| Action Insight Mid-Day Report | Euro's Heavy Selloff Continues, Canadian Dollar Down after CPI Euro continues trade heavily across on concern of Greece's deficit. IMF Managing Director Strass-Kahn came out and said that it's a serious problem even though he doesn't expect "fragmentation of the Eurozone". Greek Finance Minister Papaconstantinou said speculation the country would leave the eurozone is "absolutely absurd". Papaconstantinou said that Greece had no plans to ask for a loan from IMF and reaffirmed the government's commitment to put its public finances in order. However, Euro has little reaction to Papa Constantinou and extends recent fall against dollar, yen and sterling. Full Report Here... | | Special Report | BOE Minutes: Unanimous Vote as Long-Term Inflation Outlook Remains Subdued The BOE minutes showed that members voted unanimously to keep the policy rate unchanged at 0.5% and the asset purchase program unchanged at 200B pound. While economic activities have been recovering since the previous meeting, there's still risk that the inflation will undershoot the 2% target. Full Report Here... | | Candlesticks & Ichimoku Analysis | EUR/CHF Elliott Wave Analysis Euro remains under pressure after recent selloff below support at 1.5000/06 (now turned into a resistance), suggesting the c leg wave ii correction from 1.5448 is still unfolding and already reached our indicated downside target at 1.4750, although weakness to 1.4650 cannot be ruled out, as this move is treated as retracement of the rise from 1.4577, as long as this support holds, prospect of a strong rebound remains. Full Report Here... USD/CAD Elliott Wave Analysis Despite falling marginally to 1.0225 last week, as the greenback has recovered from there, suggesting consolidation would be seen and gain to 1.0410/20 cannot be ruled out, however, only a daily close above resistance at 1.0579 would signal the fall from 1.0871 has ended, then further gain to 1.0748/50 would follow. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CAD Mid-Day Outlook Daily Pivots: (S1) 1.0258; (P) 1.0302; (R1) 1.0358; More. USD/CAD rises further to as high as 1.0451 in early US session and the strong break of 1.0412 resistance confirms out view that fall from 1.0744 has completed at 1.0233 with bullish convergence condition in 4 hours MACD. Also, whole consolidation pattern from 1.0851 should have completed too. Intraday bias now remains on the upside for 1.0744 resistance first. Break there will confirm this bullish case and target 1.0851 resistance next. On the downside, below 1.0376 minor support will turn intraday bias neutral and bring consolidations. But downside should be contained well above 1.0223 low and bring rally resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 65.63 | 67.00 | -137 | -2.09% | | NZDUSD | 0.7214 | 0.7352 | -138 | -1.91% | | CADJPY | 87.08 | 88.34 | -126 | -1.45% | | CHFJPY | 87.14 | 88.25 | -111 | -1.27% | | USDCAD | 1.0446 | 1.0313 | +133 | +1.27% | Last Updated: Jan 20, 13:35 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 20, 13:35 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 21:45 | NZD | CPI Q/Q Q4 | -0.20% | 0.00% | 1.30% | | | 21:45 | NZD | CPI Y/Y Q4 | 2.00% | 2.10% | 1.70% | | | 23:30 | AUD | Westpac Consumer Confidence Jan | 5.60% | -- | -3.80% | | | 23:50 | JPY | Tertiary Industry Index M/M Nov | -0.20% | -0.20% | 0.50% | 0.40% | | 07:00 | EUR | German PPI M/M Dec | -0.10% | 0.20% | 0.10% | | | 07:00 | EUR | German PPI Y/Y Dec | -5.20% | -5.10% | -5.90% | | | 09:30 | GBP | BoE Policy Meeting Minutes | 0--0--9 | 0--0--9 | 0--0--9 | | | 09:30 | GBP | Claimant Count Change Dec | -15.2K | -4.6K | -6.3K | -10.8K | | 09:30 | GBP | Claimant Count Rate Dec | 5.00% | 5.00% | 5.00% | | | 09:30 | GBP | ILO Unemployment Rate (3M) Nov | 7.80% | 8.00% | 7.90% | | | 12:00 | CAD | CPI M/M Dec | -0.30% | 0.20% | 0.50% | | | 12:00 | CAD | CPI Y/Y Dec | 1.30% | 1.80% | 1.00% | | | 12:00 | CAD | BoC CPI Core M/M Dec | -0.30% | 0.10% | 0.40% | | | 12:00 | CAD | BoC CPI Core Y/Y Dec | 1.50% | 1.90% | 1.50% | | | 13:30 | CAD | Manufacturing Shipments M/M Nov | 0.10% | 1.40% | 2.00% | | | 13:30 | USD | PPI M/M Dec | 0.20% | 0.00% | 1.80% | | | 13:30 | USD | PPI Y/Y Dec | 4.40% | 4.60% | 2.40% | | | 13:30 | USD | PPI Core M/M Dec | 0.00% | 0.10% | 0.50% | | | 13:30 | USD | PPI Core Y/Y Dec | 0.90% | 1.00% | 1.20% | | | 13:30 | USD | Housing Starts Dec | 557K | 574K | 574K | 580K | | 13:30 | USD | Building Permits Dec | 653K | 580K | 584K | 589K | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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