| Action Insight Mid-Day Report | Dollar Steady after GDP Revision, Sterling Pressured Dollar remains steady in range in early US session after release of better than expected Q4 GDP data. GDP growth was revised up from 5.7% annualized to 5.9% versus expectation of downward revision to 5.6%. Markets are lacking a clear direction for the moment except apparent weakness in Sterling. Commodities are providing little guidance as crude oil is struggling around 78 level while gold hovers above 1100. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 120.30 The strong rebound from 119.66 suggests a temporary low has possibly been formed there as wave v and consolidation with upside bias would be seen, however, break of resistance at 122.62 is needed to confirm this view and bring stronger rise towards 123.00/10. Full Report Here... Trade Idea: AUD/USD - Buy At 0.8770 Although aussie rebounded after yesterday's fall to 0.8800, a firm breach of 0.8957-68 (previous minor resistance and 61.8% Fibonacci retracement of 0.9072 to 0.8800) is needed to signal the retreat from 0.9072 has ended at 0.8800 as wave ii, then further gain to 0.9000 and then retest of 0.9072 would follow, otherwise, one more corrective fall to 0.8767 (61.8% Fibonacci retracement of wave i from 0.8578 to 0.9072) cannot be ruled out before prospect of another rally. Full Report Here... | | Featured Technical Report | Market Highlights | GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.5161; (P) 1.5291; (R1) 1.5394; More GBP/USD's fall resumes after brief recovery and edges lower to 1.5716 in early US session. Intraday bias remains on the downside and further decline should be seen towards 100% projection at 1.4892, which is close to 61.8% retracement of 1.3053 to 1.7043 at 1.4855. On the upside, above 1.5317 minor resistance will turn intraday bias neutral first. But recovery should be limited by 1.5574 resistance and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPAUD | 1.7072 | 1.7180 | -108 | -0.63% | | GBPCHF | 1.6385 | 1.6486 | -101 | -0.62% | | EURGBP | 0.8930 | 0.8875 | +55 | +0.62% | | GBPCAD | 1.6102 | 1.6191 | -89 | -0.55% | | GBPUSD | 1.5190 | 1.5264 | -74 | -0.49% | Last Updated: Feb 26, 13:45 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Feb 26, 13:45 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% | | 00:01 | GBP | GfK Consumer Confidence Survey Feb | -14 | -17 | -17 | | | 05:00 | JPY | Housing Starts Y/Y Jan | -8.10% | -11.60% | -15.70% | | | 09:30 | GBP | GDP Q/Q Q4 P | 0.30% | 0.20% | 0.10% | | | 09:30 | GBP | GDP Y/Y Q4 P | -3.30% | -3.10% | -3.20% | | | 09:30 | GBP | Index of Services 3M/3M Dec | 0.50% | 0.30% | 0.10% | | | 10:00 | EUR | Eurozone CPI M/M Jan | -0.80% | -0.80% | 0.30% | | | 10:00 | EUR | Eurozone CPI Y/Y Jan | 1.00% | 1.00% | 0.90% | | | 10:00 | EUR | Eurozone Core CPI Y/Y Jan | 0.90% | 1.00% | 1.10% | | | 10:30 | CHF | KOF Leading Indicator Feb | 1.87 | 1.8 | 1.77 | 1.81 | | 13:30 | CAD | Current Account (CAD) Q4 | -9.8B | -8.7B | -13.1B | | | 13:30 | USD | GDP (Annualized) Q4 P | 5.90% | 5.60% | 5.70% | | | 13:30 | USD | GDP Price Index Q4 P | 0.40% | 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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