Aussie Jumps on Strong Job Data, Euro Staying Weak
Action Insight Daily Report 1-20-22

Aussie Jumps on Strong Job Data, Euro Staying Weak

Canadian Dollar jumps higher again after data should consumer inflation rose further to multi-decade high. On the other hand, Dollar is paring some gains as stock markets are trying to recover. As for the week so far, Euro remains the worst performing one. Sterling is next and will look into BoE Governor Andrew Bailey's comments. Yen and Swiss Franc are mixed for now.

Technically, USD/JPY's breach of 114.30 minor support suggests that recovery from 113.47 is finished. Deeper fall could be seen to this support. We'll see if greenback's weakness would be displayed in other Dollar pairs. Or, Yen is staging a more broad-based recovery with GBP/JPY breaking through 154.86 minor support.

In Europe, at the time of writing, FTSE is up 0.61%. DAX is up 0.69%. CAC is up 0.93%. Germany 10-year yield is up 0.0078 at -0.008. Earlier in Asia, Nikkei dropped -2.80%. Hong Kong HSI rose 0.06%. China Shanghai SSE dropped -0.33%. Singapore Strait Times rose 0.12%. Japan 10-year JGB yield dropped -0.0148 to 0.137.

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Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol

AUD/USD Daily Report

Daily Pivots: (S1) 0.7180; (P) 0.7209; (R1) 0.7241; More...

AUD/USD recovers ahead of near term channel support, but stays well below 0.7313 resistance. Intraday bias remains neutral first. We're still slightly favoring the case that correction from 0.8006 is complete after defending 0.6991. Above 0.7313 will extend the rise from 0.6992 to 0.7555 resistance. However, break of 0.7128 support will dampen this bullish case and bring retest of 0.6991/2 instead.

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EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD

EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY

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Economic Calendar
GMT Ccy Events Actual Forecast Previous Revised
23:50 JPY Trade Balance (JPY) Dec -0.44T -0.73T -0.49T -0.47T
00:00 AUD Consumer Inflation Expectations Jan 4.40% 4.80%
00:01 GBP RICS Housing Price Balance Dec 69% 69% 71%
00:30 AUD Employment Change Dec 64.8K 30.0K 366.1K
00:30 AUD Unemployment Rate Dec 4.20% 4.50% 4.60%
07:00 EUR Germany PPI M/M Dec 0.90% 0.80%
07:00 EUR Germany PPI Y/Y Dec 19.40% 19.20%
10:00 EUR Eurozone CPI Y/Y Dec F 5.00% 5.00%
10:00 EUR Eurozone CPI Core Y/Y Dec F 2.60% 2.60%
12:30 EUR ECB Monetary Policy Meeting Accounts
13:30 USD Initial Jobless Claims (Jan 14) 215K 230K
13:30 USD Philadelphia Fed Manufacturing Jan 19.9 15.4
15:00 USD Existing Home Sales Dec 6.49M 6.46M
15:30 USD Natural Gas Storage -190B -179B
16:00 USD Crude Oil Inventories -2.1M -4.6M