| Action Insight Daily Report |
Dollar Surged on Fed's Unexpected Discount Rate Hike Dollar soared overnight after Fed unexpectedly raised discount rate for the first time in more than three years after market close, signaling that Fed is starting to realize the exit plan. Dollar broke through 81 level to as high as 81.29 as greenback resumed recent rally against European majors. USD/JPY also surged and breached 92 level, helped by sharp jump in treasury yields. Meanwhile, yen is receiving some support from risk aversion as Asian stocks are broadly down in wake of the news. Full Report Here... |
| Special Report |
2010 Currency Outlook: NZD New Zealand dollar surged in tandem with Australian dollar and commodity prices in 2009. Trade-weighted NZD gained +16% last year after falling sharply, by +20%, in 2008. Compared with AUD, strength in NZD was less prominent. In fact, AUD has outperformed NZD over the past 4 years, reflecting weakness in New Zealand's underlying fundamentals. Full Report Here... |
| Candlesticks & Ichimoku Analysis |
Trade Idea: EUR/USD - Sell At 1.3650, O.C.O. Buy At 1.3400 Although the single currency resumed recent decline after meeting renewed selling interest right at the convergence of Tenkan-Sen and Kijun-Sen and further weakness to 1.3400/05 (approx. 61.8% Fibonacci retracement o 1.2329 to 1.5145) would be seen, loss of near term downward momentum should prevent sharp fall below there and reckon 1.3343-48 (50% projection of 1.4580-1.3585 measuring from 1.3840 and 1.4415 to 1.3532 measuring from 1.3789) would contain weakness and bring a rebound later today. However, a firm breach of 1.3700/10 is needed to suggest a temporary low is possibly formed and bring retracement to 1.3779-89 (current level of the Ichimoku cloud top and previous resistance). Full Report Here... Trade Idea: USD/JPY- Buy At 91.00 The greenback rallied again after finding renewed buying interest at 90.56 yesterday on dollar's broad-based strength and the breach of resistance at 91.88 confirms the fall from 93.78 has ended at 88.55 and further gain towards 92.50/60 would be seen, however, overbought condition should limit upside to 93.00 and risk has increased for a retreat later. Full Report Here... |
| Featured Technical Report | Market Highlights |
GBP/USD Daily Outlook Daily Pivots: (S1) 1.5450; (P) 1.5569; (R1) 1.5643; More GBP/USD's fall resumed by taking out 1.5534 and reached as low as 1.5381 so far, taking out mentioned target of 100% projection of 1.6875 to 1.5829 from 1.6456 at 1.5410. Intraday bias remains on the downside and further decline should be seen to next target of 61.8% projection of 1.6456 to 1.5534 from 1.5814 at 1.5244 next. Break will target next key level at 61.8% retracement of 1.3503 to 1.7043 at 1.4855. On the upside, above 1.5494 minor resistance will turn intraday bias neutral and bring consolidation. But recovery should be limited below 1.5814 resistance and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPUSD | 1.5401 | 1.5525 | -124 | -0.81% | | GBPJPY | 141.50 | 142.53 | -103 | -0.73% | | NZDUSD | 0.6937 | 0.6981 | -44 | -0.63% | | NZDJPY | 63.73 | 64.08 | -35 | -0.55% | | AUDUSD | 0.8891 | 0.8939 | -48 | -0.54% | Last Updated: Feb 19, 06:45 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Feb 19, 06:45 GMT |
| Economic Indicators Update |
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 4:30 | JPY | All Industry Activity Index M/M Dec | -0.30% | 0.30% | 0.10% | 0.20% | | 5:00 | JPY | BoJ Monthly Report | | -- | -- | | | 7:00 | EUR | German PPI M/M Jan | | 0.30% | -0.10% | | | 7:00 | EUR | German PPI Y/Y Jan | | -4.00% | -5.20% | | | 8:30 | EUR | German PMI Manufacturing Feb A | | 53.8 | 53.7 | | | 8:30 | EUR | German PMI Services Feb A | | 52.4 | 52.2 | | | 9:00 | EUR | Eurozone PMI Manufacturing Feb A | | 52.6 | 52.4 | | | 9:00 | EUR | Eurozone PMI Services Feb A | | 52.5 | 52.5 | | | 9:00 | EUR | Eurozone Current Account (EUR) Dec | | -0.6B | 0.1B | | | 9:30 | GBP | Retail Sales M/M Jan | | -0.50% | 0.30% | | | 9:30 | GBP | Retail Sales Y/Y Jan | | 1.10% | 2.10% | | | 13:30 | CAD | Leading Indicators M/M Jan | | 1.10% | 1.50% | | | 13:30 | CAD | Retail Sales M/M Dec | | 0.60% | -0.30% | | | 13:30 | CAD | Retail Sales Less Autos M/M Dec | | 0.40% | 0.00% | | | 13:30 | USD | CPI M/M Jan | | 0.30% | 0.10% | | | 13:30 | USD | CPI Y/Y Jan | | 2.80% | 2.70% | | | 13:30 | USD | CPI Core M/M Jan | | 0.20% | 0.10% | | | 13:30 | USD | CPI Core Y/Y Jan | | 1.80% | 1.80% | | |
| Suggested Readings |
Fundamental Highlights Technical Highlights |
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