| Action Insight Mid-Day Report | USD Retreats against EUR But Rebounds against CAD and AUD When the greeback retreats against European majors as Euro is supported by news of agreement on Greece aid plan, it's attempting to extend recent rebound commodity currencies in early US session. AUD/USD drops to as low as 0.9080 while USD/CAD rose to as high as 1.0298. Crude oil and gold gave up earlier gains after release of final print of Q4 GDP data from US, which showed less than expected growth of 5.6% annualized. march U of Michigan consumer sentiment was revised higher to 73.6. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Hold Long Entered At 123.10 The single currency surged after breaking indicated resistance at 123.03 and although price retreated from yesterday's high of 123.90, as renewed buying interest emerged at 122.98 earlier today, suggesting as long as this level holds, bullishness remains for rise from this week's low at 121.05 to extend gain to 124.50 and later test of resistance at 125.36. Full Report Here... Trade Idea: AUD/USD - Buy At 0.8970 As aussie has fallen again after brief recovery, suggesting the minor wave 2 correction from 0.9253 is still unfolding and weakness to 0.8970-80 (previous minor support and 61.8% Fibonacci retracement of 0.8800 to 0.9253) cannot be ruled out, however, reckon 0.8900 would hold and bring another rally later. Above 0.9142 (yesterday's high) would suggests low has possibly been formed but break of 0.9199 is needed to confirm wave 2 correction from 0.9253 is over and bring retest of this resistance. Full Report Here... | | Featured Technical Report | Market Highlights | AUD/USD Mid-Day Outlook Daily Pivots: (S1) 0.9045; (P) 0.9093; (R1) 0.9120; More AUD/USD's fall from 0.9250 extends further to as low as 0.9019 so far in early US session and intraday bias remains on the downside. The firm break of near term rising trend line argues that whole rise from 0.8577 might be completed at 0.9250 already. Intraday bias remains on the downside and more decline is now in favor towards 0.8802 support next. On the upside, though, break of 0.9116 minor resistance will indicate that fall from 0.9250 is merely a correction and rise from 0.8577 is still in progress for a test on 0.9404. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | EURCAD | 1.3776 | 1.3589 | +187 | +1.36% | | EURAUD | 1.4804 | 1.4622 | +182 | +1.23% | | EURUSD | 1.3403 | 1.3271 | +132 | +0.98% | | GBPCAD | 1.5309 | 1.5166 | +143 | +0.93% | | EURJPY | 124.11 | 123.05 | +106 | +0.85% | Last Updated: Mar 26, 14:05 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 26, 14:05 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 21:45 | NZD | Trade Balance (NZD) Feb | 321M | 355M | 269M | 263M | | 22:15 | AUD | RBA Governor Glenn Stevens Speaks | | -- | -- | | | 23:00 | AUD | Conference Board Leading Index Jan | -0.20% | -- | 0.60% | | | 23:30 | JPY | Tokyo CPI Y/Y Mar | -1.80% | -1.70% | -1.80% | | | 23:30 | JPY | Tokyo CPI Ex-Fresh Food Y/Y Mar | -1.80% | -1.70% | -1.80% | | | 23:30 | JPY | Tokyo CPI Ex Food Energy Y/Y Mar | -1.20% | -1.20% | -1.30% | | | 23:30 | JPY | National CPI Y/Y Feb | -1.10% | -1.10% | -1.30% | | | 23:30 | JPY | National CPI Ex-Fresh Food Y/Y Feb | -1.20% | -1.20% | -1.30% | | | 23:30 | JPY | National CPI Ex Food Energy Y/Y Feb | -1.10% | -1.10% | -1.20% | | | 10:30 | CHF | KOF Institute Economic Forecst Mar | | -- | -- | | | 12:30 | USD | GDP (Annualized) Q4 F | 5.60% | 5.90% | 5.90% | | | 12:30 | USD | Personal Consumption Q4 F | 1.80% | 1.70% | 1.70% | | | 12:30 | USD | GDP Price Index Q4 F | 0.50% | 0.40% | 0.40% | | | 13:55 | USD | U. of Michigan Confidence Mar F | 73.6 | 73 | 72.5 | | | 15:30 | USD | Fed's Warsh Speaks | | -- | -- | | | 20:00 | USD | Fed's Bullard Speaks | | -- | -- | | | 22:00 | USD | Fed's Tarullo Speak | | -- | -- | | | -- | EUR | European Union Summit | | -- | | | 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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