| Action Insight Mid-Day Report | Dollar Soft after GDP, Euro Extends Recovery Dollar remains generally soft, except versus yen, after release of Q1 GDP data from US. US economy grew 3.2% annualized rate in Q1, slightly below expectation of 3.4%. Price index rose 0.9% as expected while core PCE rose 0.6%. Employment costs jumped 0.6% in Q1 too. From Canada, GDP expanded less than expected by 0.3% mom in February. IPPI dropped -0.4% mom in March with RMPI rose 0.8%. Released earlier, Eurozone CPI was unchanged at 1.5% yoy in APril while unemployment was also steady at 10% in March. Swiss KOF leading indicator rose to 1.99 in April. Full Report Here... | | Elliott Wave Analysis | Trade Idea: AUD/USD - Buy At 0.9230 As aussie has maintained a firm undertone after staging a rebound from 0.9135, adding credence to our view that the 2nd c leg of wave (ii) has ended there and consolidation with mild upside bias is seen for test of 0.9339 (x leg top) and then towards resistance at 0.9389, break there would bring resumption of upmove in wave (iii) for retest of 0.9407. Full Report Here... Trade Idea: EUR/JPY - Exit Short Entered At 125.80 Euro's rally after breaking resistance at 124.92 has dampened our bearishness and suggests the correction from 127.95 has ended at 122.37 and upside risk is seen for test of 126.30, break there would confirm and extend further gain to 127.00. Looking ahead, above 127.95 resistance would confirm wave ii has ended and bring wave iii for headway to 129.00. Full Report Here... | | Featured Technical Report | Market Highlights | USD/JPY Mid-Day Outlook Daily Pivots: (S1) 93.24; (P) 93.78; (R1) 94.57; More. USD/JPY rises further to as high as 94.57 earlier today but after all, upside is still limited below 94.68 resistance. Outlook remains neutral. On the upside, decisive break of 94.68 resistance will confirm that whole rally from 88.13 has resumed and should target 100% projection of 84.81 to 93.74 from 88.13 at 97.06 next. Before that, we might see more sideway consolidations first. Below 93.84 minor support will bring another fall but, we'd expected downside to be contained by 91.59 support to conclude the consolidation from 94.68 and bring rally resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 68.88 | 68.00 | +88 | +1.28% | | NZDUSD | 0.7315 | 0.7235 | +80 | +1.09% | | EURCAD | 1.3431 | 1.3299 | +132 | +0.98% | | CHFJPY | 87.60 | 86.76 | +84 | +0.96% | | EURJPY | 125.60 | 124.44 | +116 | +0.92% | Last Updated: Apr 30, 13:35 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 30, 13:35 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:01 | GBP | GfK Consumer Confidence Survey Apr | -16 | -14 | -15 | | | 23:15 | JPY | Manufacturing PMI Apr | 53.5 | -- | 52.4 | | | 23:30 | JPY | Unemployment Rate Mar | 5.00% | 4.90% | 4.90% | | | 23:30 | JPY | Household Spending Y/Y Mar | 4.40% | 0.70% | -0.50% | | | 23:30 | JPY | Tokyo CPI Core Y/Y Apr | -1.90% | -2.00% | -1.80% | | | 23:30 | JPY | National CPI Core Y/Y Mar | -1.20% | -1.20% | -1.20% | | | 23:50 | JPY | Industrial Production M/M Mar P | 0.30% | 0.80% | -0.60% | | | 23:50 | JPY | Industrial Production Y/Y Mar P | 30.70% | 31.10% | 31.30% | | | 04:15 | JPY | BoJ Interest Rate Decision | 0.10% | 0.10% | 0.10% | | | 05:00 | JPY | Housing Starts Y/Y Mar | -2.40% | -5.80% | -9.30% | | | 09:00 | EUR | Eurozone CPI Estimate Y/Y Apr | 1.50% | 1.50% | 1.50% | | | 09:00 | EUR | Eurozone Unemployment Rate Mar | 10.00% | 10.00% | 10.00% | | | 09:30 | CHF | KOF Leading Indicator Apr | 1.99 | 1.99 | 1.93 | 1.96 | | 12:30 | CAD | GDP M/M Feb | 0.30% | 0.40% | 0.60% | | | 12:30 | CAD | Industrial Product Price M/M Mar | -0.40% | 0.20% | 0.00% | | | 12:30 | CAD | Raw Materials Price Index M/M Mar | 0.80% | 0.90% | 0.40% | | | 12:30 | USD | GDP (Annualized) Q1 A | 3.20% | 3.40% | 5.60% | | | 12:30 | USD | GDP Price Index Q1 A | 0.90% | 0.90% | 0.50% | | | 12:30 | USD | Core PCE Q/Q Q1 A | 0.60% | 0.50% | 1.80% | | | 12:30 | USD | Employment Cost Index Q1 | 0.60% | 0.50% | 0.50% | | | 13:45 | USD | Chicago PMI Apr | | 60 | 58.8 | | | 13:55 | USD | U. of Michigan Confidence Apr F | | 71 | 69.5 | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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