| Action Insight Daily Report | EUR/AUD at New Record Low on RBA Hike and Renewed Greece Concern Australian dollar pared earlier loss and strengthens after RBA raised rates by 25bps to 4.25% today as widely expected. The is the fifth rate hike in six meetings. In the accompanying statement, RBA Governor Stevens reiterated that "interest rates to most borrowers have been somewhat lower than average," and since growth will "likely to be around trend and inflation close to target over the coming year,"it's appropriate for interest rates to be closer to average." There was some knee jerk reactions after the release but Aussie quickly gained footing and rebounds strongly across the board. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: EUR/USD - Buy At 1.3350 Although the single currency rose to 1.3591 last week, the subsequent retreat from there on dollar's broad-based strength suggests the rise from 1.3267 has formed a top there and weakness to 1.3384-91 (previous support and 61.8% Fibonacci retracement of 1.3267 to 1.3591) is likely, however, reckon minor support at 1.3345/50 would limit downside and 1.3318 (1.618 times projection of 1.3591-1.3461 measuring from 1.3528) should hold, bring another rebound later. Above resistance area at 1.3528-39 would signal the retreat from 1.3591 is over, then another leg of corrective upmove to this resistance would follow. Full Report Here... Trade Idea: USD/JPY - Buy At 92.75 Although the greenback surged to as high as 94.78 yesterday, as dollar has retreated from there on profit-taking, suggesting consolidation would take place and break of the Kijun-Sen (now at 93.77) would bring correction to 92.96 (previous resistance turned support), however, reckon the Ichimoku cloud top (now at 92.72) would attract renewed buying interest and bring another rally later this week. Above said resistance would extend upmove to 95.00 and possibly towards 95.50 but loss of upward momentum would prevent sharp move beyond latter level. Full Report Here... | | Featured Technical Report | Market Highlights | AUD/USD Daily Outlook Daily Pivots: (S1) 0.9191; (P) 0.9206; (R1) 0.9226; More AUD/USD dips to 0.9163 earlier today but quickly rebound. As noted before, while upside momentum is a bit unconvincing for the moment, we'd continue to favor more upside in AUD/USD for 0.9250 resistance first. Break will confirm that whole rally from 0.8577 has resumed and should target a retest on 0.9404 high next. On the downside, through, below 0.9163 minor support will argue that rebound from 0.9000 is completed and will flip intraday bias back to the downside for this support instead. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
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(%) | | GBPJPY | 142.89 | 144.29 | -140 | -0.98% | | EURJPY | 126.01 | 127.23 | -122 | -0.97% | | CHFJPY | 87.97 | 88.82 | -85 | -0.97% | | EURAUD | 1.4521 | 1.4632 | -111 | -0.76% | | GBPAUD | 1.6471 | 1.6596 | -125 | -0.76% | Last Updated: Apr 06, 07:10 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 06, 07:10 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 04:30 | AUD | RBA Interest Rate Decision | 4.25% | 4.25% | 4.00% | | | 05:00 | JPY | Leading Index Feb P | 97.9 | 97.8 | 96.7 | 96.9 | | 07:15 | CHF | CPI M/M Mar | | 0.10% | 0.10% | | | 07:15 | CHF | CPI Y/Y Mar | | 1.40% | 0.90% | | | 08:30 | EUR | Eurozone Sentix Investor Confidence Apr | | -5.2 | -7.5 | | | 08:30 | GBP | PMI Construction Mar | | 48.7 | 48.5 | | | 18:00 | USD | FOMC Meeting Minutes | | -- | -- | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors |  The World MoneyShow Hong Kong, April 21-23, 2010 at the Grand Hyatt Hong Kong! You'll meet legendary investment experts Steve Forbes, Mark Mobius, Marc Faber, Alexander Elder, John Bollinger, and many others. You will hear and profit from the experts' in-depth insights into global macroeconomics, equities, futures, forex, asset allocation, and more! Conference details and Registration! 
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