| Action Insight Daily Report | Dollar Stays in Range ahead of Non-Farm Payrolls Dollar continues to stay in the middle of recent range ahead of the highly anticipated job report from US. Markets expect the Non-farm payroll report to show another -40k contraction in the job market in February while unemployment rate is expected to rise back to 9.8%. Outlook for manufacturing jobs continued to improve with employment component component of ISM manufacturing index stayed above 50 for the third consecutive month in February and rose to 56.1. However, job in services might drag down the overall picture as employment component of ISM non-manufacturing index stayed below 50 even though rising to 48.6. ADP private job report also showed -20k contraction in February. One more thing to note is the sharp deterioration of consumer confidence in FEbruary to 46, which breaks last July's low of 47.4. We might see the unemployment rate climbs up again in the coming months. Full Report Here... | | Special Reports | ECB Continued to Mop Up Excess Liquidity as Growth Outlook Improved ECB's monetary decisions in March are broadly inline with expectations. The central bank left the main refinancing rate unchanged at 1% while fine-tuning the funding operation frameworks. The ECB staff's forecast on 2011 GDP was modestly revised upward. Focus of the press conference was on the gradual phasing-out of our non-standard operational measures. ECB announced LTROs will return to variable rate starting April 28, 2010. 'Allotment amounts in these operations will be set with the aim of ensuring smooth conditions in money markets and avoiding any significant spreads between bid rates and the prevailing MRO rate'. Moreover, the 6-month LTRO to be allotted on 31 March 2010 will be fixed at the average minimum bid rate of the MROs over the life of this operation - same case as the 12-month LTRO of December 16, 2009. The return to variable rate was as what we expected. Full Report Here... | | Candlesticks & Ichimioku Analysis | Trade Idea: EUR/USD - Stand Aside Yesterday's sharp retreat suggests this week's rise from 1.3433 has ended at 1.3736 and consolidation with mild downside bias is seen for further weakness towards 1.3500/10, however, as we are keeping our view that a temporary low has been formed at 1.3433, reckon 1.3460/70 would contain downside and bring another leg of corrective rise later. Full Report Here... Trade Idea: USD/JPY - Stand Aside Dollar's strong rebound after falling to 88.14 yesterday suggests the decline from 92.16 has possibly ended and consolidation with upside bias is seen for test of the Ichimoku cloud bottom (now at 89.57), however, the expanding Ichimoku cloud signals selling pressure there would be heavy and only a breach of 89.92 (previous support turned resistance) would add credence to this view and stronger rebound towards the upper Kumo (now at 90.45) would follow. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/USD Daily Outlook Daily Pivots: (S1) 1.3614; (P) 1.3674; (R1) 1.3757; More. EUR/USD's break of 1.3591 minor support argues that recent consolidation might be completed at 1.3735 already. Intraday bias is flipped back to the downside for 1.3435 first. Break will confirm decline resumption and should target 161.8% projection of 1.5143 to 1.4217 from 1.4578 at 1.3076 next. On the upside, above 1.3735 will delay the bearish view and bring more consolidations. But after all, upside in expected to be limited by 1.3838/52 resistance zone and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 61.37 | 61.11 | +26 | +0.42% | | AUDJPY | 80.43 | 80.11 | +32 | +0.40% | | EURJPY | 121.31 | 120.90 | +41 | +0.34% | | USDJPY | 89.33 | 89.03 | +30 | +0.34% | | CADJPY | 86.57 | 86.28 | +29 | +0.33% | Last Updated: Mar 05, 07:00 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 05, 07:00 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 09:30 | GBP | PPI Input M/M Feb | | 0.20% | 2.00% | | | 09:30 | GBP | PPI Input Y/Y Feb | | 7.80% | 8.40% | | | 09:30 | GBP | PPI Output M/M Feb | | 0.20% | 0.40% | | | 09:30 | GBP | PPI Output Y/Y Feb | | 4.00% | 3.80% | | | 09:30 | GBP | PPI Output Core Y/Y Feb | | 2.80% | 2.50% | | | 11:00 | EUR | German Factory Orders M/M Jan | | 1.30% | -2.30% | | | 11:00 | EUR | German Factory Orders Y/Y Jan | | 15.40% | 8.40% | | | 13:30 | USD | Change in Non-Farm Payrolls Feb | | -40K | -20K | | | 13:30 | USD | Unemployment Rate Feb | | 9.80% | 9.70% | | | | Suggested Readings | ECB 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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