| Action Insight Mid-Day Report |
Yen Rebounds as US Data Disappoints, Euro Steady after ECB Yen rebounds across the board in early US session after disappointment from US data. Meanwhile, Euro remains generally steady after ECB rate decision and press conference. Retail sales unexpectedly fell -0.3% in December. Ex-auto sales also dropped -0.2%. Initial jobless claims rose slightly to 444k even though the 4-week average dropped to 18 months low of 440.38k. Continuing claims dropped by 211k to 4.6m. Import price was flat in December. Full Report Here... |
| Special Report |
Beige Book Review – Economic Outlook Improving But Still Slow Federal Reserve Bank of Philadelphia Wednesday released the Beige Book based on information collected in late November through January 4, 2010. 10 out of 12 districts showed economic improvement in the reporting period, suggesting a broadening of recovery. However, over improvement remained at low level compared with pre-recession level in 2007. Full Report Here... |
| Elliott Wave Analysis |
Trade Idea: EUR/JPY - Buy At 132.00 The strong rebound from 131.64 suggests the pullback from 134.37 has ended there and consolidation with upside bias is seen but break of key resistance at 134.54 is needed to confirm upmove has finally resumed in wave iii for headway to 135.00, then to next resistance at 136.00. Full Report Here... Trade Idea: AUD/USD - Exit Short Entered At 0.9300 Aussie's intra-day breach of resistance at 0.9326 has dampened our count that wave iii has ended there and upside risk is seen for further gain to 0.9350/60 but reckon recent high at 0.9407 would hold from here, bring another retreat in wave iv correction later. Full Report Here... |
| Featured Technical Report | Market Highlights |
USD/JPY Mid-Day Outlook Daily Pivots: (S1) 90.99; (P) 91.28; (R1) 91.65; More. USD/JPY's sharp fall in early US session suggests that recovery from 90.74 might have completed at 92.03 already after hitting 4 hours 55 EMA. Intraday bias is cautiously on the downside and break of 90.74 support will indicate that whole fall from 93.74 has resumed for 87.36 support next. Break there will also confirm that whole rise from 84.81 has completed. In such case, medium term down trend is possibly resuming for new low below 84.81. On the upside, above 92.03 will delay the bearish case and bring more consolidations first before another fall. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | AUDJPY | 85.08 | 84.42 | +66 | +0.78% | | AUDUSD | 0.9297 | 0.9240 | +57 | +0.61% | | EURAUD | 1.5603 | 1.5698 | -95 | -0.61% | | GBPAUD | 1.7514 | 1.7613 | -99 | -0.57% | | AUDCAD | 0.9576 | 0.9524 | +52 | +0.54% | Last Updated: Jan 14, 13:45 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 14, 13:45 GMT |
| Economic Indicators Update |
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | Machine Orders M/M Nov | -11.30% | 0.30% | -4.50% | | | 23:50 | JPY | Machine Orders Y/Y Nov | -20.50% | -10.10% | -21.00% | | | 23:50 | JPY | Domestic CGPI Y/Y Dec | -3.90% | -3.80% | -4.90% | -5.00% | | 00:30 | AUD | Employment Change Dec | 35.2K | 10.0K | 31.2K | 31.4K | | 00:30 | AUD | Unemployment Rate Dec | 5.50% | 5.80% | 5.70% | 5.60% | | 07:00 | EUR | German CPI M/M Dec F | 0.80% | 0.70% | 0.70% | | | 07:00 | EUR | German CPI Y/Y Dec F | 0.90% | 0.80% | 0.80% | | | 10:00 | EUR | Eurozone Industrial Production M/M Nov | 1.00% | 0.60% | -0.60% | -0.30% | | 10:00 | EUR | Eurozone Industrial Production Y/Y Nov | -7.10% | -8.40% | -11.10% | -10.90% | | 12:45 | EUR | ECB Interest Rate Decision | 1.00% | 1.00% | 1.00% | | | 13:30 | EUR | ECB Press Conference | | -- | -- | | | 13:30 | USD | Advance Retail Sales Dec | -0.30% | 0.40% | 1.30% | | | 13:30 | USD | Retail Sales Less Autos Dec | -0.20% | 0.30% | 1.20% | | | 13:30 | USD | Import Price Index M/M Dec | 0.00% | -0.10% | 1.70% | | | 13:30 | USD | Initial Jobless Claims | 444K | 438K | 434K | | | 15:00 | USD | Business Inventories Nov | | 0.00% | 0.20% | | | 15:30 | USD | Natural Gas Storage | | -255B | -153B | | |
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