| Action Insight Mid-Day Report |
Mid-Day Report: AUD and CAD Strong on Risk Appetite, Euro Ranges Commodity currencies remain strong today as solid earnings results send stock futures higher while retail sales from US was also solid. USD/CAD dives through recent low of 0.9976 and reaches as low as 0.9960 so far. AUD/USD also climbs to as high as 0.9348 and is set to take on 0.9380 resistance. Yen remains generally soft on risk appetite but there is no decisive momentum to resume recent down trend yet. Meanwhile, Euro continues to stuck in range against dollar and sterling but is starting to look vulnerable against Swissy. Full Report Here... |
| Special Report |
Who Will Benefit from Revaluation in Yuan? US Treasury Secretary Timothy Geithner's unscheduled meeting to Beijing on April 8 and the postponement the deadline (originally on April 15) of a US review of China's currency policies rekindle speculations that the Chinese government will allow the Renminbi (RMB, CNY, Yuan) to appreciate. Full Report Here... |
| Elliott Wave Analysis |
Trade Idea: EUR/JPY - Hold Long Entered At 126.20 As aussie rebounded after holding above indicated support at 126.00 and the breach of resistance at 127.46 reinforces our bullishness for upmove to extend gain to 127.95 (wave i top) and then towards 128.50 and then 129.00. Full Report Here... Trade Idea: AUD/USD - Buy At 0.9180 Although aussie rebounded after falling to 0.9223 yesterday, break of resistance at 0.9389 (wave (i) top) is needed to signal upmove has resumed for retest of 0.9407, otherwise, further consolidation would take place. Below said support would bring retracement towards 0.9170/80 before prospect of another upmove in wave (iii) of 3 later. Full Report Here... |
| Featured Technical Report | Market Highlights |
USD/CAD Mid-Day Outlook Daily Pivots: (S1) 0.9987; (P) 1.0026; (R1) 1.0048; More. USD/CAD's break of 0.9976 support indicates that recent decline has resumed and further fall should now be seen to 61.8% projection of 1.0679 to 1.0062 from 1.0302 at 0.9921 next and then 0.9823 support. On the upside, break of 1.0104 resistance, however, will indicate that a short term bottom is at least formed with bullish convergence condition in 4 hours MACD. In such case, we'd expect stronger rebound to 1.0302 resistance and above. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | AUDNZD | 1.3091 | 1.3014 | +77 | +0.59% | | NZDUSD | 0.7108 | 0.7136 | -28 | -0.39% | | CADJPY | 93.41 | 93.08 | +33 | +0.35% | | AUDJPY | 86.87 | 86.57 | +30 | +0.35% | | NZDJPY | 66.33 | 66.50 | -17 | -0.26% | Last Updated: Apr 13, 06:30 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 13, 06:30 GMT |
| Economic Indicators Update |
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 21:00 | USD | ABC Consumer Confidence (APR 11) | -47 | -- | -43 | | | 22:45 | NZD | Retail Sales M/M Feb | -0.60% | 0.20% | 0.80% | 0.70% | | 22:45 | NZD | Retail Sales ex Auto M/M Feb | -0.90% | 0.40% | 0.30% | | | 23:00 | USD | Fed Chairman Bernanke Speaks | | -- | -- | | | 23:15 | USD | Fed Lacker Speaks | | -- | -- | | | 00:30 | AUD | Westpac Consumer Confidence Apr | -1.00% | -- | 0.20% | | | 06:30 | JPY | BoJ Governor Shirakawa Speak | | -- | -- | | | 09:00 | EUR | Eurozone Industrial Production M/M Feb | 0.90% | 0.10% | 1.70% | 1.60% | | 09:00 | EUR | Eurozone Industrial Production Y/Y Feb | 4.10% | 2.80% | 1.10% | 1.00% | | 12:30 | USD | Advance Retail Sales Mar | 1.60% | 1.10% | 0.30% | 0.50% | | 12:30 | USD | Retail Sales Less Autos Mar | 0.60% | 0.50% | 0.80% | 1.00% | | 12:30 | USD | CPI M/M Mar | 0.10% | 0.10% | 0.00% | | | 12:30 | USD | CPI Y/Y Mar | 2.30% | 2.40% | 2.10% | | | 12:30 | USD | CPI Core M/M Mar | 0.00% | 0.10% | 0.10% | | | 12:30 | USD | CPI Core Y/Y Mar | 1.10% | 1.20% | 1.30% | | | 13:30 | USD | Fed Pianalto Speaks | | -- | -- | | | 14:00 | USD | Fed Chairman Bernanke Testifies | | -- | -- | | | 14:00 | USD | Business Inventories Feb | | 0.30% | 0.00% | | | 14:30 | USD | Crude Oil Inventories | | 1.4M | 2.0M | | | 15:00 | USD | Fed Lacker Speaks | | -- | -- | | | 17:00 | USD | Fed Fisher Speaks | | -- | -- | | | 18:00 | USD | Fed Beige Book | | -- | -- | | |
| Suggested Readings |
Fundamental Highlights Technical Highlights |
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