| Action Insight Mid-Day Report | Yen Extends Rally as Jobless Claims Disappoint Yen continues to rise on the current wave of risk aversion and extends recent rally in early US session. While Greece's sovereign rating remains the center of focus, worse than expected jobless claim report from US triggers another wave of selling in yen crosses in early US session. Mixed durable goods orders do little help to lift market sentiments. Crude oil dips below 79 level again while gold is pressing 1090 level. US stocks are also set to open lower. 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... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Sell At 121.65 Euro's breach of 120.70 support signals only wave iii has ended there, followed by wave iv at 125.24 and wave v is still in progress for further weakness to 120.00, however, near term oversold condition would limit downside to 119.00 and reckon 118.40 (50% projection of wave i-iii measuring from wave iv) would hold, bring rebound later. Full Report Here... Trade Idea: AUD/USD - Sell At 0.8980 As aussie has recovered after holding above yesterdays low at 0.8857, suggesting further consolidation would take place and although rebound to 0.8952/547 cannot be ruled out, reckon renewed selling interest would emerge below 0.8990 (61.8% Fibonacci retracement of 0.9072 to 0.8857) and bring another decline in c leg of wave ii later today or tomorrow. Below said support would bring stronger retracement of the wave i rise from 0.8578) to 0.8825 (50% Fibonacci retracement of 0.8578 to 0.9072) and then 0.8800, however, reckon 0.8767 (61.8% Fibonacci retracement) would limit downside. Full Report Here... | | Featured Technical Report | Market Highlights | GBP/JPY Mid-Day Outlook Daily Pivots: (S1) 138.27; (P) 138.92; (R1) 139.50; More GBP/JPY drops further as expected and reaches as low as 135.82 so far, just inch above mentioned target of 61.8% retracement of 118.81 to 163.05 at 135.70 next. At this point, intraday bias remains on the downside and break of 135.70 fibonacci level will target 100% projection of 150.68 to 138.23 from 143.59 at 131.14 next. On the upside, above 137.67 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited well below 143.59 resistance and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | CADJPY | 83.78 | 85.53 | -175 | -2.09% | | AUDJPY | 78.89 | 80.53 | -164 | -2.08% | | GBPJPY | 136.06 | 138.86 | -280 | -2.06% | | NZDJPY | 61.33 | 62.46 | -113 | -1.84% | | EURJPY | 120.22 | 122.02 | -180 | -1.50% | Last Updated: Feb 25, 13:50 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Feb 25, 13:50 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 08:15 | CHF | Employment Level Q4 | 3.96M | 3.95M | 3.963M | | | 08:55 | EUR | German Unemployment Change Feb | 7K | 18K | 6K | 5K | | 08:55 | EUR | German Unemployment Rate Feb | 8.20% | 8.20% | 8.20% | 8.10% | | 09:00 | EUR | Eurozone M3 Y/Y Jan | 0.10% | 0.00% | -0.20% | -0.30% | | 10:00 | EUR | Eurozone Economic Confidence Feb | 95.9 | 96.4 | 95.7 | 96 | | 10:00 | EUR | Eurozone Consumer Confidence Feb F | -17 | -17 | -17 | | | 10:00 | EUR | Eurozone Industrial Confidence Feb | -13 | -13 | -14 | | | 10:00 | EUR | Eurozone Services Confidence Feb | 1 | -1 | -1 | | | 12:45 | GBP | U.K. CBI Distributive Trades Feb | 23 | -1 | -8 | | | 13:30 | USD | Durable Goods Orders Jan | 3.00% | 1.40% | 0.30% | | | 13:30 | USD | Durables Ex Transportation Jan | -0.60% | 1.10% | 0.90% | | | 13:30 | USD | Initial Jobless Claims | 496K | 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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