| Action Insight Mid-Day Report | EUR/USD Recovers Mildly as Trichet Extends Collateral Rules Euro covers mildly today after ECB Trichet extended emergency collateral rules in places into 2011. During the financial crisis ECB lowered the threshold of accepting debt from A- to investment grade level (BBB-). In parallel, ECB will introduce, as of Jan 2011, a graded haircut schedule, "which will continue to adequately protect the Eurosystem." The move is seen as a gesture to show support to Greece to other members of EU. Euro regains some ground against dollar but the recovery is so far weak. The final resolutions for Greece remains in doubt. German Chancellor Merkel indicate that she's ready to cut a deal on supporting Greece, but the aid " must be awarded as a combination from the IMF and collective bilateral aid in the euro zone." Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy On break Of 123.10 Despite yesterday's retreat to 121.41, as the single currency found decent demand above previous support at 121.05 (this week's low), suggesting consolidation with mild upside bias would be seen but break of yesterday's high at 123.03 is needed to signal low has possibly been formed and bring stronger rebound to 123.75/80, break there would confirm and extend gain to 124.50 and later test of 125.36. Full Report Here... Trade Idea: AUD/USD - Buy On Break Of 0.9205 Although aussie dropped below said support at 0.9085, lack of follow through selling and the recovery from 0.9071 (yesterday's low) suggests consolidation would be seen and rebound to 0.9190/00 cannot be ruled out, however, a firm break there is needed to signal the correction from 0.9254 has ended, then rise from 0.8578 low should resume in wave iii for further gain towards next chart resistance at 0.9331 and later towards 0.9407. Full Report Here... | | Featured Technical Report | Market Highlights | USD/JPY Mid-Day Outlook Daily Pivots: (S1) 90.96; (P) 91.68; (R1) 93.02; More. Intraday bias in USD/JPY remains on the upside with 91.69 minor support intact. Further rise should be seen to 100% projection of 88.13 to 91.08 from 89.83 at 92.78 next. As discussed before, the break of 92.14 resistance confirms that correction from 93.74 has completed with three waves down to 88.13 already. Hence, retest of 93.74 high should be seen after taking out 92.78 fibo level. On the downside, below 91.69 will indicate that an intraday top is in place and bring consolidations. But downside should be contained well above 89.83 support and bring rally resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 65.54 | 64.75 | +79 | +1.21% | | NZDUSD | 0.7097 | 0.7017 | +80 | +1.13% | | CADJPY | 90.78 | 89.90 | +88 | +0.97% | | USDCAD | 1.0170 | 1.0265 | -95 | -0.93% | | AUDJPY | 84.38 | 83.74 | +64 | +0.76% | Last Updated: Mar 25, 13:20 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 25, 13:20 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 21:45 | NZD | GDP Q/Q Q4 | 0.80% | 0.80% | 0.20% | 0.30% | | 21:45 | NZD | GDP Y/Y Q4 | 0.40% | 0.40% | -1.30% | | | 23:50 | JPY | Corporate Service Price Y/Y Feb | -1.30% | -1.10% | -1.00% | -1.20% | | 00:00 | USD | Fed's Donald Kohn Speaks | | -- | -- | | | 00:30 | AUD | RBA Semi-Annnual Financial Stability Review | | -- | -- | | | 07:00 | EUR | German GfK Consumer Confidence Apr | 3.2 | 3.1 | 3.2 | | | 09:00 | EUR | Eurozone M3 Y/Y Feb | -0.40% | -0.10% | 0.10% | | | 09:30 | GBP | Retail Sales M/M Feb | 2.10% | 0.80% | -1.80% | | | 12:30 | USD | Initial Jobless Claims | 442K | 450K | 457K | | | 13:10 | USD | Fed's Sandra Pianalto Speaks | | -- | -- | | | 14:00 | USD | Fed's Bernanke Testifies | | -- | -- | | | 14:30 | USD | Natural Gas Storage | | 10B | -11B | | | | 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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