| Action Insight Daily Report | Dollar and Yen Broadly Lower Dollar and yen are broadly lower on improved risk appetite as Japanese Nikkei soared to 18 month high in Asia today. Commodities are also strong with crude oil back above 82 and is set to break through recent high of 83.16. Meanwhile Gold is also trading firm above 1100 level. One important development today is that EUR/JPY has taken out an important resistance at 125.22 level which completes a head and shoulder bottom reversal pattern. The development further align yen's bearish outlook against dollar and commodity currencies and we'd expect more yen losses going forward in general. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: USD/CHF - Sell At 1.0680 As dollar has fallen again after brief recovery, suggesting bearishness remains for weakness towards 1.0547, however, break there is needed to signal the decline from 1.0899 has resumed for retest of 1.0507 low, break there would bring stronger retracement of early upmove from 0.9910 to 1.0450/60 and then 1.0424 (61.8% Fibonacci retracement of 1.0130 to 1.0899), however, reckon 1.0405 (50% Fibonacci retracement of entire rise from 0.9910 to 1.0899) would hold from here. Full Report Here... Trade Idea: USD/JPY - Buy At 91.70 Although dollar recovered after intra-day retreat to 92.12, above resistance at 92.96 is needed to confirm recent rise from 88.14 has resumed and extend gain towards 93.31-36 (previous chart resistance and 61.8% projection of 89.83-92.42 measuring from 91.76) but reckon resistance at 93.78 would hold on first testing and risk has increased for a correction later. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/JPY Daily Outlook Daily Pivots: (S1) 124.14; (P) 124.60; (R1) 125.11; More. EUR/JPY rises further to as high as 125.45 so far today and further rise is still expected. As noted before, sustained break of 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) will complete a head and shoulder bottom pattern (ls: 120.69, h: 119.64, rs: 121.05) and will argue that EUR/JPY has bottomed out in medium term. In such case, further rise should be seen to 126.88 resistance for confirmation. On the downside, below 124.16 support will turn intraday bias neutral first and bring pull back. But another would remain in favor as long as 121.05 support holds. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPJPY | 139.29 | 138.55 | +74 | +0.53% | | NZDJPY | 65.91 | 65.58 | +33 | +0.50% | | CADJPY | 90.92 | 90.52 | +40 | +0.44% | | EURJPY | 125.19 | 124.65 | +54 | +0.43% | | AUDJPY | 85.18 | 84.83 | +35 | +0.41% | Last Updated: Mar 30, 07:25 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 30, 07:25 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:30 | JPY | Unemployment Rate Feb | 4.90% | 4.90% | 4.90% | | | 23:30 | JPY | Household Spending Y/Y Feb | -0.50% | 1.50% | 1.70% | | | 23:50 | JPY | Industrial Production M/M Feb P | -0.90% | -0.50% | 2.70% | | | 23:50 | JPY | Industrial Production Y/Y Feb P | 31.30% | 31.70% | 18.50% | | | 06:00 | EUR | German Import Price Index M/M Feb | 1.00% | 0.40% | 1.70% | | | 06:00 | EUR | German Import Price Index Y/Y Feb | 2.60% | 2.00% | 1.40% | | | 06:00 | CHF | UBS Consumption Indicator Feb | 1.2 | -- | 1.36 | 1.32 | | 08:30 | GBP | GDP Q/Q Q4 F | | 0.30% | 0.30% | | | 08:30 | GBP | GDP Y/Y Q4 F | | -3.30% | -3.30% | | | 08:30 | GBP | Current Account (GBP) Q4 | | -5.1B | -4.7B | | | 12:30 | CAD | Industrial Product Price M/M Feb | | 0.00% | 0.30% | | | 12:30 | CAD | Raw Materials Price Index M/M Feb | | -1.00% | 3.30% | | | 13:00 | USD | S&P/Case-Shiller Composite-20 Y/Y Jan | | -0.60% | -3.10% | | | 14:00 | USD | Consumer Confidence Mar | | 50 | 46 | | | | 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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