| Action Insight Daily Report | Yen Surges on Greece Rating Concern European majors drops through recent low against Japanese yen today as concern on Greece's fiscal deficit is back under spotlight. Standard & Poor's said it may cut Greece's rating again by the end of March on doubt of the country's ability to cut down the huge budget deficit due to weakness in the economy as well as political opposition. Moody's Investors Service also said that sovereign debt rating of Greece would be cut within months if "it appears there are significant deviations from the plan" to cut fiscal deficit. While the Japanese yen rallies across the board, helped by broad based weakness in Asian stocks additionally, dollar follows as gold also drops to as low as 1088.5 today. Full Report Here... | | Special Report | Bernanke Reiterated The Low Rate Policy The Fed Chairman Ben Bernanke's testimony was inline with market expectation. While the Chairman acknowledged improvement in economic condition, he noted the job market remains quite weak while inflationary pressure will continue to stay subdued. Concerning monetary policy, Bernanke repeated that 'economic conditions -including low rates of resource utilization, subdued inflation trends, and stable inflation expectations -are likely to warrant exceptionally low levels of the federal funds rate for an extended period'. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: USD/JPY - Sell At 90.30, O.C.O. Buy At 88.80 Although dollar's selloff after meeting renewed selling around 90.33/36 yesterday suggests the decline from 92.16 is still in progress and weakness to 89.00 is likely, as broad outlook is still consolidative, reckon downside would be limited to 88.80 and support at 88.55 should hold, bring a rebound later today. Full Report Here... Trade Idea: EUR/USD - Sell At 1.3635 Although euro has fallen again after yesterday's brief bounce to 1.3627 and retest of 1.3443 cannot be ruled out, break of this support is needed to signal recent decline has once again resumed and extend weakness to 1.3400/05 (approx. 61.8% Fibonacci retracement o 1.2329 to 1.5145). Having said that, loss of downward momentum should prevent sharp decline 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 hold, bring rebound later. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/JPY Daily Outlook Daily Pivots: (S1) 121.54; (P) 122.07; (R1) 122.55; More. EUR/JPY's break of 120.69 low confirms that whole decline from 134.36 has resumed. Intraday bias remains on the downside and further fall should now be seen to 61.8% projection of 134.36 to 120.69 from 125.22 at 116.77 next. On the upside, above 121.56 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited well below 125.22 resistance and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | AUDJPY | 79.34 | 80.53 | -119 | -1.50% | | NZDJPY | 61.54 | 62.46 | -92 | -1.49% | | CHFJPY | 82.27 | 83.37 | -110 | -1.34% | | GBPJPY | 137.05 | 138.86 | -181 | -1.32% | | EURJPY | 120.44 | 122.02 | -158 | -1.31% | Last Updated: Feb 25, 07:00 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Feb 25, 07:00 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 08:15 | CHF | Employment Level Q4 | | 3.95M | 3.963M | | | 08:55 | EUR | German Unemployment Change Feb | | 16K | 6K | | | 08:55 | EUR | German Unemployment Rate Feb | | 8.20% | 8.20% | | | 09:00 | EUR | Eurozone M3 Y/Y Jan | | 0.00% | -0.20% | | | 10:00 | EUR | Eurozone Economic Confidence Feb | | 96.4 | 95.7 | | | 10:00 | EUR | Eurozone Consumer Confidence Feb F | | -17 | -17 | | | 10:00 | EUR | Eurozone Industrial Confidence Feb | | -13 | -14 | | | 10:00 | EUR | Eurozone Services Confidence Feb | | -1 | -1 | | | 11:00 | GBP | U.K. CBI Distributive Trades Feb | | -1 | -8 | | | 13:30 | USD | Durable Goods Orders Jan | | 1.40% | 0.30% | | | 13:30 | USD | Durables Ex Transportation Jan | | 1.10% | 0.90% | | | 13:30 | USD | Initial Jobless Claims | | 465K | 473K | | | 14:00 | USD | Fed Bernanke Testifies | | -- | -- | | | 15:00 | USD | House Price Index M/M Dec | | 0.60% | 0.70% | | | 15:30 | USD | Natural Gas Storage | | -165B | -190B | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors |  The World MoneyShow Hong Kong, April 21-23, 2010 at the Grand Hyatt Hong Kong! You'll meet legendary investment experts Steve Forbes, Mark Mobius, Marc Faber, Alexander Elder, John Bollinger, and many others. You will hear and profit from the experts' in-depth insights into global macroeconomics, equities, futures, forex, asset allocation, and more! Conference details and Registration! 
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