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Calendar event / Yesterday at 15:00 GMTpreviousforecastactualMed Existing Sales5.32M5.25M4.99MMed Existing Sales, M/M%+1.9%-1.3%-6.4%Med Unsold Homes Month's Supply3.93.7Med Median Price (USD)257700253600Med Median Home Price, Y/Y%+4.2%+2.9%
Squawk / Yesterday at 12:55 GMTmy followers can contact me on whats app for future market view and trading signal +919899993052 or visit my website for daily market view, www.fxlive.in
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Calendar event / Friday at 15:00 GMT
US University of Michigan Survey of Consumers - preliminary datapreviousforecastactualHigh Mid-Mo Sentiment97.596.490.7Med Mid-Mo Current Idx115.2110Med Mid-Mo Expectations86.1
Calendar event / Friday at 14:15 GMT
US Industrial Production & Capacity UtilizationpreviousforecastactualHigh Industrial Production, M/M%+0.6%+0.2%+0.3%High Capacity Utilization %78.5%78.5%78.7%Med Capacity Utilization, Net Chg (Pts)+0.4+0.1
Calendar event / Friday at 13:30 GMT
CA CPIpreviousforecastactualMed All Items CPI, M/M%-0.4%-0.1%Med All Items CPI, Y/Y%+1.7%+1.7%+2%Med CPI-Common, Y/Y%+1.9%+1.9%Med CPI-Median, Y/Y%+1.9%+1.8%Med CPI-Trim, Y/Y%+1.9%+1.9%
Calendar event / Thursday at 13:30 GMT
US Unemployment Insurance Weekly Claims Report - Initial ClaimspreviousforecastactualHigh Jobless Claims216K220K213KHigh Continuing Claims17220001737000Low Jobless Claims, Net Chg-17K-3KLow Continuing Claims, Net Chg-28K+18K
Squawk / Thursday at 8:05 GMTUSDCAD bull trend neutralised; USDJPY indecisive
A more aggressive selloff for the USDCAD Forex rate into mid-January, as we had flagged, was assisted by a rebound in the Oil price (benefiting the Canadian Dollar) and has pushed through some notable USDCAD support levels (see below).
This has shifted the intermediate-term outlook for USDCAD from bullish to neutral, with asymmetrical risks towards an intermediate-term shift to bearish.
As expected, the USDJPY currency pair continued the rebound since the “flash crash” that started the year, to push above the 108.90 level, which neutralised the intermediate-term bearish outlook, to set a broader range theme into the second half of January.
See the full article and video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/usdcad-bull-trend-neutralised-usdjpy-indecisive/
Calendar event / 15 January 2019 at 13:30 GMT
US PPIpreviousforecastactualMed PPI, M/M%+0.1%-0.1%-0.2%Med Ex-Food & Energy PPI, M/M%+0.3%+0.2%-0.1%Med Personal Consumption-0.1%-0.2%
Squawk / 14 January 2019 at 8:24 GMTUSDCAD poised for an intermediate-term bear shift; USDJPY neutral
A broadly more negative tone for the US Dollar has been seen in early 2019, given a more dovish tone from FOMC Members, including the Fed Chairman, Jerome Powell.
Furthermore, a global shift to “risk on” has also been seen in early January, with easing trade war concerns.
The above macroeconomic fundamental shifts, alongside a firm rebound in the Oil price (after aggressive weakness in Q4 2018) has seen USDCAD plunge lower, to neutralise an intermediate-term bull trend and threaten an intermediate-term shift to bearish (see below).
USDJPY did seem an aggressive selloff to start the year with a “risk off flash crash”, but the strong subsequent rebound has seen an intermediate-term shift back to a neutral, broader range environment.
See the full article and video analysis here: https://www.forexfraud.com/technical-analysis/usdcad-poised-for-an-intermediate-term-bear-shift-usdjpy-neutral