| Action Insight Mid-Day Report | Sterling Tumbles on Production Data, Kiwi Firm ahead of RBNZ Sterling weakens broadly today on poor production data from UK. Industrial production dropped -0.4% mom, -1.5% yoy in January while manufacturing production dropped -0.9% mom and rose 0.2% yoy. Investors remain concerned with the momentum of recovery, fiscal deficit as well as political uncertainty in UK. BoE MPC member Adam Posen said that he hoped the bank is done with quantitative easing, but the comment offered little support to Sterling. Full Report Here... | | Special Report | SNB to turn More Hawkish in Monetary Policy Despite recent positive economic data, the SNB will continue to leave the target range for 3-month LIBOR at 0-0.75, targeting to keep the rate at 0.25%, in March. The Monetary Policy Announcement will likely turn more hawkish with upgrades in both growth and inflation outlooks. Full Report Here... RBNZ to Hold Monetary Policy Unchanged. Focus on the Quarterly MPS The RBNZ will likely leave the OCR at 2.5%, for the 11th month, at the March meeting. Therefore, the market will focus on the Monetary Policy Statement as well as how the central bank describe economic outlook. On the whole, we expect the RBNZ will deliver a neutral tone, if not slightly more dovish than January's, on the outlook as economic data released in recent weeks were rather mixed. The post- meeting statement should retain the reference that 'we would expect to begin removing policy stimulus around the middle of 2010'. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 120.90 Although euro rebounded after falling to 121.46 yesterday, above resistance at 123.90 is needed to revive our bullish count that wave v has ended at 119.66 earlier and bring retracement of recent decline to 125.00 and then 125.24, otherwise, further consolidation would take place and another retreat to 121.46 cannot be ruled out but support at 120.30 should remain intact, bring strong rebound later this week Full Report Here... Trade Idea: AUD/USD - Buy At 0.9035 As aussie has maintained a firm undertone after breaking resistance at 0.9134, suggesting recent rise from 0.8578 is still in progress and further gain to indicated resistance at 0.9175 (previous support) would be seen, above would extend gain to 0.9200 and then towards 0.9294 (100% projection of wave i) Full Report Here... | | Featured Technical Report | Market Highlights | USD/JPY Mid-Day Outlook Daily Pivots: (S1) 89.62; (P) 89.97; (R1) 90.32; More. USD/JPY rebounded strongly after drawing support from 4 hours 55 EMA but it's still limited below 90.68 resistance. Intraday bias remains neutral and more consolidations could still be seen. However, another rise would be mildly in favor as long as 89.19 minor support holds. Above 90.68 will bring rise resumption towards near term falling trend line (now at 91.48). On the downside, note that further break of 89.19 will argue that rebound from 88.13 is over and will flip intraday bias back to the downside for retesting this support instead. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 63.91 | 63.22 | +69 | +1.08% | | AUDJPY | 82.85 | 82.21 | +64 | +0.77% | | GBPAUD | 1.6295 | 1.6405 | -110 | -0.68% | | NZDUSD | 0.7067 | 0.7027 | +40 | +0.57% | | CHFJPY | 84.14 | 83.67 | +47 | +0.56% | Last Updated: Mar 10, 13:40 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 10, 13:40 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:30 | AUD | Westpac Consumer Confidence Mar | 0.20% | -- | -2.60% | | | 23:50 | JPY | Domestic CGPI Y/Y Feb | -1.50% | -1.40% | -2.10% | | | 23:50 | JPY | Machine Orders M/M Jan | -3.70% | -3.80% | 20.10% | | | 23:50 | JPY | Machine Orders Y/Y Jan | -1.10% | -0.60% | -1.50% | | | 7:00 | EUR | German Trade Balance (EUR) Jan | 8B | 14.5B | 13.5B | 13.4B | | 7:00 | EUR | German CPI M/M Feb F | 0.40% | 0.20% | 0.20% | | | 7:00 | EUR | German CPI Y/Y Feb F | 0.60% | 0.40% | 0.40% | | | 9:30 | GBP | Industrial Production M/M Jan | -0.40% | 0.30% | 0.50% | | | 9:30 | GBP | Industrial Production Y/Y Jan | -1.50% | -0.80% | -3.60% | -3.70% | | 9:30 | GBP | Manufacturing Production M/M Jan | -0.90% | 0.20% | 0.90% | | | 9:30 | GBP | Manufacturing Production Y/Y Jan | 0.20% | 1.40% | -1.90% | | | 15:00 | USD | Wholesale Inventories Jan | | 0.20% | -0.80% | | | 15:30 | USD | Crude Oil Inventories | | 2.1M | 4.1M | | | 19:00 | USD | Monthly Budget Statement Feb | | -$202.0B | -$42.6B | | | 20:00 | NZD | RBNZ Interest Rate Decision | | 2.50% | 2.50% | | | -- | GBP | NIESR GDP Estimate Feb | | -- | 0.40% | | | | 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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