Risk Sentiment Flip-Flops, Canadian Dollar Shrugs Retail Sales
Action Insight Mid-Day Report 12-21-21

Risk Sentiment Flip-Flops, Canadian Dollar Shrugs Retail Sales

Risk sentiment continues to flip-flop in pre-holiday markets. Major European indexes and US futures are trading slightly higher. Swiss Franc, Yen and Dollar are all trading generally lower, while Kiwi and Aussie are trading higher with Sterling. Canadian Dollar appears to be getting little support from better than expected retail sales data.

Technically, gold appears to be supported by 4 hour 55 EMA and recovers. It has yet recaptured 1800 handle yet. For now, further rise is in favor as long as 1781.99 minor support holds. Break of 1814.06 will target 1877.05 resistance. However, below 1781.99 will bring retest of 1752.32 support instead.

In Europe, at the time of writing, FTSE is up 0.99%. DAX is up 1.14%. CAC is up 1.06%. Germany 10-year yield is up 0.0462 at -0.320. Earlier in Asia, Nikkei rose 2.08%. Hong Kong HSI rose 1.0%. China Shanghai SSE rose 0.88%. Singapore Strait Times rose 0.39%. Japan 10-year JGB yield rose 0.0163 to 0.055.

Full Report Here

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

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

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9188; (P) 0.9220; (R1) 0.9246; More....

USD/CHF is still bounded in range trading above 0.9156 and intraday bias remains neutral. On the downside, below 0.9156 will target 0.9084 support. Firm break there should confirm that choppy rise from 0.8925 has completed, and suggests that fall from 0.9471 is resuming. Deeper decline would be seen through 0.8925. On the upside, break of 0.9293 will suggest that the pull back from 0.9372 is finished. Intraday bias will be turned back to the upside for 0.9372.

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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
00:30 AUD RBA Minutes
07:00 EUR Germany Gfk Consumer Confidence Jan -6.8 -2.5 -1.6 -1.8
07:00 CHF Trade Balance (CHF) Nov 6.16B 5.43B 5.65B
07:00 GBP Public Sector Net Borrowing (GBP) Nov 16.6B 12.0B 18.0B 11.6B
13:30 USD Current Account (USD) Q3 -215B -204B -190B
13:30 CAD Retail Sales M/M Oct 1.60% 1.20% -0.60%
13:30 CAD Retail Sales ex Autos M/M Oct 1.30% 0.80% -0.20%
15:00 EUR Eurozone Consumer Confidence Dec P -8 -7