Action Insight Mid-Day Report 4-11-18

Action Insight Mid-Day Report 4-11-18 Risk Aversion Comes Back on Syria Tension, Dollar Gets No Help from CPI Risk aversion comes back to the markets today. Syria tension comes into spotlight and US-China trade war leaves the stage temporarily. DAX turned south at initial trading and never looked back. It's currently trading down -1% at the time of writing. CAC id down -0.67% while FTSE is down -0.22%. US futures also point to lower open, with DOW likely heading back towards 24000 handle. In the currency markets, Yen and Swiss Franc are trading as the strongest one entering into US session. Sterling suffered some selling after data misses. For the day so far, Yen is the strongest one followed by Euro. Australia Dollar and Canadian Dollar are the weakest. Full Report Here   US CPI and Core CPI accelerated, But USD weak against Euro... ECB Draghi: EU cannot solve problems just at national levels JPY rebounds as Trump tells Russia to get ready for missiles ECB Hansson: Low inflation in Euro area due to temporary factors GBP pares gain as industrial and manufacturing production missed expectation RBA Lowe: No strong case for near term adjustment in interest... IMF Lagarde: Sun is still shining but we have to "steer... Oil Price Jumped to 4 Years' High before Profit-taking Quick Comments Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol China Xi Jinping in Boao Forum: Reinforces Ease of Restrictions for... USD Dominance Stays Despite Twin Deficits and Threats to Sell Treasury Traders Turned Bearish on Both Oil and Gold Central Bank Views | China Watch | Oil N' Gold | Special Topics EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.2312; (P) 1.2345 (R1) 1.2387; More.... Intraday bias in EUR/USD remains on the upside as rise from 1.2214 is in progress, hitting 1.2395 so far. Further rally should be seen for 1.2475 first. Break will target key resistance level at 1.2555 high. For now, as EUR/USD is bounded in range trading pattern from 1.2555, break of 1.2302 minor support will turn bias back to the downside for 1.2214 instead. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings European Markets Seeing Red as Trump Threatens to Attack Syria Canadian Dollar Rally Continues, US Consumer Inflation Next Risk Appetite Fizzles On Syria Tensions, While Oil Jumps Dollar Faces Headwinds As Geopolitical Risks Weigh, FOMC Minutes & US CPI Figures In Focus US Futures Lower Ahead Of FOMC Minutes Gold, Oil Extend Gains As Trump Warns Russia To 'Get Ready,' Missiles Coming On Syria EURJPY Creates Weak Sessions Within Narrow Range Between 132.20 – 132.60 Syria Risks Offset Trade Truce AUDUSD Has Significant Bullish Day Before Touching Upper Bollinger Band Fundamental Analysis | Technical Analysis In-depth Reports Encouraging Signs In The US-China Trade Conflict How Costly Would a Full-Blown Trade War Be? Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 23:50 JPY Machine Orders M/M Feb 2.10% -2.50% 8.20% 23:50 JPY Domestic CGPI Y/Y Mar 2.10% 2.00% 2.50% 00:30 AUD Westpac Consumer Confidence Apr -0.60% 0.20% 01:30 CNY CPI Y/Y Mar 2.10% 2.60% 2.90% 01:30 CNY PPI Y/Y Mar 3.10% 3.30% 3.70% 08:30 GBP Visible Trade Balance (GBP) Feb -10.2B -11.9B -12.3B 08:30 GBP Industrial Production M/M Feb 0.10% 0.40% 1.30% 08:30 GBP Industrial Production Y/Y Feb 2.20% 2.90% 1.60% 1.20% 08:30 GBP Manufacturing Production M/M Feb -0.20% 0.20% 0.10% 08:30 GBP Manufacturing Production Y/Y Feb 2.50% 3.30% 2.70% 2.20% 08:30 GBP Construction Output M/M Feb -1.60% 0.70% -3.40% -3.10% 11:00 GBP NIESR GDP Estimate Mar 0.20% 0.30% 0.30% 12:30 USD CPI M/M Mar -0.10% 0.00% 0.20% 12:30 USD CPI Y/Y Mar 2.40% 2.40% 2.20% 12:30 USD CPI Core M/M Mar 0.20% 0.20% 0.20% 12:30 USD CPI Core Y/Y Mar 2.10% 2.10% 1.80% 14:30 USD Crude Oil Inventories -0.6M -4.6M 18:00 USD Monthly Budget Statement Mar -175.0B -215.2B 18:00 USD FOMC Meeting Minutes

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