| Action Insight Mid-Day Report | Dollar Pressured as Solid Manufacturing Data Boosts Risk Appetite Dollar is pressured throughout the data as investors' risk appetite got a boost as the new year starts, on solid manufacturing data. Commodity currencies are the biggest winners as China PMI manufacturing rose to 56.1, highest level since April 2004. Strong growth in the manufacturing sector in China will boost demand for commodities. Crude oil rides on the optimism and breaches 80 level today while gold also rises to as high as 1124.6 so far. Data released from US saw ISM manufacturing index rose more than expected to 55.9 in December. Full Report Here... | | Elliott Wave Analysis | Trade Idea: AUD/USD - Buy At 0.9000 As the Australian dollar has risen again after brief pullback, suggesting the rise from 0.8735 low remains in progress and further gain to 0.9150 (61.8% Fibonacci retracement of 0.9407 to 0.8735) is likely, however, only break of resistance at 0.9197/00 would signal the correction from 0.9407 has ended and headway towards 0.9290/00 would follow. Full Report Here... Trade Idea: EUR/JPY - Buy At 132.50 Despite intra-day brief retreat to 132.40, as the single currency has risen again on renewed risk appetite, suggesting the rise from 127.32 is still in progress and may extend further gain to resistance at 134.54, however, break there is needed to retain bullishness and signal the wave iii from 126.95 is under way. Full Report Here... | | Featured Technical Report | Market Highlights | GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.6064; (P) 1.6149; (R1) 1.6250; More GBP/USD continues to stay in range of 1.6046/6232 today. In spite of the strong rebound, GBP/USD is still struggling to take out 38.2% retracement of 1.6875 to 1.5829 at 1.6229 decisively. Intraday bias remains neutral for the moment. On the upside, break of 1.6232 will suggest that whole rise from 1.5829 has resumed and should target 61.8% retracement at 1.6475. On the downside, below 1.6046 minor support will flip intraday bias back to the downside. But after all, more consolidations should still be seen as long as 1.5892 support holds and risk of another rise remains. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | USDCAD | 1.0388 | 1.0529 | -141 | -1.36% | | GBPAUD | 1.7803 | 1.8030 | -227 | -1.28% | | GBPCAD | 1.6810 | 1.7020 | -210 | -1.25% | | AUDUSD | 0.9086 | 0.8973 | +113 | +1.24% | | CADJPY | 89.14 | 88.27 | +87 | +0.98% | Last Updated: Jan 04, 15:05 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 04, 15:05 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 8:30 | CHF | SVME-PMI Dec | 54.6 | 57.1 | 56.9 | | | 8:55 | EUR | German PMI Manufacturing Dec F | 52.7 | 53.1 | 53.1 | | | 9:00 | EUR | Eurozone PMI Manufacturing Dec F | 51.6 | 51.6 | 51.2 | | | 9:30 | EUR | Eurozone Sentix Investor Confidence Dec | -3.7 | -3.4 | -5.5 | | | 9:30 | GBP | PMI Manufacturing Dec | 54.1 | 52.1 | 51.8 | | | 9:30 | GBP | Mortgage Approvals Nov | 60.5K | 58.0K | 57.3K | 57.7K | | 15:00 | USD | ISM Manufacturing Dec | 55.9 | 54 | 53.6 | | | 15:00 | USD | ISM Prices Paid Dec | 61.5 | 60 | 55 | | | 15:00 | USD | Construction Spending M/M Nov | -0.60% | -0.50% | 0.00% | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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