| Action Insight Mid-Day Report | Yen Rallies as China Raises Bank Reserve Requirements Yen rallies across the board as China took another step to cool lending by raising bank reserve requirements . Dollar, on the other hand, continues to consolidate against major currencies as crude oil and gold retreats. In particular, crude oil seems to be topped out in near term at 83.95 after missing 84 mark and extends it's pullback from there to as low as 81.26 so far today. USD/CAD is, thus lifted to as high as 1.0366 before being pressured by USD/JPY selling. Full Report Here... | | Special Report | 2010 Currency Outlook: EUR In the near-term, we see further upside for the euro against the dollar as strong global economic recovery and a broad-based low interest rate environment continues to favor 'higher-yield' assets. Moreover, the disappointing US non-farm payrolls in December evaporated much speculation about an early Fed tightening. Renewed weakness in USD, after a strong recovery in late-2009, should persist for a few months before favorable data emerge again. Full Report Here... | | Elliott Wave Analysis | Trade Idea: AUD/USD - Buy At 0.9130 As aussie has retreated after rising to 0.9326 yesterday, suggesting consolidation below there would be seen (it is possible that the minor wave (v) of iii has ended there) and below 0.9200 would bring wave iv correction of wave iii towards 0.9122 (previous 4th of one lesser degree), however, reckon 0.9100/05 would limit downside, bring another rally in wave v later. Above said resistance would extend gain towards 0.9407 but break there is needed to retain bullishness. Full Report Here... | | Featured Technical Report | Market Highlights | USD/JPY Mid-Day Outlook Daily Pivots: (S1) 91.71; (P) 92.18; (R1) 92.56; More. USD/JPY's fall from 93.74 extends further to as low as 91.32 so far in early US session and at this point, intraday bias remains on the downside for 91.24 support. Break there will indicate that whole rally from 84.81 might have completed at 93.74 already, on bearish divergence condition in 4 hours MACD. Deeper decline should then be seen to 87.36 support for confirmation. On the upside, above 92.41 minor resistance will turn intraday bias neutral first. But risk will now remain on the downside as long as 93.74 resistance holds. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | AUDJPY | 84.32 | 85.59 | -127 | -1.51% | | CADJPY | 88.02 | 89.07 | -105 | -1.19% | | NZDJPY | 67.53 | 68.28 | -75 | -1.11% | | EURJPY | 132.35 | 133.62 | -127 | -0.96% | | GBPAUD | 1.7493 | 1.7330 | +163 | +0.93% | Last Updated: Jan 12, 13:40 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 12, 13:40 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | Current Account (JPY) Nov | 1.30T | 1.22T | 1.38T | | | 00:01 | GBP | RICS House Price Balance Dec | 30.00% | 38.00% | 35.00% | | | 05:00 | JPY | Eco Watchers Survey: Current Dec | 35.4 | 34.2 | 33.9 | | | 09:30 | GBP | Visible Trade Balance (GBP) Nov | -6.784B | -7.000B | -7.108B | -7.020B | | 09:30 | GBP | DCLG UK House Prices Y/Y Nov | 0.60% | 0.40% | -2.20% | | | 13:30 | CAD | New Housing Price Index M/M Nov | 0.40% | 0.30% | 0.30% | | | 13:30 | CAD | Trade Balance (CAD) Nov | -0.3B | 0.7B | 0.4B | | | 13:30 | USD | Trade Balance Nov | -36.4B | -$34.8B | -$32.9B | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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