| Action Insight Daily Report | Dollar Firmer But Lacks Decisive Momentum Yet Dollar is generally firmer today against major currencies but lacks decisive momentum for sustainable rebound yet. Euro was weighed down by concern of Greece's ability to borrowing money after poor auction results. Aussie falls after retail sales unexpectedly posted -1.4% mom decline in February. Yen continues to be pressured by risk aversion. However, sterling is mildly lower following Gfk consumer confidence reading. Commodities are mixed with oil staying at 82 level while gold is hovering above 1100. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: EUR/USD - Buy At 1.3370 Although the British pound rose to as high as 1.5128 yesterday, as cable has retreated after faltering below the Ichimoku cloud top, suggesting consolidation would take place today and pullback towards the Ichimoku cloud bottom (now at 1.5043) cannot be ruled out, however, renewed buying interest should emerge above the Kijun-Sen (now at 1.4962) and bring another rebound later. Above said resistance would bring retracement of the decline from 1.5382 to 1.5159 (61.8% Fibonacci retracement of 1.5382 to 1.4798), however, as price is expected to gyrate within recent range of 1.4781-1.5382, reckon 1.5240/50 would limit upside and said upper range would remain intact, bring another decline later this week. Full Report Here... Trade Idea: USD/JPY - Buy At 92.15 Despite intra-day rise to 93.60, lack of follow through buying and the retreat from there suggest consolidation would take place and pullback to the Tenkan-Sen (now at 92.86) is likely, below would bring minor correction towards 92.16 (38.2% Fibonacci retracement of 89.83 to 93.60), however, renewed buying interest should emerge around there and bring another upmove later. Above said resistance would signal recent upmove has resumed and extend gain to 93.00 but reckon 93.73-78 (50% projection of 89.75 to 92.96 measuring from 92.12 and previous resistance) would hold and risk has increased for a correction later. Full Report Here... | | Featured Technical Report | Market Highlights | USD/JPY Daily Outlook Daily Pivots: (S1) 92.25; (P) 92.63; (R1) 93.15; More. USD/JPY's rally extends further to as high as 93.59 so far today and remains firm. At this point, intraday bias remains on the upside and further rise should be seen to 93.74 resistance first. Break there will confirm that whole rally from 81.83 has resumed and should target 161.8% projection of 88.13 to 91.08 from 89.83 at 94.60 next. On the downside, below 91.12 will argue that a short term top is formed and bring more consolidation. Nevertheless, downside of pull back should be contained well above 91.08 resistance turned support and bring rally resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
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(%) | | AUDCAD | 0.9302 | 0.9379 | -77 | -0.83% | | CADJPY | 91.61 | 90.91 | +70 | +0.76% | | EURAUD | 1.4671 | 1.4581 | +90 | +0.61% | | EURJPY | 125.09 | 124.41 | +68 | +0.54% | | AUDUSD | 0.9147 | 0.9196 | -49 | -0.54% | Last Updated: Mar 31, 07:30 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 31, 07:30 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:01 | GBP | GfK Consumer Confidence Survey Mar | -15 | -13 | -14 | | | 00:30 | AUD | Retail Sales M/M Feb | -1.40% | 0.30% | 1.20% | 1.10% | | 06:00 | JPY | Housing Starts Y/Y Feb | -9.30% | -0.80% | -8.10% | | | 07:55 | EUR | German Unemployment Change Mar | | 8K | 7K | | | 07:55 | EUR | German Unemployment Rate Mar | | 8.20% | 8.20% | | | 09:00 | EUR | Eurozone Unemployment Rate Feb | | 10.00% | 9.90% | | | 09:00 | EUR | Eurozone CPI Estimate Y/Y Mar | | 1.10% | 0.90% | | | 09:30 | CHF | KOF Leading Indicator Mar | | 1.9 | 1.87 | | | 12:15 | USD | ADP Employment Change Mar | | 40K | -20K | | | 12:30 | CAD | GDP M/M Jan | | 0.50% | 0.60% | | | 13:45 | USD | Chicago PMI Mar | | 61 | 62.6 | | | 14:00 | USD | Factory Orders Feb | | 0.50% | 1.70% | | | 14:30 | USD | Crude Oil Inventories | | 2.4M | 7.3M | | | | 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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