Action Insight Daily Report 4-9-18
| Action Insight Daily Report 4-9-18 | | Asian Markets Shrugged Off US Selloff; FOMC Minutes, NAFTA and Trade War Watched This Week | Asian markets open positively this week in spite of the sharp selloff in the US on Friday. At the time of writing, Nikkei is trading up 0.55%. China is back from holiday with SSE up 0.35%. Hong Kong HSI is also up 1.8%. The lack of risk aversion lifts Australian Dollar and New Zealand Dollar higher while Yen and Swiss Franc are broadly lower. Canadian Dollar is unaffected by rumor that the symbolic NAFTA deal might not be reached and is trading relatively firm. Dollar, on the other hand, stays mixed. |  | 
|  | GBP/USD Daily Outlook Daily Pivots: (S1) 1.4011; (P) 1.4058; (R1) 1.4134; More.... Intraday bias in GBP/USD remains cautiously on the upside for the moment. The pull back from 1.4243 should have completed at 1.3964, after drawing support from 1.3982 support. Further rise should be seen to 1.4243 first. Break will target a test on 1.4345 high next. On the downside, however, sustained break of 1.3964/82 will indicate completion of the rise from 1.3711. In that case, deeper decline should be seen back to retest 1.3711. | | | GMT | Ccy | Events | Actual | Forecast | Previous | Revised | | 22:30 | AUD | AiG Performance of Construction Index Mar | 57.2 | | 56 | | | 23:50 | JPY | Current Account (JPY) Feb | 1.02T | 1.39T | 2.02T | | | 5:00 | JPY | Consumer Confidence Mar | 44.3 | 44.5 | 44.3 | | | 5:00 | JPY | Eco Watchers Survey Current Mar | | 48 | 48.6 | | | 5:45 | CHF | Unemployment Rate Mar | | 2.90% | 2.90% | | | 6:00 | EUR | German Trade Balance Feb | | 23.1B | 21.3B | | | 8:30 | EUR | Eurozone Sentix Investor Confidence Apr | | 20.8 | 24 | | | 12:15 | CAD | Housing Starts Mar | | 220K | 230K | | | 14:30 | CAD | BoC Overall Business Outlook Survey Q1 | | | | | | | |
