| Action Insight Mid-Day Report | Dollar Strengthens as Euro Punched by Portugal Downgrade Dollar rides on the misfortune of Euro rises sharply across the board today. Euro has already been under much press on news that EU will seek IMF to play the central role in providing financial aids to Greece. Additional pressure is seen from news that Portugal's debt was downgraded by Fitch to AA- with a "negative" outlook. Investors are deeply concerned with fiscal problem in southern European countries and the prospects for respective economies. While dollar rises sharply against Euro, it also manages to strength against other major currencies. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 120.80 Although intra-day brief fall to 121.46 suggests downside risk remains for another test of 121.05 support (this week's low), as broad outlook is still consolidative, downside should be limited to 120.50/60 and bring another rebound later. Above this week's high at 122.62 would suggest low has been formed and bring stronger rebound to 123.30/40, then 123.75/80. Full Report Here... Trade Idea: AUD/USD - Sell At 0.9190 Despite yesterday's marginal rise to 0.9199, as aussie retreated again from there in tandem with euro, suggesting further consolidation below recent high at 0.9253 would take place with mild downside bias for another fall to 0.9085, break there would bring stronger retracement of recent upmove in minor wave 2 of iii towards 0.9027 (38.2% and 50% Fibonacci retracement of wave 1 rise from 0.8800 to 0.9253) but 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) 1.0533; (P) 1.0586; (R1) 1.0625; More. USD/CHF's strong break of 1.0660 minor resistance indicates that rise from 1.0506 has resumed and flips intraday back to the upside for 1.0809 resistance next. Break there will suggest that whole 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 1.0656 minor support will turn intraday bias neutral and bring consolidations. But downside should be contained well above 1.0546 support and bring rally resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | USDJPY | 91.92 | 90.39 | +153 | +1.66% | | USDCHF | 1.0704 | 1.0573 | +131 | +1.22% | | EURUSD | 1.3343 | 1.3498 | -155 | -1.16% | | CADJPY | 89.78 | 88.95 | +83 | +0.92% | | AUDUSD | 0.9104 | 0.9187 | -83 | -0.91% | Last Updated: Mar 24, 13:35 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 24, 13:35 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 21:45 | NZD | Current Account Balance Q4 | -3.57B | -1.64B | -1.41B | -1.59B | | 23:50 | JPY | Trade Balance (JPY) Feb | 0.47T | 0.41T | 0.73T | 0.65T | | 08:30 | EUR | German PMI Manufacturing Mar A | 59.6 | 56.8 | 57.2 | | | 08:30 | EUR | German PMI Services Mar A | 54.7 | 52 | 51.9 | | | 09:00 | EUR | Eurozone PMI Services Mar A | 53.7 | 52 | 51.8 | | | 09:00 | EUR | Eurozone PMI Manufacturing Mar A | 56.3 | 54 | 54.2 | | | 09:00 | EUR | German IFO - Business Climate Mar | 98.1 | 95.8 | 95.2 | | | 09:00 | EUR | German IFO - Expectations Mar | 101.9 | 100.9 | 100.9 | | | 09:00 | EUR | German IFO - Current Assessment Mar | 94.4 | 91 | 89.8 | | | 10:00 | EUR | Eurozone Industrial New Orders s.a. M/M Jan | -2.00% | 2.00% | 0.80% | | | 10:00 | EUR | Eurozone Industrial New Orders Y/Y Jan | 7.00% | 14.40% | 9.50% | | | 12:30 | GBP | U.K. 2011 Budget Report | | -- | -- | | | 12:30 | USD | Durable Goods Orders Feb | 0.50% | 0.60% | 3.00% | | | 12:30 | USD | Durables Ex Transportation Feb | 0.90% | 0.50% | -0.60% | | | 14:00 | USD | New Home Sales M/M Feb | | 1.90% | -11.20% | | | 14:00 | USD | New Home Sales Feb | | 315K | 309K | | | 14:30 | USD | Crude Oil Inventories | | 1.3M | 1.0M | | | 14:45 | USD | Fed Thomas Hoenig Speaks | | -- | -- | | | 17:05 | CAD | BoC Governor Carney 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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