| Action Insight Mid-Day Report | Dollar Retreats after Tamer CPI, Sterling Lower on Retail Sales Dollar pares some of yesterday's sharp gain after CPI report showed tamer than expected inflation outlook in US. Headline CPI rose 0.2% mom, 2.6% yoy versus expectation of 0.3% mom, 2.7% yoy. Core PI indeed dropped -0.1% mom with yoy rate moderated from 1.8% to 1.6%. Also released in US session, Canadian retail sales rose 0.4% with ex-auto sales up 0.4% in December. Leading indicators rose less than expected by 0.9% mom in January. Dollar will probably consolidate Fed's discount rate hike inspired rally and we might see more sideway trading as the week close. 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... | | Elliott Wave Analysis | Trade Idea: AUD/USD - Sell At 0.9000 As the Australian dollar retreated again after faltering below this week's high of 0.9037, suggesting consolidation with mild downside bias would be seen for weakness towards 0.8805/10 (approx. 50% Fibonacci retracement of 0.8578 to 0.9037), however, a firm break below there is needed to retain our bearish view that wave iv has possibly ended at 0.9037 and extend weakness to 0.8753 (61.8% Fibonacci retracement). Full Report Here... Trade Idea: EUR/JPY - Stand Aside Despite yesterday's brief fall to 122.76, the subsequent strong rebound suggests further choppy consolidation would take place, however, only above yesterday's high at 124.46/50 would revive our bullishness and signal the rise from 120.70 has resumed for test of resistance at 124.85, once this level is penetrated, this would confirm the wave v of larger degree c leg has ended at 120.70, hence further gain towards 125.50 and later towards resistance at 126.98 would follow. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.3472; (P) 1.3563; (R1) 1.3616; More. Intraday bias in EUR/USD remains on the downside for the moment and further fall should be seen to 61.8% retracement of 1.2329 to 1.5143 at 1.3404. Break will set the stage for deeper fall towards 161.8% projection of 1.5143 to 1.4217 from 1.4578 at 1.3076 next. on the upside, above 1.3653 resistance will turn intraday bias neutral. But break of 1.3788 resistance is needed to indicate that EUR/USD has bottomed. Otherwise, outlook will remain bearish. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPJPY | 141.24 | 142.53 | -129 | -0.91% | | GBPCHF | 1.6688 | 1.6824 | -136 | -0.81% | | GBPUSD | 1.5401 | 1.5525 | -124 | -0.81% | | EURGBP | 0.8780 | 0.8710 | +70 | +0.80% | | NZDJPY | 63.65 | 64.08 | -43 | -0.68% | Last Updated: Feb 19, 13:55 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Feb 19, 13:55 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 04:30 | JPY | All Industry Activity Index M/M Dec | -0.30% | 0.30% | 0.10% | 0.20% | | 05:00 | JPY | BoJ Monthly Report | | -- | -- | | | 07:00 | EUR | German PPI M/M Jan | 0.80% | 0.30% | -0.10% | | | 07:00 | EUR | German PPI Y/Y Jan | -3.40% | -4.00% | -5.20% | | | 08:30 | EUR | German PMI Manufacturing Feb A | 57.1 | 52.5 | 53.4 | 53.7 | | 08:30 | EUR | German PMI Services Feb A | 51.7 | 52.4 | 51.2 | 52.2 | | 09:00 | EUR | Eurozone PMI Manufacturing Feb A | 54.1 | 52.7 | 52.4 | | | 09:00 | EUR | Eurozone PMI Services Feb A | 52 | 52.5 | 52.5 | | | 09:00 | EUR | Eurozone Current Account (EUR) Dec | 1.9B | -0.6B | 0.1B | -0.5B | | 09:30 | GBP | Retail Sales M/M Jan | -1.20% | -0.50% | 0.30% | 0.50% | | 09:30 | GBP | Retail Sales Y/Y Jan | 2.60% | 1.10% | 2.10% | 2.90% | | 13:30 | CAD | Leading Indicators M/M Jan | 0.90% | 1.10% | 1.50% | | | 13:30 | CAD | Retail Sales M/M Dec | 0.40% | 0.60% | -0.30% | -0.50% | | 13:30 | CAD | Retail Sales Less Autos M/M Dec | 0.40% | 0.40% | 0.00% | -0.20% | | 13:30 | USD | CPI M/M Jan | 0.20% | 0.30% | 0.10% | | | 13:30 | USD | CPI Y/Y Jan | 2.60% | 2.80% | 2.70% | | | 13:30 | USD | CPI Core M/M Jan | -0.10% | 0.20% | 0.10% | | | 13:30 | USD | CPI Core Y/Y Jan | 1.60% | 1.80% | 1.80% | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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