| Action Insight Daily Report | Aussie Steady Despite RBA Hike and Strong Retail Sales Australian dollar shrugs off RBA interest rate hike and a better than expected retail sales report and remains in range. RBA restarts the tightening cycle today by raising key interest rate by 25bps to 4.00%. In the accompanying statement, Governor Stevens said that today's decision is a "further step" in the process of bringing interest rate "closer to average". The bank expects growth to be "close to trend" and inflation "close to target" over the coming year. Retail sales released today show stronger than expected growth by 1.2% mom in January. In spite of the strong recovery from 0.8802, AUD/USD is still limited below last week's high of 0.9070 and today's releases did nothing to trigger buying through this resistance yet. The fate of AUD/USD would likely depend on whether dollar index would break out from which side of the 80.09/81.34 range. Full Report Here... | | Special Reports | RBA Raised Cash Rate to 4%, Resuming the Tightening Cycle After pausing in February, the RBA resumed its tightening cycle in March by announcing to raise its cash rate by +25 bps to 4%. In the accompanying statement, the central bank stated that interest rates to most borrowers 'remain lower than average' and 'growth is likely to be close to trend and inflation close to target over the coming year, it is appropriate for interest rates to be closer to average'. Full Report Here... Unchanged Monetary Policy Stance Expected at BoC's Meeting Both market expectations and economic development evolved recently point to an unchanged monetary policy stance at BoC's March meeting. The central bank will most likely announce to keep its policy rate at 0.25% and keep the statement that 'conditional on the outlook for inflation, the target overnight rate can be expected to remain at its current level until the end of the second quarter of 2010 in order to achieve the inflation target'. Currently, the market anticipates the first rate hike will be in 3Q10 the earliest. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: USD/JPY - Sell At 90.00 Despite falling to 1.3460 yesterday, as euro has recovered after holding above indicated support area at 1.3443-1.3451, suggesting further consolidation within 1.3443-1.3693 would take place and recovery to the Kijun-Sen (now at 1.3567) cannot be ruled out, however, upside should be limited to the Ichimoku cloud top (now at 1.3616) and indicated upper range should remain intact, bring another decline later. Full Report Here... Trade Idea: USD/JPY - Sell At 90.00 As dollar has remained confined within narrow range after falling to 88.70 yesterday, suggesting further consolidation would take place and break of the Kijun-Sen (now at 89.55) would bring retracement to 90.02 (38.2% Fibonacci retracement of 92.16 to 88.70), however, renewed selling interest should emerge there and bring another decline later. Below said support would extend weakness to support at 88.55, break there would bring further fall to 88.24 (61.8% Fibonacci retracement of 84.82 to 93.78) but as broad outlook is still consolidative, reckon 87.50/60 would hold. Full Report Here... | | Featured Technical Report | Market Highlights | AUD/USD Daily Outlook Daily Pivots: (S1) 0.8957; (P) 0.8985; (R1) 0.9037; More AUD/USD's recovery from 0.8802 extended further to 0.9028 so far but is still limited below 0.9070 resistance. Intraday bias remains neutral for the moment with focus on 0.9070. Break there will confirm that rise from 0.8577 has resumed and will turn outlook bullish for a retest on 0.9327/9404 resistance zone. On the downside, however, break of 0.8802 support will revive the case that rebound from 0.8577 is completed after hitting 61.8% retracement of 0.9327 to 0.8577 at 0.9041 and should bring fall to 0.8577 and below. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPUSD | 1.4896 | 1.4988 | -92 | -0.62% | | NZDUSD | 0.6956 | 0.6995 | -39 | -0.56% | | GBPJPY | 133.01 | 133.56 | -55 | -0.41% | | GBPCAD | 1.5543 | 1.5606 | -63 | -0.41% | | NZDJPY | 62.11 | 62.34 | -23 | -0.37% | Last Updated: Mar 02, 06:55 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 02, 06:55 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:30 | JPY | Unemployment Rate Jan | 4.90% | 5.10% | 5.10% | 5.20% | | 23:30 | JPY | Household Spending Y/Y Jan | 1.70% | 2.60% | 2.10% | | | 23:50 | JPY | Monetary Base Y/Y Feb | 2.20% | 4.80% | 4.90% | | | 0:30 | AUD | Retail Sales M/M Jan | 1.20% | 0.80% | -0.70% | -0.90% | | 3:30 | AUD | RBA Interest Rate Decision | 4.00% | 4.00% | 3.75% | | | 6:45 | CHF | GDP Q/Q Q4 | | 0.40% | 0.10% | | | 6:45 | CHF | GDP Y/Y Q4 | | -0.50% | -1.30% | | | 9:30 | GBP | PMI Construction Feb | | 48.7 | 48.6 | | | 10:00 | EUR | Eurozone CPI Estimate Y/Y Feb | | 0.90% | 1.00% | | | 10:00 | EUR | Eurozone PPI M/M Jan | | 0.60% | 0.10% | | | 10:00 | EUR | Eurozone PPI Y/Y Jan | | -1.10% | -2.90% | | | 14:00 | CAD | BoC Interest Rate Decision | | 0.25% | 0.25% | | | | 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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