| Action Insight Mid-Day Report | Yen Sharply Lower as NFP Beats Expectations The Japanese yen is sold off sharply in early US session after slightly better than expected job report from US. Investors once again turn positive on economic recovery and bid up stocks futures. Dollar manages to climb against Euro and Swissy but the strength is so far limited as most major currencies are supported by buying in respective yen crosses. Indeed, Australian dollar rebounds strongly against US dollar as AUD/JPY rose sharply through 81 level. Crude oil also spikes higher to 81.34. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 119.10 Although near term sideways trading within the range of 119.66-121.90 is expected to continue as suggested in our previous update, as long as said upper range holds, recent decline may extend marginally in wave v and break of said support would extend weakness to 119.10 (approx. 50% projection of 125.24-119.66 measuring from 121.90) but reckon 118.45 (61.8% projection) should hold, bring rebound later. Full Report Here... Trade Idea: AUD/USD - Buy At 0.8865 As aussie retreated after early brief breach of 0.9072, suggesting further consolidation below 0.9086 would take place and retracement to 0.8900 cannot be ruled out, however, support at 0.8800 should remain intact and bring another rally later in wave iii. Break of said resistance would extend gain towards 0.9175 (previous support turned resistance) later. Full Report Here... | | Featured Technical Report | Market Highlights | USD/JPY Mid-Day Outlook Daily Pivots: (S1) 88.36; (P) 88.81; (R1) 89.47; More. USD/JPY's strong break of 89.51 resistance indicates that fall from 92.14 should have completed at 88.13 already. Intraday bias is now on the upside for near term falling trend line resistance, (now at 91.64). Break there will argue that fall from 93.74 has completed with three waves down to 88.13 and will turn focus to 92.14 resistance for confirmation. On the downside, below 89.31 minor support will indicate that rebound from 88.13 is completed and will turn bias back to the downside. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 62.46 | 61.11 | +135 | +2.16% | | AUDJPY | 81.59 | 80.11 | +148 | +1.81% | | CADJPY | 87.65 | 86.28 | +137 | +1.56% | | GBPJPY | 135.34 | 133.81 | +153 | +1.13% | | USDJPY | 90.04 | 89.03 | +101 | +1.12% | Last Updated: Mar 05, 14:30 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 05, 14:30 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 09:30 | GBP | PPI Input M/M Feb | 0.10% | 0.10% | 2.00% | 1.30% | | 09:30 | GBP | PPI Input Y/Y Feb | 6.90% | 7.80% | 8.40% | 7.70% | | 09:30 | GBP | PPI Output M/M Feb | 0.30% | 0.20% | 0.40% | | | 09:30 | GBP | PPI Output Y/Y Feb | 4.10% | 4.00% | 3.80% | | | 09:30 | GBP | PPI Output Core Y/Y Feb | 2.90% | 2.80% | 2.50% | 2.60% | | 11:00 | EUR | German Factory Orders M/M Jan | 4.30% | 1.30% | -2.30% | -1.60% | | 11:00 | EUR | German Factory Orders Y/Y Jan | 19.60% | 15.40% | 8.40% | 7.30% | | 13:30 | USD | Change in Non-Farm Payrolls Feb | -36K | -40K | -20K | -26K | | 13:30 | USD | Unemployment Rate Feb | 9.70% | 9.80% | 9.70% | | | 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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