| Action Insight Mid-Day Report | Canadian Dollar Extends Rally after Upbeat BoC Statement Canadian dollar is the strongest currency today and extends its strength after an upbeat statement from BoC. Bank of Canada left rates unchanged at 0.25% as widely expected and reiterated the conditional commitment to be on hold until end of Q2. NEvertheless, the bank did acknowledged that "level of economic activity in Canada has been slightly higher than the Bank had projected" in the latest MPR. Also core inflation "has been slightly firmer than projected" too. USD/CAD dived through 1.0369 support earlier today and is set to take on 1.0205/0223 support zone. 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... | | Candlesticks & Ichimoku Analysis | Trade Idea: EUR/JPY - Buy At 119.10 Although the stronger-than-expected retreat from 121.90 signals the wave v is still in progress and break of 119.66 would extend one more fall to 119.10 (approx. 50% projection of 125.24-119.66 measuring from 121.90) but 118.45 (61.8% projection) should hold, bring rebound later. Full Report Here... Trade Idea: AUD/USD - Buy At 0.8920 Aussie's rally from 0.8800 signals the retreat from 0.9072 has ended there as wave ii and further gain to said resistance would be seen, above there would add credence to this view and signal the wave iii is under way for gain towards 0.9175 (previous support turned resistance) later. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CAD Mid-Day Outlook Daily Pivots: (S1) 1.0357; (P) 1.0465; (R1) 1.0521; More. USD/CAD's fall from 1.0679 extends further to as low as 1.0308 in early US session. The break of 1.0369 support confirms that whole decline from 1.0779 has resumed. Further decline should now be seen towards 1.0205/0223 support zone. Nevertheless, as the current decline is treated as part of the consolidation pattern that started at 1.0205, we'd expect some strong support at 1.0205/0223 support zone to bring rebound. On the upside, above 1.0407 minor resistance will turn intraday bias neutral first. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPCAD | 1.5472 | 1.5606 | -134 | -0.87% | | USDCAD | 1.0327 | 1.0413 | -86 | -0.83% | | CADJPY | 86.25 | 85.56 | +69 | +0.80% | | AUDNZD | 1.2969 | 1.2870 | +99 | +0.76% | | EURCAD | 1.4016 | 1.4120 | -104 | -0.74% | Last Updated: Mar 02, 14:20 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 02, 14:20 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% | | | 00:30 | AUD | Retail Sales M/M Jan | 1.20% | 0.80% | -0.70% | -0.90% | | 03:30 | AUD | RBA Interest Rate Decision | 4.00% | 4.00% | 3.75% | | | 06:45 | CHF | GDP Q/Q Q4 | 0.70% | 0.40% | 0.10% | 0.50% | | 06:45 | CHF | GDP Y/Y Q4 | 0.60% | -0.50% | -1.30% | | | 09:30 | GBP | PMI Construction Feb | 48.5 | 48.9 | 48.6 | | | 10:00 | EUR | Eurozone CPI Estimate Y/Y Feb | 0.90% | 0.90% | 1.00% | | | 10:00 | EUR | Eurozone PPI M/M Jan | 0.70% | 0.60% | 0.10% | | | 10:00 | EUR | Eurozone PPI Y/Y Jan | -1.00% | -1.10% | -2.90% | | | 14:00 | CAD | BoC Interest Rate Decision | 0.25% | 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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