| Action Insight Daily Report |
Euro Consolidates ahead of Greek Bond Auction, Yen Higher Euro continues to digest this week's sharp gain against major currencies as markets are awaiting auction of EUR 1.2b Greece treasury bills to help pay more than EUR 2b of short-term debt. This is viewed as the first test of confidence on Greece after EU's announcement of a EUR 45b aid package over the weekend. Later in April, there will be an even more important test as Greece seeks to sell $5b to $10b of bonds that aim at US investors. The results of these auctions will be important in determining the momentum of the rebound in Euro. Full Report Here... |
| Special Report |
Who Will Benefit from Revaluation in Yuan? US Treasury Secretary Timothy Geithner's unscheduled meeting to Beijing on April 8 and the postponement the deadline (originally on April 15) of a US review of China's currency policies rekindle speculations that the Chinese government will allow the Renminbi (RMB, CNY, Yuan) to appreciate. Full Report Here... |
| Candlesticks & Ichimoku Analysis |
Trade Idea: EUR/USD - Buy At 1.3535 Although yesterday's retreat from 1.3692 suggests minor top is formed and consolidation would take place, reckon renewed buying interest would merge around 1.3535 (38.2% Fibonacci retracement of 1.3282 to 1.3692) and the Kijun-Sen (now at 1.3487, this is also the 50% Fibonacci retracement level) should hold, bring another upmove later. Above said resistance would extend the rise from 1.3267 low for a stronger retracement of early decline to 1.3769 (38.2% Fibonacci retracement of 1.4580 to 1.3267) but 1.3819 resistance should cap upside. Full Report Here... Trade Idea: USD/JPY - Stand Aside This morning's breach of indicated support 92.83 has dampened our bullishness and signal temporary top has been formed at 94.78 earlier and correction of recent rise to support at 92.12 is now underway, however, reckon 91.67 (61.8% Fibonacci retracement of 89.75 to 94.78) would limit downside and support at 91.09 (previous resistance turned support) would remain intact and bring another upmove later this week. Full Report Here... |
| Featured Technical Report | Market Highlights |
USD/JPY Daily Outlook Daily Pivots: (S1) 92.89; (P) 93.25; (R1) 93.61; More. USD/JPY drops to as low as 92.57 so far today and the break of 92.82 support indicates that correction from 94.68 has resumed. Intraday bias is now on the downside for deeper correction towards 61.8% retracement of 89.83 to 94.68 at 91.68. On the upside, break of 93.77 resistance will indicate that fall from 94.68 is completed and will then flip intraday bias back to the upside for retesting this high. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | AUDJPY | 85.86 | 86.46 | -60 | -0.70% | | CADJPY | 92.42 | 93.00 | -58 | -0.63% | | EURJPY | 126.12 | 126.73 | -61 | -0.48% | | USDJPY | 92.83 | 93.25 | -42 | -0.45% | | AUDNZD | 1.2960 | 1.3018 | -58 | -0.45% | Last Updated: Apr 13, 06:30 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 13, 06:30 GMT |
| Economic Indicators Update |
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:01 | GBP | BRC Retail Sales Monitor Mar | 4.40% | -- | 2.20% | | | 23:01 | GBP | RICS House Price Balance Mar | 9% | 18% | 17% | 18% | | 23:50 | JPY | Domestic CGPI Y/Y Mar | -1.30% | -1.10% | -1.50% | -1.60% | | 01:30 | AUD | NAB Business Confidence Mar | 16 | -- | 19 | | | 06:00 | EUR | German CPI M/M Mar F | | 0.50% | 0.50% | | | 06:00 | EUR | German CPI Y/Y Mar F | | 1.10% | 1.10% | | | 06:00 | EUR | German WPI M/M Mar | | 0.50% | 0.10% | | | 08:30 | GBP | Visible Trade Balance (GBP) Feb | | -7.3B | -8.0B | | | 08:30 | GBP | DCLG UK House Prices Y/Y Feb | | -- | 6.20% | | | 12:30 | CAD | Trade Balance (CAD) Feb | | 0.4B | 0.8B | | | 12:30 | CAD | New Housing Price Index M/M Feb | | 0.50% | 0.40% | | | 12:30 | USD | Trade Balance Feb | | -$38.8B | -$37.3B | | | 12:30 | USD | Import Price Index M/M Mar | | 0.90% | -0.30% | | |
| Suggested Readings |
Fundamental Highlights Technical Highlights |
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