| Action Insight Daily Report | Aussie Soars on Strong China Data Australian dollar rode on strong trade data from China and surged across the board in Asia today. Chinese exports rose an impressive 45.7% in February, well past expectations, after another strong jump of 86% in January. Imports rose 44.7% and trade surplus narrowed to $7.61b. The sustained strength in China's trade is a source of support for global economy. As the top buying of Australia's exports and strong demand of commodities, it was particularly important in keeping Australia away from recession during the economic crisis. Full Report Here... | | Special Report | RBNZ to Hold Monetary Policy Unchanged. Focus on the Quarterly MPS The RBNZ will likely leave the OCR at 2.5%, for the 11th month, at the March meeting. Therefore, the market will focus on the Monetary Policy Statement as well as how the central bank describe economic outlook. On the whole, we expect the RBNZ will deliver a neutral tone, if not slightly more dovish than January's, on the outlook as economic data released in recent weeks were rather mixed. The post- meeting statement should retain the reference that 'we would expect to begin removing policy stimulus around the middle of 2010'. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/USD - Buy At 1.3510 Although the single currency recovered after falling to 1.3537 yesterday, above 1.3640/45 (61.8% Fibonacci retracement of 1.3705 to 1.3537) is needed to signal the retreat from 1.3705 is over and bring stronger rebound towards 1.3705, once this resistance is penetrated, this would bring test of resistance at 1.3736 but it is necessary to see a breach of this level to confirm the rise from 1.3433 low has resumed and bring stronger retracement of recent decline to 1.3789 and later towards resistance at 1.3840/51. Full Report Here... Trade Idea: GBP/USD - Sell at 1.5065 As cable has remained under pressure after falling from 1.5197, we are keeping our view that correction from 1.4781 low has possibly ended at 1.5197 and bearishness remains for further weakness to 1.4900 and then towards 1.4855 support, however, break of latter level is needed to confirm recent decline has resumed and bring retest of 1.4781 later this week. Full Report Here... | | Featured Technical Report | Market Highlights | AUD/USD Daily Outlook Daily Pivots: (S1) 0.9080; (P) 0.9114; (R1) 0.9172; More AUD/USD's rally resumes after brief consolidation and reaches as high as 0.9161 so far today. Intraday bias is on the upside for the moment and further rise should be seen towards 100% projection of 0.8577 to 0.9070 from 0.8802 at 0.9295 next. On the downside below 0.9053 minor support will turn intraday bias neutral again and bring consolidations. Nevertheless, break of 0.8802 support is needed to indicate that rise from 0.8577 is finished. Otherwise, another rally is still in favor in case of pullback. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPAUD | 1.6338 | 1.6405 | -67 | -0.41% | | NZDJPY | 63.48 | 63.22 | +26 | +0.41% | | GBPUSD | 1.4941 | 1.4995 | -54 | -0.36% | | NZDUSD | 0.7045 | 0.7027 | +18 | +0.26% | | AUDCAD | 0.9401 | 0.9377 | +24 | +0.26% | Last Updated: Mar 10, 07:15 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 10, 07:15 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:30 | AUD | Westpac Consumer Confidence Mar | 0.20% | -- | -2.60% | | | 23:50 | JPY | Domestic CGPI Y/Y Feb | -1.50% | -1.40% | -2.10% | | | 23:50 | JPY | Machine Orders M/M Jan | -3.70% | -3.80% | 20.10% | | | 23:50 | JPY | Machine Orders Y/Y Jan | -1.10% | -0.60% | -1.50% | | | 7:00 | EUR | German Trade Balance (EUR) Jan | | 14.5B | 13.5B | | | 7:00 | EUR | German CPI M/M Feb F | | 0.20% | 0.20% | | | 7:00 | EUR | German CPI Y/Y Feb F | | 0.40% | 0.40% | | | 9:30 | GBP | Industrial Production M/M Jan | | 0.30% | 0.50% | | | 9:30 | GBP | Industrial Production Y/Y Jan | | -0.80% | -3.60% | | | 9:30 | GBP | Manufacturing Production M/M Jan | | 0.20% | 0.90% | | | 9:30 | GBP | Manufacturing Production Y/Y Jan | | 1.40% | -1.90% | | | 15:00 | USD | Wholesale Inventories Jan | | 0.20% | -0.80% | | | 15:30 | USD | Crude Oil Inventories | | 2.1M | 4.1M | | | 19:00 | USD | Monthly Budget Statement Feb | | -$202.0B | -$42.6B | | | 20:00 | NZD | RBNZ Interest Rate Decision | | 2.50% | 2.50% | | | -- | GBP | NIESR GDP Estimate Feb | | -- | 0.40% | | | | 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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