| Action Insight Daily Report | Daily Report: Yen and Dollar Rebound in Directionless Trades Yen rebounds strongly today as Asian stocks are dragged down by concern of tightening after China said yesterday that it will raise the minimum downpayment on purchases of some residential property and free up more land for building to cool soaring housing costs. Dollar is also lifted mildly, in particular against Canadian dollar as crude oil dropped back below 85 level. Markets are lacking a clear direction for the moment and we would probably see more strength in dollar and yen as traders lighten up positions before the week closes. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: EUR/USD - Sell At 1.3635 Although the single currency recovered from yesterday's low of 1.3521 to this morning's high of 1.3586, as euro has fallen again partly due to cross selling against Japanese yen, suggesting consolidation with downside bias would be seen for weakness to the Ichimoku cloud top (now at 1.3494) but break of the lower Kumo (now at 1.3479) is needed to signal top has been formed at 1.3692 earlier and extend weakness to 1.3439 (61.8% Fibonacci retracement of 1.3282 to 1.3692) but reckon 1.3340/50 would hold from here. Full Report Here... Trade Idea: USD/CHF - Sell At 1.0680 Yesterday's strong rebound to 1.0612 suggests the fall from 1.0786 has formed a temporary low at 1.0503 and a break above the Ichimoku cloud bottom (now at 1.0610 would bring correction to 1.0678 (61.8% Fibonacci retracement of 1.0786 to 1.0503), however, as broad outlook is still consolidative, reckon 1.0700/10 would hold and bring another retreat later. A breach below 1.0503 support would signal the decline from 1.0899 top has resumed for eventual retest of 1.0435 later next week. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/JPY Daily Outlook Daily Pivots: (S1) 125.49; (P) 126.58; (R1) 127.35; More. EUR/JPY's break of 125.69 minor support indicates that consolidation from 127.88 is still in progress with current fall from 127.65 as the third leg. Intraday bias is on the downside and further decline could now be seen towards 123.41 support. Nevertheless, break of 121.05 support is needed to indicate that rebound from 119.64 is completed. Otherwise, another rise would remain mildly in favor. Above 126.68 minor resistance will flip intraday bias back to the upside for 127.88 resistance first. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPJPY | 142.64 | 144.13 | -149 | -1.04% | | EURJPY | 125.38 | 126.27 | -89 | -0.71% | | AUDJPY | 86.32 | 86.92 | -60 | -0.70% | | CHFJPY | 87.48 | 88.05 | -57 | -0.65% | | GBPUSD | 1.5395 | 1.5493 | -98 | -0.64% | Last Updated: Apr 16, 07:20 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 16, 07:20 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 01:00 | USD | Fed Janet Yellen Speaks | | -- | -- | | | 07:15 | CHF | Combined PPI M/M Mar | | 0.40% | -0.30% | | | 07:15 | CHF | Combined PPI Y/Y Mar | | -0.10% | -1.00% | | | 09:00 | EUR | Eurozone CPI M/M Mar | | 0.90% | 0.30% | | | 09:00 | EUR | Eurozone CPI Y/Y Mar | | 1.50% | 1.50% | | | 09:00 | EUR | Eurozone CPI - Core Y/Y Mar | | 0.90% | 0.80% | | | 09:00 | EUR | Eurozone Trade Balance (EUR) Feb | | 3.0B | 1.8B | | | 12:30 | CAD | Manufacturing Shipments M/M Feb | | 1.00% | 2.40% | | | 12:30 | CAD | New Motor Vehicle Sales M/M Feb | | 7.00% | 0.00% | | | 12:30 | USD | Housing Starts Mar | | 610K | 575K | | | 12:30 | USD | Building Permits Mar | | 625K | 612K | | | 13:00 | USD | Fed Warsh Speaks in New York City | | -- | -- | | | 13:55 | USD | U. of Michigan Confidence Apr P | | 75 | 73.6 | | | 17:00 | USD | Fed Hoenig Speaks in New York City | | -- | -- | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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