A Busy Week With RBA, Fed, BoE, and NFP, Dollar Starts Firm
Action Insight Daily Report 5-2-22

A Busy Week With RBA, Fed, BoE, and NFP, Dollar Starts Firm

Dollar rises broadly again today but Asian session is a bit quiet with China and Hong Kong on holiday. Selling mainly concentrates on Aussie and Kiwi, with both breaking through last week's lows. But Euro and Yen are not too far away. Sterling and Canadian are mixed for now. Three central banks will hike interest rates this week and lots of important economic data are featured. Let's fasten our seat belts.

Technically, Dollar pairs will be the focuses today. Levels to watch include 1.0470 temporary low in EUR/USD, 0.8579 temporary top in USD/CHF, 131.24 in USD/JPY and 1.2879 in USD/CAD. Firm break of these levels together should confirm resumption of broad based rally in Dollar.

In Asia, at the time of writing, Nikkei is down -0.09%. Japan 10-year JGB yield is up 0.0145 at 0.234. Singapore Strait Times is up 0.65%.

Full Report Here

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

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9692; (P) 0.9714; (R1) 0.9758; More....

Intraday bias in USD/CHF remains neutral for consolidation below 0.9758 temporary top. Deeper retreat could be seen, but downside should be contained well above 0.9459 support to bring another rally. On the upside, break of 0.9758 will resume larger rise to next medium term projection level at 0.9864.

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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
22:30 AUD AiG Performance of Mfg Index Apr 58.5 55.7
00:30 JPY Manufacturing PMI Apr F 53.5 53.4 53.4
05:00 JPY Consumer Confidence Index Apr 33.9 32.8
06:00 EUR Germany Retail Sales M/M Mar 0.30% 0.30%
07:00 CHF SECO Consumer Climate Q2 -15 -4
07:30 CHF Manufacturing PMI Apr 60.2 64
07:45 EUR Italy Manufacturing PMI Apr 55.1 55.8
07:50 EUR France Manufacturing PMI Apr F 55.4 55.4
07:55 EUR Germany Manufacturing PMI Apr F 54.1 54.1
08:00 EUR Unemployment Mar 8.40% 8.50%
08:00 EUR Eurozone Manufacturing PMI Apr F 55.3 55.3
09:00 EUR Eurozone Economic Sentiment Indicator Apr 108 108.5
09:00 EUR Eurozone Services Sentiment Apr 14.2 14.4
09:00 EUR Eurozone Industrial Confidence Apr 9.5 10.4
09:00 EUR Eurozone Consumer Confidence Apr F -16.9 -16.9
13:30 CAD Manufacturing PMI Apr 57.9 58.9
13:45 USD Manufacturing PMI Apr F 59.7 59.7
14:00 USD ISM Manufacturing PMI Apr 57.5 57.1
14:00 USD ISM Manufacturing Prices Paid Apr 88.2 87.1
14:00 USD ISM Manufacturing Employment Index Apr 56.3
14:00 USD Construction Spending M/M Mar 0.80% 0.50%
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