| Action Insight Mid-Day Report | Streling Lifted by GDP Revision, Euro Lost Steam Sterling rises strongly today, boosted by upward revision in Q4 GDP as well as stronger than expected house price data. Meanwhile, Euro's recovery lost steam as the day goes, dragged down by Greece seven-year notes which fell on the first day of trading. Dollar remains soft, in particular against commodity currencies and more selling could be seen as fresh round of selling is found in USD/CAD in early US session. Crude oil and gold are steady around 82 and 1100 respectively which help stabilize the greenback. Data released from US saw S&P case shiller 20 city hour price dropped -0.7% yoy in January. Conference Board consumer confidence rose to 52.5 in March. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: EUR/JPY - Buy At 123.90 Despite intra-day rise to 125.47, as the single currency has retreated, suggesting a temporary top has been formed and correction to 124.11 (yesterday's low) cannot be ruled out, however, renewed buying interest should emerge around 123.90/95 (approx. 38.2% Fibonacci retracement of 121.41 to 125.47) and bring another rally later. Above said resistance would extend recent upmove in wave iii for headway towards 126.00 first. Full Report Here... Trade Idea: AUD/USD - Buy At 0.9120 Aussie's breach of indicated resistance at 0.9199 signals the wave 2 correction from 0.9253 has indeed ended at 0.9001 earlier and bullishness remains for a retest of this level, break there would confirm wave 3 is underway towards resistance at 0.9331first. Full Report Here... | | Featured Technical Report | Market Highlights | GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.4913; (P) 1.4965; (R1) 1.5040; More GBP/USD rises further to as high as 1.5058 so far today and intraday bias remains on the upside for further rally. As discussed before, rise from 1.4798 is treated as the third leg of consolidation from 1.4783 is could extend further to test 1.5381 resistance However, , upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 to conclude the consolidation and bring down trend resumption. On the downside, below 1.4958 minor support will flip intraday bias back to the downside. Decisive break of 1.4783 low will confirm that whole decline from 1.6456 has resumed and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPJPY | 140.25 | 138.55 | +170 | +1.21% | | EURGBP | 0.8895 | 0.8994 | -99 | -1.11% | | GBPCHF | 1.6091 | 1.5919 | +172 | +1.07% | | CADJPY | 91.33 | 90.52 | +81 | +0.89% | | GBPUSD | 1.5111 | 1.4987 | +124 | +0.82% | Last Updated: Mar 30, 14:10 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 30, 14:10 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:30 | JPY | Unemployment Rate Feb | 4.90% | 4.90% | 4.90% | | | 23:30 | JPY | Household Spending Y/Y Feb | -0.50% | 1.50% | 1.70% | | | 23:50 | JPY | Industrial Production M/M Feb P | -0.90% | -0.50% | 2.70% | | | 23:50 | JPY | Industrial Production Y/Y Feb P | 31.30% | 31.70% | 18.50% | | | 06:00 | EUR | German Import Price Index M/M Feb | 1.00% | 0.40% | 1.70% | | | 06:00 | EUR | German Import Price Index Y/Y Feb | 2.60% | 2.00% | 1.40% | | | 06:00 | CHF | UBS Consumption Indicator Feb | 1.2 | -- | 1.36 | 1.32 | | 08:30 | GBP | GDP Q/Q Q4 F | 0.40% | 0.30% | 0.30% | | | 08:30 | GBP | GDP Y/Y Q4 F | -3.30% | -3.30% | -3.30% | | | 08:30 | GBP | Current Account (GBP) Q4 | -1.7B | -5.1B | -4.7B | -5.91B | | 12:30 | CAD | Industrial Product Price M/M Feb | 0.10% | 0.00% | 0.30% | 0.40% | | 12:30 | CAD | Raw Materials Price Index M/M Feb | 0.40% | -1.00% | 3.30% | 3.40% | | 13:00 | USD | S&P/Case-Shiller Composite-20 Y/Y Jan | -0.70% | -0.60% | -3.10% | | | 14:00 | USD | Consumer Confidence Mar | 52.5 | 50 | 46 | | | | 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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