Action Insight Mid-Day Report 4-13-18

Action Insight Mid-Day Report 4-13-18 Yen Selling Intensified, Dollar Supported by Hawkish Fed Rosengren Yen continues to be the weakest one today as selloff intensifies in European session. Relieves from immediate risks are still as the major reason driving the Japanese currency down. Australian Dollar continues to be the strongest one with AUD/USD and EUR/AUD taking out key near term levels. Dollar was under some pressure earlier today but is supported by Fed Rosengren's comments and turned mix entering into US session. Full Report Here   Boston Fed Rosengren: Somewhat more tightening may end up being needed TPP member Japan, Australia, Malaysia told Trump, you're welcomed but no... S&P upgrades Japan's A+ rating outlook to "positive" JPY selloff intensifies, AUDJPY catching up NZDJPY Trump reconsiders joining TPP, Japan FM Aso said he's temperamental China trade balance Q1: EU imports surged 17.5% to $63.5b, US... Quick Comments Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol Oil Prices Gained for Three Days in a Row, Despite Inventory...   FOMC Minutes: Fiscal Stimulus During Full Employment Facilitates Inflation to Reach... China Xi Jinping in Boao Forum: Reinforces Ease of Restrictions for... Central Bank Views | China Watch | Oil N' Gold | Special Topics USD/JPY Mid-Day Outlook Daily Pivots: (S1) 106.88; (P) 107.15; (R1) 107.61; More... USD/JPY's rally extends to as high as 107.77 so far. Intraday bias remains on the upside for 38.2% retracement of 114.73 to 104.62 at 108.48 9 which is close to 108.12. This resistance zone will be crucial in determining the medium outlook. On the downside, break of 106.64 minor support is needed to indicate completion of the rebound. Otherwise, further rise will remain in favor even in case of retreat. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings Markets Sensitive to Geopolitical Tensions, Gold Dips UK 100 Index is Stuck Below 50.0% Fibonacci Level Following Bullish Rally from 6760 Risk Appetite Resumes, Oil At Fresh Three-Year Highs Traders Remain Cautious Heading Into The Weekend EURGBP Hits Near 11-Month Low, Looking Bearish In The Medium-Term Investors To Remain Sensitive To Market Tensions GBPJPY Accelerates And Records 2-Month High Near 154.00 USDCAD Edges Sharply Lower, Upward Sloping Channel Still Holds In Medium Term Markets Turn Optimistic As Risks Moderate, U Of M Consumer Sentiment Survey Eyed In US Fundamental Analysis | Technical Analysis In-depth Reports Could Tariffs Gum Up Industry Supply Chains? FOMC Minutes: Fiscal Stimulus During Full Employment Facilitates Inflation to Reach +2% 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 1:30 AUD RBA Financial Stability Review 3:10 CNY Trade Balance (USD) Mar -5.0B 27.8B 33.7B 3:10 CNY Trade Balance (CNY) Mar -30B 160B 225B 6:00 EUR German CPI M/M Mar F 0.40% 0.40% 0.40% 6:00 EUR German CPI Y/Y Mar F 1.60% 1.60% 1.60% 9:00 EUR Eurozone Trade Balance (EUR) Feb 21.0B 20.1B 19.9B 20.2B 14:00 USD U. of Mich. Sentiment Apr P 100.6 101.4

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