CurrencyKey Pairs the Hawk Eyeing This Week Bg 7/22 & Trade Ideas
GLOBALTradewars & Growth - take your pick. Will stimulus work or will Trump get his wish of ever lower rates - does this story ever change. Iran maybe?
AUDLong @6975 (11/7) TP 7050 (win) Another long taken @7072 TP 7192
EURLong @1270 (11/7) TP 1380
GBPLong @2530 (11/7) TP 2700
JPYLong$ @108 (11/7) TP 10879 KO'D
NZD Pass the milk
USDFavoring short $ - cautious on back of growth concern
WTIlong @ 5617 TP 5950 long @ 5627 TP 5730
ChinaSee below

RSS China Watch

  • China’s CPI Soared to +4.5%; Exports Contracted More than Expected December 10, 2019
    Headline CPI in China accelerated to +4.5% y/y in November, from +3.8% a month ago. The key contributor to strong inflation is fresh vegetable and pork prices. Non-food price climbed +1% y/y from +0.9% in October. Excluding food and energy prices, core inflation steadied at +1.4% y/y. Upstream PPI contracted -1.4%, improving from -1.6% in […]
  • Strong Manufacturing PMI Sent Hope of Stabilization in Chinese Economy December 2, 2019
    Purchasing Manager Indices (PMIs) suggested that the manufacturing China improved in November. Improvement in manufacturing PMIs signaled that upcoming industrial production data can surprise to the upside. The official PMI improved +0.9 point to 50.2 in November. This marks the first expansion (above 50) since March and the second largest reading in the year. The […]
  • PBOC to Ease Monetary Policy Further Despite Strong Inflation November 26, 2019
    We expect China’s monetary policy will be more expansionary in coming months as the economy slows further. Struggling between boosting growth and curbing CPI acceleration, the authority has probably chosen the former. Meanwhile, PBOC is obliged to do more as fiscal stimulus remains modest. PBOC has lowered interest rates three times this month. Last week […]

RSS Special Reports

RSS Action Forex Fundamental Analysis

  • Summary 12/16 – 12/20 December 14, 2019
    Monday, Dec 16, 2019 Tuesday, Dec 17, 2019 Wednesday, Dec 18, 2019 Thursday, Dec 19, 2019 Friday, Dec 20, 2019 The post Summary 12/16 – 12/20 appeared first on Action Forex.
  • A Phase One Trade Deal is Reached, What Does It Mean? December 14, 2019
    The phase one trade deal is light on details, but it signals a welcome détente. Though not enough to move the dial for growth yet, it scales back China tariffs by about $32 billion of where they’d be without it. So What Specifically Does this Deal Entail? An 11th hour announcement today offered some preliminary […]
    Wells Fargo Securities
  • The Election is Over, But Brexit is Not December 14, 2019
    Executive Summary The U.K. Conservative Party won yesterday’s general election in a landslide, paving the way for approval of the withdrawal agreement allowing the U.K. to leave the E.U. with a deal in place by January 31, 2020. This would merely mark the end of Brexit “phase one,” however, as attention will now likely shift […]
    Wells Fargo Securities
  • Weekly Economic and Financial Commentary: Let’s Make a Deal, or Three December 14, 2019
    U.S. Review OK Monty, Let’s Go With Door# 1, Door #2 AND Door #3 Lawmakers and the administration made breakthroughs this week on deals to avoid the Dec. 15 tariffs, likely pass the USMCA and avert a government shutdown next week. The USTR confirmed that Sunday’s tariffs will not go into effect and the 15% […]
    Wells Fargo Securities

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