| Action Insight Mid-Day Report | Euro Remains Pressured, Yen Pares Gain after Solid US Data Euro remains broadly pressured in early US session as concern on Greece's fiscal health continue to weigh down the common currency. Yen was lifted up earlier today on risk aversion but pares some of its gain after release of stronger than expectation manufacturing data from US. Pound remains relatively steady as supported by buying in EUR/GBP cross. Dollar is a bit firmer against commodity currencies as crude oil and gold weaken mildly. Full Report Here... | | Elliott Wave Analysis | Trade Idea: AUD/USD - Buy At 0.9130 Despite yesterday's marginal rise to 0.9331, lack of follow through buying and the retreat from there suggest the wave iv is still unfolding with a leg ended at 0.9170 and irregular b at 0.9331, then the c leg of iv is now in progress for test of 0.9170, then towards 0.9122 (previous 4th of one lesser degree) before prospect of another upmove in wave v later. Above resistance at 0.9331 would signal the wave v is underway for headway to 0.9350/60 but reckon recent high at 0.9407 would hold on first testing. Full Report Here... Trade Idea: EUR/JPY - Stand Aside The single currency tumbled on risk aversion after the release of soft U.S. data and decline accelerated after breaking support at 131.51, suggesting the rise from 127.32 has ended at 134.37 as the wave (i) of iii, hence correction in wave (ii) is under way for weakness to 130.01 (61.8% Fibonacci retracement of wave (i) from 127.32 to 134.37) and possibly towards 129.00, however, price should stay well above support at 127.32 and bring another rally next week. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.4445; (P) 1.4500; (R1) 1.4554; More EUR/USD's fall from 1.4578 extends further to as low as 1.4359 today and at this point, intraday bias remains on the downside downside for 1.4266 support. As noted before, correction from 1.4217 has likely completed at 1.4578 after hitting 38.2% retracement of 1.5143 to 1.4217 at 1.4571. Break of 1.4266 will suggest that whole fall from 1.5143 has resumed for 38.2% retracement of 1.2329 to 1.5143 at 1.4068 next. On the upside, above 1.4445 minor resistance will turn intraday bias neutral again. But risk will remain on the downside as long as 1.4578 resistance holds. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | EURJPY | 131.01 | 132.24 | -123 | -0.94% | | CHFJPY | 88.78 | 89.51 | -73 | -0.82% | | AUDJPY | 84.28 | 84.96 | -68 | -0.81% | | EURUSD | 1.4386 | 1.4499 | -113 | -0.79% | | NZDJPY | 67.24 | 67.70 | -46 | -0.68% | Last Updated: Jan 15, 14:20 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 15, 14:20 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 07:00 | EUR | German WPI M/M Dec | 0.20% | 0.50% | 0.70% | | | 08:15 | CHF | Combined PPI M/M Dec | 0.10% | 0.20% | 0.00% | | | 08:15 | CHF | Combined PPI Y/Y Dec | -2.50% | -2.50% | -3.30% | | | 10:00 | EUR | Eurozone CPI M/M Dec | 0.30% | 0.30% | 0.10% | | | 10:00 | EUR | Eurozone CPI Y/Y Dec | 0.90% | 0.90% | 0.50% | | | 10:00 | EUR | Eurozone CPI - Core Y/Y Dec | 1.10% | 1.00% | 1.00% | | | 10:00 | EUR | Eurozone Trade Balance (EUR) Nov | 3.9B | 5.4B | 6.3B | 4.7B | | 13:30 | CAD | New Motor Vehicle Sales M/M Nov | -6.00% | -7.00% | 3.50% | | | 13:30 | USD | CPI M/M Dec | 0.10% | 0.20% | 0.40% | | | 13:30 | USD | CPI Y/Y Dec | 2.70% | 2.80% | 1.80% | | | 13:30 | USD | CPI Core M/M Dec | 0.10% | 0.10% | 0.00% | | | 13:30 | USD | CPI Core Y/Y Dec | 1.80% | 1.80% | 1.70% | | | 13:30 | USD | Empire State Manufacturing Jan | 15.9 | 11 | 2.55 | | | 14:15 | USD | Industrial Production Dec | | 0.60% | 0.80% | | | 14:15 | USD | Capacity Utilization Dec | | 71.70% | 71.30% | | | 14:55 | USD | U. of Michigan Confidence Jan P | | 73.7 | 72.5 | | | | Suggested Readings | ECB Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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