| Action Insight Daily Report |
Risk Appetite Back but Kiwi Lags Markets are back into risk seeking mode as yen and dollar weakens across the board today. In particular, EUR/JPY breaks this week's high of 127.44 is set to take on 127.88 resistance which EUR/USD is heading towards 1.3691 level. Commodity currencies are also firm with USD/CAD dipping through parity again and is heading to recent low of 0.9976. Nevertheless, New Zealand dollar is lagging behind on poor retail sales report which showed -0.6% mom contraction in February. 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 the single currency rebounded after falling to 1.3545 yesterday, break of resistance at 1.3692 is needed to signal the rise from recent low of 1.3267 has resumed and bring stronger retracement of early decline to 1.3769 (38.2% Fibonacci retracement of 1.4580 to 1.3267), otherwise, further consolidation would take place. Full Report Here... Trade Idea: USD/JPY - Buy At 93.00 Despite yesterday's fall to 92.57, as dollar found decent demand there and staged a strong rebound, suggesting pullback from 94.78 has possibly ended there and consolidation with upside bias is seen for gain to 93.79/82 (previous minor resistance at current level of the Ichimoku cloud top) but break of resistance at 94.27 is needed to confirm upmove from 84.82 has resumed for retest of recent high at 94.78 later this week. Full Report Here... |
| Featured Technical Report | Market Highlights |
EUR/JPY Daily Outlook Daily Pivots: (S1) 126.00; (P) 126.54; (R1) 127.39; More. EUR/JPY 's break of 127.44 indicates that rise fro 123.41 has resumed and flips intraday bias back to the upside for 127.88 resistance. Break there will confirm that whole rally from 119.64 has resumed too and should target 100% projection of 121.05 to 127.88 from 123.41 at 130.24 next. On the downside, below 125.69 will indicate that consolidation from 127.88 is still in progress and more choppy sideway trading would be seen first before another rally. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | AUDNZD | 1.3091 | 1.3014 | +77 | +0.59% | | NZDUSD | 0.7108 | 0.7136 | -28 | -0.39% | | CADJPY | 93.41 | 93.08 | +33 | +0.35% | | AUDJPY | 86.87 | 86.57 | +30 | +0.35% | | NZDJPY | 66.33 | 66.50 | -17 | -0.26% | 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 | | 21:00 | USD | ABC Consumer Confidence (APR 11) | -47 | -- | -43 | | | 22:45 | NZD | Retail Sales M/M Feb | -0.60% | 0.20% | 0.80% | 0.70% | | 22:45 | NZD | Retail Sales ex Auto M/M Feb | -0.90% | 0.40% | 0.30% | | | 23:00 | USD | Fed Chairman Bernanke Speaks | | -- | -- | | | 23:15 | USD | Fed Lacker Speaks | | -- | -- | | | 00:30 | AUD | Westpac Consumer Confidence Apr | -1.00% | -- | 0.20% | | | 06:30 | JPY | BoJ Governor Shirakawa Speak | | -- | -- | | | 09:00 | EUR | Eurozone Industrial Production M/M Feb | | 0.10% | 1.70% | | | 09:00 | EUR | Eurozone Industrial Production Y/Y Feb | | 2.80% | 1.40% | | | 12:30 | USD | Advance Retail Sales Mar | | 1.10% | 0.30% | | | 12:30 | USD | Retail Sales Less Autos Mar | | 0.50% | 0.80% | | | 12:30 | USD | CPI M/M Mar | | 0.10% | 0.00% | | | 12:30 | USD | CPI Y/Y Mar | | 2.40% | 2.10% | | | 12:30 | USD | CPI Core M/M Mar | | 0.10% | 0.10% | | | 12:30 | USD | CPI Core Y/Y Mar | | 1.20% | 1.30% | | | 13:30 | USD | Fed Pianalto Speaks | | -- | -- | | | 14:00 | USD | Fed Chairman Bernanke Testifies | | -- | -- | | | 14:00 | USD | Business Inventories Feb | | 0.30% | 0.00% | | | 14:30 | USD | Crude Oil Inventories | | 1.4M | 2.0M | | | 15:00 | USD | Fed Lacker Speaks | | -- | -- | | | 17:00 | USD | Fed Fisher Speaks | | -- | -- | | | 18:00 | USD | Fed Beige Book | | -- | -- | | |
| Suggested Readings |
Fundamental Highlights Technical Highlights |
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