| Action Insight Daily Report | Dollar and Yen Broadly Lower after Dovish FOMC, BoJ QE Expansion Dollar and yen are broadly lower as risk appetite is further boosted by a dovish FOMC statement as well as expansion of quantitative easing from Bank of Japan. S&P 500 made fresh 52 week high at 1160.28 before closing up nearly 9 pts at 1159.46. Japan Nikkei 225 also rose 1.17% to close at 10846.98. Crude oil staged strong rebound overnight and is now back trading above 82 level while gold also recovered back to above 1126.9. Dollar index dipped further to as low as 79.62 and the greenback is soft against most major currencies. Full Report Here... | | Special Reports | FOMC Retained The 'Extended Period' Language. Hoeing The Only Dissenter As we and the market anticipated, the FOMC left its policy rate unchanged at 0-0.25% and retained the pledge to keep interest rates at current low level for an 'extended period'. Economic assessment changed little from January despite modest improvement from the job market. We believe employment situation remains the core factor for the Fed to consider taking away the 'extended period' language. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: EUR/USD - Buy At 1.3680 Despite early retreat to 1.3639, as the single currency staged a strong rebound from there partly due to risk appetite, suggesting the rise from 1.3433 low is still in progress and break of resistance at 1.3796 would bring stronger retracement of recent decline to resistance at 1.3840/51 and possibly towards 1.3905 (100% projection of 1.3530 to 1.3796 measuring from 1.3639 as well as 1.236 times projection of 1.3433 to 1.3736 measuring from 1.3530) which is likely to hold from here due to near term overbought condition. Full Report Here... Trade Idea: USD/JPY - Buy At 90.20 As the greenback has rebounded after finding renewed buying interest above yesterday's low at 89.97, suggesting the pullback from 91.09 has ended there and consolidation with upside bias is seen, break of said support would signal the rise from 88.14 has resumed and extend gain towards 91.79 (61.8% projection of 88.14-91.09 measuring from 89.97), however, reckon resistance at 92.16 would hold from here and risk from there is seen for a retreat later. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CAD Daily Outlook Daily Pivots: (S1) 1.0114; (P) 1.0158; (R1) 1.0183; More. USD/CAD's fall resumed after brief consolidations and reach as low as 1.0130 so ar today. Intraday bias remains on the downside for the moment and current decline is expected to continue towards 161.8% projection of 1.0779 to 1.0369 from 1.0679 at 1.0016 next, which is close to parity. On the upside, above 1.0231 minor resistance will turn intraday bias neutral and bring recovery. But after all, short term outlook will remain bearish as long as 1.0369 support turned resistance holds. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 64.52 | 64.09 | +43 | +0.67% | | EURJPY | 124.94 | 124.30 | +64 | +0.51% | | CHFJPY | 85.99 | 85.60 | +39 | +0.45% | | AUDJPY | 83.27 | 82.93 | +34 | +0.41% | | CADJPY | 89.39 | 89.04 | +35 | +0.39% | Last Updated: Mar 17, 07:05 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 17, 07:05 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:30 | AUD | Westpac Leading Index M/M Jan | 0.20% | -- | 0.50% | 0.60% | | 23:50 | JPY | Tertiary Industry Index M/M Jan | 2.90% | 1.30% | -0.90% | | | 3:49 | JPY | BoJ Interest Rate Decision | 0.10% | 0.10% | 0.10% | | | 9:30 | GBP | BoE Meeting Minutes | | 0--0--9 | 0--0--9 | | | 9:30 | GBP | Claimant Count Change Feb | | 6.0K | 23.5K | | | 9:30 | GBP | Claimant Count Rate Feb | | 5.00% | 5.00% | | | 9:30 | GBP | ILO Unemployment Rate (3M) Jan | | 7.90% | 7.80% | | | 12:30 | CAD | Wholesale Sales M/M Jan | | 0.60% | 0.70% | | | 12:30 | USD | PPI M/M Feb | | -0.20% | 1.40% | | | 12:30 | USD | PPI Y/Y Feb | | 5.10% | 4.60% | | | 12:30 | USD | PPI Core M/M Feb | | 0.10% | 0.30% | | | 12:30 | USD | PPI Core Y/Y Feb | | 1.00% | 1.00% | | | 14:30 | USD | Crude Oil Inventories | | 0.6M | 1.4M | | | | Suggested Readings | FOMC 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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