| Action Insight Mid-Day Report | Euro Remains Soft on Greece Uncertainty Euro remains pressured by the uncertain on who will provide financial aids to Greece to resolve its debt problems. There are rumors that the situation has become increasingly pessimistic for concrete assistance at next EU summit on March 25 and Greece may eventually need to seek IMF assistance during Easter. Greece Prime Minister Papandreou set a one-week deadline for EU to craft the mechanism for the financial aid and said he may turn to IMF otherwise. German Chancellor Merkel's chief finance spokesman Meister said yesterday that "nobody apart from the IMF" has the instruments to push for Greece to restore its "capital-markets access" and attempting a Greek rescue without the IMF "would be a very daring experiment." The comments signaled a rift with Merkel and European leaders ECB Trichet, Luxembourg's Jean-Claude Juncker and France's Sarkozy. Also, it's believed there are now at least three other Eurozone nations that are open to the idea of calling the IMF if needed, including Finland, the Netherlands and Italy. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: GBP/USD - Sell at 1.5445 O.C.O. Buy at 1.5140 Cable's intra-day sideways trading is expected to continue and although retracement to the Kijun-Sen (now at 1.5180) cannot be ruled out, reckon 1.5125/30 (approx. 50% Fibonacci retracement of 1.4873 to 1.5382) would attract renewed buying interest and bring another rally later. Above resistance at 1.5382 (yesterday's high) would bring stronger retracement of recent decline towards 1.5421-22 (61.8% Fibonacci retracement of 1.5816 to 1.4781 and 38.2% Fibonacci retracement of 1.6459 to 1.4781) but loss of near term upward momentum would cap price below 1.5500, bring retreat later. Full Report Here... Trade Idea: USD/JPY - Hold long entered at 90.20 Despite intra-day fall to 89.75, as dollar has rebounded after holding above support at 89.63, retaining our near term bullishness and as long as this intra-day support holds, gain to minor resistance at 90.72/74 is seen and break there would signal pullback from 91.09 is over, bring resumption of the rise from 88.14 to 91.70/80, however, as broad outlook is still consolidative, dollar shall falter well below resistance at 92.16 and further choppy trading would follow. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.3703; (P) 1.3760; (R1) 1.3794; More. EUR/USD drops to as low as 1.3647 today and remains soft. As noted before, break of 1.3641 minor support will indicate that consolidations from 1.3443 has completed at 1.3817 already. In such case, intraday bias will be flipped to the downside for retesting 1.3435 low. Break will confirm that whole fall from 1.5143 high has resumed. On the upside, in case of another rise, we'd continue to expect upside to be limited by 1.3852 (38.2% retracement of 1.4578 to 1.3443 at 1.3861) and bring down trend resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 64.78 | 64.45 | +33 | +0.51% | | AUDNZD | 1.2865 | 1.2926 | -61 | -0.47% | | NZDUSD | 0.7170 | 0.7140 | +30 | +0.42% | | EURCAD | 1.3819 | 1.3876 | -57 | -0.41% | | EURUSD | 1.3689 | 1.3737 | -48 | -0.35% | Last Updated: Mar 18, 14:15 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 18, 14:15 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | BSI Large Manufacturing Q/Q Q1 | 4.3 | 15.3 | 13.2 | | | 05:00 | JPY | BoJ Monthly Report | | -- | -- | | | 07:15 | CHF | Trade Balance (CHF) Feb | 1.29B | 2.20B | 2.42B | | | 08:15 | CHF | Industrial Production Q/Q Q4 | 6.40% | 5.10% | 3.40% | 3.50% | | 09:00 | EUR | Eurozone Current Account (EUR) Jan | -8.1B | 2.9B | 1.9B | | | 09:30 | GBP | Public Sector Net Borrowing (GBP) Feb | 12.4B | 14.6B | 4.3B | 0.0B | | 09:30 | GBP | M4 Money Supply M/M Feb P | 0.20% | 0.70% | 0.40% | 0.20% | | 09:30 | GBP | M4 Money Supply Y/Y Feb P | 3.60% | 4.30% | 4.90% | 4.70% | | 10:00 | CHF | ZEW Survey (Expectations) Mar | 53.8 | -- | 52.5 | | | 10:00 | EUR | Eurozone Trade Balance (EUR) Jan | -2.3B | 5.5B | 7.0B | 4.3B | | 11:00 | GBP | U.K. CBI Industrial Trends Mar | -37 | -33 | -36 | | | 12:30 | CAD | International Securities Transactions (CAD) Jan | 11.83B | 7.75B | 11.231B | | | 12:30 | USD | Initial Jobless Claims | 457K | 450K | 462K | | | 12:30 | USD | CPI M/M Feb | 0.00% | 0.10% | 0.20% | | | 12:30 | USD | CPI Y/Y Feb | 2.10% | 2.30% | 2.60% | | | 12:30 | USD | CPI Core M/M Feb | 0.10% | 0.10% | -0.10% | | | 12:30 | USD | CPI Core Y/Y Feb | 1.30% | 1.40% | 1.60% | | | 12:30 | USD | Current Account Q4 | -115.6B | -$119.8B | -$108.0B | | | 14:00 | USD | Philadelphia Fed. Mar | 18.9 | 17.6 | 17.6 | | | 14:00 | USD | Leading Indicators Feb | 0.10% | 0.10% | 0.30% | | | 14:30 | USD | Natural Gas Storage | | -37B | -111B | | | | 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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