Dollar Digesting Gains, But Remains Strongest for the Week
Action Insight Mid-Day Report 11-12-21

Dollar Digesting Gains, But Remains Strongest for the Week

Overall, trading in the forex market is rather subdued today. Dollar is retreating mildly but remains the strongest one for the week. Yen remains the distant second, while Sterling is third. On the other hand, Australian Dollar is the weakest one, followed closely by New Zealand Dollar. Euro and Swiss Franc are mixed. Gold also turns into consolidation but stays firm at around 1850. WTI crude oil is holding stubbornly around 80 handle.

In Europe, at the time of writing, FTSE is down -0.45%. DAX is up 0.13%. CAC is up 0.28%. Germany 10-yaer yield is down -0.0127 at -0.242. Earlier in Asia, Nikkei rose 1.13%. Hong Kong HSI rose 0.32%. China Shanghai SSE rose 0.18%. Singapore Strait Times dropped -0.30%. Japan 10-year JGB yield rose 0.0052 to 0.076.

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

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Central Bank Views | China Watch | Oil N' Gold | Special Topics

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3339; (P) 1.3386; (R1) 1.3413; More...

GBP/USD recovers mildly but outlook stays bearish with 1.3606 resistance intact. Current down trend from 1.4248 should target 1.3164 fibonacci level. We'd monitor the downside momentum of the next move, and look for bottoming sign around 1.3164.

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EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD

EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY

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Fundamental Analysis | Technical Analysis
In-depth Reports
Rate Hike Speculations Heighten as Eurozone's Inflation Accelerates Further
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Economic Calendar
GMT Ccy Events Actual Forecast Previous Revised
21:30 NZD BusinessNZ Manufacturing Index Oct 54.3 51.4 51.6
7:30 CHF Producer and Import Prices M/M Oct 0.20%
7:30 CHF Producer and Import Prices Y/Y Oct 4.50%
10:00 EUR Eurozone Industrial Production M/M Sep -0.50% -1.60%
15:00 USD Michigan Consumer Sentiment Index Nov P 72.5 71.7