| Action Insight Daily Report | Euro Falls as EU Agrees to Seek IMF Role in Greece Aid Euro resumed recent fall on news that EU is close to concluding an accord that gives IMF the central role in providing financial aids to Greece. The deal should have brokered between France and Germany after German Chancellor Merkel insisted that aid would be provided on if three conditions are met. The conditions are, if Greece couldn't raise funds in financial markets, the IMF makes a substantial contribution and EU sanctions against deficit limit violators are stiffened. The news undermined confidence in EU and investors perceived that as a sign that EU cannot resolve the Greek problem by themselves. Euro fell to record low against Swiss Franc and Australian dollar an remains weak. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: EUR/USD - Sell At 1.3505 Current breach of recent low at 1.3433 confirms recent decline from 1.5145 top has resumed and indicated initial downside target at 1.3405 (61.8% Fibonacci retracement of entire rise from 1.2329 to 1.5145) has been met and further weakness towards 1.3350 (61.8% projection of 1.3819 to 1.3463 measuring from 1.3570) is under way, however, loss of downward momentum would prevent sharp fall below 1.3300 and reckon 1.3246 (50% projection of 1.4580 to 1.3433 measuring from 1.3819) would hold from here. Full Report Here... Trade Idea: USD/JPY - Exit Long Entered At 89.90 Although the greenback has edged higher on dollar's strength especially versus European currencies, break of resistance at 90.81 is needed to retain bullishness and signal pullback from 91.09 has ended at 89.75, bring retest of this level, above there would extend rise from 88.14 towards 91.50, however, price should falter below resistance at 92.16. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/USD Daily Outlook Daily Pivots: (S1) 1.3459; (P) 1.3514; (R1) 1.3553; More. EUR/USD's break of 1.3435 low confirms that whole medium term decline from 1.5143 has resumed. Intraday bias remains on the downside and further fall should now be seen to 61.8% projection of 1.4578 to 1.3443 from 1.3817 at 1.3116 next. On the upside, above 1.3568 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited well below 1.3817 resistance and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
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(%) | | EURUSD | 1.3418 | 1.3498 | -80 | -0.60% | | NZDUSD | 0.7034 | 0.7072 | -38 | -0.54% | | GBPUSD | 1.4969 | 1.5046 | -77 | -0.51% | | EURJPY | 121.48 | 122.01 | -53 | -0.44% | | EURCAD | 1.3654 | 1.3712 | -58 | -0.42% | Last Updated: Mar 24, 06:25 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 24, 06:25 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 21:45 | NZD | Current Account Balance Q4 | -3.57B | -1.64B | -1.41B | -1.59B | | 23:50 | JPY | Trade Balance (JPY) Feb | 0.47T | 0.41T | 0.73T | 0.65T | | 08:30 | EUR | German PMI Manufacturing Mar A | | 56.8 | 57.2 | | | 08:30 | EUR | German PMI Services Mar A | | 52 | 51.9 | | | 09:00 | EUR | Eurozone PMI Services Mar A | | 52 | 51.8 | | | 09:00 | EUR | Eurozone PMI Manufacturing Mar A | | 54 | 54.2 | | | 09:00 | EUR | German IFO - Business Climate Mar | | 95.8 | 95.2 | | | 09:00 | EUR | German IFO - Expectations Mar | | 101 | 100.9 | | | 09:00 | EUR | German IFO - Current Assessment Mar | | 91 | 89.8 | | | 10:00 | EUR | Eurozone Industrial New Orders s.a. M/M Jan | | 2.00% | 0.80% | | | 10:00 | EUR | Eurozone Industrial New Orders Y/Y Jan | | 14.40% | 9.50% | | | 12:30 | GBP | U.K. 2011 Budget Report | | -- | -- | | | 12:30 | USD | Durable Goods Orders Feb | | 0.60% | 3.00% | | | 12:30 | USD | Durables Ex Transportation Feb | | 0.50% | -0.60% | | | 14:00 | USD | New Home Sales M/M Feb | | 1.90% | -11.20% | | | 14:00 | USD | New Home Sales Feb | | 315K | 309K | | | 14:30 | USD | Crude Oil Inventories | | 1.3M | 1.0M | | | 14:45 | USD | Fed Thomas Hoenig Speaks | | -- | -- | | | 17:05 | CAD | BoC Governor Carney Speaks | | -- | -- | | | | 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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