Gold and Bitcoin Lead Market Frenzy, Yen Jumps While Others Tread Cautiously

Action Insight Daily Report 12-4-23

Gold and Bitcoin Lead Market Frenzy, Yen Jumps While Others Tread Cautiously

Gold and Bitcoin are leading the charge in Asian markets today, with Gold breaking to a new record high and Bitcoin surpassing the 40000 mark. This surge contrasts with the mixed performance of Asian equity markets, where indices like Japan's Nikkei and Hong Kong's HSI experienced some pressure. The varied market reactions come at a time when traders are bracing themselves for a week packed with high-profile economic events, including key central bank decisions from RBA and BoC, along with pivotal US non-farm payrolls data. Such anticipation is prompting a more cautious approach among traders, who are likely weighing the potential outcomes and their impacts on various asset classes....

Full Report Here

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

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.20; (P) 147.27; (R1) 147.88; More...

Intraday bias in USD/JPY is back on the downside with break of 146.65 temporary low. Fall from 151.89 is in progress and should target 145.06 key support level. On the upside, break of 148.50 resistance is needed to indicate short term bottoming. Otherwise, further decline with remain in favor in case of recovery.

Full Report Here

EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD

EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY

Recommended Readings

Technical Outlook and Review

EUR/USD Holds Support But Can It Increase Again?

Dow Jones index Wave Analysis

CHFJPY Wave Analysis

Forex and Cryptocurrencies Forecast

The Weekly Bottom Line: Moving Toward Target

Weekly Economic & Financial Commentary: Inflation Takes Another Leg Lower

BoC to Deliver 'Dovish Hold' Next Week

Will RBA Maintain Tightening Bias After CPI Miss?

Week Ahead – Nonfarm Payrolls Enter the Spotlight, RBA and BoC Decide on Policy

Weekly Focus – Disinflation Continues

Cliff Notes: Constructive Policy Developments

Top Three Trade Ideas for December 2023

Fundamental Analysis | Technical Analysis
In-depth Reports
alt
RBNZ Review: Talking Tough and Maybe Doing Something
alt
Does Santa Claus Rally Really Exist?
Economic Calendar
GMT Ccy Events Actual Forecast Previous Revised
21:45 NZD Terms of Trade Index Q3 -0.60% -2.10% 0.40% 0.30%
23:50 JPY Monetary Base Y/Y Nov 8.90% 9.50% 9.00%
00:00 AUD TD Securities Inflation M/M Nov 0.30% -0.10%
07:00 EUR Germany Trade Balance (EUR) Oct 17.0B 16.5B
07:30 CHF CPI M/M Nov -0.10% 0.10%
07:30 CHF CPI Y/Y Nov 1.60% 1.70%
09:30 EUR Eurozone Sentix Investor Confidence Dec -16 -18.6
15:00 USD Factory Orders M/M Oct -2.50% 2.80%