| Action Insight Daily Report | Dollar and Yen Extends Rally, Gold Sachs to Face Probes from UK and Germany Dollar and yen extends Friday's rally as Asian stocks fall broadly on news that Germany and UK would probably follow SEC in US and take legal steps against Goldman Sachs. UK Prime Mister Brown said he's shocked at the "moral bankruptcy" indicated in the suit from SEC to Goldman Sachs and demanded FSA to start an inquiry. German Prime Minister Merkel's spokesman said the government will ask SEC for information, look at the records and consider possibly legal steps. Markets are concerned that Goldman Sachs would face wave of legal charges from investors and regulatory authorities around the world. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: USD/CHF - Sell At 1.0750 Although the greenback has continued to move higher and price just broke above the Ichimoku cloud top, as broad outlook is still consolidative, sharp rise beyond 1.0750/55 is not expected and price should falter well below resistance at 1.0786, bring another retreat later. Below the Tenkan-Sen (now at 1.0616) would be the first sign that rebound has possibly ended but a sustain breach below the Kijun-Sen (now at 1.0583) is needed to confirm and bring another test of 1.0503 support later. A break below this support would signal the decline from 1.0899 top has resumed for eventual retest of 1.0435. Full Report Here... Trade Idea: GBP/USD - Sell At 1.5305 The British pound tumbled this morning after breaking indicated support area at 1.5320-35 on active cross-selling in GBPJPY due to risk aversion and this selloff confirms top has been formed at 1.5524 last week and downside bias remains for further weakness towards key support at 1.5130. Break there would signal entire correction from 1.4781 low has ended and then weakness towards 1.5065 (61.8% Fibonacci retracement of 1.4781 to 1.5524) would be seen next but reckon 1.5000 would hold from here. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CAD Daily Outlook Daily Pivots: (S1) 1.0032; (P) 1.0098; (R1) 1.0192; More. USD/CAD edges higher to 1.0169 so far and rebound from 0.9952 is still in progress. As discussed before, a short term bottom is at least formed at 0.9952 on bullish convergence condition in 4 hours MACD. INtraday bias remains on the upside for the moment and further rise should be seen towards 1.0302 resistance next. On the downside, below 1.0100 minor support will turn intraday bias neutral first. However, as we're not expecting a new low below 0.9952 in near term, any retreat should be contained above this low and bring rebound resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPJPY | 139.74 | 141.58 | -184 | -1.32% | | AUDJPY | 84.19 | 85.18 | -99 | -1.18% | | CADJPY | 90.18 | 90.98 | -80 | -0.89% | | CHFJPY | 86.10 | 86.83 | -73 | -0.85% | | EURJPY | 123.40 | 124.44 | -104 | -0.84% | Last Updated: Apr 16, 13:25 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 16, 13:25 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:01 | GBP | Rightmove House Prices M/M Apr | 2.60% | -- | 0.10% | | | 23:01 | GBP | Rightmove House Prices Y/Y Apr | 6.00% | -- | 5.30% | | | 5:00 | JPY | Consumer Confidence Households Mar | 40.9 | 39.8 | 39.8 | | | 12:30 | CAD | International Securities Transactions (CAD) Feb | | -- | 11.830B | | | 13:00 | USD | Fed Evans Speaks | | -- | -- | | | 13:00 | USD | Fed Chairman Bernanke Speaks | | -- | -- | | | 14:00 | USD | Leading Indicators Mar | | 1.00% | 0.10% | | | 20:00 | USD | Fed Duke Speaks | | -- | -- | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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