 EUR German CPI Y/Y Apr P 1.50% 1.60% 12:30 CAD Industrial Product Price M/M Mar 0.20% 0.10% 12:30 CAD Raw Materials Price Index M/M Mar 0.60% -0.30% 12:30 USD Personal Income Mar 0.40% 0.40% 12:30 USD Personal Spending Mar 0.40% 0.20% 12:30 USD PCE Deflator M/M Mar 0.00% 0.20% 12:30 USD PCE Deflator Y/Y Mar 2.00% 1.80% 12:30 USD PCE Core M/M Mar 0.20% 0.20% 12:30 USD PCE Core Y/Y Mar 1.90% 1.60% 13:45 USD Chicago PMI Apr 58 57.4 14:00 USD Pending Home Sales M/M Mar 0.80% 3.10%

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