| Action Insight Daily Report | Dollar and Yen Firm as G7 Offered Little to Calm Eurozone Worries Dollar and yen are generally firm as the week starts on soft stocks and commodities. Nikkei closed below 10,000 level at 9983, down -0.73%, extending last week's sharp fall. Crude oil fails to stand above 72 level so far while gold also struggles to stay above 1070 level. On the other hand, dollar index is staying firm above 80 level for the moment. G7 met over the weekend and pledged to maintain stimulus measures. Jean-Claude Juncker, chairman of the group of eurozone finance ministers, though, said that situations of Greece, Portugal and Spain were discussed but they've expressed the issues will be solved "ourselves without the help of the IMF." The comments did no support to the current fragile market sentiments. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: EUR/USD - Sell At 1.3800 As the single currency has remained under pressure, suggesting recent decline is still in progress and weakness towards 1.3576 (61.8% projection of 1.4580 to 1.3851 measuring from 1.4027) is likely, however, oversold condition should prevent sharp fall below 1.3540/50 and reckon 1.3500 would hold from here, bring a rebound later this week. Full Report Here... Trade Idea: USD/JPY - Sell At 90.05 As the greenback has remained confined within narrow range as expected, suggesting further consolidation above last week's low of 88.55 would take place and although recovery to the Kijun-Sen (now at 89.92) cannot be ruled out, renewed selling should emerge below the Ichimoku cloud bottom (now at 90.26) and bring another decline later. Break of said support would extend the decline from 93.78 towards 88.32, however, loss of near term downward momentum would prevent sharp fall below 88.00 and reckon support at 87.36 would hold from here, bring strong rebound later. Full Report Here... | | Featured Technical Report | Market Highlights | GBP/JPY Daily Outlook Daily Pivots: (S1) 138.07; (P) 139.74; (R1) 141.25; More Intraday bias in GBP/JPY remains on the downside for the moment and further decline is expected to be seen towards 61.8% retracement of 118.81 to 163.05 at 135.70 next. On the upside, above 141.41 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 145.26 resistance and bring another fall. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPCAD | 1.6645 | 1.6747 | -102 | -0.61% | | GBPUSD | 1.5547 | 1.5640 | -93 | -0.60% | | GBPJPY | 138.83 | 139.58 | -75 | -0.54% | | NZDUSD | 0.6862 | 0.6894 | -32 | -0.47% | | AUDCAD | 0.9258 | 0.9299 | -41 | -0.44% | Last Updated: Feb 08, 07:05 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Feb 08, 07:05 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | Current Account (JPY) Dec | 1.10T | 1.27T | 1.30T | | | 23:50 | JPY | Japan Money Stock M2+CD Y/Y Jan | 2.90% | 3.00% | 3.10% | | | 5:00 | JPY | Eco Watchers Survey: Current Jan | 38.8 | 35.9 | 35.4 | | | 6:45 | CHF | Unemployment Rate Jan | 4.10% | 4.30% | 4.20% | | | 8:15 | CHF | Retail Sales (Real) Y/Y Dec | | 1.30% | 0.60% | | | 9:30 | EUR | Eurozone Sentix Investor Confidence Feb | | -2.7 | -3.7 | | | 13:15 | CAD | Housing Starts Jan | | 179.0K | 174.5K | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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