| Action Insight Daily Report | Dollar Firm on Discount Rate Speculations Dollar is steady in Asia after yesterday's extended rebound on speculation of another discount rate hike from Fed before next meeting on April 28. Meanwhile, Euro is consolidating some of the sharp losses on uncertainty over Greece as well as the selloff against Swiss Franc. The Franc was bid sharply high overnight after comments from SNB Danthine that the bank cannot prevent Franc's appreciation indefinitely. There are some fresh sellings on sterling in early European session as its recovery lost momentum. Commodities are staying in tight range as crude oil continues to struggle to take out near term resistance of 83.16 while gold also consolidates this week's gain at around 1120 level. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: USD/CHF - Sell At 1.0670 Although dollar retreated after yesterday's brief bounce to 1.0648, break of recent low at 1.0507 is needed to signal the decline from 1.0899 has resumed and bring a stronger retracement of early upmove to 1.0424 (61.8% Fibonacci retracement of 1.0130 to 1.0899) but loss of near term downward momentum would prevent sharp fall below there and reckon 1.0405 (50% Fibonacci retracement of entire rise from 0.9910 to 1.0899) would hold. Full Report Here... Trade Idea: EUR/USD - Sell At 1.3700 The single currency dropped below the Ichimoku cloud bottom yesterday and although price has recovered from 1.3586 (yesterday's low), upside should be limited to the Tenkan-Sen (now at 1.3665 and renewed selling interest should emerge around the Kijun-Sen (now at 1.3702) and bring another decline later, break of said support would extend weakness towards near term strong support at 1.3530-37. Having said that, a firm breach below there is needed to confirm entire correction from 1.3433 has ended at 1.3819 earlier, then weakness to 1.3500 and eventually retest of 1.3433 would follow. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/CHF Daily Outlook Daily Pivots: (S1) 1.4339; (P) 1.4411; (R1) 1.4469; More EUR/CHF's fall accelerated to as low as 1.4354 yesterday before recovering. At this point, intraday bias remains on the downside and further fall should be seen to mentioned target of 1.4315 key support next. On the upside, above 1.4406 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 1.4557 support turned resistance and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
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(%) | | GBPCHF | 1.6034 | 1.6128 | -94 | -0.59% | | GBPAUD | 1.6486 | 1.6557 | -71 | -0.43% | | EURGBP | 0.8962 | 0.8924 | +38 | +0.42% | | EURCAD | 1.3851 | 1.3797 | +54 | +0.39% | | AUDCAD | 0.9370 | 0.9334 | +36 | +0.38% | Last Updated: Mar 19, 07:55 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 19, 07:55 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 4:30 | JPY | All Industry Activity Index M/M Jan | 3.80% | 1.60% | -0.30% | | | 7:00 | EUR | German PPI M/M Feb | 0.00% | 0.10% | 0.80% | | | 7:00 | EUR | German PPI Y/Y Feb | -2.90% | -2.80% | -3.40% | | | 11:00 | CAD | CPI M/M Feb | | 0.30% | 0.30% | | | 11:00 | CAD | CPI Y/Y Feb | | 1.40% | 1.90% | | | 11:00 | CAD | BoCCPI Core M/M Feb | | 0.30% | 0.10% | | | 11:00 | CAD | BoCCPI Core Y/Y Feb | | 1.60% | 2.00% | | | 12:30 | CAD | Retail Sales M/M Jan | | 0.50% | 0.40% | | | 12:30 | CAD | Retail Sales Less Autos M/M Jan | | 0.60% | 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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