| Action Insight Mid-Day Report |
JPY Firm on Risk Aversion after Rating Jittery, GBP Tumbled on GDP Disappointment Japanese yen had some jittery today but still managed to gain broadly on risk aversion. Sterling tumbled after release of worse than expected GDP data. Dollar continues to strengthen against major currencies except yen. The greenback is supported as crude oil fails to get hold of 75 level while gold is dropped back below 1090. Full Report Here... |
| Special Report |
FOMC Preview: Current Conditions Warrant Low Interest Rates The Fed is expected to keep the policy rate unchanged at 0-0.25% at the January meeting. While there have signs showing improvement in economic outlook, job markets remained the area the Fed concerned the most. The number of payrolls unexpectedly plunged -85K in December, compared with consensus of no change from November, while the unemployment rate stayed at 10%. The Fed will wait until unemployment rate has dropped substantially before considering rate hikes. Full Report Here... |
| Elliott Wave Analysis |
Trade Idea: EUR/JPY - Sell At 128.35, O.C.O. Buy At 124.85 Despite intra-day brief bounce to 128.38, the single currency met renewed selling interest there and resumed recent decline, suggesting the wave c from 134.37 is still in progress and weakness towards 124.83/85 (50% projection of 133.65 to 126.55 measuring from 128.38) cannot be ruled out before prospect of another rebound later. Full Report Here... Trade Idea: AUD/USD - Buy At 0.8920 The Australian dollar has fallen after meeting renewed selling below resistance at 0.9093 and although weakness towards 0.8910 cannot be ruled out, reckon downside would be limited to 0.8878 (61.8% projection of 0.9331 to 0.8983 measuring from 0.9093) would hold from here and bring rebound due to loss of downward momentum. Full Report Here... |
| Featured Technical Report | Market Highlights |
GBP/JPY Mid-Day Outlook Daily Pivots: (S1) 145.24; (P) 145.98; (R1) 147.33; More GBP/JPY's break of 144.58 confirms that fall from 150.68 has resumed and the cross should now be targeting 141.99 support next. Break there will further affirm the case that consolidation from 139.69 has completed at 150.68 alrady and whole decline from 163.05 is resuming. In such case, deeper decline should be seen to retest 139.26 low next. On the upside, though, above 147.25 minor resistance will mix up the near term outlook and we'll turn neutral first in such case. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 63.24 | 64.42 | -118 | -1.87% | | AUDJPY | 80.34 | 81.60 | -126 | -1.57% | | GBPJPY | 144.56 | 146.60 | -204 | -1.41% | | CHFJPY | 85.70 | 86.81 | -111 | -1.30% | | CADJPY | 84.24 | 85.32 | -108 | -1.28% | Last Updated: Jan 26, 13:50 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 26, 13:50 GMT |
| Economic Indicators Update |
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | Corporate Service Price Y/Y Dec | 1.50% | -1.40% | -2.00% | -2.20% | | 3:30 | JPY | BoJ Interest Rate Decision | 0.10% | 0.10% | 0.10% | | | 7:00 | EUR | German Import Price Index M/M Dec | 0.50% | 0.00% | 0.40% | | | 7:00 | CHF | UBS Consumption Indicator Dec | 1.195 | -- | 1.276 | 1.255 | | 9:00 | EUR | German IFO - Expectations Jan | 100.6 | 99.1 | 99.1 | 98.9 | | 9:00 | EUR | German IFO - Business Climate Jan | 95.8 | 95.2 | 94.7 | 94.6 | | 9:00 | EUR | German IFO - Current Assessment Jan | 91.2 | 91.3 | 90.5 | 30.4 | | 9:00 | EUR | Eurozone Current Account (EUR) Nov | 0.1B | -3.1B | -4.6B | | | 9:30 | GBP | GDP Q/Q Q4 A | 0.10% | 0.40% | -0.20% | | | 9:30 | GBP | GDP Y/Y Q4 A | -3.20% | -3.00% | -5.10% | | | 9:30 | GBP | Index of Services 3M/3M Nov | 0.10% | 0.40% | -0.20% | | | 14:00 | USD | S&P/Case-Shiller Composite-20 Y/Y Nov | | -5.00% | -7.28% | | | 15:00 | USD | Consumer Confidence Jan | | 53.5 | 52.9 | | | 15:00 | USD | House Price Index M/M Nov | | 0.50% | 0.60% | | |
| Suggested Readings |
Fundamental Highlights Technical Highlights |
No comments:
Post a Comment