| Action Insight Mid-Day Report |
Dollar Steady after Mixed NFP, Canadian Dollar Rebounds Dollar is steady in tight range after mixed non-farm payroll report. US job market contracted -20k in January versus expectation of 20k expansion. December's figure was also revised down from -85k to -150k. Unemployment rate dropped from 10.0% to 9.7%, which was the best number in five months. However, that was largely due to a sharp increase in the number of people giving up looking for work as number of 'discouraged job seekers' rose to 1.1 million in January from 734,000 a year ago. Full Report Here... |
| Elliott Wave Analysis |
EUR/JPY Elliott Wave Analysis The single currency extended recent c leg decline in line with our expectation in our previous update and downside target at 124.00 and 123.00 had been met, whilst further weakness to 121.00 is likely, as this move is still viewed as the last leg of wave 2 from 139.26, reckon downside would be limited to 120.28 (1.236 times projection of 138.49-126.95 measuring from 134.54) and 119.00 should hold on first testing. Full Report Here... USD/CHF Elliott Wave Analysis The greenback rallied in line with our expectation and indicated upside target at 1.0700 has been met and price looks set to head towards next upside target at 1.8855 in the wave iii (with i from 0.9910 to 1.0509 and ii at 1.0130), however, reckon 1.0935 would hold on first testing. Full Report Here... |
| Featured Technical Report | Market Highlights |
USD/CAD Mid-Day Outlook Daily Pivots: (S1) 1.0641; (P) 1.0696; (R1) 1.0797; More. USD/CAD's break of 1.0678 minor support suggests that an intraday top is formed at 1.0779. Some more retreat might be seen but we'd expect strong support from 1.0544 support to bring rally resumption. Prior break of 1.0744 resistance confirm that whole correction pattern from 1.0851 has already finished at 1.0223. Above 1.0779 will target a retest of 1.0851 resistance next. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | CADJPY | 83.95 | 82.86 | +109 | +1.30% | | NZDJPY | 61.92 | 61.14 | +78 | +1.26% | | AUDJPY | 77.88 | 76.94 | +94 | +1.21% | | GBPCAD | 1.6747 | 1.6920 | -173 | -1.03% | | GBPAUD | 1.8051 | 1.8218 | -167 | -0.93% | Last Updated: Feb 05, 14:05 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Feb 05, 14:05 GMT |
| Economic Indicators Update |
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 00:30 | AUD | RBA Quarterly Monetary Policy Statement | | -- | -- | | | 05:00 | JPY | Leading Index Dec P | 94 | 93.7 | 91.2 | 91 | | 09:30 | GBP | PPI Input M/M Jan | 2.00% | 0.70% | 0.10% | | | 09:30 | GBP | PPI Input Y/Y Jan | 8.40% | 6.50% | 6.90% | 7.40% | | 09:30 | GBP | PPI Output M/M Jan | 0.40% | 0.30% | 0.50% | | | 09:30 | GBP | PPI Output Y/Y Jan | 3.80% | 3.70% | 3.50% | | | 09:30 | GBP | PPI Output Core Y/Y Jan | 2.50% | 2.60% | 2.60% | | | 11:00 | EUR | German Industrial Production M/M Dec | -2.60% | 0.60% | 0.70% | | | 12:00 | CAD | Net Change in Employment Jan | 43K | 15.0K | -2.6K | | | 12:00 | CAD | Unemployment Rate Jan | 8.30% | 8.50% | 8.50% | | | 13:30 | USD | Change in Non-Farm Payrolls Jan | -20K | 20K | -85K | -150K | | 13:30 | USD | Unemployment Rate Jan | 9.70% | 10.00% | 10.00% | | |
| Suggested Readings |
Fundamental Highlights Technical Highlights |
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