| Action Insight Mid-Day Report | Swiss Franc Mildly Lower after SNB Swiss Franc is mildly lower after SNB left three-month Libor target unchanged at 0.25 and reiterated its stance to"prevent excessive appreciation of the Swiss franc against the euro," which would "result in an undesired tightening of monetary conditions." Reactions to the announcement is mild so far. EUR/CHF spikes higher to 1.4628 after the release but was limited below 1.4635 minor resistance. We'd expect EUR/CHF to continue to craw low as dusts settle. Full Report Here... | | Special Report | RBNZ Retained Monetary Stance, Raised Growth Outlook But Remained Cautious As we and the market expected, the RBNZ left the OCR unchanged at 2.5% and reiterated the stance to 'removing policy stimulus around the middle of 2010'. The quarterly MPS also revealed modest upgrades in 2011 GDP growth and inflation. However, potential GDP growth in 2010 has been revised downward. We retain our view that the RBNZ will begin tightening in June with a hike of +25 bps. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 122.00 Euro's rally after early retreat to 121.46 (Tue 09 March) has retained our bullish view that wave v has ended earlier at 119.66 and consolidation with upside bias remains for gain to 124.50, then towards resistance at 125.24, however, break there is needed to provide final confirmation and bring stronger rebound to 126.00. Full Report Here... Trade Idea: AUD/USD - Buy At 0.9035 As aussie eased after rising to 0.9193 yesterday, suggesting minor consolidation would be seen, however, pullback should be limited to 0.9030/35 and bring another rally later. Above said resistance would extend gain to 0.9240/50 and then towards 0.9294 (100% projection of wave i) Full Report Here... | | Featured Technical Report | Market Highlights | USD/CHF Mid-Day Outlook Daily Pivots: (S1) 1.0656; (P) 1.0725; (R1) 1.0765; More. USD/CHF dips to 1.0723 today but recovers in early US session. Consolidation from 1.0897 is still in progress and more choppy sideway trading might be seen. Another fall cannot be ruled out with 1.0809 minor resistance intact. But downside is expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip intraday bias back to the upside. Decisive break of 1.0897 will confirm that whole rally from 0.9916 has resumed. Also, sustained trading above medium term trend line resistance (now at 1.0778) will pave the way to 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPCAD | 1.5453 | 1.5347 | +106 | +0.69% | | NZDUSD | 0.6983 | 0.7019 | -36 | -0.52% | | NZDJPY | 63.20 | 63.52 | -32 | -0.51% | | GBPAUD | 1.6434 | 1.6355 | +79 | +0.48% | | GBPCHF | 1.6095 | 1.6021 | +74 | +0.46% | Last Updated: Mar 11, 13:50 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 11, 13:50 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 20:00 | NZD | RBNZ Interest Rate Decision | 2.50% | 2.50% | 2.50% | | | 23:50 | JPY | GDP Q/Q Q4 F | 0.90% | 1.00% | 1.10% | | | 23:50 | JPY | GDP Annualized Q4 F | 3.80% | 4.00% | 4.60% | | | 23:50 | JPY | GDP Deflator Y/Y Q4 F | -2.80% | -2.90% | -3.00% | | | 00:30 | AUD | Employment Change Feb | 0.4K | 15.2K | 52.7K | 56.5K | | 00:30 | AUD | Unemployment Rate Feb | 5.30% | 5.30% | 5.30% | 5.20% | | 10:00 | EUR | ECB Monthly Bulletin | | -- | -- | | | 13:00 | CHF | SNB Interest Rate Decision | 0.25% | 0.25% | 0.25% | | | 13:30 | CAD | Capacity Utilization Rate Q4 | 70.90% | 70.00% | 67.50% | | | 13:30 | CAD | New Housing Price Index M/M Jan | 0.40% | 0.40% | 0.40% | | | 13:30 | CAD | Trade Balance (CAD) Jan | 0.8B | 0.4B | -0.2B | | | 13:30 | USD | Trade Balance Jan | -37.3B | -$41.0B | -$40.2B | | | 13:30 | USD | Initial Jobless Claims | 462K | 450K | 469K | | | 15:30 | USD | Natural Gas Storage | | -107B | -116B | | | | 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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