| Action Insight Daily Report | Dollar and Yen Pared Gain on Stocks Recovery, UK and US GDP in Focus The Japanese yen pared some gains as US stocks rebounded in late session overnight on comments from St. Louis Fed James Bullard that the U.S. economic recovery is "reasonably good." Yen continued the retreat as Asia stocks recover. Dollar also weakened as the dollar index failed below recent high of 81.34 and as crude oil and gold recovered back to above 78 and 1100 levels. Data released from Japan today saw manufacturing PMI unchanged at 52.5 in February. Headline CPI improved to -1.3% yoy in January. Industrial production rose 2.5% mom in January while retail sales rose 2.6%. At this point, there's no change in yen's near term bullish outlook but dollar might continue to lag behind for a while. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: GBP/USD - Sell at 1.5470 O.C.O. Buy at 1.5110 Although intra-day selloff to 1.5244 (met our indicated downside target at 1.5245 - 61.8% projection of 1.6459 to 1.5535 measuring from 1.5816) signals recent decline remains in progress and further weakness to 1.5200 and possibly 1.5165 (1.236 times projection of 1.6879 to 1.5832 measuring from 1.6459) is likely, loss of downward momentum should prevent sharp fall below 1.5105/10 (approx. 50% projection of 1.6277 to 1.5345 measuring from 1.5575) and bring rebound later. Full Report Here... Trade Idea: USD/JPY - Sell At 90.30 As dollar has rebounded after yesterday's selloff to 88.80, suggesting consolidation above this level would take place and above the Tenkan-Sen (now at 89.56 would bring correction towards minor resistance at 90.33-36 (this is also the current level of the Kijun-Sen at 90.35), however, renewed selling interest should emerge there and bring another decline later. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/GBP Daily Outlook Daily Pivots: (S1) 0.8800; (P) 0.8846; (R1) 0.8920; More. EUR/GBP's strong break of 0.8841 resistance indicates that whole rebound from 0.8601 has resumed and revived the case that fall from 0.9410 is finished. Intraday bias is now on the upside for 0.9027 resistance to confirm this bullish case. On the downside below 0.8835 minor support will turn intraday bias neutral and bring consolidations but another rise would be in favor as long as 0.8749 support holds. However, break of 0.8749 will turn outlook mixed again and turn focus back to 0.8601/8657 support zone. 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 | | 21:45 | NZD | Trade Balance NZD Jan | 269M | -99M | 2M | -32M | | 23:15 | JPY | Nomura/JMMA Manufacturing PMI Feb | 52.5 | -- | 52.5 | | | 23:30 | JPY | National CPI Y/Y Jan | -1.30% | -1.40% | -1.70% | | | 23:30 | JPY | National CPI Ex-Fresh Food Y/Y Jan | -1.30% | -1.30% | -1.30% | | | 23:30 | JPY | Tokyo CPI Ex-Fresh Food Y/Y Feb | -1.80% | -2.00% | -2.00% | | | 23:50 | JPY | Industrial Production M/M Jan P | 2.50% | 1.00% | 1.90% | | | 23:50 | JPY | Industrial Production Y/Y Jan P | 18.20% | 16.50% | 5.10% | | | 23:50 | JPY | Retail Sales Y/Y Jan | 2.60% | -0.10% | -0.30% | -0.20% | | 0:01 | GBP | GfK Consumer Confidence Survey Feb | -14 | -17 | -17 | | | 5:00 | JPY | Housing Starts Y/Y Jan | -8.10% | -11.60% | -15.70% | | | 9:30 | GBP | GDP Q/Q Q4 P | | 0.20% | 0.10% | | | 9:30 | GBP | GDP Y/Y Q4 P | | -3.10% | -3.20% | | | 9:30 | GBP | Index of Services 3M/3M Dec | | 0.30% | 0.10% | | | 10:00 | EUR | Eurozone CPI M/M Jan | | -0.80% | 0.30% | | | 10:00 | EUR | Eurozone CPI Y/Y Jan | | 1.00% | 0.90% | | | 10:00 | EUR | Eurozone Core CPI Y/Y Jan | | 1.00% | 1.10% | | | 10:30 | CHF | KOF Leading Indicator Feb | | 1.8 | 1.77 | | | 13:30 | CAD | Current Account (CAD) Q4 | | -8.7B | -$13.1B | | | 13:30 | USD | GDP (Annualized) Q4 P | | 5.60% | 5.70% | | | 13:30 | USD | GDP Price Index Q4 P | | 0.60% | 0.60% | | | 14:45 | USD | Chicago PMI Feb | | 59 | 61.5 | | | 14:55 | USD | U. of Michigan Confidence Feb F | | 73.9 | 73.7 | | | 15:00 | USD | Existing Home Sales Jan | | 5.50M | 5.45M | | | -- | EUR | German CPI M/M Feb P | | 0.50% | -0.60% | | | -- | EUR | German CPI Y/Y Feb P | | 0.70% | 0.80% | | | | 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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