| Action Insight Mid-Day Report | Dollar Remains Soft on Risk Appetite Dollar was sold off earlier today on risk appetite and remains soft in early US session. Japanese yen follows and is broadly lower against major currencies. Sterling is the bigger winner today, as a report showed that businesses are becoming optimistic about prospects of 2010. Euro is also helped by rebound in EUR/CHF on comments from SNB official about intervention. Gold soars above 1160 level today and is now consolidation earlier gains while crude oil rose to as high as 83.95, just shy of 84 level. Stocks in US is set to follow global equity rally and open higher and the development will probably give some pressure to the greenback in near term. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 133.10 Although the single currency dropped briefly to 132.34 last Friday, price quickly rallied from there on risk appetite and euro looks set to test resistance at 134.54 key resistance, above there would reinforce our bullish count that the triple three wave 2 correction has indeed ended at 126.95 and bring further rise to 135.00 and then test of next resistance at 136.00. Full Report Here... Trade Idea: AUD/USD - Buy At 0.9205 Despite retreating to 0.9122 last Friday, the Australian dollar rallied again on dollar's broad-based weakness especially versus euro, suggesting recent upmove from 0.8735 remains in progress and as price just broke above indicated resistance at 0.9300, further gain towards resistance at 0.9407 would be seen but break there is needed to retain bullishness. Full Report Here... | | Featured Technical Report | Market Highlights | GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.5921; (P) 1.6015; (R1) 1.6116; More Intraday bias in GBP/USD remains on the upside further rise could be seen to 100% projection of 1.5829 to 1.6327 from 1.5896 at 1.6304 as correction from 1.5892 continues. Nevertheless, upside should be limited below 61.8% retracement of 1.6875 to 1.5829 at 1.6475 and bring resumption of the whole fall from 1.6875. On the downside, below 1.6067 minor support will turn intraday bias neutral first. Further break of 1.5896 will indicate that fall from 1.6875 is possibly resuming for 1.5706 key cluster support. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPUSD | 1.6156 | 1.6021 | +135 | +0.84% | | EURUSD | 1.4519 | 1.4409 | +110 | +0.76% | | AUDUSD | 0.9312 | 0.9245 | +67 | +0.72% | | USDCHF | 1.0165 | 1.0236 | -71 | -0.70% | | NZDUSD | 0.7408 | 0.7363 | +45 | +0.61% | Last Updated: Jan 11, 13:50 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 11, 13:50 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 08:15 | CHF | Retail Sales (Real) Y/Y Nov | 0.60% | 1.90% | 3.10% | 3.60% | | 13:15 | CAD | Housing Starts Dec | 175K | 161.8K | 158.5K | | | 13:30 | CAD | Building Permits M/M Nov | -4.60% | -2.00% | 18.00% | | | 15:30 | CAD | BoC Business Outlook Survey | | -- | -- | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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