| Action Insight Daily Report | Yen Crosses Broadly Lower as Treasury Yield Tumbled Yen crosses were broadly lower overnight following sharp fall in treasury yields which saw yield on 10-year notes down to 3.83%, comparing to this week's high of 4.013%. The move was triggered by surprisingly good auction results of 1o year notes, which was sold at a yield of 3.90%. The bid-to-cover ratio was a a record of 3.72, which indicates strong demand for US treasuries. Also, it's the second time that yield on 10 year notes failed to stand above 4.00% since last November. We'd probably see more yen strength in near term going forward. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: EUR/USD - Sell At 1.3425 As the single currency has fallen after brief recovery, suggesting early decline would resume for a retest of recent low at 1.3267, however, break there is needed to confirm and extend weakness to 1.3246 (50% projection of 1.4580-1.3433 measuring from 1.3819) and then towards 1.3200, however, near term oversold condition would prevent sharp fall below 1.3150 and 1.3100/10 (approx. 61.8% projection of 1.4580-1.3433 measuring from 1.3819) should hold, bring correction later. Full Report Here... Trade Idea: USD/JPY- Buy At 92.75 The greenback fell again after meeting renewed selling at 94.27 yesterday as suggested in our previous update and although initial downside bias remains for retracement of recent rise to 92.85/86 (approx. 38.2% Fibonacci retracement of 89.75-94.78), support at 92.12 should hold and bring another rebound later. A breach of said yesterday's high at 94.27 would signal the pullback from 94.78 is over and retest of this level would follow but break there is needed to confirm recent upmove has resumed and extend gain to 95.00 and then towards 95.50. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CAD Daily Outlook Daily Pivots: (S1) 1.0004; (P) 1.0032; (R1) 1.0090; More. USD/CAD failed to sustain below parity and the break of 1.0470 minor resistance indicates that a temporary low is in place at 0.9976. Some consolidations should now be seen but still, break of 1.0302 resistance is needed to indicate that USD/CAD has bottomed out. Otherwise, another fall would remain in favor. Below 0.9976 will target 0.9823 support next. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
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(%) | | NZDJPY | 65.54 | 65.96 | -42 | -0.64% | | GBPJPY | 141.41 | 142.22 | -81 | -0.57% | | NZDUSD | 0.7035 | 0.7066 | -31 | -0.44% | | EURJPY | 124.02 | 124.55 | -53 | -0.43% | | CHFJPY | 86.56 | 86.92 | -36 | -0.42% | Last Updated: Apr 08, 06:45 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 08, 06:45 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | Current Account Total (JPY) Feb | 1.12T | 1.25T | 1.71T | | | 23:50 | JPY | Machine Orders M/M Feb | -5.40% | 3.70% | -3.70% | | | 23:50 | JPY | Machine Orders Y/Y Feb | -7.10% | 2.10% | -1.10% | | | 01:30 | AUD | Employment Change Mar | 19.6K | 20.1K | 0.4K | -4.7K | | 01:30 | AUD | Unemployment Rate Mar | 5.30% | 5.30% | 5.30% | | | 05:00 | JPY | BoJ Monthly Report | | -- | -- | | | 05:45 | CHF | Unemployment Rate Mar | | 4.10% | 4.10% | | | 06:00 | JPY | Machine Tool Orders Y/Y Mar P | | -- | 217.40% | | | 08:30 | GBP | Industrial Production M/M Feb | | 0.50% | -0.40% | | | 08:30 | GBP | Industrial Production Y/Y Feb | | -0.50% | -1.50% | | | 08:30 | GBP | Manufacturing Production M/M Feb | | 0.60% | -0.90% | | | 08:30 | GBP | Manufacturing Production Y/Y Feb | | 0.80% | 0.20% | | | 09:00 | EUR | Eurozone Retail Sales M/M Feb | | 0.00% | -0.30% | | | 09:00 | EUR | Eurozone Retail Sales Y/Y Feb | | -0.40% | -1.30% | | | 10:00 | EUR | German Industrial Production M/M Feb | | 1.00% | 0.60% | | | 11:00 | GBP | BoE Interest Rate Decision | | 0.50% | 0.50% | | | 11:00 | GBP | BoE Asset Purchase Target | | 200B | 200B | | | 11:45 | EUR | ECB Interest Rate Decision | | 1.00% | 1.00% | | | 12:30 | EUR | ECB Press Conference | | -- | -- | | | 12:30 | USD | Initial Jobless Claims | | 433K | 439K | | | 12:30 | USD | Fed's Duke Speaks | | -- | -- | | | 14:30 | USD | Natural Gas Storage | | 29B | 12B | | | 14:30 | USD | Fed's Tarullo Speaks | | -- | -- | | | 18:45 | USD | Fed's Kocherlakota Speaks | | -- | -- | | | 20:00 | USD | Fed's Kohn Speaks | | -- | -- | | | -- | GBP | NIESR GDP Estimate Mar | | -- | 0.30% | | | | 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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