| Action Insight Mid-Day Report | Euro Climbs on Strong CPI, Dollar Tumbles on ADP Disappointment Euro reversed earlier loss after a string of strong data and more buying is seen in early US session after disappointment from ADP job report. Markets expected 40k expansion in the private job market in March but the data showed -23k contraction instead. Dollar is sharply lower against European majors and was even lower against yen but remains steady against Aussie. There is also additional pressure to the dollar from Crude oil which broke recent high of 83.16 to resume the up trend. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 124.40 As euro has risen again after finding renewed buying interest above overnight support at 124.31, suggesting the wave iii upmove is still in progress and further gain to 126.40/50 would be seen, however, overbought condition should limit upside to 127.02 (50% Fibonacci retracement). Full Report Here... Trade Idea: AUD/USD - Buy At 0.9120 Although aussie's retreat from this week's high of 0.9218 suggests first leg og wave 3 has ended there and consolidation would be seen, pullback should be limited to 0.9110 (50% Fibonacci retracement of 0.9001-0.9218) and bring another rally later. Above said resistance would bring retest of wave 1 top at 0.9253 and break there would confirm wave 3 is underway towards resistance at 0.9331later. Full Report Here... | | Featured Technical Report | Market Highlights | GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.4985; (P) 1.5055; (R1) 1.5138; More GBP/USD's rise extends further to as high as 1.5184 so far today and intraday bias remains on the upside for 1.5381 resistance. Note that rise from 1.4798 is treated as the third leg of consolidation pattern that started at 1.4783 and hence, 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 1.5042 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
(%) | | CHFJPY | 88.20 | 86.95 | +125 | +1.42% | | CADJPY | 92.06 | 90.91 | +115 | +1.25% | | GBPJPY | 141.51 | 139.75 | +176 | +1.24% | | EURJPY | 125.91 | 124.41 | +150 | +1.19% | | AUDCAD | 0.9281 | 0.9379 | -98 | -1.06% | Last Updated: Mar 31, 11:45 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 31, 11:45 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:01 | GBP | GfK Consumer Confidence Survey Mar | -15 | -13 | -14 | | | 00:30 | AUD | Retail Sales M/M Feb | -1.40% | 0.30% | 1.20% | 1.10% | | 06:00 | JPY | Housing Starts Y/Y Feb | -9.30% | -0.80% | -8.10% | | | 07:55 | EUR | German Unemployment Change Mar | -31K | 8K | 7K | | | 07:55 | EUR | German Unemployment Rate Mar | 8.00% | 8.20% | 8.20% | 8.10% | | 09:00 | EUR | Eurozone Unemployment Rate Feb | 10.00% | 10.00% | 9.90% | | | 09:00 | EUR | Eurozone CPI Estimate Y/Y Mar | 1.50% | 1.10% | 0.90% | | | 09:30 | CHF | KOF Leading Indicator Mar | 1.93 | 1.9 | 1.87 | 1.9 | | 12:15 | USD | ADP Employment Change Mar | -23K | 40K | -20K | -24K | | 12:30 | CAD | GDP M/M Jan | 0.60% | 0.50% | 0.60% | | | 13:45 | USD | Chicago PMI Mar | | 61 | 62.6 | | | 14:00 | USD | Factory Orders Feb | | 0.50% | 1.70% | | | 14:30 | USD | Crude Oil Inventories | | 2.4M | 7.3M | | | | 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! 
| |
No comments:
Post a Comment