Action Insight Mid-Day Report 4-30-18
| Action Insight Mid-Day Report 4-30-18 | | Dollar Staying Range Bound an PCE Matched Expectations, Sterling Rebounds after Initial Selloff | Dollar remains firm in early US session after release of personal income and spending data. But now, the green back is held below Friday's high against all but Sterling. Canadian Dollar follows as the second strongest. The Pound was initial sold off earlier today but then quickly rebounded. It's Aussie and Kiwi that are trading as the weakest ones. Elsewhere, European indices are trading generally higher today even though gains are limited so far. FTSE and CAC are up around 0.3% while DAX is nearly flat. US futures point to to higher open as DOW could have a take on 24400. |  | GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.3703; (P) 1.3819; (R1) 1.3891; More... GBP/USD's fall extends to as low as 1.3712 so far today and intraday bias remains on the downside. Decisive break of 1.3711 key support should confirm medium term reversal. That is whole rally from 1.1946 has completed. And deeper fall should be seen to 1.3448 fibonacci level next. On the upside, above 1.3791 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall. |  | | GMT | Ccy | Events | Actual | Forecast | Previous | Revised | | 01:00 | AUD | TD Securities Inflation M/M Apr | 0.50% | | 0.10% | | | 01:00 | CNY | Manufacturing PMI Apr | 51.4 | 51.3 | 51.5 | | | 01:00 | CNY | Non-manufacturing PMI Apr | 54.8 | 54.5 | 54.6 | | | 06:00 | EUR | German Retail Sales M/M Mar | -0.60% | 0.80% | -0.70% | | | 07:00 | CHF | KOF Leading Indicator Apr | 105.3 | 106 | 106 | 105.1 | | 08:00 | EUR | Eurozone M3 Money Supply Y/Y Mar | 3.70% | 4.10% | 4.20% | | | 12:00 | EUR | German CPI M/M Apr P | 0.00% | -0.10% | 0.40% | | | 12:00 | EUR | German CPI Y/Y Apr P | 1.60% | 1.50% | 1.60% | | | 12:30 | CAD | Industrial Product Price M/M Mar | 0.80% | 0.20% | 0.10% | 0.30% | | 12:30 | CAD | Raw Materials Price Index M/M Mar | 2.10% | 0.60% | -0.30% | -0.40% | | 12:30 | USD | Personal Income Mar | 0.30% | 0.40% | 0.40% | 0.30% | | 12:30 | USD | Personal Spending Mar | 0.40% | 0.40% | 0.20% | 0.00% | | 12:30 | USD | PCE Deflator M/M Mar | 0.00% | 0.00% | 0.20% | | | 12:30 | USD | PCE Deflator Y/Y Mar | 2.00% | 2.00% | 1.80% | 1.70% | | 12:30 | USD | PCE Core M/M Mar | 0.20% | 0.20% | 0.20% | | | 12:30 | USD | PCE Core Y/Y Mar | 1.90% | 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% | | | | |
