| Action Insight Mid-Day Report |
No Detail on Greece Rescue Yet, Euro Lower European Union Leaders have agreed on on deal to save Greece from the debt problem but there is so far no detail about the plan yet. European Commission President Jose Manuel Barroso said in Brussels that EU officials reached an accord. European Council President Herman Von Rompuy said that "Euro-area member states will take determined and coordinated action if needed to safeguard financial stability in the euro area as a whole." Also, he said that Euro aread members will "fully support the efforts of the Greek government and their commitment to do whatever is necessary including adopting additional measures." However, it's so far unclear whether EU leaders will leave the summit today with a detailed package. Euro bulls are clearly dissatisfied for the moment and the common currency drops slightly against dollar and yen today. Full Report Here... |
| Special Report |
2010 Currency Outlook: AUD In 2009, Australian dollar was the best performer among currencies in advanced economy as the country's economy was more resilient and avoided falling in recession during global financial and economic crisis last year. Moreover, the Reserve Bank of Australia was the first central bank in the world that increased interest rates 3 times last year. Full Report Here... |
| Elliott Wave Analysis |
Trade Idea: EUR/JPY - Buy At 122.30 As the single currency retreated after faltering below resistance 124.28 (yesterday's high), suggesting consolidation would be seen and weakness to 123.00 cannot be ruled out, however, minor support at 122.30/36 should attract renewed buying interest and bring another rise. Above said resistance would signal the wave v of the c leg from 134.37 has ended at 120.70 and bring correction of recent decline towards 124.45 (wave iii trough) and then towards 125.00. Full Report Here... Trade Idea: AUD/USD - Exit Short Entered At 0.8845 The rebound from 0.8578 turned out to be stronger than expected and upside risk is seen for gain towards 0.8929 (50% Fibonacci retracement of 0.9280-0.8578), however, only break there would confirm temporary low is formed, then retracement towards 0.9012 (61.8% Fibonacci retracement), however, reckon minor resistance at 0.9048/50 would hold. Full Report Here... |
| Featured Technical Report | Market Highlights |
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.3671; (P) 1.3741; (R1) 1.3807; More. EUR/USD dips sharply today but is still holding above 1.3676 minor support. Outlook remains unchanged. Consolidations from 1.3585 is still in progress and another rise cannot be ruled out. But upside is still expected to be limited by 1.3852/4025 resistance zone and bring fall resumption. Below 1.3676 minor support will flip intraday bias back to the downside for 1.3585 low first. Break will target 61.8% retracement of 1.2329 to 1.5143 at 1.3404 next. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | EURAUD | 1.5435 | 1.5688 | -253 | -1.64% | | AUDUSD | 0.8868 | 0.8754 | +114 | +1.29% | | AUDJPY | 79.65 | 78.69 | +96 | +1.21% | | GBPAUD | 1.7597 | 1.7809 | -212 | -1.20% | | AUDCAD | 0.9383 | 0.9296 | +87 | +0.93% | Last Updated: Feb 11, 13:45 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Feb 11, 13:45 GMT |
| Economic Indicators Update |
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 00:30 | AUD | Employment Change Jan | 52.7K | 15.1K | 35.2K | 37.5K | | 00:30 | AUD | Unemployment Rate Jan | 5.30% | 5.60% | 5.50% | | | 07:00 | EUR | German Wholesale Price Index M/M Jan | 1.30% | 0.10% | 0.20% | | | 08:15 | CHF | CPI M/M Jan | -0.10% | -0.40% | -0.20% | | | 08:15 | CHF | CPI Y/Y Jan | 1.00% | 0.80% | 0.30% | | | 09:00 | EUR | ECB Monthly Bulletin | | -- | -- | | | 13:30 | CAD | New Housing Price Index M/M Dec | 0.40% | 0.30% | 0.40% | | | 13:30 | USD | Initial Jobless Claims | 440K | 456K | 480K | | | | EU Economic Summit | | | | |
| Suggested Readings |
Fundamental Highlights Technical Highlights |
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