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.... |
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. | |
| GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
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| 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% |
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