| Action Insight Mid-Day Report | Dollar Edges Up on Strong Housing Data Dollar edges up in early US session after better than expected housing data. Housing starts climbed 1.6% to 626k annualized rate in March while building permits rose an impressive 7.5% to 685k annualized rate, highest level since October 2008. Together with NAHB housing market index, which jumped sharply from 15 to 19 in April, the data eased concern of a double dip recession in the US housing markets and suggest that recovery might regain momentum going forward. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 124.40 Although euro rebounded after intra-day fall to 125.08 (just held above indicated 61.8% retracement level at 125.06), above resistance at 126.69 (previous resistance and 61.8% Fibonacci retracement of 127.69 to 125.08) is needed to signal retreat from 127.69 has ended at 125.08 and bring test of this resistance, however, only above resistance at 127.95 (wave i top) would confirm upmove has resumed in wave iii to 128.50 and 129.00. Full Report Here... Trade Idea: AUD/USD - Buy At 0.9170 Although aussie rebounded after intra-day fall to 0.9285, above resistance at 0.9389 is needed to signal upmove has resumed in wave (iii) for retest of chart resistance at 0.9407, then 0.9450, otherwise, further consolidation would take place. Below said intra-day minor support at 0.9285 would bring c leg of wave (ii) to 0.9195 (50% Fibonacci retracement of wave (i) from 0.9001) but 0.9149 (61.8% Fibonacci retracement) should hold, bring another rally later. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CHF Mid-Day Outlook Daily Pivots: (S1) 1.0509; (P) 1.0560; (R1) 1.0615; More. USD/CHF's break of 1.0615 suggests that fall from 1.0785 is completed. Intraday bias is flipped back to the upside for 1.0785 resistance first. As discussed before, correction from 1.0897 should have completed with three waves down to 1.0434. Break of 1.0785 will affirm this case and bring retest of 1.0897. On the downside, below 1.0555 will delay the bullish view and bring another fall. Nevertheless, we'd still expect downside to be contained above 1.0434 support and bring strong rebound. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | EURJPY | 125.19 | 126.27 | -108 | -0.86% | | CHFJPY | 87.30 | 88.05 | -75 | -0.86% | | AUDJPY | 86.20 | 86.92 | -72 | -0.84% | | GBPJPY | 142.97 | 144.13 | -116 | -0.81% | | CADJPY | 92.21 | 92.83 | -62 | -0.67% | 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 | | 01:00 | USD | Fed Janet Yellen Speaks | | -- | -- | | | 07:15 | CHF | Combined PPI M/M Mar | 0.50% | 0.40% | -0.30% | | | 07:15 | CHF | Combined PPI Y/Y Mar | 0.00% | -0.10% | -1.00% | | | 09:00 | EUR | Eurozone CPI M/M Mar | 0.90% | 0.90% | 0.30% | | | 09:00 | EUR | Eurozone CPI Y/Y Mar | 1.40% | 1.50% | 1.50% | | | 09:00 | EUR | Eurozone CPI - Core Y/Y Mar | 1.00% | 0.90% | 0.80% | | | 09:00 | EUR | Eurozone Trade Balance (EUR) Feb | 3.3B | 3.1B | 1.8B | 1.9B | | 12:30 | CAD | Manufacturing Shipments M/M Feb | 0.10% | 1.00% | 2.40% | | | 12:30 | CAD | New Motor Vehicle Sales M/M Feb | 8.10% | 7.00% | 0.00% | | | 12:30 | USD | Housing Starts Mar | 626K | 610K | 575K | 616K | | 12:30 | USD | Building Permits Mar | 685K | 625K | 612K | 637K | | 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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