Action Insight Mid-Day Report 4-23-18

Action Insight Mid-Day Report 4-23-18 Dollar Marches on as 10 Year Yield Presses 3% Dollar's broad based rally extends today with the support of surging US treasury yield. 10 year yield hit as high as 2.99% in premarket, and is flirting with 3% level. Meanwhile, Japanese yen are trading as the weakest one. Euro suffered some selling earlier today after mixed PMI data. In particular, EUR/CHF's rejection from 1.2 key level become clearer. But selloff Euro is overwhelmed by weakness in Yen, Aussie and Kiwi. Movement in US yields will remain the main focus in US session as US PMIs and existing home sales are the only feature in the calendar. Full Report Here   USD strongest followed by CHF, JPY weakest into US session USD breaking Friday's highs as rally resumes Fed Williams: Trade war will lower growth, raise inflation and lower... Eurozone PMIs: Growth has downshifted markedly since the peak at the... Germany PMIs: Solid start to the second quarter. France PMIs: Private sector remained firmly in expansionary mode Moon Jae-in scored another point as North Korea suspended nuclear tests,... Japan PMI manufacturing: Stronger yen begins to impact price competitiveness Quick Comments Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol Trader were Largely Bullish on Energy and Precious Metals   BOC Revised Lower Growth Forecast for 2018, Sent a Mixed Message   Oil Prices Extend Rally as US Inventories Unexpectedly Declined   Central Bank Views | China Watch | Oil N' Gold | Special Topics AUD/USD Mid-Day Outlook Daily Pivots: (S1) 0.7639; (P) 0.7685; (R1) 0.7715; More... AUD/USD drops to as low as 0.7633 so far today. Break of 0.7642 confirms resumption of whole decline from 0.8135. Intraday bias remains on the downside for 0.7500 key support level next. Break there will indicate medium term reversal. On the upside, above 0.7682 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited below 0.7812 resistance to bring fall resumption. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings USD/JPY Breaks Out as US Bond Yields Extend Gains Dollar Posts Fresh High as Long-Term Treasury Yields Flirt with 3.0%; European Stocks Down U.S Dollar Responds To Higher Yields Gold Hits Near Two-Week Low, Looking Bearish In The Short-Term Forex Analysis: EURUSD And EURGBP EURUSD Penetrates Long-Term Ascending Trend Line, Still Stands In Symmetrical Triangle In Near-Term Fundamental Analysis | Technical Analysis In-depth Reports Business Cycle Weaker As Trade Tensions Continue ECB Preview - Not On Draghi's Watch China Unexpectedly Loosens Monetary Policy by Cutting RRR U.S. Economic Growth: 2 Be, Or Not 2 Be Economic Calendar GMT Ccy Events Actual Forecast Previous Revised 00:30 JPY PMI Manufacturing Apr P 53.3 53.4 53.1 07:00 EUR France Manufacturing PMI Apr P 53.4 53.5 53.7 07:00 EUR France Services PMI Apr P 57.4 56.5 56.9 07:30 EUR Germany Manufacturing PMI Apr P 58.1 57.5 58.2 07:30 EUR Germany Services PMI Apr P 54.1 53.7 53.9 08:00 EUR Eurozone Manufacturing PMI Apr P 56 56.1 56.6 08:00 EUR Eurozone Services PMI Apr P 55 54.6 54.9 12:30 CAD Wholesale Trade Sales M/M Feb -0.80% 0.80% 0.10% 13:45 USD US Manufacturing PMI Apr P 55.2 55.6 13:45 USD US Services PMI Apr P 54.1 54 14:00 USD Existing Home Sales Mar 5.55M 5.54M

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