| Action Insight Mid-Day Report | Dollar Rebounds as China Comments Sent Gold Down, Sterling and Euro Weak Dollar rebounded strongly in European session as Gold was hit to as low as 1115 following comments from China. Yi Gang, director of China's State Administration of Foreign Exchange said that whole gold is "not a bad asset", the ability to have more investment in gold is limited by "a few factors". Yi said that return on gold in the past 30 years hasn't been great. Also, gold will unlikely be a primary investment for China's reserves. Gold extended the fall from last week's high of 1145.8 and dipped to as low as 1115.3 so far. Meanwhile, dollar index was given a boost to 80.80. Full Report Here... | | Special Report | RBNZ to Hold Monetary Policy Unchanged. Focus on the Quarterly MPS The RBNZ will likely leave the OCR at 2.5%, for the 11th month, at the March meeting. Therefore, the market will focus on the Monetary Policy Statement as well as how the central bank describe economic outlook. On the whole, we expect the RBNZ will deliver a neutral tone, if not slightly more dovish than January's, on the outlook as economic data released in recent weeks were rather mixed. The post- meeting statement should retain the reference that 'we would expect to begin removing policy stimulus around the middle of 2010'. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 120.90 Although euro's retreat from yesterday's high of 123.90 turned out to be stronger than expected and weakness to 120.90/00 cannot be ruled out, as we are keeping our view that wave v has ended at 119.66 earlier, downside should be limited and as long as 120.30 holds, prospect of another rally remains and above 123.00/10 would signal the retreat from 123.90 has ended, then retest of this level would be seen later. Full Report Here... Trade Idea: AUD/USD - Buy At 0.9000 As aussie retreated after faltering below yesterday's high at 0.9134, suggesting further consolidation would take place and whilst pullback to 0.9000/05 (approx. 38.2% Fibonacci retracement o 0.8800 to 0.9134) cannot be ruled out, reckon 0.8967 (50% Fibonacci retracement) would hold and bring another rally later. Above said resistance would extend gain to 0.9175 (previous support turned resistance), break there would encourage for further rise to 0.9200. Full Report Here... | | Featured Technical Report | Market Highlights | GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.4998; (P) 1.5097; (R1) 1.5163; More GBP/USD's break of 1.4992 minor support indicates that recovery from 1.4783 has completed at 1.5194 already, after hitting 4 hours 55 EMA. Intraday bias is flipped back to the downside. Break of 1.4783 will confirm fall resumption and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. On the upside, above 1.5194 delay the bearish case and bring more consolidations. But upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPJPY | 134.24 | 136.03 | -179 | -1.33% | | EURJPY | 121.63 | 123.11 | -148 | -1.22% | | CHFJPY | 83.15 | 84.13 | -98 | -1.18% | | NZDJPY | 62.61 | 63.27 | -66 | -1.05% | | CADJPY | 87.12 | 87.89 | -77 | -0.88% | Last Updated: Mar 09, 13:50 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Mar 09, 13:50 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 0:01 | GBP | BRC Retail Sales Monitor Y/Y Feb | 2.20% | -- | -0.70% | | | 0:01 | GBP | RICS House Price Balance Feb | 17% | 34% | 32% | 31% | | 0:30 | AUD | NAB Business Confidence Feb | 19 | -- | 15 | | | 5:00 | JPY | Leading Index Jan P | 97.1 | 96.9 | 94 | 94.7 | | 6:00 | JPY | Machine Tool Orders Y/Y Feb P | 217.30% | -- | 192.00% | 189.40% | | 8:15 | CHF | CPI M/M Feb | 0.10% | 0.20% | -0.10% | | | 8:15 | CHF | CPI Y/Y Feb | 0.90% | 1.00% | 1.00% | | | 9:30 | GBP | Visible Trade Balance (GBP) Jan | -8.0B | -6.9B | -7.3B | -7.0B | | | 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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