| Action Insight Mid-Day Report | Dollar and Yen Extend Rally on Greece Concern Euro remains under pressure as a German government spokesman Wilhelm said today that Chancellor Merkel would consider IMF financial aid for debt-stricken Greece in an emergency. Also, Wilhelm said that decisions on aid for Greece are "not on the agenda" for EU summit on THursday and Friday. Dollar and yen are lifted by risk aversion and there are fresh round of buying as market enters into US session. The greenback is additionally supported by crude oil's dive through 79 level and as gold drops below 1100. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 121.50, O.C.O. Sell At 123.70 Intra-day fall to 122.17 suggests near term downside bias remains for the fall from 125.36 to extend weakness to 121.84 (61.8% Fibonacci retracement) and possibly towards 121. 45/50, however, as we are keeping our view that wave v has ended at 119.66, downside should be limited to 121.00 and bring another rebound later. Full Report Here... Trade Idea: AUD/USD - Buy At 0.9190 Despite last week's rise to 0.9253, the subsequent euro-led retreat suggests a temporary top has been formed (tentatively minor wave 1 of iii) and correction would take place (in minor wave 2 of iii) and retracement to 0.9080 and then towards 0.9027 (38.2% and 50% Fibonacci retracement of wave 1 rise from 0.8800 to 0.9253), however, reckon 0.8973 (61.8% Fibonacci retracement) would hold and bring another rally later in wave 3 of iii early next month. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CHF Mid-Day Outlook Daily Pivots: (S1) 1.0557; (P) 1.0596; (R1) 1.0652; More. USD/CHF's break of 1.0646 minor resistance suggests that whole correction from 1.0897 is completed at 1.0506 already. Intraday bias is flipped to the upside for 1.0809 resistance for confirmation. Break there will also suggest that whole medium term rise from 0.9916 is resuming and should target 61.8% projection of 1.0131 to 1.0897 from 1.0506 at 1.0979 next. On the downside, below 1.0577 minor support will turn intraday bias neutral again and will probably bring another fall. Nevertheless, we'd still expect strong support from rising trend line (now at 1.0491) to bring rise resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 63.12 | 64.11 | -99 | -1.57% | | CADJPY | 87.93 | 88.99 | -106 | -1.21% | | AUDJPY | 81.89 | 82.87 | -98 | -1.20% | | EURJPY | 121.28 | 122.50 | -122 | -1.01% | | NZDUSD | 0.7014 | 0.7080 | -66 | -0.94% | Last Updated: Mar 22, 13:20 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 22, 13:20 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 00:30 | AUD | New Motor Vehicle Sales M/M Feb | -1.90% | -- | -3.40% | -3.50% | | 10:00 | CHF | SNB Quarterly Bulletin | | -- | -- | | | 14:30 | EUR | ECB President Trichet Speaks | | -- | -- | | | 15:30 | GBP | BOE Gov King Speaks | | -- | | | 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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