| Action Insight Daily Report | Daily Report: Dollar and Yen on Defensive, Sterling Lifted by Poll Results Dollar and yen remain on defensive after strong data from China reinforced the view that global recovery is gaining momentum. Commodity currencies are firm as usual in risk seeking market sentiments. On the other hand, Sterling is also noticeably strong as election poll showed some stabilization in the political situation in UK. Euro continues to tread water against dollar but is soft against European majors. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: USD/CHF - Sell At 1.0635 Despite intra-day fall to 1.0508, as yesterday's low at 1.0503 has continued to hold, current rebound suggests further consolidation would take place and retracement to 1.0610/15 (approx. 38.2% Fibonacci retracement of 1.0786 to 1.0503 and the current level of the Ichimoku cloud bottom) cannot be ruled out, however, renewed selling should emerge around the Kijun-Sen (now at 1.0633) and bring another decline later. A firm break indicated support at 1.0500/03 would confirm the decline from 1.0899 top has resumed for eventual retest of 1.0435. Full Report Here... Trade Idea: GBP/USD - Sell At 1.5650 Although cable's breach of 1.5486 resistance signals recent rise from 1.4781 low is still in progress for a stronger retracement of early decline to 1.5530/40, loss of upward momentum should prevent sharp move beyond 1.5575-82 (previous resistance and 38.2% Fibonacci retracement of 1.6879 to 1.4781) and reckon selling interest would emerge around 1.5652 ((100% projection of 1.4798 to 1.5320 measuring from 1.5130) and bring retreat later. Below the Tenkan-Sen (now at 1.5443) would be the first sign that a temporary top is possibly formed and bring test of the Kijun-Sen (now at 1.5396) but break of support at 1.5335 is needed to confirm. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/GBP Daily Outlook Daily Pivots: (S1) 0.8800; (P) 0.8832; (R1) 0.8858; More. EUR/GBP's break of 0.8802 minor support suggests that recovery from 0.8704 is completed. Intraday bias is flipped back to the downside and whole decline from 0.9137 is possibly resuming for 0.8601/62 support zone. However, note that such fall is treated as the fifth leg of the consolidation pattern that started at 0.9799. Hence, downside should be contained by this 0.8601/62 support zone to conclude the consolidation finally. On the upside, break of 0.8887 support turned resistance will indicate that such fall has completed and will bring stronger rally to retest 0.9132 next. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | EURJPY | 126.62 | 127.28 | -66 | -0.52% | | EURGBP | 0.8783 | 0.8827 | -44 | -0.50% | | EURUSD | 1.3596 | 1.3653 | -57 | -0.42% | | CHFJPY | 88.25 | 88.61 | -36 | -0.41% | | GBPCHF | 1.6330 | 1.6264 | +66 | +0.40% | Last Updated: Apr 15, 07:50 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 15, 07:50 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 22:30 | NZD | Business NZ Performance of Manufacturing Index Mar | 56.3 | -- | 53.3 | 53.6 | | 23:00 | USD | Fed Sack Speaks | | -- | -- | | | 23:01 | GBP | Nationwide Consumer Confidence Mar | 72 | 81 | 80 | 81 | | 01:00 | AUD | Consumer Inflation Expectation Apr | 4.10% | -- | 3.20% | | | 04:30 | JPY | Industrial Production M/M Feb F | | -0.90% | -0.90% | | | 04:30 | JPY | Industrial Production Y/Y Feb F | | 31.30% | 31.30% | | | 08:00 | EUR | ECB Monthly Report | | -- | -- | | | 12:30 | USD | Empire State Manufacturing Apr | | 24 | 22.86 | | | 12:30 | USD | Initial Jobless Claims | | 440K | 460K | | | 13:00 | USD | Net Long-term TIC Flows Feb | | 39.2B | 19.1B | | | 13:15 | USD | Industrial Production Mar | | 0.70% | 0.10% | | | 13:15 | USD | Capacity Utilization Mar | | 73.30% | 72.70% | | | 14:00 | USD | Philly Fed Survey Apr | | 20 | 18.9 | | | 14:30 | USD | Natural Gas Storage | | 81B | 31B | | | 14:30 | USD | Fed Lacker Speaks | | -- | -- | | | 16:15 | USD | Fed Bullard | | -- | -- | | | 17:00 | USD | NAHB Housing Market Index Apr | | 16 | 15 | | | 17:40 | USD | Fed Lockhart Speaks | | -- | -- | | | 19:00 | USD | Former Fed Chairman Volcker Speaks | | -- | -- | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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